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US central bank

US inflation still ‘uncomfortably’ high: Fed official

WASHINGTON: US inflation remains “uncomfortably” above the Federal Reserve’s target despite the progress it has made...

Updated 11 Aug, 2024 09:27am

Business & Finance

Musk says Fed foolish not to have cut rates

NEW YORK: Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was...

Published 05 Aug, 2024 06:12am

Markets

Dollar, yen hold tight ranges as market braces for BOJ, Fed

TOKYO: The dollar and yen kept within close ranges on Tuesday as traders awaited key central bank decisions, kicking...

Published 30 Jul, 2024 10:16am

Business & Finance

US Fed official suggests apt to cut rates sooner if layoffs rise

WASHINGTON: A senior US central bank official said in remarks prepared for delivery Tuesday that it might be apt to...

Published 17 Jul, 2024 12:15am

Business & Finance

Dollar gains as Fed’s Powell cautious on rate cuts

NEW YORK: The dollar gained on Tuesday after Federal Reserve Chair Jerome Powell acknowledged progress in inflation,...

Published 10 Jul, 2024 03:14am

Markets

Oil benchmark Brent above $84 on perky US, China demand signals

LONDON: Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in...

Updated 10 May, 2024 11:57pm

Business & Finance

US Fed likely to keep rates steady as hopes of early cuts fade

WASHINGTON: The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday,...

Updated 01 May, 2024 07:51pm

Markets

Gold prices slip

BENGALURU: Gold prices slipped more than 1% to a one-week low on Tuesday due to an uptick in the dollar and US...

Published 01 May, 2024 04:14am

Business & Finance

US Fed’s preferred inflation gauge ticks up as fuel costs rise

WASHINGTON: The US central bank’s favored measure of inflation edged higher last month on the back of rising fuel...

Published 30 Mar, 2024 06:53am

Markets

Rising US yields, record state debt sale to nudge Indian bond yields up

MUMBAI: Indian government bond yields are expected to rise at the start of the week, tracking the rise in US...

Published 18 Mar, 2024 10:06am

Business & Finance

Canadian dollar extends weekly decline

TORONTO: The Canadian dollar weakened to a nine-day low against its US counterpart on Friday as long-term borrowing...

Published 18 Mar, 2024 04:56am

Markets

Dollar firm with eyes on PCE data, kiwi calm before RBNZ decision

TOKYO: The US dollar held steady as traders brushed off durable goods data overnight and awaited the Federal...

Published 28 Feb, 2024 09:53am

Business & Finance

Dollar mixed in tight trading range

NEW YORK: The dollar edged lower against the euro and higher against the yen on Tuesday, but failed to find strong...

Published 31 Jan, 2024 05:22am

Business & Finance

Most Asian currencies subdued

BENGALURU: Most emerging Asian currencies were subdued on Monday as the Federal Reserve-fuelled risk rally faded...

Published 19 Dec, 2023 05:20am

Markets

S&P 500, Dow ease as Fed official’s comments dampen rate-cut cheer

NEW YORK: The S&P 500 and the Dow were subdued in choppy trading on Friday after comments from a policy maker...

Published 16 Dec, 2023 05:49am

Business & Finance

US Fed poised to keep rates unchanged as it opens key meeting

WASHINGTON: The US central bank opened a key policy meeting Tuesday, with officials widely expected to hold interest...

Published 31 Oct, 2023 07:50pm

Business & Finance

Fed may pause again with rates at 22-year high

WASHINGTON: The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as...

Updated 30 Oct, 2023 08:50am

Markets

Nasdaq rises as long-term Treasury yields retreat

NEW YORK: The Nasdaq rose on Wednesday as easing long-term US Treasury yields boosted megacap stocks, while ...

Published 12 Oct, 2023 05:57am

Markets

China’s yuan slips past key threshold after Fed’s hawkish rate pause

SHANGHAI: China’s yuan slipped to a more than one-week low against a strengthening dollar and breached a key...

Published 21 Sep, 2023 10:44am

Markets

Asian currencies drop after US dollar gains on hawkish Fed (.)

Asian currencies fell on Thursday as capital outflows and the US Federal Reserve’s hawkish stance on monetary policy...

Published 21 Sep, 2023 10:38am

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

Markets

Copper rally loses steam after Powell says higher rates may be needed

LONDON: Copper prices in London reversed earlier gains on Friday after US Federal Reserve Chair Jerome Powell said...

Published 28 Aug, 2023 06:27am

Business & Finance

More rate hikes ‘likely’ needed to lower inflation: Fed official

WASHINGTON: A US central bank official said Saturday that more interest rate hikes “will likely be needed” to bring...

Published 05 Aug, 2023 09:26pm

Business & Finance

Moderate US economic growth expected in second quarter

WASHINGTON: The US economy likely maintained a moderate pace of growth in the second quarter as labor market...

Published 27 Jul, 2023 10:23am

Markets

Wall St kicks off week higher ahead of inflation numbers

NEW YORK: Wall Street’s main indexes rose on Monday, recovering losses from last week, as investors looked ahead ...

Published 11 Jul, 2023 06:08am

Business & Finance

Fed leaves rates steady, sees two small hikes by end of 2023

WASHINGTON: The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections...

Published 15 Jun, 2023 06:03am

Markets

Copper drifts higher on possible Fed pause

LONDON: Copper prices edged up on Thursday after the US central bank signalled a pause on rate hikes, but gains were...

Published 05 May, 2023 06:44am

Markets

PNC, JPM, Citizens among final bidders in First Republic auction

PNC Financial Services Group, JPMorgan Chase & Co and Citizens Financial Group Inc were among banks that...

Published 01 May, 2023 10:21am

Fed expected to hike again despite signs of slowing economy

WASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth — and possibly...

Updated 01 May, 2023 08:57am

World

Fed’s Bullard discounts recession talk, favors more rate hikes

ST. LOUIS: The U.S. central bank should continue raising interest rates on the back of recent data showing inflation...

Published 18 Apr, 2023 06:09pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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