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Fed

Gold rebounds from one-month low after Fed’s hawkish signal

NEW YORK: Gold prices gained on Thursday, rebounding from a one-month low, as the market digested the US Federal...

Published 20 Dec, 2024 02:43am

Markets

Wall St bounces back after Fed’s hawkish cut triggers sell-off

NEW YORK: Wall Street’s main indexes gained some ground on Thursday, a day after the Federal Reserve’s...

Published 20 Dec, 2024 02:43am

Markets

Tech sector supports European shares ahead of Fed decision

NEW YORK: European share indices closed up on Wednesday, boosted by technology stocks and French automaker Renault,...

Published 19 Dec, 2024 05:57am

Markets

Most Gulf markets muted ahead of Fed decision

DUBAI: Most stock markets in the Gulf ended lower on Sunday as investors awaited clues on the future path for...

Published 16 Dec, 2024 06:08am

Markets

Gold prices slightly up on Fed rate optimism

NEW YORK: Gold prices edged higher on Tuesday, as recovering expectations of a US rate cut in December weighed on ...

Published 04 Dec, 2024 03:14am

Markets

Most Gulf bourses fall on Fed’s rate-cut caution

DUBAI: Most stock markets in the Gulf ended lower on Monday, hurt by concerns that the US Federal Reserve would slow...

Published 19 Nov, 2024 06:34am

Markets

Most Gulf markets fall on Fed rate cut concerns

DUBAI: Most Gulf stock markets fell on Sunday after U.S economic data and comments from Federal Reserve officials...

Published 18 Nov, 2024 02:54am

Business & Finance

Fed’s Kashkari says broad-based deportations could disrupt labor for some businesses

WASHINGTON: Widespread deportation of foreign-born workers would probably cause some disruption to businesses but...

Published 10 Nov, 2024 10:46pm

Business & Finance

Dollar slips before Fed rate decision

NEW YORK: The dollar fell on Wednesday before the Federal Reserve is expected to cut rates by 25 basis points, while...

Published 08 Nov, 2024 06:41am

Markets

Gold oscillates as stronger US dollar limits upside

NEW YORK: Gold seesawed within a narrow range on Tuesday, restrained by a strong dollar, with geopolitical and...

Published 16 Oct, 2024 06:58am

Business & Finance

Fed terminates 2013 money-laundering enforcement action against Citigroup

WASHINGTON: The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed...

Published 02 Oct, 2024 06:19am

Markets

Oil ends week higher as investors take stock of Fed rate cuts

HOUSTON: Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a ...

Published 22 Sep, 2024 02:47am

Markets

Gulf markets in black after central banks cut rates

DUBAI: Most stock markets in the Gulf ended higher on Thursday, after most central banks in the region cut their key...

Published 20 Sep, 2024 06:10am

Business & Finance

Fed expected to announce its first interest rate cut since 2020

WASHINGTON: The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on...

Published 16 Sep, 2024 06:08am

World

Fed seen cutting policy rate by 25 bps next week

WASHINGTON: US central bankers will likely start long-awaited interest-rate cuts next week with a...

Published 12 Sep, 2024 03:48am

Markets

Most Gulf markets retreat as Fed uncertainty persists

DUBAI: Most stock markets in the Gulf ended lower on Monday as investors exercised caution ahead of key US ...

Published 10 Sep, 2024 06:32am

Fed mortgage bond holdings play ‘central’ policy rule, paper says

NEW YORK: Federal Reserve holdings of mortgage bonds play a “central” role in how monetary policy affects the...

Updated 25 Aug, 2024 09:54am

Markets

Most Gulf markets gain on positive data

DUBAI: Stock markets in the Middle East ended higher on Sunday, boosted by positive economic data the previous week...

Published 12 Aug, 2024 06:36am

US inflation still ‘uncomfortably’ high: Fed official

WASHINGTON: US inflation remains “uncomfortably” above the Federal Reserve’s target despite the progress it has made...

Updated 11 Aug, 2024 09:27am

Markets

Mideast markets rebound as Fed calms investor nerves

DUBAI: Most stock markets in the Middle East rebounded on Tuesday, clawing back some of their losses from the...

Published 07 Aug, 2024 05:38am

Business & Finance

Fed under pressure to cut rates as market turmoil continues

WASHINGTON: The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates...

Published 07 Aug, 2024 05:37am

Business & Finance

Fed could open the door to a September rate cut this week

WASHINGTON: The US Federal Reserve may signal this week that interest rate cuts are on the way — although it is...

Published 29 Jul, 2024 06:37am

Opinion

FED on transfer of immoveable property

“Accordingly CVT was abolished through the Finance Act 2010 as charge and levy of CVT became a provincial subject....

Updated 12 Jul, 2024 08:55am

Markets

China shares end lower; Fed rate cut bets buoy HK stocks

SHANGHAI: Mainland China stocks ended lower on Thursday, dragged by property shares, while Hong Kong shares rose...

Published 05 Jul, 2024 03:17am

BR Research

Cement: Stronger together

Expectedly, the Budget 2024-25 raised more indirect taxes, of which raising FED on cement is only one of the many...

Published 26 Jun, 2024 07:36am

Business & Finance

Fed’s Kashkari says it’s ‘reasonable’ to predict December rate cut

NEW YORK: Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction”...

Published 17 Jun, 2024 05:30am

Business & Finance

Dollar gains on hawkish Fed

NEW YORK: The dollar gained on Thursday despite a soft US producer price inflation report for May, after the Federal...

Published 14 Jun, 2024 06:31am

Pakistan

Exemptions withdrawn: Rs1.8trn new taxation measures unveiled

ISLAMABAD: The government has announced new taxation/enforcement measures of nearly Rs 1,800 billion through...

Published 13 Jun, 2024 03:32am

World

Fed leaves rates unchanged, sees just one cut in 2024 despite inflation progress

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to...

Published 13 Jun, 2024 12:08am

Business & Finance

Asian currencies: Indonesian rupiah at lowest level in 4 years

BENGALURU: Emerging Asian markets were finely balanced on Tuesday as traders awaited the release of US inflation ...

Published 12 Jun, 2024 06:51am

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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