Trends - Michael Hewson - Business Recorder

Michael Hewson

French shares lag European peers on Sanofi’s dour forecast

PARIS: European shares fell to near seven-month lows on Friday and clocked a second week of losses, with France’s...

Published 28 Oct, 2023 05:58am

Markets

London stocks kick off Q4 lower as rising yields bite

LONDON: London stocks gave up early gains and closed lower on Monday as rising yields pushed equities down, while...

Published 03 Oct, 2023 06:02am

Business & Finance

Sterling rises after retail sales partial recovery

LONDON: Sterling rose on Friday after better-than-expected retail sales for Britain a day after finance minister...

Published 21 Nov, 2022 05:59am

Business & Finance

Weak pound hits two-week low vs euro after oversized ECB hike

LONDON: The British pound hit a two-week low against the euro on Thursday after a larger-than-expected rate hike ...

Published 22 Jul, 2022 06:07am

Markets

Commodities lead FTSE 100 higher

LONDON: Britain’s FTSE 100 rose on Monday lifted by commodity stocks and an upbeat global mood, while shares of...

Published 19 Jul, 2022 06:00am

Markets

Banks, commodity stocks lift European shares

PARIS: European shares rose on Monday, helped by banks and commodity-linked stocks, as investors kept an eye out for...

Published 07 Jun, 2022 05:47am

Markets

FTSE 100 rises as banks gain; windfall tax threatens utilities

LONDON: The UK’s top share index rose on Thursday on the back of gains in banks, but shares of utilities slumped...

Published 27 May, 2022 05:50am

Markets

British stocks slip as budget update fails to soothe nerves

LONDON: UK’s FTSE 100 ended lower on Wednesday as measures unveiled by finance minister Rishi Sunak to ease the...

Published 24 Mar, 2022 05:36am

Business & Finance

Sterling holds at 2-week high after Spring statement

LONDON: Sterling held at a two-week high against the euro and softened slightly against the dollar on Wednesday,...

Published 24 Mar, 2022 05:36am

Markets

Nasdaq ends choppy week higher, as Amazon earnings stall tech rout

NEW YORK: Another bumpy ride ended on Friday with the Nasdaq recovering much of the ground it lost in the previous...

Published 07 Feb, 2022 05:22am

Markets

UK stocks slip

LONDON: British stocks weakened on Friday as investors locked in gains in bank shares, while the prospect of more...

Published 29 Jan, 2022 06:05am

Markets

Gold gains on Moderna CEO's Omicron warning

Gold prices rose on Tuesday after Moderna's chief warned that COVID-19 vaccines are unlikely to be as effective...

Published 30 Nov, 2021 01:01pm

Markets

Europe ends flat

LONDON: European stocks ended flat on Tuesday, with miners, banks and luxury stocks leading declines as optimism ...

Published 15 Sep, 2021 04:19am

Markets

FTSE 100 rises on Barclays boost, weakness in miners cap gains

LONDON: London's FTSE 100 rose on Wednesday, supported by a set of strong corporate earnings led by Barclays,...

Published 29 Jul, 2021 04:48am

Business & Finance

Sterling slips, hovering around $1.39

LONDON: Sterling slipped against a slightly stronger dollar on Tuesday as currency markets were driven by last ...

Published 23 Jun, 2021 04:26am

Markets

Energy stocks, homebuilders boost FTSE 100; DH Smith slumps

Britain's central bank is set to meet later this week to discuss its massive bond-buying program after inflation surged past its 2pc target in May.

Published 22 Jun, 2021 11:19pm

Markets

Inflation fears rout global equity markets

"This is a cutting of the fat," O'Hare said. "It's also a reminder that valuation always matters."

Published 12 May, 2021 10:33am

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

Gold eases in Europe

LONDON: Gold eased on Wednesday after registering its biggest jump in two months in the last session, as higher US...

Published 11 Mar, 2021 05:25am

Markets

European share rally pauses as focus turns to inflation; Kering slips

Overall, analysts expect earnings at STOXX 600 firms to have fallen 19.9% in the fourth quarter, steeper than the 18.2% estimate issued last week, according to Refinitiv data. Still, earnings are expected to rebound nearly 43% in the first quarter.

Published 17 Feb, 2021 03:20pm

Markets

Gold rises in Europe

NEW YORK: Gold rose on Friday as the dollar retreated slightly but was set for its worst weekly dip in four as...

Published 06 Feb, 2021 04:06am

Business & Finance

Sterling rises

LONDON: The British pound rose on Monday to its highest against the euro since May 2020 and came close to recent...

Published 02 Feb, 2021 04:29am

Markets

British vaccines push pound to highest since May against euro

Britain, where some 9 million people have been given their first dose of a vaccine, said it expected its supply of COVID-19 shots would not be interrupted.

Updated 02 Feb, 2021 09:44am

Markets

Gold slips in Europe

LONDON/ROTTERDAM: Gold prices slipped in European trade on Wednesday as the dollar climbed, with investors’ ...

Published 28 Jan, 2021 04:40am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.80
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
India Sensex / Jan 21	75,838.36
Tokyo Nikkei / Jan 21	39,604.71
Nasdaq / Jan 21	19,756.78
Hang Seng / Jan 21	19,872.36
FTSE 100 / Jan 21	8,548.29
Dow Jones / Jan 21	44,025.81
Germany DAX 30 / Jan 21	21,042

Item	Value
Crude Oil USD/Barrel / Jan 21	75.89
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Gold Spot USD/Ounce / Jan 21	2,749.13
Cotton US¢/pound / Jan 21	67.43
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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