Trends - forex market - Business Recorder

forex market

The untamed frontier of foreign exchange

A stable and predictable forex market is a beacon for foreign investors. Their confidence fuels economic growth,...

Updated 29 Oct, 2023 04:00am

Markets

Pakistan’s central bank reserves fall $220mn, now stand at $7.5bn

Total liquid foreign reserves held by country stand at $12.6 billion

Updated 26 Oct, 2023 10:43pm

Business & Finance

Forex market needs continuity of reforms: Azfar Ahsan

KARACHI: “To stabilize the rupee, the government needs to bring reforms and address the existing deficiencies in...

Published 21 Oct, 2023 06:05am

Markets

Open-market: after opening lower, rupee closes marginally stronger against US dollar

After weakening in the early part of the day, the Pakistani rupee closed slightly stronger against the US dollar in...

Updated 19 Sep, 2023 06:28pm

BR Research

FDI in 2MFY24

Foreign direct investment in the country has been falling continuously; it diminished by 25 percent year-on-year to...

Published 19 Sep, 2023 08:51am

Markets

Pakistan’s central bank reserves decrease another $140mn, now stand at $7.64bn

Dollar stockpile with State Bank of Pakistan falls for 4th straight week
Decrease attributed to debt repayment

Published 14 Sep, 2023 09:12pm

Editorials

Forex market has lost its moorings?

EDITORIAL: There was too much chaos in multiple forex markets in the last few days and weeks. It all started with ...

Published 08 Sep, 2023 06:01am

Markets

SBP-held foreign exchange reserves decline $278mn to $8.35bn

Central bank says decrease due to external debt repayments

Published 22 Sep, 2022 08:15pm

Opinion

FY2022-23: Balance of payments

The continuing turmoil in the forex market is a bewildering experience with no parallel in the country’s history....

Published 21 Sep, 2022 05:57am

Opinion

A drifting economy

It is quite distressful to see the nascent economic recovery ceding way to the same uncertainty and drift that...

Published 01 Sep, 2022 05:50am

Business & Finance

Forex matters: SBP constitutes body, appoints officer to liaise with FPCCI

KARACHI: Dr Murtaza Syed, Governor (Acting) State Bank of Pakistan (SBP) Wednesday announced setting up of a...

Updated 04 Aug, 2022 10:32am

Business & Finance

BMP assails govt for not keeping check on Forex market

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has denounced the...

Published 29 Jul, 2022 06:14am

PKR slide: govt feels so helpless because there’s IMF condition

Political uncertainty has been taking toll on local currency

Updated 28 Jul, 2022 11:21am

Opinion

Forex market turmoil and possibility of default

On 18th July 22, the country witnessed an unprecedented turmoil in the forex market. Dashing all expectations of...

Published 27 Jul, 2022 05:23am

Business & Finance

Turkish lira hits weakest level since mid-December

ISTANBUL: The Turkish lira slipped 0.8% on Monday and broke beyond 15 to the dollar for the first time since ...

Published 10 May, 2022 05:10am

Business & Finance

Lira at December lows

ISTANBUL: The Turkish lira slid for an eighth consecutive session on Thursday on concerns about the impact of the...

Published 11 Mar, 2022 05:12am

Markets

Pakistan rupee falls to historic low against US dollar

High oil prices have kept Pakistan’s currency on the back foot, which dropped to its lowest level in the inter-bank market on Tuesday

Updated 08 Mar, 2022 10:01pm

Markets

Dollar buoyant as economic outlook brightens, doubts surround euro

Dollar holds gains against major currencies
Rises to highest vs. Japanese yen since June
Full data calendar awaits traders later in day

Updated 26 Mar, 2021 05:13pm

Markets

Dollar edges back from four-month high as UK, EU PMIs calm nerves

Euro zone business activity unexpectedly grew this month, a preliminary survey showed, but with much of Europe suffering a third wave of coronavirus infections and renewed lockdown measures, that may not last through April.
The PMI saw the dollar index pull back from a four-month high of 92.608 hit in early London trade, trading at the 92.454 mark around midday.

Published 24 Mar, 2021 08:23pm

Markets

Dollar dominates as hedge funds cut shorts on Treasury yield rise

Turkey's shock weekend decision to replace its hawkish central bank governor also supported the dollar's safe-haven appeal.
Markets have been slow to catch on to the rising dollar theme in recent weeks as investors had bet that a global economic recovery would prompt buying of riskier currencies.

Updated 22 Mar, 2021 06:29pm

Markets

Sterling takes hit as euro zone countries suspend AstraZeneca vaccine

Sterling fell 0.3% versus the dollar to $1.3853 at 1118 GMT, after hitting a one-week low of $1.3809 in earlier trading
Against the euro, it was 0.4% lower at 86.21 pence, having touched at 0926 GMT its lowest level of 86.40 pence since March 5.

Updated 16 Mar, 2021 10:02pm

Markets

Dollar perched at 3-1/2 month highs on firmer US yields

After falling 4% in the last quarter of 2020, the dollar has strengthened by nearly 2.5% year-to-date as investors expect the broad rise in US bond yields to weigh on stretched equity valuations and boost demand for the US currency.
The dollar index stood at 92.30 against a basket of six major currencies, up 0.4%, its highest level since late-November.

Published 08 Mar, 2021 06:27pm

Markets

Loonie adds to week's gains as Canadian exports jump

Canadian dollar rises 0.1% against the greenback.
Canada posts a trade surplus of C$1.4 billion in January.
Price of US oil increases 2.7%.
Canada's 10-year yield touches a 13-month high at 1.544%.

Published 05 Mar, 2021 08:47pm

Markets

South Africa's rand edges up, focus on Powell's speech

With a light local data calendar this week, the rand's movements have been mainly driven by offshore events.
Policymakers are generally keeping to the sidelines but markets will be intrigued by comments from the Fed chairman at the WSJ webinar tonight.

Updated 04 Mar, 2021 09:53pm

Markets

Dollar index higher, Aussie gains on better risk sentiment

If you do see volatility the natural inclination is to take risk off the table, in this case it just basically means getting out of existing positions and the dollar shorts are extremely elevated at this point.
Short US dollar positions were last at $29.33 billion, according to data by the Commodity Futures Trading Commission.

Published 02 Mar, 2021 09:33pm

Markets

Canadian dollar adds to Monday's rally as economy grows

Canadian dollar gains 0.1% against the greenback.
Economy grows annualized 9.6% in fourth quarter.
Price of US oil increases 0.9%.
Canadian bond yields rise across a steeper curve.

Published 02 Mar, 2021 07:59pm

Markets

Sterling knocked back by bond rout and inflation fears

After rising above $1.42 for the first time in three years earlier this week, the pound fell to $1.3890.
Versus the euro, the pound fell 0.1% 87.03, after hitting a 10-day low of 87.30 pence in earlier trading..

Published 26 Feb, 2021 07:31pm

Markets

Nigerian, Zambian, Kenyan currencies seen under pressure

The naira is seen easing on the spot market after it fell 0.21% to 410.29 per dollar on Thursday.
The kwacha is likely to face continued pressure against the dollar going into next week due to heightened demand for hard currency amid limited inflows.

Published 25 Feb, 2021 05:51pm

Markets

Sterling rises above $1.40; long positions at one-year high

Sterling reached its highest levels since April 2018 when it crossed $1.40 on Friday. It has risen 2.6% against the dollar in 2021 and its rapid gains have led to talk of a possible correction.
Some 17.6 million people, over a quarter of the 67 million population, have now received a first dose of a COVID-19 vaccine.

Published 22 Feb, 2021 05:47pm

Markets

Sterling climbs to 10-month high vs euro, slips against dollar

Rises to 10-month high vs euro, last up 0.2%.
Slips 0.4% vs dollar.

Published 17 Feb, 2021 09:09pm

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Nov 28 Kohinoor Power Company Limited(KOHP)	4.88 ▲ 1.00 (25.77%)
Saritow Spinning / Nov 28 Saritow Spinning Mills Limited(SSML)	6.90 ▲ 0.90 (15.00%)
Hira Textile / Nov 28 Hira Textile Mills Limited(HIRAT)	2.25 ▲ 0.29 (14.80%)
Service Textile / Nov 28 Service Industries Textiles Limited(SERT)	10.11 ▲ 1.00 (10.98%)
Shaheen Ins. / Nov 28 Shaheen Insurance Company Limited(SHNI)	3.74 ▲ 0.29 (8.41%)
Chakwal Spinning / Nov 28 Chakwal Spinning Mills Limited(CWSM)	2.20 ▲ 0.17 (8.37%)
Premier Insurance / Nov 28 Premier Insurance Limited(PINL)	7.90 ▲ 0.58 (7.92%)
Saif Textile / Nov 28 Saif Textile Mills Limited(SAIF)	12.40 ▲ 0.88 (7.64%)
Calcorp / Nov 28 Calcorp Limited(CASH)	19.91 ▲ 1.39 (7.51%)
Prosperity Weav / Nov 28 Prosperity Weaving Mills Limited(PRWM)	30.64 ▲ 2.14 (7.51%)

Stock	Price
Pak Gulf Leasing / Nov 28 Pak-Gulf Leasing Company Limited(PGLC)	7 ▼ -0.81 (-10.37%)
Pervez Ahmed Co / Nov 28 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.81 ▼ -0.07 (-7.95%)
Samba Bank / Nov 28 Samba Bank Limited(SBL)	7.85 ▼ -0.66 (-7.76%)
Metro Steel / Nov 28 Metropolitan Steel Corporation Limited(MSCL)	24.97 ▼ -2.02 (-7.48%)
Bank of Khyber / Nov 28 The Bank of Khyber(BOK)	11 ▼ -0.80 (-6.78%)
Kohat Textile / Nov 28 Kohat Textile Mills Limited(KOHTM)	20.51 ▼ -1.33 (-6.09%)
Sana Ind / Nov 28 Sana Industries Limited(SNAI)	26.16 ▼ -1.59 (-5.73%)
Punjab Mod / Nov 28 First Punjab Modaraba(FPJM)	1.60 ▼ -0.09 (-5.33%)
HBL Growth Fund / Nov 28 HBL Growth Fund(HGFA)	8.33 ▼ -0.46 (-5.23%)
Indus Dyeing / Nov 28 Indus Dyeing & Manufacturing Co. Limited(IDYM)	158 ▼ -8.65 (-5.19%)

Stock	Volume
Kohinoor Spining / Nov 28 Kohinoor Spinning Mills Limited(KOSM)	109,392,000 ▲ 0.25
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	43,774,330 ▲ 0.08
Treet Corp. (R) / Nov 28 Treet Corporation Limited (R)(TREETR2)	23,616,417 ▼ -0.13
Yousuf Weaving / Nov 28 Yousaf Weaving Mills Limited(YOUW)	22,758,500 ▼ -0.14
Maple Leaf Cement / Nov 28 Maple Leaf Cement Factory Limited(MLCF)	17,865,589 ▼ -0.16
D.G.K.Cement / Nov 28 D.G. Khan Cement Company Limited(DGKC)	15,655,201 ▲ 1.66
Agritech Limited / Nov 28 Agritech Limited(AGL)	15,233,500 ▲ 0.78
Pak Elektron / Nov 28 Pak Elektron Limited(PAEL)	14,205,993 ▼ -0.06
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	13,927,353 ▲ 0.13
P.I.A.C.(A) / Nov 28 Pakistan International Airlines Corp(PIAA)	13,108,000 ▼ -0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	285.85
USD PKR Interbank Buying / Nov 28	285.35
USD to Japanese Yen / Nov 28	148.25
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.26
Euro to USD / Nov 28	1.10
UK LIBOR % / Nov 27	5.46

Stock	Volume
S&P 500 / Nov 27	4550.43
Nasdaq / Nov 27	14241.02
Dow Jones / Nov 27	35333.47
India Sensex / Nov 28	65983.73
Tokyo Nikkei / Nov 28	33370.40
Hang Seng / Nov 28	17485.79
FTSE 100 / Nov 28	7442.27
Germany DAX 30 / Nov 28	15941.55
France CAC40 / Nov 28	7237.40

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17735
Gold 10 Grams PKR / Nov 27	185614
Crude Oil USD/Barrel / Nov 28	74.99
Gold Spot USD/Ounce / Nov 28	2015.58
Cotton US¢/pound / Nov 28	79.06

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