Trends - lira - Business Recorder

lira

Turkish lira firms some 1pc as dollar trades around three-year low

The lira, which lost some 20% of its value last year, stood at 7.25 against the dollar at 0939 GMT.

Published 07 Jan, 2021 04:31pm

World

The European Union: six decades of twists and turns

On May 9, 1950, French foreign minister Robert Schuman unveils proposals for an economic union between France and West Germany.

Published 01 Jan, 2021 11:56am

Markets

Turkey central bank to keep policy tight and could hike more, chief says

The lira has hit a series of record lows beyond 8 to the U.S. dollar this year, but has recovered some ground since Agbal was named governor and delivered the rate hike.

Published 16 Dec, 2020 05:34pm

Markets

Turkey's lira falls past 8 per dollar; FX, stocks eye 6th week of gains

The currency lagged its EM peers, which were on course for a small but sixth straight week of gains thanks to a faltering dollar.

Published 11 Dec, 2020 05:54pm

Markets

Russia's rouble firms on higher oil prices; Turkish lira slips

The rouble rose about 0.3pc to hover at three-month highs against the dollar, also supported by hopes that a working COVID-19 vaccine would speed up a global economic recovery next year.

Published 04 Dec, 2020 06:40pm

Markets

Turkey's lira slips on higher than expected inflation

Russia's rouble dipped 0.3pc after service sector activity shrank for a second straight month in November, while South Africa's rand retreated after private sector activity expanded at a slower place.

Published 03 Dec, 2020 04:09pm

Markets

Turkey's lira leads EMEA FX gains, most currencies set for weekly rise

The lira strengthened 1.1pc by 0830 GMT after Turkey's central bank said it had scrapped a rule that nudged banks to ramp up cheap lending, following last week's large interest rate hike.

Published 27 Nov, 2020 03:37pm

Markets

Turkey's lira eyes second week of gains, EMEA stocks rise

The lira fell 0.6pc to 7.5959 against the dollar by 0858 GMT, as profit-taking emerged a day after the currency leaped to a near two-month high.

Published 20 Nov, 2020 04:54pm

Markets

Erdogan oust central bank chief after lira hits record lows

The Turkish currency, lira, has depreciated since the beginning of the year, falling by a record 30 percent.

Published 07 Nov, 2020 03:50pm

Markets

Turkish lira marks new low as geopolitical tensions weigh

At 0953 GMT, the lira was 0.4pc weaker at 7.9560, having touched an all-time low of 7.9600.

Published 14 Oct, 2020 06:16pm

Markets

Turkish lira hits record low on geopolitical concerns

The lira touched 7.9550, its weakest ever level.

Published 09 Oct, 2020 05:02pm

Markets

EMEA stocks and FX rise; Turkish lira hits all-time low

The lira sank 0.7pc to an all-time low of 7.9389 to the dollar, weighed by concerns over possible US sanctions, the Caucasus conflict and uneasy ties with the European Union.

Published 08 Oct, 2020 05:28pm

Markets

Turkish lira hits new record low on geopolitical concerns

The lira hit a record low of 7.87 against the US currency, weakening from a close of 7.8050 on Wednesday. By 1000 GMT it stood at 7.8550.

Published 07 Oct, 2020 03:59pm

Markets

Turkey's lira slides on US, EU sanctions risks

The lira slipped some 0.5% to as much as 7.8 against the dollar. It stood at 7.7950 at 1503 GMT.

Published 06 Oct, 2020 08:47pm

Markets

Turkish lira firms again after normalisation steps

The lira stood at 7.6750 against the dollar at 0715 GMT, firming from a close of 7.7440. Earlier, it firmed to as much as 7.6400.

Updated 01 Oct, 2020 08:35pm

Markets

Turkish lira rises from record lows, EM equities set for monthly decline

The Polish zloty and the Hungarian forint were up against the euro on Wednesday but were set for monthly declines of more than 2pc each.

Published 30 Sep, 2020 04:04pm

Markets

Lira hits new lows, rouble tumbles as Caucasus clashes intensify

The lira tumbled to 7.85 against the dollar, slumping for a third straight session and erasing gains from late last week following a surprise interest rate hike by the central bank.

Published 29 Sep, 2020 05:53pm

Markets

Turkish rate hike needs follow through for real game change

Although raising rates by 200 basis points during a global pandemic and slump is unusual, analysts welcomed the Central Bank of Turkey’s (CBT) response in the face of rising inflation.

Published 26 Sep, 2020 11:49am

Markets

Turkish lira grinds lower with no rate hike in sight

Concerns over Turkey's depleted FX reserves and sharply negative real interest rates have left the lira among the world's worst performers this year, down 22pc.

Published 23 Sep, 2020 03:27pm

Markets

Turkish lira at new low, central bank seen sticking to playbook

That could help protect the lira - which has tumbled 22pc this year and lost half its value since the end of 2017 - from a more dramatic fall.

Published 21 Sep, 2020 02:56pm

Markets

Turkey's lira recovers from all-time low; EM shares decline

That helped the currency rise 0.2pc against the dollar and on pace for a second straight session of gains.

Published 19 Aug, 2020 05:01pm

Markets

Turkish lira nears record low after minister shrugs off volatility

In response to the volatility, the central bank has halted cheap credit lines and on Thursday it funded the market at a simple rate of 10.96pc via a 20 billion lira repo that used traditional bids.

Published 13 Aug, 2020 05:35pm

Markets

Turkey's lira tumbles on worries of crisis as dollar firms

A fall in prices of the yellow metal also hurt miners in South Africa, which pushed the country's main equity index 0.5% lower.

Published 12 Aug, 2020 05:44pm

Markets

Turkish lira slides again as funding costs edge higher

The average cost of funding rose to 8.08pc, from 7.88pc last week and 7.34pc in mid-July.

Updated 10 Aug, 2020 05:25pm

Markets

Turkish lira slides 2.7pc against dollar, nearing record low

Annual consumer price inflation stood at 11.76pc in July, while the central bank's policy rate is 8.25pc, leaving real interest rates negative for lira depositors.

Published 06 Aug, 2020 03:44pm

Markets

Turkish lira leads EMEA FX gains as July factory data improves

The lira rose as much as 0.7pc to the dollar after data showed July manufacturing activity grew at its fastest rate in nine years.

Published 04 Aug, 2020 03:23pm

Markets

Turkish lira volatile again, dips beyond 7 vs dollar

The lira slipped to as far as 7.005 against the dollar before settling at 6.997 by 0922 GMT.

Published 30 Jul, 2020 04:05pm

Markets

Burst of selling hits Turkish lira after two steady months

It quickly rebounded and on Tuesday had settled to 6.875 by 0807 GMT, largely within a tight range it has remained in for two months.

Published 28 Jul, 2020 04:39pm

Markets

Turkish lira weakens 1pc after inflation rise

The lira has lost some 12pc of its value this year due to the impact of the coronavirus crisis and amid concerns over Turkey's depleted currency reserves and foreign financing needs.
The lira weakened as much as 1pc to 6.77 against the US currency a

Published 03 Jun, 2020 09:13pm

Markets

Turkish lira firms more than 1pc against dollar

The lira stood at 6.7300 against the dollar at 1330 GMT, firming from Monday's close of 6.8045.

Published 02 Jun, 2020 08:32pm

Gainers
Losers
Leaders

Stock	Price
First Prud Mod. / Jan 16 First Prudential Modaraba(PMI)	1.70 ▲ 0.37 (18.06%)
Hira Tex. / Jan 16 Hira Textile Mills Limited(HIRAT)	5.35 ▲ 1.76 (13.83%)
First Pak Modaraba / Jan 16 First Pak Modaraba(PAKMI)	2.12 ▲ 0.52 (12.77%)
First Credit & Inv. / Jan 16 First Credit and Investment Bank Limited(FCIBL)	9.35 ▲ 2.00 (11.44%)
Media Times / Jan 16 Media Times Limited(MDTL)	2.19 ▲ 0.34 (10.05%)
AN Textile / Jan 16 AN Textile Mills Limited(ANTM)	12.00 ▲ 2.00 (9.09%)
Power Cement Pref. / Jan 16 Power Cement Preference(POWERPS)	12.40 ▲ 0.90 (7.83%)
AKD Capital Ltd / Jan 16 AKD Capital Limited(AKDCL)	410.53 ▲ 28.64 (7.50%)
AL-Noor Sugar / Jan 16 Al-Noor Sugar Mills Limited(ALNRS)	62.35 ▲ 6.83 (7.50%)
MACPAC Films / Jan 16 MACPAC Films Limited(MACFL)	25.24 ▲ 1.91 (7.50%)

Stock	Price
Tri-Star / Jan 16 Tri-Star Mutual Fund Limited(TSMF)	6.35 ▼ 0.00 (-13.61%)
Sindh Modaraba / Jan 16 Sindh Modaraba(SINDM)	8.55 ▼ 0.00 (-7.57%)
IbrahimFibres / Jan 16 Ibrahim Fibres Limited(IBFL)	111.00 ▼ 11.52 (-7.50%)
Quetta Textile / Jan 16 Quetta Textile Mills Limited(QUET)	9.35 ▼ 2.37 (-7.33%)
Khairpur / Jan 16 Khairpur Sugar Mills Limited(KPUS)	49.05 ▼ 0.00 (-6.57%)
Buxly / Jan 16 Buxly Paints Limited(BUXL)	64.66 ▼ 0.43 (-5.76%)
Ravi Textile / Jan 16 Ravi Textile Mills Limited(RAVT)	10.00 ▼ 0.00 (-5.75%)
Gillette Pak. (R) / Jan 16 Gillette Pakistan Limited (R)(GLPLR)	325.00 ▼ 3.86 (-4.70%)
Dawood Lawrencepur / Jan 16 Dawood Lawrencepur Limited(DLL)	230.00 ▼ 0.00 (-4.15%)
Trust Sec.& Brok. / Jan 16 Trust Securities & Brokerage Limited(TSBL)	11.75 ▼ 0.00 (-4.08%)

Stock	Volume
Hum Network / Jan 16 Hum Network Limited(HUMNL)	57,531,000 ▼ 0.62
K-Electric Ltd / Jan 16 K-Electric Limited(KEL)	45,688,500 ▼ 0.09
Power Cement / Jan 16 Power Cement Limited(POWER)	29,144,000 ▼ 0.89
Fauji Fert. Bin / Jan 16 Fauji Fertilizer Bin Qasim Limited(FFBL)	25,893,000 ▼ 1.97
Kot Addu / Jan 16 Kot Addu Power Company Limited(KAPCO)	24,032,500 ▼ 2.48
Kohinoor Sp. / Jan 16 Kohinoor Spinning Mills Limited(KOSM)	23,663,000 ▼ 1.06
Byco Petr. / Jan 16 Byco Petroleum Pakistan Limited(BYCO)	21,789,500 ▼ 0.27
Pakistan Refinery / Jan 16 Pakistan Refinery Limited(PRL)	18,588,000 ▼ 0.44
Faysal Bank / Jan 16 Faysal Bank Limited(FABL)	17,901,500 ▼ 1.27
Fauji Foods / Jan 16 Fauji Foods Limited(FFL)	17,735,500 ▼ 0.28

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 16	160.35
USD PKR Interbank Buying / Jan 16	160.20
USD to Japanese Yen / Jan 16	103.90
USD to Swiss Franc / Jan 16	0.89
Pound Sterling to USD / Jan 16	1.36
Euro to USD / Jan 16	1.21

Stock	Volume
S&P 500 / Jan 16	3770.02
India Sensex / Jan 16	49034.67
Tokyo Nikkei / Jan 16	28519.18
Nasdaq / Jan 16	12998.50
Hang Seng / Jan 16	28573.86
FTSE 100 / Jan 16	6735.71
Dow Jones / Jan 16	30814.26
Germany DAX 30 / Jan 16	13787.73
France CAC40 / Jan 16	5611.69

Indicator	Value
Weekly Foreign Reserves / Jan 8	20512.10
GDPGROWTH / Jan 8	1.00
Foreign Debt (PKR billions) / Jan 8	17000.00
Average CPI % / Jan 8	11.11
UK LIBOR % / Jan 16	0.09

lira

Turkish lira firms some 1pc as dollar trades around three-year low

The European Union: six decades of twists and turns

Turkey central bank to keep policy tight and could hike more, chief says

Turkey's lira falls past 8 per dollar; FX, stocks eye 6th week of gains

Russia's rouble firms on higher oil prices; Turkish lira slips

Turkey's lira slips on higher than expected inflation

Turkey's lira leads EMEA FX gains, most currencies set for weekly rise

Turkey's lira eyes second week of gains, EMEA stocks rise

Erdogan oust central bank chief after lira hits record lows

Turkish lira marks new low as geopolitical tensions weigh

Turkish lira hits record low on geopolitical concerns

EMEA stocks and FX rise; Turkish lira hits all-time low

Turkish lira hits new record low on geopolitical concerns

Turkey's lira slides on US, EU sanctions risks

Turkish lira firms again after normalisation steps

Turkish lira rises from record lows, EM equities set for monthly decline

Lira hits new lows, rouble tumbles as Caucasus clashes intensify

Turkish rate hike needs follow through for real game change

Turkish lira grinds lower with no rate hike in sight

Turkish lira at new low, central bank seen sticking to playbook

Turkey's lira recovers from all-time low; EM shares decline

Turkish lira nears record low after minister shrugs off volatility

Turkey's lira tumbles on worries of crisis as dollar firms

Turkish lira slides again as funding costs edge higher

Turkish lira slides 2.7pc against dollar, nearing record low

Turkish lira leads EMEA FX gains as July factory data improves

Turkish lira volatile again, dips beyond 7 vs dollar

Burst of selling hits Turkish lira after two steady months

Turkish lira weakens 1pc after inflation rise

Turkish lira firms more than 1pc against dollar

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