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 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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