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Financial markets

Unlocking the potential of stock splits

Corporate actions are important in shaping investor sentiment and activating market activity in the rapidly changing...

Published 29 Jan, 2025 06:46am

Business & Finance

Investors riled by bond market selloff

LONDON: A sharp selloff in some of the world’s biggest government bond markets and a surge in the dollar are...

Published 09 Jan, 2025 06:19am

Supplements

International InsureImpact Conference 2023: Dr Shamshad akhtar, Caretaker Federal Minister for Finance, Revenue, and Economic Affairs

I extend my appreciation to the Securities and Exchange Commission of Pakistan (SECP) for hosting the International...

Published 14 Dec, 2023 05:24am

Primary auction for GDS will also be held on PSX

This follows the change in rules by the Cabinet to enable government debt to be raised from the capital markets in addition to the State Bank of Pakistan

Updated 09 Dec, 2023 04:33pm

FD invites nominations for appointment of ETDB VP

ISLAMABAD: The Finance Division has invited nominations for the appointment of vice president in the Economic...

Updated 21 Oct, 2023 04:50pm

Abhi’s valuation grew to $90m in two years

KARACHI: Pakistan’s financial startup Abhi’s valuation grew to $90 million during the last two years and became one...

Updated 23 Aug, 2023 09:45am

Business & Finance

Beijing may allow foreign financial firms to list in China

SHANGHAI: China will encourage foreign capital to participate in its financial markets and may allow foreign-funded...

Updated 18 Mar, 2023 04:43pm

Business & Finance

ECB raises rates as planned despite banking turmoil

FRANKFURT: The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring...

Published 17 Mar, 2023 07:09am

IMF chief says markets have good reasons to be more upbeat on economy

DUBAI: The head of the International Monetary Fund (IMF) said on Monday that financial markets have good reason to...

Updated 14 Feb, 2023 09:03am

Markets

Asian markets closed

HONG KONG: Financial markets in Australia, China, Hong Kong, Japan, Malaysia, New Zealand, Singapore and Taiwan were...

Published 03 Jan, 2023 03:25am

Stock trading: SECP to introduce category of ‘online-only brokers’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will introduce a new category - ‘online-only...

Updated 20 Nov, 2022 04:17pm

Markets

Defence, oil stocks lift London’s FTSE 100

LONDON: Defence and energy stocks led a recovery in UK’s blue-chip FTSE 100 from near three-week lows on ...

Published 22 Sep, 2022 06:41am

BR Research

IMF – jubilation is muted

After a few months' drama, the IMF is finally back. However, the confidence is not. The economic concerns in the ...

Published 01 Sep, 2022 08:26am

Business & Finance

BoE may reduce gilts by 50-100bn pounds over a year: Bailey

LONDON: Bank of England Governor Andrew Bailey said the central bank was considering reducing its British government...

Published 20 Jul, 2022 05:48am

Markets

Standard Chartered CEO sees shallow and short recession by early 2023

MUMBAI: Standard Chartered Chief Executive Bill Winters expects central banks' fight against surging inflation,...

Updated 08 Jun, 2022 07:54pm

Business & Finance

Pound at 5-week high vs struggling euro

LONDON: The British pound rose against the euro on Thursday as the single currency weakened after the European...

Published 15 Apr, 2022 05:29am

Markets

China's offshore listing rules should reduce market uncertainty

HONG KONG: China's plan to tighten scrutiny over mainland companies' offshore share sales should help reduce the...

Published 25 Dec, 2021 11:34am

BR Research

Fear & Greed: ‘if wishes were horses..’

The monetary policy meeting is scheduled for Tuesday. A mere look at the yield curve implies that the policy rate...

Published 10 Dec, 2021 08:16am

IMF, 10 countries simulate cyber attack on global financial system

OCCUPIED JERUSALEM: Israel on Thursday led a 10-country simulation of a major cyber attack on the global financial...

Updated 10 Dec, 2021 09:54am

Business & Finance

Canadian dollar rallies as air of calm returns to financial markets

TORONTO: The Canadian dollar rebounded against the greenback on Monday as data showed Canada’s current account...

Published 30 Nov, 2021 05:23am

Opinion

Iconic corporate names breaking up in trend to boost value

Three multinational giants — General Electric, Johnson & Johnson and Toshiba...

Published 15 Nov, 2021 04:55am

Business & Finance

BlackRock profit beats estimates though asset growth stalls

NEW YORK: BlackRock Inc topped third-quarter profit estimates helped by robust performance fees and strong demand ...

Published 18 Oct, 2021 04:42am

Markets

Markets volatile as Asian stocks tumble, bitcoin soars

LONDON: Financial markets kicked off the week with fresh volatility on Monday, as Asian stocks tumbled, bitcoin...

Published 27 Jul, 2021 04:40am

Business & Finance

ECB to inspect loans to shadow banks after Greensill, Archegos fiascos

The area has come under sharper scrutiny following the demise this year of supply-chain lender Greensill and Archegos, a family office run by former Tiger Asia manager Bill Hwang.
"What concerns me the most is that sometimes banks themselves don't have visibility on the portfolio of these entities," he said in an interview.

Published 06 May, 2021 05:41pm

Opinion

As small-cap stocks lag, Wall Street worries about broad slowdown

An historic rally in share prices for smaller US companies has slowed sharply in April after six months of strong...

Published 27 Apr, 2021 03:02am

Markets

Hong Kong shares down at break

The Hang Seng Index shed 0.96 percent, or 276.93 points, to 28,623.90.

Published 15 Apr, 2021 11:05am

Markets

Foreigners' share in Russia's OFZ bonds shrinks in March to lowest since 2015

Foreign investors' share of Russian debt has been on decline for months and its slide accelerated recently amid intensified fears of fresh US sanctions against Moscow.
"The largest exodus (of foreign investors) from the Russian market was observed on particular days with increased volatility due to geopolitical risks," the central bank said in a report on financial markets.

Published 12 Apr, 2021 08:49pm

Markets

Dollar on track for third weekly gain after strong US payrolls data

US nonfarm payrolls surge more than 900,000 in March.
Economic optimism, rising yields support dollar.
Dollar index rises in five of last six weeks.

Published 02 Apr, 2021 07:27pm

Business & Finance

Suez attempt to fight Veolia offer breaches takeover rules

In an effort to force Veolia to negotiate, the Suez board has set up a Dutch foundation to prevent the sale of French water assets that its rival would need to divest to win antitrust approval to buy Suez.
Suez also proposed last month to negotiate a takeover if the two companies agreed on the sale of most of Suez's French assets to investment funds Ardian and Global Infrastructure Partners (GIP).

Published 02 Apr, 2021 06:45pm

Markets

Trading volumes in emerging hard-currency debt shrink 11pc in 2020

"The year was marked by the outbreak of Covid-19 leading to a sell-off in the financial markets and the dramatic contraction in economic growth around the globe," EMTA said in a statement.
"The adoption of expansive monetary policies and historically low US Treasury yields later encouraged capital flows into higher-yielding asset classes including EM."

Published 29 Mar, 2021 09:34pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 1	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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