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US Fed

Wall St pares gains as rate-cut cheer ebbs after latest Fed comments

NEW YORK: Wall Street’s three main indexes were muted at mid-day after a strong start on Wednesday, following...

Published 30 Nov, 2023 04:53am

Markets

Wall St regains ground on megacap boost

NEW YORK: Wall Street’s main indexes climbed on Tuesday following a choppy start to the session as falling US...

Published 08 Nov, 2023 05:42am

Business & Finance

Tighter credit, lending conditions build case for Fed policy hold

WASHINGTON: US Federal Reserve officials will likely leave their policy rate on hold at this week’s meeting thanks...

Published 30 Oct, 2023 05:24am

Business & Finance

Latam FX, stocks advance after US inflation data

BENGALURU: Most Latin American currencies and stocks advanced on Friday after data in the United States reflected a...

Published 30 Oct, 2023 05:24am

Opinion

Bond vigilantes and inversion anxiety

One of Wall Street’s enduring lessons, “inverted yield curves don’t always predict recessions, but all...

Updated 05 Oct, 2023 06:45am

Markets

S&P, Dow rise as yields slip ahead of Fed verdict

NEW YORK: The S&P 500 and the Dow gained on Wednesday as Treasury yields pulled back ahead of a likely pause in...

Published 21 Sep, 2023 06:08am

Business & Finance

US banks hold $3.3 trillion cash amid banking crisis, slowdown worries

NEW YORK/SAN FRANCISCO: US lenders are holding onto large piles of cash as insurance against a slowing economy,...

Published 11 Sep, 2023 06:32am

Markets

Gold slips as US dollar, Treasury yields tick higher

NEW YORK: Gold prices fell 1% on Tuesday, weighed down by a stronger dollar and an uptick in bond yields, while...

Published 02 Aug, 2023 06:47am

Business & Finance

UBS fined $387m over Credit Suisse misconduct: US Fed

WASHINGTON: The Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently-acquired...

Published 31 Jul, 2023 06:43am

Fed officials spar over banking reform in rare open meeting

WASHINGTON: Members of the US Federal Reserve’s governing body voiced disagreements over proposed changes to...

Updated 29 Jul, 2023 09:33am

Markets

US Federal Reserve likely to lift interest rates to 22-year high

WASHINGTON: The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark...

Updated 26 Jul, 2023 12:51pm

Markets

Oil prices rise as tight supply counters expected rate hikes

LONDON: Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well...

Updated 24 Jul, 2023 05:46pm

Markets

Gold slips as dollar firms, focus on US Fed

NEW YORK: Gold fell on Friday, moving further away from a two-month peak hit in the last session, due to a stronger...

Published 24 Jul, 2023 06:11am

Editorials

Caution from Basle

EDITORIAL: The Bank for International Settlements (BIS), the global umbrella body for central banks, sure poured ...

Updated 08 Jul, 2023 06:58am

Business & Finance

BofA asks Fed to clarify stress test results

NEW YORK: Bank of America Corp (BofA) said on Monday it had begun a dialogue with the Federal Reserve to understand...

Published 04 Jul, 2023 05:07am

Markets

Copper heads for weekly drop on hawkish rate hikes

LONDON: Copper prices were heading for a weekly drop on Friday after three weeks of gains as concerns over global...

Published 26 Jun, 2023 06:38am

Markets

Gold on track for worst week since Feb on hawkish Fed

NEW YORK: Gold prices on Friday were heading for their biggest weekly percentage fall in over four months, weighed ...

Published 26 Jun, 2023 06:38am

Business & Finance

Senior Fed official calls for ‘impartial’ review into bank failures

WASHINGTON: A senior Federal Reserve official has criticized proposals to increase bank capital requirements and...

Published 26 Jun, 2023 06:38am

Business & Finance

Fed leaves rates steady, sees two small hikes by end of 2023

WASHINGTON: The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections...

Published 15 Jun, 2023 06:03am

Divided Fed expected to rally around a US interest rate pause

WASHINGTON: The US Federal Reserve is widely expected to pause its campaign of interest rate increases on Wednesday...

Updated 12 Jun, 2023 08:40am

Markets

European shares slip as cenbank meetings loom

PARIS: European shares slipped on Friday, rounding off a lacklustre week that saw investors step to the sidelines...

Published 12 Jun, 2023 06:26am

Markets

US stocks end a tad higher as Tesla rallies

NEW YORK: The S&P 500 closed higher on Friday but off session highs, as a Tesla rally failed to galvanize the...

Published 12 Jun, 2023 06:26am

Business & Finance

Yellen says more US bank consolidation is possible

WASHINGTON: US Treasury Secretary Janet Yellen said Wednesday it would not be surprising to see further ...

Published 12 Jun, 2023 06:26am

Business & Finance

Dollar gains before Fed meeting, inflation data

NEW YORK: The dollar bounced off two-week lows on Friday as investors awaited inflation data and the Federal...

Published 12 Jun, 2023 06:26am

Markets

S&P 500, Nasdaq fall as tech shares give up gains

NEW YORK: S&P 500 and Nasdaq gave up early gains to drop on Wednesday as technology stocks reversed course, ...

Published 08 Jun, 2023 06:30am

Markets

Gold subdued with focus on US Fed meeting

BENGALURU: Gold prices inched lower on Wednesday due to a slight uptick in US bond yields, although bullion was ...

Published 08 Jun, 2023 06:30am

Business & Finance

OECD sees limited growth pick-up as rate hikes weigh

PARIS: Global economic growth will pick up only moderately over the next year as the full effects of central bank...

Published 08 Jun, 2023 06:30am

Business & Finance

Dollar dips as investors wait on inflation data

NEW YORK: The dollar fell against the euro and yen on Wednesday with no major catalysts to drive market direction as...

Published 08 Jun, 2023 06:30am

Business & Finance

Inflation fight risks central banks’ credibility and autonomy, BIS warns

LONDON: The credibility and independence of central banks around the world is at risk if stubbornly-high global...

Published 22 May, 2023 06:23am

World

Biden nominates Philip Jefferson to number 2 spot at the Fed

WASHINGTON: US President Joe Biden nominated Philip Jefferson to the number two job at the Federal Reserve Friday, a...

Published 13 May, 2023 05:59am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	6 ▲ 1.00 (20.00%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.28 ▲ 0.18 (16.36%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Power Cem(Pref) / Dec 11 Power Cement (Pref)(POWERPS)	9.35 ▲ 1.00 (11.98%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.66 ▲ 0.47 (11.22%)
Pace (Pak) Ltd. / Dec 11 Pace (Pakistan) Limited(PACE)	2.84 ▲ 0.28 (10.94%)
Treet Corp. (R) / Dec 11 Treet Corporation Limited (R)(TREETR2)	4.30 ▲ 0.38 (9.69%)
Tri-Star Mutual / Dec 11 Tri-Star Mutual Fund Limited(TSMF)	5.48 ▲ 0.42 (8.30%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.11 ▲ 0.31 (8.16%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	1.80 ▼ -0.20 (-10.00%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.30 ▼ -0.50 (-7.35%)
MithchellsFruit / Dec 11 Mitchells Fruit Farms Limited(MFFL)	186.90 ▼ -13.87 (-6.91%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	47.05 ▼ -3.37 (-6.68%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.11
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.04
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.49
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.47
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	56,109,500 ▲ 0.61
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.11
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.16
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	44,882,500 ▲ 0.56
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	39,236,493 ▼ -1.34
Telecard Limited / Dec 11 Telecard Limited(TELE)	33,944,094 ▲ 0.44

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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