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South African rand falls on Turkey contagion, SARB rate signals

JOHANNESBURG: South Africa's rand fell on Thursday, hurt by contagion from a sharp drop in the Turkish lira and...

Published 18 Nov, 2021 08:32pm

Forex

South Africa's rand firms, focus on central bank meeting

JOHANNESBURG: South Africa's rand firmed early on Monday as the dollar eased, with market focus in the week on...

Published 15 Nov, 2021 12:21pm

Financial

South African rand climbs to nine-week high vs dollar

 The rand traded at 17.3100 per dollar at 0615 GMT, up nearly 0.4pc from its previous close and its strongest since

Published 28 May, 2020 11:10am

Financial

Kenyan shilling weakens a notch on end-month importer demand

 At 0823 GMT, commercial banks quoted the shilling at 107.10/30 per dollar, compared with 107.05/25 at Tuesday's clo

Published 27 May, 2020 11:11am

Financial

Kenyan shilling steady amid slight pick up in dollar demand

NAIROBI: The Kenyan shilling held steady on Tuesday amidst some dollar demand from merchandise importers and the energy

Published 26 May, 2020 11:01am

Financial

Ugandan shilling little-changed, may firm on charity and coffee inflows

KAMPALA: The Ugandan shilling was little-changed on Tuesday but was expected to strengthen, helped by some dollar inflow

Published 26 May, 2020 10:41am

Financial

South Africa's rand retreats as US-China tensions dim rate cut cheer

The rand was 0.62pc weaker at 17.7200 per dollar, having rallied to 17.5100, its highest since March 27. Bonds

Published 22 May, 2020 11:08am

Financial

Kenyan shilling stable, supported by tight liquidity

At 0837 GMT, commercial banks quoted the shilling at 106.75/95 per dollar, compared with 106.70/90 at Thursday's cl

Published 22 May, 2020 09:39am

Financial

South Africa's rand retreats as investors await rates decision

The rand was 0.55pc weaker at 18.0250 per US dollar after hitting 17.8920, its firmest since April 9, in the previo

Published 21 May, 2020 01:32pm

Financial

Kenyan shilling steady, helped by tight liquidity

At 0958 GMT, commercial banks quoted the shilling at 106.75/95 per dollar, compared with 106.70/90 at Wednesday's c

Published 21 May, 2020 11:02am

Financial

Ugandan shilling steady helped by auction and commodity exports

At 0925 GMT commercial banks quoted the shilling at 3,785/3,795, same level as Wednesday's close. KAMPALA: Th

Published 21 May, 2020 10:52am

Financial

South Africa's rand firms as vaccine hopes boost risk demand

At 0700 GMT the rand was 0.14pc firmer at 18.3200 per dollar, versus an overnight close of 18.3460. Optimism t

Published 20 May, 2020 10:05am

Financial

Kenyan shilling steady, tight liquidity helps

At 0748 GMT, commercial banks quoted the shilling at 106.70/90 per dollar, the same as Tuesday's close. NAIRO

Published 20 May, 2020 09:40am

Financial

Turkish lira rallies against dollar on rising risk appetite

The lira, which has been trading near its weakest ever levels reached during a currency crisis in 2018, firmed as f

Published 17 Apr, 2020 12:43pm

Financial

Kenya's shilling seen under pressure next week

The kwacha is likely to hold in a range against the US dollar next week as market players sell hard currency for kw

Published 16 Apr, 2020 12:42pm

Financial

South African rand falls most on surprise rate cut; stocks slip

The rand weakened about 1.5pc to the dollar after South Africa's central bank delivered a surprise 100 basis point

Published 15 Apr, 2020 01:19pm

Financial

Turkish lira weakens to lowest level since Aug. 2018

The lira stood at 6.8580 against the dollar 0834 GMT, its lowest since August 2018, weakening from a close of 6.820

Published 15 Apr, 2020 01:17pm

Financial

Kenyan shilling remains unchanged against the dollar

At 1013 GMT, commercial banks quoted the shilling at 105.80/106.00 per dollar, the same as Tuesday's close. "N

Published 15 Apr, 2020 12:51pm

Financial

Ugandan shilling strengthens amid coronavirus-induced lockdown

At 1009 GMT commercial banks quoted the shilling at 3,750/3,760, compared to Tuesday's close of 3,765/3,775.

Published 15 Apr, 2020 12:50pm

Financial

South Africa's rand firms as Chinese trade data lifts riskier currencies

The rand traded at 18.0600 per dollar, 0.2pc firmer than its previous close. South Africa entered a recession

Published 14 Apr, 2020 11:29am

Financial

Kenyan shilling stable on weak dollar demand

At 0834 GMT, commercial banks quoted the shilling at 105.60/80 per dollar, the same as last Thursday's close.

Published 14 Apr, 2020 11:09am

Financial

Ugandan shilling posts some gains as banks pare positions

At 0936 GMT commercial banks quoted the shilling at 3,765/3,775, compared to last Thursday's close of 3,780/3,790.

Published 14 Apr, 2020 10:55am

Financial

Ugandan shilling weakens due to commercial bank dollar demand

At 1041 GMT, commercial banks quoted the shilling at 3,800/3,810, compared to Tuesday's close of 3,770/3,780.

Published 08 Apr, 2020 01:53pm

Financial

South Africa's rand rallies with riskier assets on signs of slower coronavirus infection rates

Stocks were also significantly higher, as yield and value hungry investors kept on the sidelines during recent vola

Published 07 Apr, 2020 03:13pm

Financial

Turkish lira firms on coronavirus slowdown hopes

The lira stood at 6.7185 against the dollar at 0828 GMT, firming from a close of 6.7915 on Monday. Turkey's de

Published 07 Apr, 2020 01:31pm

Financial

Kenyan shilling weakens as players beef up positions

At 0852 GMT, commercial banks quoted the shilling at 106.30/50 per dollar, compared with 106.20/40 at Friday's clos

Published 06 Apr, 2020 01:16pm

Financial

Kenyan shilling seen under pressure as economy reels from virus

At 1029 GMT, commercial banks quoted the shilling at 105.80/106.00 against the dollar, compared with 105.75/95 at T

Published 03 Apr, 2020 01:32pm

Financial

Turkey's lira edges up as trade sags, Ankara eyes next step

The lira was up some 0.3pc to 6.6840 against the dollar by 0812 GMT, from Wednesday's close of 6.7040. The tra

Published 02 Apr, 2020 01:09pm

Financial

Tightening liquidity helps to support Ugandan shilling

At 0927 GMT, commercial banks quoted the shilling at 3,785/3,795, unchanged from Wednesday's closing price. K

Published 02 Apr, 2020 12:31pm

Financial

Kenyan shilling weakens against the dollar

At 0935 GMT, commercial banks quoted the shilling at 105.75/95 per dollar, compared with 105.45/75 at Wednesday's c

Published 02 Apr, 2020 11:27am

Financial

Ugandan shilling holds steady due to reduced market activity

At 1009 GMT, commercial banks quoted the shilling at 3,785/3,795, unchanged from Tuesday's closing price. KA

Published 01 Apr, 2020 02:16pm

Financial

Ugandan shilling holds steady against the dollar

At 0918 GMT, commercial banks quoted the shilling at 3,785/3,797, unchanged from Monday's closing price. KAMP

Published 31 Mar, 2020 01:41pm

Financial

Kenyan shilling edges down against dollar

At 1057 GMT, commercial banks quoted the shilling at 105.10/30 per dollar, compared with 104.95/15 at Monday's clos

Published 31 Mar, 2020 12:48pm

Financial

Kenyan shilling holds steady against the dollar

At 0950 GMT, commercial banks quoted the shilling at 104.55/75 per dollar, compared with 104.50/70 at Friday's clos

Published 30 Mar, 2020 03:52pm

Financial

Turkish lira slides 2pc, airlines hit as coronavirus spreads

Airline shares also came under pressure, hit by a drastic reduction in flights, with Pegasus Airlines halting domes

Published 30 Mar, 2020 01:48pm

Financial

Kenyan shilling gains ground, helped by lacklustre dollar demand

The government has also announced a series of measures including tax cuts to cushion the economy from coronavirus.

Published 27 Mar, 2020 12:51pm

Financial

Turkey's lira slides as tourism, trade brace for virus impact

The lira weakened to 6.454 against the dollar at 1011 GMT, compared to Thursday's close of 6.4. The government

Published 27 Mar, 2020 11:39am

Financial

South Africa's rand weaker as national lockdown approaches

The rand was 0.4pc weaker at 17.4050 per dollar, snapping a two-session rally that had driven the unit to 17.1900,

Published 26 Mar, 2020 02:15pm

Financial

South Africa's rand rises on Fed support even as lockdown looms March 24,

The rand traded at 17.7200 to the dollar, 0.73pc stronger than its previous close. Stocks also rose. The rand

Published 24 Mar, 2020 12:41pm

Financial

Turkish lira rebounds after central banks ramp up funding

The lira stood at 6.5250 against the dollar by 0911 GMT, having firmed as far as 6.4800 from a close of 6.5600.

Published 24 Mar, 2020 12:36pm

Financial

Kenya shilling weakening caused by 'malicious actors': central banker

He also accused unnamed traders, or "malicious actors", of contributing to the weakening through indiscipline.

Published 24 Mar, 2020 12:29pm

Financial

South Africa's rand on the ropes as virus fears mount

The rand traded 1.08pc weaker at 17.7200 per dollar, after hitting a high of 17.5800 earlier in the session as it e

Published 23 Mar, 2020 04:01pm

Financial

Ugandan shilling extends losing streak amid demand by banks, offshore investors

At 0747 GMT commercial banks quoted the shilling at 3,840/3,850, compared to Friday's close of 3,820/3,830. K

Published 23 Mar, 2020 11:42am

Financial

Turkish lira headed for 6th stumble in last 8 days

The lira stood at 6.5920 against the dollar by 0826 GMT, from Friday's close of 6.5480. The consumer confidenc

Published 23 Mar, 2020 10:59am

Financial

Kenyan shilling edges down as investors flee to safety

The shilling fell close to its record low on Friday due to concerns about the impact of the coronavirus outbreak.

Published 23 Mar, 2020 10:43am

Financial

Kenyan shilling hammered by the impact of coronavirus

The government has closed down schools indefinitely, restricted large public gatherings and limited entry into Keny

Published 20 Mar, 2020 01:52pm

Financial

South Africa's rand, stocks bounce as central bank measures ease virus pain

The South African Reserve Bank (SARB) announced additional emergency liquidity measures to ease the stress on banks

Published 20 Mar, 2020 12:35pm

Financial

South Africa's rand firms ahead of inflation data

The rand was 0.07pc firmer at 14.9930 against a close of 15.0030. The rand has fallen more than 7pc since begi

Published 19 Feb, 2020 11:28am

Financial

Ugandan shilling flat amid some charity flows

The shilling at 3,665/3,675, unmoved from Tuesday's close. KAMPALA: The Ugandan shilling traded stable on Wed

Published 19 Feb, 2020 10:42am

Financial

Kenyan shilling under pressure against the dollar

The shilling at 101.20/40 per dollar, compared with 101.00/20 at Tuesday's close. NAIROBI: The Kenyan shillin

Published 19 Feb, 2020 10:41am

Financial

Uganda shilling weakens a touch on uptick in interbank demand

The shilling at 3,670/3,680, compared to Monday's close of 3,665/3,675. KAMPALA: The Ugandan shilling traded

Published 18 Feb, 2020 01:09pm

Financial

South Africa's rand ticks lower as Moody's stokes downgrade fears

The rand was 0.32pc lower at 15.0280 per dollar, its weakest level since Feb. 10, by 0600 GMT. Bonds were slig

Published 18 Feb, 2020 11:27am

Financial

Kenyan shilling weakens against the dollar

The shilling at 100.80/101.00 per dollar, compared with 100.60/80 at Monday's close. NAIROBI: The Kenyan shil

Published 18 Feb, 2020 11:20am

Financial

Turkish lira weakest since May as Syria, central bank decisions loom

The lira stood at 6.0680 at 0904 GMT, having weakened as far as 6.07 from a close of 6.0485 on Monday. ISTANB

Published 18 Feb, 2020 09:45am

Financial

Ugandan shilling stable, demand seen picking up after tax payments

The shilling at 3,665/3,675, same level as Friday's close. KAMPALA: The Ugandan shilling was stable on Monday

Published 17 Feb, 2020 03:27pm

Financial

South African rand firmer as China rate cut soothes virus anxiety

Bonds were slightly weaker with the yield on the benchmark government bond due in 2026, adding 1.5 basis points to

Published 17 Feb, 2020 11:24am

Financial

Kenyan shilling stable amid slow dollar demand

The shilling at 100.55/75 per dollar, the same as Friday's close. NAIROBI: The Kenyan shilling was stable on

Published 17 Feb, 2020 10:59am

Financial

South Africa's rand firmer after Ramaphosa's speech

The rand was 0.41pc stronger at 14.8910 per dollar. Eskom supplies more than 90pc of South Africa's electricit

Published 14 Feb, 2020 11:32am

Financial

Kenyan shilling stable, helped investors buying government bonds

The shilling at 100.50/70 per dollar, the same as Thursday's close. NAIROBI: The Kenyan shilling held steady

Published 14 Feb, 2020 10:54am

Financial

Ugandan shilling stable, dollar demand slow

The shilling at 3,660/3,670, same level as Thursday's close. KAMPALA: The Ugandan shilling was unchanged on F

Published 14 Feb, 2020 10:17am

Financial

South African rand falls as virus death toll knocks risk appetite

The rand traded at 14.9500 per dollar, 0.67pc weaker than its previous close. South Africa, investors await Pr

Published 13 Feb, 2020 10:32am

Financial

Kenyan shilling stable, expected to trade in narrow range

The shilling at 100.50/70 per dollar, compared with 100.55/75 at Wednesday's close. NAIROBI: The Kenyan shill

Published 13 Feb, 2020 09:59am

Financial

South Africa's rand falls after dismal data, stocks rise

The rand was 0.3pc weaker at 14.8700 per dollar, retreating after sailing to a session best of 14.7320. On the

Published 12 Feb, 2020 04:05pm

Financial

Turkish lira weakens on concerns of escalation in Syria

The lira stood at 6.0595 at 1520 GMT, weakening from a close of 6.0170. Earlier, it declined as much as 0.79pc

Published 12 Feb, 2020 04:02pm

Financial

Kenyan shilling weakens due to importer dollar demand

The shilling at 100.65/85 per dollar, compared with 100.55/75 at Monday's close. NAIROBI: The Kenyan shilling

Published 12 Feb, 2020 12:35pm

Financial

South Africa's rand firms; focus shifts to data, Ramaphosa speech

The yield on the benchmark government bond due in 2026 was down 1.5 basis points to 7.995pc. Traders were wait

Published 11 Feb, 2020 11:57am

Financial

Ugandan shilling stable, seen stronger as commercial banks sell dollars

The shilling at 3,665/3,675, compared to Monday's close of 3,670/3,680. KAMPALA: The Ugandan shilling was sta

Published 11 Feb, 2020 11:06am

Financial

Turkish lira weakens on concern over conflict in Syria

The lira weakened as far as 6.04250 against the dollar from a close of 6.0075 on Monday. Its volatility has sp

Published 11 Feb, 2020 10:32am

Financial

Kenyan shilling weakens due to increased importer dollar demand

The shilling at 100.60/80 per dollar, compared with 100.35/55 at Friday's close. Kenya's financial markets wil

Published 10 Feb, 2020 02:00pm

Financial

Turkish lira rebounds from sharp selloff after regulator steps in

The lira strengthened to as low as 5.975 against the dollar and was worth 5.9955 at 0817 GMT. The currency's o

Published 10 Feb, 2020 12:28pm

Financial

Ugandan shilling unchanged on lacklustre dollar demand

The shilling at 3,670/3,680, same level as Friday's close. KAMPALA: The Ugandan shilling was unchanged on Mon

Published 10 Feb, 2020 11:18am

Financial

Turkey's lira slides to weakest level since May

The lira was down 0.6pc at 6.0275 against the dollar at 1438 GMT, on track for its sharpest daily drop in weeks.

Published 07 Feb, 2020 03:32pm

Financial

South Africa's rand falls as business confidence weakens

The rand was 0.12pc weaker at 14.9200 per dollar, extending a 1pc slide in the previous session as selling was spur

Published 07 Feb, 2020 11:10am

Financial

Kenyan shilling stable, forecast to trade in narrow range

The shilling at 100.35/55 per dollar, the same as Thursday's close. NAIROBI: The Kenyan shilling was stable o

Published 07 Feb, 2020 10:19am

Financial

Ugandan shilling stable, commodity inflows to offer support

The shilling at 3,670/3,780, same level as Wednesday's close. KAMPALA: The Ugandan shilling was stable on Thu

Published 06 Feb, 2020 12:11pm

Financial

Kenya's shilling stable, remittance inflows meet importer demand

The shilling at 100.35/55 per dollar, the same as Wednesday's close. NAIROBI: The Kenyan shilling held steady

Published 06 Feb, 2020 10:56am

Financial

Kenyan shilling strengthened due to inflows from remittances

The shilling at 100.20/40 per dollar, compared with 100.30/50 at Tuesday's close. NAIROBI: The Kenyan shillin

Published 05 Feb, 2020 11:09am

Financial

South Africa's rand firmer as virus selloff pauses

The rand was 0.43pc firmer at 14.9650 per dollar, having ended at 15.0300 on Friday. The sharp fall in the ran

Published 03 Feb, 2020 12:32pm

Financial

Kenyan shilling strengthens, remittances help

The shilling at 100.35/55 per dollar, compared with 100.45/65 at Friday's close. NAIROBI: The Kenyan shilling

Published 03 Feb, 2020 12:30pm

Financial

Ugandan shilling stable due to low dollar demand from commercial banks

The shilling at 3,670/3,680, same level as Friday's close. KAMPALA: The Ugandan shilling was unchanged on Mon

Published 03 Feb, 2020 10:50am

Financial

South Africa's rand marks time as China virus, power cuts weigh

The rand traded at 14.7500 versus the dollar, 0.1pc higher than its New York close on Thursday. Government bon

Published 31 Jan, 2020 01:46pm

Financial

Kenyan shilling firms against the dollar

The shilling at 100.45/65 per dollar, compared with 100.55/75 per dollar at Thursday's close. NAIROBI: The Ke

Published 31 Jan, 2020 11:54am

Financial

Ugandan shilling stable amid low dollar appetite, charity flows

The shilling at 3,673/3,683, unchanged from Thursday. KAMPALA: The Ugandan shilling was stable on Friday, par

Published 31 Jan, 2020 10:46am

Financial

Kenyan shilling strengthens against the dollar

The shilling at 100.60/80 per dollar, compared with 100.70/90 at Wednesday's close. NAIROBI: The Kenyan shill

Published 30 Jan, 2020 11:55am

Financial

Turkish lira 'competitive' at current level

The lira stood at 5.9845 against the US dollar at 08:43 GMT, down 0.4% from the day before. The central bank d

Published 30 Jan, 2020 11:26am

Financial

South Africa's rand steady as investors assess virus fallouts

The rand traded at 14.5250 per dollar, 0.12pc firmer than its previous close. Investors will look for more dir

Published 29 Jan, 2020 12:28pm

Financial

Kenyan shilling firm against end month dollar demand

The shilling at 100.75/95 per dollar, compared with 100.85/101.05 at Tuesday's close. NAIROBI: The Kenyan shi

Published 29 Jan, 2020 11:32am

Financial

Ugandan shilling weakens a touch on uptick in importer demand

The shilling at 3,680/3,690, a touch weaker than Tuesday's close of 3,675/3,685. KAMPALA: The Ugandan shillin

Published 29 Jan, 2020 11:02am

Financial

South Africa's rand firms slightly but sentiment stays weak on coronavirus

The rand traded at 14.5800 per dollar, 0.17pc firmer than its previous close. The yield on the benchmark gover

Updated 04 Mar, 2020 10:41am

Financial

Kenyan shilling broadly stable against end month demand

The shilling at 100.85/101.05 per dollar, the same as Monday's close. NAIROBI: The Kenyan shilling was broadl

Published 28 Jan, 2020 10:41am

Financial

Ugandan shilling unchanged as banks, importers stay on sidelines

The shilling at 3,675/3,685, same level as Monday's close. KAMPALA: The Ugandan shilling traded in the same p

Published 28 Jan, 2020 10:05am

Financial

South African rand weaker as investors calculate impact of China virus

The rand traded at 14.4800 versus the dollar, 0.59pc percent lower than its New York close on Friday. The rand

Published 27 Jan, 2020 11:10am

Financial

Kenyan shilling unchanged as players eye central bank rate decision

The shilling at 100.85/101.05 per dollar, the same as Friday's close. NAIROBI: The Kenyan shilling was broadl

Published 27 Jan, 2020 10:27am

Financial

Ugandan shilling stable, to firm helped by Treasury bill auction

The shilling at 3,675/3,685, same level as Friday's close. KAMPALA: The Ugandan shilling was unchanged on Mon

Published 27 Jan, 2020 10:25am

Financial

Turkey's Albayrak says lira 'looks competitive' at 5.7-5.9 vs dollar

The government measures, including curbs on foreign-exchange and reserve requirements meant to boost lending.

Published 24 Jan, 2020 12:15pm

Financial

South African rand flat as global markets steady

The rand traded at 14.3950 versus the dollar, barely changed from its previous close. Government bonds dipped

Published 24 Jan, 2020 11:43am

Financial

Kenyan shilling stable as demand muted ahead of rate decision

The shilling at 100.75/95 per dollar, the same as Thursday's close. NAIROBI: The Kenyan shilling was firm on

Published 24 Jan, 2020 11:12am

Financial

Ugandan shilling holds steady against the dollar

The shilling at 3,670/3,680, the same as Thursday's closing rate. KAMPALA: The Ugandan shilling held firm aga

Published 24 Jan, 2020 10:28am

Financial

Kenyan shilling inches up against the dollar

The shilling at 100.80/101.00 per dollar, compared with 100.90/101.10 at Tuesday's close. NAIROBI: The Kenyan

Published 22 Jan, 2020 11:27am

Financial

Ugandan shilling holds steady, demand for dollars eyed

The shilling at 3,670/3,680, unchanged from Tuesday's closing rate. KAMPALA: The Uganda shilling held firm on

Published 22 Jan, 2020 11:12am

Financial

S.Africa's rand nearly unchanged after Fitch's ratings decision

Rand was trading at 14.310 versus the greenback at 0506 GMT. Government bonds were flat, with the yield on ben

Published 19 Dec, 2019 12:20pm

Financial

Ugandan shilling little-changed amid thin importer demand

The shilling at 3,659/3,669, compared with Wednesday's close of 3,663/3,673. KAMPALA: The Ugandan shilling wa

Published 19 Dec, 2019 09:56am

Financial

South Africa's rand down as gains on global sentiment fade

The rand was 14.4480 versus the greenback by 0814 GMT, 0.4pc weaker than the previous day's close. Government

Published 18 Dec, 2019 12:21pm

Financial

Kenyan shilling strengthens against the dollar

The shilling at 101.25/45 per dollar, compared with 101.40/60 at Tuesday's close. NAIROBI: The Kenyan shillin

Published 18 Dec, 2019 12:01pm

Financial

South African rand slips, stocks boosted by electricity supply relief

The rand was 0.43pc weaker at 14.4280 per dollar compared with an opening level of 14.3860. The rand rallied c

Published 17 Dec, 2019 04:12pm

Financial

Kenyan shilling stable on tourism, remittances, thin demand

The shilling at 101.50/70 per dollar, the same as Monday's close. NAIROBI: The Kenyan shilling was stable aga

Published 17 Dec, 2019 03:11pm

Financial

Turkish lira hits weakest level against dollar in almost 2 months

The lira traded at 5.8455 against the dollar at 0849 GMT. Turkey's jobless rate edged down to 13.8pc in August

Published 16 Dec, 2019 12:01pm

Financial

Ugandan shilling trades stable amid remittance, commodity flows

The shilling at 3,670/3,680, same level as Friday's close. KAMPALA: The Ugandan shilling traded stable on Mon

Published 16 Dec, 2019 10:10am

Financial

Ugandan shilling stable, to gain due to commodity dollar inflows

The shilling at 3,665/3,675, compared to Thursday's close of 3,668/3,678. KAMPALA: The Ugandan shilling stead

Updated 13 Jan, 2020 11:09pm

Financial

Ugandan shilling little-changed, may gain on charity flows

The shilling at 3,673/3,683, compared to Tuesday's close of 3,677/3,687. KAMPALA: The Ugandan shilling traded little

Published 11 Dec, 2019 10:42am

Financial

Ugandan shilling stable, expected to strengthen due to decreased importer demand

The shilling at 3,677/3,687, compared to Monday's close of 3,680/3,690. KAMPALA: The Ugandan shilling was sta

Published 10 Dec, 2019 12:06pm

Financial

South Africa's rand weak; focus on global cues ahead of US tariff deadline

The rand was down 0.38pc at 14.66, compared to a close of 14.6050 on Friday. The market is forecasting inflati

Published 09 Dec, 2019 11:48am

Financial

South Africa's rand stumbles as data shows struggling economy

The rand was 0.4pc weaker at 14.6600 per dollar from an overnight close of 14.6020. The statistics agency said

Published 05 Dec, 2019 10:40am

Financial

South African rand dips before GDP data

The rand traded at 14.5730 versus the dollar, 0.2pc weaker than its previous close. Government bonds were flat

Published 03 Dec, 2019 01:57pm

Financial

Ugandan shilling holds steady, seen coming under pressure

The shilling at 3,690/3,700, same level as Friday's close. KAMPALA: The Ugandan shilling was stable on Monday

Published 02 Dec, 2019 12:34pm

Financial

South Africa's rand dips ahead of trade, budget data

The rand was 0.24pc weaker at 14.7350 per dollar, compared with an overnight close of 14.70. Bonds edged firme

Published 29 Nov, 2019 12:05pm

Financial

Kenyan shilling under pressure from end month importer demand

The shilling at 102.80/90 per dollar, compared with 102.70/80 at Thursday's close. NAIROBI: The Kenyan shilli

Published 29 Nov, 2019 10:33am

Financial

South Africa's rand weakens on US-China trade deal doubts

The rand was 0.16pc weaker at 14.7760 per dollar versus an overnight close of 14.7350. Bonds were also weaker,

Published 28 Nov, 2019 01:38pm

Financial

Uganda shilling trades stable as offshore flows offer support

The shilling at 3,695/3,705, unchanged from Wednesday's close. KAMPALA: The Ugandan shilling was unchanged on

Published 28 Nov, 2019 11:46am

Financial

South Africa's rand dips as U.S.-China trade deal uncertainty lingers

Bonds were slightly weaker, with the benchmark government issue due in 2026, adding 0.5 basis point to 8.48pc.

Published 27 Nov, 2019 12:38pm

Financial

Ugandan shilling unchanged as banks and importers trim appetite

The shilling at 3,690/3,700, same level as Tuesday's close. KAMPALA: The Ugandan shilling was unchanged on We

Published 27 Nov, 2019 10:56am

Financial

Kenyan shilling weakens on end month demand

The shilling at 102.35/55 per dollar, compared with 102.00/20 at Monday's close. NAIROBI: The Kenyan shilling

Published 26 Nov, 2019 11:20am

Financial

South Africa's rand rises on S&P ratings reprieve

The rand was 0.41pc firmer at 14.6750 per dollar by 0620 GMT, compared with an opening level of 14.7300. Bonds

Published 25 Nov, 2019 02:01pm

Financial

Ugandan shilling weakens amid a rise in demand by banks and importers

The shilling at 3,690/3,700, compared to Friday's close of 3,680/3,690. KAMPALA: The Ugandan shilling weakene

Published 25 Nov, 2019 10:58am

Financial

Kenyan shilling weakens against the dollar amid end-month demand

The shilling at 101.70/90 per dollar, compared with 101.55/75 at Friday's close. NAIROBI: The Kenyan shilling

Published 25 Nov, 2019 10:55am

Financial

Kenyan shilling extends gains against the dollar

Kenyan shilling gained against the dollar on Wednesday with dollar supply from diaspora remittances. NAIROBI:

Published 20 Nov, 2019 01:39pm

Financial

Ugandan shilling unchanged as banks' and importer demand slackens

Commercial banks quoted the shilling at 3,685/3,695, unchanged from Tuesday. KAMPALA: The Ugandan shilling ex

Published 20 Nov, 2019 01:10pm

Financial

South Africa rand and bonds bounce on Moody's ratings reprieve

Moody's affirms investment-grade rating, Some investors had feared move to "junk" Rand, bonds see relief rally

Published 04 Nov, 2019 04:27pm

Financial

South African rand, stocks gain; focus on Moody's review

South Africa faces a potentially material 'slap on the wrists' by Moody's credit rating agency later today. Th

Published 01 Nov, 2019 04:11pm

Financial

South Africa's rand firmer as investors await next week's budget

The yield on the benchmark government bond due in 2026 was down 4.5 basis points to 8.17pc. Gold miners were t

Published 25 Oct, 2019 08:47pm

Financial

Kenyan shilling stable on tightening liquidity

Commercial banks quoted the shilling at 103.65/75 per dollar. NAIROBI: The Kenyan shilling was stable against

Published 17 Oct, 2019 10:17am

Financial

Ugandan shilling stable on lacklustre appetite

Commercial banks quoted the shilling at 3,690/3,700. KAMPALA: The Ugandan shilling traded stable on Wednesday

Published 16 Oct, 2019 11:38am

Financial

Kenyan shilling strengthens against the dollar

Commercial banks quoted the shilling at 103.55/75 per dollar. NAIROBI: The Kenyan shilling strengthened again

Published 15 Oct, 2019 11:06am

Financial

South Africa's rand steady on thaw in trade tensions

"The current levels of the local unit likely to attract some dollar buying interest, technically an attempt on 14.6

Published 14 Oct, 2019 02:07pm

Financial

Turkish lira slips but traders doubt Trump's sanctions threat

The lira weakened to 5.9205 against the U.S. dollar. The currency, which suffered a crisis last year that knoc

Published 14 Oct, 2019 01:02pm

Financial

Ugandan shilling weakens as rate cut spurs banks to beef up positions

Commercial banks quoted the shilling at 3,697/3,707, compared to Thursday's close of 3,680/3,700. KAMPALA: Th

Published 11 Oct, 2019 12:46pm

Financial

South African rand stronger as dollar dips

The U.S. currency dropped amid mixed signals over whether the United States and China were making progress in resol

Published 10 Oct, 2019 11:36am

Financial

Turkish lira weakens after Turkey launches Syria ground assault

The lira weakened to 5.88 against dollar from a close of 5.8740 a day earlier. The lira has come under pressur

Published 10 Oct, 2019 09:45am

Financial

Turkish lira weakens slightly, focus turns to Syria offensive

The lira has been pulled in both directions this week by comments from U.S. President Donald Trump. The lira t

Published 09 Oct, 2019 12:30pm

Financial

South Africa's rand pauses slide as risk clouds gather

The rand was up 0.1pc at 15.2575 per dollar, a small move off its overnight low of 15.3050. The South African

Published 09 Oct, 2019 11:16am

Financial

Kenyan shilling strengthens against the dollar

Commercial banks quoted the shilling at 103.65/85 per dollar. NAIROBI: The Kenyan shilling strengthened again

Published 09 Oct, 2019 10:18am

Financial

Ugandan shilling biased on weaker side as rate cut triggers pressure

The central bank made an unexpected cut by 100 basis points to its policy rate this week. KAMPALA: The Uganda

Published 08 Oct, 2019 01:47pm

Financial

South Africa's rand firmer as 15/$ mark lures in bulls

"The rand does feel like it has perhaps a little more room to correct or consolidate, and perhaps squeeze some stal

Published 08 Oct, 2019 11:04am

Financial

Kenyan shilling firms against the dollar

The Kenyan shilling firmed slightly against the dollar on Tuesday as inflows from diaspora and offshore investors b

Published 08 Oct, 2019 10:15am

Financial

Turkish lira trims losses, but worries over Syria persist

Turkey's lira recovered on Tuesday after reaching its weakest level in more than a month. The lira, which lost

Published 08 Oct, 2019 09:54am

Financial

South African rand steady, focus on Sino-U.S. trade talks

South Africa's rand was steady in early trade on Monday, as investors waited for the U.S.-China talks due to start

Published 07 Oct, 2019 01:07pm

Financial

Turkish lira weakens 1pc on Syria operation concerns

The lira was trading at 5.7450 at 0717 GMT, weakening from a close of 5.7000 on Friday. Earlier, it weakened as far

Published 07 Oct, 2019 12:50pm

Financial

Kenyan shilling stable, inflows from government bond buyers helping

Kenyan shilling was stable on Monday, with inflows from investors buying government Treasury bills and bonds seen o

Published 07 Oct, 2019 10:33am

Financial

Kenyan shilling strengthens on waning importer demand

Kenyan shilling strengthened against the dollar on Friday supported by inflows from diaspora remittances and waning

Published 04 Oct, 2019 11:47am

Financial

South Africa's rand weakens as global recession fears weigh

Bonds were flat, with the yield on the benchmark government issue due in 2026 steady at 8.355%. South Africa's

Published 02 Oct, 2019 11:06am

Financial

Ugandan shilling slightly stronger, liquidity injection could trim gains

The Ugandan shilling traded slightly stronger on Wednesday but was seen likely to reverse gains on the back of a lo

Published 02 Oct, 2019 10:15am

Financial

Ugandan shilling flat as charity flows match importer demand

The Ugandan shilling as inflows from non-governmental organisations met with sagging importer appetite. KAMPA

Published 25 Sep, 2019 01:18pm

Financial

Kenyan shilling steady, remittances help meet end-month demand

The Kenyan shilling was forecast to trade in a narrow range with inflows from diaspora remittances expected.

Published 25 Sep, 2019 01:03pm

Financial

South Africa's rand firms as global monetary easing takes spotlight

South Africa's rand inched up against the dollar in early trade on Friday. The rand was 0.05% firmer at 14.592

Published 13 Sep, 2019 09:03am

Financial

Nigerian, Kenyan currencies seen stable in the week ahead

Nigerian naira and the Kenyan shilling are expected to be stable against the dollar. The bank launched a 300 b

Published 12 Sep, 2019 01:37pm

Financial

South Africa's rand slips on dismal business confidence data; all eyes on ECB

Investors awaited outcome of an European Central Bank (ECB) meeting. South African Chamber of Commerce and Ind

Updated 12 Sep, 2019 11:17am

Financial

Rouble firms on thaw in U.S.-China trade war, keeps ECB in focus

MOSCOW: The Russian rouble firmed against the U.S. dollar on Thursday, helped by signs of a thaw in trade tensions betwe

Published 12 Sep, 2019 09:13am

Financial

Kenya's currency seen easing, Zambia, Uganda stable

LUSAKA: Kenya's shilling is expected to soften against the dollar in the coming week, while the currencies of Zambia, Ug

Published 05 Sep, 2019 09:01pm

Financial

South Africa's rand falls after poor current account data, stocks rise

JOHANNESBURG: South Africa's rand weakened on Thursday after data showed the current account deficit widened in the seco

Published 05 Sep, 2019 08:37pm

Financial

Pound tops $1.23 as no-deal Brexit prospect fades

LONDON: The British pound topped $1.23 on Thursday, hitting a one-month peak as the prospect of a "no deal" Brexit seeme

Published 05 Sep, 2019 06:52pm

Financial

Syrian pound falls to record low as economy hit by sanctions

BEIRUT: The Syrian pound fell to a record low on the black market, driven down by lack of central bank intervention and

Published 04 Sep, 2019 11:12pm

Financial

South Africa's rand extends rally to 4-week high, stocks up

JOHANNESBURG: South Africa's rand rose to a four-week high on Wednesday backed by a better-than-expected jump in second-

Published 04 Sep, 2019 09:03pm

Financial

South Africa's rand extends rally to 3-week high after GDP boost

JOHANNESBURG: South Africa's rand rose to a three-week high early on Wednesday following a better-than-expected jump in

Published 04 Sep, 2019 07:32am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Askari Life Assur. / Dec 23 Askari Life Assurance Company Limited(ALAC)	6.30 ▲ 0.64 (11.31%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Power Cem(Pref) / Dec 23 Power Cement (Pref)(POWERPS)	12.27 ▲ 1.12 (10.04%)
Treet Corp / Dec 23 Treet Corporation Limited(TREET)	24.38 ▲ 2.22 (10.02%)
Dawood Hercules / Dec 23 Dawood Hercules Corporation Limited(DAWH)	223.96 ▲ 20.36 (10.00%)
Engro Corp / Dec 23 Engro Corporation Limited(ENGRO)	435.67 ▲ 39.61 (10.00%)
Ghandhara Ind. / Dec 23 Ghandhara Industries Limited(GHNI)	577.96 ▲ 52.54 (10.00%)
Leiner Pak Gelat / Dec 23 Leiner Pak Gelatine Limited(LPGL)	119.99 ▲ 10.91 (10.00%)

Stock	Price
First Elite Cap.Mod / Dec 23 First Elite Capital Modaraba(FECM)	6 ▼ -0.85 (-12.41%)
Al-Khair Gadoon / Dec 23 Al-Khair Gadoon Limited(AKGL)	41.71 ▼ -4.63 (-9.99%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
Leather Up Ltd. / Dec 23 Leather Up Limited(LEUL)	27.52 ▼ -2.66 (-8.81%)
Quetta Textile / Dec 23 Quetta Textile Mills Limited(QUET)	18 ▼ -1.56 (-7.98%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.57 ▼ -0.82 (-7.20%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)
S.G.Power / Dec 23 S.G. Power Limited(SGPL)	10.43 ▼ -0.76 (-6.79%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.07
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.15
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.08
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▼ -0.62
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	30,423,419 ▲ 0.18
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▼ -0.05
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	23,717,939 ▲ 2.31
Symmetry Group / Dec 23 Symmetry Group Limited(SYM)	21,897,051 ▲ 0.42
Hub Power Co. / Dec 23 The Hub Power Company Limited(HUBC)	20,727,996 ▲ 0.85

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