Topic

Lebanon's GDP

Lebanon’s parliament passes 2024 budget, shunning major reforms

Published 27 Jan, 2024 02:17pm

BEIRUT: Lebanon’s parliament passed an amended budget for 2024 that experts said neglected to include crucial...

Published 08 Nov, 2021 08:31pm

BEIRUT: The Arab League Monday backed the resignation of Lebanon's information minister whose comments on the Yemen...

Published 12 Sep, 2021 11:06am

BEIRUT: Lebanon's new government, finally formed in the throes of an accelerating economic meltdown after 13 months...

Published 25 Aug, 2021 11:35am

Officials say the meeting, which will also discuss the war in Yemen, Lebanon's collapse and a regional water crisis

Published 14 Aug, 2021 04:23pm

Foreign exchange reserves have dwindled in recent months to now stand at $14 billion -- approaching the minimum the bank is required to hold
"I will not review the removal of subsidies on fuel unless the use of compulsory reserves is legalised": governor

Published 28 Jul, 2021 09:58am

Published 29 Jun, 2021 04:58pm

The energy ministry said the average price of 20 litres of 95-octane gasoline was increased by 35% to 61,100 pounds.
Protesters blocked roads with burning garbage and tyres in Beirut on Monday. President Michel Aoun said the new prices should ease the crisis.

Published 19 Jun, 2021 05:08pm

"The crisis Lebanon is facing is a domestic crisis. It's a self-imposed crisis."
"It's not a crisis coming from abroad or from external factors. It's a home-made crisis, a crisis done by yourselves."

Updated 16 Jun, 2021 07:57pm

The bank reiterated that it would not use mandatory reserves to fund subsidies, which currently cost around $6 billion a year.
Lebanon's hard currency reserves have slumped from over $30 billion in late 2019 to just over $15 billion in March.

Published 20 May, 2021 06:48pm

President Michel Aoun said in March that banks would be allowed to handle transactions at market rates, but the central bank has only issued mechanisms in past weeks for the exchange platform.
It did not say whether customers would in future also be able to use the central bank's new Sayrafa platform to receive Lebanese pounds when selling dollars at a similar rate.

Published 14 Apr, 2021 05:35pm

The bank said it had been forced to sell dollars in recent months to prevent inflation, which has already reached 84%, from spiralling as high as 275%, and the remaining reserves needed to be protected.
The Central Bank said the government should act quickly because of "the danger of the situation and the economic and social impact of any delay."

1D 5D 3M 6M 1Y

Currency	Rate
USD PKR Interbank Selling / Jul 21	278.12
USD PKR Interbank Buying / Jul 21	277.92
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 21	3.59

Stock	Price
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	2.39 ▲ 0.24 (11.16%)
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Gammon Pak / Jul 21 Gammon Pakistan Limited(GAMON)	21.98 ▲ 2 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Biafo Ind. / Jul 21 Biafo Industries Limited(BIFO)	130.83 ▲ 11.89 (10%)
Dewan Farooque Sp. / Jul 21 Dewan Farooque Spinning Mills Limited(DFSM)	18.15 ▲ 1.65 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)

Stock	Price
United Insurance / Jul 21 The United Insurance Company(UNIC)	12.68 ▼ -1.41 (-10.01%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	414.40 ▼ -46.02 (-10%)
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.05 ▼ -8.78 (-10%)
Shams Textile / Jul 21 Shams Textile Mills Limited(STML)	57.58 ▼ -6.4 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
Pakistan Credit Rating Agency / Jul 21 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36 ▼ -3.62 (-9.14%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	22.90 ▼ -2.21 (-8.8%)
Frontier Ceramics / Jul 21 Frontier Ceramics Limited(FRCL)	98.02 ▼ -7.77 (-7.34%)
Azgard Nine (Non-Voti) / Jul 21 Azgard Nine (Non-Voti)(ANLNV)	7.71 ▼ -0.61 (-7.33%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	263,436,960 ▼ -0.69
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	110,849,016 ▲ 0.24
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	73,851,952 ▲ 0.89
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	58,224,946 ▲ 0
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	26,116,799 ▲ 0.02
TPL Corp Ltd / Jul 21 TPL Corp Limited(TPL)	24,336,000 ▲ 0.97
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	22,413,148 ▲ 0.03
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	20,069,620 ▲ 0.41
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	15,692,784 ▲ 0.14
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	13,608,067 ▼ -2.01