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Money & Banking

Bitcoin more than doubles in 2024 on spot ETF approval

BENGALURU: Bitcoin more than doubled in 2024 driven by the US markets regulator’s approval for exchange-traded...

Published 02 Jan, 2025 05:56am

Money & Banking

Global markets rode AI, interest rate roller coaster in 2024

PARIS: Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor ...

Published 02 Jan, 2025 05:56am

Money & Banking

Financial and agricultural support to farmers: HBL Microfinance Bank teams up with HBL Zarai Services

ISLAMABAD: HBL Microfinance Bank (HBL MfB), Pakistan’s leading microfinance bank, and HBL Zarai Services Limited...

Published 01 Jan, 2025 03:03am

Money & Banking

Dollar dominates on cautious Fed

NEW YORK: The US dollar was on track to post an annual gain against almost all major currencies on Tuesday, while ...

Published 01 Jan, 2025 03:03am

Money & Banking

Dollar gains broadly

NEW YORK: The dollar rose broadly on Monday, holding near a two-year high, while the Japanese yen edged up from...

Published 31 Dec, 2024 06:32am

Money & Banking

Indian rupee slips to record closing low

MUMBAI: The Indian rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the...

Published 31 Dec, 2024 06:32am

Money & Banking

Most Asian currencies subdued

BENGALURU: Most Asian currencies were muted on Monday, weighed down by high US Treasury yields and a firm dollar...

Published 31 Dec, 2024 06:32am

Business & Economy

Pakistan’s GDP grows 0.92% in July-Sept, 2.5% in FY24

Growth in agriculture, industry and services stood at 1.15%, -1.03% and 1.43% respectively, in Q1 FY25

Updated 30 Dec, 2024 11:25pm

Money & Banking

Yuan set to end week near 13-month low

SHANGHAI: China’s yuan is set to end the week near a 13-month low against the dollar, as it trades in narrow ...

Published 30 Dec, 2024 05:47am

Money & Banking

Sterling edges up in holiday trading

LONDON: Sterling ticked higher after searching for direction on Friday, but looked set to wrap up a holiday-thinned...

Published 30 Dec, 2024 05:47am

Money & Banking

Russian rouble loses 3.4pc vs US dollar

MOSCOW: The Russian rouble weakened sharply against the US dollar on Friday after the central bank announced it ...

Published 30 Dec, 2024 05:47am

Money & Banking

Asian currencies: S Korean won at 16-year low

BENGALURU: The South Korean won dropped to a fresh 16-year-low and the stock market tumbled on Friday amid ...

Published 28 Dec, 2024 06:59am

Money & Banking

Yen rises from 5-month low

NEW YORK: The Japanese yen rose off a five-month low against the dollar on Friday after a summary of opinions from...

Published 28 Dec, 2024 07:04am

Money & Banking

India’s forex reserves drop to over seven-month low

MUMBAI: India’s foreign exchange reserves fell for a third consecutive week and stood at a more-than-seven-month low...

Published 27 Dec, 2024 06:28pm

Money & Banking

India’s current account gap narrows to 1.2% of GDP in July-Sept, central bank says

MUMBAI: India’s July-September current account deficit narrowed marginally from a year earlier amid a rise in...

Published 27 Dec, 2024 06:10pm

Money & Banking

Dollar edges up

NEW YORK: The US dollar edged higher on Thursday on expectations the currency would be boosted next year by policies...

Published 27 Dec, 2024 06:27am

Money & Banking

Indian rupee ends at record closing low

MUMBAI: The Indian rupee settled at a record closing low for a third consecutive session on Thursday, pressured by a...

Published 27 Dec, 2024 06:27am

Money & Banking

Most Asian forex trend lower

BENGALURU: Most emerging Asian currencies weakened against a resilient dollar on Thursday while equities largely...

Published 27 Dec, 2024 06:27am

Forex

SBP-held foreign exchange reserves decrease $228mn, now stand at $11.85bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $228 million on a weekly basis,...

Updated 26 Dec, 2024 10:52pm

Money & Banking

Turkiye begins cutting rates after inflation-fighting drive

ISTANBUL: Turkiye’s central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, a bit more than...

Published 26 Dec, 2024 06:48pm

Money & Banking

China’s yuan nears 13-month low

SHANGHAI: China’s yuan hovered near a 13-month low against the US dollar on Tuesday, pressured by bond yields near...

Published 25 Dec, 2024 06:25am

Money & Banking

Dollar edges higher

NEW YORK: The dollar edged higher on Tuesday in thin holiday trading as the expected slower path of interest rate...

Published 25 Dec, 2024 06:25am

Money & Banking

Asian currencies muted as dollar near 2-year peak

BENGALURU: Emerging Asian stock markets were higher on Tuesday and currencies traded broadly flat against a stronger...

Published 25 Dec, 2024 06:25am

Money & Banking

Bank holiday

KARACHI: The State Bank of Pakistan (SBP) will remain closed on December 25, 2024 (Wednesday) being public holiday ...

Published 24 Dec, 2024 07:15am

Business & Economy

IFC, local banks to provide $52.2mn financing for tyre production in Pakistan

The International Finance Corporation (IFC), a member of the World Bank Group, and a consortium of Pakistani banks,...

Updated 23 Dec, 2024 08:53pm

Money & Banking

Yuan inches lower

SHANGHAI: China’s yuan inched lower against the dollar and continued hovering near a key threshold on Monday as a...

Published 24 Dec, 2024 06:33am

Money & Banking

Asian currencies: Ringgit rebounds after 10-day losing streak

BENGALURU: The Malaysian ringgit and Indonesian rupiah rose on Monday as Asian markets breathed a sigh of relief...

Published 24 Dec, 2024 06:33am

Money & Banking

Indian rupee slips to all-time low

MUMBAI: The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan...

Published 24 Dec, 2024 06:33am

Money & Banking

Dollar hovers close to 2-year high

NEW YORK: The dollar advanced after a drop in the prior session while the euro edged lower on Monday, as market ...

Published 24 Dec, 2024 06:33am

Money & Banking

SBP to remain closed on Wednesday, December 25

The State Bank of Pakistan (SBP) on Monday said it will remain closed on Wednesday, December 25, 2024, in observance...

Published 23 Dec, 2024 01:42pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.75
USD PKR Interbank Buying / Dec 31	278.55
USD to Japanese Yen / Dec 31	157.31
USD to Swiss Franc / Dec 31	0.91
Pound Sterling to USD / Dec 31	1.25
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 31	5,881.63
India Sensex / Dec 31	78,139.01
Tokyo Nikkei / Dec 31	39,894.54
Nasdaq / Dec 31	19,310.79
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,173.02
Dow Jones / Dec 31	42,544.22
Germany DAX 30 / Dec 31	19,909.14

Item	Value
Gold 10 Grams PKR / Dec 30	241,430.80
Crude Oil USD/Barrel / Dec 31	71.76
Karachi Cotton PKR/37.32 KG / Dec 31	17,800
Gold Spot USD/Ounce / Dec 31	2,638.20
Cotton US¢/pound / Dec 31	68.40
Petrol/Litre / Jan 2	252.66

Gainers
Losers
Leaders

Stock	Price
First Prudential Mod. / Jan 1 First Prudential Modaraba(PMI)	3.90 ▲ 1.00 (34.48%)
Escorts Bank / Jan 1 Escorts Investment Bank Limited(ESBL)	6.05 ▲ 1.00 (19.80%)
Ittefaq Iron Ind / Jan 1 Ittefaq Iron Industries Limited(ITTEFAQ)	8.47 ▲ 1.00 (13.39%)
Equity Modaraba / Jan 1 First Equity Modaraba(FEM)	3.53 ▲ 0.33 (10.31%)
Pak Stock Exchange / Jan 1 Pakistan Stock Exchange Limited(PSX)	30.53 ▲ 2.78 (10.02%)
Ali Asghar / Jan 1 Ali Asghar Textile Mills Limited(AATM)	72 ▲ 6.55 (10.01%)
Big Bird Foods / Jan 1 Big Bird Foods Limited(BBFL)	62.70 ▲ 5.70 (10.00%)
Crescent Steel / Jan 1 Crescent Steel & Allied Products Limited(CSAP)	115.51 ▲ 10.50 (10.00%)
Hallmark Co. / Jan 1 Hallmark Company Limited(HCL)	1,006.17 ▲ 91.47 (10.00%)

Stock	Price
Dadex Eternit / Jan 1 Dadex Eternit Limited(DADX)	63.47 ▼ -7.05 (-10.00%)
Frontier Ceram / Jan 1 Frontier Ceramics Limited(FRCL)	38.62 ▼ -4.29 (-10.00%)
Khairpur Sug. / Jan 1 Khairpur Sugar Mills Limited(KPUS)	183.43 ▼ -20.38 (-10.00%)
Shahmurad Sugar / Jan 1 Shahmurad Sugar Mills Limited(SHSML)	383.24 ▼ -42.58 (-10.00%)
Universal Ins. / Jan 1 The Universal Insurance Company Limited(UVIC)	10.76 ▼ -1.19 (-9.96%)
Fateh Sports / Jan 1 Fateh Sports Wear Limited(FSWL)	78.55 ▼ -8.67 (-9.94%)
East West Ins. / Jan 1 East West Insurance Company Limited(EWIC)	51.60 ▼ -5.69 (-9.93%)
Nimir Resins / Jan 1 Nimir Resins Limited(NRSL)	27.80 ▼ -2.99 (-9.71%)
Al-Khair Gadoon / Jan 1 Al-Khair Gadoon Limited(AKGL)	38 ▼ -3.45 (-8.32%)

Stock	Volume
Cnergyico PK / Jan 1 Cnergyico PK Limited(CNERGY)	213,352,120 ▼ -0.21
Pace (Pak) Ltd. / Jan 1 Pace (Pakistan) Limited(PACE)	66,219,268 ▼ -0.14
WorldCall Telecom / Jan 1 Worldcall Telecom Limited(WTL)	65,770,728 ▼ -0.01
B.O.Punjab / Jan 1 The Bank of Punjab(BOP)	63,821,141 ▲ 0.17
Pak Int.Bulk / Jan 1 Pakistan International Bulk Terminal(PIBTL)	62,440,252 ▼ -0.12
Fauji Foods Ltd / Jan 1 Fauji Foods Limited(FFL)	55,744,730 ▲ 0.27
Pak Refinery / Jan 1 Pakistan Refinery Limited(PRL)	50,109,115 ▼ -1.47
K-Electric Ltd. / Jan 1 K-Electric Limited(KEL)	44,203,440 ▼ -0.05
Telecard Limited / Jan 1 Telecard Limited(TELE)	34,631,623 ▲ 0.06

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