Trends - banking sectors - Business Recorder

banking sectors

JS Bank records 853% jump in profit in 2023

JS Bank Limited (JSBL) posted massive earnings of Rs10.39 billion ($36.85 million) in 2023, up over 853% from the...

Published 29 Feb, 2024 02:49pm

Business & Finance

Standard Chartered profit jumps 115% in CY23

Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, posted earnings of...

Published 23 Feb, 2024 04:55pm

Business & Finance

Mobilink Bank witnesses 72pc revenue growth

KARACHI: Mobilink Bank achieved multiple financial milestones in 2023, solidifying its position in the banking...

Published 23 Feb, 2024 06:36am

Productivity, export and debt: SBP asks govt to exercise greater prudence

Assessment of macroeconomic dynamics reveals a number of challenges for the banking sector and the repayment capacity of borrowers may come under stress

Updated 08 Jul, 2023 05:14pm

Business & Finance

MCB Bank to conduct Silkbank’s due diligence

The Board of Directors (BoD) at MCB Bank has given its go-ahead to the management to conduct due diligence of...

Published 29 May, 2023 01:45pm

Business & Finance

Inflation fight risks central banks’ credibility and autonomy, BIS warns

LONDON: The credibility and independence of central banks around the world is at risk if stubbornly-high global...

Published 22 May, 2023 06:23am

Business & Finance

Int’l Conference on Managing Pakistan’s Economy: SBP recommends comprehensive reform programme

LAHORE: Economists and researchers discussed their findings and gave suggestions with regard to Pakistan’s banking...

Published 04 May, 2023 04:26am

Budget proposals presented: Steel melting sector highlights challenges

LAHORE: The country’s steel melting industry is in a state of extreme distress as the banking sector remains...

Updated 03 Apr, 2023 08:41am

Business & Finance

Dollar slips as banking sector fears ebb

NEW YORK: The US dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries...

Published 29 Mar, 2023 06:27am

Business & Finance

Banking stress puts US and Europe on watch for credit crunch

WASHINGTON/FRANKFURT: Stress in the banking sector is being closely monitored for its potential to trigger a credit...

Published 27 Mar, 2023 07:30am

Business & Finance

Banking stress brings US closer to recession: Fed’s Kashkari

WASHINGTON: Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US ...

Published 27 Mar, 2023 06:15am

Business & Finance

HBL announces profit before tax of Rs77bn in 2022, up 24% YoY

Bank declares final dividend of Rs1.50 per share, taking total payout for 2022 to Rs6.75

Published 24 Feb, 2023 04:02pm

Business & Finance

Year ended Dec 31, 2022: Allied Bank posts higher markup income of Rs215.469bn

KARACHI: Banking sector of Pakistan remained resilient and performed exceptionally well in 2022 amid tough operating...

Published 21 Feb, 2023 06:51am

Opinion

Redefining Pakistan’s economy

This article is an effort on not only understanding the fundamental economic issues but also some tough but ...

Published 01 Feb, 2023 05:58am

Opinion

State of the economy

The first six months of 2022-23 have witnessed considerable uncertainty about country’s economic prospects. ...

Published 31 Jan, 2023 06:01am

DPC unveils 2nd annual report: 98pc of bank depositors eligible for deposit protection

KARACHI: Some 98 percent of total depositors of banking sector are eligible for their deposit’s protection in case...

Updated 24 Dec, 2022 10:09am

Business & Finance

Persons not appearing on ATL: Commissioners told to enforce collection of higher rates of WHT by banks

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Asim Ahmad Friday directed Chief Commissioners Inland Revenue...

Updated 05 Nov, 2022 11:31am

Govt will borrow over Rs7trn during Q2FY23

KARACHI: In the absence of sufficient foreign inflows, the federal government has enhanced its reliance on borrowing...

Updated 13 Oct, 2022 09:44am

Banking sector: PBA urges FBR not to introduce any additional tax

KARACHI: Pakistan Banks Association (PBA) has urged the Federal Board of Revenue not to impose any additional or new...

Updated 07 Jun, 2022 10:04am

Editorials

Banking sector’s performance

EDITORIAL: The banking sector’s financial health has improved in the three quarters of calendar year 2021, as...

Published 07 Jan, 2022 06:22am

BR Research

Interview with Faisal Shahzad Abbasi, CEO - TPL Life

‘The need and time for traditional life insurance solutions are over now.’ Faisal Shahzad Abbasi is the CEO of...

Published 27 Sep, 2021 07:40am

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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