News stories for Naseem Usman - Business Recorder

Naseem Usman

Markets

Weekly Cotton Review: Bullish trend witnessed

KARACHI: Significant increase of Rs 600 per maund in the price of cotton. There is a gap between the demand and...

Published 29 Jun, 2020 02:41am

Markets

Weekly Cotton Review: Increasing trend in prices witnessed

KARACHI: The increasing trend in the prices of cotton witnessed due to the lesser supply of Phutti and increase in...

Published 22 Jun, 2020 03:03am

Markets

Weekly Cotton Review: Trading in new crop starts

KARACHI: Trading in cotton crop of new season 2020-21 has started in the cotton market. 3000 bales of new cotton ...

Published 15 Jun, 2020 03:13am

Markets

Weekly Cotton Review: Market witnesses slow trade

KARACHI: Positive measures related to agriculture in the budget will be beneficial for the cotton crop as the cotton...

Published 08 Jun, 2020 03:12am

Markets

WEEKLY COTTON REVIEW: Business remained low after Eid holidays

KARACHI: Double threats to cotton crop. Threats to cotton crop due to substandard seeds and Locust attack. Efforts...

Updated 01 Jun, 2020 09:36am

WEEKLY COTTON REVIEW: No trading activity witnessed for two months

Formulation of new cotton policy 2020-2021 is under process. Federal Committee on Agriculture (FCA) will announce the total estimates of cotton production and the total area of cotton cultivation. All Pakistan Textile Mills Association has presented their

Updated 21 May, 2020 05:22am

WEEKLY COTTON REVIEW: Stock holders hope trading activities will start

It is hoped that trading activities will start in the cotton market after the government has given the permission to the textile sector to resume their operations. Cotton crop is under threat of Locust attack. Summary of fixing the support price of cotton

Published 11 May, 2020 12:04am

Business & Finance

WEEKLY COTTON REVIEW: No trading activity for almost two months

Formulation of new cotton policy 2020-2021 is under process. Federal Committee on Agriculture (FCA) will announce the total estimates of cotton production and the total area of cotton cultivation.

Published 04 May, 2020 12:07am

Business & Finance

WEEKLY COTTON REVIEW: No trading activity because of lockdown

The sowing of cotton is successfully going on. Cotton production is expected to increase. The new crop of cotton is expected to start arriving partially from the month of June in Sindh. Export sector is demanding restoration of zero rated status.

Published 27 Apr, 2020 02:51am

Business & Finance

WEEKLY COTTON REVIEW: No business in local market

The government should fix the support price of cotton as early as possible. The positive measures of the government will be beneficial for textile and business sector in the long run. Hints of establishing task force in four divisions of Punjab to increas

Published 20 Apr, 2020 12:00am

Business & Finance

WEEKLY COTTON REVIEW: Business activities remain suspended

Increasing trend was witnessed in the international cotton markets. Like textile mills of Punjab textile mills of Sindh hinted to start operations partially. State Bank of Pakistan has announced a refinance scheme for the payments of salaries to the worke

Published 13 Apr, 2020 12:00am

WEEKLY COTTON REVIEW: No business activity in market

The partial sowing of cotton has started but there are no estimates of production. The support price was not fixed yet. The crisis of the textile sector is increasing day by day. The industries have started working partially.

Published 06 Apr, 2020 12:00am

WEEKLY COTTON REVIEW: No business in local market due to coronavirus

The cotton trade was badly affected by coronavirus internationally. Local textile mills and ginners were in distress. Textile mills were shut down after the building up of inventory as a result of suspension of export orders from abroad.

Published 30 Mar, 2020 12:00am

WEEKLY COTTON REVIEW: Rate, trading volume decrease

Cotton Markets in the world were crashed due to coronavirus. The rate of New York Cotton was at the lowest during the past ten years. The local textile sector is badly affected. Textile mills begin to close partially. Ginners were in distress. Delay in th

Published 23 Mar, 2020 12:00am

WEEKLY COTTON REVIEW: Trading volume remains low

The local textile and cotton industry which is moving in positive direction is badly affected by Corona virus. There were many challenges in the way of increasing the production of cotton. Steps should be taken for the immediate remediation of the challen

Published 16 Mar, 2020 12:00am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 23	248.38
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Diesel/Litre / Nov 23	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 23 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 23 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 23 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 23 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 23 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 23 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 23 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 23 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 23 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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