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Financial markets

China's offshore listing rules should reduce market uncertainty

HONG KONG: China's plan to tighten scrutiny over mainland companies' offshore share sales should help reduce the...

Published 25 Dec, 2021 11:34am

BR Research

Fear & Greed: ‘if wishes were horses..’

The monetary policy meeting is scheduled for Tuesday. A mere look at the yield curve implies that the policy rate...

Published 10 Dec, 2021 08:16am

IMF, 10 countries simulate cyber attack on global financial system

OCCUPIED JERUSALEM: Israel on Thursday led a 10-country simulation of a major cyber attack on the global financial...

Updated 10 Dec, 2021 09:54am

Business & Finance

Canadian dollar rallies as air of calm returns to financial markets

TORONTO: The Canadian dollar rebounded against the greenback on Monday as data showed Canada’s current account...

Published 30 Nov, 2021 05:23am

Opinion

Iconic corporate names breaking up in trend to boost value

Three multinational giants — General Electric, Johnson & Johnson and Toshiba...

Published 15 Nov, 2021 04:55am

Business & Finance

BlackRock profit beats estimates though asset growth stalls

NEW YORK: BlackRock Inc topped third-quarter profit estimates helped by robust performance fees and strong demand ...

Published 18 Oct, 2021 04:42am

Markets

Markets volatile as Asian stocks tumble, bitcoin soars

LONDON: Financial markets kicked off the week with fresh volatility on Monday, as Asian stocks tumbled, bitcoin...

Published 27 Jul, 2021 04:40am

Business & Finance

ECB to inspect loans to shadow banks after Greensill, Archegos fiascos

The area has come under sharper scrutiny following the demise this year of supply-chain lender Greensill and Archegos, a family office run by former Tiger Asia manager Bill Hwang.
"What concerns me the most is that sometimes banks themselves don't have visibility on the portfolio of these entities," he said in an interview.

Published 06 May, 2021 05:41pm

Opinion

As small-cap stocks lag, Wall Street worries about broad slowdown

An historic rally in share prices for smaller US companies has slowed sharply in April after six months of strong...

Published 27 Apr, 2021 03:02am

Markets

Hong Kong shares down at break

The Hang Seng Index shed 0.96 percent, or 276.93 points, to 28,623.90.

Published 15 Apr, 2021 11:05am

Markets

Foreigners' share in Russia's OFZ bonds shrinks in March to lowest since 2015

Foreign investors' share of Russian debt has been on decline for months and its slide accelerated recently amid intensified fears of fresh US sanctions against Moscow.
"The largest exodus (of foreign investors) from the Russian market was observed on particular days with increased volatility due to geopolitical risks," the central bank said in a report on financial markets.

Published 12 Apr, 2021 08:49pm

Markets

Dollar on track for third weekly gain after strong US payrolls data

US nonfarm payrolls surge more than 900,000 in March.
Economic optimism, rising yields support dollar.
Dollar index rises in five of last six weeks.

Published 02 Apr, 2021 07:27pm

Business & Finance

Suez attempt to fight Veolia offer breaches takeover rules

In an effort to force Veolia to negotiate, the Suez board has set up a Dutch foundation to prevent the sale of French water assets that its rival would need to divest to win antitrust approval to buy Suez.
Suez also proposed last month to negotiate a takeover if the two companies agreed on the sale of most of Suez's French assets to investment funds Ardian and Global Infrastructure Partners (GIP).

Published 02 Apr, 2021 06:45pm

Markets

Trading volumes in emerging hard-currency debt shrink 11pc in 2020

"The year was marked by the outbreak of Covid-19 leading to a sell-off in the financial markets and the dramatic contraction in economic growth around the globe," EMTA said in a statement.
"The adoption of expansive monetary policies and historically low US Treasury yields later encouraged capital flows into higher-yielding asset classes including EM."

Published 29 Mar, 2021 09:34pm

Markets

Wall Street bonuses jump 10pc in 2020, says NY state comptroller

"Wall Street's near-record year shattered all expectations," New York State Comptroller Thomas DiNapoli said.
"The early forecast of a disastrous year for financial markets was sharply reversed by a boom in underwriting activity, historically low interest rates, and surges in trading spurred by volatile markets," he added.

Published 26 Mar, 2021 07:35pm

Markets

Cotton jumps 3pc

NEW YORK: ICE cotton futures gained 3% on Monday bolstered by hopes for stronger demand as the global economy...

Published 02 Mar, 2021 05:50am

Markets

Gold’s rally to slow, not stop, as global economy recovers

BENGALURU: Analysts and traders have downgraded their forecasts for gold but still expect prices to recover from...

Published 14 Feb, 2021 03:49am

Clarification: SBP responds to BR editorial

KARACHI: Apropos an editorial titled ‘An expensive correction’ published on 8th February, 2021 in Business...

Published 10 Feb, 2021 04:12am

Markets

Volume of business remains low on cotton market

KARACHI: The local cotton market remained stable on Thursday. Market sources told that trading volume was low....

Published 29 Jan, 2021 04:55am

Business & Finance

Qatari bank sees gradual growth in Saudi after end of rift

QNB opened its branch in the Saudi capital in May 2017, just a month before the dispute erupted.
The bank would rebuild its information technology infrastructure and the banking team in Riyadh, Mari said.

Published 18 Jan, 2021 06:51pm

Markets

Dollar on track for worst year since 2017

An improving economic outlook as COVID-19 vaccines are rolled out and unprecedented fiscal and monetary stimulus has dimmed the allure of the greenback.
The US currency is also suffering from rising fiscal and current account deficits that show no signs of slowing down.

Published 31 Dec, 2020 09:14pm

Business & Finance

Poland's central bank chief says further rate cuts possible in Q1

"The current level of interest rates is appropriate and best suits the current situation," Glapinski said.
Central banker Jerzy Zyzynski told on Wednesday a cut to zero was possible in the first quarter, citing a "sluggish" recovery.

Published 30 Dec, 2020 06:53pm

Markets

US Treasury-led report calls for overhaul of money market funds

The crunch prompted the Fed to buy $1.6 trillion in Treasuries and take other measures to stabilize the markets.

Published 23 Dec, 2020 11:26am

Markets

South Africa's rand hits 10-month high as risk appetite nudges up

Lower interest rates in the United States typically lift demand for higher-yielding assets in emerging markets like South Africa.

Published 17 Dec, 2020 12:44pm

Markets

Banks warn EU of disruption in derivatives markets in January

Britain has left the EU and transition arrangements giving continued full access end on Dec. 31.
The EU's securities watchdog has said EU banks and investors are legally "obliged" to use a platform inside the bloc to trade swaps.

Published 11 Dec, 2020 12:19am

Business & Finance

Banks warn EU of disruption in derivatives markets in January

In the absence of action from policymakers, there will be disruption in the market as of 1 January.

Published 10 Dec, 2020 12:45pm

Gainers
Losers
Leaders

Stock	Price
Kot Addu Power / Jan 21 Kot Addu Power Company Limited(KAPCO)	35.70 ▲ 2.04 (6.06%)
Khairpur / Jan 21 Khairpur Sugar Mills Limited(KPUS)	68.90 ▲ 3.06 (4.65%)
Pervez Ahmed Co / Jan 21 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.21 ▲ 0.04 (3.42%)
Pioneer Cement / Jan 21 Pioneer Cement Limited(PIOC)	83.20 ▲ 2.59 (3.21%)
Octopus Digital / Jan 21 Octopus Digital Limited(OCTOPUS)	102.25 ▲ 2.98 (3.00%)
Maple Leaf / Jan 21 Maple Leaf Cement Factory Limited(MLCF)	33.48 ▲ 0.97 (2.98%)
Kohinoor Ind. / Jan 21 Kohinoor Industries Limited(KOIL)	6.00 ▲ 0.15 (2.56%)
Kohat Cement / Jan 21 Kohat Cement Company Limited(KOHC)	175.00 ▲ 4.33 (2.54%)
Kohinoor Energy / Jan 21 Kohinoor Energy Limited(KOHE)	37.95 ▲ 0.68 (1.82%)
Jubilee Spinning / Jan 21 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	4.98 ▲ 0.08 (1.63%)

Stock	Price
Pak Gen.Ins. / Jan 21 The Pakistan General Insurance Co. Ltd.(PKGI)	4.20 ▲ -0.63 (-13.04%)
Mehran Sugar / Jan 21 Mehran Sugar Mills Limited(MRNS)	38.00 ▲ -4.69 (-10.99%)
Khurshid Spinning / Jan 21 Khurshid Spinning Mills Limited(KHSM)	8.60 ▲ -0.90 (-9.47%)
Next Capital / Jan 21 Next Capital Limited(NEXT)	9.97 ▲ -1.00 (-9.12%)
Jah.Sidd. Co. / Jan 21 Jahangir Siddiqui & Co. Ltd.(JSCL)	14.32 ▲ -1.16 (-7.49%)
Jahangir Sidd(Pref) / Jan 21 Jahangir Sidd(Pref)(JSCLPSA)	7.50 ▲ -0.51 (-6.37%)
Jubilee Gen. Ins. / Jan 21 Jubilee General Insurance Limited(JGICL)	43.13 ▲ -2.90 (-6.30%)
Mirpurkhas Sugar / Jan 21 Mirpurkhas Sugar Mills Limited(MIRKS)	134.00 ▲ -8.33 (-5.85%)
Popular Islamic / Jan 21 Popular Islamic Modaraba(PIM)	9.61 ▲ -0.49 (-4.85%)
J. D. W. / Jan 21 JDW Sugar Mills Limited(JDWS)	235.00 ▲ -8.50 (-3.49%)

Stock	Volume
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	21,840,000 ▼ 0.00
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	14,769,291 ▼ 0.00
Ghani Glo Hol / Jan 21 Ghani Global Holdings Limited(GGL)	13,507,500 ▼ 0.00
Telecard Limited / Jan 21 Telecard Limited(TELE)	10,689,000 ▼ 0.00
K-Electric Ltd. / Jan 21 K-Electric Limited(KEL)	10,006,500 ▼ 0.00
TRG Pak Ltd / Jan 21 TRG Pakistan Limited(TRG)	9,421,302 ▼ 0.00
Jah.Sidd. Co. / Jan 21 Jahangir Siddiqui & Co. Ltd.(JSCL)	5,785,500 ▼ 0.00
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	5,234,500 ▼ 0.00
Unity Foods Ltd / Jan 21 Unity Foods Limited(UNITY)	5,208,899 ▼ 0.00
Treet Corp / Jan 21 Treet Corporation Limited(TREET)	4,495,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 19	176.35
USD PKR Interbank Buying / Jan 19	176.25
USD to Japanese Yen / Jan 19	114.42
USD to Swiss Franc / Jan 19	0.92
Pound Sterling to USD / Jan 19	1.36
Euro to USD / Jan 19	1.13
UK LIBOR % / Jan 19	0.07

Stock	Volume
S&P 500 / Jan 19	4532.76
India Sensex / Jan 19	60098.82
Tokyo Nikkei / Jan 19	27467.23
Nasdaq / Jan 19	14340.25
Hang Seng / Jan 19	24127.85
FTSE 100 / Jan 19	7589.66
Dow Jones / Jan 19	35028.65
Germany DAX 30 / Jan 19	15809.72
France CAC40 / Jan 19	7589.66

Item	Value
Crude Oil / Jan 19	86.27
Karachi Cotton Assoc. / Jan 19	19180.00
Gold 10 Grams / Jan 19	107940.00
Gold Spot / Jan 19	1839.20
Cotton / Jan 19	123.95

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