AIRLINK 189.47 Increased By ▲ 4.78 (2.59%)
BOP 12.75 Decreased By ▼ -0.03 (-0.23%)
CNERGY 7.64 Decreased By ▼ -0.17 (-2.18%)
FCCL 40.45 Decreased By ▼ -0.39 (-0.95%)
FFL 15.02 Decreased By ▼ -0.16 (-1.05%)
FLYNG 27.80 Increased By ▲ 0.86 (3.19%)
HUBC 132.60 Increased By ▲ 1.53 (1.17%)
HUMNL 13.44 Decreased By ▼ -0.38 (-2.75%)
KEL 4.50 Decreased By ▼ -0.01 (-0.22%)
KOSM 6.07 Decreased By ▼ -0.07 (-1.14%)
MLCF 51.42 Increased By ▲ 0.19 (0.37%)
OGDC 211.98 Decreased By ▼ -0.13 (-0.06%)
PACE 6.18 Decreased By ▼ -0.11 (-1.75%)
PAEL 42.15 Decreased By ▼ -0.40 (-0.94%)
PIAHCLA 16.35 Decreased By ▼ -0.16 (-0.97%)
PIBTL 9.27 Increased By ▲ 0.33 (3.69%)
POWER 11.18 Increased By ▲ 0.08 (0.72%)
PPL 174.25 Decreased By ▼ -0.75 (-0.43%)
PRL 34.90 Increased By ▲ 0.17 (0.49%)
PTC 23.85 Decreased By ▼ -0.09 (-0.38%)
SEARL 93.18 Decreased By ▼ -1.24 (-1.31%)
SILK 1.11 Decreased By ▼ -0.03 (-2.63%)
SSGC 33.05 Decreased By ▼ -0.06 (-0.18%)
SYM 16.30 Decreased By ▼ -0.81 (-4.73%)
TELE 8.18 Decreased By ▼ -0.07 (-0.85%)
TPLP 11.15 Decreased By ▼ -0.30 (-2.62%)
TRG 60.80 Increased By ▲ 0.55 (0.91%)
WAVESAPP 11.38 Decreased By ▼ -0.01 (-0.09%)
WTL 1.40 Decreased By ▼ -0.05 (-3.45%)
YOUW 3.81 Decreased By ▼ -0.12 (-3.05%)
AIRLINK 189.47 Increased By ▲ 4.78 (2.59%)
BOP 12.75 Decreased By ▼ -0.03 (-0.23%)
CNERGY 7.64 Decreased By ▼ -0.17 (-2.18%)
FCCL 40.45 Decreased By ▼ -0.39 (-0.95%)
FFL 15.02 Decreased By ▼ -0.16 (-1.05%)
FLYNG 27.80 Increased By ▲ 0.86 (3.19%)
HUBC 132.60 Increased By ▲ 1.53 (1.17%)
HUMNL 13.44 Decreased By ▼ -0.38 (-2.75%)
KEL 4.50 Decreased By ▼ -0.01 (-0.22%)
KOSM 6.07 Decreased By ▼ -0.07 (-1.14%)
MLCF 51.42 Increased By ▲ 0.19 (0.37%)
OGDC 211.98 Decreased By ▼ -0.13 (-0.06%)
PACE 6.18 Decreased By ▼ -0.11 (-1.75%)
PAEL 42.15 Decreased By ▼ -0.40 (-0.94%)
PIAHCLA 16.35 Decreased By ▼ -0.16 (-0.97%)
PIBTL 9.27 Increased By ▲ 0.33 (3.69%)
POWER 11.18 Increased By ▲ 0.08 (0.72%)
PPL 174.25 Decreased By ▼ -0.75 (-0.43%)
PRL 34.90 Increased By ▲ 0.17 (0.49%)
PTC 23.85 Decreased By ▼ -0.09 (-0.38%)
SEARL 93.18 Decreased By ▼ -1.24 (-1.31%)
SILK 1.11 Decreased By ▼ -0.03 (-2.63%)
SSGC 33.05 Decreased By ▼ -0.06 (-0.18%)
SYM 16.30 Decreased By ▼ -0.81 (-4.73%)
TELE 8.18 Decreased By ▼ -0.07 (-0.85%)
TPLP 11.15 Decreased By ▼ -0.30 (-2.62%)
TRG 60.80 Increased By ▲ 0.55 (0.91%)
WAVESAPP 11.38 Decreased By ▼ -0.01 (-0.09%)
WTL 1.40 Decreased By ▼ -0.05 (-3.45%)
YOUW 3.81 Decreased By ▼ -0.12 (-3.05%)
BR100 11,934 Increased By 13.1 (0.11%)
BR30 35,786 Decreased By -21.8 (-0.06%)
KSE100 113,972 Increased By 187.7 (0.16%)
KSE30 35,432 Increased By 44.4 (0.13%)

JOHANNESBURG: South Africa’s rand gained on Friday, lifted by stronger precious metal prices and the local central bank’s hawkish tone at a monetary policy announcement a day earlier.

At 0825 GMT, the rand traded at 18.56 against the dollar, about 0.3% stronger than its previous close.

Some of the boost came from gold prices hitting a record high on Friday, as South Africa is a major producer of the precious metal.

The South African Reserve Bank (SARB) trimmed interest rates as expected on Thursday, but its statement placed emphasis on the uncertain global backdrop and the bank said it had modelled the potential impact of a trade war.

South African rand firms ahead of Trump inauguration

Some analysts believe the SARB’s rate-cutting cycle could be over given its cautious stance.

On the Johannesburg Stock Exchange, the Top-40 index was last up 0.2%.

The benchmark 2030 government bond slipped, with the yield up 6 basis points to 9.065%.

Comments

200 characters