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BofA

OPEC+ cuts, firm demand in Asia to lift Brent above $100/bbl by year-end: BofA

OPEC+ maintaining current supply cuts through year-end coupled with a positive demand backdrop in Asia could push...

Published 13 Sep, 2023 05:05pm

Business & Finance

Investors optimistic on global growth but China real estate top worry: BofA survey

LONDON: China’s real estate sector is the most likely source of a global systemic credit event, according to Bank of...

Published 12 Sep, 2023 05:06pm

Business & Finance

BofA asks Fed to clarify stress test results

NEW YORK: Bank of America Corp (BofA) said on Monday it had begun a dialogue with the Federal Reserve to understand...

Published 04 Jul, 2023 05:07am

Business & Finance

Bank of America profit rises as it cashes in on higher interest rates

Bank of America Corp’s profit rose in the first quarter as it earned more from customers’ interest payments while...

Published 18 Apr, 2023 04:29pm

Business & Finance

BofA profit beats estimates as higher rates bolster interest income

Bank of America Corp reported a bigger-than-expected fourth-quarter profit on Friday, helped by a surge in net...

Published 13 Jan, 2023 06:36pm

Markets

Wall Street Week Ahead: Stumbling Treasury rally clouds bond market outlook for 2023

NEW YORK: US government bond investors hurting after the biggest annual decline in the history of the asset class ...

Published 02 Jan, 2023 05:54am

Markets

Wall Street Week Ahead: Inflation data, midterm elections loom for struggling US stock rally

NEW YORK: A sputtering US stock rally faces a double-dose of potentially market moving events next week: US midterm...

Published 07 Nov, 2022 05:49am

Opinion

US junk bond investors face tough choice as yields spike

A sell-off in the US junk bond market is presenting investors with a buying opportunity but some are holding back,...

Updated 28 Oct, 2022 06:19am

World

US economy has 40% chance of being in recession next year: BofA

NEW YORK: BofA Securities economists see roughly a 40% chance of a US recession next year, with inflation remaining...

Updated 17 Jun, 2022 09:48pm

Markets

Brent could push past $150/bbl if Russian oil exports shrink: Bank of America

Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil...

Published 27 May, 2022 04:49pm

Markets

Oil could jump by $20 if Ukraine crisis worsens, says BofA

Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine...

Published 22 Feb, 2022 07:15pm

Markets

Shares in record-setting spree as Fed meeting looms

In the face of the strong dollar, spot gold was down slightly at $1,862.21 per ounce.

Published 15 Jun, 2021 02:24pm

Markets

Dollar perched at 3-1/2 month highs on firmer US yields

After falling 4% in the last quarter of 2020, the dollar has strengthened by nearly 2.5% year-to-date as investors expect the broad rise in US bond yields to weigh on stretched equity valuations and boost demand for the US currency.
The dollar index stood at 92.30 against a basket of six major currencies, up 0.4%, its highest level since late-November.

Published 08 Mar, 2021 06:27pm

Markets

New era of volatility begins, but equity inflows continue: BofA

LONDON: Investors poured billions of dollars into high-flying stocks even as the ongoing bond market rout led to...

Published 08 Mar, 2021 05:45am

Markets

Turkish economy grew 2.3% in 2020 despite pandemic

"Indicators still show growing demand for manufacturing despite COVID-19 restrictions," BofA added.

Published 01 Mar, 2021 12:28pm

Business & Finance

Tech and financials boost $46.2bn flows into global equity funds: BofA

The data, collected by EPFR before a rise in US real-yields triggered a global stock market correction on Thursday, also showed bond funds attracted $7.1 billion in a 16th straight week of inflows and Treasury Inflation-Protected Securities (TIPS) added $1.3 billion.
Meanwhile investors pulled $5.5 billion out of cash and withdrew $500 million from gold funds.

Published 26 Feb, 2021 07:26pm

Business & Finance

BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

The bank now expects Brent crude oil to average $60 per barrel in 2021, up from a previous estimate of $50. BofA also forecasts West Texas Intermediate (WTI) crude prices to average $57 a barrel this year.
Brent prices could temporarily spike to $70 a barrel in the second quarter of the year, the bank's analysts said in a note.

Published 23 Feb, 2021 07:01pm

Markets

Wall Street week ahead: GameStop frenzy reveals potential for broader market stress

NEW YORK: As the trading frenzy in GameStop Corp shares and other social media favourites recedes, investors are...

Published 08 Feb, 2021 03:46am

Markets

Asia shares look to China for recovery lead, earnings in focus

The Canadian dollar eased to $1.2731 on reports Biden would cancel a permit for the Keystone XL pipeline as one of his first acts in office.

Published 19 Jan, 2021 11:05am

Markets

Wall Street cautious on 'frothy' stocks, warn bitcoin bubble

BofA's latest weekly fund flow data on Friday reflected some of that sentiment with investors storming into money markets and gold funds while pulling some money out of emerging markets.
Still, US stocks stood out with $10 billion inflows.

Published 08 Jan, 2021 06:22pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.80
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
India Sensex / Jan 21	75,838.36
Tokyo Nikkei / Jan 21	39,604.71
Nasdaq / Jan 21	19,756.78
Hang Seng / Jan 21	19,872.36
FTSE 100 / Jan 21	8,548.29
Dow Jones / Jan 21	44,025.81
Germany DAX 30 / Jan 21	21,042

Item	Value
Crude Oil USD/Barrel / Jan 21	75.89
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Gold Spot USD/Ounce / Jan 21	2,749.13
Cotton US¢/pound / Jan 21	67.43
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Pak Agro Pack. (GEM) / Jan 22 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.95 ▲ 0.85 (10.49%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)
Calcorp Ltd / Jan 22 Calcorp Limited(CASH)	36.20 ▲ 3.20 (9.70%)
Tri-Star Power / Jan 22 Tri-Star Power Limited(TSPL)	6.60 ▲ 0.58 (9.63%)
Popular Islamic / Jan 22 Popular Islamic Modaraba(PIM)	12.59 ▲ 1.06 (9.19%)
Shadman Cotton / Jan 22 Shadman Cotton Mills Limited(SHCM)	34.70 ▲ 2.90 (9.12%)
Flying Cement / Jan 22 Flying Cement Company Limited(FLYNG)	27.09 ▲ 2.05 (8.19%)
Sanghar Sugar / Jan 22 Sanghar Sugar Mills Limited(SANSM)	24.90 ▲ 1.85 (8.03%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.11 ▼ -0.89 (-14.83%)
Equity Modaraba / Jan 22 First Equity Modaraba(FEM)	3.14 ▼ -0.40 (-11.30%)
Kohinoor Ind. / Jan 22 Kohinoor Industries Limited(KOIL)	7.86 ▼ -0.92 (-10.48%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.71 ▼ -6.19 (-10.00%)
Dewan Textile / Jan 22 Dewan Textile Mills Limited(DWTM)	7.28 ▼ -0.78 (-9.68%)
Sindh Abadgar / Jan 22 Sindh Abadgar's Sugar Mills Limited(SASML)	37.11 ▼ -3.89 (-9.49%)
Supernet Tech. / Jan 22 Supernet Technologies Limited(STL)	848.10 ▼ -78.81 (-8.50%)
Faisal Sp. / Jan 22 Faisal Spinning Mills Limited(FASM)	340.03 ▼ -29.87 (-8.08%)
Suhail Jute / Jan 22 Suhail Jute Mills Limited(SUHJ)	105 ▼ -8.47 (-7.46%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▼ -0.06
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.03
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	64,227,770 ▼ -0.04
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	53,698,225 ▲ 1.31
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 2.74
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.03
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 0.29
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▼ -0.03
B.O.Punjab / Jan 22 The Bank of Punjab(BOP)	14,838,637 ▼ -0.10

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