Trends - lira - Business Recorder

lira

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

Markets

Turkish lira dips, business group chief questions policy

ISTANBUL: Turkey's lira slipped as much as 1.7% on Thursday, and has shed some 22% in the last nine trading ...

Published 06 Jan, 2022 02:57pm

Markets

Turkish lira holds firm after slide on inflation worries

The lira firmed as much as 1.3% to 13.275 in early trade but gave up most of those gains to reach 13.42

Published 05 Jan, 2022 02:21pm

Opinion

The costs of Erdogan’s fight for Turkey’s ‘economic independence’

Turkey’s consumer prices have soared by the highest rate since 2002, further undermining President Recep Tayyip...

Published 04 Jan, 2022 06:54am

Business & Finance

Volatile Turkish lira seesaws after inflation surges

ISTANBUL: Turkey’s lira briefly rallied as much as 3% on Monday afternoon, reversing an early plunge and ...

Published 04 Jan, 2022 06:54am

Business & Finance

Turkish inflation hits 19-year high in lira crisis

ANKARA: Turkey's annual inflation rate surged to its highest level since 2002 in December, official data showed...

Updated 03 Jan, 2022 02:23pm

Markets

Volatile Turkish lira seesaws after inflation surges

ISTANBUL: Turkey's lira briefly rallied as much as 3% on Monday afternoon, reversing an early plunge and continuing ...

Updated 03 Jan, 2022 05:09pm

Business & Finance

Turkish lira erodes last week’s gains

ANKARA: Turkey’s lira weakened by as much as 2% on Tuesday, extending sharp losses seen a day earlier and eroding...

Published 29 Dec, 2021 06:57am

Markets

Turkish lira weakens, further eroding last week's gains

ANKARA: Turkey's lira weakened as much as 2% on Tuesday, extending sharp losses seen a day earlier and eroding...

Published 28 Dec, 2021 02:01pm

Business & Finance

Turks converted 10bn lira of fx to new deposit accounts

ANKARA: Turks transferred 10 billion lira ($889 million) worth of forex deposits into a new instrument the ...

Published 27 Dec, 2021 06:45am

Business & Finance

Turkish lira caps historic week with big lift

ANKARA: Turkey’s lira was on track for its strongest week on record on Friday, having spiked more than 50% with ...

Published 25 Dec, 2021 05:02am

Business & Finance

Lira extends week’s rally

ISTANBUL: Turkey’s lira rallied further on Thursday and was on track for its best week in two decades, boosted by ...

Published 24 Dec, 2021 05:43am

Business & Finance

Turkey’s president hails steps to help depositors, as lira steadies

ANKARA: Measures to protect Turkish lira bank deposits from depreciation amid a currency crisis have achieved their...

Published 23 Dec, 2021 04:23am

Markets

Euro gains on more positive global outlook; Turkish lira holds its gains

LONDON: The euro, Australian dollar and other currencies recovered against the US dollar as traders turned more...

Published 22 Dec, 2021 05:38pm

Business & Finance

Turkey’s cryptocurrency trades top 1m a day amid lira woes

LONDON: The number of cryptocurrency trades in Turkey has surged back above one million per day as the country’s...

Published 22 Dec, 2021 06:13am

Business & Finance

Turkey's protection plan to target 3- to 12-month lira deposits

ISTANBUL: Turkey's Finance Ministry said on Tuesday a new protection scheme meant to boost confidence in the ...

Updated 21 Dec, 2021 06:32pm

Business & Finance

Lira plunges again

ISTANBUL: Turkey’s troubled lira nosedived after President Recep Tayyip Erdogan cited Islamic teachings to justify...

Published 21 Dec, 2021 04:14am

Markets

Lira crashes to new low of 20 vs euro after Erdogan comments

ISTANBUL: Turkey's lira sputtered to new lows on Monday, including blowing through 20 to the euro for the first ...

Updated 20 Dec, 2021 07:15pm

World

Turkey's Erdogan says he lowered inflation to 4% before, will do again

ANKARA: President Tayyip Erdogan said he had lowered Turkey's inflation to around 4% before and that he will achieve...

Updated 19 Dec, 2021 08:47pm

Business & Finance

Turkey hikes minimum wage by 50pc in face of lira crisis

ANKARA: Turkey will hike its minimum wage by a massive 50% to 4,250 lira ($275.44) per month next year to address a...

Published 17 Dec, 2021 04:30am

Markets

Turkish lira slides ahead of likely interest rate cut

ISTANBUL: The Turkish lira Wednesday extended its historic slide on the eve of a meeting at which the central bank...

Published 15 Dec, 2021 07:15pm

Markets

Lira weakens ahead of US, Turkish cenbank meetings

ISTANBUL: The lira weakened more than 1% against the dollar on Wednesday ahead of a key policy decision by the US...

Published 15 Dec, 2021 01:11pm

Markets

Turkish lira firms, eyes on central bank

ISTANBUL: The Turkish lira firmed 1% on Tuesday, recouping its losses a day earlier triggered by persisting concerns...

Published 07 Dec, 2021 02:25pm

World

Erdogan says he hopes volatile Turkish lira will steady soon

ISTANBUL: Turkish President Tayyip Erdogan said on Saturday he hoped that volatile foreign-exchange and inflation...

Published 04 Dec, 2021 07:36pm

World

Erdogan defends 'risky but correct' economic policy

ANKARA: Turkish President Recep Tayyip Erdogan defended Wednesday his "risky but correct" economic policy of low...

Updated 01 Dec, 2021 05:27pm

Business & Finance

Lira crisis gives Turkish opposition chance to challenge Erdogan

ISTANBUL: Turkey's currency crisis has cut into the popularity of President Recep Tayyip Erdogan, handing the...

Published 01 Dec, 2021 01:18pm

Business & Finance

Erdogan doubles down on low interest rates despite lira fall

ANKARA: Turkey’s President Recep Tayyip Erdogan vowed “no compromise” on low interest rates in comments...

Published 30 Nov, 2021 05:23am

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Jan 20 Power Cement (Pref)(POWERPS)	10.75 ▲ 0.76 (7.61%)
Premier Sugar / Jan 20 The Premier Sugar Mills(PMRS)	531.82 ▲ 37.10 (7.50%)
Khairpur / Jan 20 Khairpur Sugar Mills Limited(KPUS)	65.84 ▲ 4.59 (7.49%)
Masood Textile / Jan 20 Masood Textile Mills Limited(MSOT)	46.28 ▲ 3.22 (7.48%)
Nagina Cot. / Jan 20 Nagina Cotton Mills Limited(NAGC)	87.00 ▲ 5.99 (7.39%)
Janana D Mal / Jan 20 Janana De Malucho Textile Mills Limited(JDMT)	75.87 ▲ 4.97 (7.01%)
Oilboy Energy / Jan 20 Oilboy Energy Limited(OBOY)	22.00 ▲ 1.38 (6.69%)
Next Capital / Jan 20 Next Capital Limited(NEXT)	10.97 ▲ 0.50 (4.78%)
PICIC Ins.Ltd. / Jan 20 PICIC Insurance Limited(PIL)	1.22 ▲ 0.04 (3.39%)
Kot Addu Power / Jan 20 Kot Addu Power Company Limited(KAPCO)	33.80 ▲ 0.91 (2.77%)

Stock	Price
Jauharabad Sug / Jan 20 Jauharabad Sugar Mills Limited(JSML)	20.70 ▲ -2.40 (-10.39%)
Kohinoor Power / Jan 20 Kohinoor Power Company Limited(KOHP)	4.51 ▲ -0.39 (-7.96%)
Netsol Tech. / Jan 20 NetSol Technologies Limited(NETSOL)	98.33 ▲ -7.97 (-7.50%)
Jah.Sidd. Co. / Jan 20 Jahangir Siddiqui & Co. Ltd.(JSCL)	15.48 ▲ -1.25 (-7.47%)
Metro Steel / Jan 20 Metropolitan Steel Corporation Limited(MSCL)	24.80 ▲ -1.85 (-6.94%)
Pace (Pak) Ltd. / Jan 20 Pace (Pakistan) Limited(PACE)	4.02 ▲ -0.29 (-6.73%)
Khurshid Spinning / Jan 20 Khurshid Spinning Mills Limited(KHSM)	9.50 ▲ -0.68 (-6.68%)
Kohinoor Spining / Jan 20 Kohinoor Spinning Mills Limited(KOSM)	4.02 ▲ -0.27 (-6.29%)
KASB Mod / Jan 20 KASB Modaraba(KASBM)	2.14 ▲ -0.14 (-6.14%)
Pak Gen.Ins. / Jan 20 The Pakistan General Insurance Co. Ltd.(PKGI)	4.67 ▲ -0.28 (-5.66%)

Stock	Volume
TRG Pak Ltd / Jan 20 TRG Pakistan Limited(TRG)	20,116,729 ▼ 0.00
WorldCall Telecom / Jan 20 Worldcall Telecom Limited(WTL)	18,767,000 ▼ 0.00
Telecard Limited / Jan 20 Telecard Limited(TELE)	16,343,000 ▼ 0.00
Cnergyico PK / Jan 20 Cnergyico PK Limited(CNERGY)	9,808,705 ▼ 0.00
Ghani Glo Hol / Jan 20 Ghani Global Holdings Limited(GGL)	6,497,000 ▼ 0.00
Hub Power Co. / Jan 20 The Hub Power Company Limited(HUBC)	5,915,755 ▼ 0.00
Hascol Petrol / Jan 20 Hascol Petroleum Limited(HASCOL)	5,569,000 ▼ 0.00
Avanceon Ltd / Jan 20 Avanceon Limited(AVN)	4,360,549 ▼ 0.00
Octopus Digital / Jan 20 Octopus Digital Limited(OCTOPUS)	4,114,500 ▼ 0.00
Al-Shaheer Corp / Jan 20 Al Shaheer Corporation Limited(ASC)	3,998,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 18	176.20
USD PKR Interbank Buying / Jan 18	176.10
USD to Japanese Yen / Jan 18	114.57
USD to Swiss Franc / Jan 18	0.92
Pound Sterling to USD / Jan 18	1.36
Euro to USD / Jan 18	1.13
UK LIBOR % / Jan 18	0.07

Stock	Volume
S&P 500 / Jan 18	4577.11
India Sensex / Jan 18	60754.86
Tokyo Nikkei / Jan 18	28257.25
Nasdaq / Jan 18	14506.11
Hang Seng / Jan 18	24112.78
FTSE 100 / Jan 18	7563.55
Dow Jones / Jan 18	35368.47
Germany DAX 30 / Jan 18	15772.56
France CAC40 / Jan 18	7133.83

Item	Value
Crude Oil / Jan 18	86.87
Karachi Cotton Assoc. / Jan 18	19180.00
Gold 10 Grams / Jan 18	108025.00
Gold Spot / Jan 18	1814.00
Cotton / Jan 18	121.08

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