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 / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
FTSE 100 / Jul 20	10,524.76
Dow Jones / Jul 20	51,839.26
Germany DAX 30 / Jul 20	24,846.69
France CAC40 / Jul 20	8,340.11
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)
Leather Up Ltd. / Jul 21 Leather Up Limited(LEUL)	50.58 ▲ 4.6 (10%)
National Silk / Jul 21 The National Silk & Rayon Mills Limited(NSRM)	329.37 ▲ 29.94 (10%)
Suhail Jute / Jul 21 Suhail Jute Mills Limited(SUHJ)	270.97 ▲ 24.63 (10%)
Reliance Weaving / Jul 21 Reliance Weaving Mills Limited(REWM)	194.02 ▲ 17.64 (10%)

Stock	Price
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.50 ▼ -8.33 (-9.48%)
Sana Ind / Jul 21 Sana Industries Limited(SNAI)	36.10 ▼ -2.69 (-6.93%)
Maqbool Textile / Jul 21 Maqbool Textile Mills Limited(MQTM)	31.30 ▼ -2.13 (-6.37%)
D.M. Corporation / Jul 21 D.M. Corporation Limited(DMC)	185.26 ▼ -12.27 (-6.21%)
Aisha Steel(ConPS) / Jul 21 Aisha Steel(ConPS)(ASLPS)	21.02 ▼ -1.27 (-5.7%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	23.83 ▼ -1.28 (-5.1%)
Arpak Int. / Jul 21 Arpak International Investments Ltd.(ARPAK)	133.01 ▼ -6.92 (-4.95%)
Quetta Textile / Jul 21 Quetta Textile Mills Limited(QUET)	16.29 ▼ -0.79 (-4.63%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	65,512,634 ▲ 0.27
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	27,397,511 ▲ 0.2
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	22,993,128 ▲ 0.48
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	15,551,065 ▲ 2.91
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	13,018,962 ▲ 0.81
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	7,844,038 ▲ 0.02
United Insurance / Jul 21 The United Insurance Company(UNIC)	6,350,631 ▼ -0.34
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	6,331,562 ▲ 0.14
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	5,575,250 ▼ -8.33
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	4,930,382 ▲ 0.04

US Fed interest rate hikes

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