Trends - rand vs dollar - Business Recorder

rand vs dollar

South African rand firms as dollar retreats ahead of US inflation data

JOHANNESBURG: South African rand firmed on Wednesday, as the dollar weakened on global markets with investors...

Published 11 Jan, 2023 08:51pm

Markets

South African rand sinks to 3-month low, bonds drop on violent protests

Rand suffers sharpest two day decline since late February.
Sovereign yields spike in local, dollar-denominated bonds.
Credit default swaps jump to near-two month high.
Stocks defy global rally, dragged lower by property, retail.

Updated 13 Jul, 2021 09:58pm

Markets

South African rand dips as markets await US Fed meeting

Rand traded at 13.8050 against the dollar, 0.2% weaker than its previous close.
South African financial markets will be closed for a public holiday on Wednesday when the Fed statement will be released.

Updated 15 Jun, 2021 08:46pm

Markets

South Africa's rand rallies to near 18-month peak, stocks rise

Rand was 0.21% firmer at 13.9400 against the dollar, trading at its strongest levels since late December 2019.
"The combination of higher domestic yields and falling FX volatility is making the rand more attractive as a carry currency."

Published 21 May, 2021 09:21pm

Business & Finance

South Africa's Standard Bank commits to publish fossil fuel lending reduction targets

Sectors like oil, gas and coal accounted for 4% of Standard Bank's total lending and commitments in Dec. 2019, totalling around 67.4 billion rand ($4.85 billion).
"We're deeply committed to supporting inclusive and sustainable development," Tshabalala said in a statement.

Published 21 May, 2021 09:00pm

Markets

South Africa's rand firmer as Fed fears ease

"Traders may prefer to sit on their hands until after the SARB provides fresh insights into its assessment of prevailing economic conditions and prospective monetary policy."

Published 18 May, 2021 08:57pm

Markets

South Africa's rand holds gains as dollar slips

Rand traded at 14.5600 against the US dollar, largely unchanged from its previous close. The currency hit a five-week high of 14.5250 on Monday.
In fixed income, the yield on the benchmark government bond due in 2030 was down 3 basis points at 9.535% in early deals.

Published 06 Apr, 2021 11:47am

Markets

South Africa's rand recovers, stocks rise

The domestic currency will remain erratic, swinging rapidly both stronger and weaker, as global market events continue to impact its direction.
Stocks surged on Monday extending a massive gain seen on Friday as hopes of a faster local economic recovery added on to positive global cues.

Published 29 Mar, 2021 09:32pm

Markets

EM FX on longest losing run this year, rand eases after central bank decision

South African central bank holds rate as expected.
MSCI emerging market currency index slips to two-week low.
Developing world stocks hit lowest level so far in 2021.

Published 25 Mar, 2021 08:19pm

Markets

South African rand retreats from post-Fed rally, stocks edge up

The SARB has most likely reached the end of its lowering cycle and will start moving towards a hiking cycle, albeit only from next year onwards.
The slow vaccination roll-out programme, which raises the concern of a third wave of Covid-19 infections, and more intensive electricity outages remain the biggest downside risk to the economy over the short term.

Published 18 Mar, 2021 09:52pm

Markets

South Africa's rand steadies as Fed verdict looms, stocks fall

"Today's FOMC meeting is perhaps the most crucial in the last six months," RMB analyst Nema Ramkhelawan-Bhana said in a note.
"For markets, the most important outcome relates to the Fed's view on rising treasury yields. It is the uncertainty surrounding these issues that has engendered mixed trade on international markets."

Published 17 Mar, 2021 08:45pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 30	278.58
USD PKR Interbank Buying / Dec 30	278.43
USD to Japanese Yen / Dec 30	157.92
USD to Swiss Franc / Dec 30	0.90
Pound Sterling to USD / Dec 30	1.26
Euro to USD / Dec 30	1.04

Stock	Volume
S&P 500 / Dec 27	5,970.84
Nasdaq / Dec 27	19,238.48
Dow Jones / Dec 27	42,992.21
India Sensex / Dec 30	78,209.98
Tokyo Nikkei / Dec 30	39,894.54
Hang Seng / Dec 30	20,041.42
FTSE 100 / Dec 30	8,116.01
Germany DAX 30 / Dec 30	19,935.78

Item	Value
Gold 10 Grams PKR / Dec 27	234,225
Karachi Cotton PKR/37.32 KG / Dec 28	17,785
Crude Oil USD/Barrel / Dec 30	70.32
Gold Spot USD/Ounce / Dec 30	2,612.39
Cotton US¢/pound / Dec 30	68.60
Petrol/Litre / Dec 31	252.10

Gainers
Losers
Leaders

Stock	Price
Cnergyico PK / Dec 30 Cnergyico PK Limited(CNERGY)	7.52 ▲ 1.00 (15.34%)
Sec. Inv. Bank / Dec 30 Security Investment Bank Limited(SIBL)	8.99 ▲ 1.00 (12.52%)
Abdullah Shah / Dec 30 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.20 ▲ 0.79 (12.32%)
Dost Steels Ltd. / Dec 30 Dost Steels Limited(DSL)	6.70 ▲ 0.72 (12.04%)
Telecard Limited / Dec 30 Telecard Limited(TELE)	9.63 ▲ 1.00 (11.59%)
Media Times Ltd / Dec 30 Media Times Limited(MDTL)	2.40 ▲ 0.24 (11.11%)
I.C.C. Ind. / Dec 30 ICC Industries Limited(ICCI)	10.03 ▲ 1.00 (11.07%)
B.O.Punjab / Dec 30 The Bank of Punjab(BOP)	10.48 ▲ 1.00 (10.55%)
Idrees Tex. / Dec 30 Idrees Textile Mills Limited(IDRT)	14.27 ▲ 1.30 (10.02%)

Stock	Price
National Silk / Dec 30 The National Silk & Rayon Mills Limited(NSRM)	49.90 ▼ -5.54 (-9.99%)
Olympia Mills / Dec 30 Olympia Mills Limited(OML)	36 ▼ -3.99 (-9.98%)
Maqbool Tex. / Dec 30 Maqbool Textile Mills Limited(MQTM)	28.50 ▼ -2.56 (-8.24%)
Shahzad Tex. / Dec 30 Shahzad Textile Mills Limited(SZTM)	27.50 ▼ -2.37 (-7.93%)
Al-Khair Gadoon / Dec 30 Al-Khair Gadoon Limited(AKGL)	38.50 ▼ -3.21 (-7.70%)
Dewan Textile / Dec 30 Dewan Textile Mills Limited(DWTM)	6.90 ▼ -0.56 (-7.51%)
Engro Poly(Pref / Dec 30 Engro Poly(Pref)(EPCLPS)	11.10 ▼ -0.90 (-7.50%)
Habib Sugar / Dec 30 Habib Sugar Mills Limited(HABSM)	79 ▼ -5.26 (-6.24%)
First Tri-Star Mod. / Dec 30 First Tri-Star Modaraba(FTSM)	14.35 ▼ -0.90 (-5.90%)

Stock	Volume
Cnergyico PK / Dec 30 Cnergyico PK Limited(CNERGY)	125,453,825 ▲ 1.00
Fauji Foods Ltd / Dec 30 Fauji Foods Limited(FFL)	104,428,605 ▲ 0.32
WorldCall Telecom / Dec 30 Worldcall Telecom Limited(WTL)	96,647,456 ▲ 0.13
B.O.Punjab / Dec 30 The Bank of Punjab(BOP)	84,168,029 ▲ 1.00
Silk Bank Ltd / Dec 30 Silkbank Limited(SILK)	48,777,302 ▲ 0.08
K-Electric Ltd. / Dec 30 K-Electric Limited(KEL)	45,290,268 ▲ 0.19
TRG Pak Ltd / Dec 30 TRG Pakistan Limited(TRG)	40,065,544 ▼ -3.15
Pak Elektron / Dec 30 Pak Elektron Limited(PAEL)	36,275,641 ▲ 4.05
Hascol Petrol / Dec 30 Hascol Petroleum Limited(HASCOL)	34,627,314 ▼ -0.09