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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 / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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