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US Federal Reserve

Oil slips for third session on likely ‘higher for longer’ US rates

SINGAPORE: Oil prices fell for a third straight session on Wednesday on expectations the Federal Reserve might keep...

Published 22 May, 2024 09:52am

Markets

Most Gulf markets dip as oil prices tumble

DUBAI: Most stock markets in the Gulf ended lower on Tuesday as oil prices fell on expectations that lingering US...

Published 22 May, 2024 05:54am

Business & Finance

Progress in US inflation fight ‘has likely resumed’: Fed official

WASHINGTON: Progress in the US Federal Reserve’s fight against inflation “likely resumed” last month, a senior bank...

Published 21 May, 2024 06:32pm

Markets

Oil falls 1% as sticky US inflation weighs on demand at the pump

HOUSTON: Oil prices fell more than 1% on Tuesday as lingering U.S. inflation was poised to keep interest rates...

Updated 21 May, 2024 09:30pm

Business & Finance

US inflation fight will take ‘further time’: senior Fed official

WASHINGTON: The US Federal Reserve should keep interest rates at their current elevated levels for longer than...

Published 20 May, 2024 08:28pm

Business & Finance

Fed gets some good news on inflation progress

Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some...

Published 15 May, 2024 08:53pm

Markets

Euro zone bond yields lower before US CPI hurdle

LONDON: Germany’s 10-year bund yield was slightly lower on Wednesday but remained above 2.5% before key US consumer...

Published 15 May, 2024 12:27pm

Business & Finance

US Fed’s Powell expects inflation to fall, though not as confident as before

AMSTERDAM: Federal Reserve Chair Jerome Powell said on Tuesday he expects U.S. inflation to resume declining through...

Published 14 May, 2024 08:48pm

Business & Finance

US Fed vice chair says interest rates should remain on pause

WASHINGTON: The US central bank should keep interest rates at their current “restrictive” levels until it sees real...

Published 13 May, 2024 07:29pm

Markets

Oil slips on prospect of higher-for-longer US rates

NEW YORK: Oil prices fell by nearly $1 a barrel on Friday as comments from US central bank officials indicated...

Published 12 May, 2024 03:09am

Markets

Gold extends gains

BENGALURU: Gold prices climbed on Friday, en route to their best week in five, with zero-yield bullion building on...

Published 12 May, 2024 03:09am

Markets

STOXX 600 closes at record high on earnings, rate cut optimism

PARIS: Europe’s main stock index closed at a record high on Friday, on track for its biggest weekly gain since ...

Published 11 May, 2024 06:22am

Business & Finance

Asian currencies tepid, ringgit flat

BENGALURU: Most Asian currencies were heading for weekly declines on Friday, although largely unchanged, while ...

Published 11 May, 2024 06:22am

Markets

Gold set for weekly gain on US rate-cut hopes

Gold prices ticked up on Friday and were on track for a weekly gain, as recent economic data prompted traders to...

Published 10 May, 2024 10:30am

Markets

Copper retreats on rate cut uncertainty

LONDON: Copper prices retreated on Thursday on a potential delay in US interest rate cuts ahead of key inflation ...

Published 10 May, 2024 04:17am

Markets

Rupee records marginal decline against US dollar

Currency settles at 278.2 against the greenback in inter-bank market

Updated 09 May, 2024 09:29pm

Markets

Oil holds near one-week high on rising demand hopes after China, US data

NEW YORK: Oil prices held near a one-week high on Thursday as data from China and the U.S. that signalled demand in...

Updated 09 May, 2024 11:12pm

Business & Finance

Dollar gains on rate outlook

NEW YORK: The dollar gained on Wednesday as investors continued to bet on the US economy outperforming peers and was...

Published 09 May, 2024 03:11am

Markets

Gold gains on soft dollar, rate cut hopes

NEW YORK: Gold prices climbed more than 1 percent on Monday, as the US dollar weakened after softer-than-expected US...

Published 07 May, 2024 07:38am

Markets

Major Gulf bourses mixed in early trade

Major stock markets in the Gulf were mixed in early trade on Monday, amid higher oil prices and rising hopes for an...

Published 06 May, 2024 02:45pm

Markets

Dollar steady after soft US jobs report; yen starts week on back foot

SINGAPORE: The dollar was broadly steady on Monday as a soft US jobs report boosted wagers that the Federal Reserve...

Published 06 May, 2024 10:09am

Markets

Gulf markets end mixed; Qatar hits six-month low

DUBAI: Stock markets in the Gulf put in a mixed performance while the Qatari index hit a six-month low on Thursday...

Published 03 May, 2024 06:29am

Business & Finance

Yen slightly higher after suspected intervention

NEW YORK: The yen was slightly stronger on the day on Thursday after a sudden rally late on Wednesday that traders ...

Published 03 May, 2024 06:29am

Markets

Indian shares likely to open higher after Fed’s status quo, oil price fall

BENGALURU: Indian shares are set to open higher on Thursday, after the US Federal Reserve kept interest rates...

Published 02 May, 2024 10:06am

Markets

Japan’s Nikkei squeezes out modest gains as yen, Wall Street weigh

TOKYO: Japan’s Nikkei share average eked out meagre gains on Thursday, with the yen’s sudden appreciation and a...

Published 02 May, 2024 10:00am

Markets

Australian shares rangebound after Fed warns of rate cut delays; Woolworths slumps

Australian stocks traded in a tight range on Thursday after the US Federal Reserve warned of delays to interest rate...

Published 02 May, 2024 09:58am

Markets

Gold near four-week low, eyes on Fed

BENGALURU: Gold prices held near a four-week low on Wednesday ahead of a US Federal Reserve policy decision that...

Published 02 May, 2024 04:58am

Business & Finance

US Fed likely to keep rates steady as hopes of early cuts fade

WASHINGTON: The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday,...

Updated 01 May, 2024 07:51pm

Markets

Japan’s Nikkei tracks Wall Street higher; Fed policy meeting in focus

TOKYO: Japan’s Nikkei share average traded higher on Tuesday, tracking an overnight strong finish on Wall Street,...

Published 30 Apr, 2024 10:38am

Business & Finance

Japanese yen surges against dollar

NEW YORK: Japan’s currency surged as much as 5 yen against the dollar from a fresh 34-year low hit earlier on...

Published 30 Apr, 2024 03:43am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.32
USD to Swiss Franc / May 22	0.91
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.09

Stock	Volume
S&P 500 / May 21	5321.41
Nasdaq / May 21	16832.63
FTSE 100 / May 21	8416.45
Dow Jones / May 21	39872.99
Germany DAX 30 / May 21	18726.76
France CAC40 / May 21	8141.46
India Sensex / May 22	74007.26
Tokyo Nikkei / May 22	38615.77

Item	Value
Gold 10 Grams PKR / May 21	213048
Petrol/Litre / May 22	273.10
Crude Oil USD/Barrel / May 22	79.26
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold Spot USD/Ounce / May 22	2413.48
Diesel/Litre / May 22	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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