Trends - inflation - Business Recorder

inflation

India central bank governor says priority is inflation, but growth important

MUMBAI: The Reserve Bank of India's primary focus is to bring inflation down closer to target but it cannot ...

Published 27 May, 2022 10:16am

Markets

Retailers lift European stocks but growth worries persist

BENGALURU: European markets rose on Thursday with the retail sector leading the charge as Britain revealed new...

Published 27 May, 2022 05:50am

Business & Finance

Rouble slumps over 10pc to near 2-week low as Russia slashes rates again

MOSCOW: The Russian rouble slumped around 10% against the dollar in volatile trade to a two-week low on Thursday as...

Published 27 May, 2022 05:50am

Business & Finance

Pound touches 3-week high, focus on UK household support plan

LONDON: Sterling touched its highest level in three weeks on Thursday, with the UK government’s latest measures to...

Published 27 May, 2022 05:50am

Business & Finance

Govts should assist low-income families instead of subsidising energy: WB president

David Malpass says governments should use technology to track those in need and provide them financial benefits.

Published 26 May, 2022 11:16pm

World

Putin hikes social payments and seeks to reassure on inflation

MOSCOW: Russian President Vladimir Putin on Wednesday sought to reassure the public amid soaring inflation, while...

Published 26 May, 2022 07:13am

World

German steel workers to strike as inflation squeezes pay

FRANKFURT: The German steel workers union said Wednesday it had called strikes after failing to reach a pay deal ...

Published 26 May, 2022 07:13am

Markets

European shares fall

LONDON: European shares ended lower on Tuesday, tracking declines in global stock markets with business expansion...

Published 25 May, 2022 04:40am

World

Sri Lanka increases fuel prices as it seeks to rein in crisis

COLOMBO: Sri Lanka increased fuel and transport prices on Tuesday, a long-flagged move to combat its debilitating...

Published 24 May, 2022 10:08am

Business & Finance

ECB plans end to negative rates era as inflation soars

FRANKFURT: Negative interest rates will soon be a thing of the past in the eurozone, the ECB’s chief signalled...

Published 24 May, 2022 06:13am

World

Inflation in crisis-hit Sri Lanka hits new record

COLOMBO: Sri Lanka’s inflation hit a seventh consecutive record high in April as a petrol shortage worsened and food...

Published 23 May, 2022 06:59pm

Business & Finance

Experts react as SBP jacks up key interest rate

Action on the fiscal side by the government would decide future course

Published 23 May, 2022 05:57pm

Business & Finance

Inflation picture is concerning, British junior finance minister says

LONDON: The inflation picture is hugely concerning but the British government has confidence in the Bank of England...

Published 23 May, 2022 12:20pm

Business & Finance

Singapore April core inflation rises 3.3%, fastest in a decade

SINGAPORE: Singapore’s key consumer price gauge rose in April at its fastest pace in a decade, driven by higher...

Published 23 May, 2022 11:43am

Markets

Asian FX slightly weaker on inflation, global growth worries

Asian currencies came under pressure on Monday due to persistent concerns over inflation and global economic growth,...

Published 23 May, 2022 11:38am

Pakistan

Siraj announces drive against interest, inflation

ISLAMABAD: Jamaat-e-Islami (JI) Pakistan Emir Sirajul Haq on Sunday announced launching of a countryside movement...

Published 23 May, 2022 07:11am

FBR eyes new taxation steps with a view to achieving Rs7,255bn target

ISLAMABAD: The Federal Board of Revenue (FBR) will propose new taxation measures of over Rs 300-350 billion to...

Updated 23 May, 2022 10:02am

World

India considering spending additional $26 billion to fight inflation

NEW DELHI: The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the...

Published 22 May, 2022 05:36pm

Business & Finance

Dollar selling takes a pause after bruising week

NEW YORK: The US dollar recouped some of its losses against the euro on Friday, but remained set for its worst ...

Published 21 May, 2022 04:34am

Business & Finance

Inflation crimps Indian firms as rural millions cut spending

NEW DELHI: Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies...

Published 20 May, 2022 12:31pm

World

Iran’s security forces clash with anti-govt protesters

DUBAI: Iranian security forces fired live rounds and tear gas to disperse anti-government protesters in several...

Published 20 May, 2022 06:32am

World

Money for Ukraine tops G7 agenda; inflation, food a concern

KOENIGSWINTER, (Germany): Group of Seven financial leaders are likely to agree on Thursday and Friday on around $15...

Published 20 May, 2022 06:32am

Opinion

Britons feel the pinch as cost-of-living crisis bites

Standing outside a north London supermarket clutching two shopping bags, Gerald Pursey bemoans Britain’s ...

Published 20 May, 2022 05:42am

Markets

European shares deepen fall on inflation worries

PARIS: European shares slipped on Wednesday led by technology stocks as worries about inflation and monetary policy...

Published 19 May, 2022 05:29am

Business & Finance

Pound falls as UK inflation hits 40-year high

LONDON: Britain’s pound fell against the dollar on Wednesday, pulling away from almost two-week highs after data...

Published 19 May, 2022 05:29am

Markets

Pound falls as UK inflation hits 40-year high

LONDON: Britain’s pound fell against the dollar on Wednesday, pulling away from almost two-week highs after data...

Published 18 May, 2022 08:40pm

Business & Finance

Parties exhorted to take urgent steps for economic stability

KARACHI: Expressing concern over the deteriorating situation in the country, President of Korangi Association of...

Published 18 May, 2022 06:59am

Fed to ‘keep pushing’ rates higher until clear inflation is falling

WASHINGTON: The Federal Reserve will “keep pushing” to tighten US monetary policy until it is clear that...

Published 18 May, 2022 05:54am

Business & Finance

EFP proposes measures to lift country out of economic quagmire

KARACHI: President, Employers’ Federation of Pakistan(EFP) has suggested to the government a comprehensive ...

Published 18 May, 2022 05:54am

Business & Finance

MPC meeting: Majority polled expect major spike in policy rate

Many anticipate rate hike of 100 bps ahead of MPC meeting scheduled for May 23

Updated 17 May, 2022 09:06pm

Gainers
Losers
Leaders

Stock	Price
SME Leasing Ltd / May 27 SME Leasing Limited(SLL)	3.40 ▲ 0.95 (38.78%)
Reliance Ins. / May 27 Reliance Insurance Company Limited(RICL)	6.45 ▲ 0.95 (17.27%)
Escorts Bank / May 27 Escorts Investment Bank Limited(ESBL)	7.06 ▲ 1.00 (16.50%)
Punjab Mod / May 27 First Punjab Modaraba(FPJM)	1.92 ▲ 0.22 (12.94%)
Dandot Cement / May 27 Dandot Cement Company Limited(DNCC)	8.20 ▲ 0.90 (12.33%)
F.Treet Manuf / May 27 First Treet Manufacturing Modaraba(FTMM)	8.75 ▲ 0.75 (9.38%)
Samba Bank / May 27 Samba Bank Limited(SBL)	10.25 ▲ 0.86 (9.16%)
Ruby Tex. / May 27 Ruby Textile Mills Limited(RUBY)	4.35 ▲ 0.35 (8.75%)
PICIC Ins.Ltd. / May 27 PICIC Insurance Limited(PIL)	1.03 ▲ 0.08 (8.42%)
Husein Sugar / May 27 Husein Sugar Mills Limited(HSM)	13.72 ▲ 1.00 (7.86%)

Stock	Price
Tri-Star Mutual / May 27 Tri-Star Mutual Fund Limited(TSMF)	5.75 ▲ -1.00 (-14.81%)
Nazir Cotton Mills / May 27 Nazir Cotton Mills Limited(NCML)	5.17 ▲ -0.68 (-11.62%)
Pak Gen.Ins. / May 27 The Pakistan General Insurance Co. Ltd.(PKGI)	8.20 ▲ -0.99 (-10.77%)
Silk Bank Ltd / May 27 Silkbank Limited(SILK)	1.29 ▲ -0.14 (-9.79%)
Askari Life Assur. / May 27 Askari Life Assurance Company Limited(ALAC)	6.21 ▲ -0.67 (-9.74%)
Ist.Dawood Bank / May 27 First Dawood Investment Bank Limited(FDIBL)	2.10 ▲ -0.18 (-7.89%)
Ghazi Fabrics / May 27 Ghazi Fabrics International Limited(GFIL)	5.81 ▲ -0.49 (-7.78%)
Thal Ind.Corp. / May 27 Thal Industries Corporation Limited(TICL)	253.91 ▲ -20.58 (-7.50%)
Cordoba Logistics / May 27 Cordoba Logistics & Ventures Limited(CLVL)	13.21 ▲ -1.07 (-7.49%)
Philip Morris Pak. / May 27 Philip Morris (Pakistan) Limited(PMPK)	536.53 ▲ -43.47 (-7.49%)

Stock	Volume
Cnergyico PK / May 27 Cnergyico PK Limited(CNERGY)	63,944,791 ▼ 0.00
Pak Refinery / May 27 Pakistan Refinery Limited(PRL)	54,932,038 ▼ 0.00
WorldCall Telecom / May 27 Worldcall Telecom Limited(WTL)	21,383,000 ▼ 0.00
Hum Network / May 27 Hum Network Limited(HUMNL)	21,349,500 ▼ 0.00
Ghani Glo Hol / May 27 Ghani Global Holdings Limited(GGL)	19,460,637 ▼ 0.00
Pak Elektron / May 27 Pak Elektron Limited(PAEL)	19,140,500 ▼ 0.00
Telecard Limited / May 27 Telecard Limited(TELE)	18,961,000 ▼ 0.00
K-Electric Ltd. / May 27 K-Electric Limited(KEL)	15,469,500 ▼ 0.00
Unity Foods Ltd / May 27 Unity Foods Limited(UNITY)	12,464,558 ▼ 0.00
Fauji Foods Ltd / May 27 Fauji Foods Limited(FFL)	11,951,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 26	202.40
USD PKR Interbank Buying / May 26	202.00
USD to Japanese Yen / May 26	127.04
USD to Swiss Franc / May 26	0.96
Pound Sterling to USD / May 26	1.26
Euro to USD / May 26	1.07
UK LIBOR % / May 26	0.82

Stock	Volume
S&P 500 / May 26	4057.84
India Sensex / May 26	54252.53
Tokyo Nikkei / May 26	26604.84
Nasdaq / May 26	11740.65
Hang Seng / May 26	20116.20
FTSE 100 / May 26	7564.92
Dow Jones / May 26	32637.19
Germany DAX 30 / May 26	14231.29
France CAC40 / May 26	6410.58

Item	Value
Crude Oil USD/Barrel / May 26	114.16
Karachi Cotton PKR/37.32 KG / May 26	21180.00
Gold 10 Grams PKR / May 26	118900.00
Gold Spot USD/Ounce / May 26	1855.80
Cotton US¢/pound / May 26	124.33

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