Trends - interest rate hike - Business Recorder

interest rate hike

Interest rates to stay high, dampen growth: IMF

LONDON: The head of the International Monetary Fund said on Wednesday that international cooperation in a divided...

Published 26 Oct, 2023 06:08am

Markets

Copper prices slip as tepid demand, economic woes linger

BEIJING: London copper prices slipped on Friday, as demand concerns and a gloomy global economic outlook offset...

Published 02 Jun, 2023 10:49am

Oil rebounds, but still on track for biggest weekly declines

NEW YORK: Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly...

Updated 10 Dec, 2022 09:59am

Business & Finance

Sterling rises, but set for largest weekly fall in six weeks

LONDON: Sterling rose on Friday but was still set for its largest weekly decline in six weeks after losing 2%...

Published 07 Nov, 2022 05:48am

Markets

Wall Street drops as megacaps weigh amid Fed rate debate

NEW YORK: Wall Street’s main indexes fell on Monday, bogged down by a drop in shares of Apple and other megacaps,...

Published 01 Nov, 2022 05:55am

Markets

Iron ore falls

MANILA: Ferrous futures in top steel producer and exporter China fell on Wednesday, with iron ore hitting a two-week...

Published 22 Sep, 2022 06:23am

Markets

Wall Street posts gains driven by banks, healthcare

NEW YORK: Wall Street’s main indexes posted modest gains on Thursday mainly lifted by financial institutions and...

Published 09 Sep, 2022 06:09am

Business & Finance

Indonesia central bank will not hesitate to hike rate when inflation picks up-gov

NUSA DUA: Indonesia central bank governor Perry Warjiyo said on Sunday when the country’s inflation starts picking...

Published 17 Jul, 2022 10:39am

Fed official signals willingness to hike interest rates full percentage point

Believes US economy can avoid downturn due to strong job market

Updated 15 Jul, 2022 10:40am

Markets

Global stocks mixed as eurozone inflation hits record

NEW YORK: Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, ...

Published 04 Jul, 2022 06:17am

Business & Finance

Credit Suisse scraps negative rates for Swiss private clients

ZURICH: Credit Suisse is scrapping the negative interest rates it has charged wealthy Swiss clients since 2020, the...

Published 30 Jun, 2022 07:46am

Markets

Gold gains as dollar pulls back ahead of Fed verdict

LONDON: Gold prices rose more than 1% on Wednesday helped by a tepid US dollar, as investors braced for a ...

Published 16 Jun, 2022 08:10am

Markets

Gulf bourses end mixed ahead of Fed meeting

DUBAI: Stock markets in the Gulf ended mixed on Wednesday, ahead of a potentially large interest rate hike by the US...

Published 16 Jun, 2022 06:03am

Fed unveils biggest rate hike since 1994

WASHINGTON: The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday...

Updated 16 Jun, 2022 10:01am

Business & Finance

Fed begins meeting with massive hike possible amid price surge

WASHINGTON: US central bankers opened their two-day policy meeting Tuesday amid a blistering inflation surge that ...

Published 15 Jun, 2022 07:26am

Resurging US inflation puts Fed on track for more big rate hikes

WASHINGTON: Red-hot US inflation is showing few signs of cooling, putting the Federal Reserve on track to continue...

Published 13 Jun, 2022 06:19am

Business & Finance

Dollar gains with inflation data on tap, euro falls after ECB

NEW YORK: The dollar index rose Thursday, reversing initial declines while the euro gave up earlier gains after the...

Published 10 Jun, 2022 06:16am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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