Trends - EMERGING MARKETS - Business Recorder

EMERGING MARKETS

Bond vigilantes and inversion anxiety

One of Wall Street’s enduring lessons, “inverted yield curves don’t always predict recessions, but all...

Updated 05 Oct, 2023 06:45am

Opinion

Rewiring the investment model

Pakistan’s Investment to GDP ratio has remained stubbornly low compared to other emerging markets for many years....

Published 02 Aug, 2023 06:47am

‘World Bank needs new playbook to boost private investment in emerging markets’

WASHINGTON: The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in...

Updated 12 Jun, 2023 08:40am

Opinion

Debt – a source of rising concern

During the ongoing World Bank/International Monetary Fund (IMF) spring annual meeting Gita Gopinath, the First ...

Published 17 Apr, 2023 06:41am

Editorials

Desperate wake-up call

EDITORIAL: A report by the Boston University Global Development Policy Centre about the extreme debt burden on...

Published 12 Apr, 2023 06:11am

Business & Finance

Western climate subsidies risk hitting emerging markets: IMF

DAVOS, (Switzerland): The head of the IMF warned Friday that Western subsidies to combat climate change and ...

Published 21 Jan, 2023 06:46am

World

Western climate subsidies to hit emerging markets: IMF

DAVOS: The head of the IMF warned Friday that Western subsidies to combat climate change and encourage the...

Published 20 Jan, 2023 05:05pm

Business & Finance

Lack of investment in climate-related steps to cost emerging markets dearly: report

KARACHI: Failure to invest the bare minimum needed to withstand projected climate damage could cost emerging markets...

Published 18 Jan, 2023 06:22am

Markets

Emerging markets better equipped to deal with Fed rate hike cycle: S&P

LONDON: Financing conditions have tightened for emerging markets both domestically and externally but they are ...

Published 17 Feb, 2022 05:46pm

Business & Finance

Record low Turkish lira teeters on edge as rate cuts sting

ANKARA: Turkey’s lira fell as much as 3.7% to a new intraday record low of 10.45 to the dollar on Tuesday,...

Published 18 Nov, 2021 03:58am

Business & Finance

Back to the 'smaller pond': MSCI to downgrade Pakistan to Frontier Market

MSCI announces that it will reclassify the Pakistan Indexes from Emerging Markets to Frontier Markets in one step, coinciding with the November 2021 Semi-Annual Index Review

Updated 08 Sep, 2021 10:42am

Markets

Brazil's real plunges as unemployment soars, set for best month in 2021

Real jumps 4% in April, best month since November.
Unemployment in Brazil soars to record highs.
Mexican economy grows 0.4% in 1st quarter, beats expectations.

Published 30 Apr, 2021 08:47pm

Markets

Brazil's real jumps to two-month high; Fed in focus

Brazil's consumer confidence jumps in April.
Mexico's economy likely slowed during the first quarter – poll.

Published 28 Apr, 2021 09:05pm

Markets

Mexican peso rises; Peru's sol set for worst week in 28 years

Socialism jitters hit sol.
Brazil's real best weekly performer.
MSCI Latam FX set for 1.7% weekly gain.

Published 23 Apr, 2021 07:48pm

Markets

Brazil's real surges on iron ore prospects, catchup trade

Peruvian sol extends losses to a fifth straight session.
Mexican inflation more than expected, peso flat.

Published 22 Apr, 2021 08:24pm

Markets

Brazil's real lags Latam FX as budget woes, COVID concerns mount

Latam FX still up for the week.
Brazil budget deficits seen for next three years.
Chile's peso best weekly performer, up 1.7%.

Published 16 Apr, 2021 07:47pm

Markets

Latam FX dips; Peruvian sol set for best week in 20 yrs ahead of polls

Sol set to add nearly 4% this week.
Brazil's real leads losses for the day.
Stocks fall in early trade, but on track for weekly gains.

Published 09 Apr, 2021 08:41pm

World

Norway wealth fund should invest in fewer companies, government says

To cut number of firms in reference index by up to 30%.
Says easier to follow up companies with fewer companies in.
To exclude new emerging markets for now, including Saudi.

Published 09 Apr, 2021 06:43pm

Markets

Latam FX rises as dollar pressure eases, Argentine peso falls

Brazil's real leads gains as inflation increases.
Argentine peso the sole loser.
Latam stocks up in early trade.

Published 05 Apr, 2021 07:41pm

Markets

Mexican peso at 2-week high, real slides on pandemic woes

Mexican peso trades at 2-week high.
Brazil detects new virus variant.
Most Latam stock markets closed on Thurs.

Published 01 Apr, 2021 09:11pm

Opinion

Proposed SBP law under the spotlight

To some commentators, the proposed reinforcement of State Bank of Pakistan (SBP) powers appears to be appropriate; ...

Published 01 Apr, 2021 04:10am

Markets

Brazil's real eyes longest losing streak since October

Real slides for fifth straight session.
Oil jump boosts Mexico, Colombia FX.
Colombia c.bank seen holding rates.

Published 26 Mar, 2021 09:36pm

Markets

Dollar buoyant as economic outlook brightens

Dollar holds gains against major currencies.
Rises to highest vs. Japanese yen since June.

Published 26 Mar, 2021 09:34pm

Markets

Brazil's real, Turkish lira rise after rate hikes; other EM FX fall

Real jumps as much as 1.7%; c.bank hikes by 75 bps.
Mexican peso slips from one-month highs; GDP shrinks in Feb.
Russian rouble resumes slide after Putin responds to Biden.
Brazilian carrier Gol drops; says Q1 will be worse than expected.

Published 18 Mar, 2021 09:59pm

Markets

Brazil, South Africa finances at risk from domestic debt market volatility: S&P

Domestic debt markets is where we're more concerned about the impact of rising yields.
Several emerging markets already had very significant fiscal weaknesses before the COVID-19 pandemic and we expect their debt ratios to rise over the next years and if the cost of funding is going up we could see even worse debt trajectories in Brazil and South Africa.

Published 12 Mar, 2021 09:42pm

Markets

Troubles at Petrobras weigh on Bovespa; Mexican peso extends deep freeze slide

Petrobras shares slide 5% as CEO resists pressure to resign.
Mexican peso down for 5th straight day; set for 2% weekly loss.
Mexico's government readying ~$5 bln Pemex lifeline –source.

Published 19 Feb, 2021 08:54pm

Markets

EMERGING MARKETS-Asian stocks slip on virus case surge; ringgit weakens

Thailand's 10-year government bond yields are down 4 basis points at 1.22%.

Published 15 Dec, 2020 12:12pm

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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