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Fitch

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

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

Fitch downgrades Sri Lanka as default fears mount

COLOMBO: International ratings agency Fitch downgraded cash-strapped Sri Lanka Saturday due to mounting fears of a...

Published 19 Dec, 2021 04:37am

Editorials

Interest-rate policy

EDITORIAL: Rating agency Fitch’s projection that interest rate hike will continue in frontier markets facing...

Published 11 Dec, 2021 04:12am

Markets

Oil down as China developer downgrades add to fears of demand outlook

NEW YORK: Oil prices fell on Thursday on fears about the economic outlook in the world’s biggest oil importer...

Published 10 Dec, 2021 04:29am

Business & Finance

Fitch downgrades Evergrande and subsidiaries Hengda and Tianji

Rating agency Fitch said on Wednesday it had downgraded the long-term foreign-currency issuer default ratings (IDRs)...

Published 29 Sep, 2021 11:49am

World

Afghanistan GDP may slump 20% after Taliban takeover: Fitch Solutions

Basu, head of Asia Country Risk at Fitch Solutions, says foreign grants and aid, a major source of Afghanistan's funding, will dry up significantly this year if not beyond

Updated 20 Aug, 2021 08:21pm

Markets

Brazil's real rises as inflation keeps up rate hike hopes

The Mexican currency was flat. Data on Tuesday showed Mexico swung to a bigger-than-expected trade surplus in April powered by record exports.
Separate data also showed consumer confidence in Brazil rose in May as households looked through the second wave of the pandemic.

Updated 25 May, 2021 09:31pm

Business & Finance

Guarantees: SBP amends R-7 of PR for corporate/commercial banking

KARACHI: The State Bank of Pakistan (SBP) has amended Regulation R-7 of Prudential Regulations for...

Published 25 May, 2021 04:40am

Opinion

Poorest countries will follow a tricky path back to debt markets

Ghana and Pakistan’s return to international debt markets this week, a year after Covid slammed them shut, has ...

Published 02 Apr, 2021 04:58am

Markets

Raw sugar recovers; coffee, cocoa gain

LONDON: Raw sugar futures on ICE recovered on Thursday amid upbeat sentiment in the wider financial markets and ...

Published 02 Apr, 2021 04:58am

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

Editorials

Many faces of the debt trap

EDITORIAL: Fitch and S&P’s downgrade of Ethiopia’s sovereign rating, because it applied for debt relief ...

Published 07 Mar, 2021 04:07am

Markets

Mexico's Pemex says ends contract with Fitch

Fitch did not immediately respond to a request for comment.

Published 03 Mar, 2021 10:29am

Business & Finance

Japan's Toyota, Honda can likely cope with global chip shortage: Fitch

"We believe the shortage should ease or even be resolved in the second half of 2021 as suppliers boost production for automotive clients," Fitch said.

Published 18 Feb, 2021 11:34am

World

Countries taking new G20 debt relief path face Ethiopia-style downgrades: Fitch

LONDON: Rating agency Fitch is likely to downgrade any country that follows Ethiopia and applies to use a new debt...

Published 15 Feb, 2021 04:53am

Business & Finance

Fitch lowers outlook on 11 Kuwaiti banks to negative from stable

The agency said as "a significant proportion of the banking sector funding is related to the government.
Fitch however said Kuwaiti authorities would support the banks if needed and mentioned that the central bank has acted swiftly in the past.

Published 11 Feb, 2021 08:22pm

World

Countries taking new G20 debt relief path face Ethiopia-style downgrades: Fitch

Fitch chopped Ethiopia's credit score by two notches this week after Addis Ababa signalled it could be the first with an international government bond to use a new G20 'Common Framework' plan.
It would be likely that any other countries applying under the G20 Common Framework would be considered along the same lines as Ethiopia.

Updated 11 Feb, 2021 09:28pm

Markets

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

An OPEC member state, Kuwait has been hit hard by lower oil prices and the coronavirus pandemic.
"Without passage of a law permitting new debt issuance, the GRF could run out of liquidity in the coming months without further measures to replenish it" Fitch said.

Published 03 Feb, 2021 07:20pm

Business & Finance

Fitch revises Pakistan’s real growth at 1.1pc amid strong external demand

Fitch states that a very likely rebound in the global economy along with a global vaccine rollout will also bode well for exports which will in turn feed into private consumption through better employment prospects in export related sectors.

Published 01 Feb, 2021 01:47pm

Business & Finance

Fitch revises Deutsche Bank rating outlook to positive from negative

Fitch has had most pessimistic view on Deutsche.
Cites progress on restructuring.
Still sees cost and revenue challenges.

Published 25 Jan, 2021 07:09pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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