Trends - interest rate - Business Recorder

interest rate

Australian shares snap 3-day gaining streak

SYDNEY: Australian shares snapped a three-day winning streak on Friday, starting the last month of the year on a...

Published 02 Dec, 2023 05:09am

Markets

Wall St higher as Powell comments bolster peak-rate bets

NEW YORK: Wall Street’s main indexes inched higher on Friday after Federal Reserve Chair Jerome Powell ...

Published 02 Dec, 2023 05:09am

Markets

Gulf markets in black on interest rate cuts bets

DUBAI: Most stock markets in the Gulf ended higher on Wednesday as expectations of an end to a global rate hike ...

Published 16 Nov, 2023 05:39am

Business & Finance

Disappointment shown on not reducing interest rate

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 02 Nov, 2023 03:15am

World

Fed leaves rates unchanged, acknowledges economy is ‘strong’

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase...

Published 01 Nov, 2023 11:18pm

Business & Finance

Policy rate kept unchanged on inflation, C/A

KARACHI: While maintaining the policy rate at 22 percent, the Monetary Policy Committee (MPC) of the State Bank of...

Published 31 Oct, 2023 05:26am

Business & Finance

Not lowering interest rate dismays PBF

KARACHI: The Pakistan Business Forum (PBF) has shown disappointment that SBP kept the interest rate unchanged for ...

Published 31 Oct, 2023 05:26am

Markets

HK stocks rise ahead of US payrolls data

HONG KONG: Hong Kong stocks rose for a second session on Friday, tracking firmer overseas markets, as investors...

Published 07 Oct, 2023 06:01am

Editorials

High interest rate environment

EDITORIAL: It seems the Fed-led hawkish interest rate cycle that started last March and battered tech stocks across...

Published 07 Oct, 2023 06:01am

Markets

Asian FX extend selloff as interest rate woes weigh

SINGAPORE: Most emerging Asian currencies depreciated for the third straight session on Wednesday as market...

Published 05 Oct, 2023 06:23am

50bps hike in policy rate adds Rs300bn to domestic debt: MoF

ISLAMABAD: The Finance Ministry has disclosed that 0.5 percent (50 basis points) increase in interest rate...

Updated 05 Oct, 2023 11:06am

Business & Finance

MPS tomorrow

KARACHI: The Monetary Policy Committee (MPC) of the SBP will meet on Thursday (tomorrow) at SBP Karachi to decide...

Published 13 Sep, 2023 06:17am

Business & Finance

Another brokerage house expects 200bps hike in key policy rate

Topline Securities also sees PKR/USD in inter-bank market to be in range of Rs320-340 by June 2024

Published 08 Sep, 2023 05:37pm

Business & Finance

SBP says emergency MPC meeting reports baseless

Central bank says premature to forecast future policy rate

Updated 01 Sep, 2023 02:25pm

Markets

Analysts expect rate hike of up to 300bps in SBP’s monetary policy announcement

High inflation and currency depreciation seen as reasons behind expected increase in key policy rate

Updated 31 Aug, 2023 07:28pm

Opinion

Acting on autopilot

From 13.25% policy rate in 2020 to all time high of 22% in 2023, the state of Pakistan’s economy still seems to...

Published 31 Aug, 2023 06:00am

Business & Finance

Global dividends hit record $568bn in second quarter

PARIS: Dividends paid by the world’s biggest listed companies soared to a record $568.1 billion in the second...

Published 31 Aug, 2023 06:00am

Markets

Wall St gains as weak job openings data fuels hopes of rate-hike pause

NEW YORK: Wall Street’s main indexes rose on Tuesday, lifted by growth stocks such as Tesla and Alphabet after a...

Published 30 Aug, 2023 03:33am

Business & Finance

More rate hikes ‘likely’ needed to lower inflation: Fed official

WASHINGTON: A US central bank official said Saturday that more interest rate hikes “will likely be needed” to bring...

Published 05 Aug, 2023 09:26pm

BoE hikes rate 14th time in row

LONDON: The Bank of England on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to...

Updated 04 Aug, 2023 08:41am

Editorials

MPS: Will IMF need to recalibrate its expectations?

EDITORIAL: In a surprise move, the Monetary Policy Committee (MPC) left the policy rate unchanged at 22 percent,...

Published 02 Aug, 2023 06:47am

Business & Finance

Policy rate kept unchanged as economic uncertainty ebbs

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate...

Published 01 Aug, 2023 06:19am

Pakistan

SBP keeps key policy rate unchanged at 22%

Governor Jameel Ahmad announces Monetary Policy Committee's decision in press conference

Updated 31 Jul, 2023 06:43pm

Business & Finance

Further jump in key policy rate to deepen economic crisis: BMP

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has warned the...

Published 31 Jul, 2023 06:58am

Business & Finance

China rolls over medium-term policy loans, rate unchanged

SHANGHAI/SIN-GAPORE: China’s central bank rolled over maturing medium-term policy loans and kept the interest rate...

Published 19 Jul, 2023 03:21am

Pakistan

IMF urges Pakistan to continue monetary policy tightening cycle

Tightening cycle should continue if needed to reduce inflation and facilitate external rebalancing, says staff report

Published 18 Jul, 2023 10:56pm

Business & Finance

Monetary Policy Committee: SBP issues advance calendar for meetings in July-December

Schedules 4 huddles during six-month period, with the first one of the new fiscal year on July 31

Published 14 Jul, 2023 10:42pm

Business & Finance

Wells Fargo profit surges 57% as interest payments climb

Wells Fargo’s profit surged 57% in the second quarter as it earned more from customer interest payments and raised...

Published 14 Jul, 2023 05:13pm

22pc interest rate inimical to business activities: PM

ISLAMABAD: Prime Minister Shehbaz Sharif Wednesday acknowledged that with a 22 percent rate of interest, no business...

Updated 13 Jul, 2023 10:33am

Editorials

Caution from Basle

EDITORIAL: The Bank for International Settlements (BIS), the global umbrella body for central banks, sure poured ...

Updated 08 Jul, 2023 06:58am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 6 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 6 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 6 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 6 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 6 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 6 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 6 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 6 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 6 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 6 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 6 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 6 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 6 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 6 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 6 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 6 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 6 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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