Trends - currency - Business Recorder

currency

Currency—Is competitive devaluation warranted?

The PKR has been slightly appreciating for the past fifteen months, and it’s hovering around 277-288 levels against...

Updated 27 Dec, 2024 10:51am

BR Research

Policy rate cut: caution beyond this point

Doves are in control at SBP. A 250 bps rate cut has been announced, slightly exceeding market expectations. Some...

Published 05 Nov, 2024 09:11am

BR Research

Currency outlook

The IMF’s latest country report has a special focus on external account assessment within its emphasis on the...

Published 15 May, 2024 08:52am

BR Research

MPS: Stay put in March

The monetary policy meeting is on Monday, March 18, 2024 and analysts are divided on where they will be, some...

Updated 15 Mar, 2024 04:58pm

Business & Finance

Illegal currency business thriving in the garb of real estate deals

LAHORE: Illegal foreign currency business is thriving under the garb of real estate deals, said sources from the...

Published 31 Jan, 2024 05:22am

BR Research

MPS: A prudent decision

SBP has maintained the policy rate at 22 percent. It’s a wise decision. SBP expects inflation to taper off in the...

Published 13 Dec, 2023 09:11am

BR Research

Currency – the pendulum swing

PKR’s slow and steady appreciation continues in the interbank market, as PKR/USD has reached 290 from 307 in 16...

Updated 26 Sep, 2023 09:00pm

Markets

Inter-bank market: rupee settles at new low against US dollar

Currency depreciates 0.21% to close at 299.64 against US dollar in inter-bank

Updated 23 Aug, 2023 07:48pm

BR Research

Crisis of confidence

The currency touched its lowest value yesterday. PKR/USD closed at 299 and is all set to cross the psychological...

Updated 23 Aug, 2023 10:30am

BR Research

Currency: Aftershocks to the system

The currency is slipping again. There is pressure on the currency for the last few working days in the open market...

Published 16 Aug, 2023 08:35am

BR Research

MARI shines in FY23

FY23 has been a year of high prices, which meant growth in oil and gas E&P sector earnings. And then the local...

Published 11 Aug, 2023 08:26am

Pakistan’s imports of Russian crude face port, refinery, currency constraints

KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite...

Updated 01 Aug, 2023 08:56am

Markets

Open-market: rupee has quietly strengthened to 293-295 against US dollar

Gain has reduced its gap with rates in the inter-bank market

Updated 15 Jun, 2023 06:47pm

Markets

Rupee claws back some ground, settles at 287.18 against US dollar

Currency appreciates 0.28% in inter-bank market

Updated 14 Jun, 2023 10:08pm

BR Research

Debt disorder

SBP has kept the policy rate unchanged at 21 percent. It was as per market expectations. SBP expects, so does the...

Published 13 Jun, 2023 07:54am

Markets

Rupee slips lower, settles at 286.93 against US dollar

Currency depreciates 0.04% in inter-bank market

Updated 09 Jun, 2023 08:07pm

BR Research

MPS: No good news

The monetary policy meeting is due on Monday (12th June). The market is expecting no change, based on a few surveys...

Published 08 Jun, 2023 07:54am

Markets

Inter-bank market: rupee falls, settles at 286.19 against US dollar

Currency depreciates 0.18% on Monday

Updated 05 Jun, 2023 07:37pm

Markets

Open market: US dollar regains some lost ground against rupee as foreign currency 'shortage persists'

Currency dealers say greenback is still in short supply, 'quote' exchange rate in the range of 298-303

Updated 03 Jun, 2023 12:35am

Markets

IMF is baulking probably due to political unrest in Pakistan, says Bloomberg

Heightened political uncertainty in Pakistan is “probably one of the reasons” the International Monetary Fund (IMF)...

Updated 19 May, 2023 06:07pm

Markets

3rd successive decline: rupee settles at 285.82 against US dollar

Depreciates 0.07% in inter-bank market on Friday

Updated 19 May, 2023 07:04pm

Markets

Inter-bank: rupee sustains losses, settles at 285.4 against US dollar

Currency depreciates 0.16% on Wednesday

Updated 17 May, 2023 05:18pm

Markets

Rupee inches marginally higher, settles at 283.88 against US dollar

Currency appreciates 0.01% in inter-bank market

Updated 04 May, 2023 10:18am

BR Research

OGDC – highest every quarterly earnings!

The oil and gas exploration and production sector has been enjoying high crude oil prices that have kept the...

Published 03 May, 2023 08:46am

Markets

Rupee remains largely stable against US dollar in post-Eid session

Currency appreciates 0.03% in inter-bank market

Updated 26 Apr, 2023 08:21pm

Markets

Rupee claws back further ground, settles at 284.4 against US dollar

Currency appreciates 0.18% in the inter-bank market

Updated 14 Apr, 2023 06:31pm

Markets

Rupee plunges to new all-time low against US dollar

Currency closes at 288.43 in inter-bank market

Updated 11 Apr, 2023 07:24pm

Markets

Rupee falls slightly against US dollar

Local currency recovered during early hours

Updated 07 Apr, 2023 11:29pm

Markets

Rupee hits fresh all-time low, settles at 287.85 against US dollar

Currency loses Re0.56 against the US dollar in inter-bank market

Updated 05 Apr, 2023 06:32pm

BR Research

Oil sales continue downhill

Petroleum demand has been coming down as a result of rising prices, a depreciating currency, and economic hardships...

Published 04 Apr, 2023 09:23am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 24	280.43
USD PKR Interbank Buying / Mar 24	280.23
USD to Japanese Yen / Mar 24	149.74
USD to Swiss Franc / Mar 24	0.88
Pound Sterling to USD / Mar 24	1.29
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 20	4.96

Stock	Volume
S&P 500 / Mar 21	5,667.56
Nasdaq / Mar 21	17,784.05
Dow Jones / Mar 21	41,985.35
India Sensex / Mar 24	77,793.05
Tokyo Nikkei / Mar 24	37,670.65
Hang Seng / Mar 24	23,618.98
FTSE 100 / Mar 24	8,686.12
Germany DAX 30 / Mar 24	23,046.22
France CAC40 / Mar 24	8,081.33

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	17,285
Gold 10 Grams PKR / Mar 21	273,319
Petrol/Litre / Mar 24	255.63
Crude Oil USD/Barrel / Mar 24	68.22
Gold Spot USD/Ounce / Mar 24	3,018.34
Diesel/Litre / Mar 24	258.64
Cotton US¢/pound / Mar 24	64.92

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Mar 24 Security Investment Bank Limited(SIBL)	7.99 ▲ 1 (14.31%)
Jubilee Spinning / Mar 24 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.81 ▲ 1 (10.19%)
Saritow Spinning / Mar 24 Saritow Spinning Mills Limited(SSML)	19.88 ▲ 1.81 (10.02%)
Diamond Ind. / Mar 24 Diamond Industries Limited(DIIL)	30.76 ▲ 2.8 (10.01%)
Crescent Fib. / Mar 24 Crescent Fibres Limited(CFL)	45.72 ▲ 4.16 (10.01%)
Bela Auto / Mar 24 Bela Automotives Limited(BELA)	183.56 ▲ 16.69 (10%)
East West Ins. / Mar 24 East West Insurance Company Limited(EWIC)	63.02 ▲ 5.73 (10%)
Crescent Cotton / Mar 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5 (10%)
Al-Khair Gadoon / Mar 24 Al-Khair Gadoon Limited(AKGL)	45.10 ▲ 4.1 (10%)
Imperial Limited / Mar 24 Imperial Limited(IML)	18.70 ▲ 1.7 (10%)

Stock	Price
Jubile Life InsXD / Mar 24 Jubilee Life Insurance Company Limited(JLICL)	148.10 ▼ -19.22 (-11.49%)
Pakgen Power / Mar 24 Pakgen Power Limited(PKGP)	112.97 ▼ -12.55 (-10%)
Bunnys Limited / Mar 24 Bunnys Limited(BNL)	20.85 ▼ -2.31 (-9.97%)
TPL Life Insur. / Mar 24 TPL Life Insurance Limited(TPLL)	60.76 ▼ -6.66 (-9.88%)
JS Global Banking / Mar 24 JS Global Banking Sector (ETF)(JSGBETF)	18.30 ▼ -2 (-9.85%)
Baba Farid Sugar / Mar 24 Baba Farid Sugar Mills Limited(BAFS)	48.01 ▼ -5.12 (-9.64%)
Cherat Cement / Mar 24 Cherat Cement Company Limited(CHCC)	251.99 ▼ -25.37 (-9.15%)
Shadman Cotton / Mar 24 Shadman Cotton Mills Limited(SHCM)	27.04 ▼ -2.66 (-8.96%)
The Thal Ind.Corp. / Mar 24 The Thal Industries Corporation Limited(TICL)	300.34 ▼ -26.63 (-8.14%)
Noon Sugar / Mar 24 Noon Sugar Mills Limited(NONS)	73.15 ▼ -6.42 (-8.07%)

Stock	Volume
Cnergyico PK / Mar 24 Cnergyico PK Limited(CNERGY)	49,087,352 ▼ -0.04
Pak Elektron / Mar 24 Pak Elektron Limited(PAEL)	28,618,034 ▼ -2.68
Pak Refinery / Mar 24 Pakistan Refinery Limited(PRL)	27,365,824 ▼ -1.29
Fauji Foods Ltd / Mar 24 Fauji Foods Limited(FFL)	26,352,530 ▼ -0.31
B.O.Punjab / Mar 24 The Bank of Punjab(BOP)	18,341,994 ▼ -0.17
TRG Pak Ltd / Mar 24 TRG Pakistan Limited(TRG)	15,522,190 ▲ 1.89
Sui South Gas / Mar 24 Sui Southern Gas Company Limited(SSGC)	14,112,978 ▼ -0.86
Pak Int.Bulk / Mar 24 Pakistan International Bulk Terminal(PIBTL)	11,162,195 ▲ 0.13
WorldCall Telecom / Mar 24 Worldcall Telecom Limited(WTL)	10,676,385 ▼ -0.03
K-Electric Ltd. / Mar 24 K-Electric Limited(KEL)	10,144,462 ▼ -0.09

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