News stories for Asad Naeem - Business Recorder

Asad Naeem

Top News

Sinopec's Addax could lose rights in Gabon dispute

LIBREVILLE: Addax Petroleum, a subsidiary of China's Sinopec Group, could lose its licence to operate in Gabon for f

Published 13 May, 2013 09:45pm

Business & Finance

Hungary's OTP in talks to buy two foreign-owned banks

BUDAPEST: Hungary's OTP Bank is in talks to buy two banks from foreign owners who plan to withdraw from the country&

Published 13 May, 2013 09:41pm

Markets

Oil falls as China demand slows, US gasoline sales dive

NEW YORK: Crude oil prices settled lower on Monday after a choppy day of trading, hit by slowing oil demand in China and

Published 13 May, 2013 09:38pm

Business & Finance

Saudi central bank pushes banks to reserve more jobs for locals

RIYADH: Saudi Arabia's central bank has asked commercial banks to increase localisation of some functions as Riyadh

Published 13 May, 2013 09:33pm

Top News

US housing is both cheap and out of reach

NEW YORK: America's housing market is both cheap and out of reach. It's one of the few assets that still look un

Published 13 May, 2013 09:26pm

Markets

US corn soars on firm cash market, technicals

CHICAGO: US corn futures advanced on Monday on firm cash markets and concerns that another round of showers would stall

Published 13 May, 2013 09:23pm

Business & Finance

Williams Transco investigates natgas line leak in Louisiana

NEW YORK: Williams Cos Inc's Transcontinental Gas Pipeline Co LLC (Transco) on Monday said it was investigating a sm

Published 13 May, 2013 09:20pm

Markets

Argentine 2012/13 soy crop seen 48.3mn T-exchange

BUENOS AIRES: Argentina's 2012/13 soybean harvest will be 48.3 million tonnes, the Rosario grains exchange said on M

Published 13 May, 2013 09:16pm

Markets

Corn, soybean spreads rally on short covering before May expiry

CHICAGO: Chicago Board of Trade corn and soybean price spreads reached multi-month highs on Monday as razor thin supplie

Published 13 May, 2013 09:14pm

Top News

Obama pushes for Syria talks but warns of huge challenges

WASHINGTON: President Barack Obama vowed on Monday to work to bring the Syrian government and rebels to the negotiating

Published 13 May, 2013 09:11pm

Top News

Gold down 1pc on fund outflows, economic hopes

NEW YORK/LONDON: Gold fell 1 percent on Monday, hovering near its lowest price in two weeks as stronger US retail sales

Published 13 May, 2013 09:09pm

Markets

Stronger US dollar hits oil, gold; stocks pause

NEW YORK: The dollar strengthened against the yen and other major currencies on Monday after the Group of Seven backed J

Published 13 May, 2013 09:05pm

Sports

New Zealand pace bowler Southee cleared for first test

LONDON: New Zealand pace bowler Tim Southee has been cleared to play in the first test against England at Lord's sta

Published 13 May, 2013 09:02pm

World

Judge rules US soldier's killing of five was premeditated

TACOMA: A military judge ruled on Monday that a US soldier who shot and killed five fellow servicemen at a combat stress

Published 13 May, 2013 08:58pm

Top News

Hess offers activist hedge fund Elliott two board seats

NEW YORK: Oil and gas company Hess Corp offered hedge fund Elliott Management two seats on its board as the company look

Published 13 May, 2013 08:53pm

Markets

TSX drops as China data fuels resources dip

TORONTO: Canada's main stock index declined on Monday after sluggish Chinese economic data hurt commodity prices and

Published 13 May, 2013 08:52pm

Markets

Wall St ends near flat after recent gains; healthcare climbs

NEW YORK: US stocks ended flat on Monday, pausing after hitting record highs last week, but strength in healthcare issue

Published 13 May, 2013 08:47pm

Markets

C$ steady as US economy brightens

TORONTO: The Canadian dollar held steady against its US counterpart in quiet trading on Monday, finding support from US

Published 13 May, 2013 08:45pm

Top News

Fed says in touch with Bloomberg on potential client data access

WASHINGTON: The Federal Reserve said on Saturday that it was seeking information from Bloomberg LP about potential acces

Published 11 May, 2013 09:39pm

World

NASA astronauts on spacewalk to fix ammonia leak

WASHINGTON: NASA astronauts on Saturday replaced a pump during an emergency spacewalk to stop an ammonia leak at the Int

Published 11 May, 2013 08:21pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Swiss Franc / Dec 20	0.89
USD to Japanese Yen / Dec 23	156.63
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
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75
France CAC40 / Dec 20	7,274.48
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.74 ▲ 0.47 (11.01%)
F.Treet Manuf / Dec 23 First Treet Manufacturing Modaraba(FTMM)	4.97 ▲ 0.47 (10.44%)
I.C.C. Ind. / Dec 23 ICC Industries Limited(ICCI)	10.94 ▲ 1.00 (10.06%)
Power Cem(Pref) / Dec 23 Power Cement (Pref)(POWERPS)	12.27 ▲ 1.12 (10.04%)
Treet Corp / Dec 23 Treet Corporation Limited(TREET)	24.38 ▲ 2.22 (10.02%)
Calcorp Ltd / Dec 23 Calcorp Limited(CASH)	27.48 ▲ 2.50 (10.01%)
Bawany Air Products / Dec 23 Bawany Air Products Limited(BAPL)	37.62 ▲ 3.42 (10.00%)

Stock	Price
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)	37.73 ▼ -4.18 (-9.97%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
LSE Financial Serv. / Dec 23 LSE Financial Services Limited(LSEFSL)	14.65 ▼ -1.60 (-9.85%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.99 ▼ -1.52 (-9.80%)
National Silk / Dec 23 The National Silk & Rayon Mills Limited(NSRM)	50.51 ▼ -4.93 (-8.89%)
Supernet Ltd. / Dec 23 Supernet Limited (GEM)(GEMSPNL)	15.55 ▼ -1.37 (-8.10%)
ZIL Limited / Dec 23 ZIL Limited(ZIL)	230.40 ▼ -19.60 (-7.84%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.09
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.13
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.20
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.06
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	30,850,688 ▲ 0.50
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.15
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	23,969,625 ▲ 2.41
Symmetry Group / Dec 23 Symmetry Group Limited(SYM)	21,897,051 ▲ 0.31
Hub Power Co. / Dec 23 The Hub Power Company Limited(HUBC)	20,727,996 ▲ 3.96

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