Trends - Swiss National Bank - Business Recorder

Swiss National Bank

Dollar set for weekly rise

NEW YORK: The dollar headed for a second week of gains on Friday, with a slight rate hike in Japan unable to halt ...

Published 23 Mar, 2024 05:41am

Business & Finance

Dollar gains on risk sentiment

NEW YORK: The dollar rose on Thursday as the strength of the US economy and high interest rates along with a ...

Published 22 Mar, 2024 04:57am

Markets

Sterling steady ahead of Bank of England decision

LONDON: The pound steadied against the dollar on Thursday, ahead of a Bank of England meeting at which the central...

Published 21 Mar, 2024 01:31pm

Business & Finance

Swiss central bank calls for more action on capital regulation

ZURICH: The Swiss National Bank (SNB) on Tuesday said more action needed to be taken on capital regulation following...

Published 19 Mar, 2024 12:55pm

Business & Finance

Swiss National Bank loses $3.6 billion in 2023

ZURICH: The Swiss National Bank posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, the...

Published 04 Mar, 2024 12:42pm

Business & Finance

Swiss National Bank posts annual loss of 3 billion Swiss francs

ZURICH: The Swiss National Bank posted an annual loss of 3 billion Swiss francs ($3.54 billion) for 2023, the...

Published 09 Jan, 2024 12:09pm

Business & Finance

Swiss National Bank keeps interest rate at 1.75% as expected

BERN: The Swiss National Bank held its policy interest rate steady at 1.75% on Thursday, kicking off a busy day for...

Published 14 Dec, 2023 01:53pm

Markets

Dollar on back foot as traders look to Fed for cut timing clues

TOKYO: The dollar remained on the back foot versus major rivals on Wednesday, as traders braced for the conclusion...

Published 13 Dec, 2023 09:32am

Business & Finance

Lower Swiss inflation points to interest rate freeze

ZURICH: The Swiss National Bank has scope to keep its interest rate on hold at 1.75% next week before considering...

Published 04 Dec, 2023 04:58pm

Markets

Swiss National Bank posts 12bn franc Q3 loss

ZURICH: The Swiss National Bank on Tuesday posted a 12.04 billion franc ($13.36 billion) loss for the third quarter...

Published 31 Oct, 2023 01:04pm

Markets

Swiss National Bank in wait and see mode after pausing rate hikes

ZURICH: The Swiss National Bank has entered “wait and see mode” it said on Thursday after a surprise decision to...

Published 21 Sep, 2023 01:40pm

Business & Finance

UBS no longer taking state aid for Credit Suisse takeover

ZURICH: Swiss banking giant UBS voluntarily put an end Friday to the state and central bank support that smoothed ...

Published 12 Aug, 2023 06:44am

Markets

Swiss National Bank posts $15 billion loss during second quarter

ZURICH: The Swiss National Bank posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion), it said...

Published 31 Jul, 2023 11:35am

Business & Finance

SNB to launch digital currency pilot: chairman

ZURICH: The Swiss National Bank (SNB) is to issue a wholesale central bank digital currency (CBDC) on ...

Published 03 Jul, 2023 06:04am

Business & Finance

Swiss National Bank Chairman hints at rate rises to tackle inflation

ZURICH: The Swiss National Bank could raise interest rates to tackle inflation which remains above target, Chairman...

Published 10 Jun, 2023 10:58am

Markets

Credit Suisse liquidity support from government should be soon repaid

ZURICH: Credit Suisse should soon repay the emergency liquidity that the Swiss government gave the stricken bank to...

Published 26 May, 2023 11:20am

Markets

Powerful Swiss central bank faces reform calls in wake of Credit Suisse rescue

ZURICH: The Swiss National Bank is facing calls for an overhaul in its governance, with critics saying too much...

Published 28 Apr, 2023 11:40am

Markets

Stock market rise helps SNB post Q1 profit of 26.9bn Swiss francs

ZURICH: The Swiss National Bank made a profit of 26.9 billion Swiss francs ($30.20 billion) during the first...

Published 27 Apr, 2023 11:11am

Markets

Central banks cut dollar operations with Fed as market stress eases

FRANKFURT/LONDON/TOKYO: The world’s top central banks will reduce the frequency of their dollar operations with the...

Published 25 Apr, 2023 02:10pm

Markets

UBS Chief Risk Officer Bluhm to continue in role

ZURICH: UBS on Monday said Christian Bluhm will continue as Group Chief Risk Officer for the “foreseeable future”...

Published 24 Apr, 2023 10:53am

Bank takeover prevented Swiss economy collapse: minister

GENEVA: Swiss Finance Minister Karin Keller-Sutter said Switzerland’s economy would probably have collapsed had...

Updated 10 Apr, 2023 08:28am

Markets

SNB’s Schlegel says central bank will do everything it can to bring inflation down

ZURICH: The Swiss National Bank will do everything it can to bring inflation down, Vice Chairman Martin Schlegel...

Published 04 Apr, 2023 10:48am

Business & Finance

UBS-Credit Suisse deal may not lead to Swiss bliss

GENEVA: The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown — but ...

Published 27 Mar, 2023 06:15am

Markets

SNB sold $24bn in foreign currencies during 2022 in intervention U-turn

ZURICH: The Swiss National Bank sold 22.3 billion Swiss francs ($23.97 billion) worth of foreign currencies...

Published 21 Mar, 2023 12:38pm

Markets

Bank of England receives no bids in new daily dollar repo operation

LONDON: The Bank of England said it received no bids for dollar liquidity at a first daily seven-day repo operation...

Published 20 Mar, 2023 03:38pm

Markets

Yen drops, dollar on defensive as central banks seek to reassure markets

TOKYO: Currency markets showed some cautious optimism after global authorities moved to stem contagion from a...

Published 20 Mar, 2023 10:09am

Markets

Credit Suisse launches tender offer for euro and dollar notes

LONDON: Credit Suisse launched on Thursday a cash tender offer for its euro and US dollar denominated notes,...

Published 16 Mar, 2023 02:08pm

Markets

Fear over bank turmoil sparks flight to safe haven currencies

SINGAPORE: Safe haven currencies like the US dollar and the yen were in bid on Thursday on renewed fears of a global...

Published 16 Mar, 2023 10:31am

Markets

Credit Suisse says it will borrow up to $53.7bn from central bank

ZURICH: Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to...

Published 16 Mar, 2023 10:09am

Markets

Swiss National Bank reports annual loss of 132.5bn Swiss francs

ZURICH: The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion),...

Published 06 Mar, 2023 01:57pm

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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