AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,005 Increased By 120.8 (1.22%)
BR30 31,012 Increased By 412.2 (1.35%)
KSE100 94,193 Increased By 837.9 (0.9%)
KSE30 29,218 Increased By 287.3 (0.99%)

The Australian dollar rose to a fresh 17-year high on Thursday after domestic jobs growth surged above expectations for a second straight month, fuelling talk the central bank might raise interest rates in the near term.
Shortly after the May jobs report was released financial markets priced a 44 percent probability the Reserve Bank of Australia (RBA) would lift rates to 6.50 percent next month, Credit Suisse said. That risk was only 24 percent on Wednesday.
The local currency jumped to $0.8475, matching its August 1990 peak. The Aussie also rose to an 18-month high of 0.6275 euro and a 15-year peak of 102.77 yen. On a trade-weighted basis, the Aussie dollar reached its highest level in more than 20 years, ABN Amro analysts said.
ABN Amro currency strategist Greg Gibbs said the Aussie was likely to grind higher and there was every chance RBA Governor Glenn Stevens could signal, there was a more immediate risk of higher official rates here.

Copyright Reuters, 2007

Comments

Comments are closed.