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Russian central bank

Russian central bank hikes key rate to fight inflation

MOSCOW: Russia’s central bank raised its key interest to 18 percent on Friday, the sixth hike in just over a year...

Published 28 Jul, 2024 06:49am

World

Eight injured in Ukrainian attacks on Russia’s Belgorod

MOSCOW: Eight people were injured in overnight Ukrainian attacks in and around the western Russian city of Belgorod,...

Published 09 May, 2024 11:24am

World

EU agrees on using Russian asset profits for Ukraine

BRUSSELS: EU member states reached agreement Wednesday on a plan to use billions of euros in profits from frozen...

Published 08 May, 2024 09:52pm

Business & Finance

Russian central bank lends more Chinese yuan under currency swap operations

MOSCOW: Russia’s central bank said it had provided banks with 2.5 billion Chinese yuan ($346.25 million) for the...

Updated 30 Mar, 2024 08:20pm

Business & Finance

Russian central bank keeps rates at 16%, says policy will stay tight

MOSCOW: Russia’s central bank held its key interest rate at 16% on Friday, warning that inflationary pressure...

Published 22 Mar, 2024 05:26pm

Business & Finance

Russian central bank raises key interest rate to 16% to counter inflation

MOSCOW: Russia’s central bank on Friday raised its key interest rate to 16 percent, announcing a fifth hike since...

Published 15 Dec, 2023 07:00pm

Business & Finance

Russian central bank: high rates likely needed throughout 2024

MOSCOW: Russia will probably need to keep interest rates high throughout 2024, the Bank of Russia’s Deputy Governor...

Published 03 Oct, 2023 04:58pm

Markets

Yen worries increase as dollar strengthens after Fed

TOKYO: The dollar hit fresh peaks on Thursday, sitting around its highest against the yen since November after a...

Published 21 Sep, 2023 09:43am

Business & Finance

Russian central bank says rates will need to stay high as it hikes to 13%

MOSCOW: Russia’s central bank raised its key interest rate by 100 basis points to 13% on Friday, jacking up the cost...

Published 15 Sep, 2023 06:19pm

Markets

Russian central bank hikes rates by 350 bp to 12% in extraordinary meeting

MOSCOW: Russia’s central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate...

Published 15 Aug, 2023 01:23pm

World

EU leaders push to fund Ukraine with proceeds from Russia's frozen assets

BRUSSELS: European Union leaders will push senior officials on Thursday to find legal ways to funnel proceeds from...

Published 29 Jun, 2023 07:53pm

World

Over $8bn of Russian central bank assets held in Switzerland

GENEVA: A total of 7.4 billion Swiss francs ($8.3 billion) of reserves and assets of the Russian central bank are...

Published 10 May, 2023 05:55pm

World

'Not easy' to seize Russia assets: EU task force head

STOCKHOLM: EU plans to seize Russian assets following Moscow's invasion of Ukraine, prioritising state assets of...

Published 25 Mar, 2023 12:12am

World

Russian assets worth around $5.7bn sanctioned in Germany

BERLIN: Russian assets worth around 5.32 billion euros ($5.69 billion) have been sanctioned in Germany over the...

Published 18 Feb, 2023 01:20pm

World

EU to examine using confiscated Russian assets for reconstruction

European Council President Charles Michel has urged the block’s national leaders to push forward with talks on using...

Published 23 Jan, 2023 10:39am

World

Russia falls into recession

MOSCOW: Russia's economy has entered a recession as gross domestic output fell by four percent in the third quarter,...

Published 16 Nov, 2022 10:38pm

Business & Finance

Russian Central Bank maintains key rate at 7.5 percent

MOSCOW: The Russian central bank kept its key rate at 7.5 percent on Friday, an expected measure aimed at supporting...

Published 28 Oct, 2022 05:56pm

Markets

Russian could buy yuan, Indian rupees, Turkish lira for rainy day fund

MOSCOW: Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold...

Updated 12 Aug, 2022 07:15pm

Markets

Russian central bank cuts key rate to pre-crisis level of 9.5%

Russia’s central bank cut its key interest rate to the pre-crisis level of 9.5% on Friday and said it would continue...

Published 10 Jun, 2022 03:52pm

Markets

Russian central bank plays down role of dollar and euro at home and globally

Russia’s central bank said on Tuesday that the role of the dollar and the euro as global currencies would decline as...

Published 31 May, 2022 06:43pm

Business & Finance

Russian central bank slashes rates, flags more cuts

Russia’s central bank lowered its key interest rate to 11% at an off-schedule meeting on Friday and said it saw room...

Published 26 May, 2022 01:18pm

World

Brussels says about $24bn of Russian central bank assets frozen in EU, less than expected

BRUSSELS: European Union states have reported the freezing of about 23 billion euros ($24.5 billion) of assets of...

Published 25 May, 2022 08:15pm

Business & Finance

Russian central bank to hold extraordinary rate-setting meeting on Thursday

Russia’s central bank will hold an extraordinary meeting on Thursday to consider the level of its key interest rate,...

Published 25 May, 2022 12:58pm

Business & Finance

Berlin ‘open’ to seizing Russian central bank assets for Ukraine

BERLIN: German Finance Minister Christian Lindner said Wednesday he was “open” to a discussion about ...

Published 12 May, 2022 05:40am

Markets

Russia seen cutting key rate by 200 bps to 15% on Friday

The Russian central bank is expected to cut its key interest rate by 200 basis points to 15% on Friday as it tries...

Published 25 Apr, 2022 08:10pm

Business & Finance

Russian rouble falls

MOSCOW: The Russian rouble weakened on Thursday, driven by expectations that Russia may relax its temporary capital...

Published 15 Apr, 2022 05:29am

Markets

Russian central bank suspends monthly foreign trade data for first time since 1997

The Russian central bank said on Monday it had temporarily suspended publishing data on foreign trade on a monthly...

Published 11 Apr, 2022 09:26pm

World

G7 allies seek to halt Russian gold transactions

BRUSSELS/ LONDON: The G7 group of advanced economies and the European Union pledged to block transactions involving...

Published 25 Mar, 2022 05:47am

Markets

Goldman Sachs sees five rate hikes in 2023

Goldman Sachs expects the Federal Reserve to raise interest rates five times in 2023, and forecasts that the US...

Published 21 Mar, 2022 12:01pm

Business & Finance

Russian rouble falls to new lows after ratings downgrades

MOSCOW: The Russian rouble slumped to new record lows against the dollar and euro on Thursday after Fitch and...

Published 04 Mar, 2022 04:37am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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