Trends - interest rate hikes - Business Recorder

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اردو

Jul 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

interest rate hikes

ECB books first loss since 2004 as rate hikes bite

ECB books first loss since 2004 as rate hikes bite

FRANKFURT: The European Central Bank said Thursday its series of interest rate hikes had led it to a loss in 2023,...

Published 23 Feb, 2024 06:36am

OECD sees ‘sub-par’ growth as high rates bite

Business & Finance

OECD sees ‘sub-par’ growth as high rates bite

PARIS: The OECD raised its global economic outlook for 2023 on Tuesday but cut the growth forecast for next year as...

Published 20 Sep, 2023 06:28am

Global debt hits record $307trn

Business & Finance

Global debt hits record $307trn

NEW YORK: Global debt hit a record $307 trillion in the second quarter of the year despite rising interest rates...

Published 20 Sep, 2023 06:28am

BoE hikes rate 14th time in row

Print

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

Fed doublespeak

Opinion

Fed doublespeak

Traders with long US equity and long dollar positions that laughed all the way to the bank after the Fed’s latest...

Updated 03 Aug, 2023 06:34am

SBP keeps key policy rate unchanged at 22%

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

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

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

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

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

US small business lending holding up

Business & Finance

US small business lending holding up

NEW YORK: US small businesses are paying the most for loans in 16 years as borrowing costs have skyrocketed under ...

Published 14 Jul, 2023 06:22am

IMF’s Executive Board meeting on Pakistan set for July 12

Pakistan

IMF’s Executive Board meeting on Pakistan set for July 12

The Fund is set to discuss a nine-month stand-by arrangement for Pakistan as the previous Extended Fund Facility expired on June 30

Updated 06 Jul, 2023 09:55am

SBP raises key policy rate by 100bps to 22% after ‘emergency meeting’

Business & Finance

SBP raises key policy rate by 100bps to 22% after ‘emergency meeting’

Cites upward revisions in taxes, duties and PDL in FY24 budget and lifting of import restrictions as factors that slightly deteriorate inflation outlook

Updated 26 Jun, 2023 08:10pm

Copper heads for weekly drop on hawkish rate hikes

Markets

Copper heads for weekly drop on hawkish rate hikes

LONDON: Copper prices were heading for a weekly drop on Friday after three weeks of gains as concerns over global...

Published 26 Jun, 2023 06:38am

Oil dips on demand worries as more rate hikes likely

Markets

Oil dips on demand worries as more rate hikes likely

HOUSTON: Oil prices fell on Friday, headed for a weekly decline as traders worried interest rate hikes could sap...

Published 26 Jun, 2023 06:38am

Gold on track for worst week since Feb on hawkish Fed

Markets

Gold on track for worst week since Feb on hawkish Fed

NEW YORK: Gold prices on Friday were heading for their biggest weekly percentage fall in over four months, weighed ...

Published 26 Jun, 2023 06:38am

European shares post worst week in three months

Markets

European shares post worst week in three months

PARIS: European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that...

Published 26 Jun, 2023 06:38am

BIS warns world economy at critical juncture in inflation fight

Business & Finance

BIS warns world economy at critical juncture in inflation fight

LONDON: The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for...

Published 26 Jun, 2023 06:38am

OECD sees limited growth pick-up as rate hikes weigh

Business & Finance

OECD sees limited growth pick-up as rate hikes weigh

PARIS: Global economic growth will pick up only moderately over the next year as the full effects of central bank...

Published 08 Jun, 2023 06:30am

BOE raises rates

Business & Finance

BOE raises rates

LONDON: The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday and...

Published 12 May, 2023 05:59am

ECB slows rate hike pace but signals more to come

Business & Finance

ECB slows rate hike pace but signals more to come

FRANKFURT: The European Central Bank slowed the pace of its interest rate increases on Thursday but signalled more...

Published 05 May, 2023 06:44am

HCSTSI flays increase in interest rate

Business & Finance

HCSTSI flays increase in interest rate

HYDERABAD: President of Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Muhammad Farooq Shaikhani ...

Published 10 Apr, 2023 06:45am

Inflation to remain high despite policy rate hike: analyst

Business & Finance

Inflation to remain high despite policy rate hike: analyst

KARACHI: The State Bank of Pakistan’s (SBP) decision to increase key policy rate by 100 basis points to a record...

Published 10 Apr, 2023 06:45am

KATI chief assails interest rate hike

Business & Finance

KATI chief assails interest rate hike

KARACHI: President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman has rejected the decision of...

Published 06 Apr, 2023 06:20am

Biotech IPOs to bloom with spotlight on startups with human trial data

Markets

Biotech IPOs to bloom with spotlight on startups with human trial data

BENGALURU: Initial public offerings by small private biotech companies are poised to stage a comeback later in 2023...

Published 31 Mar, 2023 06:45am

Fed to balance banking woes, inflation in this rate decision

Business & Finance

Fed to balance banking woes, inflation in this rate decision

WASHINGTON: US central bankers face an unenviable task when they gather in Washington this week: tackling persistent...

Published 20 Mar, 2023 06:12am

OECD hikes growth outlook

Business & Finance

OECD hikes growth outlook

PARIS: The global economic outlook has improved from a few months ago as the inflation shock eases but rising...

Published 18 Mar, 2023 06:14am

Weak global demand, rate hikes may curtail India growth

Business & Finance

Weak global demand, rate hikes may curtail India growth

NEW DELHI: Weak global demand and monetary tightening by the Indian central bank could further drag down economic...

Published 06 Mar, 2023 07:38am

Steel industry concerned at interest rate hike

Print

Steel industry concerned at interest rate hike

ISLAMABAD: The steel industry, on Thursday, urged the government to take immediate action to ensure the availability...

Updated 03 Mar, 2023 09:01am

ECB raises rates, signals at least one more hike

Business & Finance

ECB raises rates, signals at least one more hike

FRANKFURT: The European Central Bank raised interest rates by 0.5% on Thursday and explicitly signalled at least one...

Published 03 Feb, 2023 06:17am

BoE hints rates near peak after 10th hike

Business & Finance

BoE hints rates near peak after 10th hike

LONDON: The Bank of England signalled the tide was turning in its battle against high inflation after it raised...

Published 03 Feb, 2023 06:17am

Fed delivers small rate hike, still expects ‘ongoing increases’

Business & Finance

Fed delivers small rate hike, still expects ‘ongoing increases’

WASHINGTON: The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet...

Published 02 Feb, 2023 06:12am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost

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Honda Atlas plans to enter hybrid cars market at CAPEX of Rs5bn: report

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Pakistanis have a rising interest in relocating to Dubai: immigration expert

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No loss of life as fire doused at Karachi’s Kashif Center

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Chinese team due next week: Planning ministry finalises its ‘wish list’

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Rupee marginally up against US dollar

Rupee marginally up against US dollar

‘Tax fraud’ definition expanded under revised Sales Tax Act 1990

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