News stories for Naseem Usman - Business Recorder

Naseem Usman

WEEKLY COTTON REVIEW: Business volume witness continuous decline

Cotton business volume witnessed continuous decline. Production of cotton decreased 20.26 percent. Import agreements of 50 lac cotton bales from abroad were signed.

Published 09 Mar, 2020 12:00am

WEEKLY COTTON REVIEW: Trading volume remains low in local market

Bearish trend was witnessed in international cotton market. In the local cotton market trading volume remained low. The government is actively working on increasing the production of cotton in the country. Positive steps are taken but the government to so

Published 02 Mar, 2020 12:00am

WEEKLY COTTON REVIEW: Prices remain stable

The prices of cotton remained stable. There are two major threats to the cotton crop for the next season. The germination process of seeds is alarmingly low. Emergency should be imposed to control Locust swarm. India, Vietnam, Bangladesh are taking advant

Published 24 Feb, 2020 12:00am

WEEKLY COTTON REVIEW: Low trading observed

Low trading was observed in cotton market. Ginners were under pressure. No amount was allocated for the much discussed emergency program for increasing the production of cotton. No implementation from the concerned departments on the Prime Minister Imran

Published 17 Feb, 2020 12:00am

Business & Finance

WEEKLY COTTON REVIEW: No business in market as price remains stable

The prices of cotton remained stable. There was almost no business in the market. The organizations related to agriculture and economy asked the government to take practical steps to increase the production of cotton. Due to the extraordinary increase in

Published 10 Feb, 2020 12:00am

Business & Finance

COTTON REVIEW: Trading volume continues to decline

Under the influence of international cotton market, the decreasing trend was witnessed in the prices of local cotton. Trading volume continued to decline. Lack of good quality seeds: There is a need to evolve positive strategy in order to increase the pro

Published 03 Feb, 2020 12:00am

Business & Finance

WEEKLY COTTON REVIEW: Trading volume decreases; price increases

The trading volume of cotton decreases. Prime Minister Imran Khan has issued instruction regarding increasing cotton production. Increase in energy prices strongly opposed.

Published 27 Jan, 2020 12:00am

Business & Finance

WEEKLY COTTON REVIEW: prices remain stable in local, international markets

The prices of cotton remained stable in local and international markets. The delay in issuing SRO regarding abolishing of import duty on cotton and it is feared that cotton production will decrease in the coming season if the strategy was not made on war

Published 20 Jan, 2020 12:00am

WEEKLY COTTON REVIEW: Prices maintain increasing trend

The trend in increase in prices of cotton remained continued. Cautious attitude of ginners, transport strike, fog and rains were hurdles behind trade volume. Special Task Force under the chair of Prime Minister was constituted to look after the production

Updated 13 Jan, 2020 06:45am

WEEKLY COTTON REVIEW: Cautious buying witnessed; prices remain stable

The prices of cotton remained stable. The cotton market will have a positive impact of the reconciliation between China and America. The seeds allegedly having the capacity of doing wonders are going to be introduced!

Published 23 Dec, 2019 12:00am

COTTON WEEKLY REVIEW: Prices remain stable

The prices of cotton remained stable over all. There is uncertainty in the international market due to the contradictory statements of American President Donald Trump on "trade war". It looks that hard times of local textile industry is going to be over w

Published 16 Dec, 2019 12:00am

WEEKLY COTTON REVIEW: Bearish trend observed due to cautious buying

In the local cotton market during the last week bearish trend was seen due to cautious buying by local mills and due to the panic buying by the ginners because the quality of the cotton stored by the ginners is not good hence spot rate of cotton decreased

Published 09 Dec, 2019 12:00am

WEEKLY COTTON REVIEW: prices slide by Rs 150

The prices of cotton decrease by Rs 150 to Rs 300 per maund. According to the estimates of Advisor on Commerce and Textiles Abdul Razak Dawood eighty lac bales of cotton will be produced. Import of cotton exceed by 35 lac bales. This year the import of co

Published 02 Dec, 2019 12:00am

WEEKLY COTTON REVIEW: Prices dip extraordinarily

The prices of cotton witnessed an extraordinary decrease of Rs 400 per maund. 60 lac bales will be imported. All Pakistan Textile Mills Association demands restoration of zero rated facility. Textile products manufacturers demands that refunds should be i

Published 18 Nov, 2019 12:00am

WEEKLY COTTON REVIEW: Rate soars to Rs 9,500 per maund

The rate of cotton reached Rs 9500 per maund which is highest during the current season. Senate Standing Committee proposes imposition of cotton emergency in the country keeping in mind the drastic decrease in the production of cotton. Committee directed

Updated 28 Oct, 2019 07:41am

WEEKLY COTTON REVIEW: Drastic cut in production hits businesses

The rate of cotton increased by Rs 300 per maund due to increase in buying by the textile sector. The drastic decrease in cotton production effects all the businesses related to cotton. There is severe financial crunch in markets due to the imposition of

Updated 21 Oct, 2019 07:24am

WEEKLY COTTON REVIEW: rate remains stable, trading volume increases

The rate of cotton remained stable. The trading volume increased. Due to low cotton production it is expected that 50 lac bales of worth 1.50 billion dollars will be imported. Up till now import agreements of 20 lac bales have been signed. World cotton da

Updated 14 Oct, 2019 07:44am

Markets

WEEKLY COTTON REVIEW: trading volume increases, rate remains stable

Unfavorable weather conditions, attack of Locusts, pests and viruses decrease the production of cotton and it is expected that only one crore (10,000,000) bales of cotton will be produced. Economy has to bear the burden of import of forty five lac (4,500,

Published 07 Oct, 2019 12:00am

Business & Finance

WEEKLY COTTON REVIEW: trading volume increases, rate remains stable

Published 07 Oct, 2019 12:00am

Markets

WEEKLY COTTON REVIEW: trading volume increases, rate remains stable

Published 07 Oct, 2019 12:00am

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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