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Giuseppe Conte

Jobs fears as Italy eyes end to Covid ban on layoffs

Published 16 Jun, 2021 11:50am

Confindustria, Italy's main employers organisation, has forecast economic growth of around five percent in 2021, a prediction shared by the Bank of Italy.

Italy's former PM Conte accepts task of trying to revive 5-Star Movement

Published 01 Mar, 2021 12:13pm

Nonetheless, he is expected to try to foster a stable alliance with the PD to try to compete with the rightist bloc of parties led by Matteo Salvini's League which currently lead in opinion polls. The next election is due in 2023.

New PM Draghi to unveil plan to rescue Italy from virus crisis

Published 17 Feb, 2021 11:39am

The new premier has enough support without them but the rumblings highlight the fragility of his coalition.

Italy's Draghi holds final round of talks on new govt

Published 08 Feb, 2021 09:38pm

Italy has been without a fully functioning government for almost a month since the centre-left coalition collapsed, forcing Giuseppe Conte to resign as prime minister.

Italy's 5-Star opens slightly to Draghi ahead of government talks

Published 04 Feb, 2021 09:06pm

Draghi starts consultations on forming new government.
Outgoing PM Conte wishes him well.
5-Star needs to be "mature" says party leader.
Berlusconi welcomes Draghi appointment.

European shares rise

Published 04 Feb, 2021 04:13am

MILAN/FRANKFURT: European shares rose on Wednesday as focus remained on a busy day of earnings, with Italian shares...

Crisis-hit Italy turns to former European bank chief Draghi

Published 03 Feb, 2021 05:14pm

Mattarella called in Draghi after Italy's ruling parties failed to agree on a new government following a split last month that forced Giuseppe Conte to resign.

Nearly half of Italians want PM to stay: poll

Published 28 Jan, 2021 09:42pm

Conte was also confirmed as the country's most popular politician, with 52 per cent of respondents expressing confidence in him.

Embattled Italian PM testifies in Salvini migrant case

Published 28 Jan, 2021 09:36pm

Salvini's lawyers say the decision to hold the migrants was not his alone, but reached collectively within the government.

Italy's president opens government talks after PM quits

Published 27 Jan, 2021 05:21pm

The head of state is set to meet the presidents of both parliamentary chambers before talks on Thursday and Friday with party leaders.

Italy PM tenders resignation: president

Published 26 Jan, 2021 08:20pm

Conte is expected to seek a new mandate for what would be his third consecutive government in three years, but this depends on his ability to expand his parliamentary majority.

Matteo Renzi: The 'Wrecker' brings down an Italian government

Published 26 Jan, 2021 07:54pm

Renzi rose to preeminence as a youthful reformer who, earning the nickname "Rottamatore" (the Wrecker), was out to shake up Italy's political establishment.

Italian yields drop as PM Conte looks to form new government

Published 26 Jan, 2021 06:23pm

Conte set to resign in bid to form new government.
German 10-yr yields drop to -0.561% in early trade.
US Treasury yields hit three-week low.
Hurdles to US stimulus plan worry stock markets.

German Bund yields hit two-week lows as Italian PM set to resign

Published 26 Jan, 2021 02:06pm

This closely-watched spread had tightened to below 100 basis points for the first time ever earlier this month.

Italian bond yields drop on talk of new government without election

Published 25 Jan, 2021 09:18pm

Italian bond yields fall after Friday sell-off.
Focus on chance of a new government.
EU hires banks for first SURE bond sale of the year.

Italy's ruling PD lawmakers urge PM Conte to resign and form new govt

Published 25 Jan, 2021 08:49pm

Conte's resignation is the "only way" to convince these wavering parliamentarians to respond to his call.
As things stand, Conte does not have enough support to approve the justice report.

Italy's Conte seeks way out of political mire ahead of Senate vote

Published 25 Jan, 2021 07:13pm

Conte lacks solid majority in upper house Senate.
Efforts to lure centrist senators have had little success.
Key vote on justice system due this week.
Newspapers report Conte plans to resign, govt source denies it.

Italian risk premium highest since November as focus shifts to elections

Updated 22 Jan, 2021 09:04pm

Italian bond yields rise further as politicians cast attention on snap elections.
Risk premium rises to highest since November.
10-year yields set for biggest weekly jump since April.
German yields dip after PMI readings.

European shares surge

Published 21 Jan, 2021 04:23am

MILAN/FRANKFURT: European stocks rose on Wednesday after chip equipment maker ASML and Swiss luxury group Richemont...

Italian bond yields rise after rallying on confidence vote win

Published 20 Jan, 2021 06:35pm

Italian government secures narrow win on confidence vote.
Borrowing costs fall to lowest in over a week, then rise.
Focus on how stable government will remain.

Initial count shows Italy's Conte winning Senate vote to keep fragile govt afloat

Published 20 Jan, 2021 10:29am

Conte overcame a similar confidence motion in the lower house on Monday. Had he lost either vote, he would have had to resign.

Italy's government on course to survive Senate confidence vote

Published 19 Jan, 2021 09:14pm

PM Conte faces do-or-die confidence vote.
Several unaligned senators signal they will not sink govt.
Crisis triggered when party of ex-PM Renzi quit coalition.

Italian PM pleads for Senate support ahead of confidence vote

Published 19 Jan, 2021 08:10pm

Conte is desperately seeking the backing of opposition lawmakers to allow his coalition to stay in power.

European stocks slip

Published 19 Jan, 2021 04:22am

MILAN/FRANKFURT: European stocks inched lower on Monday as French retailer Carrefour tumbled after ending 16.2...

PM urges pro-EU lawmakers to back Italy's fragile govt

Published 18 Jan, 2021 07:19pm

He insisted his coalition with the Democratic Party (PD) and Five Star Movement (M5S), which was formed in September 2019, could carry on without Renzi.

Italy PM to launch bid to save government in parliament

Published 18 Jan, 2021 05:13pm

The real test will come on Tuesday, however, when he addresses the Senate and faces what will effectively be a vote of confidence.

Dollar rises despite drop in yields; data, lockdowns weigh on stocks

Published 16 Jan, 2021 12:49am

Stocks fell but remained close to recent record highs, with investors also digesting the prospect of rising taxes to pay for the plan.

Italy's Conte seeking stray senators to save struggling coalition

Published 15 Jan, 2021 07:08pm

Italia Viva walkout leaves coalition without majority.
Prime minister to face confidence votes in parliament.
Political uncertainty has pushed up borrowing costs.

Italian bond yields dip but set for biggest weekly rise since October

Published 15 Jan, 2021 05:25pm

Italian bond yields dip after Thursday sell-off.
But set for biggest weekly rise since October.
Focus on Monday's vote of confidence.

Italy's Conte to address parliament Monday, followed by confidence vote

Published 14 Jan, 2021 11:44pm

Instead, Conte told head of state Sergio Mattarella on Thursday that he would report to parliament on possible ways out of the situation.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
Dow Jones / Jul 20	51,839.26
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86
FTSE 100 / Jul 21	10,506.59
Germany DAX 30 / Jul 21	24,879.67
France CAC40 / Jul 21	8,348.97

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	2.39 ▲ 0.24 (11.16%)
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Gammon Pak / Jul 21 Gammon Pakistan Limited(GAMON)	21.98 ▲ 2 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Biafo Ind. / Jul 21 Biafo Industries Limited(BIFO)	130.83 ▲ 11.89 (10%)
Dewan Farooque Sp. / Jul 21 Dewan Farooque Spinning Mills Limited(DFSM)	18.15 ▲ 1.65 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)

Stock	Price
United Insurance / Jul 21 The United Insurance Company(UNIC)	12.68 ▼ -1.41 (-10.01%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	414.40 ▼ -46.02 (-10%)
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.05 ▼ -8.78 (-10%)
Shams Textile / Jul 21 Shams Textile Mills Limited(STML)	57.58 ▼ -6.4 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
Pakistan Credit Rating Agency / Jul 21 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36 ▼ -3.62 (-9.14%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	22.90 ▼ -2.21 (-8.8%)
Frontier Ceramics / Jul 21 Frontier Ceramics Limited(FRCL)	98.02 ▼ -7.77 (-7.34%)
Azgard Nine (Non-Voti) / Jul 21 Azgard Nine (Non-Voti)(ANLNV)	7.71 ▼ -0.61 (-7.33%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	263,436,960 ▼ -0.69
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	110,849,016 ▲ 0.24
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	73,851,952 ▲ 0.89
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	58,224,946 ▲ 0
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	26,116,799 ▲ 0.02
TPL Corp Ltd / Jul 21 TPL Corp Limited(TPL)	24,336,000 ▲ 0.97
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	22,413,148 ▲ 0.03
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	20,069,620 ▲ 0.41
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	15,692,784 ▲ 0.14
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	13,608,067 ▼ -2.01

Giuseppe Conte

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