AGL 38.50 Increased By ▲ 0.93 (2.48%)
AIRLINK 132.50 No Change ▼ 0.00 (0%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.81 Increased By ▲ 0.04 (1.06%)
DCL 8.65 Decreased By ▼ -0.22 (-2.48%)
DFML 40.80 Decreased By ▼ -0.20 (-0.49%)
DGKC 88.80 Decreased By ▼ -1.36 (-1.51%)
FCCL 35.30 Increased By ▲ 0.22 (0.63%)
FFBL 66.54 Increased By ▲ 0.04 (0.06%)
FFL 10.55 Increased By ▲ 0.40 (3.94%)
HUBC 109.70 Increased By ▲ 3.30 (3.1%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.84 Decreased By ▼ -0.02 (-0.41%)
KOSM 7.08 Increased By ▲ 0.23 (3.36%)
MLCF 42.67 Increased By ▲ 0.87 (2.08%)
NBP 59.50 Increased By ▲ 0.92 (1.57%)
OGDC 184.00 Increased By ▲ 2.75 (1.52%)
PAEL 25.69 Decreased By ▼ -0.01 (-0.04%)
PIBTL 5.90 Increased By ▲ 0.07 (1.2%)
PPL 147.65 Decreased By ▼ -0.75 (-0.51%)
PRL 23.60 Increased By ▲ 0.38 (1.64%)
PTC 16.49 Increased By ▲ 1.25 (8.2%)
SEARL 68.98 Increased By ▲ 0.19 (0.28%)
TELE 7.25 Increased By ▲ 0.01 (0.14%)
TOMCL 36.10 Increased By ▲ 0.10 (0.28%)
TPLP 7.57 Increased By ▲ 0.17 (2.3%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.90 Increased By ▲ 0.05 (0.1%)
UNITY 26.77 Increased By ▲ 0.37 (1.4%)
WTL 1.23 Increased By ▲ 0.02 (1.65%)
BR100 9,808 Increased By 39.7 (0.41%)
BR30 29,809 Increased By 408.8 (1.39%)
KSE100 92,275 Increased By 337.3 (0.37%)
KSE30 28,782 Increased By 38.3 (0.13%)

MOSCOW: The rouble saw a tentative bounce in both Moscow and international FX markets on Thursday after the first formal talks between Russia and Ukraine’s foreign ministers, even though the meeting made no progress on a ceasefire.

At 1350 GMT, the rouble had risen to just over 116 per dollar from an earlier all-time low of 121 on the Moscow Exchange used by major Russian banks. Stock markets there remain shut.

Against the euro it climbed to 121 per euro from as low as 132.4,, while in internatinoal markets such as London where trading is now ringfenced, it was showing at 116 to the dollar and 133 to the euro.

The rouble “opened a bit higher and has held there,” TD Securities’ Head of Emerging Markets Strategy Cristian Maggio said. “But I don’t think we have seen any change in trend.”

“I believe we are set for a long conflict here, which is negative for all assets.”

Comments

Comments are closed.