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U.S. central bank

Dollar makes broad gains on inflation worries

NEW YORK: The dollar rose on Wednesday toward the 1-year high touched last week as surging energy prices fuelled...

Published 07 Oct, 2021 04:25am

Markets

U.S. yields tumble as Evergrande fears boost safe-haven appeal

NEW YORK: U.S. Treasury yields fell on Monday as fears that property developer China Evergrande Group might default...

Updated 21 Sep, 2021 12:49am

Officials’ trading: Powell orders sweeping ethics review

WASHINGTON: Federal Reserve Chair Jerome Powell has ordered a sweeping review of the ethics rules governing ...

Updated 17 Sep, 2021 09:18am

Business & Finance

Dollar sags as weaker-than-expected US inflation continues to weigh

NEW YORK: The dollar weakened against major currencies on Wednesday after softer-than-expected U.S. inflation data...

Published 16 Sep, 2021 04:02am

Markets

Gold pulls back as dollar strengthens, caution sets in

Spot gold fell 0.4pc to $1,808.67 per ounce by 1:33 p.m. EDT (1733 GMT) after touching its highest level since Aug. 4. U.S. gold futures settled down 0.4pc at $1,812.2

Published 30 Aug, 2021 10:57pm

Opinion

Powell’s wait-and-see speech reassures some investors

US Fed Chair Jerome Powell’s wait-and-see approach in a much-anticipated address on Friday gave investors and...

Published 29 Aug, 2021 03:08am

Markets

Gold pauses retreat as investors lock in on Fed's Jackson Hole event

Bullion slipped as much as 1.2pc and below the key $1,800 mark on Wednesday as a stronger dollar dented its appeal.

Published 26 Aug, 2021 11:52pm

Markets

Yields rise with Fed's Powell speech in focus

The move higher may have been exacerbated by algorithmic traders selling Treasuries after the 10-year yields broke above their daily 200-day moving average.

Published 25 Aug, 2021 11:00pm

Markets

Yields drift lower, Fed's Powell this week's focus

The yields are in the middle of their recent range after falling from a one-month high of 1.379% on Aug. 12, while holding above a six-month low of 1.127% reached earlier this month.

Published 24 Aug, 2021 01:00am

Fed backs interest rates liftoff in 2023

WASHINGTON: The US economy is on track by the end of next year to meet the employment and inflation hurdles the...

Published 05 Aug, 2021 04:35am

Markets

Gold eases as market prepares for Fed meeting outcome

Spot gold was down 0.2pc at $1,798.41 per ounce by 13:56 p.m. EDT, while U.S. gold futures settled 0.1pc lower at $1,799.20.

Published 26 Jul, 2021 11:56pm

Markets

U.S. yields slightly down after solid 2-year note auction, ahead of Fed

Chinese blue chips shed 3.2% in the biggest daily decline since March, as the education and property sectors were battered due to concerns over tighter government rules.

Published 26 Jul, 2021 11:49pm

Opinion

Investors focus on central bank speakers after extreme market moves

With all eyes on the U.S. central bank this week, some investors are looking to a parade of Federal Reserve speakers...

Published 23 Jun, 2021 04:26am

Markets

Two-year yields hover near 13-month peak, yield curve flattens

The yield curve spread between five-year notes and 30-year bonds hit 110.62 basis points, its lowest level since August 2020, before ticking back to 117.90.

Published 22 Jun, 2021 12:17am

Markets

Copper heads for biggest weekly fall since March 2020

The sell-off follows a remarkable rally, with the metal used in power and construction reaching a record high of $10,747.50 in May.

Published 19 Jun, 2021 01:26am

Markets

Gold falls over 2pc palladium sheds 9pc as post-Fed slide accelerates

Weakening physical demand and slowing speculative flows into gold, both of which began before the Fed meeting, could also help to drive a further pullback, Ghali added.

Published 17 Jun, 2021 10:18pm

Markets

S&P 500, Nasdaq weighed down by inflation worries after upbeat data

The S&P index recorded 30 new 52-week highs and no new low, while the Nasdaq recorded 55 new highs and 21 new lows.

Published 04 Jun, 2021 12:39am

Markets

South Africa's rand firms, shares rise

The main indexes are now hovering near all-time best highs seen earlier in May, with a strong local earnings complimented by dissipating concerns on inflation.

Published 28 May, 2021 10:18pm

Markets

Gold edges closer to 4-month high on weaker dollar, inflation fears

Gold is also getting support from chart-based buyers after bullion broke above its 200-day moving average, considered to be a bullish signal.

Published 19 May, 2021 12:00am

Markets

U.S. yields slide after jobless claims, but massive supply looms

Dovish Federal Reserve minutes released on Wednesday, which reiterated that the U.S. central bank was in no rush to raise interest rates, also weighed on Treasury yields.

Updated 09 Apr, 2021 09:19am

Markets

German 10-year yield falls to February low as pandemic concerns weigh

The number of new confirmed coronavirus cases in Germany rose the most since Jan. 9, while the number of people with COVID-19 in French intensive care units set a high for 2021.

Published 25 Mar, 2021 11:48pm

Markets

Gold shrugs off higher yields, dollar after Powell testimony

Spot gold rose 0.5pc to $1,735.24 per ounce by 12:48 P.M EDT (1648 GMT). U.S. gold futures gained 0.6pc to $1,734.90.

Updated 25 Mar, 2021 12:06am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.25
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 7	5187.70
Nasdaq / May 7	16332.56
FTSE 100 / May 7	8313.67
Dow Jones / May 7	38884.26
Germany DAX 30 / May 7	18430.05
France CAC40 / May 7	8075.68
India Sensex / May 8	73566.30
Tokyo Nikkei / May 8	38202.37

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Gold 10 Grams PKR / May 7	205761
Petrol/Litre / May 8	288.49
Crude Oil USD/Barrel / May 8	77.89
Gold Spot USD/Ounce / May 8	2314.41
Diesel/Litre / May 8	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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