Trends - interest rate - Business Recorder

interest rate

‘Interest rate should be reduced to 2pc’

FAISALABAD: Former chairman All Pakistan Cotton Power Looms Association and former president FCCI Chaudhry Muhammad...

Published 07 May, 2024 06:58am

Business & Finance

HCCI criticises SBP for not lowering interest rate

HYDERABAD: President Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has expressed his surprise ...

Published 03 May, 2024 06:29am

World

Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation

Likely that gaining greater confidence will take longer than previously expected, says Fed Chair Jerome Powell

Published 01 May, 2024 11:53pm

Markets

Saudi leads as Gulf markets close higher

DUBAI: Stock markets in the Gulf ended higher on Monday, led by the Saudi index on strong corporate earnings, while...

Published 30 Apr, 2024 03:43am

Concerns of rating agencies on external side addressed

ISLAMABAD: Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Saturday addressed concerns of the rating...

Updated 21 Apr, 2024 09:19am

Business & Finance

To cut or not to cut: SBP might opt for caution in monetary policy

Reports by two brokerage houses suggest Pakistan's central bank poised to maintain cautious policy stance

Published 19 Apr, 2024 08:15pm

Opinion

EFF programme, non-inflationary economic growth, and counter-cyclical policy approach

A recent ‘Transcript of Global Financial Stability Report April 2024 press briefing’, carried a rather very...

Published 19 Apr, 2024 05:07am

Business & Finance

Number of credit card users drops due to high interest rates, emergence of alternate products

KARACHI: The number of credit card users is on decline in the country due to the higher interest rate and emergence...

Published 03 Apr, 2024 05:29am

World

Japan’s mixed inflation picture complicates BOJ rate hike path

TOKYO: Japan’s business-to-business service prices continued to rise steadily but a key measure of trend inflation...

Published 27 Mar, 2024 04:38am

Business & Finance

Bank of England holds interest rate at 16-year high

LONDON: The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as...

Published 21 Mar, 2024 05:53pm

Business & Finance

Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still...

Published 20 Mar, 2024 11:13pm

Mixed expectations: MPS on 18th

KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce the Monetary Policy next Monday (March 18) with...

Updated 13 Mar, 2024 09:42am

Markets

Brokerage house sees ‘strong possibility’ of policy rate cut of 100bps in upcoming MPC

A brokerage house sees “strong possibility” that the State Bank of Pakistan (SBP) may cut the key policy rate by 100...

Updated 12 Mar, 2024 10:38pm

BR Research

Rate cut in the offing?

The bond market is expecting a rate cut soon while the forex players are expecting the currency to be under...

Published 08 Mar, 2024 09:14am

Markets

Europe’s STOXX 600 rises on miners, tech support

PARIS: Europe’s benchmark stock index inched up on Tuesday, with Germany’s DAX hitting a record high, while...

Published 28 Feb, 2024 06:10am

Markets

Europe’s STOXX 600 falls at start of inflation data-driven week

PARIS: Europe’s benchmark stock index dropped on Monday, led by miners, with investors bracing for crucial...

Published 27 Feb, 2024 03:06am

Business & Finance

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

Business & Finance

Dollar drifts higher

NEW YORK: The dollar edged higher against the euro and other major currencies on Monday as investors braced for data...

Published 13 Feb, 2024 05:59am

Markets

Bitcoin hits $50k level for first time in more than two years

WASHINGTON/ LONDON: Bitcoin hit the $50,000 level for the first time in more than two years as the world’s largest...

Published 13 Feb, 2024 05:59am

Business & Finance

US Fed official warns against cutting rates too soon

WASHINGTON: It would be a “mistake” for the US Federal Reserve to start cutting interest rates too soon, despite...

Published 07 Feb, 2024 05:30am

Opinion

PBS needs a makeover

Policymaking at all levels of government requires precise, timely and accurate statistics to achieve various targets...

Published 05 Feb, 2024 06:08am

Business & Finance

Dollar jumps after strong jobs report

NEW YORK: The US dollar index jumped to a seven-week high on Friday after data showed that employers added far more...

Published 03 Feb, 2024 05:46am

Markets

Oil prices buoyed by US signals on interest rate cuts

NEW YORK: Oil prices edged higher on Thursday, boosted by the US Federal Reserve signalling a possible start to...

Published 02 Feb, 2024 05:20am

Business & Finance

Asian FX wobbles after Fed holds interest rates steady

BENGALURU: Asian currencies struggled for a clear direction on Thursday as investors assessed signals from the US...

Published 02 Feb, 2024 05:20am

Business & Finance

UBG leaders criticise maintaining interest rate at 22pc

KARACHI: The industrial sector has criticized the central bank for maintaining the policy rate at 22 percent, saying...

Published 31 Jan, 2024 05:22am

Business & Finance

Need stressed to reduce interest rate

KARACHI: Sheikh Umar Rehan, the former President of the Korangi Association of Trade and Industry (KATI), has...

Published 26 Jan, 2024 04:58am

Business & Finance

SBP’s monetary policy committee to meet on January 29

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday, January 29, 2024 to...

Updated 23 Jan, 2024 09:38pm

Markets

European shares slide more than 1pc on hawkish ECB remarks

PARIS: European shares declined on Wednesday as more hawkish remarks from European Central Bank (ECB) officials...

Published 18 Jan, 2024 05:54am

Markets

Copper weakens as dollar climbs amid strong inflation

LONDON: Copper prices retreated on Thursday from session highs as the dollar climbed after strong inflation data ...

Published 12 Jan, 2024 03:06am

Markets

European shares fall as hot US inflation data rains on rate-cut hopes

PARIS: European shares ended lower on Thursday after a hotter-than-anticipated US inflation reading doused hopes of...

Published 12 Jan, 2024 03:06am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
FTSE 100 / May 15	8445.80
Dow Jones / May 15	39908
Germany DAX 30 / May 15	18869.36
France CAC40 / May 15	8239.99
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26

Item	Value
Gold 10 Grams PKR / May 15	209191
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

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

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

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

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