Trends - Societe Generale - Business Recorder

Societe Generale

Indian rupee poised for some relief on softer dollar, portfolio flows

MUMBAI: The Indian rupee may log mild gains on Monday helped by a pullback in the US dollar and portfolio inflows on...

Published 25 Nov, 2024 10:53am

Markets

Indian rupee to gauge trimmed bets of jumbo Fed cut; US inflation data in focus

MUMBAI: The Indian rupee is likely to open little changed on Friday as traders gauge the pullback in odds of another...

Published 27 Sep, 2024 10:49am

Business & Finance

Societe Generale to sell a majority stake in Guinean unit

French bank Societe Generale said on Friday it had reached a deal with Atlantic Financial Group for the sale of a...

Published 20 Sep, 2024 02:06pm

Business & Finance

Societe Generale to sell two units to Swiss bank UBP for 900mn euros

PARIS: French banking giant Societe Generale said Monday it was selling two subsidiaries – one in Britain and the...

Published 05 Aug, 2024 11:43am

Business & Finance

France’s Societe Generale to buy 75% stake in energy-focused investment firm Reed Management

PARIS: French bank Societe Generale said on Wednesday it had agreed to buy a 75% stake in Reed Management, an...

Published 31 Jul, 2024 12:16pm

Business & Finance

French bank Societe Generale to cut 900 jobs

PARIS: French banking group Societe Generale announced plans on Monday to slash around 900 jobs at its head office...

Published 05 Feb, 2024 01:52pm

World

Putin clears Rosbank’s purchase of Societe Generale’s Russian assets

MOSCOW: Russian President Vladimir Putin on Sunday signed a decree clearing the way for Rosbank to purchase stakes ...

Published 25 Dec, 2023 05:42am

Markets

SocGen’s new boss vows to cut costs to boost profits by 2026

LONDON: Societe Generale’s new CEO pledged on Monday to cut costs to boost profits by 2026, in a keenly-awaited plan...

Published 18 Sep, 2023 12:16pm

Markets

Russian gold shipments to the UAE, China and Turkiye

LONDON: The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine...

Published 25 May, 2023 01:12pm

Markets

SocGen pulled out of NextDecade LNG project

PARIS: Societe Generale pulled out of Texas-based energy company NextDecade’s Rio Grande Liquefied Natural Gas...

Published 30 Mar, 2023 06:35am

Markets

Global bank shares sink over US fears

PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender...

Published 10 Mar, 2023 03:31pm

Markets

US yields rise as interest rates seen moving higher

NEW YORK: Treasury yields on Friday edged higher after a red-hot US inflation report the prior day raised market...

Published 17 Oct, 2022 05:57am

Markets

SocGen posts better than expected Q2 loss after Russia sale

PARIS: French bank Societe Generale posted a better-than-expected loss of 1.48 billion euros ($1.51 billion) in the...

Published 03 Aug, 2022 10:08am

Business & Finance

Sterling steadies but declines against dollar

LONDON: Britain’s pound steadied against the dollar on Friday, although it was set for a fourth consecutive week ...

Published 16 May, 2022 05:42am

Business & Finance

Turkish lira hits weakest level since mid-December

ISTANBUL: The Turkish lira slipped 0.8% on Monday and broke beyond 15 to the dollar for the first time since ...

Published 10 May, 2022 05:10am

Business & Finance

SocGen boosts income but costs of Ukraine war rise

PARIS: French lender Societe Generale beat first-quarter earnings expectations on Thursday but booked higher...

Published 09 May, 2022 05:39am

Business & Finance

French bank Societe Generale to sell Russia unit to oligarch

PARIS: French banking group Societe Generale said Monday it was ceasing activities in Russia and selling its Rosbank...

Published 12 Apr, 2022 05:17am

Life & Style

Nike, IKEA close Russian stores as sanctions, trade restrictions bite

Sneaker maker Nike and home furnishings firm IKEA shut down stores in Russia on Thursday, as trade restrictions and...

Published 04 Mar, 2022 04:11pm

Markets

SocGen could be stripped of Russia arm in 'extreme scenario'

PARIS/FRANKFURT: Societe Generale can see an "extreme scenario" where Russia strips the bank of its local ...

Published 03 Mar, 2022 02:17pm

Markets

French bank SocGen's ALD car leasing unit to buy LeasePlan for 4.9bn euros

PARIS: French bank Societe Generale said its car leasing division ALD had agreed to buy the company Lease Plan for...

Published 06 Jan, 2022 12:35pm

Business & Finance

Societe Generale profit nearly doubled in third quarter

PARIS: French bank Societe Generale said Thursday it had booked an "excellent" third quarter when strong revenue ...

Published 08 Nov, 2021 05:19am

Markets

SocGen beats estimates in Q3, raises 2021 provision outlook

PARIS: French bank Societe Generale posted on Thursday a better-than-expected third-quarter earnings on higher...

Published 04 Nov, 2021 11:50am

Markets

Turkey central bank likely to do 'irrational' 100-pt rate cut

ISTANBUL: Turkey's central bank would likely cut its key rate by another 100 basis points on Thursday, after...

Published 18 Oct, 2021 03:05pm

Markets

French bank Societe Generale to cut 3,700 jobs, no forced redundancies

PARIS: French bank Societe Generale said on Tuesday it will cut 3,700 jobs between 2023 and 2025 as it merges its...

Published 12 Oct, 2021 11:13am

World

Monte dei Paschi capital wiped out in EU banking stress test

LONDON: All of Monte dei Paschi’s capital was wiped out in a European Union stress test of banks on Friday as the...

Published 31 Jul, 2021 04:05am

Business & Finance

Dollar strengthens in Europe

LONDON: The dollar strengthened on Friday and was on track for a weekly gain as investors waited for US inflation...

Published 29 May, 2021 03:59am

Markets

European stocks near record high on strong AB Inbev, bank earnings

Italy's No.2 bank UniCredit jumped 4.5% and French lender Societe Generale surged 6.1% after reporting higher-than-expected quarterly earnings.

Published 06 May, 2021 02:45pm

Markets

Rebound in trading boosts earnings at France's SocGen

Shares in SocGen have gained 38.5% since the beginning of the year after a 45% slump in 2020. Its share price has more than doubled since its lowest at 10.77 euros on Sept. 30.

Published 06 May, 2021 11:41am

Markets

Yields rise after seven-year auction, before Fed statement

Overnight repo rates were at one basis point on Tuesday. They traded as low as minus six basis points last month.

Published 28 Apr, 2021 01:47pm

Markets

Analysts cut gold forecasts as economic growth recovers

BENGALURU: Analysts and traders have slashed their gold price forecasts, with many believing a return to last...

Published 28 Apr, 2021 03:18am

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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