Trends - interest rates - Business Recorder

interest rates

Dar should tread carefully

PML-N’s (Pakistan Muslim League-Nawaz’s) finance czar and rupee-stabiliser, Ishaq Dar, is back in the saddle....

Published 03 Oct, 2022 06:16am

Business & Finance

SECP empowered to take action against ‘digital lenders’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is empowered to take action against the digital...

Updated 27 Sep, 2022 09:43am

Business & Finance

Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates

TOKYO: Japan intervened in the foreign exchange market on Thursday to buy yen for the first time since 1998, in an...

Updated 23 Sep, 2022 05:41pm

Business & Finance

Fed to raise interest rates to 4pc next year

NEW YORK: Wednesday’s consumer price index report showing US inflation didn’t accelerate in July was the first...

Published 11 Aug, 2022 04:35am

Business & Finance

Dollar falls against yen

NEW YORK: The US dollar was at its lowest level since mid-June against the Japanese yen on Monday as investors...

Published 02 Aug, 2022 05:36am

Editorials

Economy: light at the end of the tunnel?

EDITORIAL: The federal ministry of finance has uploaded the Monthly Economic Update for July on its website which...

Published 01 Aug, 2022 06:51am

Business & Finance

Canadian dollar weakens 0.1pc

TORONTO: The Canadian dollar edged lower against its US counterpart on Friday but notched its second straight weekly...

Published 01 Aug, 2022 05:54am

Country on the brink of collapse: APTMA

KARACHI: Pakistan is currently on the brink of economic collapse. With depleting foreign currency reserves, rising...

Updated 30 Jul, 2022 09:43am

Markets

US stocks gain ahead of Fed interest rate decision

NEW YORK: Wall Street stocks climbed early Wednesday ahead of a Federal Reserve decision on raising interest rates...

Published 27 Jul, 2022 07:10pm

Business & Finance

Russian rouble falls past 58 vs dollar

MOSCOW: The Russian rouble fell past 58 against the dollar in jittery Moscow trade on Monday, adjusting to the...

Published 26 Jul, 2022 04:31am

Business & Finance

Russian central bank slashes key rate to 8%, will study need for more cuts

MOSCOW: Russia’s central bank cut its key interest rate by a sharper-than-expected 1.5 points to 8.0% on Friday and...

Published 22 Jul, 2022 05:22pm

Markets

Strong results lift Europe’s STOXX 600; ECB hikes rates 50 bps

PARIS: Europe’s STOXX 600 share index rose on Thursday, boosted by a run of upbeat corporate results although ...

Published 22 Jul, 2022 06:07am

Business & Finance

Citigroup results boosted by trading, higher interest rates

NEW YORK: Citigroup reported better-than-expected results Friday following a strong performance in trading, as...

Published 18 Jul, 2022 06:22am

Business & Finance

Australian dollar sees some relief on talk of bigger RBA rate hikes

SINGAPORE: The Australian dollar received a brief respite on Friday after a resoundingly strong jobs report prompted...

Published 16 Jul, 2022 04:20am

Business & Finance

EFS, LTFF rates linked with policy rate

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has linked the interest rates of...

Published 08 Jul, 2022 05:36am

Policy rate hiked by 125bps to 15pc to cool economy, contain inflation, propel PKR

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday decided to raise the...

Updated 08 Jul, 2022 09:30am

Business & Finance

Fed flags risk US inflation could become entrenched

WASHINGTON: US central bankers last month flagged the concern that sky-high inflation could become persistent and...

Updated 07 Jul, 2022 11:14am

Business & Finance

Bangladesh raises interest rate by 50bps to fight inflation

DHAKA: Bangladesh’s central bank raised its key interest rates by half a percentage point on Thursday, its second...

Published 01 Jul, 2022 06:13am

Business & Finance

Riba-based banking: SBP seeks guidance from Shariat Appelate Bench of Supreme Court

Requests guidance in implementation, practicalities of ending interest-based banking system

Updated 25 Jun, 2022 08:16pm

Markets

Oil rises over 2pc, but still set for weekly drop on recession fears

NEW YORK: Oil rose by more than 2% on Friday supported by tight supply, although crude was heading for a second...

Published 25 Jun, 2022 04:42am

Markets

Gold firms as economic fears return to centre stage

LONDON: Gold rose on Wednesday as renewed fears of a recession bolstered bullion’s allure as a safe haven and...

Published 23 Jun, 2022 06:05am

Business & Finance

Bank of Japan keeps easing policy despite US, Europe rate hikes

TOKYO: The Bank of Japan on Friday stuck to its long-held monetary easing policy even as other central banks around...

Published 18 Jun, 2022 06:00am

Opinion

Outlook for inflation

The multilateral agencies, World Bank, and the IMF, have recently updated their projections of the rate of inflation...

Published 14 Jun, 2022 05:56am

Business & Finance

UK minister denies billions wasted over rising interest rates

LONDON: A British minister on Friday denied a claim that the Treasury’s decision not to insure against Bank of...

Published 11 Jun, 2022 06:13am

Business & Finance

Turkey’s lira drops as traders, govt seek new foothold

ANKARA: Turkey’s lira tumbled more than 2% on Wednesday as worries grew over a surge in inflation and depleted...

Published 09 Jun, 2022 06:18am

World

US consumer confidence edges down in May; house prices soar in March

WASHINGTON: US consumer confidence eased modestly in May as persistently high inflation and rising interest rates...

Published 31 May, 2022 09:44pm

Business & Finance

Rouble rallies past 62 vs dollar

MOSCOW: The rouble firmed sharply in volatile trade on the Moscow Exchange on Monday, reversing some of last ...

Published 31 May, 2022 05:11am

Business & Finance

Fed’s Waller backs 50 bps rate hikes until “substantial” reduction in inflation

FRANKFURT: The U.S. Federal Reserve should be prepared to raise interest rates by a half percentage point at every...

Published 30 May, 2022 10:45pm

Business & Finance

Australia dollar pushes to three-week highs

SYDNEY: The Australian dollar pushed to three-week highs on Friday as a solid report on retail sales showed ...

Published 28 May, 2022 05:11am

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

Gainers
Losers
Leaders

Stock	Price
First Tri-Star Mod. / Oct 3 First Tri-Star Modaraba(FTSM)	6.50 ▲ 0.89 (15.86%)
Unicap Modaraba / Oct 3 Unicap Modaraba(UCAPM)	2.23 ▲ 0.23 (11.50%)
Paramount Mod / Oct 3 First Paramount Modaraba(FPRM)	8.79 ▲ 0.81 (10.15%)
Merit Packaging / Oct 3 Merit Packaging Limited(MERIT)	9.25 ▲ 0.71 (8.31%)
Shaheen Ins. / Oct 3 Shaheen Insurance Company Limited(SHNI)	3.39 ▲ 0.24 (7.62%)
Bal. Wheel / Oct 3 Baluchistan Wheels Limited(BWHL)	65.68 ▲ 4.58 (7.50%)
Hub Power Co. / Oct 3 The Hub Power Company Limited(HUBC)	75.15 ▲ 5.24 (7.50%)
Tandlianwala Sugar / Oct 3 Tandlianwala Sugar Mills Limited(TSML)	91.50 ▲ 6.38 (7.50%)
Habib Rice Products / Oct 3 Habib Rice Product Limited(HRPL)	37.62 ▲ 2.62 (7.49%)
Janana D Mal / Oct 3 Janana De Malucho Textile Mills Limited(JDMT)	49.10 ▲ 3.42 (7.49%)

Stock	Price
Trust Mod. / Oct 3 Trust Modaraba(TRSM)	1.80 ▲ -0.60 (-25.00%)
Universal Ins. / Oct 3 The Universal Insurance Company Limited(UVIC)	3.27 ▲ -0.73 (-18.25%)
Ghazi Fabrics / Oct 3 Ghazi Fabrics International Limited(GFIL)	4.45 ▲ -0.57 (-11.35%)
Quetta Textile / Oct 3 Quetta Textile Mills Limited(QUET)	8.02 ▲ -0.97 (-10.79%)
First Elite Cap.Mod / Oct 3 First Elite Capital Modaraba(FECM)	3.05 ▲ -0.35 (-10.29%)
Dandot Cement / Oct 3 Dandot Cement Company Limited(DNCC)	7.01 ▲ -0.79 (-10.13%)
PICIC Ins.Ltd. / Oct 3 PICIC Insurance Limited(PIL)	0.90 ▲ -0.09 (-9.09%)
TPL Trakker Ltd / Oct 3 TPL Trakker Limited(TPLT)	8.07 ▲ -0.79 (-8.92%)
Jahangir Sidd(Pref) / Oct 3 Jahangir Sidd(Pref)(JSCLPSA)	8 ▲ -0.75 (-8.57%)
Land Mark Spinning / Oct 3 Landmark Spinning Industries Limited(LMSM)	11.75 ▲ -1.00 (-7.84%)

Stock	Volume
Hub Power Co. / Oct 3 The Hub Power Company Limited(HUBC)	30,832,429 ▼ 0.00
TRG Pak Ltd / Oct 3 TRG Pakistan Limited(TRG)	15,953,534 ▼ 0.00
Habib Bank / Oct 3 Habib Bank Limited(HBL)	13,112,402 ▼ 0.00
Unity Foods Ltd / Oct 3 Unity Foods Limited(UNITY)	12,196,726 ▼ 0.00
Hascol Petrol / Oct 3 Hascol Petroleum Limited(HASCOL)	8,853,500 ▼ 0.00
TPL Properties / Oct 3 TPL Properties Limited(TPLP)	7,951,766 ▼ 0.00
Avanceon Ltd / Oct 3 Avanceon Limited(AVN)	6,238,900 ▼ 0.00
WorldCall Telecom / Oct 3 Worldcall Telecom Limited(WTL)	5,746,500 ▼ 0.00
Cnergyico PK / Oct 3 Cnergyico PK Limited(CNERGY)	5,744,780 ▼ 0.00
Pak Int.Bulk / Oct 3 Pakistan International Bulk Terminal(PIBTL)	4,442,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 3	228.30
USD PKR Interbank Buying / Oct 3	227.30
USD to Swiss Franc / Sep 30	0.99
USD to Japanese Yen / Oct 3	144.81
Pound Sterling to USD / Oct 3	1.11
Euro to USD / Oct 3	0.98
UK LIBOR % / Sep 29	3.06

Stock	Volume
S&P 500 / Sep 30	3585.62
Nasdaq / Sep 30	10575.62
Dow Jones / Sep 30	28725.51
India Sensex / Oct 3	57426.92
Tokyo Nikkei / Oct 3	26215.79
Hang Seng / Oct 3	17079.51
FTSE 100 / Oct 3	6855.67
Germany DAX 30 / Oct 3	11992.26
France CAC40 / Oct 3	5708.59

Item	Value
Crude Oil USD/Barrel / Sep 30	79.49
Karachi Cotton PKR/37.32 KG / Sep 30	20735
Gold 10 Grams PKR / Sep 30	124743
Cotton US¢/pound / Sep 30	85.34
Gold Spot USD/Ounce / Oct 3	1660.48

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