Trends - lira - Business Recorder

lira

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

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

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Nov 29 Kohinoor Power Company Limited(KOHP)	5.88 ▲ 1.00 (20.49%)
Paramount Mod / Nov 29 First Paramount Modaraba(FPRM)	10.26 ▲ 1.00 (10.80%)
S.G.Power / Nov 29 S.G. Power Limited(SGPL)	5.17 ▲ 0.46 (9.77%)
Bela Auto / Nov 29 Bela Automotives Limited(BELA)	7.98 ▲ 0.69 (9.47%)
Samba Bank / Nov 29 Samba Bank Limited(SBL)	8.57 ▲ 0.72 (9.17%)
Media Times Ltd / Nov 29 Media Times Limited(MDTL)	1.80 ▲ 0.14 (8.43%)
Service Textile / Nov 29 Service Industries Textiles Limited(SERT)	10.95 ▲ 0.84 (8.31%)
Arctic Textile / Nov 29 Arctic Textile Mills Limited(ARCTM)	14.84 ▲ 1.04 (7.54%)
Image Pakistan / Nov 29 Image Pakistan Limited(IMAGE)	19.05 ▲ 1.33 (7.51%)
Prosperity Weav / Nov 29 Prosperity Weaving Mills Limited(PRWM)	32.94 ▲ 2.30 (7.51%)

Stock	Price
Tri-Star Mutual / Nov 29 Tri-Star Mutual Fund Limited(TSMF)	4.40 ▼ -0.85 (-16.19%)
Dewan Textile / Nov 29 Dewan Textile Mills Limited(DWTM)	3.55 ▼ -0.60 (-14.46%)
Bawany Air Products / Nov 29 Bawany Air Products Limited(BAPL)	9.01 ▼ -0.97 (-9.72%)
Pak Gulf Leasing / Nov 29 Pak-Gulf Leasing Company Limited(PGLC)	6.80 ▼ -0.70 (-9.33%)
Premier Insurance / Nov 29 Premier Insurance Limited(PINL)	7.23 ▼ -0.67 (-8.48%)
GOC (Pak) / Nov 29 GOC (Pak) Limited.(GOC)	55.41 ▼ -4.49 (-7.50%)
J.A.Textile / Nov 29 J.A. Textile Mills Limited(JATM)	46.29 ▼ -3.75 (-7.49%)
Metro Steel / Nov 29 Metropolitan Steel Corporation Limited(MSCL)	23.10 ▼ -1.87 (-7.49%)
Universal Network (GEM) / Nov 29 Universal Network Systems Limited (GEM)(GEMUNSL)	35.66 ▼ -2.88 (-7.47%)
Feroze 1888 / Nov 29 Feroze1888 Mills Limited(FML)	86.10 ▼ -6.90 (-7.42%)

Stock	Volume
Kohinoor Spining / Nov 29 Kohinoor Spinning Mills Limited(KOSM)	79,242,500 ▲ 0.03
WorldCall Telecom / Nov 29 Worldcall Telecom Limited(WTL)	57,449,984 ▼ -0.02
B.O.Punjab / Nov 29 The Bank of Punjab(BOP)	44,327,667 ▲ 0.19
Cnergyico PK / Nov 29 Cnergyico PK Limited(CNERGY)	31,321,478 ▼ -0.05
Treet Corp. (R) / Nov 29 Treet Corporation Limited (R)(TREETR2)	27,240,170 ▲ 0.01
Pak Refinery / Nov 29 Pakistan Refinery Limited(PRL)	24,938,598 ▼ -0.13
Ghani Chem. Ind. / Nov 29 Ghani Chemical Industries Limited(GCIL)	15,398,500 ▼ -0.27
TPL Properties / Nov 29 TPL Properties Limited(TPLP)	14,283,958 ▼ -0.19
Oil & Gas Dev. / Nov 29 Oil & Gas Development Company Limited(OGDC)	12,904,027 ▼ -0.67
The Searle Co. / Nov 29 The Searle Company Limited(SEARL)	12,454,526 ▼ -1.30

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 29	285.52
USD PKR Interbank Buying / Nov 29	285.02
USD to Japanese Yen / Nov 29	147.23
USD to Swiss Franc / Nov 29	0.88
Pound Sterling to USD / Nov 29	1.27
Euro to USD / Nov 29	1.10
UK LIBOR % / Nov 28	5.46

Stock	Volume
S&P 500 / Nov 28	4554.89
Nasdaq / Nov 28	14281.76
Dow Jones / Nov 28	35416.98
India Sensex / Nov 29	66637.46
Tokyo Nikkei / Nov 29	33302.60
Hang Seng / Nov 29	16952.85
FTSE 100 / Nov 29	7431.46
Germany DAX 30 / Nov 29	16036.43
France CAC40 / Nov 29	7246.91

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 28	17735
Gold 10 Grams PKR / Nov 28	185614
Crude Oil USD/Barrel / Nov 29	76.48
Gold Spot USD/Ounce / Nov 29	2043.84
Cotton US¢/pound / Nov 29	79.36

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