Trends - Turkish lira - Business Recorder

Turkish lira

Turkish locals' forex holdings at new record high as of Dec 18

They stood at $231.54 billion the previous week.
President Tayyip Erdogan's pledge last month of economic reforms led foreigners to snatch up Turkish assets but locals have remained wary.

Published 24 Dec, 2020 05:29pm

Markets

Turkey's lira outperforms as central bank to keep tight policy, dollar falls

The lira rose 0.6pc to trade at 7.7812 per dollar, hitting its highest level since in almost two weeks.

Published 16 Dec, 2020 05:15pm

Markets

Turkish lira weakens after sources say US set to impose sanctions

The lira weakened as far as 7.9290 against the US currency and stood at 7.9175.
sanctions on Turkey over its acquisition of Russian S-400 air defence systems.

Published 11 Dec, 2020 12:41am

Markets

Turkey's lira slips as expectations grow for rate hike, sanctions

On Friday, the lira slipped after US lawmakers included mandatory Turkish sanctions in a defence spending bill that moves Washington a step closer to punishing its NATO ally for buying Russian S-400 missile defences.

Published 07 Dec, 2020 02:15pm

Markets

Turkish lira's real effective exchange rate near record low

The rate, announced by the central bank, measures the weighted average of domestic prices relative to those of Turkey's trading partners. It stood at 60.54 in October.

Published 04 Dec, 2020 05:31pm

Markets

Turkish lira weakens as much as 2pc against dollar

The lira weakened as far as 8.05 to the U.S. currency from Monday's close of 7.8880.

Published 24 Nov, 2020 03:55pm

Markets

Erdogan whip-saws lira ahead of key central bank decision

We have to be much more careful on this point and not allow our investors to be crushed by high interest rates.
Our aim is to reach single-digit inflation right away by maintaining fiscal discipline (and) implementing structural and micro reforms" focused on growth and employment.

Published 18 Nov, 2020 07:48pm

Markets

Turkish lira weakens with central bank rate decision looming

A pledge from President Tayyip Erdogan for a new economic model provided further impetus for the currency.
The lira later weakened as much as 1% to 7.7575 from Friday's close of 7.6800. It stood at 7.7450.

Published 16 Nov, 2020 05:23pm

Markets

Turkish lira surges 6pc after finance minister, central bank chief depart

Lira had slumped more than 30% this year to record lows.
Policy overhaul seen after two key economic figures depart.
Shares also rally, led higher by banks.

Published 09 Nov, 2020 06:11pm

Markets

Erdogan oust central bank chief after lira hits record lows

The Turkish currency, lira, has depreciated since the beginning of the year, falling by a record 30 percent.

Published 07 Nov, 2020 03:50pm

Markets

Fitch sees growing risk as Turkish lira hits new low

Double-digit inflation and depleted FX reserves "would significantly increase the chances" of a formal interest rate hike by year end.
The lira slid as much as 1.7% to a record low of 8.56 versus the dollar, despite the greenback's weakness as votes were still being counted in Tuesday's tight US election.

Published 06 Nov, 2020 05:50pm

Markets

Falling lira, high prices put Turkey's cenbank in tight spot

Lira down 30% this year.
Inflation remains near 12% since January.
Economy recovering after nearly 10% contraction in Q2.
Cenbank under political pressure to ease policy.

Published 03 Nov, 2020 07:41pm

Markets

Turkish rate hike needs follow through for real game change

Although raising rates by 200 basis points during a global pandemic and slump is unusual, analysts welcomed the Central Bank of Turkey’s (CBT) response in the face of rising inflation.

Published 26 Sep, 2020 11:49am

Markets

Turkish lira hits record low ahead of central bank rates decision

At 0645 GMT, the lira was at 7.7025 against the dollar after touching an all-time low of 7.7170 earlier in the session. It closed at 7.7030 on Wednesday.

Published 24 Sep, 2020 04:44pm

Markets

Turkish lira near record lows after Moody's downgrade

The ratings agency said Turkey's external vulnerabilities are likely to result in a balance of payments crisis.
Turkey's prospects have materially weakened. The possibility of a funding shock continues to be the key risk facing the Turkish economy.

Published 14 Sep, 2020 04:59pm

Markets

Turkish lira, energy shares rise after Erdogan says 'good news' coming

While Erdogan did not elaborate, a source said his statement was related to Turkey's discovery of energy resources in two separate locations in the Black Sea.
Its operations have led to a dispute with NATO ally Greece over overlapping claims in the Mediterranean.

Published 19 Aug, 2020 10:58pm

Markets

Lira stumbles again as Turkish assets take a hit

The lira slipped by more than 0.5% to 7.0060 against the dollar by 1910 GMT, its lowest level since mid-May.
Some analysts have said the renewed lira pressure - two years after a full-blown currency crisis - show the interventions may be running out of steam.

Published 31 Jul, 2020 01:08am

Markets

Volatile Turkish lira tumbles to record low vs euro

Depleted reserves, local dollar demand cited for moves.
Costly state interventions held lira steady for two months.

Published 29 Jul, 2020 10:54pm

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
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Petrol/Litre / May 2	288.49
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
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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