Trends - Swiss National Bank - Business Recorder

Swiss National Bank

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

Markets

Swiss National Bank chairman says focus on price stability ‘absolutely essential’

ZURICH: Fighting inflation and ensuring price stability is “absolutely essential” Swiss National Bank Chairman...

Published 20 Jan, 2023 02:27pm

Markets

Swiss central bank faces record loss

ZURICH: The Swiss central bank said Monday it expects to have logged a record loss totalling 132 billion Swiss...

Published 09 Jan, 2023 03:14pm

Markets

Swiss National Bank hikes rates by 50 basis points

BERN: The Swiss National Bank raised its policy interest rate by 50 basis points on Thursday - the central bank’s...

Published 15 Dec, 2022 01:49pm

Markets

Swiss National Bank allots zero liquidity at latest dollar auction

ZURICH: The Swiss National Bank allotted no extra dollar liquidity to banks in its latest auction, the central bank...

Published 26 Oct, 2022 02:25pm

Markets

Swiss franc weakens versus dollar and euro after central bank raises rates

LONDON: The Swiss franc weakened against the dollar and euro on Thursday after the Swiss National Bank raised...

Published 22 Sep, 2022 12:53pm

Business & Finance

Credit Suisse scraps negative rates for Swiss private clients

ZURICH: Credit Suisse is scrapping the negative interest rates it has charged wealthy Swiss clients since 2020, the...

Published 30 Jun, 2022 07:46am

Markets

Indian shares plunge

BENGALURU: Indian shares plunged more than 2% on Thursday after the Swiss National Bank’s surprise interest rate...

Published 17 Jun, 2022 06:37am

Business & Finance

Canadian dollar falls

TORONTO: The Canadian dollar weakened against its US counterpart on Thursday as oil prices fell and interest rate...

Published 17 Jun, 2022 06:37am

Business & Finance

Swiss franc soars vs dollar, euro

NEW YORK: The Swiss franc soared against the dollar and the euro on Thursday after the Swiss National Bank delivered...

Published 17 Jun, 2022 06:37am

Markets

Widening inflation impact led to SNB rate hike

BERN: The Swiss National Bank decided to hike interest rates by half a percentage point because inflation had spread...

Published 16 Jun, 2022 01:33pm

Markets

Swiss National Bank to leave rates steady in June, raise 25 bps in Sept

BENGALURU/ZURICH: The Swiss National Bank will keep its negative policy interest rate unchanged on Thursday and will...

Published 14 Jun, 2022 12:38pm

Business & Finance

Swiss National Bank opposed bitcoin as reserve currency

ZURICH: The Swiss National Bank is against buying and holding bitcoin as a reserve currency, Chairman Thomas Jordan...

Published 01 May, 2022 05:11am

Markets

Swiss National Bank ramped up forex interventions in Q4 2021

ZURICH: The Swiss National Bank spent 12.627 billion Swiss francs ($13.68 billion) on foreign currencies during the...

Published 31 Mar, 2022 12:52pm

Markets

Swiss National Bank expected to resist global rate-hike trend

ZURICH: The Swiss National Bank will likely hold fast to the world’s lowest interest rate when it gives its latest...

Published 22 Mar, 2022 11:36am

Markets

Swiss National Bank posts $28.6 billion profit for 2021

ZURICH: Swiss National Bank said on Monday its 2021 profit rose to 26.3 billion Swiss francs ($28.57 billion),...

Published 07 Mar, 2022 12:10pm

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Jun 10 Power Cement (Pref)(POWERPS)	6 ▲ 1.00 (20.00%)
Pak Gulf Leasing / Jun 10 Pak-Gulf Leasing Company Limited(PGLC)	7.55 ▲ 1.00 (15.27%)
PICIC Ins.Ltd. / Jun 10 PICIC Insurance Limited(PIL)	0.68 ▲ 0.09 (15.25%)
Sindh Modaraba / Jun 10 Sindh Modaraba(SINDM)	8.20 ▲ 1.00 (13.89%)
Sec. Inv. Bank / Jun 10 Security Investment Bank Limited(SIBL)	5.50 ▲ 0.54 (10.89%)
Hala Enterprise / Jun 10 Hala Enterprises Limited(HAEL)	7.05 ▲ 0.65 (10.16%)
Merit Packaging / Jun 10 Merit Packaging Limited(MERIT)	8.80 ▲ 0.79 (9.86%)
Popular Islamic / Jun 10 Popular Islamic Modaraba(PIM)	10.95 ▲ 0.96 (9.61%)
Next Capital / Jun 10 Next Capital Limited(NEXT)	5.44 ▲ 0.45 (9.02%)
Ist.Dawood Bank / Jun 10 First Dawood Investment Bank Limited(FDIBL)	1.70 ▲ 0.14 (8.97%)

Stock	Price
Mod. Al-Mali (R) / Jun 10 Modaraba Al-Mali R(MODAMR1)	0.23 ▼ -0.25 (-52.08%)
F.Treet Manuf / Jun 10 First Treet Manufacturing Modaraba(FTMM)	5.36 ▼ -1.00 (-15.72%)
HBL Invest Fund / Jun 10 HBL Investment Fund(HIFA)	1.38 ▼ -0.22 (-13.75%)
Service Textile / Jun 10 Service Industries Textiles Limited(SERT)	6.50 ▼ -0.70 (-9.72%)
Tariq Corp.Pref. / Jun 10 Tariq Corporation Limited-Preference Shares(TCORPCPS)	9.49 ▼ -1.00 (-9.53%)
United Brands / Jun 10 United Brands Limited(UBDL)	10.20 ▼ -0.94 (-8.44%)
EFG Hermes Pak / Jun 10 EFG Hermes Pakistan Limited(EFGH)	11.50 ▼ -0.98 (-7.85%)
First IBL Mod. / Jun 10 First IBL Modaraba(FIBLM)	2.60 ▼ -0.22 (-7.80%)
Allawasaya Tex / Jun 10 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	2764 ▼ -224.00 (-7.50%)
Ellcot Spinning / Jun 10 Ellcot Spinning Mills Limited(ELSM)	97.52 ▼ -7.91 (-7.50%)

Stock	Volume
Unity Foods Ltd / Jun 10 Unity Foods Limited(UNITY)	28,723,523 ▲ 0.24
TPL Properties / Jun 10 TPL Properties Limited(TPLP)	19,470,263 ▲ 0.38
WorldCall Telecom / Jun 10 Worldcall Telecom Limited(WTL)	17,617,018 ▲ 0.01
Faysal Bank / Jun 10 Faysal Bank Limited(FABL)	10,414,954 ▲ 1.25
Hascol Petrol / Jun 10 Hascol Petroleum Limited(HASCOL)	9,814,500 ▲ 0.23
Pak Refinery / Jun 10 Pakistan Refinery Limited(PRL)	9,600,621 ▼ -0.04
P.I.A.C.(A) / Jun 10 Pakistan International Airlines Corp(PIAA)	8,850,500 ▲ 0.02
Pak Int.Bulk / Jun 10 Pakistan International Bulk Terminal(PIBTL)	6,660,000 ▲ 0.12
Fauji Foods Ltd / Jun 10 Fauji Foods Limited(FFL)	6,382,956 ▲ 0.01
Telecard Limited / Jun 10 Telecard Limited(TELE)	5,453,799 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	286.95
USD PKR Interbank Buying / Jun 9	286.80
USD to Japanese Yen / Jun 9	139.40
USD to Swiss Franc / Jun 9	0.90
Pound Sterling to USD / Jun 9	1.26
Euro to USD / Jun 9	1.07
UK LIBOR % / Jun 9	5.07

Stock	Volume
S&P 500 / Jun 9	4298.86
India Sensex / Jun 9	62625.63
Tokyo Nikkei / Jun 9	32265.17
Nasdaq / Jun 9	13259.14
Hang Seng / Jun 9	19389.95
FTSE 100 / Jun 9	7562.36
Dow Jones / Jun 9	33876.78
Germany DAX 30 / Jun 9	15949.84
France CAC40 / Jun 9	7213.14

Item	Value
Crude Oil USD/Barrel / Jun 9	70.17
Karachi Cotton PKR/37.32 KG / Jun 9	20235
Gold 10 Grams PKR / Jun 9	196588
Gold Spot USD/Ounce / Jun 9	1961.19
Cotton US¢/pound / Jun 9	81.82

Swiss National Bank

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