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Naci Agbal

Turkey’s central bank holds interest rate at 19pc under new chief

ANKARA: Turkey’s central bank on Thursday held its main interest rate at 19 percent in the first decision since...

Updated 16 Apr, 2021 09:53am

Business & Finance

Turkey inflation climbs above 16pc since mid-2019

ISTANBUL: Turkey’s annual inflation climbed above 16% in March for the first time since mid-2019, data showed on...

Published 06 Apr, 2021 04:23am

Markets

Turkish lira plunges nearly 15pc after central bank boss sacked

Agbal was only appointed during an economic team overhaul that Erdogan engineered in November to halt a steep Turkish currency slide.

Published 22 Mar, 2021 05:55pm

Markets

Turkish lira plunges 17% after central bank boss sacked

It later recovered slightly to sit at 8.09.

Published 22 Mar, 2021 10:33am

Erdogan sacks central bank chief after interest rate hike

ISTANBUL: Turkey braced on Saturday for a new spell of financial turbulence after President Recep Tayyip Erdogan...

Published 21 Mar, 2021 04:05am

Business & Finance

Turkish central bank goes ‘above and beyond’ with rate hike to 19pc

ISTANBUL: Turkey’s central bank hiked rates by 200 basis points to 19% on Thursday, twice the market expectation ...

Published 19 Mar, 2021 05:32am

Business & Finance

Turkish lira slides

ISTANBUL: Turkey’s lira skidded nearly 2.3% on Monday and has fallen in 10 of the last 11 sessions as domestic...

Updated 09 Mar, 2021 09:36am

Business & Finance

Rising Turkish inflation puts rate hike option back in focus

ISTANBUL: Turkish inflation rose above 15% in February to levels it last hit in mid-2019, according to data on...

Updated 04 Mar, 2021 09:33am

Business & Finance

In reversal, Turks shed FX holdings for second straight week

ANKARA: Turkish locals have trimmed their holdings of hard currencies for a second straight week to below $233...

Published 15 Feb, 2021 04:53am

Opinion

Turkey’s central bank in no rush to start easing policy

The new governor of Turkey’s central bank, Naci Agbal, said he does not expect it to begin considering cutting...

Published 06 Feb, 2021 04:06am

Business & Finance

Turkish lira jumps

ISTANBUL: Turkey's lira hit its strongest level since August on Friday and cemented its position as the...

Published 06 Feb, 2021 04:06am

Markets

Turkish inflation expected to tick up again in January

The central bank expects inflation to come down to 9.4% by the end of 2021, lower than economists' forecasts.

Published 03 Feb, 2021 11:06am

Business & Finance

Turkey keeps main interest rate at 17pc

ANKARA: Turkey’s central bank on Thursday kept its main interest rate steady at 17 percent after two consecutive...

Published 23 Jan, 2021 03:56am

Business & Finance

Turkish central bank will not use interest rate corridor or sell forex

The central bank's Twitter account quoted him as saying the bank will not buy or sell forex to determine an exchange rate.

Updated 26 Dec, 2020 12:03am

Markets

Turkey's central bank to hike rates another 150 points

This week, Agbal said Turkey will keep monetary policy tight in the new year and hike interest rates further if necessary to achieve a lasting fall in inflation.

Published 18 Dec, 2020 06:32pm

Markets

Turkey central bank to keep policy tight and could hike more, chief says

The lira has hit a series of record lows beyond 8 to the U.S. dollar this year, but has recovered some ground since Agbal was named governor and delivered the rate hike.

Published 16 Dec, 2020 05:34pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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