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Fitch Ratings

Fitch upgrades Wapda’s IDR to ‘CCC+’

ISLAMABAD: Fitch Ratings has upgraded Water and Power Development Authority (Wapda)’s Long-Term Foreign Currency...

Updated 07 Aug, 2024 09:14am

Pakistan

Cannot defer reform agenda anymore, says Aurangzeb

Finance minister says state-owned insurance companies should also be handed over to private sector

Updated 01 Aug, 2024 09:34pm

Pakistan

Fitch upgrades Pakistan rating to ‘CCC+’

Upgrade reflects greater certainty over continued availability of external funding, says credit rating agency

Updated 29 Jul, 2024 07:43pm

Despite Rs2.5tr expected surplus profit from SBP: ‘Fiscal space’ continues to elude Pakistan

KARACHI: Despite the government estimating a surplus profit from the State Bank of Pakistan (SBP) at a record Rs2.5...

Updated 25 Jul, 2024 11:38pm

Business & Finance

India must strengthen manufacturing to create jobs, Fitch analyst says

MUMBAI: India needs to strengthen its manufacturing sector to create jobs in the economy and facilitate its...

Published 24 Jul, 2024 06:56am

Business & Finance

Fitch Ratings told: Over 0.15m retailers registered as new taxpayers: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday said more than 150,000 retailers have been registered as...

Published 23 Jul, 2024 06:34am

Markets

Banking sector leads the way as KSE-100 gains nearly 2,100 points to settle at record high

Benchmark index closes at 78,802 after 2.73% gain on Thursday, has been on winning run since budget announcement

Updated 20 Jun, 2024 08:57pm

Business & Finance

Budget strengthens IMF programme prospects: Fitch

ISLAMABAD: Pakistan’s ambitious fiscal year 2025 budget strengthens prospects for an International Monetary Fund...

Published 20 Jun, 2024 06:01am

Pakistan

Fitch Ratings says Pakistan’s ‘ambitious’ budget strengthens IMF deal prospects

Believes tight policy settings may depress growth more than the government expects, reduces growth forecast to 3% for FY25

Updated 19 Jun, 2024 10:06pm

Business & Finance

Fitch Ratings raises India’s 2024/25 GDP forecast to 7.2%

MUMBAI: India is expected to grow by 7.2% in the current fiscal year, stronger than earlier expected, with its...

Published 18 Jun, 2024 10:57am

Markets

Election outcome in Pakistan ‘may complicate’ new IMF deal: Fitch

Pakistan’s vulnerable external position means securing financing from multilateral and bilateral partners will be 'one of the most urgent issues on the agenda for the next government'

Updated 19 Feb, 2024 10:25pm

Markets

UAE markets track oil price lower

DUBAI: Stock exchanges in the United Arab Emirates declined on Friday, tracking oil prices on the prospect that oil...

Published 27 Jan, 2024 06:20am

Business & Finance

Fitch maintains foreign currency IDR rating at CCC

ISLAMABAD: Fitch rating agency maintained Pakistan’s long-term foreign-currency issuer default rating (IDR) at...

Published 14 Dec, 2023 05:24am

Pakistan

‘High external funding risks’: Fitch maintains Pakistan’s rating at CCC

Notes there are risks pertaining to policy implementation as parties across the political spectrum have extensive record of failing to implement or reversing reforms agreed with the IMF

Updated 13 Dec, 2023 05:56pm

Business & Finance

Fitch upgrades Oman to BB+ on improved public finances

DUBAI: Fitch Ratings upgraded Oman’s credit rating to BB+ on Monday from BB, on the back of a decline in the Gulf...

Published 25 Sep, 2023 08:06pm

Markets

US credit downgrade ‘entirely unwarranted’: Yellen

MCLEAN: A US credit downgrade by Fitch was “entirely unwarranted,” Treasury Secretary Janet Yellen said Wednesday,...

Updated 03 Aug, 2023 02:47pm

Markets

Oil rises as Saudi Arabia extends cuts again

LONDON: Oil prices jumped on Thursday after Saudi Arabia extended its voluntary one million barrel per day output...

Updated 03 Aug, 2023 09:31pm

Business & Finance

Fitch cuts US credit rating to AA+

WASHINGTON: Rating agency Fitch on Tuesday downgraded the US government’s top credit rating, a move that drew an...

Published 03 Aug, 2023 05:54am

Business & Finance

Fitch upgrades Wapda’s rating

ISLAMABAD: Fitch Ratings has upgraded Pakistan Water and Power Development Authority’s Long-Term Foreign-Currency...

Updated 20 Jul, 2023 08:39am

Markets

Saudi Arabia’s $2bn: KSE-100 rallies to over 45,000 for the first time since April 2022

Volumes soar as KSE-100 ends with another 1.28% gain on Tuesday

Updated 11 Jul, 2023 05:40pm

Fitch upgrades rating on improved external liquidity

ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC”...

Updated 11 Jul, 2023 09:02am

Markets

Fitch upgrades Pakistan to ‘CCC’ after IMF deal

Long-Term Foreign-Currency Issuer Default Rating (IDR) improved due to 'Pakistan's improved external liquidity and funding conditions following staff-level agreement'

Updated 10 Jul, 2023 06:41pm

Markets

Fitch does not ‘expect large further devaluation of Pakistani rupee’: report

Cash-strapped Pakistan is unlikely to devalue its currency again as pressure on the rupee has eased, Fitch Ratings,...

Updated 10 Jun, 2023 07:35pm

Opinion

Govt on course to wind things up

A politician looks up to the next election while a statesman’s vision extends beyond the welfare of the next two...

Updated 13 May, 2023 06:25am

Business & Finance

May-June period: Country faces $3.7bn debt repayments: Fitch

WASHINGTON: As the government struggles to secure a bailout from the International Monetary Fund (IMF), Fitch ...

Published 06 May, 2023 06:23am

Business & Finance

Fitch says contagion risks loom over two Adani entities

Ratings agency Fitch said two Adani Group subsidiaries are exposed to “heightened contagion risks”, possibly...

Published 29 Mar, 2023 12:02pm

Business & Finance

Indian corporates likely to see 10%-12% capex growth in FY24: Fitch

MUMBAI: The rising capital expenditure (capex) trend of Indian corporates is likely to continue and grow at 10%-12%...

Published 28 Mar, 2023 03:15pm

Fitch further downgrades long-term foreign currency IDR to ‘CCC-’

ISLAMABAD: Fitch Ratings has downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC-”,...

Updated 15 Feb, 2023 09:04am

Pakistan

Fitch Ratings downgrades Pakistan’s foreign-currency IDR to ‘CCC-’

Says default or debt restructuring is an increasingly real possibility

Updated 14 Feb, 2023 07:39pm

Business & Finance

Fitch says no immediate impact on Adani ratings after Hindenburg report

Ratings agency Fitch said on Friday it saw no immediate impact on its ratings of Adani Group entities and their...

Published 03 Feb, 2023 02:01pm

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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