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Russian gdp

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

World

World Bank lifts Russia growth forecast on resilient energy exports

WASHINGTON: The World Bank has significantly improved its outlook for the Russian economy this year due to...

Published 06 Jun, 2023 06:49pm

World

Russia may see wider 2023 budget deficit, lower growth for years to come: IMF

MOSCOW: Russia may see a sharply wider budget deficit and a smaller current account surplus this year, while global...

Published 11 Apr, 2023 06:22pm

World

Sanctions having ‘significant negative effect’ on Russian economy: Yellen

BENGALURU: Sanctions imposed on Russia are having a “very significant effect”, US Treasury Secretary Janet Yellen...

Published 23 Feb, 2023 05:19pm

World

A 'default' when flush with cash: Five signs Russia ain't sinking yet

LONDON: Russia may have defaulted for the first time on foreign bonds since the Bolsheviks refused to pay on a vast...

Published 27 Jun, 2022 06:12pm

World

Putin says no Iron Curtain will close off Russia’s economy

LONDON: President Vladimir Putin said on Thursday that no Iron Curtain would fall over the Russian economy despite...

Published 09 Jun, 2022 08:10pm

Markets

UniCredit executive says chances to cut Russia exposure ‘limited’

MILAN: UniCredit has “limited” opportunities to reduce its exposure to Russia, the Italian bank’s finance chief said...

Published 08 Jun, 2022 07:09pm

Markets

VTB says Russian banks could get $52bn boost if country ditches Basel rules

Russia’s banks could get a 3.3 trillion rouble ($52 billion)capital boost if the central bank ditches Basel capital...

Published 26 May, 2022 06:21pm

World

Russian central bank eyes rate cut, warns of structural changes to economy

Russia’s central bank will consider cutting its key interest rate further at upcoming board meetings, Governor...

Published 21 Apr, 2022 08:38pm

Markets

Inflation in Russia hits highest since early 2002

Annual inflation in Russia accelerated to 17.62% as of April 15, its highest since early 2002 and up from 17.49% a...

Published 20 Apr, 2022 10:00pm

Business & Finance

Russia raises key rate to 7.5%, signals more hikes possible

The central bank raised its 2022 average rate projection to 7.3-8.3% from 6.0-7.0%

Published 22 Oct, 2021 04:39pm

Markets

Russia's rouble climbs to highest since July 2020, stocks hit record

Rouble was 0.6% stronger against the dollar at 71.54, having hit its strongest level since July 27, 2020 at 71.5150

Published 14 Oct, 2021 06:28pm

Business & Finance

Russia ups key rate to 6.75%, signals more hikes possible

"If the situation develops in line with the baseline forecast, the Bank of Russia holds open the prospect of further key rate rises at its upcoming meetings"

Published 10 Sep, 2021 04:59pm

Business & Finance

Russian central bank sees its key rate at 6-7% in 2022

The Bank of Russia will hold its next board meeting on Sept. 10, where it is expected to raise the key rate again by at least 25 basis points

Published 02 Sep, 2021 06:00pm

Markets

Rouble falls past 74 vs dollar for first time in two weeks

Against the euro, the rouble eased 0.2% in light trade to 86.65
The dollar-denominated RTS index rose 0.3% to 1,645.8 points, and the rouble-based MOEX Russian index was 0.7% higher at 3,863.2 points.

Updated 10 Aug, 2021 07:47pm

Markets

Russian rouble weakens as tax period passes, COVID cases surge

The rouble shed 0.8% to 72.67 against the dollar.
Most global bourses are revealing concerns over renewed COVID-triggered lockdowns (actual and threatened)," said BCS Global Markets.

Published 29 Jun, 2021 05:04pm

Business & Finance

Russian central bank trains brokerages to identify dubious transactions

A trading frenzy by retail investors on online forums such as Reddit's WallStreetBets in the United States sent some stocks, including GameStop, to meteoric gains earlier this year. That fuelled a copycat trading boom in Europe, raising concerns about so-called "meme stocks" in Russia.

Published 26 May, 2021 08:28pm

Markets

Russian rouble firms past 75 vs dollar, stocks climb

Rouble gained 0.4% to 74.88 against the dollar after a three-day weekend, heading towards its strongest level since March 22 of 74.19 touched last week.
The rouble is seen returning to the 74-75 range against the dollar this week, Locko Invest said in a note.

Published 04 May, 2021 05:11pm

Markets

Rouble hits more than 1-month high after Russia hikes rates

The central bank, which had been widely expected to raise rates to rein in high inflation due to the rouble's weakness, hiked it by a bigger-than-expected 50 basis points to 5%.
"It creates room for the undervalued rouble to rebound as heightened geopolitical risks are pared back in the near-term," said MUFG Bank in a note.

Published 23 Apr, 2021 07:50pm

Markets

Russian rouble pares losses as geopolitical risks linger

Rouble was 0.4% stronger against the dollar at 77.09, moving away from its weakest level since Nov. 5 of 78.0450, which it touched last week.
The rouble decoupled recently from moves in other emerging markets as well as the price of crude oil, Russia's key export, as it was hammered by fears about the situation in Ukraine.

Published 12 Apr, 2021 05:47pm

Markets

Rouble heads to 5-month low vs dollar as geopolitical fears linger

The rouble-based MOEX Russian index was 0.1% lower at 3,482.5 points.

Published 12 Apr, 2021 02:09pm

Business & Finance

Russian central bank says return to 4pc inflation target could be delayed until 2022

Annual inflation, which stood at 5.7% in February, was expected to slow down in April, the central bank said, thanks to the base effect and the diminishing impact of the weak rouble on prices.
It was increasingly likely that inflation would be close to the upper end of the bank's 3.7-4.2% forecast range by the end of 2021, the central bank said.

Published 10 Mar, 2021 08:07pm

Business & Finance

Russia's GDP to return to pre-crisis levels by end-2021

Monetary policy, which is currently soft with the key rate at a historic low of 4.25%, would become neutral as soon as the economy returns to its potential.
He added that inflationary expectations had not anchored yet. The central bank has said it expects inflation to peak at around 5.5% in February-March, above the 4% target.

Published 18 Feb, 2021 06:15pm

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 23	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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