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Market expectations of Fed cuts ‘overdone’, volatility to jump in ‘24: BlackRock

NEW YORK: Global markets will be swayed by greater volatility in 2024 as the Federal Reserve cuts benchmark interest...

Published 06 Dec, 2023 04:27am

Markets

Wall Street declines

NEW YORK: Wall Street’s main indexes fell on Monday as a deepening conflict between Israel and the Palestinian...

Published 10 Oct, 2023 06:19am

Markets

Indian shares end higher ahead of key Fed decision

BENGALURU: Indian shares advanced for a second straight session on Wednesday as concerns over a banking crisis...

Published 23 Mar, 2023 05:47am

Business & Finance

Global carbon markets value hit record $909bn last year

LONDON: The value of traded global markets for carbon dioxide (CO2) permits reached a record 850 billion euros ($909...

Published 07 Feb, 2023 05:56pm

Business & Finance

MCCI hails TDAP for exploring new global markets

MULTAN: Director General of Trade Development Authority of Pakistan (TDAP), Punjab, Rana Shehzad Ahmad said that ...

Published 09 Jan, 2023 06:36am

Markets

South African rand erases Friday’s loss; stocks rise

JOHANNESBURG: The South African rand gained against the dollar on Monday, erasing Friday’s loss, as the US currency...

Updated 08 Aug, 2022 08:57pm

Markets

FTSE 100 little changed as rate worries offset Avast surge

UK’s main stock indexes were largely flat on Wednesday, as investors maintained a cautious stance over the pace of...

Published 03 Aug, 2022 02:38pm

Markets

JP Morgan sees portfolio rebalancing lifting US stocks 7pc

NEW YORK: US equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first...

Published 27 Jun, 2022 06:06am

Markets

Markets rise as recession talk tempers rate hike expectations

HONG KONG: Stocks climbed Friday following another rally on Wall Street as investors try to process central bank...

Published 27 Jun, 2022 06:06am

Business & Finance

PHMA chairman slams 10pc supertax on major industries

FAISALABAD: Mian Kashif Zia Chairman of the Pakistan Hosiery Manufacturers and Exporters Association (North Zone),...

Published 26 Jun, 2022 05:44am

Business & Finance

Toyota, Suzuki take hybrid route in India for local, global markets

NEW DELHI: Toyota Motor Corp and Suzuki Motor Corp on Friday said they would begin production of hybrid vehicles in...

Published 25 Jun, 2022 04:42am

Business & Finance

China’s yuan eases

SHANGHAI: China’s yuan slipped against the dollar on Thursday, as strong corporate demand onshore bolstered the...

Published 24 Jun, 2022 06:15am

Business & Finance

PHMA seeks trade facilitation across global markets

KARACHI: Pakistan Hosiery Manufacturers and Exporters Association (PHMA) on Wednesday sought trade facilitation...

Published 02 Jun, 2022 06:50am

Markets

European stocks mark positive end to volatile week

LONDON: European shares rose on Friday, closing higher for the first time in five weeks, as a bout of bargain ...

Published 16 May, 2022 05:42am

Business & Finance

Fraying central bank consensus spurs dollar and market stress: McGeever

ORLANDO: The highest inflation in decades is unraveling whatever policy consensus there was between the world's ...

Published 04 May, 2022 11:18am

Markets

Indian shares rise

BENGALURU: Indian shares closed more than 1% higher on Thursday, led by gains in consumer stocks after strong March...

Published 29 Apr, 2022 05:43am

Markets

Benchmark China iron ore futures plunge

SINGAPORE/BEIJING: Dalian iron ore dropped nearly 11% on Monday to a more than one-month low, as a broad-based...

Published 27 Apr, 2022 05:19am

Business & Finance

Sterling falls to lowest level since Sep 2020 vs dollar

LONDON: Sterling fell on Monday to its lowest level since September 2020 against a strengthening dollar, while money...

Published 26 Apr, 2022 05:20am

Markets

Qatar, Dubai markets end lower, DEWA shares surge on debut

DUBAI: Most markets in the Middle East ended lower on Tuesday, in tandem with global markets, while sentiment in...

Published 13 Apr, 2022 06:03am

World

Saudi Aramco storage facility targeted by Houthi attack causing fire

RIYADH: Yemen's Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi-led coalition...

Published 25 Mar, 2022 10:17pm

Markets

TSX jumps to record high

TORONTO: Canada’s commodity-heavy main stock index rose to a record high on Monday as rising crude prices lifted...

Published 22 Mar, 2022 05:21am

Business & Finance

Rouble firms in Moscow

MOSCOW: The Russian rouble firmed in Moscow on Thursday and saw volatile trade offshore but stayed weaker than 100 ...

Published 18 Mar, 2022 05:20am

Markets

Indian shares end 1pc higher

BENGALURU: Indian shares extended gains from last week to end more than 1% higher on Monday, as oil prices declined...

Updated 15 Mar, 2022 06:34am

Markets

Financial stocks lead FTSE 100 higher; lower oil cools inflation fears

LONDON: London’s FTSE 100 ended higher on Wednesday as higher yields and upbeat earnings from insurer Prudential...

Published 10 Mar, 2022 06:30am

World

Kremlin tells United States to await response to "economic war"

LONDON: The Kremlin accused the United States on Wednesday of declaring an economic war on Russia that was sowing...

Published 10 Mar, 2022 12:38am

Markets

Oil price set to surge further on Iranian talks delays

LONDON: Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and...

Published 06 Mar, 2022 06:48pm

PKR ends lower

KARACHI: The rupee ended 0.14% lower during the previous week, but endured a volatile ride as escalation in the...

Updated 28 Feb, 2022 09:42am

Markets

Wall Street slides over 1pc as Russia attacks Ukraine

NEW YORK: US stock indexes slid more than 1% on Thursday, led by losses in bank stocks, as Russia’s all-out...

Published 25 Feb, 2022 06:19am

Business & Finance

Furniture exports surge in 4 months

LAHORE: Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq Sunday said Pakistan’s...

Published 13 Dec, 2021 06:45am

UAE to shift to Saturday-Sunday weekend in line with global markets

DUBAI: The United Arab Emirates will shift to a working week of four and half days with a Saturday-Sunday weekend...

Published 08 Dec, 2021 06:22am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 12 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 12 First Elite Capital Modaraba(FECM)	5.99 ▲ 0.99 (19.80%)
Kohinoor Spining / Dec 12 Kohinoor Spinning Mills Limited(KOSM)	4.80 ▲ 0.61 (14.56%)
Dar-es-Salaam / Dec 12 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Silk Bank Ltd / Dec 12 Silkbank Limited(SILK)	1.24 ▲ 0.14 (12.73%)
Nazir Cotton Mills / Dec 12 Nazir Cotton Mills Limited(NCML)	4.24 ▲ 0.44 (11.58%)
Pace (Pak) Ltd. / Dec 12 Pace (Pakistan) Limited(PACE)	2.85 ▲ 0.29 (11.33%)
Samba Bank / Dec 12 Samba Bank Limited(SBL)	9.93 ▲ 1.00 (11.20%)
Alfalah ETF. / Dec 12 Alfalah Consumer Index ETF.(ACIETF)	12 ▲ 1.01 (9.19%)
Trust Mod. / Dec 12 Trust Modaraba(TRSM)	2.17 ▲ 0.17 (8.50%)

Stock	Price
Sec. Inv. Bank / Dec 12 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Next Capital / Dec 12 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Redco Textile / Dec 12 Redco Textiles Limited(REDCO)	6.23 ▼ -0.57 (-8.38%)
Asim Textile / Dec 12 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 12 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Dadex Eternit / Dec 12 Dadex Eternit Limited(DADX)	45.73 ▼ -3.71 (-7.50%)
J.A.Textile / Dec 12 J.A. Textile Mills Limited(JATM)	46.64 ▼ -3.78 (-7.50%)
Reliance Cotton / Dec 12 Reliance Cotton Spinning Mills Limited(RCML)	629 ▼ -51.00 (-7.50%)
Sunrays Textile / Dec 12 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 12 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)

Stock	Volume
K-Electric Ltd. / Dec 12 K-Electric Limited(KEL)	342,535,258 ▲ 0.05
WorldCall Telecom / Dec 12 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
Kohinoor Spining / Dec 12 Kohinoor Spinning Mills Limited(KOSM)	65,177,500 ▲ 0.61
P.T.C.L. / Dec 12 Pakistan Telecommunication Company Ltd(PTC)	63,595,500 ▲ 0.45
Askari Bank / Dec 12 Askari Bank Limited(AKBL)	57,594,500 ▲ 0.57
Hascol Petrol / Dec 12 Hascol Petroleum Limited(HASCOL)	54,822,000 ▲ 0.57
Fauji Foods Ltd / Dec 12 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.10
Cnergyico PK / Dec 12 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.16
Pak Refinery / Dec 12 Pakistan Refinery Limited(PRL)	41,814,767 ▼ -1.64
Telecard Limited / Dec 12 Telecard Limited(TELE)	37,055,844 ▲ 0.37

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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