Trends - Wall Street - Business Recorder

Wall Street

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

Markets

Stimulus jitters dent Wall Street’s early gains

NEW YORK: Major US averages on Monday closed off their best levels of the day, although the S&P and Nasdaq still...

Published 27 Jan, 2021 04:59am

Opinion

Wall Street-friendly rules: Congressional Democrats face challenges in repealing

With Democrats controlling the Senate, progressives want to repeal the Trump administration’s Wall Street-friendly...

Published 26 Jan, 2021 05:05am

Markets

Time to pause? Wall St grows wary of some stock bubbles

Pockets of the market have recently demonstrated investor behavior consistent with bubble-like sentiment.
Elevated retail participation has contributed to soaring prices. Retail broker eToro told Reuters it registered more than 380,000 new users in the first 11 days of 2021.

Published 25 Jan, 2021 08:55pm

Markets

Wall Street week ahead: Tech shares could retake reins as earnings heat up

NEW YORK: A bevy of major US earnings reports next week led by Apple, Microsoft and Facebook could help technology...

Published 25 Jan, 2021 04:23am

Business & Finance

IBM revenue disappoints as software sales mark rare decline

NEW YORK: IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in...

Updated 25 Jan, 2021 10:07am

Opinion

Wall Street hedges against possible bumps in US vaccine rollout

As US stock prices have marched to record highs, futures contracts for Wall Street’s “fear gauge” show some...

Published 23 Jan, 2021 03:56am

Markets

Wall St slips as IBM, Intel falter after results

IBM hits two-month low on quarterly revenue miss.
Intel slips on avoiding outsourcing embrace.
Senate to vote on Yellen's Treasury secretary nomination.
Indexes: Dow down 0.54%, S&P falls 0.27%, Nasdaq flat.

Published 22 Jan, 2021 09:36pm

Markets

Wall St slips at open as IBM, Intel weigh

The Dow Jones Industrial Average fell 34.4 points, or 0.11%, at the open to 31141.56.
The S&P 500 fell 8.8 points, or 0.23%, at the open to 3844.24.

Published 22 Jan, 2021 08:16pm

Markets

Nikkei at 30-year high

TOKYO: Japanese shares hit their highest close in 30 years, taking cues from solid overnight performances on Wall...

Published 22 Jan, 2021 04:47am

Markets

Wall Street at record highs as Netflix jumps, Biden inaugurated

NEW YORK: US stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th US president, while...

Published 22 Jan, 2021 04:47am

Markets

Thursday's early trade: Indexes hover near record highs

NEW YORK: Wall Street's main indexes hovered near record highs on Thursday as investors counted on more pandemic...

Published 22 Jan, 2021 04:47am

Business & Finance

Euro clings to gains in Europe

LONDON: The euro clung to its gains on Thursday after the European Central Bank stuck to its monetary policy while...

Published 22 Jan, 2021 04:47am

Markets

Wall Street up as Yellen backs more stimulus

NEW YORK: Wall Street’s main indexes rose on Tuesday as US Treasury Secretary nominee Janet Yellen advocated for a...

Published 21 Jan, 2021 04:23am

Markets

European shares surge

MILAN/FRANKFURT: European stocks rose on Wednesday after chip equipment maker ASML and Swiss luxury group Richemont...

Published 21 Jan, 2021 04:23am

Markets

S&P 500, Nasdaq scale record highs as Netflix jumps; Biden takes office

Netflix projects an end to borrowing binge, shares surge.
Morgan Stanley gains as quarterly profit races past estimates.
Joe Biden to be sworn in as US President later in the day.
Indexes up: Dow 0.53%, S&P 0.97%, Nasdaq 1.68%.

Published 20 Jan, 2021 09:31pm

Markets

Global markets firmer ahead of Biden's inauguration

Wall Street stocks pushed higher at the opening bell, with the Dow gaining 0.3 percent.

Published 20 Jan, 2021 08:40pm

Technology

Pandemic-driven cleaning routines boost P&G sales forecast again

The company's shares rose 2% before the opening bell.
P&G said it expects full-year sales to rise 5% to 6%, compared with a prior forecast of a 3% to 4% increase.

Published 20 Jan, 2021 06:01pm

Markets

Wall St closes higher as Yellen backs more stimulus

Tesla Inc shares rose after Jefferies raised its earnings estimates ahead of the electric-car maker's fourth-quarter results next week.

Published 20 Jan, 2021 10:15am

Markets

Tokyo stocks open higher ahead of Biden's inauguration

The dollar fetched 103.89 yen in early Asian trade, against 103.90 yen in New York late Tuesday.

Published 20 Jan, 2021 10:10am

Markets

Tuesday’s early trade: US top indexes up

NEW YORK: Wall Street’s main indexes rose on Tuesday after upbeat earnings from big US banks and Halliburton, ...

Published 20 Jan, 2021 04:29am

Markets

Oil prices climb

• IEA cuts 2021 oil demand outlook, but sees upturn in H2 NEW YORK: Oil prices climbed with US stock markets on...

Published 20 Jan, 2021 04:29am

Markets

Wall St opens higher ahead of Yellen speech; spotlight on earnings

Yellen's speech begins at 10 a.m. ET.
Bank of America, Goldman Sachs rise on profit beat.
Halliburton up after higher sequential profit.
Indexes up: Dow 0.74%, S&P 0.79%, Nasdaq 1.03%.

Published 19 Jan, 2021 09:55pm

Markets

Shares climb, dollar dips before Yellen speech; earnings in focus

World shares rise 0.4%, oil up 1%, US dollar falls.
US stock index futures point to strong start.
Yellen to say US must 'act big' on relief package.
Italian bond yields drop ahead of confidence vote.

Published 19 Jan, 2021 07:52pm

Gainers
Losers
Leaders

Stock	Price
Jubilee Spinning / Dec 7 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	7.80 ▲ 1.00 (14.71%)
F.Credit & Inv / Dec 7 First Credit and Investment Bank Limited(FCIBL)	7.25 ▲ 0.84 (13.10%)
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	3.97 ▲ 0.45 (12.78%)
Bilal Fibres / Dec 7 Bilal Fibres Limited(BILF)	2.91 ▲ 0.31 (11.92%)
Dawood Equities / Dec 7 Dawood Equities Limited(DEL)	6.98 ▲ 0.68 (10.79%)
Popular Islamic / Dec 7 Popular Islamic Modaraba(PIM)	11.50 ▲ 1.00 (9.52%)
Al-Shaheer Corp / Dec 7 Al Shaheer Corporation Limited(ASC)	11.52 ▲ 1.00 (9.51%)
Agritech Limited / Dec 7 Agritech Limited(AGL)	12.52 ▲ 1.00 (8.68%)
Bank Makramah / Dec 7 Bank Makramah Limited(BML)	2.40 ▲ 0.19 (8.60%)
Power Cem(Pref) / Dec 7 Power Cement (Pref)(POWERPS)	8.40 ▲ 0.62 (7.97%)

Stock	Price
Unicap Modaraba / Dec 7 Unicap Modaraba(UCAPM)	1.70 ▼ -0.29 (-14.57%)
Pak Gulf Leasing / Dec 7 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -1.00 (-13.33%)
Bawany Air Products / Dec 7 Bawany Air Products Limited(BAPL)	10.53 ▼ -0.97 (-8.43%)
Land Mark Spinning / Dec 7 Landmark Spinning Industries Limited(LMSM)	15.23 ▼ -1.24 (-7.53%)
Crescent Fib. / Dec 7 Crescent Fibres Limited(CFL)	80.02 ▼ -6.49 (-7.50%)
National Silk / Dec 7 The National Silk & Rayon Mills Limited(NSRM)	30.36 ▼ -2.46 (-7.50%)
Otsuka Pakistan / Dec 7 Otsuka Pakistan Limited(OTSU)	149.23 ▼ -12.10 (-7.50%)
Pak Engineering / Dec 7 Pakistan Engineering Company Limited(PECO)	508.75 ▼ -41.25 (-7.50%)
Shezan Inter. / Dec 7 Shezan International Limited(SHEZ)	132.10 ▼ -10.71 (-7.50%)
Frontier Ceram / Dec 7 Frontier Ceramics Limited(FRCL)	17.90 ▼ -1.45 (-7.49%)

Stock	Volume
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	244,993,958 ▲ 0.45
Cnergyico PK / Dec 7 Cnergyico PK Limited(CNERGY)	98,453,132 ▲ 0.20
Hascol Petrol / Dec 7 Hascol Petroleum Limited(HASCOL)	60,160,000 ▲ 0.16
WorldCall Telecom / Dec 7 Worldcall Telecom Limited(WTL)	58,797,833 ▲ 0.06
Pak Refinery / Dec 7 Pakistan Refinery Limited(PRL)	42,648,059 ▲ 2.06
P.T.C.L. / Dec 7 Pakistan Telecommunication Company Ltd(PTC)	42,592,000 ▲ 0.57
Pak Elektron / Dec 7 Pak Elektron Limited(PAEL)	42,440,851 ▲ 1.41
Hum Network / Dec 7 Hum Network Limited(HUMNL)	40,021,000 ▲ 0.02
TPL Properties / Dec 7 TPL Properties Limited(TPLP)	35,956,082 ▲ 1.02
Pak Petroleum / Dec 7 Pakistan Petroleum Limited(PPL)	35,324,615 ▼ -0.23

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 7	284.53
USD PKR Interbank Buying / Dec 7	284.03
USD to Japanese Yen / Dec 7	146.80
USD to Swiss Franc / Dec 7	0.88
Pound Sterling to USD / Dec 7	1.25
Euro to USD / Dec 7	1.08
UK LIBOR % / Dec 6	5.47

Stock	Volume
S&P 500 / Dec 6	4549.34
Nasdaq / Dec 6	14146.71
Dow Jones / Dec 6	36054.43
India Sensex / Dec 7	69549.02
Tokyo Nikkei / Dec 7	32831.35
Hang Seng / Dec 7	16268.89
FTSE 100 / Dec 7	7485.25
Germany DAX 30 / Dec 7	16619.17
France CAC40 / Dec 7	7428.09

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 6	17235
Gold 10 Grams PKR / Dec 6	186986
Crude Oil USD/Barrel / Dec 7	69.77
Gold Spot USD/Ounce / Dec 7	2026.24
Cotton US¢/pound / Dec 7	79.89

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