Trends - Fitch Ratings - Business Recorder

Fitch Ratings

Fitch further downgrades long-term foreign currency IDR to ‘CCC-’

ISLAMABAD: Fitch Ratings has downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC-”,...

Updated 15 Feb, 2023 09:04am

Pakistan

Fitch Ratings downgrades Pakistan’s foreign-currency IDR to ‘CCC-’

Says default or debt restructuring is an increasingly real possibility

Updated 14 Feb, 2023 07:39pm

Business & Finance

Fitch says no immediate impact on Adani ratings after Hindenburg report

Ratings agency Fitch said on Friday it saw no immediate impact on its ratings of Adani Group entities and their...

Published 03 Feb, 2023 02:01pm

World

India to see challenges in meeting fiscal glide path: Fitch analyst

MUMBAI: India’s outlined fiscal deficit target of 4.5% of GDP for 2025-26 will be challenging to achieve, an analyst...

Published 01 Feb, 2023 04:58pm

World

Fitch affirms India at ‘BBB-’ with stable outlook

NEW DELHI: Fitch Ratings on Tuesday affirmed India’s ratings at ‘BBB-’ with a stable outlook. Fitch said it expects...

Published 20 Dec, 2022 08:47pm

Markets

Indian banks’ loan growth to accelerate despite higher interest rates

BENGALURU: Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest...

Published 28 Nov, 2022 01:21pm

Fitch cuts long-term forex IDR to ‘CCC+’

ISLAMABAD: Fitch Ratings has downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to...

Updated 22 Oct, 2022 09:46am

Pakistan

Fitch downgrades Pakistan’s issuer default rating to 'CCC+' from ‘B-’

Flags worsening liquidity and policy risks

Updated 21 Oct, 2022 06:51pm

Opinion

Goldman Sachs’ consumer pivot solves one question, but makeover raises more

Goldman Sachs Group Inc’s strategy pivot has solved one problem for investors who didn’t love its foray into...

Published 20 Oct, 2022 05:36am

Markets

Oil eases as recession fears offset tight supply prospects

NEW YORK: Oil prices fell by about 1% on Monday as investors weighed economic storm clouds that could foreshadow a...

Published 11 Oct, 2022 05:54am

Pakistan

S&P downgrades outlook on Pakistan's long-term ratings to negative

Says revision reflects Pakistan's weakening external metrics against a backdrop of higher commodity prices, tighter global financial conditions, and a weakening rupee

Updated 28 Jul, 2022 07:56pm

Pakistan

Moody's, Fitch expect Pakistan to secure $1.2bn IMF bailout package

Fitch, however, cautions Pakistan’s ability to complete the current programme and maintain a credible policy path that supports further financing remains highly uncertain

Updated 27 Jul, 2022 03:38pm

Markets

PKR loses 7.6pc

KARACHI: The rupee lost 7.6 percent to the US dollar during the previous week, more than what businesses tend to ...

Published 25 Jul, 2022 06:12am

Markets

Bloodbath: KSE-100 closes with 978-point fall as Fitch's downgrade dents sentiment

Index finishes below 40,400 level amid political uncertainty

Updated 19 Jul, 2022 05:29pm

Markets

Hammered by US dollar, rupee closes at record low of 221.99

Falls Rs6.79 or 3.06% in inter-bank market on Tuesday

Updated 19 Jul, 2022 05:51pm

Pakistan

Fitch downgrades Pakistan’s outlook to negative, sees 'considerable risks' to IMF programme

Renewed political volatility could undermine authorities' fiscal and external adjustment, it says

Updated 19 Jul, 2022 03:34pm

Business & Finance

Fitch raises India outlook to 'stable', maintains rating

Fitch Ratings raised its outlook for India's long-term foreign currency Issuer Default Rating (IDR) to "stable" from...

Published 10 Jun, 2022 12:22pm

Business & Finance

Islamic finance industry likely to continue growing, says Fitch

ISLAMABAD: The Islamic finance industry in Pakistan is expected to continue its growth trajectory over the medium...

Published 09 Jun, 2022 06:18am

Business & Finance

Fitch sees Islamic banking getting major boost in Pakistan

Says if Federal Shariat Court orders are implemented effectively, the Islamic finance industry could receive a big boost in the medium term

Updated 08 Jun, 2022 05:32pm

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

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 24 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 24 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 24 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 24 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 24 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 24 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 24 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 24 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 24 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 24 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 24 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 24 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 24 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 24 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 24 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 24 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 24 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 24 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 24 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 24 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 24 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 24 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 24 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 24 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 24 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 24 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 24 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 24 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 24 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.13
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.23
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 23	3948.72
Nasdaq / Mar 23	11787.40
Dow Jones / Mar 23	32105.25
India Sensex / Mar 24	57895.48
Tokyo Nikkei / Mar 24	27326.43
Hang Seng / Mar 24	19970.42
FTSE 100 / Mar 24	7408.41
Germany DAX 30 / Mar 24	15034.97
France CAC40 / Mar 24	7056.60

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.79
Gold Spot USD/Ounce / Mar 24	1989.92
Cotton US¢/pound / Mar 24	77.60

Fitch Ratings

Most Popular Articles