Trends - Wall Street - Business Recorder

Wall Street

US stocks mostly higher on progress of stimulus package

The broad-based S&P 500 advanced 0.2 percent to 3,850.57, while the tech-rich Nasdaq Composite Index fell 0.3 percent to 12,883.11.

Published 08 Mar, 2021 08:46pm

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

Hong Kong removed from economic freedom ranking

HONG KONG: Hong Kong has been removed from an annual index of the world's freest economies because the think-tank...

Published 05 Mar, 2021 05:17am

Markets

Wall St set for higher open on J&J vaccine cheer, stimulus optimism

US bond market rout eases.
J&J's COVID-19 vaccine to be available in 1-2 days.
Cyclical energy, banks, materials stocks jump.
Indexes up: Dow 1.63%, S&P 1.49%, Nasdaq 1.47%.

Updated 01 Mar, 2021 08:01pm

Markets

Thursday’s early trade: Main indexes down as tech shares fall, bond yields rise

NEW YORK: Wall Street’s main indexes edged lower on Thursday as heavyweight technology-related stocks remained...

Published 26 Feb, 2021 05:20am

Markets

Slide in growth stocks pummel Nasdaq, Powell testimony underway

Fed's Powell says support for economy needed for "some time".
Growth stocks resume slide.
Tesla falls as bitcoin sell-off weighs.
Home Depot slips on unclear consumer spending outlook.
Indexes fall: Dow 0.58%, S&P 1.05%, Nasdaq 2.43%.

Published 23 Feb, 2021 09:26pm

Business & Finance

Monday’s early trade: Wall Street falls

NEW YORK: US stock indexes fell on Monday as climbing Treasury yields and prospects of rising inflation triggered...

Published 23 Feb, 2021 05:20am

Markets

Facebook shares slip following news blackout move in Australia

The move was in response to a planned Australian law that would require internet companies like Facebook and Google to reach commercial deals with news outlets.
Facebook has underlined to investors in recent years that it faces risks from moderation, copyright and commercial claims around the content users publish on the social network.

Published 18 Feb, 2021 05:31pm

Markets

Bitcoin blows by $50,000, Wall Street in record territory

Bitcoin surged to $50,547.70 in midday European trading as an increasing number of corporate heavyweights back the world's most popular virtual currency.

Published 16 Feb, 2021 09:18pm

Markets

Wall Street reaches all-time highs

NEW YORK: Wall Street reached all-time closing highs on Monday as investor optimism was stoked by prospects of a...

Published 10 Feb, 2021 04:12am

Business & Finance

Centene misses profit estimates on higher costs

Centene also forecast 2021 adjusted profit between $5 and $5.30 per share, compared with Wall Street estimates of $5.24.
Centene raised its full-year revenue forecast range to $116.1 billion to $118.1 billion, from $114.1 billion to $116.1 billion.

Updated 09 Feb, 2021 11:32pm

Markets

Monday’s early trade: US top indexes scale all-time highs

NEW YORK: Wall Street’s main indexes scaled all-time highs on Monday, as investors bets on hopes that a fiscal...

Published 09 Feb, 2021 04:43am

Markets

Wall Street at record highs on stimulus, vaccine optimism

The Congress on Friday approved a budget plan that would allow a coronavirus relief bill to muscle through in the coming weeks without Republican support.

Published 09 Feb, 2021 12:35am

Markets

Japanese shares rally

TOKYO: Japanese shares ended more than 1% higher on Friday, following Wall Street's rally overnight, driven by ...

Published 06 Feb, 2021 04:06am

Markets

European shares rise, Germany lags

MILAN/FRANKFURT: European stocks rose on Friday, tracking an upbeat sentiment from Wall Street on hopes of a faster...

Published 06 Feb, 2021 04:06am

Markets

Wall St extends recent gains amid upbeat earnings, economic data

Democrats in the U.S. Senate were poised on Thursday to take a first step toward the ultimate passage of President Joe Biden's $1.9 trillion COVID-19 relief proposal.

Published 05 Feb, 2021 12:56am

Markets

Alibaba plans up to $5bn US-dollar bond issuance -term sheet

The latest offering will have various maturities up to 40 years, the term sheet showed, adding it is expected to include a tranche of sustainability notes due in 2041.

Published 03 Feb, 2021 10:39am

World

Lithuania blocks Chinese airport screening equipment

VILNIUS: NATO member Lithuania has banned the use of airport security-screening equipment made by a Chinese company...

Published 30 Jan, 2021 03:55am

US ‘outraged’ at SC verdict

WASHINGTON: The White House said it was "outraged" Thursday after Pakistan's top court upheld the acquittal and...

Published 30 Jan, 2021 03:55am

Markets

South Korea, Indonesia down, set for sharp weekly losses as riskier bets ebb

US futures fell around 1% into Asia's afternoon trading hours.

Published 29 Jan, 2021 10:14am

Markets

Japanese shares climb

TOKYO: Japanese shares suffered their biggest drop in six months on Thursday, tracking Wall Street, weighed by...

Published 29 Jan, 2021 04:55am

Markets

Thursday’s early trade: Main indexes up on big-tech strength

NEW YORK: Wall Street’s main indexes rose on Thursday, as a reversal of declines in mega-cap technology stocks...

Published 29 Jan, 2021 04:55am

Markets

Major Gulf markets weaken; Saudi index gains

DUBAI: Major Gulf markets weakened on Thursday, tracking global shares, as a sudden sell-off on Wall Street and...

Published 29 Jan, 2021 04:55am

Markets

South Korea, China, Taiwan fall most after Wall Street sell-off

Worries around the pace of a global recovery have supported the dollar, which in the lead up to 2021 had been falling.

Published 28 Jan, 2021 11:29am

Markets

Australia shares set for worst day in nearly 5 months on recovery concerns

In New Zealand, the benchmark S&P/NZX 50 index dropped as much as 2.1% to 13,099.17, its biggest intraday drop since Dec. 18.

Published 28 Jan, 2021 10:18am

Markets

Tokyo stocks open down over two percent after US rout

Bio-tech firm JCR Pharmaceuticals rallied 5.9 percent to 2,904 yen after a report said it will produce undiluted Covid-19 vaccine developed by the British drug group AstraZeneca and Oxford University.

Published 28 Jan, 2021 09:56am

World

Saudi Arabia hosts ‘Davos in Desert’

RIYADH: Saudi Arabia opened a two-day Davos-style investment forum Wednesday, with dozens of global policy makers ...

Published 28 Jan, 2021 04:40am

Business & Finance

Abbott profit beats on strong demand for COVID-19 tests

With the COVID-19 pandemic showing little signs of slowing, companies such as Abbott have benefited from a quick roll out of test kits.
Sales at its diagnostics business soared nearly 110% to $4.35 billion in the fourth quarter, nearly half of which came from COVID-19 tests.

Updated 27 Jan, 2021 11:24pm

Business & Finance

Wall Street expects near-record iPhone sales despite delay, shut Apple stores

They have an extremely good understanding of what their refresh cycle looks like and when waves are possible and whey they are not.
A "super cycle" of booms in iPhone sales after several more modest years are not new to Apple - the company's previous high came after it announced the iPhone X.

Updated 27 Jan, 2021 11:23pm

Technology

Facebook investors, shrugging off election woes, look for 'social commerce' payday

The world's biggest social media company is poised to reap a windfall from that gambit.
Wall Street expects the company to report fourth-quarter sales up 25% to $26.4 billion.

Updated 27 Jan, 2021 11:23pm

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Jun 5 First Punjab Modaraba(FPJM)	1.41 ▲ 0.19 (15.57%)
Pak. P.V.C. / Jun 5 Pakistan PVC Limited(PPVC)	4.82 ▲ 0.61 (14.49%)
Hussain Industries / Jun 5 Husein Industries Limited(HUSI)	11.49 ▲ 0.99 (9.43%)
Gammon Pak / Jun 5 Gammon Pakistan Limited(GAMON)	5.30 ▲ 0.40 (8.16%)
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	9.66 ▲ 0.70 (7.81%)
HI-Tech Lub. / Jun 5 Hi-Tech Lubricants Limited(HTL)	23.47 ▲ 1.64 (7.51%)
Atlas Battery / Jun 5 Atlas Battery Limited(ATBA)	224.16 ▲ 15.64 (7.50%)
Century Paper / Jun 5 Century Paper & Board Mills Limited(CEPB)	55.60 ▲ 3.88 (7.50%)
Dawood Lawrencepur / Jun 5 Dawood Lawrencepur Limited(DLL)	258 ▲ 18.00 (7.50%)
Exide (PAK) / Jun 5 Exide Pakistan Limited(EXIDE)	274.59 ▲ 19.16 (7.50%)

Stock	Price
Unicap Modaraba / Jun 5 Unicap Modaraba(UCAPM)	1.70 ▼ -0.67 (-28.27%)
Pak Gulf Leasing / Jun 5 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -0.99 (-13.22%)
Mehran Sugar / Jun 5 Mehran Sugar Mills Limited(MRNS)	38 ▼ -5.00 (-11.63%)
Rafhan Maize / Jun 5 Rafhan Maize Products Company Limited(RMPL)	8332 ▼ -1059.00 (-11.28%)
Diamond Ind. / Jun 5 Diamond Industries Limited(DIIL)	30.62 ▼ -2.48 (-7.49%)
Gillette Pak / Jun 5 Gillette Pakistan Limited(GLPL)	109.08 ▼ -8.82 (-7.48%)
John&Philips / Jun 5 Johnson & Phillips (Pakistan) Limited(JOPP)	35.02 ▼ -2.83 (-7.48%)
Indus Dyeing / Jun 5 Indus Dyeing & Manufacturing Co. Limited(IDYM)	126 ▼ -9.06 (-6.71%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	3.13 ▼ -0.21 (-6.29%)
Reliance Ins. / Jun 5 Reliance Insurance Company Limited(RICL)	7.27 ▼ -0.48 (-6.19%)

Stock	Volume
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	16,776,521 ▼ -0.02
Pak Int.Bulk / Jun 5 Pakistan International Bulk Terminal(PIBTL)	10,345,500 ▲ 0.10
Sui North Gas / Jun 5 Sui Northern Gas Pipelines Limited(SNGP)	9,748,618 ▲ 2.54
Pak Petroleum / Jun 5 Pakistan Petroleum Limited(PPL)	9,220,831 ▲ 3.59
Oil & Gas Dev. / Jun 5 Oil & Gas Development Company Limited(OGDC)	8,432,214 ▲ 3.17
D.G.K.Cement / Jun 5 D.G. Khan Cement Company Limited(DGKC)	8,134,363 ▼ -0.12
Pak Refinery / Jun 5 Pakistan Refinery Limited(PRL)	5,737,803 ▲ 0.30
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	4,793,566 ▲ 0.31
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	4,657,500 ▲ 0.12
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	4,102,148 ▲ 0.70

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	286.10
USD PKR Interbank Buying / Jun 5	285.90
USD to Japanese Yen / Jun 5	140.13
USD to Swiss Franc / Jun 5	0.91
Pound Sterling to USD / Jun 5	1.24
Euro to USD / Jun 5	1.07
UK LIBOR % / Jun 2	5.06

Stock	Volume
S&P 500 / Jun 2	4282.37
Nasdaq / Jun 2	13240.77
Dow Jones / Jun 2	33762.76
India Sensex / Jun 5	62894.02
Tokyo Nikkei / Jun 5	32117.09
Hang Seng / Jun 5	18993.93
FTSE 100 / Jun 5	7637.92
Germany DAX 30 / Jun 5	16080.36
France CAC40 / Jun 5	7260.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 2	20235
Gold 10 Grams PKR / Jun 2	199760
Crude Oil USD/Barrel / Jun 5	72.64
Gold Spot USD/Ounce / Jun 5	1944.48
Cotton US¢/pound / Jun 5	81.63

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