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monetary policy

European stocks advance before Fed rate call

LONDON: European stock markets rose Wednesday as investors cautiously awaited a key Federal Reserve interest rate...

Published 29 Jul, 2021 04:48am

Business & Finance

Global Focus Q3 2021: Standard Chartered sees growth to rebound to 5.8pc

KARACHI: Standard Chartered expects global growth to rebound to 5.8 percent in 2021 from -3.3 percent in 2020 as...

Published 28 Jul, 2021 04:45am

Markets

US yields slide as growth concerns weigh, ahead of Fed meeting

The yield on 10-year Treasury Inflation-Protected Securities (TIPS) plunged to a record low of -1.147% for a second straight session

Published 27 Jul, 2021 08:08pm

Business & Finance

Majority expect status quo in upcoming monetary policy announcement

However, many expect a rate hike at some point during 2021

Published 24 Jul, 2021 12:22pm

Markets

Central banks will accelerate rise of China's yuan, global survey shows

Global Public Investor survey, published annually by the London-based OMFIF think tank, shows 30% of central banks plan to increase yuan holdings over the next 12-24 months
In stark contrast to the yuan, 20% of central banks plan to reduce their holdings of the U.S. dollar over the next 12-24 months and 18% plan to reduce their euro holdings

Published 22 Jul, 2021 01:30am

Opinion

SBP deserves praise

This is apropos SBP’s Third Quarterly Report on The State of Pakistan’s Economy. According to SBP, for example,...

Published 18 Jul, 2021 04:14am

Business & Finance

Early trade in New York: Dollar recovers ground

NEW YORK: The US dollar edged higher on Thursday, recovering some of the ground lost in the prior session after the...

Published 16 Jul, 2021 04:34am

Business & Finance

Early trade in New York: Dollar edges higher

NEW YORK: The dollar was slightly higher on Wednesday as traders held off on big bets ahead of the publication of ...

Published 08 Jul, 2021 04:22am

Markets

Gold prices up in Asia

SINGAPORE: Gold rose above the $1,800/ounce psychological level in Asian trade on Tuesday to hit a three-week high,...

Published 07 Jul, 2021 04:28am

Business & Finance

US dollar net shorts fall to lowest in two months

NEW YORK: US dollar net shorts fell to their lowest level since late April, according to calculations by Reuters and...

Published 05 Jul, 2021 04:57am

Markets

US dollar on track for best month in 4-1/2 years; payrolls in focus

Dollar index rises to more than one-week high.
US private payrolls showed increased hiring.
Traders look to Friday's non-farm payrolls report.

Published 30 Jun, 2021 07:55pm

Business & Finance

Early trade in New York: Dollar holds below two-month highs

NEW YORK: The dollar dipped on Thursday as investors evaluated the likelihood that the US Federal Reserve will be...

Published 25 Jun, 2021 04:20am

Opinion

Fed’s ‘big tent’ framework may fray under inflation surge

The US Federal Reserve’s carefully crafted move last year to a jobs-first monetary policy, touted as giving ...

Published 22 Jun, 2021 04:46am

Markets

Monday’s early trade: Dow climbs, crypto stocks drop

NEW YORK: The Dow was set for its best day in more than three months on Monday as investors piled back into...

Published 22 Jun, 2021 04:46am

Business & Finance

Indonesia holds key rate at record low

JAKARTA: Indonesia’s central bank held its benchmark rate at a record low on Thursday as it sought to keep ...

Published 18 Jun, 2021 04:16am

Markets

NZ shares flat

WELLINGTON/SYDNEY: New Zealand shares closed flat on Monday, as gains in utility and financial stocks were offset by...

Published 15 Jun, 2021 03:30am

Markets

ECB's Schnabel wants bond-buying green tilt

Central bankers in the euro zone and around the world are debating what their role should be in the fight against climate change.
"Another possibility would be to pursue a more sophisticated 'tilting strategy' under which the ECB could adjust its monetary policy operations more gradually in line with sustainability considerations," Schnabel said.

Published 14 Jun, 2021 07:26pm

Markets

Wall Street week ahead: Fed meeting looms as inflation worries collide with ‘Goldilocks’ markets

NEW YORK: Investors will be zeroing in on the Federal Reserve’s monetary policy meeting next week as a...

Published 14 Jun, 2021 03:39am

Business & Finance

Early trade in NY: Dollar dips slightly

NEW YORK: The dollar edged lower on Monday as investors looked ahead to European and US central bank meetings and US...

Published 08 Jun, 2021 04:09am

Markets

Gold dips as U.S yields firm; focus shifts to US inflation data

US CPI data, ECB meeting on Thursday.
Medium to longer term outlook positive for gold – analysts.

Published 07 Jun, 2021 09:06pm

Markets

Europe, Asia markets waver as traders await fresh catalysts

Tokyo, Hong Kong, Sydney, Singapore and Manila dipped but there were gains in Shanghai, Seoul, Mumbai, Taipei, Jakarta, Bangkok and Wellington.

Published 31 May, 2021 05:20pm

BR Research

Monetary policy – on the cusp

No change. No surprise. Monetary Policy committee (MPC) has kept the policy rate unchanged at 7 percent. The ...

Published 31 May, 2021 07:30am

Policy rate stays unchanged to support growth

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan has decided to maintain the policy rate ...

Published 29 May, 2021 03:59am

Markets

European shares hit record high on Airbus boost, Bayer hurt by Roundup ruling

German shares shed around 0.3pc, lagging other regional markets, with Bayer the biggest drag on the DAX, falling 5.0pc.

Published 27 May, 2021 10:34pm

Pakistan

SBP to announce Monetary Policy on Friday

The MPC would review key trends and prospects in the real, external and fiscal sectors, and the resulting outlook for monetary conditions and inflation.

Published 26 May, 2021 07:40pm

Markets

Dollar falls to early January lows; yuan rally gets noticed

Dollar index back below 90; euro above $1.22.
Chinese yuan gains to 6.40 to dollar, state banks intervene.
Interest rate trajectories drawing attention.

Published 25 May, 2021 08:31pm

World

Fed's Evans says easy monetary policy has his 'full' support

"I have not seen anything yet to persuade me to change my full support of our accommodative stance for monetary policy or our forward guidance about the path for policy," Evans said in remarks prepared for delivery to a Bank of Japan conference.
Government spending has lifted inflation expectations recently, he noted, in what he called a "welcome" development.

Published 25 May, 2021 06:49pm

Business & Finance

Aussie, kiwi up

SYDNEY/WELLINGTON: The Australian dollar traded near the lower end of its five-and-a-half week range against the...

Published 25 May, 2021 04:40am

MPC meetings: State Bank introduces advance calendar

KARACHI: For the first time in the history, the State Bank of Pakistan (SBP) has introduced advance calendar of...

Published 21 May, 2021 05:04am

Business & Finance

SBP rolls out advance calendar of MPC meetings

It is pertinent to mention that a minimum of six MPC meetings are scheduled every year.
The SBP has lately taken a number of initiatives to modernize and increase transparency in the monetary policymaking process.

Published 20 May, 2021 01:35pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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