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Fitch Ratings

Fitch upgrades Oman to BB+ on improved public finances

DUBAI: Fitch Ratings upgraded Oman’s credit rating to BB+ on Monday from BB, on the back of a decline in the Gulf...

Published 25 Sep, 2023 08:06pm

Markets

US credit downgrade ‘entirely unwarranted’: Yellen

MCLEAN: A US credit downgrade by Fitch was “entirely unwarranted,” Treasury Secretary Janet Yellen said Wednesday,...

Updated 03 Aug, 2023 02:47pm

Markets

Oil rises as Saudi Arabia extends cuts again

LONDON: Oil prices jumped on Thursday after Saudi Arabia extended its voluntary one million barrel per day output...

Updated 03 Aug, 2023 09:31pm

Business & Finance

Fitch cuts US credit rating to AA+

WASHINGTON: Rating agency Fitch on Tuesday downgraded the US government’s top credit rating, a move that drew an...

Published 03 Aug, 2023 05:54am

Business & Finance

Fitch upgrades Wapda’s rating

ISLAMABAD: Fitch Ratings has upgraded Pakistan Water and Power Development Authority’s Long-Term Foreign-Currency...

Updated 20 Jul, 2023 08:39am

Markets

Saudi Arabia’s $2bn: KSE-100 rallies to over 45,000 for the first time since April 2022

Volumes soar as KSE-100 ends with another 1.28% gain on Tuesday

Updated 11 Jul, 2023 05:40pm

Fitch upgrades rating on improved external liquidity

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

Updated 11 Jul, 2023 09:02am

Markets

Fitch upgrades Pakistan to ‘CCC’ after IMF deal

Long-Term Foreign-Currency Issuer Default Rating (IDR) improved due to 'Pakistan's improved external liquidity and funding conditions following staff-level agreement'

Updated 10 Jul, 2023 06:41pm

Markets

Fitch does not ‘expect large further devaluation of Pakistani rupee’: report

Cash-strapped Pakistan is unlikely to devalue its currency again as pressure on the rupee has eased, Fitch Ratings,...

Updated 10 Jun, 2023 07:35pm

Opinion

Govt on course to wind things up

A politician looks up to the next election while a statesman’s vision extends beyond the welfare of the next two...

Updated 13 May, 2023 06:25am

Business & Finance

May-June period: Country faces $3.7bn debt repayments: Fitch

WASHINGTON: As the government struggles to secure a bailout from the International Monetary Fund (IMF), Fitch ...

Published 06 May, 2023 06:23am

Business & Finance

Fitch says contagion risks loom over two Adani entities

Ratings agency Fitch said two Adani Group subsidiaries are exposed to “heightened contagion risks”, possibly...

Published 29 Mar, 2023 12:02pm

Business & Finance

Indian corporates likely to see 10%-12% capex growth in FY24: Fitch

MUMBAI: The rising capital expenditure (capex) trend of Indian corporates is likely to continue and grow at 10%-12%...

Published 28 Mar, 2023 03:15pm

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

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▼ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▼ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▼ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▲ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▲ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▲ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Dec 10 K-Electric Limited(KEL)	342,535,258 ▲ 0.00
WorldCall Telecom / Dec 10 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.00
P.T.C.L. / Dec 10 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.00
Kohinoor Spining / Dec 10 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.00
Fauji Foods Ltd / Dec 10 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.00
Cnergyico PK / Dec 10 Cnergyico PK Limited(CNERGY)	46,684,647 ▲ 0.00
B.O.Punjab / Dec 10 The Bank of Punjab(BOP)	32,876,325 ▲ 0.00
Pak Elektron / Dec 10 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.00
Hascol Petrol / Dec 10 Hascol Petroleum Limited(HASCOL)	27,935,500 ▲ 0.00
Pak Int.Bulk / Dec 10 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

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