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U.S. Federal Reserve

Most Gulf markets fall

DUBAI: Most stock markets in the Gulf ended lower on Wednesday over Omicron worries and as investors worldwide await...

Published 16 Dec, 2021 04:00am

Markets

Gold anchors near two-week low

LONDON: Gold prices stabilised near a two-week low on Wednesday, as investors await the U.S. Federal Reserve’s...

Published 16 Dec, 2021 04:00am

Business & Finance

Australia, NZ dollars feel the pressure from Fed, viral spread

SYDNEY: The Australian and New Zealand dollars were on the defensive on Wednesday as market waited to see if the ...

Published 16 Dec, 2021 04:00am

Markets

Sterling edges higher versus euro as investors weigh up Omicron risk

LONDON: Sterling strengthened against the euro on Tuesday but stayed within recent ranges as uncertainty around the...

Published 14 Dec, 2021 10:38pm

Business & Finance

US dollar struggles on Omicron concerns; traders eye non-farm payrolls

NEW YORK: The dollar was on the defensive against some major currencies on Thursday, as investors fretted about the...

Published 03 Dec, 2021 04:31am

Markets

Nikkei drops as hawkish Fed bets unsettle investors

TOKYO: Japan’s Nikkei ended lower on Wednesday, as growth-oriented stocks took a beating amid investor concerns...

Published 25 Nov, 2021 03:53am

Markets

Gold rises as inflation unease boosts appeal

NEW YORK: Gold prices bounced on Wednesday as inflation worries pushed investors to the safe-haven metal, unfazed by...

Published 18 Nov, 2021 03:58am

Business & Finance

Dollar hovers near 16-month high with rate expectations in focus

NEW YORK: The U.S. dollar eased off of a fresh 16-month high on Wednesday, while the euro remained on its back foot...

Published 18 Nov, 2021 03:58am

Markets

Oil prices drop as US inventories rise

• U.S. crude stocks rose by 1 mln bbls last week: EIA • Inflation data boosts expectations for Fed action NEW...

Published 11 Nov, 2021 05:20am

World

Russia signals not ready to let Taliban into UN

UNITED NATIONS: No-one is in a hurry to recognize the Taliban as Afghanistan’s government, Russian UN Ambassador...

Published 30 Oct, 2021 04:37am

‘Just give us our money’: Taliban push to unlock Afghan billions abroad

FRANKFURT: Afghanistan’s Taliban government is pressing for the release of billions of dollars of central bank...

Updated 30 Oct, 2021 09:45am

Markets

Tech, healthcare firms drag Hong Kong shares lower

HONGKONG: Hong Kong shares closed lower on Wednesday, dragged down by technology and healthcare firms, while ...

Published 28 Oct, 2021 04:06am

Markets

US MIDDAY: Gold edges down

NEW YORK: Gold prices edged lower in choppy trading on Thursday, pressured by rising U.S. bond yields that countered...

Published 22 Oct, 2021 04:13am

Markets

Dollar attracts safe-haven flows, soars versus yen

NEW YORK: The dollar rose on Monday as surging energy prices prompted investors to seek safe havens, with the...

Updated 12 Oct, 2021 12:49am

Markets

Wall Street ends sharply higher as Big Tech roars back

Wall Street ended sharply higher on Tuesday, as Microsoft and Apple spearheaded a strong rebound in growth stocks ...

Updated 06 Oct, 2021 01:16am

Markets

South Africa's rand stronger as central bank highlights inflation risks

JOHANNESBURG: South Africa's rand gained on Tuesday afternoon as the central bank highlighted inflation risks in a...

Updated 05 Oct, 2021 11:16pm

Business & Finance

Pound hits end-2020 lows as UK fuel fears persist

LONDON: Sterling hit its lowest since end-2020 against the dollar on Wednesday, erasing all its gains for the year ...

Published 30 Sep, 2021 04:15am

Markets

Canadian dollar hits 4-week low as election jitters mount

TORONTO: The Canadian dollar weakened against its U.S. counterpart on Friday as commodity prices fell and investors...

Updated 18 Sep, 2021 01:07am

Markets

Gold resumes retreat on dollar strength with all eyes on Fed

Gold's slight rebound on Friday from a sharp selloff in the previous session lost steam as the dollar gained, ...

Published 17 Sep, 2021 11:23pm

Business & Finance

UAE central bank working to replace interbank rates

DUBAI: The United Arab Emirates central bank is studying ways to replace the local interbank rate, three sources...

Published 17 Sep, 2021 03:52am

Markets

Copper drifts lower as focus turns to US Fed meeting

LONDON: Copper prices eased on Thursday as the market’s focus turned to next week’s U.S. Federal Reserve meeting...

Published 17 Sep, 2021 03:52am

Markets

Gold slips off $1,800 pivot, investors seek direction from Fed

Gold retreated below the key $1,800 level on Wednesday, hit by a bout of technical selling after it failed to hold...

Published 15 Sep, 2021 11:58pm

Markets

U.S. yields dip with eyes on inflation data

NEW YORK: U.S. government bond yields dipped on Monday as traders look ahead to data on Tuesday that is expected to...

Published 14 Sep, 2021 12:54am

Markets

Gold gains as dollar slips, brighter U.S. jobs data checks gains

Gold firmed on Thursday, lifted by a slight retreat in the dollar, but renewed bets that the U.S. Federal Reserve ...

Published 09 Sep, 2021 11:37pm

Markets

Gold hastens retreat as dollar gains upper hand

Gold retreated over 1.5pc on Tuesday and is on course for its biggest intraday drop in a month, as a buoyant dollar...

Published 08 Sep, 2021 12:59am

Business & Finance

Dubai's Meraas plans refinancing of $600m Islamic bonds

DUBAI: Dubai's Meraas Holding, a state-linked property developer, plans to tender its existing US dollar-denominated...

Published 01 Sep, 2021 03:59am

Business & Finance

Indian growth jumps in April-June

NEW DELHI: India's economy rebounded in the April-June quarter even while a devastating second wave of COVID-19 ...

Published 01 Sep, 2021 03:59am

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

Markets

Oil posts biggest weekly gains in over a year ahead of Hurricane Ida

Brent futures rose $1.63, or 2.3pc, to settle at $72.70 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.32, or 2.0pc, to settle at $68.74

Published 28 Aug, 2021 02:06am

Markets

S&P 500, Nasdaq nab all-time closing highs as Powell soothes taper fears

"I see two things happening," said Mike Zigmont, head of research and trading at Harvest Volatility Management in New York. "I see a reflexive dip-buying validation and I see the market embracing a dovish Fed"

Published 28 Aug, 2021 02:01am

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Jun 8 Security Investment Bank Limited(SIBL)	5.03 ▲ 1.00 (24.81%)
Zephyr Textile / Jun 8 Zephyr Textiles Limited(ZTL)	9.98 ▲ 0.98 (10.89%)
Haseeb Waqas / Jun 8 Haseeb Waqas Sugar Mills Limited(HWQS)	5.50 ▲ 0.53 (10.66%)
Hussain Industries / Jun 8 Husein Industries Limited(HUSI)	12.55 ▲ 1.00 (8.66%)
Kohinoor Mills / Jun 8 Kohinoor Mills Limited(KML)	52.68 ▲ 3.68 (7.51%)
Colgate Palm / Jun 8 Colgate-Palmolive (Pakistan) Limited(COLG)	1801.55 ▲ 125.69 (7.50%)
Gatron Ind. / Jun 8 Gatron (Industries) Limited(GATI)	281.39 ▲ 19.63 (7.50%)
Khyber Tobacco / Jun 8 Khyber Tobacco Company Limited(KHTC)	489.02 ▲ 34.12 (7.50%)
Sunrays Textile / Jun 8 Sunrays Textile Mills Limited(SUTM)	123.63 ▲ 8.63 (7.50%)
Bunnys Limited / Jun 8 Bunnys Limited(BNL)	16.23 ▲ 1.13 (7.48%)

Stock	Price
Century Paper / Jun 8 Century Paper & Board Mills Limited(CEPB)	30.86 ▼ -24.67 (-44.43%)
Mod. Al-Mali (R) / Jun 8 Modaraba Al-Mali R(MODAMR1)	0.47 ▼ -0.13 (-21.67%)
Sindh Modaraba / Jun 8 Sindh Modaraba(SINDM)	7.20 ▼ -1.00 (-12.20%)
Pak Gulf Leasing / Jun 8 Pak-Gulf Leasing Company Limited(PGLC)	6.55 ▼ -0.84 (-11.37%)
PICIC Ins.Ltd. / Jun 8 PICIC Insurance Limited(PIL)	0.59 ▼ -0.06 (-9.23%)
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	3.53 ▼ -0.35 (-9.02%)
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	5.65 ▼ -0.55 (-8.87%)
JDW Sugar / Jun 8 JDW Sugar Mills Limited(JDWS)	370 ▼ -34.00 (-8.42%)
Bilal Fibres / Jun 8 Bilal Fibres Limited(BILF)	2.25 ▼ -0.19 (-7.79%)
Pak Leather / Jun 8 Pak Leather Crafts Limited(PAKL)	13.18 ▼ -1.07 (-7.51%)

Stock	Volume
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	79,599,537 ▼ -0.04
Unity Foods Ltd / Jun 8 Unity Foods Limited(UNITY)	28,717,723 ▲ 0.73
Telecard Limited / Jun 8 Telecard Limited(TELE)	16,584,665 ▼ -0.31
Pak Int.Bulk / Jun 8 Pakistan International Bulk Terminal(PIBTL)	15,416,500 ▼ -0.18
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	15,277,141 ▼ -0.20
Pak Refinery / Jun 8 Pakistan Refinery Limited(PRL)	11,614,238 ▼ -0.31
Bankislami Pak. / Jun 8 BankIslami Pakistan Limited(BIPL)	11,156,759 ▼ -0.48
TRG Pak Ltd / Jun 8 TRG Pakistan Limited(TRG)	9,934,796 ▼ -4.26
Fauji Foods Ltd / Jun 8 Fauji Foods Limited(FFL)	9,822,229 ▼ -0.11
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	8,850,000 ▼ -0.35

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	287.32
USD PKR Interbank Buying / Jun 8	287.12
USD to Japanese Yen / Jun 8	139.76
USD to Swiss Franc / Jun 8	0.91
Pound Sterling to USD / Jun 8	1.24
Euro to USD / Jun 8	1.07
UK LIBOR % / Jun 7	5.07

Stock	Volume
S&P 500 / Jun 7	4267.52
Nasdaq / Jun 7	13104.89
Dow Jones / Jun 7	33665.02
India Sensex / Jun 8	63203.02
Tokyo Nikkei / Jun 8	31605.11
Hang Seng / Jun 8	19177.52
FTSE 100 / Jun 8	7612.23
Germany DAX 30 / Jun 8	15994.38
France CAC40 / Jun 8	7222.68

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	20235
Gold 10 Grams PKR / Jun 7	194873
Crude Oil USD/Barrel / Jun 8	72.32
Gold Spot USD/Ounce / Jun 8	1946.62
Cotton US¢/pound / Jun 8	81.37

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