Topic

recession

Industrial slump leaves Germany on brink of recession

Published 30 Oct, 2024 12:06pm

FRANKFURT: German output likely contracted again in the third quarter as an industrial slump drags on, official data...

German govt expects another recession in 2024

Published 07 Oct, 2024 06:48am

FRANKFURT, (Germany): The German government has slashed its forecast and now expects Europe’s largest economy to...

Middle class is in deep recession

Updated 15 Aug, 2024 06:52am

What good is a 3.2 percent GDP growth rate next year and inflation dropping below 10 percent in FY25 to someone...

Stocks sink with bond yield and dollar on recession fears

Published 06 Aug, 2024 06:40am

NEW YORK/LONDON: Global equities suffered heavy losses on Monday as Wall Street joined a global stock rout that...

Germany likely to fall into recession: central bank

Published 20 Feb, 2024 03:09am

FRANKFURT: German output is likely to shrink slightly in the first quarter, sending Europe’s top economy into...

Unraveling the lipstick effect truth

Updated 12 Feb, 2024 05:46pm

Let’s get ourselves familiarized with the lipstick effect. It happens during the times of economic downturns and...

Euro zone recession fears harden as surveys show grim start to Q4

Published 07 Nov, 2023 06:33am

LONDON: The downturn in euro zone business activity accelerated last month as demand in the dominant services...

US economy defies recession fears with strong Q2 performance

Published 31 Jul, 2023 06:43am

WASHINGTON: The US economy grew faster than expected in the second quarter as a resilient labor market supported...

S Africa skirts recession with surprise Q1 growth

Published 12 Jun, 2023 06:26am

JOHANNESBURG: South Africa’s economy grew slightly in the first three months of the year, confounding fears of a...

Data lifts dollar, euro soft as Germany enters recession

Published 26 May, 2023 06:48am

NEW YORK: The dollar rose for a fourth straight session on Thursday against a basket of major peers to hit a fresh...

Recession, millions of jobs lost if US defaults: Treasury

Published 14 May, 2023 09:50pm

WASHINGTON: President Joe Biden’s administration again warned Sunday of “catastrophic” consequences for the US...

Recession-wary investors pour $9.1bn into hedge funds in first quarter

Published 22 Apr, 2023 03:38am

BOSTON: Hedge funds pulled in $9.1 billion in new money during the first three months of 2023, data showed on ...

German economy expected to avoid recession: report

Published 17 Apr, 2023 06:41am

BERLIN: Germany is expected to narrowly escape recession and post modest growth in the first quarter of the year,...

Europe to see 'sharp slowdown' but not recession: IMF official

Published 15 Apr, 2023 12:16am

WASHINGTON: Europe will see a "sharp slowdown" in economic growth this year, but most countries will avoid a...

IMF raises eurozone growth forecast, sees German recession

Published 11 Apr, 2023 06:32pm

WASHINGTON: The IMF on Tuesday slightly raised its forecast for economic growth in the eurozone this year but it...

European shares rise as banking gains offset US recession jitters

Published 07 Apr, 2023 06:06am

PARIS: European shares rose on Thursday, heading into a long Easter weekend break, as real estate and travel stocks...

Banking stress brings US closer to recession: Fed’s Kashkari

Published 27 Mar, 2023 06:15am

WASHINGTON: Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US ...

Markets bracing for ‘no landing’ world economy scenario curb risk appetite

Updated 23 Feb, 2023 06:21am

Markets, bracing for a “no landing” scenario where global economic growth is resilient and inflation stays ...

US firms face more pain as likely ‘earnings recession’ looms

Published 20 Feb, 2023 06:26am

NEW YORK: US companies’ earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor...

Oil holds firm ground

Published 14 Feb, 2023 09:32am

Everything the collective West has thrown at Russia, it has been responded with substance. Brent oil had its highest...

EU lifts growth forecast as eurozone skirts recession

Published 14 Feb, 2023 07:03am

BRUSSELS: Europe’s economy will grow more than previously forecast this year as it avoids a winter recession, with...

Hopes grow that eurozone will dodge recession

Published 24 Jan, 2023 05:54pm

BRUSSELS: Europe’s economy grew in January for the first time since June, a closely watched survey showed Tuesday,...

Germany 'not going into a recession' in 2023: Scholz

Published 17 Jan, 2023 10:20pm

BERLIN: Germany will avoid a painful recession this year, Chancellor Olaf Scholz said Tuesday, predicting that...

'Temporary measure': Another Pakistani textile firm cuts production by up to 50%

Published 03 Jan, 2023 12:56pm

Crescent Fibres Limited says it will restart production as soon as demand improves

Private debt markets face reality check as companies grapple with recession

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

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