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Federal Reserve

Hong Kong stocks enjoy gains in morning session

The Hang Seng Index gained 0.62 percent, or 180.06 points, to 29,251.40.

Published 29 Apr, 2021 10:20am

Markets

Wednesday’s early afternoon trade: Dow, Nasdaq weighed down by Microsoft, Amgen

NEW YORK: The Dow and Nasdaq indexes fell on Wednesday as Amgen and Microsoft weighed, while investors focused on a...

Published 29 Apr, 2021 03:52am

Fed stays the course, nods to ‘strengthened’ US recovery

WASHINGTON: The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding...

Published 29 Apr, 2021 03:52am

Markets

Alphabet pushes S&P 500 to record high, props up Nasdaq

Alphabet jumps on record profit, plans $50 billion buyback.
Communication services leads gains among S&P 500 sectors.
Boeing falls on wider-than-expected quarterly loss.
Microsoft shares down on valuation.
Indexes: Dow down 0.44%, S&P up 0.19%, Nasdaq up 0.13%.

Published 28 Apr, 2021 09:08pm

Markets

Markets mostly up before Fed, Biden

The Dow Jones was off 0.3 percent in early trading despite a strong rise for Google parent Alphabet, which added 5.7 percent on surging ad sales.

Published 28 Apr, 2021 07:35pm

Markets

Fed set to reaffirm recovery mission, face down inflation fears

Powell has frequently noted that it took a decade after the 2008 global financial crisis for the US economy to return to full employment, while inflation consistently fell short of its target.

Published 28 Apr, 2021 11:25am

Markets

Hong Kong stocks up at break

The Hang Seng Index added 0.13 percent, or 36.95 points, to 28,978.49.

Published 28 Apr, 2021 10:27am

Markets

S&P 500, Nasdaq at record highs

NEW YORK: The S&P 500 and Nasdaq closed at record highs on Monday, fuelled by Tesla Inc and other heavyweight...

Published 28 Apr, 2021 03:18am

Markets

Dollar near multi-week lows before Fed, yen unmoved after BOJ

The offshore Chinese yuan retreated 0.1% after rising to a seven-week top of 6.4710 per dollar on Monday.

Published 27 Apr, 2021 12:10pm

Markets

Hong Kong stocks finish morning with losses

The Hang Seng Index eased 0.15 percent, or 42.33 points, to 28,910.50.

Published 27 Apr, 2021 10:19am

Markets

Palladium scales record peak, gold steadies in NY

NEW YORK: Deficit-stricken palladium scaled a record peak on Monday, while gold held steady as investors awaited...

Published 27 Apr, 2021 03:02am

Markets

Wall Street edges higher on Tesla boost ahead of big tech earnings

Tesla to report Q1 earnings after markets close.
Financials lead gains among S&P 500 sectors.
Indexes up: Dow 0.18%, S&P 0.18%, Nasdaq 0.17%.

Published 26 Apr, 2021 08:32pm

Markets

Stocks trade mixed before Fed meeting, earnings

The dollar largely struggled before the Fed's rate decision Wednesday.

Published 26 Apr, 2021 06:40pm

Markets

Yields higher as traders look to Wednesday auction

The benchmark 10-year yield was up 4.1 basis points at 1.6135%, continuing its increase from multiweek lows reached April 15.
Investors were watching to gauge the market's appetite for $24 billion of 20-year bonds scheduled to be auctioned on Wednesday, said Justin Lederer, Cantor Fitzgerald Treasury analyst.

Published 19 Apr, 2021 08:16pm

Business & Finance

Dollar index falls in Europe

LONDON: The dollar was set to post a second week of losses on Friday amid an extended retreat in Treasury yields, as...

Published 17 Apr, 2021 03:28am

Markets

US MIDDAY: Gold climbs

NEW YORK: Gold scaled a more than one-month peak on Thursday as US Treasury yields slipped despite...

Published 16 Apr, 2021 03:40am

Business & Finance

US industry in March struggles to rebound from storm: Fed

Manufacturing output rose of 2.7 percent, and mining posted growth of 5.7 percent, the report said.

Published 15 Apr, 2021 07:21pm

Business & Finance

Bank of America profit more than doubles on reserve release boost

The second-largest US bank by assets unlocked $2.7 billion from its reserves and unveiled a $25 billion stock repurchase plan, betting on a swift economic recovery driven by rapid vaccinations.
Consumer banking revenue at the bank, however, fell 12% to $8.1 billion in the quarter ended March. Net interest income, a key measure of how much the bank can make from lending, fell 16% to $10.2 billion in the quarter.

Published 15 Apr, 2021 04:13pm

Markets

Oil surges as US stocks waffle on valuation fears

However, Coinbase shares finished at $328.28, well below the session peak of $429.54.

Published 15 Apr, 2021 10:26am

Business & Finance

Current US debt level ‘very sustainable’: Fed’s Powell

WASHINGTON: US government borrowing is on an “unsustainable path” but the current debt level is “very...

Updated 15 Apr, 2021 10:07am

Markets

Dollar at three-week low on tamped down fears over inflation

Biden phoned Putin to propose they meet in a third country, in a sign of concern about tensions spinning out of control in the Ukraine crisis.

Published 14 Apr, 2021 11:32am

Markets

European shares pause near record highs

AMSTERDAM/LONDON: European shares hovered just below all-time highs on Tuesday, little changed by US inflation data...

Published 14 Apr, 2021 03:21am

Business & Finance

Early trade in New York: Dollar drops to three-week lows

NEW YORK: The US dollar fell to three-week lows on Tuesday after data showed inflation making strong gains in March,...

Published 14 Apr, 2021 03:21am

Markets

European shares pause near record highs

The STOXX 600 has also lagged a recovery in its U.S. counterpart due to a slow vaccination rollout and a new wave of coronavirus infections on the continent.

Updated 14 Apr, 2021 12:01am

Markets

South African rand reverses losses after U.S. CPI data

Investors mainly focused on U.S. inflation data for further indications on the direction of lending rates in the world's biggest economy.

Updated 14 Apr, 2021 12:00am

World

US consumer prices post biggest gain in over 8-1/2 years

Consumer prices increase 0.6% in March.
CPI rises 2.6% year-on-year.
Core CPI gains 0.3%; up 1.6% year-on-year.

Published 13 Apr, 2021 08:36pm

Fed chair says cyberattacks main risk to US economy

WASHINGTON: Federal Reserve chairman Jerome Powell said he was more worried about the risk of a large-scale...

Updated 13 Apr, 2021 09:27am

Markets

European stocks steady ahead of earnings season

London nudged lower in afternoon trading, while Frankfurt and Paris were barely in the black.

Published 12 Apr, 2021 08:01pm

Markets

Dollar drops as traders prepare for inflation data

Dollar falters, extending losses last week.
US inflation data due on Tuesday.
Euro climbs above $1.19, sterling bounces off two-month low.

Published 12 Apr, 2021 05:38pm

Markets

Fed chair says cyberattacks main risk to US economy

The Fed was also looking at the possibility that part or even a large part of the financial system could shut down.

Updated 12 Apr, 2021 04:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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