Topic

US Fed interest rate hikes

Divided Fed expected to rally around a US interest rate pause

Updated 12 Jun, 2023 08:40am

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

Recession-wary investors pour $9.1bn into hedge funds in first quarter

Published 22 Apr, 2023 03:38am

BOSTON: Hedge funds pulled in $9.1 billion in new money during the first three months of 2023, data showed on ...

Sharp drop in equity premium may mark return of 60/40 portfolio

Published 04 Mar, 2023 06:39am

The reward for holding US stocks over Treasury bonds has not been this unattractive since 2004, possibly setting the...

Wall Street edges higher after last week’s rout

Published 28 Feb, 2023 07:17am

NEW YORK: US stocks rose on Monday as investors hunted for bargains after the main benchmarks logged their biggest...

Oil slips 1pc on worries about more US interest rate hikes

Published 28 Feb, 2023 07:13am

NEW YORK: Oil prices slid about 1% on Monday as strong US economic data had investors bracing for more interest rate...

Fed’s preferred inflation gauge up

Published 25 Feb, 2023 06:42am

WASHINGTON: A key indicator of US inflation rose in January, according to government data released Friday, while...

Asian markets mixed in holiday-hit trade

Published 23 Jan, 2023 12:16pm

HONG KONG: Asian markets were mixed in holiday-thinned trade Monday, while the dollar dropped as investors lowered...

Gold eases as dollar ticks up

Published 23 Jan, 2023 08:07am

NEW YORK: Gold prices edged lower on Friday as the dollar firmed, although hopes of slower rate hikes from the US...

Fed’s balance sheet drawdown could sunset next year

Published 23 Dec, 2022 06:14am

The Federal Reserve’s ongoing efforts to shrink its balance sheet may end earlier than once thought, even as the ...

Nasdaq dives on Fed rate hike worries, rout in chipmakers

Published 23 Dec, 2022 05:54am

NEW YORK: The Nasdaq index tumbled nearly 3% on Thursday after a fresh batch of data showing a resilient economy...

Dollar edges higher as US data lends support

Published 23 Dec, 2022 05:54am

NEW YORK: The US dollar edged higher against most major peers on Thursday after US data pointed to labor market...

Wall Street gains on strong Nike earnings

Published 22 Dec, 2022 07:04am

NEW YORK: Wall Street’s main stock indexes rose on Wednesday after Nike reported upbeat results, while investors...

Fed could push rates higher, keep them there longer, policymakers say

Published 19 Dec, 2022 07:32am

NEW YORK/SAN FRANCISCO: Federal Reserve policymakers may need to lift US borrowing costs above the peak 5.1% they...

Oil rises as OPEC+ focus on supply cuts outweighs recession concerns

Updated 23 Nov, 2022 09:30am

LONDON: Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take...

Fed set for further steep rate hike as recession fears loom

Updated 31 Oct, 2022 10:27am

WASHINGTON: The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week...

Wall Street Week Ahead: Megacap earnings to test fledgling US stock rebound

Published 24 Oct, 2022 06:59am

NEW YORK: Earnings reports from the four biggest US companies by market capitalization in the coming week may test a...

Wall Street ends higher as hopes for less aggressive Fed grow

Published 24 Oct, 2022 06:56am

NEW YORK: US stocks surged to close out the trading week on Friday after a report said the US Federal Reserve will...

Aluminium falls to 18-month low

Published 22 Sep, 2022 06:57am

LONDON: Aluminium prices fell on Wednesday to their lowest since March 2021 as markets braced for another hefty US...

Gold recovers

Published 22 Sep, 2022 06:56am

NEW YORK: Gold rose on Wednesday as Russian President Vladimir Putin’s move to mobilize more troops over the...

China’s blue-chip stocks hit 4-month low

Published 22 Sep, 2022 06:43am

SHANGHAI: China’s blue-chip stocks on Wednesday closed at their lowest in more than four months, as global peers...

Dollar soars to 2-decade high

Published 22 Sep, 2022 06:38am

NEW YORK: The dollar surged to a new two-decade high on Wednesday just ahead of another expected aggressive Federal...

Oil steady ahead of US Fed interest rate decision

Published 22 Sep, 2022 06:36am

NEW YORK: Oil prices were steady in volatile trade on Wednesday as the market waited for direction from the US...

Wall Street returns to positive stance after brief post-Fed wobble

Published 22 Sep, 2022 06:34am

WASHINGTON: Wall Street’s main indexes returned to positive territory in mid-afternoon trading on Wednesday after ...

Fed chair admits recession a ‘possibility’ after rate hikes

Published 24 Jun, 2022 06:15am

WASHINGTON: The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation ...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
Dow Jones / Jun 3	50,687.07
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79
FTSE 100 / Jun 4	10,349.70
Germany DAX 30 / Jun 4	24,899.30
France CAC40 / Jun 4	8,185.81

Item	Value
Gold 10 Grams PKR / Jun 3	401,030
Petrol/Litre / Jun 4	381.78
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Diesel/Litre / Jun 4	380.78
Cotton US¢/pound / Jun 4	80.34

Gainers
Losers
Leaders

Stock	Price
First Dawood Prop. / Jun 4 First Dawood Properties Limited(FDPL)	5.23 ▲ 0.66 (14.44%)
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Paramount Spinning / Jun 4 Paramount Spinning Mills Limited(PASM)	7.55 ▲ 0.84 (12.52%)
Escorts Bank / Jun 4 Escorts Investment Bank Limited(ESBL)	13.59 ▲ 1.24 (10.04%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Ansari Sug. / Jun 4 Ansari Sugar Mills Limited(ANSM)	15.72 ▲ 1.43 (10.01%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	79.73 ▲ 7.25 (10%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	90.73 ▲ 8.25 (10%)
Pak Qatar Gen.Takaful / Jun 4 Pak Qatar General Takaful Limited(PQGTL)	15.18 ▲ 1.38 (10%)
Pak Synthetics / Jun 4 Pakistan Synthetics Limited(PSYL)	127.36 ▲ 11.58 (10%)

Stock	Price
LSE Financial Serv. / Jun 4 LSE Financial Services Limited(LSEFSL)	21.50 ▼ -1.99 (-8.47%)
Ghazi Fabrics / Jun 4 Ghazi Fabrics International Limited(GFIL)	32 ▼ -2.25 (-6.57%)
Crescent Fib. / Jun 4 Crescent Fibres Limited(CFL)	56.10 ▼ -3.89 (-6.48%)
Popular Islamic / Jun 4 Popular Islamic Modaraba(PIM)	22.11 ▼ -1.46 (-6.19%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28.06 ▼ -1.72 (-5.78%)
Frontier Ceramics / Jun 4 Frontier Ceramics Limited(FRCL)	75 ▼ -4.17 (-5.27%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.43 ▼ -2.45 (-4.91%)
Premier Sugar / Jun 4 The Premier Sugar Mills(PMRS)	423 ▼ -20.79 (-4.68%)
Security Investment Bank / Jun 4 Security Investment Bank Limited(SIBL)	7.15 ▼ -0.34 (-4.54%)
Tandlianwala Sugar / Jun 4 Tandlianwala Sugar Mills Limited(TSML)	391 ▼ -18.48 (-4.51%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	88,822,351 ▲ 0.29
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	27,293,915 ▲ 0.8
Hascol Petrol / Jun 4 Hascol Petroleum Limited(HASCOL)	23,011,658 ▲ 1.12
Kohinoor Spinning / Jun 4 Kohinoor Spinning Mills Limited(KOSM)	18,307,454 ▼ -0.12
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	17,093,382 ▲ 1.7
Wasl Mobility Mod. / Jun 4 Wasl Mobility Modaraba(WASL)	14,556,960 ▲ 0.31
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	14,276,062 ▲ 2.31
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	13,894,575 ▲ 0.41
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	13,314,715 ▲ 0.42
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	13,156,046 ▲ 0.04

US Fed interest rate hikes

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