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Federal Reserve

Wall St rallies as cooling inflation eases rate hike fears

NEW YORK: Wall Street rallied on Wednesday, led by gains in rate-sensitive megacap growth stocks after data showed...

Published 13 Jul, 2023 04:50am

World

Fed’s Barr lays out plan to order more capital for large US banks

WASHINGTON: The Federal Reserve’s top regulatory official laid out a sweeping plan to increase capital requirements...

Published 10 Jul, 2023 08:20pm

Business & Finance

We are still monitoring the banks' situation very carefully: Fed's Powell

MADRID: The US Federal Reserve is still monitoring the situation in the banking industry “very carefully” to address...

Updated 30 Jun, 2023 10:05am

Markets

Powell: Expects dollar to remain global reserve currency

Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve...

Published 21 Jun, 2023 09:12pm

World

US Federal Reserve chair says additional rate hikes likely

WASHINGTON: Federal Reserve Chair Jerome Powell said Wednesday that additional US interest rate hikes will likely be...

Published 21 Jun, 2023 05:42pm

World

Fed’s Waller: Not clear bank failures had a material effect on credit tightening

WASHINGTON: Changes in credit conditions since the failure of Silicon Valley Bank in early March are “in line” with...

Published 16 Jun, 2023 05:09pm

World

Fed seen holding rates steady this week after inflation data

Federal Reserve policymakers are seen as far more likely to skip raising interest rates this week after government...

Published 13 Jun, 2023 07:41pm

Markets

Asian FX gains after weak US data, Fed pause in focus

Most Asian currencies strengthened on Friday, with Thailand’s baht leading the charge, after a jump in US weekly...

Published 09 Jun, 2023 12:05pm

World

IMF urges Fed, central banks to keep tightening to reduce inflation

WASHINGTON: The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central...

Updated 08 Jun, 2023 09:32pm

World

US weekly jobless claims rise modestly; layoffs increase in May

WASHINGTON: The number of Americans filing new claims for unemployment benefits increased modestly last week,...

Published 01 Jun, 2023 07:02pm

Markets

Dollar retreats as Fed pause eyed; US debt deal clears House

SINGAPORE: The dollar retreated from a two-week top against its major peers on Thursday as investors trimmed bets...

Published 01 Jun, 2023 09:40am

Markets

Dollar hits 6-month high versus yen on higher-for-longer US rate expectations

SINGAPORE: The dollar touched a six-month high against the yen on Tuesday as expectations grew that US rates will...

Published 23 May, 2023 09:16am

Markets

Asian shares tentative, US debt ceiling talks weigh on risk appetite

SINGAPORE: Asian shares were subdued on Wednesday and the dollar hovered around a five-week peak as investors...

Published 17 May, 2023 09:39am

Business & Finance

Another Fed official indicates support for US rate hike

WASHINGTON: The US Federal Reserve may have to continue raising interest rates to bring down inflation, the...

Published 15 May, 2023 08:11pm

Markets

Dollar keeps gains as traders bet Fed headed for a pause

SINGAPORE: The US dollar was clinging close to a more than one week peak on Friday as a slew of data overnight...

Published 12 May, 2023 09:53am

Markets

Dollar sinks versus yen with US yields depressed after CPI

TOKYO: The dollar sank for a second day against the yen on Thursday, feeling the pressure from lower U.S. Treasury...

Published 11 May, 2023 09:41am

World

Fed’s Jefferson says economy slowing in ‘orderly’ manner

WASHINGTON: The U.S. economy is slowing in an “orderly fashion” that should allow inflation to decline even as...

Published 09 May, 2023 06:51pm

Markets

Wall Street Week Ahead: US consumer price data to test feared stagflation scenario

NEW YORK: Fears of stagflation are percolating on Wall Street, as investors await data that could shed light on...

Published 08 May, 2023 06:40am

World

US private payrolls beat expectations in April: ADP

WASHINGTON: US private employers boosted hiring in April, but there are signs that the labor market is slowing amid...

Published 03 May, 2023 05:45pm

World

Fed begins rate talks that could herald end of hikes

WASHINGTON: The US Federal Reserve kicked off a two-day meeting Tuesday morning to decide whether to raise its...

Published 02 May, 2023 07:22pm

Markets

Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB

TOKYO: The yen continued its steep descent on Tuesday, reaching a 15-year low to the euro, as the implications of a...

Published 02 May, 2023 09:25am

Business & Finance

Dollar steady before Fed meeting, jobs data

NEW YORK: The dollar was little changed on Monday before a busy week for central banks, with the Federal Reserve...

Published 02 May, 2023 05:59am

Business & Finance

Fed says new refinements of trading process are coming

NEW YORK: The Federal Reserve is planning new steps to ensure officials and top staff are complying with financial...

Published 02 May, 2023 05:59am

World

US Fed may reverse rules that masked losses on SVB’s securities: WSJ

US Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal losses on...

Published 21 Apr, 2023 08:58pm

World

US home sales slowed in March

WASHINGTON: Sales of existing homes in the United States slowed in March, the Commerce Department said Thursday,...

Published 20 Apr, 2023 07:23pm

Markets

Oil slides as interest rate expectations eclipse Chinese data

LONDON: Oil prices dropped sharply on Wednesday as potential U.S. interest rate hikes that could slow growth and...

Updated 19 Apr, 2023 08:29pm

Business & Finance

Fed likely to hike rates one more time and then hold steady, Bostic says

The US central bank most likely has one more interest rate rise ahead of it as it continues to work to lower high...

Published 18 Apr, 2023 09:33pm

World

US single-family housing starts increase in March

WASHINGTON: U.S. single-family homebuilding increased in March, while permits for future construction surged,...

Published 18 Apr, 2023 06:35pm

World

Fed’s Bullard discounts recession talk, favors more rate hikes

ST. LOUIS: The U.S. central bank should continue raising interest rates on the back of recent data showing inflation...

Published 18 Apr, 2023 06:09pm

Business & Finance

Bank of America profit rises as it cashes in on higher interest rates

Bank of America Corp’s profit rose in the first quarter as it earned more from customers’ interest payments while...

Published 18 Apr, 2023 04:29pm

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.13 ▲ 0.96 (15.56%)
JS Global Banking / Dec 1 JS Global Banking Sector (ETF)(JSGBETF)	13.53 ▲ 1.78 (15.15%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Waves Home Appliances / Dec 1 Waves Home Appliances Limited(WHALE)	8.12 ▲ 0.86 (11.85%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	10.06 ▲ 1.00 (11.04%)
Pak Gulf Leasing / Dec 1 Pak-Gulf Leasing Company Limited(PGLC)	7.75 ▲ 0.73 (10.40%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)

Stock	Price
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.02 ▼ -1.00 (-11.09%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 1 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Universal Network (GEM) / Dec 1 Universal Network Systems Limited (GEM)(GEMUNSL)	30.52 ▼ -2.47 (-7.49%)
Suraj Cotton / Dec 1 Suraj Cotton Mills Limited(SURC)	146 ▼ -10.75 (-6.86%)
Clover Pakistan / Dec 1 Clover Pakistan Limited(CLOV)	23.75 ▼ -1.62 (-6.39%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.10 ▼ -0.32 (-5.90%)
Tata Textile / Dec 1 Tata Textile Mills Limited(TATM)	72.30 ▼ -3.69 (-4.86%)
Jubilee Spinning / Dec 1 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.40 ▼ -0.32 (-4.76%)

Stock	Volume
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	42,339,484 ▲ 2.90
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	39,182,221 ▲ 1.15
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.07
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.50
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.03
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 1.32
Hum Network / Dec 1 Hum Network Limited(HUMNL)	21,957,500 ▲ 0.41
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.13
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.07
D.G.K.Cement / Dec 1 D.G. Khan Cement Company Limited(DGKC)	14,240,564 ▲ 5.49

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	148.16
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.26
Euro to USD / Dec 1	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Dec 1	4556.94
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14187.27
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7501.93
Dow Jones / Dec 1	35968.23
Germany DAX 30 / Dec 1	16335.19
France CAC40 / Dec 1	7342.95

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Crude Oil USD/Barrel / Dec 1	76.13
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2038.53
Cotton US¢/pound / Dec 1	79.92

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