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U.S. Federal Reserve

Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation

Likely that gaining greater confidence will take longer than previously expected, says Fed Chair Jerome Powell

Published 01 May, 2024 11:53pm

Business & Finance

Bank of Canada: can’t cut rates until it sees more inflation progress

OTTAWA: The Bank of Canada (BoC) kept its key interest rate unchanged at a near 23-year high of 5% on Wednesday and...

Published 10 Apr, 2024 07:58pm

World

'Almost all' Fed officials agreed to skip June hike: minutes

WASHINGTON: A united U.S. Federal Reserve agreed to hold interest rates steady at the June meeting as a way to buy...

Published 06 Jul, 2023 12:01am

Markets

Fed's Powell says rate hikes will come at a 'careful pace' from here

WASHINGTON: U.S. Federal Reserve Chair Jerome Powell said on Thursday the central bank would move interest rates at ...

Published 22 Jun, 2023 10:52pm

Markets

Oil jumps 3% on US debt ceiling progress, OPEC+ in focus

BENGALURU: Oil prices rose more than $2 a barrel on Thursday on hopes for a pause in U.S. interest rate hikes and...

Published 01 Jun, 2023 11:26pm

World

Fed's Powell: don't assume Fed can protect U.S. economy from debt limit default

WASHINGTON: The U.S. Federal Reserve is unlikely to be able to shield the U.S. economy from the fallout of a failure...

Published 04 May, 2023 12:59am

World

U.S. Treasury, Federal Reserve in touch with Swiss authorities after UBS deal to buy Credit Suisse

WASHINGTON: The U.S. Federal Reserve and the Treasury Department said on Sunday they welcomed the announcements by...

Published 20 Mar, 2023 12:57am

World

What caused Silicon Valley Bank’s failure?

NEW YORK: SVB Financial Group Inc’s shutdown and takeover by banking regulators on Friday can be traced to the U.S....

Updated 11 Mar, 2023 06:51pm

Business & Finance

Banking regulators close SVB, move quickly to avert crisis

California banking regulators on Friday closed SVB Financial Group, the largest bank failure since the financial...

Published 10 Mar, 2023 11:04pm

Markets

Japan must take steps against ‘excessive, one-sided’ yen moves, official says

TOKYO: Japan’s government must take steps as needed against excessive declines in the yen, deputy chief cabinet...

Published 11 Sep, 2022 02:38pm

Markets

Gold in tight range as dollar, T-bond yields pick up steam

Gold prices edged up on Wednesday, pressured by a stronger dollar and Treasury yields as hawkish comments from U.S....

Published 03 Aug, 2022 11:35pm

Business & Finance

Saudi central bank increases key rates by 75 bps

DUBAI: The Saudi Central Bank said on Wednesday it increased its key interest rates by 75 basis points, moving in...

Published 28 Jul, 2022 12:51am

Markets

Dollar slightly lower after Fed hikes by 75 basis points

NEW YORK: The dollar was slightly lower on Wednesday against a basket of major currencies after the U.S. Federal...

Published 28 Jul, 2022 12:44am

Business & Finance

Stronger dollar pushes gold to fifth weekly loss

LONDON: Gold slipped on Friday and was headed for a fifth consecutive weekly loss, knocked down by the dollar’s...

Published 16 Jul, 2022 04:20am

Business & Finance

Qatar central bank raises deposit rate by 75 bps to 2.25%

The Central Bank of Qatar said on Wednesday it raised its main deposit rate by 75 basis points (bps) to 2.25%, ...

Published 16 Jun, 2022 12:56am

Business & Finance

UAE central bank increases base rate by 75 bps

The Central Bank of the United Arab Emirates said on Wednesday it increased its base rate by three quarters of a...

Published 16 Jun, 2022 12:51am

Business & Finance

Fed’s Waller backs 50 bps rate hikes until “substantial” reduction in inflation

FRANKFURT: The U.S. Federal Reserve should be prepared to raise interest rates by a half percentage point at every...

Published 30 May, 2022 10:45pm

Markets

Gold prices slip as Fed affirms aggressive policy stance

Gold prices slipped on Thursday as the U.S. Federal Reserve’s aggressive monetary policy tightening plan dimmed the...

Published 27 May, 2022 12:49am

Markets

Dollar slides to one-month low as Lagarde comments boost euro

NEW YORK: The U.S. dollar index hit a nearly one-month low on Tuesday after European Central Bank President...

Published 25 May, 2022 12:06am

World

Economic outlook has ‘darkened’, business and government leaders warn in Davos

DAVOS: Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos...

Published 23 May, 2022 09:27pm

Markets

S&P 500 on pace to confirm bear market, falls 20% from record close

The benchmark S&P 500 index is trading down 20% from its Jan. 3 record close in volatile trading on Friday, as...

Published 20 May, 2022 11:23pm

Business & Finance

IMF urges Asia to be mindful of spillover risks from tightening

TOKYO: Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major...

Published 20 May, 2022 10:10am

Business & Finance

Fed wants to see US growth ‘moving down’: Fed’s Powell

WASHINGTON: The US central bank wants to see economic growth slowing and “clear” evidence of inflation decelerating...

Published 18 May, 2022 12:59am

Business & Finance

Sterling drops back towards 21-month lows before BoE decision

LONDON: Britain’s pound weakened against a rebounding dollar despite expectations that the Bank of England will...

Published 06 May, 2022 05:03am

Markets

European shares slammed by lacklustre earnings, Fed jitters

European stocks dropped on Wednesday, weighed by disappointing earnings and investor jitters ahead of a policy...

Published 04 May, 2022 10:40pm

Markets

South Africa’s rand weakens as markets await Fed meet outcome

JOHANNESBURG: The South African rand weakened against the dollar on Wednesday, as investors waited for cues from the...

Published 04 May, 2022 10:37pm

Markets

Copper steadies near 4-1/2 month lows but demand worries linger

LONDON: Copper prices steadied on Wednesday near 4-1/2 month lows as traders weighed the risks of rising interest...

Published 04 May, 2022 10:11pm

Markets

Sterling little changed near 21-month low ahead of BoE, Fed

LONDON: The British pound was little changed on Wednesday, near its lowest level in 21 months, ahead of central bank...

Published 04 May, 2022 08:20pm

Markets

Toronto index rises on energy boost; Fed decision in focus

Canada’s main stock index rose on Wednesday, as higher crude prices bolstered energy shares, while investors awaited...

Published 04 May, 2022 07:44pm

Markets

Gold prices subdued as investors look to Fed rate decision

Gold prices inched down on Wednesday, a day after hitting an over two-month low, as investors awaited a policy...

Published 04 May, 2022 05:55pm

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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