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Morgan Stanley

Wall Street at record highs as Netflix jumps, Biden inaugurated

NEW YORK: US stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th US president, while...

Published 22 Jan, 2021 04:47am

Business & Finance

Morgan Stanley profit races past estimates as trading shines

High trading volumes during the quarter, stemming from the US elections and the release of coronavirus vaccines.
Morgan Stanley's equity underwriting revenue soared 81% from a year earlier, driven by high profile IPOs and follow-on offerings as clients continued to access capital markets.

Published 20 Jan, 2021 08:40pm

Business & Finance

Morgan Stanley profit surges on trading strength

Net income applicable to common shareholders rose to $3.27 billion, or $1.81 per share, in the quarter ended Dec. 31.
Analysts had expected a profit of $1.27 per share, according to Refinitiv IBES data.

Published 20 Jan, 2021 05:38pm

Markets

Asia shares look to China for recovery lead, earnings in focus

The Canadian dollar eased to $1.2731 on reports Biden would cancel a permit for the Keystone XL pipeline as one of his first acts in office.

Published 19 Jan, 2021 11:05am

Markets

Asia shares pare losses as China economy rebounds

Biden's pick for Treasury Secretary, Janet Yellen, is expected to rule out seeking a weaker dollar when testifying on Capital Hill on Tuesday, the Wall Street Journal reported.

Published 18 Jan, 2021 10:20am

World

China's Innovent Biologics plans $610mn share sale to expand production, clinical trials

The Jiangsu-based biopharmaceutical firm said TYVYT_ is co-developed in China by the company and US-based peer Eli Lilly.

Published 15 Jan, 2021 11:42am

Markets

Energean approves Israel gas field development

The Karish North field, which was discovered less than two years ago, is expected to start production in the second half of 2023.
The first well at Karish North is expected to produce up to 300 million standard cubic feet per day (3 billion cubic metres per year).

Published 14 Jan, 2021 05:52pm

Markets

Brexit: Morgan Stanley sees FTSE 250 down as much as 10pc on no deal

Morgan Stanley sees shares of UK banks falling 10pc to 20pc in a "no deal" scenario, given there is a higher chance the Bank of England would cut interest rates into negative territory.

Published 11 Dec, 2020 06:12pm

Business & Finance

Morgan Stanley takes some 'chips off the table' after emerging market surge

The bank said it was sticking to its core view that developing economy currencies and select countries' bonds would continue to climb, but was dialling back its bullish bets after November's surge.
They said they were watching China's credit cycle particularly closely.

Published 08 Dec, 2020 12:44am

Business & Finance

Banks cut Europe's economic growth outlook as lockdown 2.0 starts

UK Prime Minister Boris Johnson ordered England back into a national lockdown from Thursday as a second wave of infections threatened to overwhelm the health service.
US investment bank Goldman said it expects the euro area's real gross domestic product (GDP) to shrink 2.3% in the fourth quarter.

Published 02 Nov, 2020 05:56pm

Business & Finance

Morgan Stanley profit crushes estimates on trading strength

Like fellow Wall Street trading powerhouse Goldman Sachs, Morgan Stanley capitalized on a flurry of activity in financial markets.
We clearly have our plate full.
Morgan Stanley shares rose 1.5% to $51.40 in afternoon trading.

Published 16 Oct, 2020 01:23am

Business & Finance

Morgan Stanley Q3 profit jumps 26pc on trading boost

Net income applicable to common shareholders rose to $2.60 billion in the quarter ended Sept. 30, from $2.06 billion a year ago.

Published 15 Oct, 2020 04:40pm

Markets

Morgan Stanley to pay $60mn penalty for insufficient oversight of data centers

The regulator said the bank had similar vendor management issues in 2019 when decommissioning other network devices.
The bank offered two years of free credit monitoring services to affected customers.

Published 08 Oct, 2020 11:42pm

Business & Finance

Morgan Stanley doesn't expect trading boom to continue

August activity good with no real slowdown –CFO.
On track to complete E*Trade buy in Q4 –CFO.

Published 16 Sep, 2020 08:45pm

World

Morgan Stanley hikes chance of WTO-style Brexit to 40pc

Morgan Stanley hike chances of WTO-style Brexit outcome to 40%.
Risk higher if hopes build of close US trade deal.
Sees WTO terms wiping 10% off pound, whereas deal would lift it.

Published 11 Sep, 2020 06:44pm

Business & Finance

Banks eye layoffs as short-term crisis ends, long-term costs emerge

Compared with April projections, bank economists and executives expect the US economy to take longer to recover.
No question, layoffs (will) come across the board for all the banks," said Barry Schwartz, chief investment officer at Toronto-based Baskin Wealth Management.

Published 28 Aug, 2020 04:17pm

Business & Finance

France suspends Morgan Stanley as bond dealer

As a recognised official trader, Morgan Stanley was allowed to take part in sales of French government debt managed by the state agency AFT, which imposed the sanction.

Published 04 Aug, 2020 06:06pm

Business & Finance

UBS, Morgan Stanley expected to lead Vodafone Tower IPO

The two banks boast a close relationship with Vodafone and both pitched to become joint global coordinators in the listing, which is expected early next year.
Goldman Sachs has also pitched for a top job in the initial public offering (IPO) and hopes to be in the driving seat.

Published 17 Jul, 2020 07:08pm

Business & Finance

Morgan Stanley profit jumps 45pc on trading boom

The bank's trading unit recorded a 68% jump in revenue, led by a nearly 168% surge in bond trading. Equities trading revenue rose 23%.
Morgan Stanley set aside $239 million as provisions for credit losses, down from $407 million in the previous quarter.

Published 16 Jul, 2020 05:10pm

Markets

Wall Street rises on vaccine hopes, Goldman profit beat

Goldman Sachs jumps as trading revenue doubles.
Energy, industrial, financial stocks lead gains.
Indexes up: Dow 0.99%, S&P 0.81%, Nasdaq 0.47%.

Published 15 Jul, 2020 08:26pm

Business & Finance

Greece's NBG hires Morgan Stanley to advise on 6bn euro bad debt sale

The bank said on Tuesday that on completion of the sale, which will involve a securitisation, its non-performing exposures ratio would fall to below 15%.
NBG will be left with around 4.0 billion euros of NPEs, the bankers said.

Published 30 Jun, 2020 06:12pm

Business & Finance

Morgan Stanley's Gorman says worst behind, sees smaller reserve build in Q2

"The worst is behind us," Gorman said regarding the bank's reserve build, while speaking at Morgan Stanley's annual US financials conference.
He attributed the improvement in part to the bank's credit portfolio, which does not include a credit-card bu

Published 10 Jun, 2020 12:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
FTSE 100 / May 1	8121.24
Dow Jones / May 1	37903.29
Germany DAX 30 / May 1	17932.17
France CAC40 / May 1	7984.93
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07

Item	Value
Gold 10 Grams PKR / Apr 30	207390
Petrol/Litre / May 2	288.49
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold Spot USD/Ounce / May 2	2311.74
Diesel/Litre / May 2	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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