Trends - foreign exchange market

foreign exchange market

China moves to support yuan

SHANGHAI/BEIJING: China’s major state-owned banks moved to support the yuan on Monday, tightening liquidity in the...

Published 23 Jan, 2024 05:14am

Editorials

SBP report: the truth, but not the whole truth?

EDITORIAL: The Governor State Bank of Pakistan (SBP) as Chairman of the Board of Directors, submitted the annual...

Published 02 Jan, 2024 05:21am

Editorials

Sensitive price index: roiling resurgence?

EDITORIAL: The Sensitive Price Index (SPI) for the week ending 7 December 2023 against the week ending 30 November...

Published 13 Dec, 2023 05:33am

Editorials

The bigger picture of weaknesses in economy

EDITORIAL: The World Bank’s regional vice president for South Asia, Martin Raiser, while addressing an event...

Published 05 Dec, 2023 03:01am

Business & Finance

India central bank bought net $4.36bn in spot forex market in November

MUMBAI: The Reserve Bank of India (RBI) bought a net of $4.36 billion in the spot foreign exchange market in...

Published 19 Jan, 2023 06:36pm

HS Code Chapters 84, 85 and certain items of Chapter 87: SBP withdraws curbs on import permission

KARACHI: The State Bank of Pakistan (SBP) Tuesday announced withdrawal of restrictions on prior permission before...

Updated 28 Dec, 2022 08:47am

Markets

Japan intervened, buying yen in foreign exchange market Friday

TOKYO: Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the...

Published 22 Oct, 2022 02:09pm

Business & Finance

Yen surges after Japan intervenes with first support since 1998

NEW YORK: The Japanese yen jumped across the board on Thursday after monetary authorities intervened in the foreign...

Published 23 Sep, 2022 05:50am

Editorials

IMF gets on board at last

EDITORIAL: The International Monetary Fund (IMF) Resident Representative to Pakistan after witnessing the ...

Published 21 Sep, 2022 05:57am

Business & Finance

India central bank sold net $19.05bn in spot forex market in July

MUMBAI: The Reserve Bank of India sold a net $19.05 billion in the spot foreign exchange market in July, it said in...

Published 16 Sep, 2022 07:35pm

Business & Finance

Ukraine central bank sold $2.1bn so far in 2022 to stabilize hryvnia rate

KYIV: Ukraine's National Bank said on Wednesday it had sold $2.1 billion so far in 2022 to stabilize the hryvnia...

Published 23 Feb, 2022 11:23pm

Business & Finance

Turkey has burst its forex bubble with latest measures: Erdogan

ISTANBUL: Turkey’s President Tayyip Erdogan said on Friday the government had burst a bubble in the foreign...

Published 25 Dec, 2021 05:02am

World

Turkey has burst its forex bubble with latest measures, Erdogan says

ISTANBUL: Turkey's President Tayyip Erdogan said on Friday the government had burst a bubble in the foreign exchange...

Published 24 Dec, 2021 06:19pm

Opinion

GDP components that need a visit

Pakistani administration after administration has implemented almost identical policies to incentivize two ...

Published 15 Nov, 2021 04:55am

Business & Finance

Workers’ remittances continue to post strong growth

KARACHI: Workers’ remittances continued their strong growth and rose by 27 percent during the second month of this...

Updated 11 Sep, 2021 10:09am

$2.7bn remittances arrive in July

KARACHI: With $2.7 billion inflows, workers' remittances maintained strong trend in the first month of this fiscal...

Published 11 Aug, 2021 04:57am

Business & Finance

Inflows of home remittances amount to $2.5bn in May

KARACHI: Workers' remittances continued their exceptional streak in May 2021 and were remained above $2 billion ...

Published 11 Jun, 2021 03:41am

BR Research

PSX & the frenzy of “blue-eyed” stocks

Covid has turned the tables in the international financial markets. The liquidity pumped into the system is...

Published 30 Mar, 2021 07:25am

Markets

Brazil's real eyes longest losing streak since October

Real slides for fifth straight session.
Oil jump boosts Mexico, Colombia FX.
Colombia c.bank seen holding rates.

Published 26 Mar, 2021 09:36pm

Markets

Brazil central bank intervenes in FX, sells $1bn as real slides further

Tuesday's $1 billion sale, taking central bank intervention since Thursday to over $4 billion, came as pressure on Brazilian assets intensified after President Jair Bolsonaro eliminated certain fuel taxes and increased a tax on banks.
There's a (market) crisis of confidence in the government, and we have negative rates.

Published 02 Mar, 2021 08:06pm

Markets

Dollar extends decline as risk appetite favors equities

The US dollar has been weighed down by a string of soft labor market data, even as President Joe Biden's proposed $1.9 trillion spending package takes shape.
What the foreign exchange market is looking at in the short term, is the dollar is going to be weak despite progress in the economy because this country has a huge deficit problem.

Published 19 Feb, 2021 08:36pm

Business & Finance

Taiwan punishes foreign banks in speculation case

The Taiwan dollar is at a more than 23-year-high against the greenback as the island's trade-dependent economy booms on the back of global demand for its tech products.
The suspension will be a year or more for the most serious cases, the sources said, without saying the length of time being applied to each bank.

Published 05 Feb, 2021 07:42pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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