Trends - lira vs dollar - Business Recorder

lira vs dollar

Turkey’s lira tumbles to weakest since December 2021

ISTANBUL: The Turkish lira weakened to 17.579 against the dollar on Tuesday, as the strong US unit and concerns over...

Published 20 Jul, 2022 05:48am

Business & Finance

Turkey’s lira drops as traders, govt seek new foothold

ANKARA: Turkey’s lira tumbled more than 2% on Wednesday as worries grew over a surge in inflation and depleted...

Published 09 Jun, 2022 06:18am

Business & Finance

Turkish lira extends slide; CDS back at 2008 levels

ISTANBUL: The lira dipped for the seventh straight session on Friday and a key CDS measure of risk for Turkish ...

Published 14 May, 2022 04:05am

Business & Finance

Turkish lira rebounds

ISTANBUL: The lira rebounded from an earlier slump to rally 1.5% on Friday, benefiting along with other emerging...

Published 12 Mar, 2022 04:08am

Business & Finance

Turkey’s lira slides 5pc; cenbank says it will monitor forex risks

ISTANBUL: The Turkish lira weakened for the third consecutive day on Wednesday, tumbling 5.6% and eating further ...

Published 30 Dec, 2021 04:40am

Business & Finance

Turkey’s president hails steps to help depositors, as lira steadies

ANKARA: Measures to protect Turkish lira bank deposits from depreciation amid a currency crisis have achieved their...

Published 23 Dec, 2021 04:23am

Business & Finance

Lira plunges again

ISTANBUL: Turkey’s troubled lira nosedived after President Recep Tayyip Erdogan cited Islamic teachings to justify...

Published 21 Dec, 2021 04:14am

Markets

Turkish central bank again stops lira from sliding to record

ANKARA: Turkey's lira edged near to its record low on Friday, triggering direct central bank intervention selling...

Updated 03 Dec, 2021 04:05pm

Business & Finance

Turkish lira rebounds from record low despite policy worries

ISTANBUL: Turkey’s lira recovered as much as 7% on Wednesday from a historic slide to record lows a day earlier...

Published 25 Nov, 2021 03:53am

Business & Finance

Turkish lira hits new depths near 10 to the dollar

ISTANBUL: The Turkish lira continued its dive into uncharted territory on Thursday, touching a new low of 9.975 to...

Published 12 Nov, 2021 04:46am

Markets

Turkish lira weaker ahead of central bank inflation report

ISTANBUL: Turkey's lira traded weaker against the dollar on Thursday ahead of the central bank's quarterly inflation...

Published 28 Oct, 2021 12:11pm

Markets

Turkish lira hits new low

ISTANBUL: Turkey’s currency sank to all-time lows on Wednesday after President Tayyip Erdogan said he had urged ...

Published 03 Jun, 2021 04:13am

Business & Finance

Turkish lira weakens

ISTANBUL: Turkey’s lira weakened some 0.7% on Tuesday to beyond 8.45 against dollar, its weakest in over a week....

Published 26 May, 2021 03:45am

Markets

Turkish lira weakens 0.6% after central bank deputy removed

The currency plunged after the central bank governor was removed in a surprise move last week.

Published 30 Mar, 2021 01:01pm

Markets

Turkish banks restructured $4.3bn in 1.5 years

The Turkish Banking Association said on Monday.

Published 29 Mar, 2021 02:28pm

Business & Finance

Dollar dominates, lira slides in Europe

LONDON: The US dollar held near a four-month high on Monday as rising US Treasury yields fuelled demand for the...

Updated 23 Mar, 2021 05:14pm

Business & Finance

Early trade in New York: Dollar slips; lira tanks

NEW YORK: The US dollar slipped from four-month highs against a basket of currencies on Monday, following a small ...

Updated 23 Mar, 2021 05:14pm

Business & Finance

Russian rouble dives towards 75 against dollar on sanctions risk, lira slump

MOSCOW: The Russian rouble tumbled towards 75 against the dollar in volatile trade on Monday, touching a more than...

Updated 23 Mar, 2021 05:14pm

Business & Finance

Moody's says Turkish central bank overhaul could hit capital inflows, lira, inflation

Moody's added that that the central bank may reduce the policy rate to below the level of inflation to push growth under new Governor Sahap Kavcioglu, who shares the same dovish views as Erdogan. Such steps, it said, could lead to higher imports and a larger current account deficit.

Published 22 Mar, 2021 08:38pm

Markets

Dollar dominates as hedge funds cut shorts on Treasury yield rise

Turkey's shock weekend decision to replace its hawkish central bank governor also supported the dollar's safe-haven appeal.
Markets have been slow to catch on to the rising dollar theme in recent weeks as investors had bet that a global economic recovery would prompt buying of riskier currencies.

Updated 22 Mar, 2021 06:29pm

Markets

Turkish lira hit by central bank sacking, yen and dollar gain

The yen rose against the euro and the antipodean currencies on speculation that Japanese investors who have been buying the lira recently for its high rates will cut losses and close out their positions.

Published 22 Mar, 2021 11:41am

Business & Finance

Turkish cenbank hikes rates more than expected to 19pc

The key one-week repo rate is the highest of any big economy and it is back to levels last touched in mid-2019. It had stood at 17% since December after aggressive monetary tightening last year.
The central bank has now tightened policy by 875 basis points since Erdogan appointed Agbal in November, when the lira touched a record low. It had rallied 20% after the appointment.

Published 18 Mar, 2021 06:12pm

Business & Finance

Turkish net FX reserves climb to $13.93bn

The exchange rate used by Reuters on Thursday was 7.1924 compared to 6.9527 the previous week.
The reserves plunged last year as state banks sold off an estimated total of $130 billion to stabilise the ailing lira, which still lost 20% of its value in 2020.

Published 04 Mar, 2021 05:59pm

Markets

Turkish lira weakens 1.5pc against dollar

The lira weakened as far as 7.4540 against the US currency from a close of 7.3425 on Tuesday and stood at 7.4320 at 1400 GMT. After strong gains until mid-February, the lira has retreated back to end-2020 levels.

Published 03 Mar, 2021 07:44pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Petrol/Litre / Jan 22	256.13
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Diesel/Litre / Jan 22	260.95

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)
Flying Cement / Jan 22 Flying Cement Company Limited(FLYNG)	27.54 ▲ 2.50 (9.98%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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