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lira

Turkiye stocks climb, lira at low after opposition election win

Turkiye stocks rose on Monday and the lira weakened slightly after hitting its record low against the dollar after...

Published 01 Apr, 2024 01:26pm

Markets

Turkiye to withdraw up to 1 trillion lira of liquidity with required reserves change

ANKARA: Turkiye will withdraw around 1 trillion lira of liquidity from markets with a recent change in required...

Published 02 Nov, 2023 11:23am

Business & Finance

Turkiye central bank unveils steps simplifying macroprudential framework

ISTANBUL: The Turkiye Central Bank said on Friday it was taking fresh steps to simplify the macroprudential...

Published 27 Oct, 2023 10:05am

Business & Finance

Turkey earmarks $37bn for earthquake costs in 2024 budget

ANKARA: Turkey has allocated 1.03 trillion lira ($37 billion), or 2.5% of gross domestic product, in its 2024 draft...

Published 18 Oct, 2023 06:09am

Markets

Turkiye central bank says ends targeting conversion to FX-protected lira deposits

ANKARA: Turkiye central bank said on Sunday it has stopped targeting conversion from foreign currency deposits to...

Published 20 Aug, 2023 11:38am

World

Turkey delivers big rate hike to 15pc but U-turn still underwhelms

ISTANBUL: Turkey’s central bank hiked its key rate by 650 basis points to 15 percent on Thursday and said it would...

Published 23 Jun, 2023 06:00am

Markets

Dollar retreats as Fed pause eyed; US debt deal clears House

SINGAPORE: The dollar retreated from a two-week top against its major peers on Thursday as investors trimmed bets...

Published 01 Jun, 2023 09:40am

Opinion

It’s not the economy, stupid, it’s religion!

Even Erdogan’s staunchest supporters would have shorted the lira as he won the Turkish runoff presidential ...

Published 01 Jun, 2023 03:34am

Business & Finance

Turkish lira hits record low, stocks gain after Erdogan re-election

LONDON/GDANSK: Turkey’s lira hit fresh record lows against the dollar on Monday, though stocks rallied, after...

Published 30 May, 2023 03:37am

Markets

Turkiye’s lira flat after overnight tumble to record low of 19.8 vs dollar

ANKARA: Turkiye’s lira, which is prone to sharp swings before regular trading hours, was flat early on Friday, after...

Published 10 Mar, 2023 10:14am

Markets

Turkey’s lira slips to fresh record low

LONDON: Turkey’s lira hit a fresh record low of 18.85 against the dollar in early trade on Monday as a strong...

Published 06 Feb, 2023 12:43pm

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	282.73
USD PKR Interbank Buying / Jun 12	282.53
USD to Japanese Yen / Jun 12	143.91
USD to Swiss Franc / Jun 12	0.82
Pound Sterling to USD / Jun 12	1.35
Euro to USD / Jun 12	1.15
UK LIBOR % / Jun 11	4.96

Stock	Volume
S&P 500 / Jun 11	6,022.24
Nasdaq / Jun 11	19,615.88
Dow Jones / Jun 11	42,865.77
India Sensex / Jun 12	82,355.26
Tokyo Nikkei / Jun 12	38,173.09
Hang Seng / Jun 12	24,037.41
FTSE 100 / Jun 12	8,864.73
Germany DAX 30 / Jun 12	23,697.86
France CAC40 / Jun 12	7,718.48

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 11	16,985
Gold 10 Grams PKR / Jun 11	302,554
Petrol/Litre / Jun 12	253.63
Crude Oil USD/Barrel / Jun 12	67.42
Gold Spot USD/Ounce / Jun 12	3,343.62
Diesel/Litre / Jun 12	254.64
Cotton US¢/pound / Jun 12	67.28

Gainers
Losers
Leaders

Stock	Price
Invest Bank / Jun 12 Invest Capital Investment Bank Limited(ICIBL)	6.11 ▲ 1 (19.57%)
Grays Leasing / Jun 12 Grays Leasing Limited(GRYL)	6.61 ▲ 1 (17.83%)
Dewan Farooque Sp. / Jun 12 Dewan Farooque Spinning Mills Limited(DFSM)	5.21 ▲ 0.53 (11.32%)
Apna Microfin. / Jun 12 Apna Microfinance Bank Limited(AMBL)	10.64 ▲ 0.97 (10.03%)
Sardar Chemical / Jun 12 Sardar Chemical Industries Limited(SARC)	70.80 ▲ 6.44 (10.01%)
Saif Textile / Jun 12 Saif Textile Mills Limited(SAIF)	17.25 ▲ 1.57 (10.01%)
Shadman Cotton / Jun 12 Shadman Cotton Mills Limited(SHCM)	43.07 ▲ 3.92 (10.01%)
Bannu Woollen / Jun 12 Bannu Woollen Mills Limited(BNWM)	44.41 ▲ 4.04 (10.01%)
First Elite Cap.Mod / Jun 12 First Elite Capital Modaraba(FECM)	42.20 ▲ 3.84 (10.01%)
Nets Internat.Comm. / Jun 12 Nets International Communication Limited(GEMNETS)	28.50 ▲ 2.59 (10%)

Stock	Price
PIA Holding Co.B / Jun 12 PIA Holding Company Limited B(PIAHCLB)	20,987.89 ▼ -2331.99 (-10%)
Khyber Textile / Jun 12 Khyber Textile Mills Limited(KHYT)	1,993.94 ▼ -221.55 (-10%)
Otsuka Pakistan / Jun 12 Otsuka Pakistan Limited(OTSU)	398.57 ▼ -42.15 (-9.56%)
Ideal Spinning / Jun 12 Ideal Spinning Mills Limited(IDSM)	14.54 ▼ -1.45 (-9.07%)
First Capital Equities / Jun 12 First Capital Equities Limited(FCEL)	4.01 ▼ -0.39 (-8.86%)
Pak Paper Prod / Jun 12 Pakistan Paper Products Limited(PPP)	158.38 ▼ -12.76 (-7.46%)
Chenab Ltd / Jun 12 Chenab Limited(CHBL)	6.17 ▼ -0.49 (-7.36%)
Hinopak Motor / Jun 12 Hinopak Motors Limited(HINO)	374.16 ▼ -28.7 (-7.12%)
Zahid Jee Textile / Jun 12 Zahidjee Textile Mills Limited(ZAHID)	27.06 ▼ -1.99 (-6.85%)
ECOPACK Ltd / Jun 12 Ecopack Limited(ECOP)	85.11 ▼ -6.09 (-6.68%)

Stock	Volume
Sui South Gas / Jun 12 Sui Southern Gas Company Limited(SSGC)	55,899,181 ▲ 0.78
Fauji Cement / Jun 12 Fauji Cement Company Limited(FCCL)	50,597,576 ▲ 0.49
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	49,327,936 ▼ -0.08
Pervez Ahmed Consultancy / Jun 12 Pervez Ahmed Consultancy Services Ltd.(PASL)	49,092,533 ▼ -0.07
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	40,260,789 ▲ 0.74
K-Electric Ltd. / Jun 12 K-Electric Limited(KEL)	38,519,154 ▼ -0.24
Invest Bank / Jun 12 Invest Capital Investment Bank Limited(ICIBL)	38,443,385 ▲ 1
Dewan Cement / Jun 12 Dewan Cement Limited(DCL)	27,852,990 ▼ -0.43
Kohinoor Spining / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	26,083,851 ▼ -0.18
Treet Corp / Jun 12 Treet Corporation Limited(TREET)	24,336,515 ▼ -0.27

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