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Bank of England

Fire-fighting Bank of England forced to buy inflation-linked bonds

LONDON: The Bank of England acted again on Tuesday to stem a sharp sell off in Britain’s 2.1 trillion-pound ($2.31...

Published 11 Oct, 2022 12:25pm

Business & Finance

BoE doubles potential bond buy-backs

LONDON: The Bank of England sought to ease concerns about this week’s expiry of its programme designed to calm...

Published 11 Oct, 2022 05:54am

Business & Finance

US dollar gains as investors brace for another strong inflation data this week

LONDON/NEW YORK: The US dollar rose for a fourth straight session on Monday, as investors looked to inflation data...

Published 11 Oct, 2022 05:54am

Markets

BoE doubles size of bond buy-backs as emergency plan nears expiry

LONDON: The Bank of England moved to ease concerns about the expiry at the end of this week of its emergency...

Published 10 Oct, 2022 01:08pm

World

UK’s Truss forced into U-turn on tax after week of market turmoil

BIRMINGHAM, (England): British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less...

Published 04 Oct, 2022 05:55am

World

UK’s Truss tries to reassure on economic plan

BIRMINGHAM: British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she...

Published 03 Oct, 2022 07:35am

Opinion

Under water: how the Bank of England threw markets a lifeline

Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday....

Published 03 Oct, 2022 06:16am

Markets

Yields rise as Fed officials vow to fight hot inflation

NEW YORK: Treasury yields rose on Friday in a volatile week rocked by a Bank of England intervention that sent bond...

Published 03 Oct, 2022 05:52am

Opinion

BoE in murky water with qualified ‘whatever it takes’

‘Time-limited’ and ‘whatever it takes’ don’t sit comfortably together. Even if a law of diminishing ...

Published 01 Oct, 2022 04:20am

Business & Finance

Sterling posts sharp gains; dollar down against most currencies

LONDON/NEW YORK: Sterling gained in volatile trading on Thursday, as the US dollar fell against some currencies, ...

Published 30 Sep, 2022 05:52am

Markets

European stocks drop, pound recovers

LONDON: European equities sank Thursday on fears that rising interest rates will spark a global recession, while the...

Updated 29 Sep, 2022 06:20pm

World

UK’s Truss presses on with ‘controversial’ economic plan, says it’s the right course

LONDON: British Prime Minister Liz Truss defended her economic plan that has roiled financial markets, saying on...

Published 29 Sep, 2022 01:04pm

Markets

Tokyo stocks close higher on US gains

TOKYO: Tokyo stocks closed higher Thursday as investors took heart from gains on Wall Street, where traders were...

Updated 29 Sep, 2022 12:16pm

Markets

Australian shares track global markets higher as BoE seeks to quell UK bond rout

Australian shares climbed on Thursday amid a global rebound in equity markets, after the Bank of England said it...

Published 29 Sep, 2022 10:37am

Markets

Australia, NZ dollars give up overnight bounce, bearish trend unchanged

SYDNEY: The Australian and New Zealand dollars gave up some of their overnight bounce on Thursday, as relief at the...

Published 29 Sep, 2022 09:56am

Markets

FTSE 100 rises as BoE steps in to stabilise markets

LONDON: London’s blue-chip FTSE index erased steep session losses to close higher on Wednesday, while the mid-cap...

Published 29 Sep, 2022 05:54am

Business & Finance

Sterling pares losses against dollar

LONDON: Sterling regained ground against the dollar in volatile trading on Wednesday after the Bank of England (BOE)...

Published 29 Sep, 2022 05:54am

Business & Finance

Sterling, euro rally against dollar after BoE buys UK bonds

NEW YORK: After tumbling earlier, sterling rallied against the dollar on Wednesday following the Bank of England’s...

Published 29 Sep, 2022 05:54am

Business & Finance

BoE moves to calm bond market rout after tax cut storm

LONDON: The Bank of England sought to quell the fire-storm in Britain’s bond markets, saying it would buy as much...

Published 29 Sep, 2022 05:54am

Business & Finance

BoE intervenes as IMF criticises UK budget

LONDON: The Bank of England stepped in Wednesday to shore up market confidence after the International Monetary Fund...

Published 28 Sep, 2022 05:40pm

Markets

Sterling swallows bitter pill, dollar advances on hawkish Fed speak

SINGAPORE: The pound languished near a record low on Wednesday on lingering concerns over Britain’s radical tax cuts...

Published 28 Sep, 2022 09:52am

Business & Finance

Sterling hits all-time low versus dollar, gets BoE’s attention

NEW YORK: The British pound hit an all-time low against the dollar on Monday amid investor concerns that Britain’s...

Published 27 Sep, 2022 04:06am

Markets

Bank of England unveils new bank stress test scenario

LONDON: The Bank of England set out the economic downturn scenario against which major British lenders’ financial...

Published 26 Sep, 2022 02:39pm

Markets

Sterling crumbles to record low, dollar soars on UK fiscal angst

TOKYO: Sterling tumbled to a record trough on Monday as traders scampered for the exits on speculation the new...

Published 26 Sep, 2022 10:01am

Markets

Two-year yields highest since 2007

NEW YORK: Two-year yields hit 15-year highs on Friday and the yield curve inversion deepened as investors fretted...

Published 26 Sep, 2022 06:07am

Business & Finance

UK public inflation expectations at record high for coming year

LONDON: The British public expect inflation over the coming year to be 4.9%, up from 4.6% in May and the highest...

Published 15 Sep, 2022 01:54pm

Markets

UK equities fall despite cooling August inflation

LONDON: Britain’s main stock indexes fell on Wednesday after a surprise fall in consumer prices did little to calm...

Published 15 Sep, 2022 07:21am

Business & Finance

UK inflation eases from 40-year high

LONDON: UK inflation has eased on lower motor fuel costs but remains close to 40-year peaks, official data showed...

Published 14 Sep, 2022 03:38pm

Markets

Banks drag UK’s FTSE 100 lower; all eyes on US inflation data

UK’s FTSE 100 ticked lower in choppy trading on Tuesday as bank stocks fell, while data showed a drop in jobless...

Published 13 Sep, 2022 12:42pm

Business & Finance

Sterling falls to weakest since early 2021 against euro

LONDON: Sterling briefly fell to its lowest level since early 2021 against a robust euro on Monday, while news that...

Published 13 Sep, 2022 06:12am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	278.20
USD PKR Interbank Buying / May 9	278
USD to Japanese Yen / May 9	155.52
USD to Swiss Franc / May 9	0.91
Pound Sterling to USD / May 9	1.25
Euro to USD / May 9	1.08

Stock	Volume
S&P 500 / May 9	5214.08
India Sensex / May 9	72404.17
Tokyo Nikkei / May 9	38486.69
Nasdaq / May 9	16346.27
Hang Seng / May 9	18537.81
FTSE 100 / May 9	8381.35
Dow Jones / May 9	39387.76
Germany DAX 30 / May 9	18686.60

Item	Value
Crude Oil USD/Barrel / May 9	79.64
Karachi Cotton PKR/37.32 KG / May 9	19935
Gold 10 Grams PKR / May 9	205075
Gold Spot USD/Ounce / May 9	2347.74
Cotton US¢/pound / May 9	78.60
Petrol/Litre / May 10	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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