News stories for Fawad Maqsood

Fawad Maqsood

Business & Finance

HSBC slashes US and German government bond yield forecasts

LONDON: HSBC said on Tuesday that it had cut its forecasts for US and German government bond yields, reflecting growing

Published 06 Aug, 2019 11:59am

Markets

Gold holds near six-year peak as trade tensions simmer

Gold steadied on Tuesday after touching a six-year high as simmering tensions between Washington and Beijing propelled i

Published 06 Aug, 2019 11:59am

Markets

Ghana to raise cocoa farmers' prices by 5.2pc

ABIDJAN: Ghana will raise cocoa farmgate prices by 5.2pc for the 2019/20 season, the first increase in four years, follo

Published 06 Aug, 2019 11:58am

Markets

European shares inch higher after two-day sell-off

European shares steadied on Tuesday after posting their biggest two-day drop in over 3 years, as upbeat German data soot

Published 06 Aug, 2019 11:56am

World

EU Commission says open to Brexit discussions with Britain

BRUSSELS: The European Commission is willing to discuss Brexit with Britain over the coming weeks, a spokeswoman said on

Published 06 Aug, 2019 11:52am

World

Egypt's Suez Canal annual revenue rises to $5.9bn

CAIRO: Annual revenue from Egypt's Suez Canal rose by $300 million to $5.9 billion, the canal authority chairman said on

Published 06 Aug, 2019 11:51am

World

Diabetes drug maker Novo Nordisk buys pill factory in North Carolina

COPENHAGEN: Novo Nordisk said on Tuesday it had bought a factory in North Carolina that would assist in manufacturing an

Published 06 Aug, 2019 11:40am

Markets

China's yuan steadies, but stocks slump as trade war engulfs currency

HONG KONG: China's tumbling yuan steadied on Tuesday as authorities took steps to contain its slide, while stocks tanked

Published 06 Aug, 2019 11:39am

World

China warns Hong Kong protesters not to ‘play with fire’

BEIJING: Radical protesters in Hong Kong must not mistake China's restraint for weakness, China's Hong Kong affairs offi

Published 06 Aug, 2019 11:38am

Business & Finance

China says US currency manipulator labelling could cause chaos in financial markets

BEIJING: China's central bank said on Tuesday that Washington's decision to label Beijing as a currency manipulator woul

Published 06 Aug, 2019 11:38am

Markets

China aluminium smelters narrow losses in July

BEIJING: Production costs for aluminium smelters in China, the world's top maker of the metal, fell 4pc month-on-month t

Published 06 Aug, 2019 11:37am

Business & Finance

Bank of Israel says one thing, markets believe another as shekel strengthens

JERUSALEM: Amir Yaron's honeymoon as Bank of Israel governor lasted eight months. In that time, he and the bank's pol

Published 06 Aug, 2019 11:36am

Markets

Asia Distillates-Jet fuel cash differentials slip

SINGAPORE: Asia's cash premiums for jet fuel fell on Tuesday, hurt by lacklustre buying interest in the physical market,

Published 06 Aug, 2019 11:36am

Business & Finance

Apple, Goldman Sachs start issuing Apple Cards to consumers

Apple Inc rolled out its virtual credit card on Tuesday, working with bank Goldman Sachs Group Inc on the new iPhone add

Published 06 Aug, 2019 11:35am

Markets

Yuan drops below 7 per dollar as trade war escalates

NEW YORK: China let its yuan weaken below 7 to the dollar on Monday, an 11-year low, leading to broad risk aversion on c

Published 05 Aug, 2019 04:10pm

Markets

Wall Street slumps as yuan slide intensifies trade angst

Wall Street's main indexes fell sharply on Monday, with the Dow Jones Industrial Average tumbling more than 500 points,

Published 05 Aug, 2019 04:10pm

Markets

US yields tumble as trade fears spur bond rally

NEW YORK: US Treasury yields tumbled on Monday, with 10-year yields hitting their lowest level since November 2016, as f

Published 05 Aug, 2019 04:09pm

Markets

US Cash Grains-Soybean, corn bids steady around Midwest interior

CHICAGO: Spot basis bids for corn and soybeans were mostly unchanged at interior processors and elevators around the US

Published 05 Aug, 2019 04:09pm

Business & Finance

Turkish central bank to hold 1-, 3-, 6-month swap transactions

ISTANBUL: Turkey's central bank said on Monday it will hold lira swap transactions with 1-, 3-, and 6-month maturities v

Published 05 Aug, 2019 04:08pm

Business & Finance

Tesco to cut 4,500 jobs in Metro restructuring

LONDON: British supermarket chain Tesco is cutting about 4,500 jobs from its Metro stores to improve the efficiency of a

Published 05 Aug, 2019 04:08pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Karachi Cotton PKR/37.32 KG / Dec 26	17,785
Petrol/Litre / Dec 27	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 26 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	16.45 ▲ 1.50 (10.03%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Blue-Ex Ltd / Dec 26 Blue-Ex Limited (GEM)(GEMBLUEX)	44.96 ▲ 4.09 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Altern Energy / Dec 26 Altern Energy Limited(ALTN)	22.65 ▲ 2.06 (10.00%)

Stock	Price
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.10 ▼ -2.57 (-10.01%)
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Fateh Ind. / Dec 26 Fateh Industries Limited(FIL)	120.56 ▼ -13.38 (-9.99%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
Popular Islamic / Dec 26 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.50 (-9.97%)
Arctic Textile / Dec 26 Arctic Textile Mills Limited(ARCTM)	21.60 ▼ -2.37 (-9.89%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Sanghar Sugar / Dec 26 Sanghar Sugar Mills Limited(SANSM)	24 ▼ -2.33 (-8.85%)
Equity Modaraba / Dec 26 First Equity Modaraba(FEM)	3 ▼ -0.29 (-8.81%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.06
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	93,301,142 ▲ 1.50
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	46,900,564 ▲ 6.41
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -1.65
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.16
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.19
B.O.Punjab / Dec 26 The Bank of Punjab(BOP)	30,003,113 ▼ -0.11
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.87
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.09

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