AIRLINK 57.99 Increased By ▲ 2.95 (5.36%)
BOP 6.22 Decreased By ▼ -0.07 (-1.11%)
CNERGY 4.05 Increased By ▲ 0.10 (2.53%)
DFML 15.70 Increased By ▲ 0.06 (0.38%)
DGKC 68.55 Increased By ▲ 2.55 (3.86%)
FCCL 17.75 Increased By ▲ 0.73 (4.29%)
FFBL 25.75 Increased By ▲ 1.30 (5.32%)
FFL 9.31 Increased By ▲ 0.31 (3.44%)
GGL 9.74 Increased By ▲ 0.30 (3.18%)
HBL 111.80 Increased By ▲ 1.80 (1.64%)
HUBC 114.80 Increased By ▲ 1.45 (1.28%)
HUMNL 6.44 Increased By ▲ 0.09 (1.42%)
KEL 4.30 Increased By ▲ 0.02 (0.47%)
KOSM 3.58 Increased By ▲ 0.46 (14.74%)
MLCF 37.40 Increased By ▲ 1.00 (2.75%)
OGDC 117.20 Increased By ▲ 3.71 (3.27%)
PAEL 22.90 Increased By ▲ 0.90 (4.09%)
PIAA 11.35 Increased By ▲ 0.16 (1.43%)
PIBTL 5.67 Increased By ▲ 0.17 (3.09%)
PPL 105.25 Increased By ▲ 2.56 (2.49%)
PRL 26.55 Increased By ▲ 1.41 (5.61%)
PTC 9.60 Increased By ▲ 0.15 (1.59%)
SEARL 53.34 Increased By ▲ 3.72 (7.5%)
SNGP 64.99 Increased By ▲ 2.14 (3.4%)
SSGC 10.94 Increased By ▲ 0.18 (1.67%)
TELE 7.16 Increased By ▲ 0.19 (2.73%)
TPLP 11.87 Increased By ▲ 0.34 (2.95%)
TRG 72.71 Increased By ▲ 5.11 (7.56%)
UNITY 20.73 Increased By ▲ 0.23 (1.12%)
WTL 1.31 Increased By ▲ 0.09 (7.38%)
BR100 6,289 Increased By 126.2 (2.05%)
BR30 21,591 Increased By 608.7 (2.9%)
KSE100 61,559 Increased By 1094.9 (1.81%)
KSE30 20,718 Increased By 420.9 (2.07%)

lira vs dollar

Lira plunges again
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
Turkish lira hits new low
Markets

Turkish lira hits new low

ISTANBUL: Turkey’s currency sank to all-time lows on Wednesday after President Tayyip Erdogan said he had urged ...
Published 03 Jun, 2021 04:13am
Dollar dominates as hedge funds cut shorts on Treasury yield rise
Markets

Dollar dominates as hedge funds cut shorts on Treasury yield rise

  • Turkey's shock weekend decision to replace its hawkish central bank governor also supported the dollar's safe-haven appeal.
  • Markets have been slow to catch on to the rising dollar theme in recent weeks as investors had bet that a global economic recovery would prompt buying of riskier currencies.
Updated 22 Mar, 2021 06:29pm
Turkish cenbank hikes rates more than expected to 19pc
Business & Finance

Turkish cenbank hikes rates more than expected to 19pc

  • The key one-week repo rate is the highest of any big economy and it is back to levels last touched in mid-2019. It had stood at 17% since December after aggressive monetary tightening last year.
  • The central bank has now tightened policy by 875 basis points since Erdogan appointed Agbal in November, when the lira touched a record low. It had rallied 20% after the appointment.
Published 18 Mar, 2021 06:12pm
Turkish net FX reserves climb to $13.93bn
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
Turkish lira weakens 1.5pc against dollar
Markets

Turkish lira weakens 1.5pc against dollar

  • The lira weakened as far as 7.4540 against the US currency from a close of 7.3425 on Tuesday and stood at 7.4320 at 1400 GMT. After strong gains until mid-February, the lira has retreated back to end-2020 levels.
Published 03 Mar, 2021 07:44pm