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Fitch Ratings

Govt change peaceful, but raises near-term policy uncertainty: Fitch

ISLAMABAD: The recent government change in Pakistan has been peaceful, but raises near-term policy uncertainty even...

Updated 13 Apr, 2022 10:51am

Markets

Fitch says Pakistan’s political volatility adds to external financing risk

Forecasts current account deficit at around 5% of GDP (around $18.5 billion) in FY22

Updated 12 Apr, 2022 05:24pm

Business & Finance

Russia seeks to halt investor stampede as sanctions hammer economy

LONDON: Russia said on Tuesday it was placing temporary curbs on foreigners seeking to exit Russian assets, putting...

Published 02 Mar, 2022 04:35am

Markets

Fitch rates Saudi Arabia's PIF 'A', in line with sovereign

DUBAI: Fitch Ratings on Wednesday assigned Saudi Arabia's Public Investment Fund (PIF) an 'A' credit rating in line...

Published 02 Feb, 2022 08:01pm

World

Fitch upgrades Ireland to ‘AA-’

WASHINGTON: Ratings agency Fitch upgraded Ireland’s debt rating on Friday to “AA-” from “A+,” citing its...

Published 30 Jan, 2022 04:04am

Proposed USD Sukuk certificates: Fitch, Moody’s assign ‘B-’, ‘B3’ ratings, respectively

ISLAMABAD: Fitch Ratings has assigned Pakistan’s proposed US-dollar sovereign global Sukuk certificates, to be...

Updated 19 Jan, 2022 09:31am

Markets

Fitch downgrades Sri Lanka to 'CC' on higher debt default risk

COLOMBO: Fitch Ratings on Saturday downgraded Sri Lanka's sovereign rating to 'CC' from 'CCC', citing a growing risk...

Published 18 Dec, 2021 04:17pm

Business & Finance

Two Chinese property firms default on $1.6bn in bonds: Fitch

BEIJING: Two major Chinese property firms have defaulted on $1.6 billion worth of bonds to overseas creditors, Fitch...

Published 10 Dec, 2021 04:29am

Fitch foresees further hike in interest rate

ISLAMABAD: The Fitch Ratings agency has anticipated further interest-rate hike for Pakistan. The ratings agency in...

Updated 09 Dec, 2021 09:49am

Markets

Ratings upgrade gives Italian bonds a lift

LONDON: Italy's 10-year bond yield fell to a two-week low on Monday, pushed down by a ratings upgrade from Fitch....

Published 06 Dec, 2021 12:59pm

Sovereign’s “B-”: Sustained reforms could create positive rating momentum: Fitch

ISLAMABAD: Continued adherence to the International Monetary Fund (IMF) Extended Fund Facility (EFF) reform agenda...

Published 25 Nov, 2021 03:35am

Markets

Pakistan’s recent policy measures to curtail rising external risks: Fitch

Says Pakistan’s current-account deficit in the ongoing fiscal year is set to be wider than previous forecast of 2.2% of GDP

Published 24 Nov, 2021 07:40pm

Business & Finance

Qatar slides as banks weigh, Egypt gains ahead of c bank meet

DUBAI: Qatari stocks dropped sharply on Tuesday, dragged down by the financial sector after Fitch indicated a...

Published 27 Oct, 2021 04:50am

Opinion

USD-PKR parity—I

Noted rating agency recently predicted that USD/ Rupee parity will reach around Rs 180 to USD 1 by next year. Their...

Published 07 Oct, 2021 04:25am

Fitch Ratings revises PKR forecasts downwards

ISLAMABAD: Fitch Ratings has revised downward its forecasts for the Pakistani rupee, ie, from Rs165 to Rs180 for ...

Published 01 Oct, 2021 03:11am

Markets

Fitch expects Pakistani rupee to weaken further in 2022

ISLAMABAD: Fitch Ratings revised down its forecasts for the Pakistani rupee on Thursday for both this year and next...

Updated 30 Sep, 2021 01:47pm

Business & Finance

Fitch upgrades Taiwan for outperforming peers during COVID-19 pandemic

Rating agency Fitch Ratings upgraded Taiwan to 'AA' from 'AA-' with a stable outlook, saying the economy had...

Published 10 Sep, 2021 10:48am

Pakistan's reserves likely to increase by $2.8bn

ISLAMABAD: The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of...

Updated 04 Aug, 2021 09:55am

Business & Finance

IMF's new SDR allocation could bolster Pakistan's forex reserves by $2.8 billion: Fitch

IMF's board of governors expected to approve allocation in August

Published 28 Jun, 2021 02:30pm

Markets

Sri Lankan shares end higher as financials gain

The CSE All-Share Index closed up 0.74% at 7,715.46.
Trading volume on Friday fell to 73.9 million from 165.9 million in the previous session.

Published 18 Jun, 2021 06:36pm

Fitch assigns ‘B-’ rating to Wapda’s proposed USD notes

ISLAMABAD: Fitch Ratings has assigned Pakistan Water and Power Development Authority’s (WAPDA, B-/Stable) proposed...

Published 26 May, 2021 03:45am

Business & Finance

Fitch Ratings assigns WAPDA’s USD Notes 'B-' rating

“The proceeds of the proposed notes will be used to finance or refinance eligible green projects,” said Fitch.

Published 25 May, 2021 10:53am

Fitch seeks viewpoint on China’s future role in bilateral financing

ISLAMABAD: Fitch Ratings- Hong Kong, an international sovereign rating agency, which is conducting Pakistan’s...

Published 07 May, 2021 04:35am

Business & Finance

Fitch Ratings gets UAE regulator license

The license, effective as of April 6, allows Fitch to provide credit ratings for "onshore" entities listed in SCA-controlled stock exchanges, including the Dubai Financial Market and Abu Dhabi Securities Exchange, Fitch said in a statement.

Published 14 Apr, 2021 05:52pm

Business & Finance

Fitch raises outlook for Australia's 'Big Four' banks as economy rebounds

However, the ratings agency warned that risks to the forecast would remain until the vaccination programme is completed.

Published 12 Apr, 2021 02:21pm

Business & Finance

Fitch Ratings assigns 'B-' rating to Pakistan's proposed foreign-currency bonds

As per Fitch Ratings, the rating is in line with Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B-' with a stable outlook.

Published 30 Mar, 2021 01:40pm

Business & Finance

Fitch assigns Pakistan’s WAPDA at 'B-' ratings with Stable outlook

Fitch Ratings maintain a 'Very Strong' assessment regarding WAPDA's ownership structure and control mechanism.

Published 17 Mar, 2021 02:59pm

Markets

Fitch cuts outlook on Kuwait's debt rating to 'negative'

Fiscal deficits will likely remain in the double digits in the medium to long term and lead to a gradual, but steady deterioration of Kuwait's balance sheet strengths, it said.

Published 03 Feb, 2021 11:49am

Markets

Oil prices fall

LONDON: Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries ...

Published 23 Jan, 2021 03:56am

Fitch keeps Britain outlook negative, debt at AA-

WASHINGTON: Fitch ratings on Friday maintained Britain's AA- debt rating and outlook at negative, but warned rising...

Published 17 Jan, 2021 04:13am

Gainers
Losers
Leaders

Stock	Price
Bilal Fibres / May 25 Bilal Fibres Limited(BILF)	2.45 ▲ 0.40 (19.51%)
Grays Leasing / May 25 Grays Leasing Limited(GRYL)	3.48 ▲ 0.49 (16.39%)
Hira Textile / May 25 Hira Textile Mills Limited(HIRAT)	2.89 ▲ 0.35 (13.78%)
Shaheen Ins. / May 25 Shaheen Insurance Company Limited(SHNI)	3.20 ▲ 0.38 (13.48%)
Khurshid Spinning / May 25 Khurshid Spinning Mills Limited(KHSM)	11.65 ▲ 1.00 (9.39%)
Avanceon Ltd / May 25 Avanceon Limited(AVN)	74.41 ▲ 5.19 (7.50%)
Universal Network / May 25 Universal Network Systems Limited(GEMUNSL)	55.90 ▲ 3.90 (7.50%)
Dadex Eternit / May 25 Dadex Eternit Limited(DADX)	89.70 ▲ 6.25 (7.49%)
Octopus Digital / May 25 Octopus Digital Limited(OCTOPUS)	62.54 ▲ 4.36 (7.49%)
Shahtaj Textile / May 25 Shahtaj Textile Limited(STJT)	87.07 ▲ 6.07 (7.49%)

Stock	Price
Service Textile / May 25 Service Industries Textiles Limited(SERT)	9.06 ▲ -0.94 (-9.40%)
Huffaz Seamless / May 25 Huffaz Seamless Pipe Industries Limited(HSPI)	11.21 ▲ -0.97 (-7.96%)
Nagina Cot. / May 25 Nagina Cotton Mills Limited(NAGC)	89.63 ▲ -7.26 (-7.49%)
Sapphire Fib. / May 25 Sapphire Fibres Limited(SFL)	1011.01 ▲ -81.78 (-7.48%)
Pak Agro Pack. / May 25 Pak Agro Packaging Limited(GEMPAPL)	12.44 ▲ -1.00 (-7.44%)
Supernet Ltd. / May 25 Supernet Limited(GEMSPNL)	18.70 ▲ -1.50 (-7.43%)
Saif Textile / May 25 Saif Textile Mills Limited(SAIF)	21.29 ▲ -1.71 (-7.43%)
AL-Noor Sugar / May 25 Al-Noor Sugar Mills Limited(ALNRS)	48.20 ▲ -3.81 (-7.33%)
Dawood Lawrencepur / May 25 Dawood Lawrencepur Limited(DLL)	177.52 ▲ -13.43 (-7.03%)
Prosperity Weav / May 25 Prosperity Weaving Mills Limited(PRWM)	45.56 ▲ -3.44 (-7.02%)

Stock	Volume
Pak Refinery / May 25 Pakistan Refinery Limited(PRL)	21,151,676 ▼ 0.00
K-Electric Ltd. / May 25 K-Electric Limited(KEL)	15,051,000 ▼ 0.00
WorldCall Telecom / May 25 Worldcall Telecom Limited(WTL)	13,309,000 ▼ 0.00
Cnergyico PK / May 25 Cnergyico PK Limited(CNERGY)	12,718,144 ▼ 0.00
Ghani Glo Hol / May 25 Ghani Global Holdings Limited(GGL)	10,937,015 ▼ 0.00
Unity Foods Ltd / May 25 Unity Foods Limited(UNITY)	9,745,582 ▼ 0.00
TPL Properties / May 25 TPL Properties Limited(TPLP)	9,184,148 ▼ 0.00
Maple Leaf / May 25 Maple Leaf Cement Factory Limited(MLCF)	7,446,984 ▼ 0.00
Silk Bank Ltd / May 25 Silkbank Limited(SILK)	6,492,000 ▼ 0.00
Telecard Limited / May 25 Telecard Limited(TELE)	6,382,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 24	201.30
USD PKR Interbank Buying / May 24	201.10
USD to Japanese Yen / May 24	126.88
USD to Swiss Franc / May 24	0.96
Pound Sterling to USD / May 24	1.25
Euro to USD / May 24	1.07
UK LIBOR % / May 24	0.82

Stock	Volume
S&P 500 / May 24	3941.48
India Sensex / May 24	54052.61
Tokyo Nikkei / May 24	26748.14
Nasdaq / May 24	11264.45
Hang Seng / May 24	20112.10
FTSE 100 / May 24	7484.35
Dow Jones / May 24	31928.62
Germany DAX 30 / May 24	13919.75
France CAC40 / May 24	6253.14

Item	Value
Crude Oil USD/Barrel / May 24	110.54
Karachi Cotton PKR/37.32 KG / May 24	21180.00
Gold 10 Grams PKR / May 24	118500.00
Gold Spot USD/Ounce / May 24	1866.30
Cotton US¢/pound / May 24	123.78

Fitch Ratings

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