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Financial markets

International InsureImpact Conference 2023: Dr Shamshad akhtar, Caretaker Federal Minister for Finance, Revenue, and Economic Affairs

I extend my appreciation to the Securities and Exchange Commission of Pakistan (SECP) for hosting the International...

Published 14 Dec, 2023 05:24am

Primary auction for GDS will also be held on PSX

This follows the change in rules by the Cabinet to enable government debt to be raised from the capital markets in addition to the State Bank of Pakistan

Updated 09 Dec, 2023 04:33pm

FD invites nominations for appointment of ETDB VP

ISLAMABAD: The Finance Division has invited nominations for the appointment of vice president in the Economic...

Updated 21 Oct, 2023 04:50pm

Abhi’s valuation grew to $90m in two years

KARACHI: Pakistan’s financial startup Abhi’s valuation grew to $90 million during the last two years and became one...

Updated 23 Aug, 2023 09:45am

Business & Finance

Beijing may allow foreign financial firms to list in China

SHANGHAI: China will encourage foreign capital to participate in its financial markets and may allow foreign-funded...

Updated 18 Mar, 2023 04:43pm

Business & Finance

ECB raises rates as planned despite banking turmoil

FRANKFURT: The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring...

Published 17 Mar, 2023 07:09am

IMF chief says markets have good reasons to be more upbeat on economy

DUBAI: The head of the International Monetary Fund (IMF) said on Monday that financial markets have good reason to...

Updated 14 Feb, 2023 09:03am

Markets

Asian markets closed

HONG KONG: Financial markets in Australia, China, Hong Kong, Japan, Malaysia, New Zealand, Singapore and Taiwan were...

Published 03 Jan, 2023 03:25am

Stock trading: SECP to introduce category of ‘online-only brokers’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will introduce a new category - ‘online-only...

Updated 20 Nov, 2022 04:17pm

Markets

Defence, oil stocks lift London’s FTSE 100

LONDON: Defence and energy stocks led a recovery in UK’s blue-chip FTSE 100 from near three-week lows on ...

Published 22 Sep, 2022 06:41am

BR Research

IMF – jubilation is muted

After a few months' drama, the IMF is finally back. However, the confidence is not. The economic concerns in the ...

Published 01 Sep, 2022 08:26am

Business & Finance

BoE may reduce gilts by 50-100bn pounds over a year: Bailey

LONDON: Bank of England Governor Andrew Bailey said the central bank was considering reducing its British government...

Published 20 Jul, 2022 05:48am

Markets

Standard Chartered CEO sees shallow and short recession by early 2023

MUMBAI: Standard Chartered Chief Executive Bill Winters expects central banks' fight against surging inflation,...

Updated 08 Jun, 2022 07:54pm

Business & Finance

Pound at 5-week high vs struggling euro

LONDON: The British pound rose against the euro on Thursday as the single currency weakened after the European...

Published 15 Apr, 2022 05:29am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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