Trends - lira - Business Recorder

lira

Turkey fines Google for abusing dominant position

ANKARA: Turkey’s Competition Board said on Wednesday it had fined Google more than 296 million lira ($36.65...

Updated 15 Apr, 2021 10:09am

Markets

Turkish lira hurt by high inflation; other currencies gain

Turkish central bank uncertainty continues to weigh.
EM FX index hits two-week high, stocks gain.
EM inflows at near one-year low.

Published 06 Apr, 2021 08:00pm

Business & Finance

Turkish inflation climbs above 16pc after lira decline

Month-on-month, consumer prices rose 1.08pc, the Turkish Statistical Institute said, compared to a Reuters poll forecast of 1.04pc.

Published 05 Apr, 2021 12:27pm

Business & Finance

Turkish lira up

ISTANBUL: Turkey’s lira strengthened some 1% against the dollar on Friday, supported by a fall in US bond yields, ...

Published 03 Apr, 2021 03:41am

Markets

Rising US yields a villain in EM FX growth story, sell-off likely by end-June

BENGALURU/JOHANNESBURG: Battered emerging market currencies will only pare some of their recent steep losses over ...

Published 03 Apr, 2021 03:41am

Markets

Turkish lira weakens 0.6% after central bank deputy removed

The currency plunged after the central bank governor was removed in a surprise move last week.

Published 30 Mar, 2021 01:01pm

Markets

Turkish banks restructured $4.3bn in 1.5 years

The Turkish Banking Association said on Monday.

Published 29 Mar, 2021 02:28pm

Business & Finance

Dollar off recent highs as investors look to Fed, Yellen for bond clues

The Turkish lira showed some sign of stability following a 7.5% dive on Monday after President Tayyip Erdogan sacked a hawkish central bank chief.

Published 23 Mar, 2021 10:19am

Business & Finance

Russian rouble dives towards 75 against dollar on sanctions risk, lira slump

MOSCOW: The Russian rouble tumbled towards 75 against the dollar in volatile trade on Monday, touching a more than...

Updated 23 Mar, 2021 05:14pm

Business & Finance

Early trade in New York: Dollar slips; lira tanks

NEW YORK: The US dollar slipped from four-month highs against a basket of currencies on Monday, following a small ...

Updated 23 Mar, 2021 05:14pm

Business & Finance

Dollar dominates, lira slides in Europe

LONDON: The US dollar held near a four-month high on Monday as rising US Treasury yields fuelled demand for the...

Updated 23 Mar, 2021 05:14pm

Markets

Turkey tries to calm market turmoil after top banker sacked

The carnage on Turkish financial markets carried over to the Istanbul stock exchange.

Published 22 Mar, 2021 05:46pm

Markets

Turkish lira hit by central bank sacking, yen and dollar gain

The yen rose against the euro and the antipodean currencies on speculation that Japanese investors who have been buying the lira recently for its high rates will cut losses and close out their positions.

Published 22 Mar, 2021 11:41am

Markets

Turkish lira plunges 14pc after Central Bank governor sacked

Aqbal is the third person to hold the post of central bank governor in the last two years.

Published 22 Mar, 2021 11:29am

Business & Finance

Goldman sees immediate lira risk after Turkish central bank ouster

ISTANBUL: President Tayyip Erdogan’s ousting of Turkey’s hawkish central bank chief sharply raises prospects of...

Updated 22 Mar, 2021 09:43am

Business & Finance

Turkish central bank goes ‘above and beyond’ with rate hike to 19pc

ISTANBUL: Turkey’s central bank hiked rates by 200 basis points to 19% on Thursday, twice the market expectation ...

Published 19 Mar, 2021 05:32am

Markets

Turkish lira slightly weaker ahead of key rate decision

Lira's depreciation can lead to higher import costs, risking further raising inflation, which the central bank expects to drop to 9.4% by year-end.

Published 18 Mar, 2021 01:03pm

Business & Finance

Lira rebounds strongly

ISTANBUL: The Turkish lira rallied nearly 2% against the dollar on Tuesday after hitting its weakest since...

Published 10 Mar, 2021 04:59am

Business & Finance

Turkish lira slides

ISTANBUL: Turkey’s lira skidded nearly 2.3% on Monday and has fallen in 10 of the last 11 sessions as domestic...

Updated 09 Mar, 2021 09:36am

Business & Finance

Turkish net FX reserves climb to $13.93bn

The exchange rate used by Reuters on Thursday was 7.1924 compared to 6.9527 the previous week.
The reserves plunged last year as state banks sold off an estimated total of $130 billion to stabilise the ailing lira, which still lost 20% of its value in 2020.

Published 04 Mar, 2021 05:59pm

Business & Finance

Rising Turkish inflation puts rate hike option back in focus

ISTANBUL: Turkish inflation rose above 15% in February to levels it last hit in mid-2019, according to data on...

Updated 04 Mar, 2021 09:33am

Business & Finance

Volatile Turkish lira rebounds

ISTANBUL: The Turkish lira soared 2.5% in volatile trade on Monday, rebounding decisively from its worst weekly loss...

Updated 02 Mar, 2021 09:44am

Markets

Turkish lira dips, erasing gains against dollar this year

The lira had rallied 20% since November when the finance minister and central bank governor were replaced and President Tayyip Erdogan pledged a new market-friendly economic era.

Published 26 Feb, 2021 12:25pm

Markets

Turkish lira rises after dipping during overnight trade

The currency has rallied more than 20% since November, when Finance Minister Berat Albayrak and Central Bank Governor Murat Uysal departed.

Published 24 Feb, 2021 09:55am

Markets

Turkey's central bank seen keeping policy rate unchanged

Turkey's annual inflation rate climbed more than expected to some 15% last month and central bank governor Agbal said a possible interest rate cut will not be on agenda for a long time this year.

Published 18 Feb, 2021 11:45am

Business & Finance

Turkish lira jumps

ISTANBUL: Turkey's lira hit its strongest level since August on Friday and cemented its position as the...

Published 06 Feb, 2021 04:06am

Markets

Turks' hard currency holdings falls from record high

The holdings stood at $236.11 billion the previous week.
Foreign investors bought $418.7 million worth of Turkish government bonds in the week to Jan. 29, and sold $493.7 million worth of stocks.

Published 04 Feb, 2021 05:42pm

Business & Finance

Turkish lira up 1.5pc to August levels

ISTANBUL: Turkey’s lira rallied 1.5% to its strongest since August on Monday and a risk gauge dropped to close to...

Published 02 Feb, 2021 04:29am

Markets

Lira hits 5-month high on manufacturing boost, stocks recover

Data showed Russia's manufacturing activity returned to growth in January.

Published 01 Feb, 2021 02:58pm

Markets

Turkish central bank holds 2021 inflation forecast firm at 9.4%

In a briefing on its latest quarterly inflation report, Agbal said the bank forecast that inflation will fall to 7% at the end of 2022. The official target is between 3% and 7% on an annual basis.

Published 28 Jan, 2021 01:07pm

Gainers
Losers
Leaders

Stock	Price
First Equity Mod. / Apr 21 First Equity Modaraba(FEM)	4.00 ▲ 0.74 (22.70%)
Media Times / Apr 21 Media Times Limited(MDTL)	3.79 ▲ 0.47 (14.16%)
SME Leasing Ltd. / Apr 21 SME Leasing Limited(SLL)	3.35 ▲ 0.35 (11.67%)
Pak Gulf Leas. / Apr 21 Pak-Gulf Leasing Company Limited(PGLC)	9.30 ▲ 0.95 (11.38%)
Summit Bank / Apr 21 Summit Bank Limited(SMBL)	1.58 ▲ 0.16 (11.27%)
Pak. P.V.C. / Apr 21 Pakistan PVC Limited(PPVC)	3.79 ▲ 0.38 (11.14%)
Sana Ind. (R) / Apr 21 Sana Industries (R)(SNAIR)	11.01 ▲ 1.00 (9.99%)
Service Fab. / Apr 21 Service Fabrics Limited(SERF)	12.35 ▲ 1.00 (8.81%)
Telecard / Apr 21 Telecard Limited(TELE)	12.87 ▲ 1.00 (8.42%)
Dewan Sugar / Apr 21 Dewan Sugar Mills Limited(DWSM)	2.80 ▲ 0.20 (7.69%)

Stock	Price
Service Ind. / Apr 21 Service Industries Limited(SRVI)	610.00 ▲ -578.70 (-48.68%)
Popular Islamic Mod. / Apr 21 Popular Islamic Modaraba(PIM)	5.50 ▲ -0.95 (-14.73%)
Dawood Equities / Apr 21 Dawood Equities Limited(DEL)	5.05 ▲ -0.80 (-13.68%)
First Credit & Inv. / Apr 21 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ -0.99 (-13.20%)
Reliance Ins. / Apr 21 Reliance Insurance Company Limited(RICL)	7.10 ▲ -0.70 (-8.97%)
Universal Ins. / Apr 21 The Universal Insurance Company Limited(UVIC)	4.49 ▲ -0.40 (-8.18%)
Shahtaj Textile / Apr 21 Shahtaj Textile Limited(STJT)	102.68 ▲ -8.32 (-7.50%)
Tandlianwala / Apr 21 Tandlianwala Sugar Mills Limited(TSML)	124.31 ▲ -10.07 (-7.49%)
Premier Sugar / Apr 21 The Premier Sugar Mills(PMRS)	335.50 ▲ -27.00 (-7.45%)
Sapphire Fib. / Apr 21 Sapphire Fibres Limited(SFL)	815.00 ▲ -64.99 (-7.39%)

Stock	Volume
Worldcall / Apr 21 Worldcall Telecom Limited(WTL)	56,221,000 ▼ 0.00
Unity Foods / Apr 21 Unity Foods Limited(UNITY)	30,439,788 ▼ 0.00
Ghani Global Hold. / Apr 21 Ghani Global Holdings Limited(GGL)	24,130,000 ▼ 0.00
TRG Pak. / Apr 21 TRG Pakistan Limited(TRG)	18,897,319 ▼ 0.00
Telecard / Apr 21 Telecard Limited(TELE)	13,478,500 ▼ 0.00
Aisha Steel / Apr 21 Aisha Steel Mills Limited(ASL)	11,984,000 ▼ 0.00
Silkbank / Apr 21 Silkbank Limited(SILK)	11,422,000 ▼ 0.00
Byco Petr. / Apr 21 Byco Petroleum Pakistan Limited(BYCO)	10,176,000 ▼ 0.00
Hum Network / Apr 21 Hum Network Limited(HUMNL)	7,274,000 ▼ 0.00
Fauji Foods / Apr 21 Fauji Foods Limited(FFL)	6,806,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	153.00
USD PKR Interbank Buying / Apr 19	152.90
USD to Japanese Yen / Apr 19	108.10
USD to Swiss Franc / Apr 19	0.92
Pound Sterling to USD / Apr 19	1.40
Euro to USD / Apr 19	1.20
UK LIBOR % / Apr 19	0.07

Stock	Volume
S&P 500 / Apr 19	4163.26
India Sensex / Apr 19	47949.42
Tokyo Nikkei / Apr 19	29685.37
Nasdaq / Apr 19	13914.77
Hang Seng / Apr 19	29106.15
FTSE 100 / Apr 19	7000.08
Dow Jones / Apr 19	34077.63
Germany DAX 30 / Apr 19	15368.39
France CAC40 / Apr 19	6296.69

Item	Value
Crude Oil / Apr 19	63.54
Karachi Cotton Assoc. / Apr 19	10800.00
Gold 10 Grams / Apr 19	94564.00
Gold Spot / Apr 19	1771.20
Cotton / Apr 19	84.71

lira

Turkey fines Google for abusing dominant position

Turkish lira hurt by high inflation; other currencies gain

Turkish inflation climbs above 16pc after lira decline

Turkish lira up

Rising US yields a villain in EM FX growth story, sell-off likely by end-June

Turkish lira weakens 0.6% after central bank deputy removed

Turkish banks restructured $4.3bn in 1.5 years

Dollar off recent highs as investors look to Fed, Yellen for bond clues

Russian rouble dives towards 75 against dollar on sanctions risk, lira slump

Early trade in New York: Dollar slips; lira tanks

Dollar dominates, lira slides in Europe

Turkey tries to calm market turmoil after top banker sacked

Turkish lira hit by central bank sacking, yen and dollar gain

Turkish lira plunges 14pc after Central Bank governor sacked

Goldman sees immediate lira risk after Turkish central bank ouster

Turkish central bank goes ‘above and beyond’ with rate hike to 19pc

Turkish lira slightly weaker ahead of key rate decision

Lira rebounds strongly

Turkish lira slides

Turkish net FX reserves climb to $13.93bn

Rising Turkish inflation puts rate hike option back in focus

Volatile Turkish lira rebounds

Turkish lira dips, erasing gains against dollar this year

Turkish lira rises after dipping during overnight trade

Turkey's central bank seen keeping policy rate unchanged

Turkish lira jumps

Turks' hard currency holdings falls from record high

Turkish lira up 1.5pc to August levels

Lira hits 5-month high on manufacturing boost, stocks recover

Turkish central bank holds 2021 inflation forecast firm at 9.4%

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