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Goldman Sachs

India’s growth to slow in 2023 on fading reopening impact: Goldman Sachs

MUMBAI: Goldman Sachs expects India’s economic growth to slow to 5.9% next year, from an estimated 6.9% growth in...

Published 21 Nov, 2022 12:14pm

Business & Finance

Top bankers give mixed views on global risks at summit

HONG KONG: There are growing signs inflation could be brought under control, top bankers said at a summit in Hong...

Published 03 Nov, 2022 05:50am

Markets

Gold dips on firm dollar, but hopes of less aggressive Fed cap decline

Gold prices slipped on Monday, having risen 1.8% in the previous session, as the US dollar firmed, although faint...

Published 24 Oct, 2022 10:05am

Markets

Japan’s yen jumps on suspected BOJ intervention, fails to keep gains

SINGAPORE: The Japanese yen made a thumping 4 yen jump for a second straight session on Monday on suspected early...

Published 24 Oct, 2022 09:44am

Opinion

Goldman Sachs’ consumer pivot solves one question, but makeover raises more

Goldman Sachs Group Inc’s strategy pivot has solved one problem for investors who didn’t love its foray into...

Published 20 Oct, 2022 05:36am

Markets

UK finance minister seeks to stem bond rout by rushing forward tax plan

LONDON: New British finance minister Jeremy Hunt, seeking to stem a dramatic loss of confidence among investors in...

Published 17 Oct, 2022 12:35pm

Business & Finance

Goldman Sachs sees deeper UK recession after tax U-turn

NEW YORK: Goldman Sachs analysts have downgraded Britain’s economic outlook after Prime Minister Liz Truss removed...

Published 17 Oct, 2022 05:57am

Markets

Oil prices jump after US crude, fuel stocks drop, dollar weakens

NEW YORK: Oil prices rose on Wednesday for a second day, rebounding from recent losses as the US dollar eased off...

Published 29 Sep, 2022 05:54am

Markets

Copper rebounds from two-month low as dollar weakens

LONDON: Copper prices recovered from a more than two-month low on Wednesday after the dollar weakened, with worries...

Published 29 Sep, 2022 05:54am

Business & Finance

Goldman Sachs closes $9.7bn private-equity fund, largest since 2007

NEW YORK: Goldman Sachs Group Inc has closed a $9.7 billion private-equity fund, its largest since 2007, that seeks...

Published 27 Sep, 2022 05:23pm

Markets

Wall Street slips on rate-hike jitters

NEW YORK: Wall Street’s main indexes slipped in choppy trading on Monday, extending declines for a third straight...

Published 20 Sep, 2022 05:51am

World

Goldman Sachs cuts 2023 US GDP forecasts

NEW YORK: Goldman Sachs cut its forecast for 2023 U.S. Gross Domestic Product as it projects a more aggressive...

Published 17 Sep, 2022 09:21pm

Opinion

Market mayhem awaits Britain’s new leader

Liz Truss, on course to become Britain’s prime minister on Monday, looks set to walk straight into a financial...

Published 03 Sep, 2022 04:25am

Business & Finance

Sterling edges lower

LONDON: Sterling edged lower on Tuesday against the euro and was set for its biggest monthly fall against the single...

Published 31 Aug, 2022 05:50am

Business & Finance

Pound falls to lowest since March

LONDON: The British pound fell to its lowest level since March 2020 on Monday as mounting concern about the economic...

Published 30 Aug, 2022 06:21am

World

China’s unemployment insurance payouts hit record high in June

BEIJING: China’s unemployment insurance payouts hit a record high in June, adding to signs of a struggling labour...

Published 24 Aug, 2022 02:57pm

Markets

South Korean won leads declines in Asia FX as Fed hawks heighten growth worries

China’s yuan eased 0.1% to its weakest in almost two years after the central bank cut its benchmark lending rate and...

Published 22 Aug, 2022 11:45am

Markets

Oil edges up as strong economic data feeds hopes for demand

Front-month Brent prices last week hit the lowest since February

Updated 08 Aug, 2022 08:54pm

Markets

Goldman Sachs’ Leland to return to London in new role

HONG KONG: One of Goldman Sachs’ most senior bankers in Asia, Todd Leland, is leaving the region to become the...

Published 20 Jul, 2022 11:58am

Business & Finance

Goldman Sachs profits tumble despite strong trading results

NEW YORK: Goldman Sachs reported a 48 percent drop in quarterly earnings Monday after setting aside more funds in...

Published 18 Jul, 2022 06:27pm

Opinion

Bruised investors seek shelter in US healthcare stocks

Shares of US healthcare companies are gaining favor as investors bank on their ability to weather rocky economic...

Published 14 Jul, 2022 05:00am

Business & Finance

Iran applies to join China and Russia in BRICS club

DUBAI/LONDON: Iran, which holds the world’s second largest gas reserves, has applied to join the BRICS group of...

Published 29 Jun, 2022 05:44am

Business & Finance

Goldman Sachs expects over $1.2bn losses from consumer unit this year

Goldman Sachs Group Inc’s internal projections show the bank’s consumer unit will record losses of more than $1.2...

Published 28 Jun, 2022 07:13pm

Markets

China approves ICBC-Goldman JV to start offering wealth services

Industrial and Commercial Bank of China (ICBC) said on Friday its wealth management joint venture with Goldman Sachs...

Published 24 Jun, 2022 06:13pm

World

Goldman Sachs raises probability of U.S. recession to 30% over next year

Goldman Sachs sees a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous...

Published 21 Jun, 2022 05:50pm

Opinion

For central bankers, tighter financial conditions may be an ally

Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given their effect on...

Published 16 Jun, 2022 06:03am

Markets

Netflix shares slide as Goldman downgrades on grim economic picture

Netflix Inc shares fell 5% on Friday after Goldman Sachs downgraded the streaming giant, which is facing a slowdown...

Published 10 Jun, 2022 08:06pm

Markets

Goldman raises Brent price outlook on unresolved supply deficit

Goldman Sachs increased its Brent oil price forecasts by $10 to $135 a barrel for the period between the second half...

Published 07 Jun, 2022 07:37pm

Technology

Shorts circle GameStop and AMC, sensing retail fatigue

NEW YORK: Bearish investors are ramping up bets against meme stocks GameStop Corp and AMC Entertainment Holdings...

Published 07 Jun, 2022 02:45pm

Markets

Oil up 1%, supplies seen tighter as China relaxes COVID-19 curbs

NEW YORK: Oil prices rose about 1% in a seesaw session on Tuesday, with U.S. crude on track for a 13-week high on...

Updated 07 Jun, 2022 10:16pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	4.03 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	335 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	63.75 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	523.19 ▼ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	7.05 ▼ 0.00 (0.00%)
Attock Cement / Dec 5 Attock Cement Pakistan Limited(ACPL)	67.51 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	4.03 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	335 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	63.75 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	523.19 ▼ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	7.05 ▼ 0.00 (0.00%)
Attock Cement / Dec 5 Attock Cement Pakistan Limited(ACPL)	67.51 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 2	224.75
USD PKR Interbank Buying / Dec 2	223.75
USD to Japanese Yen / Dec 2	134.31
USD to Swiss Franc / Dec 2	0.94
Pound Sterling to USD / Dec 2	1.23
Euro to USD / Dec 2	1.05
UK LIBOR % / Dec 2	3.82

Stock	Volume
S&P 500 / Dec 2	4071.70
India Sensex / Dec 2	62868.50
Tokyo Nikkei / Dec 2	27777.90
Nasdaq / Dec 2	11461.50
Hang Seng / Dec 2	18675.35
FTSE 100 / Dec 2	7556.23
Dow Jones / Dec 2	34429.88
Germany DAX 30 / Dec 2	14529.39
France CAC40 / Dec 2	6742.25

Item	Value
Crude Oil USD/Barrel / Dec 2	79.98
Karachi Cotton PKR/37.32 KG / Dec 2	16735
Gold 10 Grams PKR / Dec 2	140175
Gold Spot USD/Ounce / Dec 2	1797.63
Cotton US¢/pound / Dec 2	83.20

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