Trends - lira - Business Recorder

lira

Turkey’s 2022 budget deficit 139bn lira

ISTANBUL: The Turkish budget deficit was 139.1 billion lira ($7.4 billion) last year and its ratio to gross domestic...

Published 16 Jan, 2023 01:37pm

Business & Finance

Turkish lira steps back from record low against dollar

ISTANBUL: Turkey’s lira briefly touched a record low of 18.8440 against the dollar early on Monday during low...

Published 27 Dec, 2022 06:07am

Markets

Turkish lira weakens to record low of 18.7 against dollar

ANKARA: Turkey’s lira weakened to a fresh record low of 18.7 against the dollar on Friday, extending its losses this...

Published 23 Dec, 2022 02:30pm

Pakistan

Customs foils bid to smuggle foreign currency

KARACHI: The Collectorate of Customs, Karachi airport, on Monday foiled an attempt to smuggle a substantial amount ...

Published 20 Dec, 2022 05:58am

Business & Finance

Turkish Sept budget deficit 78.63bn lira

ANKARA: The Turkish central government budget showed a deficit of 78.63 billion lira ($4.23 billion) in September,...

Published 17 Oct, 2022 02:27pm

Business & Finance

Turkish inflation seen nearing 85% in September, around 72% at year-end

ISTANBUL: Turkey’s annual inflation is expected to climb near 85% in September and it was seen declining only to 72%...

Published 03 Oct, 2022 11:29am

Business & Finance

Turkish central bank stuns markets again with 100 basis-point rate cut, lira hits new low

ISTANBUL: Turkey's central bank delivered another surprise 100 basis-point rate cut on Thursday, sending the lira...

Published 22 Sep, 2022 07:03pm

Markets

Turkish central bank raises forex to lira conversion requirements for banks

ISTANBUL: Turkey’s central bank raised the minimum percentage of foreign exchange deposits that banks need to...

Published 31 Aug, 2022 11:47am

Markets

Turkish budget records 64bn lira deficit in July

ANKARA: The Turkish government’s central budget recorded a deficit of 64 billion lira ($3.56 billion) in July, data...

Published 15 Aug, 2022 01:25pm

Markets

Turkey’s lira weakens 1% further as policy concerns revive

ISTANBUL: The Turkish lira slid again on Wednesday, extending its losing run to a week due to underlying dollar...

Published 06 Jul, 2022 01:16pm

Markets

Turkey’s lira falls beyond 16.3 vs dollar as FX need grows

ANKARA: Turkey’s lira slid beyond 16.35 against the dollar on Wednesday to its weakest level since the depths of a...

Published 25 May, 2022 06:06pm

Business & Finance

Turkey tweaks bank trading guidelines as lira slips

ISTANBUL: Turkish authorities asked banks to carry out foreign exchange transactions with corporate clients between...

Published 11 May, 2022 04:58am

Markets

Turkey’s protection scheme helped cut FX deposits, says Treasury

ANKARA: The share of hard currency deposits in Turkey’s banking system has fallen more than 10 percentage points...

Published 24 Mar, 2022 05:36am

Business & Finance

Lira at December lows

ISTANBUL: The Turkish lira slid for an eighth consecutive session on Thursday on concerns about the impact of the...

Published 11 Mar, 2022 05:12am

Markets

Turkish lira slides again as Ukraine conflict weighs

ISTANBUL: The Turkish lira weakened 0.5% on Tuesday and was down a sixth straight session due to Russia’s invasion...

Published 08 Mar, 2022 01:22pm

Business & Finance

With weak lira, Turkey woos foreign firms

ISTANBUL: There is a silver lining to Turkey's currency crisis and the global supply chain crunch: The country is...

Published 20 Feb, 2022 11:40am

Markets

Turkey gets $3bn in first dollar debt sale since lira crash

DUBAI: Turkey sold $3 billion in Islamic bonds on Wednesday, in its first U.S. dollar-denominated debt sale since...

Published 16 Feb, 2022 09:57pm

Business & Finance

Turkish cenbank’s net FX reserves surge to $16.33bn

ISTANBUL: The Turkish central bank’s net international reserves leapt $5.8 billion last week to $16.33 billion as...

Published 11 Feb, 2022 04:31am

Markets

Turkey pitches its unorthodox policy to London investors

ANKARA: The lira weakened on Tuesday as Finance Minister Nureddin Nebati pitched Turkey's unorthodox economic policy...

Published 08 Feb, 2022 01:25pm

Business & Finance

Turkey's inflation surges to two-decade high of 48.7%

ISTANBUL: Turkey's annual inflation jumped to a 20-year high of 48.69% in January, a bit more than expected ...

Published 03 Feb, 2022 01:11pm

Markets

Turkish central bank to determine maximum interest rate on converted lira deposits

ISTANBUL: Turkish central bank will determine the maximum interest rate on foreign currency and gold deposit ...

Published 01 Feb, 2022 10:02am

Markets

Turkey keeps lira in check with low-key interventions

ANKARA: Turkey's central bank has scaled back its currency interventions in January but still spent as much as $1...

Published 31 Jan, 2022 11:09am

Business & Finance

Turkey keeps lira in check with low-key interventions

ANKARA: Turkey’s central bank has scaled back its currency interventions in January but still spent as much as $1...

Published 31 Jan, 2022 07:10am

Markets

Turkey central bank working to build FX reserves, governor says

ISTANBUL: Turkey's central bank governor said efforts were continuing to build up foreign exchange reserves, after a...

Published 27 Jan, 2022 03:37pm

Markets

Turkey's steps to calm lira crisis, bolster FX reserves

ISTANBUL: Responding to an exchange rate crisis and spiralling inflation, Turkey's government has implemented a...

Published 27 Jan, 2022 02:37pm

Markets

Turkey passes law exempting converted lira deposits from corporate tax

ISTANBUL: Turkey's parliament approved a law late on Thursday under which lira deposits converted from foreign...

Published 21 Jan, 2022 03:30pm

Markets

Turkey strikes currency swap deal with UAE as ties warm

ISTANBUL: Turkey and the United Arab Emirates said on Wednesday they had agreed a nearly $5-billion swap deal in...

Published 19 Jan, 2022 02:41pm

Markets

Turkish lira weakens nearly 3%, giving up Wednesday's gains

The lira stood at 13.5525 against the dollar at 0727 GMT, down from a close of 13.2890 the previous day

Published 13 Jan, 2022 02:06pm

Markets

Turkish lira holds firm after wild ride; World Bank cuts growth view

ISTANBUL: Turkey's lira continued a stable trend on Wednesday, in sharp contrast to a volatile plunge last month, as...

Published 12 Jan, 2022 02:48pm

Business & Finance

Turkish lira up slightly

ISTANBUL: Turkey’s lira gained in early trade on Monday, reversing some of last week’s losses as government...

Published 11 Jan, 2022 06:33am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 5 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 5 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 5 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 5 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 5 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 5 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 5 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 5 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 5 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 5 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Volume
Hub Power Co. / Feb 5 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.00
Cnergyico PK / Feb 5 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.00
Dewan Motors / Feb 5 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.00
Gul Ahmed / Feb 5 Gul Ahmed Textile Mills Limited(GATM)	4,995,028 ▼ 0.00
WorldCall Telecom / Feb 5 Worldcall Telecom Limited(WTL)	4,832,816 ▼ 0.00
TRG Pak Ltd / Feb 5 TRG Pakistan Limited(TRG)	4,574,299 ▼ 0.00
Lotte Chemical / Feb 5 Lotte Chemical Pakistan Limited(LOTCHEM)	3,805,565 ▼ 0.00
K-Electric Ltd. / Feb 5 K-Electric Limited(KEL)	3,686,127 ▼ 0.00
Pak Petroleum / Feb 5 Pakistan Petroleum Limited(PPL)	3,499,066 ▼ 0.00
Nishat Chun.Pow. / Feb 5 Nishat Chunian Power Limited(NCPL)	3,492,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 3	277.17
USD PKR Interbank Buying / Feb 3	278.67
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
India Sensex / Feb 3	60841.88
Tokyo Nikkei / Feb 3	27509.46
Nasdaq / Feb 3	12006.96
Hang Seng / Feb 3	21660.47
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94

Item	Value
Crude Oil USD/Barrel / Feb 3	73.39
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Gold Spot USD/Ounce / Feb 3	1864.97
Cotton US¢/pound / Feb 3	85.43

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