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US economy

Trump, SoftBank CEO announce $100bn US investment

PALM BEACH (Florida): President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on...

Published 17 Dec, 2024 06:47am

Business & Finance

Fed may cut rates in last meeting of Biden era

WASHINGTON: The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on...

Published 16 Dec, 2024 06:08am

World

US inflation still on ‘bumpy’ path to target: Fed official

WASHINGTON: The US remains on track to hit its long-term target of two percent inflation despite a recent “bump” in...

Published 02 Dec, 2024 10:49pm

Markets

Japan’s Nikkei touches more than a week high on hopes of strong US economy

TOKYO: Japan’s Nikkei share average touched its highest in more than one week on Monday, as investors bought stocks...

Published 25 Nov, 2024 10:40am

Markets

S&P 500 nears 6,000 mark as Trump win

NEW YORK: The S&P 500 index inched closer to the 6,000 mark and the Dow gained on Friday, as a sweeping Trump...

Published 09 Nov, 2024 06:36am

World

US hiring slowest since Biden took office

WASHINGTON: US job growth slowed drastically in October, hit temporarily by hurricanes and labor strikes, in a final...

Published 03 Nov, 2024 06:34am

World

US dockworkers launch mass strike month before election

NEW YORK: Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in ...

Published 02 Oct, 2024 06:19am

Business & Finance

Dollar edges up after US payrolls data

NEW YORK: The dollar edged up in volatile trading on Friday after data showed US employment grew less than expected...

Published 07 Sep, 2024 06:59am

World

US private payrolls post smallest increase in 3-1/2 years in August

WASHINGTON: U.S. private employers hired the fewest number of workers in 3-1/2-years in August and data for the...

Published 05 Sep, 2024 07:29pm

Business & Finance

US manufacturing mired in weakness; construction spending falls

WASHINGTON: US manufacturing contracted at a moderate pace in August amid some improvement in employment, but a...

Published 04 Sep, 2024 07:59am

Markets

Dollar doldrums deepen on dovish Fed tone before Jackson

TOKYO: The dollar traded near the lowest in more than a year against the euro and sterling on Thursday as a dovish...

Published 22 Aug, 2024 09:49am

World

Kamala Harris to unveil plan for US economy in major policy rollout

RALEIGH: Kamala Harris is expected to take on companies unfairly jacking up prices as she sets out her economic...

Published 16 Aug, 2024 02:01pm

Markets

Yen slips, markets brace for US inflation data

SINGAPORE: The yen was a tad softer against the dollar in trading thinned by a Japanese holiday on Monday, with...

Published 12 Aug, 2024 09:53am

Business & Finance

Dollar dips

NEW YORK: The dollar was off a one-week high against other major currencies on Friday, capping off a turbulent few...

Published 10 Aug, 2024 08:05am

Opinion

Need for revisiting 2 percent inflation target

‘The stock market crash is – perhaps – the long-awaited signal of a US economic slump.…The market meltdown...

Published 09 Aug, 2024 06:56am

Business & Finance

Fed under pressure to cut rates as market turmoil continues

WASHINGTON: The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates...

Published 07 Aug, 2024 05:37am

Business & Finance

Stocks sink with bond yield and dollar on recession fears

NEW YORK/LONDON: Global equities suffered heavy losses on Monday as Wall Street joined a global stock rout that...

Published 06 Aug, 2024 06:40am

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

CBOT soy, grain futures higher on US economy concerns

CHICAGO: Chicago Board of Trade grain and soybean futures turned higher on Friday as market participants and fund...

Published 04 Aug, 2024 02:47am

Markets

Gold retreats on profit-taking

BENGALURU: Gold prices retreated on Friday as profit-taking kicked in after bullion jumped over 1% earlier in the...

Published 04 Aug, 2024 02:47am

Markets

Nasdaq set to confirm correction as recession fears mount

NEW YORK: The Nasdaq Composite was on track to fall into a correction in a Wall Street battering after Friday’s...

Published 03 Aug, 2024 06:46am

Markets

Fears for US economy send investors to safe havens

NEW YORK/LONDON: Surprisingly weak US employment data on Friday stoked fears of a recession ahead, prompting...

Published 03 Aug, 2024 06:46am

Business & Finance

Dollar hits four-month low

NEW YORK: The US dollar dropped to a four-month low on Friday after a weaker than expected employment report for ...

Published 03 Aug, 2024 06:46am

Markets

Wall Street retreats on slowdown fears

NEW YORK: Wall Street’s main indexes reversed course and slumped on Thursday, weighed by megacap tech and chip...

Published 02 Aug, 2024 05:55am

World

US Fed’s favored inflation measure cools further in June

WASHINGTON: The US Federal Reserve’s favored inflation measure eased further in June, according to government data...

Published 26 Jul, 2024 07:20pm

Markets

Oil prices down after data shows weaker US consumer sentiment

NEW YORK: Oil futures prices settled slightly lower on Friday as investors weighed weaker US consumer sentiment...

Published 14 Jul, 2024 02:55am

Markets

Most Gulf markets ease on falling oil prices

Most stock markets in the Gulf were subdued in early trade on Monday after a decline in oil prices, although the...

Published 08 Jul, 2024 03:15pm

Markets

Dollar on the defensive after soft data, little relief for yen

TOKYO: The dollar was on the back foot on Thursday after US economic data continued to point to slowing growth,...

Published 04 Jul, 2024 09:56am

Business & Finance

IMF slightly downgrades US economic forecast for 2024

WASHINGTON: The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, ...

Published 29 Jun, 2024 06:40am

Business & Finance

Dollar clings to gains against major currencies

NEW YORK: The dollar rose against other major currencies on Friday, hitting a fresh eight-week high against the yen...

Published 22 Jun, 2024 06:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Cotton US¢/pound / Dec 23	68.96
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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