Trends - Fitch - Business Recorder

Fitch

Rupee sustains losses, settles at 268.83 against US dollar

Depreciates 0.35% in inter-bank market on Wednesday

Updated 01 Feb, 2023 06:35pm

Fitch says PKR to further weaken

ISLAMABAD: The Pakistani rupee is expected to weaken further, particularly with the country’s balance of payments...

Updated 01 Feb, 2023 11:30am

Editorials

The moment of reckoning is upon us

EDITORIAL: The National Security Committee meeting had a two-point agenda: the state of the economy and the rise in...

Updated 05 Jan, 2023 06:40am

Opinion

Deutsche Bank’s rollercoaster ride towards more stability

In 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on...

Published 17 Dec, 2022 05:58am

Markets

Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’

Fitch on Thursday downgraded Sri Lanka’s Long-Term local-currency debt rating by two notches to “CC” from “CCC”,...

Published 01 Dec, 2022 09:03pm

Opinion

Doesn’t matter who is/becomes FM

SBP’s (State Bank of Pakistan’s) surprise 100 basis point increase in its key policy rate (to a 24-year high of...

Updated 01 Dec, 2022 06:07am

Opinion

The optimism of SBP

The recent statement by the Monetary Policy Committee of the SBP (State Bank of Pakistan) has certainly provided...

Published 01 Nov, 2022 05:55am

Opinion

Pakistan’s exports in the doldrums

Subsidies such as those relating to power tariffs have been the lifelines of our export industry, notably the ...

Published 29 Oct, 2022 05:55am

Editorials

Govt borrowing rises

EDITORIAL: The federal government borrowed 608.5 billion rupees from banks during the first 105 days of the current...

Published 27 Oct, 2022 05:54am

Opinion

Foreign inflows at a low ebb

International perceptions of the declining credit worthiness of Pakistan have been augmented by the downgrading of...

Published 25 Oct, 2022 05:51am

Opinion

Has Ishaq Dar lost his magic?

Statesmanship demands maintaining a delicate balance between economy and politics. Unfortunately, the scales world...

Published 24 Oct, 2022 05:45am

Business & Finance

India govt ‘in no hurry’ on medium-term inflation target

NEW DELHI: India’s government is in no hurry to push inflation - now hovering near 7% and eight-year highs - back to...

Published 21 Sep, 2022 11:38am

World

S&P, Fitch cut Ukraine’s credit rating

WASHINGTON: Rating agencies S&P and Fitch again lowered Ukraine’s credit rating Friday, deeming that the...

Published 13 Aug, 2022 10:05am

Outlook downgrade: S&P follows in the footsteps of Fitch, Moody’s

ISLAMABAD: S&P Global Ratings (previously Standard and Poor’s) revised the outlook on Pakistan’s long-term...

Updated 29 Jul, 2022 09:08am

Opinion

Default risk at hand

Around end of March, in a World Bank published article ‘Are we ready for the coming spate of debt crises’ it was...

Published 22 Jul, 2022 06:07am

Business & Finance

Rupee’s devaluation, economic crisis worries KATI chief

KARACHI: President Korangi Association of Trade and Industry (KATI), Salman Aslam expressed concern over rupee fall,...

Published 22 Jul, 2022 06:07am

Opinion

IMF programme needs to be protected

This is apropos a Business Recorder news item “Miftah gives a detailed account: How country saved itself from...

Updated 20 Jul, 2022 06:08am

Editorials

IMF, Moody’s, Fitch: dire warnings

EDITORIAL: Moody’s report on Pakistan refers to the continuing protracted negotiations with the International...

Published 20 Jul, 2022 05:48am

Business & Finance

Govt can’t afford to let value of PKR sink further: PBF

Says that if dollar is not controlled, prices of petrol and electricity will increase to unimaginable levels

Updated 20 Jul, 2022 09:55am

Fitch, too, revises outlook to negative

Affirms Pakistan's long-term foreign-currency (LTFC) issuer default rating (IDR) at “B-”

Updated 20 Jul, 2022 09:18am

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

Moody’s to shut Moscow office

LONDON: Credit rating firm Moody’s will formally shut its office in Russia’s capital Moscow at the end of the...

Published 21 Jun, 2022 05:51am

Markets

Ratings firm Moody’s to shut Moscow office at end of month

LONDON: Credit rating firm Moody’s will formally shut its office in Russia’s capital Moscow at the end of the month,...

Published 20 Jun, 2022 09:29pm

Markets

Egypt bourse outperforms regional peers; Qatar eases

DUBAI: Most stock markets in the Middle East ended higher on Thursday, with Egypt’s blue-chip index outperforming...

Published 29 Apr, 2022 05:43am

Markets

Saudi bourse extends gains; Qatar falls on profit-taking

DUBAI: Saudi Arabia’s stock market rose on Sunday, in response to higher crude oil prices late last week, while ...

Published 18 Apr, 2022 06:51am

Business & Finance

Fitch downgrades Russia oil, gas firms on default risk

PARIS: Credit rater Fitch Saturday downgraded 28 Russian natural resources companies including state gas giant...

Published 12 Mar, 2022 09:27pm

World

Russia’s war in Ukraine: Latest developments

KYIV: Here are the latest developments in Russia’s war in Ukraine: US cool on Polish jets for Ukraine Poland is...

Published 09 Mar, 2022 11:29am

Business & Finance

Fitch, Moody's slash Russia's sovereign rating to junk

Ratings agencies Fitch and Moody's downgraded Russia by six notches to "junk" status, saying Western sanctions threw...

Published 03 Mar, 2022 11:50am

S&P, Fitch downgrade Ukraine debt over crisis

WASHINGTON: S&P Global Ratings downgraded Ukraine’s long-term debt rating on Saturday, hours after a similar...

Published 27 Feb, 2022 06:39am

World

S&P, Fitch downgrade Ukraine debt over crisis

WASHINGTON: S&P Global Ratings downgraded Ukraine's long-term debt rating on Saturday, hours after a similar ...

Published 26 Feb, 2022 04:58pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.64
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.07

Stock	Volume
S&P 500 / Apr 19	4967.23
India Sensex / Apr 19	73088.33
Tokyo Nikkei / Apr 19	37068.35
Nasdaq / Apr 19	15282.01
Hang Seng / Apr 19	16224.14
FTSE 100 / Apr 19	7895.85
Dow Jones / Apr 19	37986.40
Germany DAX 30 / Apr 19	17737.36

Item	Value
Crude Oil USD/Barrel / Apr 19	83.14
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 19	214935
Gold Spot USD/Ounce / Apr 19	2391.93
Cotton US¢/pound / Apr 19	81.02
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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