Trends - inflation - Business Recorder

inflation

Early trade in New York: Dollar slips after Powell downplays inflation fears

NEW YORK: The dollar retreated on Wednesday after Federal Reserve Chair Jerome Powell on Tuesday said that rising...

Published 24 Jun, 2021 03:36am

Business & Finance

South African inflation hits 30-month high

The agency said petrol prices were 41.8 percent higher in May compared to the same month in the previous year.

Published 23 Jun, 2021 05:39pm

Opinion

Investors focus on central bank speakers after extreme market moves

With all eyes on the U.S. central bank this week, some investors are looking to a parade of Federal Reserve speakers...

Published 23 Jun, 2021 04:26am

Opinion

Inflation: Fed’s hawkish overtones

Global markets will remain jittery after the US Fed unexpectedly signalled it could begin tapering its massive...

Published 21 Jun, 2021 03:43am

Markets

Wall Street week ahead: Fed shift causes rally in value stocks to wobble

NEW YORK: The Federal Reserve’s hawkish shift is forcing investors to reevaluate the rally in so-called value...

Published 21 Jun, 2021 03:43am

Markets

S&P 500 has room to run, but inflation fears to dampen sentiment

NEW YORK: The S&P 500 will end the year only about 2.5% above its current level, with concerns over increasing...

Published 21 Jun, 2021 03:43am

Pakistan

Bilawal stresses on NFC Award, calls federal budget 'illegal'

If the economy has improved, then the government should immediately opt out of the IMF's deal: PPP chairman
Reacting to Bilawal's speech, energy minister Hammad Azhar challenges opposition to stay in the House and listen to the truth

Updated 18 Jun, 2021 07:10pm

Business & Finance

Indonesia holds key rate at record low

JAKARTA: Indonesia’s central bank held its benchmark rate at a record low on Thursday as it sought to keep ...

Published 18 Jun, 2021 04:16am

Markets

China flags new rules for commodity price indexes

BEIJING: China will issue new rules on the management of price indexes for commodities and services, it said on...

Published 18 Jun, 2021 04:16am

Pakistan

Shehbaz comes down hard on govt's budgets

After finally being able to deliver his speech, leader of opposition criticises govt for its 'fake' budgets
Previous three National Assembly sessions were adjourned due to 'disorderly' behaviour

Updated 17 Jun, 2021 07:21pm

Markets

Wall Street slips

• Boeing rises on US-EU airline subsidies truce NEW YORK: Wall Street’s main indices closed lower on Tuesday ...

Published 17 Jun, 2021 03:27am

Business & Finance

Canada inflation rises to highest level in a decade

"Over the course of the Covid-19 pandemic, Canadians have sought out more living space and outdoor amenities, as they have adapted to spending more time at home," Statistics Canada said.

Published 16 Jun, 2021 07:13pm

Business & Finance

UK inflation hits highest level since before pandemic

The Consumer Prices Index hit 2.1 percent in May, breaching the Bank of England's 2.0-percent target for the first time since July 2019.

Published 16 Jun, 2021 04:55pm

Business & Finance

Federal budget pro-growth but food inflation remains concern, says think tank

PRIME Institute calls for sustainable growth measures including increasing real incomes, employment

Updated 16 Jun, 2021 04:11pm

Markets

China to release copper, aluminium and zinc reserves to stabilise commodity prices

Moreover, demand in most economies is continuing to recover from pandemic slumps, albeit at an uneven pace.

Published 16 Jun, 2021 10:27am

Markets

Tuesday's early trade: Indexes dip as Fed meet gets underway

NEW YORK: US stocks eased on Tuesday after the S&P 500 hit a record high earlier in the session, as a strong...

Published 16 Jun, 2021 03:39am

Business & Finance

S Arabia's inflation rate rises again, hits 5.7pc

DUBAI: Saudi Arabia's inflation rate rose for the second consecutive month, climbing to 5.7% in May from 5.3% in...

Published 16 Jun, 2021 03:39am

Business & Finance

Britain's economy strengthens recovery

LONDON: Britain's economy gathered pace in April as the government eased its coronavirus lockdown, official data...

Published 13 Jun, 2021 03:56am

Markets

Friday's midday trade: Wall Street flat with Fed meet in focus

NEW YORK: US stock indexes were flat on Friday as focus turned to next week's Federal Reserve meeting, while...

Published 12 Jun, 2021 05:04am

World

Russia raises key rate to 5.5pc, flags more hikes to curb inflation

MOSCOW: Russia's central bank raised its key interest rate by 50 basis points to 5.5% on Friday and said more hikes...

Published 12 Jun, 2021 05:04am

Business & Finance

Economic Survey 2020-21: Overview of the economy

Despite myriad of challenges, Pakistan’s economy is moving progressively on higher inclusive and sustainable ...

Published 11 Jun, 2021 03:41am

Markets

US stocks fall

NEW YORK: Wall Street ended a see-saw session lower on Wednesday as market participants awaited inflation data for...

Published 11 Jun, 2021 03:41am

Headline inflation recorded at 8.6pc in July-April

ISLAMABAD: The headline inflation measured by the Consumer Price Index (CPI) has been recorded at 8.6 percent during...

Published 11 Jun, 2021 03:41am

Pakistan beats projections, targets higher growth

Finance minister reviews past-year's performance while unveiling Economic Survey 2020-21
Says country now dependent on international food prices
Needs economic growth of 6-7%, adds Tarin

Updated 10 Jun, 2021 07:33pm

BR Research

Inflation and bottom of the pyramid

The biggest challenge for the government on the economic front now is dealing with inflation. High inflation amid...

Published 10 Jun, 2021 07:30am

BR Research

GDP, inflation, and petroleum pricing

Nothing short of a dilemma faces this government. Petroleum price question is going to test the nerves and promises...

Published 10 Jun, 2021 07:25am

World

China’s highest producer inflation in over 12 years highlights global price pressures

BEIJING: China’s May factory gate prices rose at their fastest annual pace in over 12 years due to surging...

Published 10 Jun, 2021 03:22am

Markets

Japanese rubber futures drop

TOKYO: Japanese rubber futures fell on Monday, tracking losses in the Shanghai market, as many financial markets...

Published 08 Jun, 2021 04:09am

Markets

Gold steadies in European trade

AMSTERDAM/LONDON: Gold steadied in a narrow range on Monday, as investors awaited US inflation data and clarity on...

Published 08 Jun, 2021 04:09am

BR Research

Oily slope

All the international commodities are having a bull run. Oil is no exception and is the most critical commodity...

Published 07 Jun, 2021 07:25am

Gainers
Losers
Leaders

Stock	Price
Premier Ins. / Nov 30 Premier Insurance Limited(PINL)	5.20 ▲ 0.38 (7.88%)
Pak Reinsurance / Nov 30 Pakistan Reinsurance Company Limited(PAKRI)	24.50 ▲ 1.66 (7.27%)
Jubilee Spinning / Nov 30 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	5.84 ▲ 0.36 (6.57%)
Pak Hotels / Nov 30 Pakistan Hotels Developers Limited(PHDL)	154.00 ▲ 9.20 (6.35%)
Kohinoor Energy / Nov 30 Kohinoor Energy Limited(KOHE)	35.24 ▲ 1.84 (5.51%)
Next Capital / Nov 30 Next Capital Limited(NEXT)	11.44 ▲ 0.59 (5.44%)
Pak Petroleum / Nov 30 Pakistan Petroleum Limited(PPL)	74.10 ▲ 3.65 (5.18%)
Kohat Cement / Nov 30 Kohat Cement Company Limited(KOHC)	178.99 ▲ 8.65 (5.08%)
Khyber Tobacco / Nov 30 Khyber Tobacco Company Limited(KHTC)	260.00 ▲ 10.50 (4.21%)
Matco Foods Ltd / Nov 30 Matco Foods Limited(MFL)	27.90 ▲ 1.01 (3.76%)

Stock	Price
Pak Gen.Ins. / Nov 30 The Pakistan General Insurance Co. Ltd.(PKGI)	3.48 ▲ -0.47 (-11.90%)
PICIC Ins.Ltd. / Nov 30 PICIC Insurance Limited(PIL)	1.13 ▲ -0.08 (-6.61%)
Jauharabad Sug / Nov 30 Jauharabad Sugar Mills Limited(JSML)	22.50 ▲ -1.56 (-6.48%)
KASB Mod / Nov 30 KASB Modaraba(KASBM)	2.26 ▲ -0.11 (-4.64%)
Orix Modaraba / Nov 30 Orix Modaraba(ORIXM)	16.10 ▲ -0.34 (-2.07%)
Mod.Al-Mali / Nov 30 Modaraba Al-Mali(MODAM)	10.40 ▲ -0.17 (-1.61%)
J.K.Spinning / Nov 30 J.K. Spinning Mills Limited(JKSM)	44.45 ▲ -0.45 (-1.00%)
K.S.B.Pumps / Nov 30 KSB Pumps Company Limited(KSBP)	200.00 ▲ -1.90 (-0.94%)
Orient Rental / Nov 30 Orient Rental Mod(ORM)	7.00 ▲ -0.05 (-0.71%)
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	4.05 ▲ -0.02 (-0.49%)

Stock	Volume
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	6,208,000 ▼ 0.00
Fauji Food (R) / Nov 30 Fauji Food Limited (R)(FFLR1)	5,595,000 ▼ 0.00
Byco Petroleum / Nov 30 Byco Petroleum Pakistan Limited(BYCO)	5,453,000 ▼ 0.00
G3 Tech. / Nov 30 G3 Technologies Limited(GTECH)	4,709,000 ▼ 0.00
Aisha Steel Mill / Nov 30 Aisha Steel Mills Limited(ASL)	3,706,000 ▼ 0.00
TRG Pak Ltd / Nov 30 TRG Pakistan Limited(TRG)	3,603,856 ▼ 0.00
F. Nat.Equities / Nov 30 First National Equities Limited(FNEL)	3,138,000 ▼ 0.00
Treet Corp / Nov 30 Treet Corporation Limited(TREET)	2,632,500 ▼ 0.00
Telecard Limited / Nov 30 Telecard Limited(TELE)	2,469,500 ▼ 0.00
TPL Properties / Nov 30 TPL Properties Limited(TPLP)	2,290,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 26	175.50
USD PKR Interbank Buying / Nov 26	175.30
USD to Japanese Yen / Nov 26	113.38
USD to Swiss Franc / Nov 26	0.92
Pound Sterling to USD / Nov 26	1.33
Euro to USD / Nov 26	1.13
UK LIBOR % / Nov 26	0.07

Stock	Volume
S&P 500 / Nov 26	4594.62
India Sensex / Nov 26	57107.15
Tokyo Nikkei / Nov 26	28751.62
Nasdaq / Nov 26	15491.66
Hang Seng / Nov 26	24080.52
FTSE 100 / Nov 26	7044.03
Dow Jones / Nov 26	34899.34
Germany DAX 30 / Nov 26	15257.04
France CAC40 / Nov 26	6739.73

Item	Value
Crude Oil / Nov 26	68.15
Karachi Cotton Assoc. / Nov 26	17680.00
Gold 10 Grams / Nov 26	100300.00
Gold Spot / Nov 26	1802.59
Cotton / Nov 26	111.78

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