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Federal Reserve

Gold gains in Europe

AMSTERDAM/LONDON: Gold rose for a second straight session on Thursday after the dollar retreated, as investors...

Published 07 May, 2021 04:35am

Markets

US MIDDAY: Gold races past $1,800 mark

NEW YORK: Gold jumped over 1% on Thursday with a weaker dollar and easing Treasury yields propelling it over the key...

Published 07 May, 2021 04:35am

Markets

US money market funds see biggest weekly inflow in a year

NEW YORK: US money market funds lured the biggest inflow in a year, in the week ended April 28, on caution ahead of ...

Published 03 May, 2021 04:39am

Markets

C$ gains for 5th straight day, boosted by higher oil prices

In contrast, the Federal Reserve on Wednesday said it was too early to consider rolling back emergency support for the economy, pressuring the US dollar.

Published 30 Apr, 2021 11:44am

Opinion

Fed tames taper talk, but investors look for clues in coming months

Investors have received some reassurance that the Federal Reserve will not imminently reduce its support of the US...

Published 30 Apr, 2021 05:06am

Markets

Canadian dollar posts 3-year high as Fed stays a step behind BoC

Oil, one of Canada's major exports, settled 1.5% higher at $63.86 a barrel after US distillate inventories posted a large drawdown and refiners ramped up activity to the highest in over a year.

Published 29 Apr, 2021 11:35am

Markets

Hong Kong stocks open with strong gains

The Hang Seng Index jumped 0.68 percent, or 196.87 points, to 29,268.21.

Published 29 Apr, 2021 10:41am

Markets

Asian markets lifted by upbeat Fed, strong results

Americans earning less than $400,000 a year, however, would face no extra taxes, he said.

Published 29 Apr, 2021 10:29am

Markets

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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