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forex market

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

Markets

South Africa's rand firmer on improving economy, global yield hunt

Crucially, it was the first time since early January the unit broke below the 14.50 technical resistance mark seen as a buy-target by traders.
"This is not going to change until we either get a diabolical budget from Mboweni (unlikely) or there is a global black swan event which throws us a curve ball."

Published 15 Feb, 2021 09:16pm

Markets

US dollar rallies as risk appetite ebbs; bitcoin pulls back

Dollar gains after days of losses this week.
Bitcoin falls, but set for 20% weekly rise.
Traders reassess pace of US recovery on weak jobs data.
Euro, commodity currencies tick lower.

Published 12 Feb, 2021 08:45pm

Markets

Nigerian naira eases 1.75pc on spot market to 410.50 per dollar

The naira, which has been weakening on the over-the-counter spot and derivatives markets, dropped to a low of 403.29 naira on Thursday after reaching record intra-day lows since January.
The central bank did not agree with the need for additional exchange rate adjustment.

Published 12 Feb, 2021 06:05pm

Markets

Canadian dollar holds on to Friday's rally as oil climbs

Loonie trades in a range of 1.2751 to 1.2783.
Price of US oil increases 1.1%.
Canada's 10-year yield touches an 11-month high at 1.026%.

Published 08 Feb, 2021 09:33pm

Markets

Sterling slips versus dollar; speculators' net long position increases

"Sterling is benefiting mostly from the vaccine race - it's really the main differentiator," said Ned Rumpeltin, head of European currency strategy at TD Securities.
The pound was down around 0.4% against a stronger dollar at $1.3686.

Published 08 Feb, 2021 07:13pm

Markets

Rouble hits over 2-week high as rising oil prices outweigh sanction risks

The rouble spearheaded an emerging market rally, with stocks trading near record highs on optimism over a global economic recovery thanks to steady vaccine rollouts.
The rouble was 0.3% stronger against the dollar at 74.42, its highest since Jan. 22.

Published 08 Feb, 2021 04:52pm

Markets

C$ recoups weekly decline as oil rally offsets job losses

Canadian dollar strengthens 0.3% against greenback.
Canada sheds 212,800 jobs in January.
Price of US oil rises 1.7%.
Canada's 10-year yield touches 11-month high at 1.018%.

Published 05 Feb, 2021 08:36pm

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Co / Feb 6 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.82 ▲ 0.16 (24.24%)
HBL Invest Fund / Feb 6 HBL Investment Fund(HIFA)	1.99 ▲ 0.34 (20.61%)
Oilboy Energy / Feb 6 Oilboy Energy Limited(OBOY)	7 ▲ 1.00 (16.67%)
Pak Gen.Ins. / Feb 6 The Pakistan General Insurance Co. Ltd.(PKGI)	5.65 ▲ 0.67 (13.45%)
P.I.A.C.(A) / Feb 6 Pakistan International Airlines Corp(PIAA)	4.10 ▲ 0.36 (9.63%)
Sui South Gas / Feb 6 Sui Southern Gas Company Limited(SSGC)	11.44 ▲ 0.99 (9.47%)
MetaTech. / Feb 6 MetaTech Health Limited(META)	7.14 ▲ 0.60 (9.17%)
Orient Rental / Feb 6 Orient Rental Mod(ORM)	6.55 ▲ 0.50 (8.26%)
Chashma / Feb 6 Chashma Sugar Mills Limited(CHAS)	64.68 ▲ 4.51 (7.50%)
Din Tex. / Feb 6 Din Textile Mills Limited(DINT)	102.63 ▲ 7.16 (7.50%)

Stock	Price
First Elite Cap.Mod / Feb 6 First Elite Capital Modaraba(FECM)	3 ▲ -0.32 (-9.64%)
Pak Gulf Leasing / Feb 6 Pak-Gulf Leasing Company Limited(PGLC)	6.03 ▲ -0.52 (-7.94%)
Shahtaj Sugar / Feb 6 Shahtaj Sugar Mills Limited(SHJS)	45.53 ▲ -3.69 (-7.50%)
AL-Noor Sugar / Feb 6 Al-Noor Sugar Mills Limited(ALNRS)	57.35 ▲ -4.64 (-7.49%)
Crescent Fib. / Feb 6 Crescent Fibres Limited(CFL)	52.73 ▲ -4.27 (-7.49%)
MCB-ARIF Habib / Feb 6 MCB-Arif Habib Savings and Invest(MCBAH)	21.97 ▲ -1.78 (-7.49%)
Sunrays Textile / Feb 6 Sunrays Textile Mills Limited(SUTM)	137.74 ▲ -11.16 (-7.49%)
Pak Leather / Feb 6 Pak Leather Crafts Limited(PAKL)	18.21 ▲ -1.47 (-7.47%)
Quetta Textile / Feb 6 Quetta Textile Mills Limited(QUET)	14.36 ▲ -1.16 (-7.47%)
Ellcot Spinning / Feb 6 Ellcot Spinning Mills Limited(ELSM)	121 ▲ -8.98 (-6.91%)

Stock	Volume
Pak Petroleum / Feb 6 Pakistan Petroleum Limited(PPL)	21,823,478 ▼ 5.59
Sui North Gas / Feb 6 Sui Northern Gas Pipelines Limited(SNGP)	13,436,569 ▼ 3.03
Oil & Gas Dev. / Feb 6 Oil & Gas Development Company Limited(OGDC)	10,544,849 ▼ 6.44
K-Electric Ltd. / Feb 6 K-Electric Limited(KEL)	8,976,715 ▼ 0.10
Hub Power Co. / Feb 6 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.97
Sui South Gas / Feb 6 Sui Southern Gas Company Limited(SSGC)	7,743,500 ▼ 0.99
Cnergyico PK / Feb 6 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.06
WorldCall Telecom / Feb 6 Worldcall Telecom Limited(WTL)	5,875,506 ▼ 0.02
Dewan Motors / Feb 6 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.17
P.T.C.L. / Feb 6 Pakistan Telecommunication Company Ltd(PTC)	5,530,500 ▼ 0.39

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