Trends - Lunar New Year - Business Recorder

Lunar New Year

Chinese pray for health in Lunar New Year as Covid-19 death toll rises

BEIJING: China rang in the Lunar New Year on Sunday with its people praying for health after three years of stress...

Published 23 Jan, 2023 07:12am

Perspectives

Nongli: Chinese Lunar Year

In China, like most of the world, the Gregorian calendar is used, which is based on the solar year, months and days,...

Published 22 Jan, 2023 12:06am

World

Some in China return to regular activity after COVID infections

BEIJING/WUHAN: Some people in China’s key cities of Beijing, Shanghai and Wuhan braved the cold and a spike in...

Published 02 Jan, 2023 11:42am

Business & Finance

China manufacturing activity picks up in February

BEIJING: Factory activity in China picked up in February, official data showed Tuesday, as market demand and...

Published 01 Mar, 2022 11:02am

Markets

China coking coal futures jump on tight supply, demand hopes

BEIJING: Chinese coking coal futures extended gains to a fourth session on Monday, surging more than 4%, as supply...

Published 21 Feb, 2022 11:10am

Markets

Shanghai aluminium rises 3% on supply woes, low inventories

Shanghai aluminium prices jumped 3% on Monday to hit a 3-1/2-month high, following a week-long Lunar New Year...

Published 07 Feb, 2022 11:00am

Markets

Asian markets extend rally as optimism returns to trading floors

HONG KONG: Asian equities built on a rally across world markets Wednesday as investors become less worried about the...

Published 02 Feb, 2022 09:36am

World

Beijing reports highest Covid cases since June 2020 as Olympics loom

BEIJING: Beijing recorded its highest number of new Covid-19 cases for a year and a half on Sunday, as the Chinese...

Published 30 Jan, 2022 10:52am

World

Despite Covid, it's home or bust for China holiday travellers

SHANGHAI/BEIJING: The pandemic prevented Shanghai schoolteacher Chen Hainan from returning to her hometown to ...

Published 30 Jan, 2022 10:33am

Markets

Firm demand in top hubs ahead of Lunar New Year

MUMBAI: Top Asian hubs saw firm demand for physical gold this week in the run up to the Lunar New Year holiday, ...

Published 30 Jan, 2022 04:04am

Markets

China factory prices rise as industries recover from pandemic

Consumer inflation is also expected to increase given the government's target of a three percent rise for 2021.

Published 10 Mar, 2021 10:14am

Markets

Vietnam's coffee market tepid after Lunar New Year break

HANOI: Vietnam's coffee market was tepid on its first trading days after the Lunar New Year break, with no export...

Updated 21 Feb, 2021 05:10pm

Markets

China’s blue-chip index retreats

SHANGHAI: China’s blue-chip index ended lower after scaling an all-time high on Thursday, the first trading ...

Published 19 Feb, 2021 04:07am

Markets

Asia sets up global stocks for extended bull run on economic optimism

MSCI's emerging market currency index hit a record high as well.

Published 16 Feb, 2021 12:52pm

Markets

Volatile gold prices dim Indian sales; silver shines

MUMBAI: Physical gold demand eased this week in India as volatility in domestic prices put off buyers, while ...

Published 14 Feb, 2021 03:49am

Markets

Indian rice rates anchored near 3-year peak

NEW DELHI: Rice export prices in India, the top exporter of the staple, remained anchored near a three-year high ...

Published 14 Feb, 2021 03:49am

World

Beijing smog casts gloom over China's Lunar New Year holiday

Visibility across Beijing was severely limited by the smog on the second day of Lunar New Year.
"Starting the Lunar New Year with this kind of weather is a bit depressing," she added.

Published 13 Feb, 2021 05:53pm

World

China reports 14 new mainland COVID-19 cases, same as day earlier

The total number of confirmed COVID-19 cases in mainland China to date is 89,734, while the death toll remained unchanged at 4,636.

Published 10 Feb, 2021 12:27pm

Business & Finance

China's factory prices snap year-long decline as demand recovers

The consumer price index (CPI) fell 0.3% in January from a year earlier, the statistics bureau said in a separate statement, compared with no change tipped by the Reuters poll and a 0.2% rise in December.

Published 10 Feb, 2021 11:40am

Business & Finance

China consumer prices fall in January on drop in services costs

Pork prices, however, were lower than last year, continuing a downward trend after costs of the staple meat in China rocketed due to an African swine fever outbreak.

Published 10 Feb, 2021 10:34am

World

US ambassador raps Lunar New Year message to Vietnam

He was accompanied by enthusiastic local music stars as they drank coffee and sampled Vietnamese snacks.

Published 09 Feb, 2021 05:27pm

Markets

China stocks fall on fresh liquidity concerns, Hong Kong dragged

Chinese H-shares listed in Hong Kong fell 1.6% to 11,464.88, while the Hang Seng Index was down 1.45% at 28,882.42.

Published 04 Feb, 2021 10:52am

World

Chinese police bust counterfeit Covid-19 vaccine ring

Since the virus emerged in 2019, China has charged thousands of people with crimes related to the pandemic, including spreading "rumours", concealing an infection and not complying with guidelines.

Published 02 Feb, 2021 10:48am

Business & Finance

China's seven-day repo hits near six-year high despite PBOC cash injection

Seven-day reverse repo rate, one of the PBOC's main policy rates, now stands at 2.2%.

Published 01 Feb, 2021 11:28am

Business & Finance

China factory activity slows slightly on new Covid-19 wave

BEIJING: Factory activity in China slowed slightly in January, official data showed Sunday, as the country rushed to...

Updated 01 Feb, 2021 09:06am

Business & Finance

China factory activity slows slightly on new Covid-19 wave

Accordingly, non-manufacturing activity could dip further in February, he said.

Updated 31 Jan, 2021 06:49pm

World

Beijing faces high food prices ahead of Lunar New Year due to lockdowns nearby

The pressure on food prices is especially sensitive in the run-up to the country's most important holiday.

Published 21 Jan, 2021 01:42pm

World

China to test Lunar New Year travellers for COVID-19; Shanghai reports new cases

The number of new asymptomatic cases, which China does not classify as confirmed infections, rose to 113 from 58 a day earlier.

Published 21 Jan, 2021 12:39pm

World

Taiwan scraps new year festival after rare coronavirus outbreak

At one point Taiwan recorded 253 straight days without any local infections.

Published 19 Jan, 2021 05:13pm

Gainers
Losers
Leaders

Stock	Price
Data Textile / Feb 1 Data Textiles Limited(DATM)	7.08 ▲ 1.00 (16.45%)
Sec. Inv. Bank / Feb 1 Security Investment Bank Limited(SIBL)	4.85 ▲ 0.55 (12.79%)
Shaheen Ins. / Feb 1 Shaheen Insurance Company Limited(SHNI)	3.30 ▲ 0.30 (10.00%)
Gammon Pak / Feb 1 Gammon Pakistan Limited(GAMON)	6 ▲ 0.54 (9.89%)
Ashfaq Textile / Feb 1 Ashfaq Textile Mills Limited(ASHT)	10.39 ▲ 0.89 (9.37%)
Leather Up Ltd. / Feb 1 Leather Up Limited(LEUL)	11.72 ▲ 1.00 (9.33%)
Saif Textile / Feb 1 Saif Textile Mills Limited(SAIF)	11.99 ▲ 0.98 (8.90%)
Sindh Modaraba / Feb 1 Sindh Modaraba(SINDM)	7.60 ▲ 0.60 (8.57%)
Next Capital / Feb 1 Next Capital Limited(NEXT)	5.15 ▲ 0.39 (8.19%)
OLP Modaraba / Feb 1 OLP Modaraba Limited(OLPM)	13.50 ▲ 0.98 (7.83%)

Stock	Price
Pak Gulf Leasing / Feb 1 Pak-Gulf Leasing Company Limited(PGLC)	5.55 ▲ -0.90 (-13.95%)
First Pak Mod. / Feb 1 First Pak Modaraba(PAKMI)	1.33 ▲ -0.17 (-11.33%)
Jubilee Spinning / Feb 1 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.60 ▲ -0.30 (-10.34%)
Sakrand Sugar / Feb 1 Sakrand Sugar Mills Limited(SKRS)	9.74 ▲ -0.84 (-7.94%)
Ist.Capital Sec / Feb 1 First Capital Securities Corporation(FCSC)	1.20 ▲ -0.10 (-7.69%)
Dawood Lawrencepur / Feb 1 Dawood Lawrencepur Limited(DLL)	207.76 ▲ -16.84 (-7.50%)
JDW Sugar / Feb 1 JDW Sugar Mills Limited(JDWS)	350.59 ▲ -28.41 (-7.50%)
Pakistan Services / Feb 1 Pakistan Services Limited(PSEL)	2095.13 ▲ -169.87 (-7.50%)
Shahtaj Sugar / Feb 1 Shahtaj Sugar Mills Limited(SHJS)	45.79 ▲ -3.71 (-7.49%)
EFG Hermes Pak / Feb 1 EFG Hermes Pakistan Limited(EFGH)	12.49 ▲ -1.01 (-7.48%)

Stock	Volume
WorldCall Telecom / Feb 1 Worldcall Telecom Limited(WTL)	13,426,966 ▼ 0.00
Pak Petroleum / Feb 1 Pakistan Petroleum Limited(PPL)	10,194,870 ▲ -0.75
Gul Ahmed / Feb 1 Gul Ahmed Textile Mills Limited(GATM)	8,350,767 ▼ 0.57
P.I.A.C.(A) / Feb 1 Pakistan International Airlines Corp(PIAA)	8,280,000 ▼ 0.28
Pak Refinery / Feb 1 Pakistan Refinery Limited(PRL)	7,748,506 ▼ 0.08
Maple Leaf Cement / Feb 1 Maple Leaf Cement Factory Limited(MLCF)	6,561,607 ▼ 0.49
Habib Bank / Feb 1 Habib Bank Limited(HBL)	6,169,723 ▼ 0.57
Oil & Gas Dev. / Feb 1 Oil & Gas Development Company Limited(OGDC)	5,214,064 ▲ -0.69
K-Electric Ltd. / Feb 1 K-Electric Limited(KEL)	4,941,333 ▼ 0.02
Fauji Cement / Feb 1 Fauji Cement Company Limited(FCCL)	4,779,500 ▼ 0.01

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 1	270.85
USD PKR Interbank Buying / Feb 1	268.85
USD to Japanese Yen / Feb 1	130.23
USD to Swiss Franc / Feb 1	0.92
Pound Sterling to USD / Feb 1	1.23
Euro to USD / Feb 1	1.09
UK LIBOR % / Jan 31	4.31

Stock	Volume
S&P 500 / Jan 31	4076.60
Nasdaq / Jan 31	11584.55
Dow Jones / Jan 31	34086.04
India Sensex / Feb 1	59708.08
Tokyo Nikkei / Feb 1	27345.74
Hang Seng / Feb 1	22072.18
FTSE 100 / Feb 1	7780.98
Germany DAX 30 / Feb 1	15120.54
France CAC40 / Feb 1	7085.19

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 31	20735
Gold 10 Grams PKR / Jan 31	172754
Crude Oil USD/Barrel / Feb 1	79.25
Gold Spot USD/Ounce / Feb 1	1925.87
Cotton US¢/pound / Feb 1	86.58

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