Trends - interest rate - Business Recorder

interest rate

BoE holds interest rate after inflation rise

LONDON: The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line...

Published 19 Dec, 2024 05:27pm

Business & Finance

Declining risk premiums open the door to global markets: Schehzad

ISLAMABAD: Khurram Schehzad, advisor to finance minister Wednesday said the decline in country risk premiums ...

Published 19 Dec, 2024 08:16am

Business & Finance

Pakistan Tanners Association urges PM to avoid further increase in gas prices

KARACHI: On behalf of entire leather sector of Pakistan, Chairman Pakistan Tanners Association (PTA) Hamid A Zahur...

Published 19 Dec, 2024 07:50am

Pakistan

Govt’s interest payments to decrease by Rs1.5tn in FY25 as policy rate comes down: SBP chief

State Bank of Pakistan (SBP) Governor Jameel Ahmad has said the decline in key policy rate will help the government...

Updated 17 Dec, 2024 09:04pm

Business & Finance

Key interest rate brought down by 200bps to 13pc

KARACHI: With inflation declining in line with its expectations, the Monetary Policy Committee (MPC) of the State...

Published 17 Dec, 2024 06:47am

Business community leaders urge SBP to cut interest rate by 5pc

KARACHI: Business community leaders, including S.M. Tanveer, Zubair Tufail, Faisal Moiz Khan, Mazhar Nisar, Haji...

Updated 16 Dec, 2024 09:33am

Business & Finance

PVMA urges SBP’s MPC to bring down policy rate to single digit

KARACHI: The Pakistan Vanaspati Manufacturers Association (PVMA) has urged the State Bank of Pakistan (SBP) to bring...

Published 15 Dec, 2024 02:50am

Business & Finance

Bank of Canada cuts rates by 50 bps, frets over possible Trump tariffs

OTTAWA: The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday and indicated that...

Published 11 Dec, 2024 09:56pm

Opinion

Interest rate risk on banking books in a declining rate scenario

It goes without saying that a cut in the interest rate by the State Bank of Pakistan has sparked quite some debate ...

Published 09 Dec, 2024 06:43am

Markets

PM credits investor confidence in govt policies as KSE-100 hits 100,000

Prime Minister Shehbaz Sharif on Thursday hailed the unprecedented performance of Pakistan’s stock market, as the...

Updated 28 Nov, 2024 10:42pm

Business & Finance

Bank of England cuts interest rate as inflation slows

LONDON: The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a...

Published 07 Nov, 2024 05:40pm

Markets

China stocks rise ahead of US election

SINGAPORE: China stocks climbed and Hong Kong markets were steady on Monday as traders positioned for a pivotal ...

Published 05 Nov, 2024 03:30am

Business & Finance

Business community terms interest rate cut ‘insufficient’

KARACHI: Business and industrial community have expressed that the policy rate cuts announced by Central Bank in...

Published 05 Nov, 2024 03:30am

Markets

Higher than market consensus: SBP reduces key policy rate by 250bps, takes it to 15%

Most analysts had expected cut of 200bps

Updated 04 Nov, 2024 09:53pm

Business & Finance

PVMA for reduction in interest rate

KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) Chairman, Sheikh Umer Rehan, has strongly urged the...

Updated 03 Nov, 2024 09:49am

World

Fed seen on track for 25-basis-point rate cuts next week and in December

Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a...

Published 01 Nov, 2024 09:03pm

Business & Finance

APTMA urges SBP’s MPC to reduce interest rate by 500bps

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has sought a cut of at least 500 basis points in...

Published 01 Nov, 2024 08:22am

Markets

Fed seen cutting policy rate by 25 bps in Nov, Dec

Federal Reserve policymakers are very likely to go ahead with cutting short-term U.S. borrowing costs by a quarter...

Published 31 Oct, 2024 07:47pm

Business & Finance

Hub Chamber demands cut in interest rate

KARACHI: President of the Hub Chamber of Commerce and Industry Yakoob H Karim, former Presidents Maqsood Ismail and...

Published 31 Oct, 2024 07:34am

Business & Finance

BQATI urges MPC to slash interest rate

KARACHI: Bon Qasim Association of Trade and Industry (BQATI) has called on the Monetary Policy Committee (MPC) to...

Published 28 Oct, 2024 06:21am

Business & Finance

KATI seeks cut in interest rate immediately

KARACHI: Korangi Association of Trade and Industry (KATI) President Junaid Naqi has urged the State Bank and the...

Published 25 Oct, 2024 07:56am

Business & Finance

NKAATI demands to reduce interest rate by 4pc in MP

KARACHI: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKAATI), stated that in...

Published 25 Oct, 2024 07:54am

Business & Finance

200bps cut in key policy rate likely

KARACHI: With the State Bank of Pakistan (SBP) set to hold its Monetary Policy Committee (MPC) meeting on November ...

Published 25 Oct, 2024 06:28am

Business & Finance

Proposed mini-budget rejected: Govt urged to slash power rates by 9pc

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry's top officials, Zakki Ejaz and SM Tanveer,...

Published 18 Oct, 2024 07:43am

Business & Finance

ECB makes back-to-back interest rate cuts as inflation falls

FRANKFURT: The European Central Bank cut interest rates again Thursday, upping the tempo at which it is lowering...

Updated 17 Oct, 2024 06:38pm

Business & Finance

Pakistan needs to finance budget deficit thru external borrowing, non-bank borrowing: study

ISLAMABAD: Pakistan needs to finance the budget deficit through external borrowing and non-bank borrowing as these...

Published 08 Oct, 2024 06:46am

Pakistan

Business leader says JI has transformed into ‘pressure group’

LAHORE: Chairman Supreme Council Anjuman Tajiran Naeem Mir has alleged that Jamaat-e-Islami has transformed into a...

Published 29 Sep, 2024 02:46am

Markets

Japan’s Nikkei books best week since mid-Aug

TOKYO: Japan’s Nikkei share average rose on Friday and logged its best week since mid-August, but gains were ...

Published 21 Sep, 2024 06:43am

Markets

European shares slip but set for weekly gains

PARIS: European shares slipped on Friday after a rally in the previous session spurred by the US Federal Reserve’s...

Published 21 Sep, 2024 06:43am

Business & Finance

Turkish central bank keeps rates steady, alters guidance

ISTANBUL: Turkiye’s central bank held its main interest rate steady at 50% for a sixth straight month on Thursday as...

Updated 19 Sep, 2024 06:16pm

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 23	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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