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Bank of Canada

Trump, not yet in office, already a figure in global economic policy

WASHINGTON: The world’s economic reckoning with the incoming administration of U.S. President-elect Donald Trump...

Published 19 Dec, 2024 08:23am

Business & Finance

Bank of Canada cuts rates by 50 bps, frets over possible Trump tariffs

OTTAWA: The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday and indicated that...

Published 11 Dec, 2024 09:56pm

Markets

Aussie drops after RBA softens tone; US dollar steady before CPI

TOKYO: The Australian dollar sank towards a four-month low on Tuesday after the central bank softened its tone on...

Published 10 Dec, 2024 09:50am

Markets

Loonie, Aussie in focus while US dollar idles

SINGAPORE: The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings...

Published 09 Dec, 2024 09:52am

Business & Finance

Canada economic growth slows

OTTAWA: Canada’s economic growth slowed in line with expectations to 1.0 percent in the third quarter, the ...

Published 30 Nov, 2024 06:26am

Business & Finance

Bank of Canada head raises prospect of rate cuts as growth fears mount, FT reports

Bank of Canada Governor Tiff Macklem opened the door to increasing the pace of interest rate cuts, the Financial...

Published 15 Sep, 2024 10:13am

Business & Finance

Canadian dollar falls against the greenback

TORONTO: The Canadian dollar weakened to a two-week low against its US counterpart on Friday as oil prices fell and...

Published 09 Sep, 2024 07:25am

Business & Finance

Bank of Canada cuts rates for third time in a row, frets over weak growth

OTTAWA: The Bank of Canada on Wednesday cut its key policy rate by 25 basis points to 4.25% as forecast but...

Published 04 Sep, 2024 09:07pm

Business & Finance

Canadian dollar posts longest losing streak in six years

TORONTO: The Canadian dollar weakened for an eighth straight day against its US counterpart on Friday as oil prices...

Published 29 Jul, 2024 06:37am

Markets

Nikkei little changed ahead of key US data

TOKYO: Japan’s Nikkei share average was little changed on Friday as investors sought further direction from a key...

Published 08 Jun, 2024 07:00am

Markets

Euro steadies ahead of ECB decision, dollar dips

SINGAPORE: The euro firmed a touch on Thursday ahead of a policy decision from the European Central Bank (ECB) where...

Published 06 Jun, 2024 09:58am

Markets

TSX falls near 1% as traders dial back rate cut expectations

Canada’s main stock index fell nearly 1% on Wednesday after the Bank of Canada (BoC) ruled out rate cuts until there...

Published 10 Apr, 2024 08:17pm

Business & Finance

Bank of Canada: can’t cut rates until it sees more inflation progress

OTTAWA: The Bank of Canada (BoC) kept its key interest rate unchanged at a near 23-year high of 5% on Wednesday and...

Published 10 Apr, 2024 07:58pm

Business & Finance

Bank of Canada keeps rates on hold, says too early to consider a cut

OTTAWA: The Bank of Canada (BoC) kept its key overnight rate steady at 5% on Wednesday as expected and said it was...

Published 06 Mar, 2024 09:07pm

Business & Finance

Economists pilloried for getting forecasts wrong

PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global...

Updated 04 Feb, 2024 10:10pm

Business & Finance

Dollar touches 2-week high, euro weaker

NEW YORK: The US dollar touched a two-week high on Wednesday, while the euro was weak across the board as markets...

Published 07 Dec, 2023 04:35am

Business & Finance

US dollar gains as risk sentiment sours

NEW YORK: The US dollar edged higher against a basket of currencies on Wednesday, as investors’ appetite for...

Published 26 Oct, 2023 06:08am

Markets

J.P.Morgan, Goldman Sachs expect Canada central bank to hold rates next week

J.P.Morgan and Goldman Sachs now expect the Bank of Canada to keep policy rates unchanged at 5% for the second...

Published 18 Oct, 2023 12:19pm

Markets

TSX futures flat on rate hike jitters, lower copper prices

Futures for Canada's resource-heavy main stock index were subdued on Thursday as concerns over rising interest rates...

Published 29 Jun, 2023 05:00pm

Markets

India’s central bank holds rates, as expected

MUMBAI: India’s central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as...

Published 08 Jun, 2023 10:21am

Business & Finance

Bank of Canada hikes rates to 4.75%, highest in 22 years

OTTAWA: The Bank of Canada on Wednesday hiked its key overnight benchmark rate to 4.75%, the highest level in 22...

Published 07 Jun, 2023 07:48pm

Markets

Asian shares extend global rally, oil rises after Saudi cuts

SYDNEY: Most Asian stock markets extended a global rally on Monday on optimism the Federal Reserve would pause its...

Published 05 Jun, 2023 09:40am

Markets

Yen drops, dollar on defensive as central banks seek to reassure markets

TOKYO: Currency markets showed some cautious optimism after global authorities moved to stem contagion from a...

Published 20 Mar, 2023 10:09am

Business & Finance

Canada economy stalls in 2022 fourth quarter

OTTAWA: Canada’s economy stalled at the end of 2022 with zero growth, the government statistical agency said...

Published 06 Mar, 2023 07:36am

Markets

Dollar near eight-month low ahead of central bank meetings

SINGAPORE: The dollar lolled near an eight-month low against its peers on Thursday, as a gloomy US corporate...

Published 26 Jan, 2023 09:14am

Markets

TSX pares weekly gain as investors brace for further rate hikes

TORONTO: Canada’s main stock index fell on Friday, including declines for financials and technology, as investors...

Published 05 Dec, 2022 05:47am

Markets

New Zealand central bank review says monetary tightening should have started earlier

WELLINGTON: The New Zealand central bank’s dramatic easing in monetary policy was largely warranted over the...

Published 10 Nov, 2022 09:36am

Business & Finance

Indian rupee posts weekly rise

MUMBAI: The Indian rupee was little changed against the dollar on Friday, but posted a weekly rise on bets that the...

Published 31 Oct, 2022 05:55am

Markets

Indian rupee seen sharply higher on bets may Fed dial back rate-hike pace

MUMBAI: The Indian rupee is expected to open higher against the dollar on Thursday, after the US currency plunged on...

Published 27 Oct, 2022 10:09am

Business & Finance

Bank of Canada surprises with 50 bps hike, says slight recession possible

OTTAWA: The Bank of Canada announced a smaller-than-expected interest rate hike on Wednesday and said it was getting...

Published 26 Oct, 2022 08:25pm

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 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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