News stories for Parvez Jabri - Business Recorder

Parvez Jabri

Markets

Australian shares set to plunge amid global slump, NZ falls

Australian shares are set to open sharply lower on Thursday, following steep falls in global equity markets, as grow

Published 14 Aug, 2019 11:01pm

Trump sees Fed rather than trade war as source of market turmoil

WASHINGTON: With global markets flashing concern about the fallout from the US-China trade war and the near-term str

Published 14 Aug, 2019 10:58pm

Business & Finance

Ford extends warranties on 560,000 Focus, Fiesta models

WASHINGTON: Ford Motor Co said on Wednesday it was extending warranties on clutch and related hardware in 560,000 Fo

Published 14 Aug, 2019 10:56pm

Markets

Argentine peso ends the day down 7.14pc at 60.2 pesos/dollar

BUENOS AIRES: The Argentine peso , buffeted by a sharp sell-off after a shock primary election result, closed on Wed

Published 14 Aug, 2019 10:55pm

Markets

Gold rises as global recession fears lift safe-haven appeal

Gold rose over 1% on Wednesday as an inverted US Treasury yield curve and weak euro zone data stoked fears of a glob

Published 14 Aug, 2019 10:54pm

Markets

CBOT corn futures extend losing streak, economy in focus

CHICAGO: Chicago Board of Trade corn futures fell for the fourth day in a row on Wednesday, with investors shedding

Published 14 Aug, 2019 10:53pm

Markets

CBOT soybeans close lower, pressured by crude oil drop

CHICAGO: Chicago Board of Trade soybean futures fell on Wednesday as investors locked in profits after a rally on Tu

Published 14 Aug, 2019 10:52pm

Markets

CBOT wheat closes firm on mild technical bounce

CHICAGO: US wheat futures firmed on Wednesday, bucking an overall downward trend across the grains markets, on a rou

Published 14 Aug, 2019 10:51pm

Markets

Yen, dollar higher as safe-havens benefit from recession fears

NEW YORK: The Japanese yen and US dollar index were higher on Wednesday after the US Treasury bond yield curve inver

Published 14 Aug, 2019 10:51pm

Markets

ICE canola futures rises on dollar weakness

WINNIPEG: ICE canola futures rose on Wednesday, helped by weakness in the Canadian dollar.

The Canadian dollar

Published 14 Aug, 2019 10:50pm

Markets

Brazilian stocks slide 3pc, on track for biggest fall since March

BRASILIA: Brazilian stocks fell 3% on Wednesday, on course for their biggest one-day loss since March 27, slammed by

Published 14 Aug, 2019 10:38pm

Markets

Cotton futures edge up on hot US weather concerns

ICE cotton futures edged higher in low volume trade on Wednesday as extreme heat in major cotton growing regions hel

Published 14 Aug, 2019 10:36pm

Business & Finance

Nigeria sells treasuries to lure foreign investors after FX ban for food imports

ABUJA: The Nigerian central bank auctioned treasury bills on Wednesday at higher rates to try to lure foreign invest

Published 14 Aug, 2019 10:35pm

Markets

C$ falls the most since March on global growth worries

TORONTO: The Canadian dollar weakened by the most in more than five months against its US counterpart on Wednesday a

Published 14 Aug, 2019 10:34pm

Markets

Brazil 'revisiting' 2018, 2019 soybean output estimates

SAO PAULO: Brazil is "revisiting" its soybean output estimates for the 2018 and 2019 crop seasons, an official told

Published 14 Aug, 2019 10:32pm

Markets

Egypt's GASC seeks wheat for Sept. 15-30 shipment

DUBAI: Egypt's General Authority for Supply Commodities (GASC) set a tender on Wednesday to buy an unspecified amoun

Published 14 Aug, 2019 10:29pm

Markets

US curve inverts for 1st time in 12 years; 30-year yield tumbles

NEW YORK: The US Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign

Published 14 Aug, 2019 10:28pm

Markets

Oil drops 3pc on weak global economic data, US crude stocks build

NEW YORK: Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and

Published 14 Aug, 2019 10:27pm

Business & Finance

GE secures four-year labor deal with unions for 6,600 workers

NEW YORK: General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States

Published 14 Aug, 2019 10:14pm

Markets

Recession fears plague Latam markets, Argentina peso slides further

Latin American markets were no exception to a slump across markets on Wednesday on rising fears of a looming recessi

Published 14 Aug, 2019 10:12pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Askari Life Assur. / Dec 23 Askari Life Assurance Company Limited(ALAC)	6.30 ▲ 0.64 (11.31%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Power Cem(Pref) / Dec 23 Power Cement (Pref)(POWERPS)	12.27 ▲ 1.12 (10.04%)
Hala Enterprise / Dec 23 Hala Enterprises Limited(HAEL)	14.51 ▲ 1.32 (10.01%)
Dawood Hercules / Dec 23 Dawood Hercules Corporation Limited(DAWH)	223.96 ▲ 20.36 (10.00%)
Leiner Pak Gelat / Dec 23 Leiner Pak Gelatine Limited(LPGL)	119.99 ▲ 10.91 (10.00%)
MithchellsFruit / Dec 23 Mitchells Fruit Farms Limited(MFFL)	226.01 ▲ 20.55 (10.00%)
Masood Textile / Dec 23 Masood Textile Mills Limited(MSOT)	55 ▲ 5.00 (10.00%)

Stock	Price
First Elite Cap.Mod / Dec 23 First Elite Capital Modaraba(FECM)	6 ▼ -0.85 (-12.41%)
Mehmood Tex / Dec 23 Mehmood Textile Mills Limited(MEHT)	630 ▼ -70.00 (-10.00%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.70 ▼ -3.97 (-9.76%)
Leather Up Ltd. / Dec 23 Leather Up Limited(LEUL)	27.25 ▼ -2.93 (-9.71%)
PIA Holding Co.B / Dec 23 PIA Holding Company Limited B(PIAHCLB)	829.98 ▼ -80.94 (-8.89%)
Quetta Textile / Dec 23 Quetta Textile Mills Limited(QUET)	18 ▼ -1.56 (-7.98%)
LSE Financial Serv. / Dec 23 LSE Financial Services Limited(LSEFSL)	15 ▼ -1.25 (-7.69%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.06
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.21
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.06
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▼ -0.90
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	30,423,419 ▲ 0.09
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.01
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	23,717,939 ▲ 1.86
Symmetry Group / Dec 23 Symmetry Group Limited(SYM)	21,897,051 ▲ 0.21
Hub Power Co. / Dec 23 The Hub Power Company Limited(HUBC)	20,727,996 ▲ 0.26

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