BUSINESS BUSINESS | 02 BUSINESS | 03

BoE slows bond Italy’s Atlantia purchases as seeks EU it sees some support in clash recovery signs with government

FRIDAY 19 JUNE 2020

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Swiss National Europe’s central Bank signals to maintain bank hands out negative rates

REUTERS - BERN

€1.3tln in loans The Swiss National Bank will keep its ultra-expansive mon- etary policy for “some time” after AP - FRANKFURT cutting its inflation outlook and saying it needs negative rates and The European Central Bank has currency interventions to shield handed out €1.31 trillion ($1.46 The credit offer Switzerland from the corona- trillion) in long-term, ultra- virus driven-recession. cheap credit to hundreds of takes its place Switzerland is facing its banks as part of its emergency alongside the sharpest downturn in decades support aimed at cushioning the after the pandemic shut down impact of the coronavirus pan- bank’s pandemic many businesses, pushed up demic on businesses and bond purchase unemployment and dented workers. demand at home and abroad. The three-year loans are programme, which The SNB expects Swiss GDP aimed at making sure banks can is pumping €1.35 to shrink 6 percent this year, the keep lending to companies so German output to drop by 6.8% worst downturn since the they don’t run out of money and trillion in newly German Chancellor Angela Merkel (right) and German Finance Minister Olaf Scholzs arriving at the aftermath of oil price shocks in go out of business during the created money into lower house of parliament Bundestag, in Berlin, Germany, yesterday. According to IfW institute report the 1970s, and sees no rise in crisis. That would cause a cas- released yesterday, German economic output is to drop by 6.8 percent this year, before growing by consumer prices before 2022, cading loss of jobs and income the economy. 6.3 percent in 2021. and then by just 0.2 percent. and hurt the long-term recovery Yesterday the SNB kept its from the severe interruptions to policy interest rate and the rate business due to the measures Similar measures to loosen it charges on sight deposits at aimed at limiting the spread of credit have been deployed by minus 0.75 percent, as unani- the virus. the US Federal Reserve and Sweden sees first ‘positive signals’ for economy mously expected by analysts The ECB said yesterday that other central banks around the polled by Reuters. 742 banks across the 19 coun- globe. AFP - STOCKHOLM there were indications of a signif- “I believe it will be necessary tries that use the euro currency The net amount loaned was icant drop in the second quarter, to maintain this expansionary took up the credit offer, which €548bn since banks were Sweden said yesterday that, fol- and then a slight improvement in monetary policy for some time,” can carry a negative interest rate allowed to exchange earlier, less lowing the downturn caused by the the second half of 2020. Most of SNB Chairman Thomas Jordan of as low as minus 1.0 percent favourable loans in return for coronavirus, it is beginning to see the contraction in Sweden could said. so long as banks keep up their the new offering. Nonetheless it the first positive signals and its be traced to lower investment, “We need a completely dif- lending to businesses. That was the biggest loan operation economy will not contract by as which Andersson said was under- ferent outlook before we can means banks are getting paid by in the history of the ECB, which much as initially expected this year. standable given the general uncer- change monetary policy, more the ECB to borrow the money, was founded in 1998 ahead of Finance Minister Magdalena tainty in the economy. inflation and also a much better an offer that many found hard the euro’s launch in 1999. The Andersson (pictured) said the gov- Despite signs of a turnaround, economic outlook,” he told to refuse. The ECB cut the rate fear among economists is that ernment now expected the the government did not expect journalists. on the offer from minus 0.5 the interruptions to business due Swedish economy to shrink by six GDP to reach the same level as The Swiss franc weakened percent at its April 30 meeting to the virus outbreak will elim- percent in 2020, instead of by She stressed that the 2019 until 2022. slightly against the euro after the as the virus lockdowns slammed inate otherwise viable busi- around seven percent as projected improvement had started from an Sweden has pursued a softer decision. The SNB’s new condi- the European economy. nesses. The European Union’s in April. unusually low level and there was approach to curbing the spread of tional inflation forecast of below The credit offer takes its executive commission estimates “Lately we’ve seen some pos- still considerable uncertainty over the new virus and allowed many 2 percent over the entire forecast place alongside the bank’s pan- that the eurozone economy will itive signals that suggest that we’ve the projections. businesses to stay open as other horizon, suggests it will hold the demic bond purchase pro- shrink by 7.75 percent this year. reached the bottom and that we Noting that Sweden actually countries have opted for strict lock- policy rate until at least the first gramme, which is pumping The ECB is the central bank are now seeing a turn upwards,” saw a slight gross domestic product downs. But Sweden’s economy has quarter of 2023, said Credit €1.35 trillion in newly created for the countries that use the Andersson told a press growth of 0.1 percent in the first taken a hit nonetheless, as it is Suisse economist Maxime money into the economy. shared euro currency. conference. quarter of the year, Andersson said heavily dependent on exports. Botteron. scrambles to find missing EU must engage in lithium standards or lose to China, $2.1bn as loan crunch looms says EU’s Breton

REUTERS - BERLIN file a complaint against unknown business operations,” Speich said. REUTERS -BRUSSELS The standards would cover persons,” Braun said. Bondholders were also lithium mining, extraction, Wirecard’s auditor has refused to Wirecard later added that it rattled, with its €500m bond due EU industry chief Thierry testing, analysis and conversion sign off its 2019 accounts over a had appointed as in 2024 down by more than 40 Breton has urged EU govern- to useful lithium compounds, missing $2.1bn, sending its shares management board for com- cents and last bid at 37 cents on ments to be more active in such as for use in lithium-ion down more than 60 percent as the pliance, replacing board member the euro, Tradeweb data showed. setting global standards for batteries. German payments firm said the Jan Marsalek with immediate Wirecard had already ultralight battery metal lithium, “The EU’s key trading delay could cause billions in loans effect. delayed its annual report after the key to many strategic industries partners are very active in to be called in as soon as Friday The firm also warned that a KPMG report, which addressed and electric cars, or cede tech- developing international (today). failure to provide certified annual allegations of fraud and false nological advantage to China. standards in key markets to EY was unable to confirm the and consolidated statements accounting in a series of Financial Breton’s warning under- protect and increase their com- existence of €1.9bn ($2.1bn) in expected to be relased today Times reports. lines the European Commis- petitive advantage,” Breton said cash balances on trust accounts, would allow approximately €2bn In the most serious finding, sion’s concern as China seeks in a letter to industry ministers representing around a quarter of in loans to be terminated. covering the years 2016-18, KPMG to increase its influence in in the 27 EU countries and seen its balance sheet, Wirecard said, In-house auditor EY had reg- who have questioned its financials said it had been unable to verify setting standards for a metal by Reuters. adding that there was evidence of ularly approved Wirecard’s and “shorted” its stock, which fell the existence of €1bn in revenue crucial to the bloc’s electric car “We need to be vigilant “spurious balance accounts in recent years, and its by 60 percent in Frankfurt, wiping Wirecard booked through three and green energy ambitions, about such processes which confirmations”. refusal to sign off for 2019 con- €8bn off its market value. obscure third-party acquiring involving major companies can, without the right Chief Executive Markus firms failings found in an external “We are stunned,” Ingo partners. such as Volkswagen, PSA and engagement, unintentionally Braun (pictured) said in yester- probe by KPMG in April. Speich, head of corporate gov- Activist investors, led by Siemens. harm our economic competi- day’s statement that Wirecard, Yesterday’s twist is a stark ernance at $350bn fund manager British fund manager Chris His warning comes ahead tiveness and technological which was founded in 1999, was reversal of fortune for the Munich- Deka Investment, which owns Hohn, seized on the KPMG of a June 24-25 vote by the leadership,” he said. urgently seeking to clarify the bal- based fintech, which was lauded Wirecard stock, said, while calling audit to demand the departure International Organisation for “It is in our interest to give ances in question. as a homegrown success and pro- for a change at the top. of Braun, who owns a 7 Standardisation’s (ISO) tech- European companies a com- “It is currently unclear pelled into Germany’s blue-chip “A new start is now more percent stake in Wirecard. nical management board on a petitive advantage by making whether fraudulent transactions DAX index in 2018 at the expense urgent than ever. We hope that Hohn then filed a criminal Chinese proposal to set up a sure that international to the detriment of Wirecard AG of Commerzbank. Wirecard has the market’s loss of confidence complaint with the Munich committee on lithium standards are in line with ours have occurred. Wirecard AG will long been a target of short sellers will not have an impact on its prosecutor. standards. China has proposed - whether they are ready or in itself as the secretariat. the making,” Breton said. 02 BUSINESS FRIDAY 19 JUNE 2020 BoE slows bond purchases as EU lawmakers back it sees some recovery signs green finance rules,

REUTERS - LONDON The latest round of spending could already have urge use in COVID-19 bond-buying will be reached a level that it previ- The Bank of England (BoE) spread out over the ously expected would only be slowed the pace of its huge reached by the third quarter. recovery fund bond-buying programme yes- rest of the year - a third But there were risks that a terday as it saw some signs that of the BoE’s furious rise in unemployment could be REUTERS - BRUSSELS “InvestEU” pot. the British economy was recov- pace of purchases worse than it had thought. “The Commission con- ering from the unprecedented since the crisis “While recent demand and European Union lawmakers tinues to explore how the tax- slump caused by the corona- output data had not been quite yesterday approved green onomy can be used in the virus lockdown. escalated in March as negative as expected, other finance rules ensuring invest- context of the European Green The BoE bolstered its fire- when it announced a indicators suggested greater ments do not prop up polluting Deal by the public sector” a power by a further £100bn record £200bn increase risks around the potential for industries, requirements they Commission spokesman told ($124bn), as predicted by most in its programme. longer lasting damage to the and investors say should also Reuters, referring to its “Green economists, but surprised economy from the pandemic,” guide spending of hundreds of Deal” plan to reduce net EU financial markets by saying it The BoE’s chief economist, the BoE said. billions of euros in coronavirus emissions to zero by 2050. Bas expected the increase to see it Andy Haldane, cast a lone vote Sterling briefly rose and recovery funds. Eickhout, the EU lawmaker through to the end of the year. contraction over the first and against the increase. He said British government bond yields The rules, known as the EU who led parliament’s talks on The central bank said the second quarters of 2020, com- Britain’s economy might shrink touched their highest since June sustainable finance “tax- the green finance rules, said economy seemed to be con- pared with a fall of about 27 by only half as much as the BoE 10 after the decision, before onomy”, will restrict which the rules should apply to the tracting less severely than it percent included in a scenario set out last month when it easing back a little. The 2-year investments can be classed as entire €750bn recovery fund. thought a month ago as the gov- it published in May. warned of the sharpest decline gilt yield temporarily turned green and force providers of “This is taxpayers’ money. ernment eases its COVID-19 The latest round of bond- in more than 300 years. positive for the first time in financial products to disclose In order to make it compliant lockdown, but it was too early buying will be spread out over “We expect another 100 more than a week. which investments meet the with the green deal, the tax- talk about the strength of the the rest of the year - a third of billion-pound top-up, but this By soaking up much of the criteria, from the end of 2021. onomy should be your rebound and it could yet take the BoE’s furious pace of pur- now looks less certain,” Morgan surge in borrowing by the gov- But the coronavirus pandemic guidance,” he told Reuters. more action. chases since the crisis escalated Stanley economists Jacob Nell ernment - which has ramped has given the rules a new Investors also urged the “As partial lifting of the in March when it announced a and Bruna Skarica wrote to up spending to tackle the purpose - to guide spending Commission to weave climate measures takes place, we see record £200bn increase in its clients. COVID-19 hit to the economy - from the Commission’s pro- conditions throughout the signs of some activity programme. The BoE kept its key the BoE is keeping a lid on bor- posed €750bn EU economic entire EU recovery package. returning,” Governor Andrew The sharp reduction in the interest rate at 0.1 percent and rowing costs paid by businesses recovery fund, which EU “The stimulus package Bailey said. “We don’t want to pace of purchases came as a there was no discussion of and consumers as well as the leaders will discuss today. cannot at the very least harm get too carried away by this. surprise and British government taking it below zero. state. The EU’s executive, which or undermine the climate and Let’s be clear, we’re still living bond prices dropped. Bailey said any decision to The BoE also says that has until the end of 2020 to environmental goals nor con- in very unusual times.” “We’re slowing from... warp take borrowing costs into neg- pumping more stimulus into the approve the final green travene social standards,” said Deputy Governor Ben speed to something that by any ative territory was not in any economy will help it meet its 2 finance rules, has proposed Helena Viñes Fiestas, Global Broadbent (pictured) said the historical standards still looks way imminent. The BoE said percent inflation target. Data on applying them to parts of the Head of Stewardship and BoE now estimated that Brit- fast,” Bailey said, noting that the recent payment data and other Wednesday showed annual bloc’s coronavirus recovery Policy at BNP Paribas Asset ain’s economy was heading for US Federal Reserve had also up-to-date signals from the inflation of just 0.5 percent in fund including a €15.3bn Management. a roughly 20 percent slowed its bond-buying. economy suggested consumer May. Test maker targeted by Delta Air sees hitting breakeven in spring of next year FDA says it responded BLOOMBERG Delta Air Lines Inc, bleeding cash because of the Covid-19 to US concerns pandemic, expects to break even by next spring as rising AP — WASHINGTON demand prompts the carrier to company said it is reviewing continue restoring flights, Chief A company targeted by the the promotional language it Executive Officer Ed Bastian Food and Drug Adminis- uses for the test, which it said. tration for selling unau- said is only intended for use “We are in the process of thorised coronavirus by health professionals, not recovery, there’s no doubt antibody tests says it has consumers. about it,” Bastian said yesterday responded to regulators’ The company said it on Bloomberg Television. “There concerns, though it has no mostly operates in Europe are clear signs the momentum business operations in the and has no business we have is meaningful and con- US presence in the US. tinuing to build.” The Food and Drug The warning letters The Atlanta-based airline Administration announced come as FDA tries to police plans to add around 1,000 Wednesday it had sent dozens of antibody tests that flights a day to its schedule in warning letters to three the agency allowed onto the July and again in August, he companies selling at-home market earlier this year said. blood tests, none of which without evidence that they Carriers worldwide have A recent file photo of planes belonging to Delta Air Lines parked at Kansas City International Airport. have been reviewed or worked. been pummeled by a collapse authorized by the agency. After coming under fire in demand from the novel coro- at a point where we’re ponent in airline profits. from $100m earlier in the pan- At-home testing can carry from experts and members navirus and travel restrictions breakeven.” “That will be the next stage demic, Bastian said. He expects extra risks for patients due of Congress, the FDA to help contain its spread. US Delta dropped 2.6 percent to of recovery,” he said. to reach zero by year-end. The to the risk of faulty results. changed course last month, airlines that had slashed flying $29.93 at 9:35am. in New York The outlook is not as prom- airline has cut operating The FDA has not authorised telling companies to submit have begun to put more planes as stocks fell broadly on con- ising for international opera- expenses by 55 percent since any COVID-19 test to be testing data to remain on the in the sky as states lift stay-at- cerns over new outbreaks of the tions, which have largely been the coronavirus outbreak used completely at home. market. home orders and other limits virus in China and the US The suspended as some countries began to affect travel in March. A representative for Antibody tests are dif- on activity. Delta expects to carrier’s shares had tumbled 47 extend travel restrictions and Bastian said he doesn’t Hong Kong-based Medakit ferent from the nasal swab operate about 30 percent of its percent this year through require 14-day quarantines for expect widespread layoffs at Ltd has said via email it tests used to diagnose most year-earlier flying schedule by Wednesday, while the S&P 500 arriving passengers. Interna- Delta after September 30, responded to the agency’s active infections. the end of September. declined 3.6 percent. tional travel will lag behind the when prohibitions against job letter with a series of steps, The tests instead look “We’re at 15 percent of rev- The US Labor Day holiday in US domestic recovery by as cuts that are part of federal including blocking US pur- for blood proteins called enues today and we hope to get early September will be “an much as 12 months, Bastian financial aid expire. About chases from its website and antibodies, which indicate to 30 percent over the next two important milestone and pivot said at the company’s annual 40,000 employees have taken adding a disclaimer that its someone had a previous or three months, keeping costs point” because it’s typically meeting later yesterday. voluntary leaves ranging from products have not been infection. Most of the tests at that 50 percent level,” Bastian when business travel starts to Delta is on track to burn one to 12 months, and the reviewed or approved by the use a finger-prick of blood said in the interview, with build after summer, Bastian said. about $30m in cash daily this carrier has offered early FDA. Additionally the on a test strip. David Westin. “I would imagine Many companies continue to month, better than its target of retirement and voluntary sep- by the spring next year, we’d be restrict travel, a crucial com- reducing the figure to $40m aration programmes. Spain unveils $4.8bn plan for beaten-up tourism sector

BLOOMBERG They say the government’s said they weren’t satisfied with €100bn loan guarantee pro- the announcement because, Spanish Prime Minister Pedro gramme and the funds spent to among other reasons, it didn’t Sanchez announced a €4.25bn support millions of furloughed include tourism vouchers to ($4.75bn) package to bolster the workers, among other emer- encourage Spaniards to spend country’s battered tourism gency aid, have been vital - but on restaurants and hotels in industry. still short of what’s needed to their own country. “The good news is that weather the unprecedented More than 80 million thanks to how the epidemic has downturn. tourists visited Spain last year, evolved, we’ve been able to The €4.25bn package making it one of the world’s move forward the re-opening includes a previously most popular travel destina- of our borders,” Sanchez said announced €2.5bn tranche of tions. The blow to such a crucial Thursday at a speech in Madrid, the government’s loan guar- sector from the pandemic is one referring to the decision to antee program that can be used reason Spain’s economy is allow members of the certain exclusively by companies in the expected to contract more than European countries to enter tourism industry. New most of its European neighbors. Spain freely as of June 21. measures include €200,000 for The Spanish central bank fore- Thursday’s announcement guidaelines on cleaning and casts a worst-case-scenario One million masks per week follows the €3.75bn stimulus other safety measures and contraction of as much as 15 program for the country’s car €859m in loans to bolster percent this year. An employee works on a machine that makes masks at the AND & OR factory in Sevilla in Spain, industry announced earlier this tourism companies’ digitali- Despite the bleak economic yesterday. The AND & OR group has launched a machine capable of producing 1 million masks per week, as the government takes zation, use of renewable energy outlook, bond investors have week. The group’s technical team has been working on the project since the end of January 2020, steps to shore up key areas of and modernisation of been snapping up Spain’s debt. when several of its Chinese customers requested a more reliable and efficient solution at high the economy slammed by the facilities. The Spanish treasury received production speeds. The spread of the coronavirus pandemic and the shortage of masks accelerated coronavirus pandemic. The package also includes bids yesterday that were nearly the design and manufacturing process of the first machine which is capable of making 120 surgical- Executives in the car and a moratorium on mortgage- four times the one billion euros type masks with up to 4 layers of protection per minute, which allows reaching figures of over 30 tourism industries have been loan payments for some sold, the strongest demand for million per month. clamoring for additional tourism businesses. a 10-year bond auction in four financial support from Madrid. Spain’s Hostelry Association years. FRIDAY 19 JUNE 2020 BUSINESS 03 1.5 million more laid-off US Italy’s Atlantia seeks EU support workers seek jobless benefits in clash with government BLOOMBERG authorities are harming Auto- AP - WASHINGTON erroneously categorised as purchases remain a sizable 6 strade, the highway sector and employed in May and those who percent below their year-ago Top managers at infrastructure investors, according to the letter, About 1.5 million laid-off lost jobs but didn’t look for new levels. giant Atlantia SpA have appealed calling the situation “a serious workers applied for US unem- ones, 32.5 million people are out Furniture store sales nearly to the European Commission to violation of the principles of ployment benefits last week, a of work, economists estimate. doubled, and clothing sales urgently intervene in a clash business freedom and internal historically high number, even Yesterday’s report also nearly tripled, though both with the Italian government, market rules.” as the economy increasingly showed that an additional remain far below their levels accusing Rome of weakening Atlantia has taken issue with reopens and employers bring 760,000 people applied for before the coronavirus struck. the company’s highway unit “for rule changes approved by the some people back to work. jobless benefits last week under Clothing store sales are still political ends,” according to the government which cut financial The latest figure from the a new programme for self- down 60 percent compared text of a letter seen by penalties for revoking conces- Labor Department marked the employed and gig workers that with a year earlier. Bloomberg. sions. They charge that the new 11th straight weekly decline in made them eligible for aid for With nearly record-low The letter sent last week, rules hurt Atlantia and Auto- applications since they peaked the first time. These figures mortgage rates, applications for signed by Atlantia Chairman 2018 bridge collapse, though strade’s credit ratings. at nearly 7 million in March as aren’t adjusted for seasonal var- home loans reached an 11-year Fabio Cerchiai (pictured) and he’s aware this could start a long In the letter, the company’s the coronavirus shut down iations, so the government high last week. But even though CEO Carlo Bertazzo, marks an and potentially costly litigation managers also accuse the gov- much of the economy and doesn’t include them in the the number of homes under escalation in a long-running process. ernment of cutting off access for caused tens of millions of layoffs. official count. construction rose in May, they tussle between the Benetton A spokesman for the Com- Autostrade, also known as Aspi, The decline was much smaller, The steady decline in jobless remain substantially below last family-owned holding, which mission confirmed that the letter to state guarantees that help though, than in recent weeks, claims follows some other year’s pace. controls toll-road operator is currently being examined and firms cope with the impact of the falling just 58,000. encouraging reports that suggest The economy and the job Autostrade per l’Italia SpA, and a reply will be sent in due time. coronavirus. The total number of people that the lifting of shutdown market face a raft of uncer- the government of Prime Min- A spokesman receiving unemployment aid orders has sparked some tainties that could slow or even ister Giuseppe Conte. for Atlantia also fell slightly, reflecting the pent-up demand from con- derail a recovery. The managers’ letter to Com- declined to return of many to their old jobs. sumers, whose spending largely Business re-openings have mission Vice-President Valdis comment on the The job market appears to drives the economy. Most eco- caused spikes of viral infections Dombrovskis says “prompt letter. Conte’s have begun a slow recovery. In nomic gauges remain far below in nearly half of states, a trend European Commission inter- office and the May, employers added 2.5 their pre-pandemic levels, that could lead consumers to vention” is a matter of urgency. Transport Min- million jobs, an increase that though, and some analysts pull back again on shopping and “The survival of the company istry did not suggested that the job market question whether the recent dining out and reverse any eco- itself” is at stake, it says. immediately has bottomed out. The unem- gains can be sustained, espe- nomic gains. Negotiations between the reply to ployment rate declined from cially if the virus were to surge Restaurants, gyms and government and the Benettons requests for 14.7 percent to a still-high 13.3 back. movie theaters will likely rehire to resolve the dispute over toll- comment. The percent. Last month, retail and res- only a portion of their work- road licenses are at an impasse, Even with the May hiring taurant sales jumped nearly 18 forces. Many consumers won’t with little sign of a solution reported earlier gain, nearly 21 million people percent, the government said fully resume their previous ahead of an end-June deadline. yesterday on are officially classified as unem- Tuesday, retracing some of the habits of shopping, travelling Conte has threatened to strip the letter. ployed. And including people the record plunges of the previous and going out until a vaccine is Autostrade of its highway con- Measures government said had been two months. Even so, retail available. cession in the wake of a deadly taken by Italian QATAR STOCK EXCHANGE

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QE Index 9,320.18 +0.98 % 18-06-2020 Index Day’s Close Pt Chg % Chg Year High Year Low Currency Buying (QAR) Selling (QAR) QE Total Return Index 17,917.74 +0.98 % Index 9,320.18 All Ordinaries 4207.354 110.624 2.7 5069.5 3829.4 US$ 3.6305 3.6500 QE Al Rayan Islamic Change +90.25 CAC 40 Index/D 3176.13 -0.06 0 4169.87 2979.87 Pound Sterlig 4.4682 4.5313 Index - Price 2,090.17 +0.57 % % +0.98% DAX - Composit/D 531.14 8.71 1.67 667.98 485.74 Swiss Frnac 3.7067 3.7591 YTD% -10.60 DJ Indu Average 0 0 0 12876 9936.39 QE Al Rayan Islamic Index 3,728.81 +0.57 % Japanese yen 0.03355 0.0342 Volume 368,579,802 Egypt Cma Gn Idx 675.91 13.3 0.95 1567.23 143.08 QE All Share Index 2,887.45 +0.70 % Australian Dollar 2.2895 2.3346 Value (QAR) 854,408,624.48 Hang Seng Inde/D 19783.67 452.97 2.34 24468.64 18868.11 Canadian Dollar 2.5502 2.6003 QE All Share Banks & Trades 12,705 ISEG Overall/D 2510.71 44.36 1.8 3037.89 2333.35 Financial Services 4,035.30 +0.78 % Up 21 | Down 22 | Unchanged 03 Karachi 100 In/D 11311.29 276.37 2.5 12768.4 11032.2 Indian Rupee 0.0474 0.0483 Pakistan Rupee 0.0225 0.0231 QE All Share Industrials 2,639.83 +1.46 % 17-06-2020 Nikkei 225 Index 9038.74 94.26 1.05 10891.6 8227.63 QE All Share Transportation 2,686.13 -0.30 % Index 9,229.93 S&P 500 Index/D 0 0 0 1370.58 1039.7 Philipine Peso 0.0712 0.0726 QE All Share Real Estate 1,450.20 +0.40 % Change +54.01 Straits Times/D 2821.09 -62.91 -2.18 3280.77 2847 Bangala Takka 0.0425 0.0433 QE All Share Insurance 1,957.27 -2.72 % % +0.61% Sri lanka Rupee 0.0187 0.0191 GOLD AND SILVER QE All Share Telecoms 885.14 +2.29 % YTD% -11.47 Nepalese Rupee 0.0297 0.0302 Volume 188,498,938 South African Rand 0.1887 0.1925 QE All Share Consumer GOLD QR202.8618 gramme Value (QAR) 330,364,266.68 Goods & Services 7,434.52 +0.07 % Euro 3.8966 3.9508 Trades 8,201 SILVER QR1.7958 per gramme