Trends - global economic recovery

global economic recovery

Moody’s downgrades outlook on China credit rating over debt fears

BEIJING: Ratings agency Moody’s on Tuesday downgraded the outlook on China’s credit rating to “negative” ...

Published 06 Dec, 2023 04:27am

Business & Finance

China’s March trade growth likely slowed

BEIJING: China’s export growth likely slowed in March as the Ukraine war inhibited global demand, while imports...

Published 14 Apr, 2022 04:55am

Business & Finance

IMF chief warns of ‘significant economic risk’ from Ukraine conflict

WASHINGTON: IMF Managing Director Kristalina Georgieva on Thursday warned the conflict in Ukraine will have...

Published 25 Feb, 2022 06:19am

World

China shrugs off IMF warnings on zero-tolerance Covid approach

BEIJING: Beijing shrugged off IMF warnings about the economic impact of its aggressive anti-Covid policy, saying on...

Published 27 Jan, 2022 04:05am

Markets

Stock markets rise on Omicron optimism

PARIS: Stock markets rose on Tuesday as investors appeared confident that the Omicron coronavirus variant will not...

Published 28 Dec, 2021 05:19pm

Markets

Copper falls as global energy crisis spooks markets

LONDON: Copper prices fell on Tuesday as soaring energy costs raised concerns that the global economic recovery ...

Published 13 Oct, 2021 04:47am

PM steps up anti-stolen wealth drive

Imran Khan addresses the World Leaders Summit Dialogue organised by the United Nations Conference on Trade and Development

Updated 06 Oct, 2021 09:54am

WTO says goods trade surging past pre-pandemic level

GENEVA: A resurgence of global economic activity has lifted merchandise trade above its pre-pandemic peak, the World...

Updated 05 Oct, 2021 09:36am

Markets

Rubber futures higher

TOKYO: Japanese rubber futures finished higher on Friday, recording their biggest weekly gain in more than five...

Published 05 Aug, 2021 04:34am

Markets

Tokyo rubber at five-month high on demand hopes

SINGAPORE: Japanese rubber futures finished higher on Friday, recording their biggest weekly gain in more than five...

Published 01 Aug, 2021 04:46am

World

US current account deficit rises to 14-year high in the first quarter

The Commerce Department said on Wednesday the current account deficit, which measures the flow of goods, services and investments into and out of the country, rose 11.8% to $195.7 billion last quarter.

Published 23 Jun, 2021 07:14pm

Business & Finance

Greater pricing power to help Canadian exporters withstand loonie surge

TORONTO: A stronger Canadian dollar is usually seen hurting exporters, but the nature of the global economic ...

Published 12 Jun, 2021 05:04am

Markets

Stocks rise as traders shrug off inflation spike

Data released Thursday showed the US inflation rate at its highest level in 13 years, but the S&P 500 still finished the day's trading at a record.

Updated 11 Jun, 2021 07:43pm

Markets

Asian markets rally as inflation fears ease

Hong Kong jumped 1.8 percent, Shanghai climbed more than two percent, while Sydney put on one percent with Jakarta and Taipei up even more.

Published 25 May, 2021 04:47pm

Business & Finance

Early trade in NY: Dollar hangs near 4-month lows

NEW YORK: The dollar languished near four-month lows against major currencies on Monday as bets on a robust global...

Published 25 May, 2021 04:40am

Business & Finance

Dollar broadly down in Europe

LONDON: The dollar was pinned near three-month lows against a basket of major currencies on Monday, as bets on a...

Published 25 May, 2021 04:40am

Markets

Dollar stuck near 3-month lows, bitcoin struggles

The dollar index hovered around the 90 mark, broadly flat on the day and close to a three-month low of 89.646 hit on Friday.

Published 24 May, 2021 02:22pm

Oil demand drops as virus surges: IEA

PARIS: Oil demand dropped last month as the coronavirus surged in India and elsewhere, the IEA said Wednesday, in a...

Published 13 May, 2021 03:10am

Markets

Oil prices set for weekly gain despite India virus surge

NEW YORK: Oil prices were little changed on Friday as the COVID-19 crisis in India worsened but prices were set for ...

Published 08 May, 2021 03:30am

Markets

US Treasury yields edge higher, day after hefty fall

Ten-year Treasury yields fell more than 10 basis points on Thursday, the biggest one-day move down since early-November, Yields touched a low of 1.5280% -- well off 14-month highs hit recently above 1.77%.
On Friday, yields rose again to 1.56%, up 3.5 basis points on the day but still down eight bps from where the market opened on Thursday.

Published 16 Apr, 2021 05:37pm

Markets

Gold prices fall in Asia

SINGAPORE: Gold prices fell in Asian trade on Monday as a stronger US dollar and hopes for a swift global economic...

Published 30 Mar, 2021 05:45am

Markets

Major Gulf markets gain as Suez Canal jam continues

DUBAI: Major stock markets in the Gulf ended higher on Sunday, as investors shrugged off the Suez Canal jam on hopes...

Published 29 Mar, 2021 06:05am

World

IMF sees signs of stronger global recovery, but significant risks remain

IMF First Deputy Managing Director Geoffrey Okamoto said that in early April the Fund would update its January forecast for global growth of 5.5% to reflect additional fiscal stimulus spending in the United States, but gave no details.

Published 20 Mar, 2021 10:09pm

Markets

Most Gulf markets up; Egypt’s shares ease

DUBAI: Most Gulf markets ended higher on Tuesday, tracking global shares, as investors anticipated the US Federal...

Published 17 Mar, 2021 04:45am

Markets

European stocks rise on recovery hopes

Milan added 0.7 percent despite the re-imposition of lockdown restrictions in most of Italy to curb a new virus outbreak.

Published 15 Mar, 2021 06:08pm

Markets

Oil dips after surge in US crude inventories

NEW YORK: Oil prices fell on Wednesday after a large jump in US crude inventories in the aftermath of last month’s...

Published 11 Mar, 2021 05:25am

Business & Finance

UK shares rise

LONDON: London's FTSE 100 rose on Tuesday, reversing early losses as investors piled into energy and industrials...

Published 10 Mar, 2021 04:59am

Markets

European shares drop

ROTTERDAM: European shares fell 1% on Monday as hopes of a vaccine-led global economic recovery fuelled a rally in...

Published 23 Feb, 2021 05:20am

Markets

South Africa's rand retreats as global risk demand declines

After having made considerable gains over the course of the month thus far, a combination of factors saw the rand retreat.
Both as it failed to make any headway beyond the support at 14.40 and on talk by an international bank suggesting that any long rand positions be squared out to its clients.

Published 17 Feb, 2021 09:14pm

Markets

Copper touches fresh peak near 2012 highs

LONDON: Copper prices briefly touched their highest level since 2012 on Tuesday, extending a bull run driven by...

Published 17 Feb, 2021 04:24am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 29	278.93
USD PKR Interbank Buying / Jan 29	278.73
USD to Japanese Yen / Jan 29	155.27
USD to Swiss Franc / Jan 29	0.90
Pound Sterling to USD / Jan 29	1.25
Euro to USD / Jan 29	1.04

Stock	Volume
S&P 500 / Jan 28	6,067.70
Nasdaq / Jan 28	19,733.59
Dow Jones / Jan 28	44,850.35
India Sensex / Jan 29	76,280.68
Tokyo Nikkei / Jan 29	39,346.10
Hang Seng / Jan 29	20,225.11
FTSE 100 / Jan 29	8,526.69
Germany DAX 30 / Jan 29	21,503.20

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 28	18,485
Gold 10 Grams PKR / Jan 28	247,560.80
Crude Oil USD/Barrel / Jan 29	73.75
Gold Spot USD/Ounce / Jan 29	2,761.08
Cotton US¢/pound / Jan 29	67.12
Petrol/Litre / Jan 30	256.13

Gainers
Losers
Leaders

Stock	Price
Waves Home Appliances / Jan 29 Waves Home Appliances Limited(WAVESAPP)	11.63 ▲ 1.06 (10.03%)
Redco Textile / Jan 29 Redco Textiles Limited(REDCO)	19.97 ▲ 1.82 (10.03%)
Jauharabad Sug / Jan 29 Jauharabad Sugar Mills Limited(JSML)	21.84 ▲ 1.99 (10.03%)
Saritow Spinning / Jan 29 Saritow Spinning Mills Limited(SSML)	14.81 ▲ 1.35 (10.03%)
Leather Up Ltd. / Jan 29 Leather Up Limited(LEUL)	44.41 ▲ 4.04 (10.01%)
Fateh Sports / Jan 29 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10%)
Supernet Ltd. / Jan 29 Supernet Limited (GEM)(GEMSPNL)	19.80 ▲ 1.8 (10%)
Sanghar Sugar / Jan 29 Sanghar Sugar Mills Limited(SANSM)	30.69 ▲ 2.79 (10%)
Shahmurad Sugar / Jan 29 Shahmurad Sugar Mills Limited(SHSML)	398.70 ▲ 36.25 (10%)

Stock	Price
D.S. Ind. Ltd. / Jan 29 D.S. Industries Limited(DSIL)	4.51 ▼ -0.85 (-15.86%)
Tariq Corp.Pref. / Jan 29 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
PICIC Ins.Ltd. / Jan 29 PICIC Insurance Limited(PIL)	2.25 ▼ -0.32 (-12.45%)
Punjab Mod / Jan 29 First Punjab Modaraba(FPJM)	2.60 ▼ -0.33 (-11.26%)
National Silk / Jan 29 The National Silk & Rayon Mills Limited(NSRM)	49.29 ▼ -5.48 (-10.01%)
Blessed Tex. / Jan 29 Blessed Textiles Limited(BTL)	306 ▼ -34 (-10%)
Shahtaj Sugar / Jan 29 Shahtaj Sugar Mills Limited(SHJS)	111.67 ▼ -12.41 (-10%)
Crescent Steel / Jan 29 Crescent Steel & Allied Products Limited(CSAP)	112.88 ▼ -12.54 (-10%)
Suhail Jute / Jan 29 Suhail Jute Mills Limited(SUHJ)	82.02 ▼ -8.63 (-9.52%)

Stock	Volume
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	67,917,203 ▼ -0.01
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	31,182,412 ▲ 0.14
Sui South Gas / Jan 29 Sui Southern Gas Company Limited(SSGC)	29,454,322 ▼ -1.6
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	29,207,516 ▲ 0.11
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	26,339,311 ▼ -0.04
Citi Pharma Ltd / Jan 29 Citi Pharma Ltd.(CPHL)	26,038,104 ▼ -0.81
Dewan Motors / Jan 29 Dewan Farooque Motors Limited(DFML)	24,645,415 ▲ 3.11
Fauji Cement / Jan 29 Fauji Cement Company Limited(FCCL)	18,743,736 ▼ -0.97
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	14,546,524 ▼ -0.55

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