News stories for Naseem Usman - Business Recorder

Naseem Usman

Markets

Weekly Review: Cotton production surges 71pc to 8.4m bales

KARACHI: Cotton production has surged by 71%, reaching a total of 8.4 million bales; however, ginners have left with...

Published 08 Apr, 2024 04:46am

Markets

Weekly Cotton Review: Prices stable on cotton market amid low business volumes

KARACHI: There was stability in cotton prices, though business volume was quite low. New crop advance deals have...

Published 01 Apr, 2024 05:34am

Markets

Weekly Cotton Review: No change in spot rate amid falling business volumes

KARACHI: Stability in cotton prices remains elusive as business volume sees a significant downturn. Ginners are now...

Published 25 Mar, 2024 05:47am

Markets

Weekly Cotton Review: Rates stable despite decreased business volumes

KARACHI: The prices of cotton remained stable despite decreased business volume in the local cotton market. Textile...

Published 18 Mar, 2024 04:56am

Markets

Weekly Cotton Review: Prices fluctuate amid low trade volumes

KARACHI: Domestic cotton prices have shown a mixed trend recently, influenced by the fluctuations in New York cotton...

Published 11 Mar, 2024 04:45am

Markets

Weekly Review: Cotton rates stable amid low business volumes

KARACHI: The price of cotton remained stable during the last week, amid a low business volume. However, the...

Published 26 Feb, 2024 05:07am

Markets

Weekly Cotton Review: Prices continue to rise amid dwindling supply

KARACHI: There has been a significant increase in the price of cotton, with a further rise of Rs 1000 per maund. The...

Published 19 Feb, 2024 05:24am

Markets

Weekly Cotton Review: Prices continue to rise amid lacklustre business conditions

KARACHI: Cotton prices continued to rise during the previous week amid a limited business volume. There has been a...

Published 12 Feb, 2024 06:25am

Markets

Weekly Cotton Review: Slight increase in rate amid cautious buying

KARACHI: In a recent development, cotton production in Pakistan has surged to 83 lac and fifty thousand bales,...

Published 05 Feb, 2024 06:08am

Markets

Weekly Cotton Review: Prices rise amid good business volumes

KARACHI: Cotton prices were seen booming during the previous week. Over the past month, there has been a significant...

Published 29 Jan, 2024 04:37am

Markets

Weekly Cotton Review: Prices stable amid healthy business volumes

KARACHI: The cotton price during previous week remained stable, with an improvement in business volume. ...

Published 22 Jan, 2024 05:37am

Markets

Weekly Cotton Review: Prices remain stable; business volume relatively low

KARACHI: Cotton prices are stable. Improvement in cotton yarn. The business volume is relatively low. Spinners have...

Published 15 Jan, 2024 05:03am

Markets

Weekly Cotton Review: Rise in prices amid rising business volumes

KARACHI: Significant rise in cotton prices. The price surged to about Rs 2000, with an increase in the spot rate by...

Published 08 Jan, 2024 05:23am

Markets

Weekly Cotton Review: Prices stable amid low business volumes

KARACHI: Prices remained stable for quality cotton, but business volumes were quite low during the last week. Cotton...

Published 25 Dec, 2023 05:42am

Markets

Weekly Cotton Review: Market sees price stability amid low volume

KARACHI: Stability in the price of quality cotton was seen in previous week, though business volume remained quite...

Published 18 Dec, 2023 06:42am

Markets

Weekly review: Quality cotton rates remain stable amid low business volume

KARACHI: Stability in the rats of quality cotton witnessed. Business volume is limited. Due to the huge increase in...

Published 11 Dec, 2023 06:41am

Markets

Weekly Cotton Review: Cautious buying causes rate decline

KARACHI: Decline in cotton prices was witnessed due to lack of interest from textile mills. The Spot Rate was ...

Published 04 Dec, 2023 05:35am

Markets

Weekly Cotton Review: Prices largely stable amid low trade

KARACHI: Though overall cotton prices remained stable, but due to decrease in purchases, they have also started to...

Published 27 Nov, 2023 06:13am

Markets

Weekly Cotton Review: Spot rate decreases amid dull business

KARACHI: The production of cotton till now is said to be seventy three lac and seventy thousand bales; however, the...

Published 20 Nov, 2023 06:28am

Markets

Weekly Cotton Review: Rate stable; business volumes relatively low

KARACHI: Stability was witnessed in the rate of cotton; however, business volumes were relatively low. Industries...

Published 13 Nov, 2023 06:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	156.50
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
India Sensex / Jan 22	76,404.99
Tokyo Nikkei / Jan 22	39,871.68
Nasdaq / Jan 22	20,009.34
Hang Seng / Jan 22	19,872.38
FTSE 100 / Jan 22	8,545.13
Dow Jones / Jan 22	44,156.73
Germany DAX 30 / Jan 22	21,254.27

Item	Value
Crude Oil USD/Barrel / Jan 22	75.20
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Gold Spot USD/Ounce / Jan 22	2,751.09
Cotton US¢/pound / Jan 22	66.97
Petrol/Litre / Jan 23	256.13

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Jan 23 The Pakistan General Insurance Co. Ltd.(PKGI)	8.85 ▲ 0.96 (12.17%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Crescent Cotton / Jan 23 Crescent Cotton Mills Limited(CCM)	59.89 ▲ 5.44 (9.99%)
Power Cem(Pref) / Jan 23 Power Cement (Pref)(POWERPS)	13.22 ▲ 1.20 (9.98%)
Masood Textile / Jan 23 Masood Textile Mills Limited(MSOT)	58 ▲ 5.20 (9.85%)
Sindh Abadgar / Jan 23 Sindh Abadgar's Sugar Mills Limited(SASML)	45 ▲ 4.00 (9.76%)
Arpak Int. / Jan 23 Arpak International Investments Ltd.(ARPAK)	76.99 ▲ 6.80 (9.69%)
Mandviwala / Jan 23 Mandviwala Mauser Plastic Industries(MWMP)	23.30 ▲ 2.05 (9.65%)
TPL Life Insur. / Jan 23 TPL Life Insurance Limited(TPLL)	55.75 ▲ 4.75 (9.31%)

Stock	Price
Mehmood Tex / Jan 23 Mehmood Textile Mills Limited(MEHT)	610.21 ▼ -58.79 (-8.79%)
Punjab Oil / Jan 23 Punjab Oil Mills Limited(POML)	144 ▼ -13.65 (-8.66%)
Unilever Foods / Jan 23 Unilever Pakistan Foods Limited(UPFL)	20,204 ▼ -1696.00 (-7.74%)
PICIC Ins.Ltd. / Jan 23 PICIC Insurance Limited(PIL)	2.61 ▼ -0.17 (-6.12%)
Khyber Tobacco / Jan 23 Khyber Tobacco Company Limited(KHTC)	256 ▼ -14.00 (-5.19%)
Next Capital / Jan 23 Next Capital Limited(NEXT)	10.01 ▼ -0.50 (-4.76%)
First Fid. Leasing / Jan 23 First Fidelity Leasing Modaraba(FFLM)	2.20 ▼ -0.10 (-4.35%)
Mari Energies / Jan 23 Mari Energies Limited(MARI)	570 ▼ -24.98 (-4.20%)
Dawood Equities / Jan 23 Dawood Equities Limited(DEL)	9.60 ▼ -0.40 (-4.00%)

Stock	Volume
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▼ -0.01
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	96,976,679 ▼ -0.10
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 1.12
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▲ 0.09
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	21,831,273 ▼ -0.06
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	20,405,719 ▲ 3.14
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	18,649,899 ▼ -0.13
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 1.71
Power Cement / Jan 23 Power Cement Limited(POWER)	16,191,532 ▲ 0.23

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