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China stocks surge

SHANGHAI: China stocks rose on Thursday, driven by gains in consumer and healthcare firms, after the US Federal...

Published 19 Mar, 2021 05:32am

Markets

European stocks climb, German DAX at record high

ROTTERDAM/LONDON: Automakers lifted the German DAX to a record high on Thursday, while broader European stocks ...

Published 19 Mar, 2021 05:32am

Opinion

Market feels like ‘coiled spring’ after Fed

Investors are closely watching how fast US Treasury yields may rise after a key US Federal Reserve meeting where the...

Published 19 Mar, 2021 05:32am

Markets

Bonds crash stock market rally

Wall Street rallied on the news, with the Dow ending above 33,000 points for the first time, while the S&P 500 also chalked up a record.

Published 18 Mar, 2021 08:08pm

Business & Finance

South Africa's central bank to hold repo at record low through 2021

The economy contracted 7.0% last year despite the Reserve Bank cutting interest rates by a cumulative 300 basis points to counteract the damage caused by pandemic-led lockdowns.
All but one economist out of 25 polled in the past week said the Reserve Bank would hold interest rates at 3.5%. The lone voice predicted a 25 basis points cut next week.

Published 18 Mar, 2021 06:06pm

Markets

Zloty falls on uncertainty around FX mortgages; Czech stocks hit 13-month high

"There are some worries that this decision will not be in favour of banks and so maybe they will have to change their reserves into Swiss francs," a trader in Warsaw said.
The Polish zloty slid 0.37%, underperforming its peers and trading at 4.624 versus the common currency.

Published 18 Mar, 2021 05:25pm

Markets

Gold gains after Fed maintains easy monetary policy stance

Asian stocks were set for modest gains.

Published 18 Mar, 2021 11:07am

Markets

Tokyo stocks open higher on US rallies helped by Fed

In Tokyo, Panasonic was trading up 1.12 percent at 1,395 yen after it said it will sell all the shares of its European disposable battery units to German asset management group Aurelius.

Published 18 Mar, 2021 10:14am

Markets

Most of Gulf markets fall in line with global shares

DUBAI: Most Gulf markets ended lower on Wednesday, mirroring global stocks as investors waited to see if the US...

Published 18 Mar, 2021 03:56am

Markets

European shares slip; BMW jumps

MILAN/ROTTERDAM: European stocks ticked lower on Wednesday as most investors stayed on the sidelines ahead of the US...

Published 18 Mar, 2021 03:56am

Markets

Japan shares edge up in cautious trade as central bank meetings loom

Tokyo Electric Power fell 8.88% after Japan's atomic regulator found safety breaches at the company's Kashiwazaki Kariwa station.

Published 17 Mar, 2021 02:11pm

Markets

Japan stocks end flat as investors await Fed, BOJ verdicts

The stocks that gained the most among the top 30 core Topix names were Takeda Pharmaceutical Co Ltd up 2.53%, followed by Daiichi Sankyo Co Ltd gaining 1.78%.

Published 17 Mar, 2021 12:18pm

Markets

South African rand flat, retail sales data in focus

Later in the session, market attention will turn to the US Federal Reserve, whose two-day policy meeting is due to end on Wednesday.

Published 17 Mar, 2021 12:16pm

Markets

European stocks rise

ROTTERDAM/LONDON: European stocks rose on Tuesday as German carmaker Volkswagen and online fashion retailer Zalando...

Published 17 Mar, 2021 04:45am

Markets

Most Gulf markets up; Egypt’s shares ease

DUBAI: Most Gulf markets ended higher on Tuesday, tracking global shares, as investors anticipated the US Federal...

Published 17 Mar, 2021 04:45am

Business & Finance

Dollar slips in Europe

LONDON: The dollar slipped slightly on Tuesday, but currency markets generally lacked direction as market...

Updated 17 Mar, 2021 09:42am

Markets

Dollar slips, lacking direction before Fed meeting

The dollar index held steady overnight then rose as European markets opened, before slipping to 91.807 at 1237 GMT, down by less than 0.1%.
Markets are in this flux period where they're gripping on to marginal bits of information, but there's nothing to define a new broad dollar trend until we get some more colour from the Federal Reserve tomorrow.

Published 16 Mar, 2021 08:09pm

Markets

Yuan inches higher, investors eye on Fed outcome

But the bank maintained their forecast for the yuan to trade at 6.3 by end-June, before reversing to 6.45 by end-2021.

Published 16 Mar, 2021 10:46am

Markets

Copper gains in thin volume, aluminium jumps

LONDON: Copper prices gained on Monday after stronger-than-expected industrial growth in top metals consumer China,...

Published 16 Mar, 2021 04:43am

Markets

Gold sheds gains on hopes of swift recovery after China data

Investors are now awaiting the US Federal Reserve meeting this week for direction on monetary policy.

Published 15 Mar, 2021 11:00am

Markets

Tokyo stocks close higher with eyes on central banks

Among major shares in Tokyo, shipping firm Nippon Yusen surged 7.30 percent to 3,380 yen and its rival Mitsui O.S.K. lines climbed 7.45 percent to 3,605 yen.

Published 11 Mar, 2021 12:24pm

Markets

New era of volatility begins, but equity inflows continue: BofA

LONDON: Investors poured billions of dollars into high-flying stocks even as the ongoing bond market rout led to...

Published 08 Mar, 2021 05:45am

Markets

Gold holds near 9-month low in Europe

MILAN/LONDON: Gold fell to its lowest in nine months on Friday after better-than-expected US employment data...

Published 06 Mar, 2021 05:01am

Business & Finance

Central, eastern currencies fall to weakest levels this year

WARSAW/BUDAPEST: Central and eastern European currencies fell to their weakest levels so far this year on Friday, as...

Published 06 Mar, 2021 05:01am

Markets

Sterling weakens against resurgent dollar

US Federal Reserve Chair Jerome Powell failed to soothe investor concerns about a recent surge in borrowing costs as he spoke at a Wall Street Journal forum on Thursday, pushing the safe-haven dollar higher.
Sterling fell to a three-week low against the dollar, briefly dropping below $1.38. It was last down 0.6% at $1.3810.

Published 05 Mar, 2021 09:49pm

Markets

Nickel collapse triggers slide across industrial metals

LONDON: Industrial metals fell on Thursday as a collapse in nickel prices and a jittery mood among investors on ...

Published 05 Mar, 2021 05:17am

Markets

South Africa's rand edges up, focus on Powell's speech

With a light local data calendar this week, the rand's movements have been mainly driven by offshore events.
Policymakers are generally keeping to the sidelines but markets will be intrigued by comments from the Fed chairman at the WSJ webinar tonight.

Updated 04 Mar, 2021 09:53pm

Markets

Brazil's real up 1pc, Chilean peso lags as copper slips

Mexico's peso and the Colombian currency rose 0.4% and 0.8% respectively as oil prices trended higher ahead of an OPEC+ meeting that is expected to extend supply cuts.
Difficulties in dealing with the COVID-19 pandemic also weigh. Majority strategists polled see the peso at 19.97 per US dollar in one year's time.

Updated 04 Mar, 2021 09:51pm

Markets

Indian shares slump ahead of GDP data; HDFC Bank top drag

In Mumbai, a two-session rally in financial stocks was set to end, with the Nifty private bank index and the Nifty PSU bank index falling 2.9% and 2.5%, respectively.

Published 26 Feb, 2021 12:28pm

Markets

European shares jump

ROTTERDAM: European shares rose on Thursday, led by sectors expected to benefit from a broader economic recovery, as...

Published 26 Feb, 2021 05:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

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

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

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

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