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WallStreet

Wall Street lower after Fed report

NEW YORK: Wall Street ended lower on Wednesday after the US Federal Reserve held interest rates and its monthly...

Published 30 Apr, 2021 05:06am

Markets

S&P, Dow end flat

NEW YORK: Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending ...

Published 29 Apr, 2021 03:52am

Markets

Hong Kong stocks up at break

The Hang Seng Index added 0.13 percent, or 36.95 points, to 28,978.49.

Published 28 Apr, 2021 10:27am

Markets

Tokyo stocks open flat ahead of BoJ decision

Sony was down 1.79 percent at 11,490 yen and Panasonic was off 1.18 percent at 1,298 yen.

Published 27 Apr, 2021 10:52am

Markets

Hong Kong stocks up at lunch

The Hang Seng Index added 0.08 percent, or 23.35 points, to 29,102.10.

Published 26 Apr, 2021 10:21am

Technology

Snap adds more users than Wall Street expected as improved app takes hold

Most of the user growth continued to come from outside North America, rising 57% from the prior-year quarter.

Published 24 Apr, 2021 10:29am

Markets

Tokyo stocks open lower on Biden tax hike reports

Toyota was down 1.36 percent at 8,254 yen and Panasonic was off 0.92 percent at 1,343.5 yen.

Published 23 Apr, 2021 10:52am

Business & Finance

U.S. stocks close down on news of Biden tax proposal

The three main indexes on Wall Street also fell on reports that Biden planned to raise income taxes on the wealthy, a proposal some said would be hard to pass in Congress.

Published 23 Apr, 2021 10:18am

World

Pfizer confirms fake vaccine shots on sale in Mexico, Poland

WASHINGTON: Fake doses of the Pfizer coronavirus vaccine were being sold in Mexico and Poland for as much as $2,500 ...

Updated 23 Apr, 2021 10:03am

Markets

European equities climb at open

London's benchmark FTSE 100 index added 0.3 percent to 6,912.34 points, compared with Wednesday's closing level.

Published 22 Apr, 2021 12:33pm

Markets

Credit Suisse ran up $20bn exposure to Archegos: report

The US family-owned hedge fund run by former Tiger Asia director Bill Hwang had taken huge bets on a few stocks with money borrowed from banks.

Published 22 Apr, 2021 11:13am

Markets

Stocks on Wall Street fall again

NEW YORK: Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit...

Published 22 Apr, 2021 03:55am

Opinion

US banks’ bond bonanza driven by extraordinary market conditions

Record-breaking Wall Street bank bond offerings in recent days are being driven by a combination of extraordinary...

Published 22 Apr, 2021 03:55am

Markets

Tuesday’s early trade: Main indexes stay down

NEW YORK: Wall Street’s main indexes fell for a second straight day on Tuesday as a spike in coronavirus cases...

Published 21 Apr, 2021 03:21am

Markets

S&P 500, Dow slip as focus turns to tech earnings

Kansas City surges on $30 bln bid from Canadian National.
Nike falls as Citi moves to sidelines.
Tobacco cos fall on report over US plan to limit nicotine.
Indexes: Dow down 0.33%, S&P falls 0.15%, Nasdaq up 0.02%.

Published 20 Apr, 2021 08:16pm

Markets

Hong Kong stocks flat at break after Wall Street retreat

The Hang Seng Index was down 0.42 points at 29,105.73.

Published 20 Apr, 2021 11:15am

Markets

Credit Suisse serves investors thin gruel as Wall Street feasts on deals

Venditti said he expected to see an RWA inflation at Credit Suisse from the second quarter.

Published 19 Apr, 2021 11:44am

Markets

Wall Street week ahead: Tech retakes market lead as investors eye yields, earnings

NEW YORK: US technology and growth stocks have taken the market’s reins in recent weeks, pausing a rotation into...

Published 19 Apr, 2021 03:21am

Business & Finance

Kansas City revenue falls 3.5pc as COVID-19 hits volumes

The company's net income rose to $153.4 million, or $1.68 per share, in the first quarter ended March 31, from $152.3 million, or $1.58 per share, a year earlier.
Operating ratio, a key metric for Wall Street, rose to 64.2% from 60.5% a year earlier. A lower operating ratio signals improved profitability.

Published 16 Apr, 2021 05:07pm

Markets

Dell shares rise on plans to spin off top-performing VMware unit

The spinoff of its 81% stake in VMware, first proposed in a filing last July, would also help Dell lower its long-term debt of $41.62 billion, much of which was taken on during its 2016 acquisition of data management firm EMC.
Wall street analysts saw benefits in the spinoff, but some also raised long-term concerns about company's core business.

Published 15 Apr, 2021 07:43pm

Markets

Australia shares set to rise as commodities, Wall Street shine; NZ up

New Zealand's benchmark S&P/NZX 50 index was up 0.24% to 12687.24 in early trade.

Published 14 Apr, 2021 11:30am

Markets

Hong Kong shares sharply higher at lunch

The Hang Seng Index rallied 1.24 percent, or 352.75 points, to 28,850.00.

Published 14 Apr, 2021 11:18am

Markets

Most Asian markets rise as earnings come into focus

Pfizer also said it had enough production capacity to produce more than two billion doses this year.

Published 14 Apr, 2021 11:12am

Markets

Tokyo stocks open lower weighed by virus worries

Other reports said one or possibly two separate funds were considering counter buyout offers for Toshiba.

Published 14 Apr, 2021 10:49am

Markets

Global stocks mostly shrug off J&J vaccine woes

Optimism nevertheless appeared intact among traders as bitcoin zoomed to a record high above $63,000 ahead of Wednesday's trading launch of the Coinbase cryptocurrency exchange.

Published 14 Apr, 2021 10:25am

Opinion

Coinbase brings cryptocurrencies to Wall Street

The arrival Wednesday of cryptocurrency exchange Coinbase on Nasdaq is one of the most anticipated events of the ...

Published 14 Apr, 2021 03:21am

Business & Finance

Bitcoin hits record high above $62,000

LONDON: Bitcoin hit a record high above $62,000 Tuesday as the cryptocurrency exchange Coinbase prepares to launch...

Updated 14 Apr, 2021 10:11am

Markets

Global share markets rise after U.S. inflation remains contained

The consumer price index jumped 0.6pc, the largest gain since August 2012, as increased vaccinations and massive fiscal stimulus unleashed pent-up demand.

Updated 14 Apr, 2021 12:01am

Business & Finance

Coinbase brings cryptocurrencies to Wall Street

Another factor that could put Coinbase at a disadvantage is its commissions, which the company uses to earn money.

Updated 13 Apr, 2021 04:32pm

Markets

Wall Street week ahead: With stocks at record highs, investors look to upcoming earnings

NEW YORK: Wall Street is kicking off a crucial reporting season as US companies provide quarterly results a year...

Published 12 Apr, 2021 03:59am

Gainers
Losers
Leaders

Stock	Price
JS Bank Ltd / Jun 2 JS Bank Limited(JSBL)	4.39 ▲ 0.31 (7.60%)
Cres.Star Ins. / Jun 2 Crescent Star Insurance Limited(CSIL)	1.43 ▲ 0.10 (7.52%)
AL-Noor Sugar / Jun 2 Al-Noor Sugar Mills Limited(ALNRS)	48.99 ▲ 3.42 (7.50%)
Bestway Cement / Jun 2 Bestway Cement Limited(BWCL)	151.58 ▲ 10.58 (7.50%)
Gatron Ind. / Jun 2 Gatron (Industries) Limited(GATI)	470.69 ▲ 32.84 (7.50%)
Pak Synthetics / Jun 2 Pakistan Synthetics Limited(PSYL)	48.45 ▲ 3.38 (7.50%)
Pak Int.Bulk / Jun 2 Pakistan International Bulk Terminal(PIBTL)	4.16 ▲ 0.24 (6.12%)
Exide (PAK) / Jun 2 Exide Pakistan Limited(EXIDE)	256.15 ▲ 13.15 (5.41%)
Mod.Al-Mali / Jun 2 Modaraba Al-Mali(MODAM)	4.10 ▲ 0.19 (4.86%)
United BankXD / Jun 2 United Bank Limited(UBL)	119.86 ▲ 5.06 (4.41%)

Stock	Price
Khyber Textile / Jun 2 Khyber Textile Mills Limited(KHYT)	582.75 ▼ -47.25 (-7.50%)
Pervez Ahmed Co / Jun 2 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.61 ▼ -0.04 (-6.15%)
AKD Securities / Jun 2 AKD Securities Limited(AKDSL)	20.51 ▼ -1.16 (-5.35%)
Tri-Star Power / Jun 2 Tri-Star Power Limited(TSPL)	10.55 ▼ -0.52 (-4.70%)
Sitara Peroxide / Jun 2 Sitara Peroxide Limited(SPL)	11.23 ▼ -0.46 (-3.93%)
Dewan Farooque Sp. / Jun 2 Dewan Farooque Spinning Mills Limited(DFSM)	2.50 ▼ -0.10 (-3.85%)
Jubile Life InsXD / Jun 2 Jubilee Life Insurance Company Limited(JLICL)	107.10 ▼ -3.89 (-3.50%)
Kohinoor Ind. / Jun 2 Kohinoor Industries Limited(KOIL)	7.25 ▼ -0.25 (-3.33%)
Reliance Ins. / Jun 2 Reliance Insurance Company Limited(RICL)	7.75 ▼ -0.25 (-3.12%)
Dandot Cement / Jun 2 Dandot Cement Company Limited(DNCC)	9.20 ▼ -0.29 (-3.06%)

Stock	Volume
Globe Residency / Jun 2 Globe Residency REIT(GRR)	10,809,000 ▲ 0.33
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	9,751,847 ▲ 0.00
Pak Int.Bulk / Jun 2 Pakistan International Bulk Terminal(PIBTL)	5,430,000 ▲ 0.24
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	5,281,287 ▼ -0.01
Gul Ahmed / Jun 2 Gul Ahmed Textile Mills Limited(GATM)	4,817,327 ▲ 0.81
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	4,031,577 ▼ -0.09
Pak Elektron / Jun 2 Pak Elektron Limited(PAEL)	3,976,718 ▼ -0.01
Maple Leaf Cement / Jun 2 Maple Leaf Cement Factory Limited(MLCF)	3,969,700 ▲ 0.19
Nishat Power / Jun 2 Nishat Power Limited(NPL)	3,668,458 ▲ 0.17
Agritech Limited / Jun 2 Agritech Limited(AGL)	3,412,000 ▲ 0.04

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 2	285.40
USD PKR Interbank Buying / Jun 2	285.20
USD to Japanese Yen / Jun 2	138.86
USD to Swiss Franc / Jun 2	0.90
Pound Sterling to USD / Jun 2	1.25
Euro to USD / Jun 2	1.08
UK LIBOR % / Jun 1	5.06

Stock	Volume
S&P 500 / Jun 1	4221.02
Nasdaq / Jun 1	13100.98
FTSE 100 / Jun 1	7490.27
Dow Jones / Jun 1	33061.57
Germany DAX 30 / Jun 1	15853.66
France CAC40 / Jun 1	7137.43
India Sensex / Jun 2	62684.71
Tokyo Nikkei / Jun 2	31478.64
Hang Seng / Jun 2	18883.22

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 1	20235
Gold 10 Grams PKR / Jun 1	196331
Crude Oil USD/Barrel / Jun 2	70.50
Gold Spot USD/Ounce / Jun 2	1980.59
Cotton US¢/pound / Jun 2	81.60

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