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WallStreet

US banks get ready for shrinking profits and recession

NEW YORK: US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile...

Published 10 Jan, 2023 12:01pm

Markets

Nasdaq leads gains on Wall Street as interest rate worries ease

NEW YORK: The Nasdaq rose more than 2% on Monday with Big Tech and growth stocks spearheading gains as recent signs...

Published 10 Jan, 2023 06:00am

Markets

Wall Street Week Ahead: Stock swoon resets valuations but recession risk persists

NEW YORK: US stocks are starting 2023 at much cheaper levels after Wall Street’s biggest swoon in 14 years but the...

Published 09 Jan, 2023 06:01am

Markets

Wall St set to rally as December jobs report eases rate worries

Wall Street’s main indexes were set to open sharply higher on Friday, as cooling wages and moderation in US jobs...

Published 06 Jan, 2023 08:00pm

Markets

Wall St drops as tight labour market, Fed officials’ views fan rate hike fears

NEW YORK: Wall Street’s main indexes fell sharply on Thursday as fresh evidence of a tight labor market and ...

Published 06 Jan, 2023 05:58am

Markets

Wall Street ends 2022 with biggest annual drop since 2008

NEW YORK: US stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest...

Published 02 Jan, 2023 05:54am

Markets

Wall Street Week Ahead: Stumbling Treasury rally clouds bond market outlook for 2023

NEW YORK: US government bond investors hurting after the biggest annual decline in the history of the asset class ...

Published 02 Jan, 2023 05:54am

Markets

Wall St rises on boost from growth stocks

NEW YORK: Wall Street’s main indexes rose on Wednesday, boosted by a rebound in growth stocks as US Treasury ...

Published 29 Dec, 2022 05:59am

Markets

Wall Street falls, oil rises as China drops quarantine rule

NEW YORK/LONDON: Wall Street’s benchmark S&P 500 and the Nasdaq fell on Tuesday after the release of US...

Published 28 Dec, 2022 04:12am

Markets

Wall Street Week Ahead: US bank stocks falter as recession worries take hold

NEW YORK: Shares of US banks are taking a beating in December, as worries over an expected recession and weakening...

Published 19 Dec, 2022 06:00am

Markets

Wall Street falls sharply on angst over hawkish Fed

NEW YORK: US stock indexes fell sharply on Thursday, with the Dow on track for its steepest single-day fall in three...

Published 16 Dec, 2022 05:58am

Markets

Wall Street rises as Fed’s rate decision looms

NEW YORK: Wall Street’s main indexes rose on Wednesday ahead of the Federal Reserve’s monetary policy decision...

Published 15 Dec, 2022 06:00am

Markets

Wall Street gains as CPI data calms jitters

NEW YORK: Wall Street’s main indexes rose on Tuesday, led by rate-sensitive megacap stocks, after a...

Published 14 Dec, 2022 05:57am

Markets

Wall Street rises on gains in Walgreens, Best Buy

NEW YORK: Wall Street’s main indexes rose on Tuesday as gains in Walgreens and Best Buy helped investors assuage...

Published 23 Nov, 2022 05:55am

Markets

Wall Street jumps on more evidence of cooling inflation

NEW YORK: The tech-heavy Nasdaq led Wall Street’s main indexes higher on Tuesday as data providing further proof ...

Published 16 Nov, 2022 05:50am

Markets

Wall Street Week Ahead: Soaring US tech stocks leave some investors doubtful rebound will last

NEW YORK: Hopes that inflation is subsiding are fueling a surge in battered technology and megacap stocks, though...

Published 14 Nov, 2022 05:55am

Markets

Wall Street soars as cooling inflation spurs bets of smaller rate hikes

NEW YORK: Wall Street’s main indexes rallied on Thursday, with the tech-heavy Nasdaq leading gains, after data...

Published 11 Nov, 2022 05:54am

Markets

Wall Street climbs over 1pc as midterm election begins; Amgen hits record high

NEW YORK: US stock indexes rose for the third straight session on Tuesday as voting began in the crucial midterm...

Published 09 Nov, 2022 03:41am

Markets

Wall Street inches higher as investors brace for midterms, Meta jumps

NEW YORK: US stock indexes edged higher in choppy trading on Monday, with focus shifting to Tuesday’s midterm...

Published 08 Nov, 2022 05:56am

Markets

Tokyo stocks close lower with eyes on US jobs data

TOKYO: Tokyo stocks closed lower on Friday, with investors disheartened by falls on Wall Street and focus shifting ...

Published 07 Nov, 2022 05:49am

Markets

Wall Street Week Ahead: Inflation data, midterm elections loom for struggling US stock rally

NEW YORK: A sputtering US stock rally faces a double-dose of potentially market moving events next week: US midterm...

Published 07 Nov, 2022 05:49am

Life & Style

Starbucks plans to tap young, wealthy customers to weather recession

Starbucks Corp topped Wall Street estimates for quarterly comparable sales and profits on Thursday, saying it will...

Published 04 Nov, 2022 05:52pm

Markets

Wall Street dips as strong job openings dent Fed pivot hopes

NEW YORK: Wall Street’s main indexes fell on Tuesday after data pointing to strength in the labor market dented...

Published 02 Nov, 2022 04:37am

Markets

Wall Street surges to sharply higher close ahead of Fed week

NEW YORK: A robust, broad-based rally sent Wall Street to a sharply higher close on Friday as encouraging economic...

Published 31 Oct, 2022 05:55am

Markets

Wall Street rises on hopes of less-aggressive Fed as business activity shrinks

NEW YORK: US stock indexes climbed on Monday as shrinking business activity lifted hopes of a less aggressive...

Published 25 Oct, 2022 05:51am

Business & Finance

Saudi forum set to draw US business leaders despite tensions

DUBAI: A public spat between the United States and Saudi Arabia will not deter top Wall Street executives and US...

Updated 24 Oct, 2022 06:18am

Markets

Wall Street rallies after BofA results, UK reversal

NEW YORK: US stocks kicked off the trading week on Monday with a rally after Britain reversed course on an economic...

Published 20 Oct, 2022 05:36am

Markets

Wall Street jumps as BoA results spark rally

NEW YORK: Wall Street’s main indexes jumped on Monday as Bank of America led a rally among lenders after reporting...

Published 18 Oct, 2022 06:02am

Markets

Wall Street Week Ahead: As US markets churn, some stick with rare 2022 winner: energy shares

NEW YORK: Gut-wrenching market volatility and attractive valuations are prompting some investors to keep their...

Published 17 Oct, 2022 05:57am

Markets

Wall Street turns around to trade higher, led by cyclical stocks

NEW YORK: Wall Street’s main indexes reversed course to trade higher by early afternoon on Thursday as stocks...

Published 14 Oct, 2022 03:39am

Gainers
Losers
Leaders

Stock	Price
HBL Invest Fund / Jun 7 HBL Investment Fund(HIFA)	1.60 ▲ 0.20 (14.29%)
Reliance Ins. / Jun 7 Reliance Insurance Company Limited(RICL)	8.27 ▲ 1.00 (13.76%)
Pak Gulf Leasing / Jun 7 Pak-Gulf Leasing Company Limited(PGLC)	7.39 ▲ 0.89 (13.69%)
HBL Growth Fund / Jun 7 HBL Growth Fund(HGFA)	4.15 ▲ 0.40 (10.67%)
Bilal Fibres / Jun 7 Bilal Fibres Limited(BILF)	2.44 ▲ 0.20 (8.93%)
Ist.Capital Sec / Jun 7 First Capital Securities Corporation(FCSC)	1 ▲ 0.08 (8.70%)
Dandot Cement / Jun 7 Dandot Cement Company Limited(DNCC)	9.39 ▲ 0.75 (8.68%)
P.I.A.C.(A) / Jun 7 Pakistan International Airlines Corp(PIAA)	3.73 ▲ 0.27 (7.80%)
Ahmad Hassan / Jun 7 Ahmad Hassan Textile Mills Limited(AHTM)	51.60 ▲ 3.60 (7.50%)
Ghani Value Glas / Jun 7 Ghani Value Glass Limited(GVGL)	65.39 ▲ 4.56 (7.50%)

Stock	Price
Sec. Inv. Bank / Jun 7 Security Investment Bank Limited(SIBL)	3.05 ▼ -0.94 (-23.56%)
Tri-Star Mutual / Jun 7 Tri-Star Mutual Fund Limited(TSMF)	3 ▼ -0.60 (-16.67%)
SME Leasing Ltd / Jun 7 SME Leasing Limited(SLL)	1.73 ▼ -0.26 (-13.07%)
Bank of Khyber / Jun 7 The Bank of Khyber(BOK)	11.75 ▼ -1.00 (-7.84%)
Ellcot Spinning / Jun 7 Ellcot Spinning Mills Limited(ELSM)	105.43 ▼ -8.55 (-7.50%)
Crescent Cotton / Jun 7 Crescent Cotton Mills Limited(CCM)	32.38 ▼ -2.62 (-7.49%)
Reliance Weaving / Jun 7 Reliance Weaving Mills Limited(REWM)	84.18 ▼ -6.82 (-7.49%)
Ashfaq Textile / Jun 7 Ashfaq Textile Mills Limited(ASHT)	7.06 ▼ -0.55 (-7.23%)
Pakistan Cables / Jun 7 Pakistan Cables Limited(PCAL)	92.82 ▼ -7.12 (-7.12%)
Gillette Pak / Jun 7 Gillette Pakistan Limited(GLPL)	110 ▼ -7.90 (-6.70%)

Stock	Volume
WorldCall Telecom / Jun 7 Worldcall Telecom Limited(WTL)	24,434,530 ▲ 0.00
Pak Refinery / Jun 7 Pakistan Refinery Limited(PRL)	20,516,561 ▲ 0.81
Cnergyico PK / Jun 7 Cnergyico PK Limited(CNERGY)	15,490,079 ▲ 0.16
Pak Petroleum / Jun 7 Pakistan Petroleum Limited(PPL)	10,780,480 ▼ -0.50
Pak Elektron / Jun 7 Pak Elektron Limited(PAEL)	9,829,910 ▲ 0.43
Sui North Gas / Jun 7 Sui Northern Gas Pipelines Limited(SNGP)	9,750,118 ▼ -0.70
Oil & Gas Dev. / Jun 7 Oil & Gas Development Company Limited(OGDC)	8,971,203 ▼ -0.25
Mod. Al-Mali (R) / Jun 7 Modaraba Al-Mali R(MODAMR1)	7,359,500 ▲ 0.00
Maple Leaf Cement / Jun 7 Maple Leaf Cement Factory Limited(MLCF)	7,232,895 ▲ 0.01
P.S.O. / Jun 7 Pakistan State Oil Company Limited(PSO)	6,844,695 ▲ 5.72

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 6	286.57
USD PKR Interbank Buying / Jun 6	286.37
USD to Japanese Yen / Jun 6	139.49
USD to Swiss Franc / Jun 6	0.90
Pound Sterling to USD / Jun 6	1.24
Euro to USD / Jun 6	1.07
UK LIBOR % / Jun 5	5.07

Stock	Volume
S&P 500 / Jun 5	4273.79
Nasdaq / Jun 5	13229.43
Dow Jones / Jun 5	33562.86
India Sensex / Jun 6	62638.57
Tokyo Nikkei / Jun 6	32470.90
Hang Seng / Jun 6	19189.58
FTSE 100 / Jun 6	7591.19
Germany DAX 30 / Jun 6	15958.06
France CAC40 / Jun 6	7199.34

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 5	20235
Gold 10 Grams PKR / Jun 5	197531
Crude Oil USD/Barrel / Jun 6	71.71
Gold Spot USD/Ounce / Jun 6	1958.23
Cotton US¢/pound / Jun 6	81.97

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