News Archives for Print - 2004-04-07

Print - 2004-04-07

Closing stock market indices

Here is how major stock markets outside the United States ended on Tuesday.

Published 07 Apr, 2004 12:00am

Euro zone government supply faces tougher time in second quarter

Euro zone governments may face a tougher time selling their bonds over the next three months as the outlook for fixed income markets turns sour, analysts said.

Published 07 Apr, 2004 12:00am

Euro zone government supply faces tougher time in second quarter

Euro zone governments may face a tougher time selling their bonds over the next three months as the outlook for fixed income markets turns sour, analysts said.

Published 07 Apr, 2004 12:00am

US Stocks: Tuesday's unofficial close

US technology stocks fell on Tuesday as a disappointing forecast from cellphone giant Nokia Corp sparked a sell-off in heavyweights like IBM and Intel.

Published 07 Apr, 2004 12:00am

Indian shares snap four-day rise

Indian shares snapped a four-day rally on Tuesday despite rises in technology and drug stocks, while the rupee fell from near a four-year high as the central bank absorbed investment inflows.

Published 07 Apr, 2004 12:00am

Sri Lankan stocks tumble

Sri Lankan stocks dived 9.5 percent on Tuesday, the first trading day after voters ousted Prime Minister Ranil Wickremesinghe's pro-business party in favour of a left-leaning minority government.

Published 07 Apr, 2004 12:00am

Nikkei ends above 12,000, highest since August 2001

Japan's Nikkei average reached its highest closing level in 32 months on Tuesday after a jump in the dollar against the yen triggered buying in Sony Corp and other tech shares.

Published 07 Apr, 2004 12:00am

Property helps Hong Kong stocks to close sharply firmer

Hong Kong shares ended sharply higher on Tuesday, buoyed by property counters, and as investors shrugged off political uncertainties after China finally stamped its authority on the city's electoral laws.

Published 07 Apr, 2004 12:00am

Chinese shares rise, outlook firm

China's shares closed at their highest level in more than 30 months on Tuesday as investors piled into tourism stocks ahead of the annual May holidays when millions will take to the air and roads.

Published 07 Apr, 2004 12:00am

Taiwan stocks dip for first time in seven sessions

Taiwan stocks closed lower for the first time in seven sessions on Tuesday as investors pocketed recent gains in electronics shares like AU Optronics that had been inspired by expectations of better earnings.

Published 07 Apr, 2004 12:00am

Singapore shares finish lower after six days of gains

Singapore shares ended a six-day winning streak to finish lower on Tuesday, with Singapore Airlines among the big losers after rival Qantas Airways announced plans to start a new budget airline based in the city state.

Published 07 Apr, 2004 12:00am

Jakarta stocks jump on calm election, regionals

Peaceful parliamentary elections in Indonesia helped propel Jakarta stocks to their highest close in four weeks on Tuesday, with more gains expected.

Published 07 Apr, 2004 12:00am

US stocks at month-long highs, led by GE and AIG

US stocks rose to their highest closing levels in a month on Monday as investors welcomed good service-sector data and looked forward to a solid first-quarter earnings season.

Published 07 Apr, 2004 12:00am

Karachi University vice chancellor to deliver lecture in Riyadh

Vice Chancellor of Karachi University, Professor Dr Pirzada Qasim Raza Siddiqui, has been invited to deliver a Pakistan Day series lecture in Saudi capital.

Published 07 Apr, 2004 12:00am

United Money-Market Fund

The Unit Prices for April 07, 2004.

Published 07 Apr, 2004 12:00am

Pakistan to get MNNA status soon: Rodman

US Assistant Secretary of State for Defence, Peter Rodman, on Monday expressed great pleasure over the renewed Pak-US relations, particularly in the field of defence.

Published 07 Apr, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 07 Apr, 2004 12:00am

Signals from Islamabad not good for peace: Advani

Pakistan's concerns about the pace of talks with India "do not augur well for a nascent peace process" between the neighbours, Indian Deputy Prime Minister Lal Krishna Advani said on Tuesday.

Published 07 Apr, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 07 Apr, 2004 12:00am

Iran offers IAEA more comprehensive declaration

UN atomic energy agency chief Mohamed ElBaradei said Tuesday that Iran had pledged to reveal more details on its suspect nuclear programme by next month and that his talks here yielded "welcome and positive steps" by the Islamic republic.

Published 07 Apr, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 07 Apr, 2004 12:00am

Iran offers IAEA more comprehensive declaration

Published 07 Apr, 2004 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 07 Apr, 2004 12:00am

Pakistan, China urged to enhance co-operation in banking and insurance

Finance Minister Shaukat Aziz has said that Pakistan and China should enhance co-operation in banking and insurance sectors and should open branches of their banks in major cities.

Published 07 Apr, 2004 12:00am

Clearing Schedule for T+3 System

Karachi Stock Exchange's Clearing Schedule for T+3 System.

Published 07 Apr, 2004 12:00am

Pakistan, China urged to enhance co-operation in banking and insurance

Finance Minister Shaukat Aziz has said that Pakistan and China should enhance co-operation in banking and insurance sectors and should open branches of their banks in major cities.

Published 07 Apr, 2004 12:00am

Companies under suspension

"Under Suspension" Companies listed on the Karachi Stock Exchange.

Published 07 Apr, 2004 12:00am

President to announce construction of new dam

President Pervez Musharraf would announce construction of a new dam in the country in June this year.

Published 07 Apr, 2004 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Apr, 2004 12:00am

Iran and UAE supply extra oil to Asia

Iran and the United Arab Emirates will supply extra barrels above allocated volumes to term customers in Asia in April or May, despite OPEC's pact to cut output this month, market sources said on Tuesday.

Published 07 Apr, 2004 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 07 Apr, 2004 12:00am

Iran and UAE supply extra oil to Asia

Published 07 Apr, 2004 12:00am

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (April 06, 2004).

Published 07 Apr, 2004 12:00am

Poppy crop destroyed near Shikarpur: four farmers held

Police have destroyed a field of opium poppies near Shikarpur in Sindh, the first discovery of the heroin-producing plants in the area in years, officials said on Tuesday.

Published 07 Apr, 2004 12:00am

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.

Published 07 Apr, 2004 12:00am

Poppy crop destroyed near Shikarpur: four farmers held

Police have destroyed a field of opium poppies near Shikarpur in Sindh, the first discovery of the heroin-producing plants in the area in years, officials said on Tuesday.

Published 07 Apr, 2004 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Apr, 2004 12:00am

Quake jolts Islamabad, Lahore and Northern Areas

An earthquake of severe intensity measuring 6.8 on the Richter scale rattled many cities early on Tuesday.

Published 07 Apr, 2004 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Apr, 2004 12:00am

Netherlands to give Rs 150 million for environment plan

The Netherlands will provide Rs 150 million to Pakistan for the implementation of Pakistan Environment Programme (PEP). The Dutch government will also extend support for strengthening capacity of environment sector in Pakistan.

Published 07 Apr, 2004 12:00am

Cross Transactions

Cross transactions between client to client reported on Tuesday (April 06, 2004).

Published 07 Apr, 2004 12:00am

Netherlands to give Rs 150 million for environment plan

Published 07 Apr, 2004 12:00am

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 07 Apr, 2004 12:00am

SECP and Revenue Board discuss corporate sector budget proposals

The Securities and Exchange Commission of Pakistan (SECP) and Central Board of Revenue (CBR) on Tuesday discussed budget proposals relating to corporate sector for financial year 2004-05.

Published 07 Apr, 2004 12:00am

All shares index report

The sector-wise all shares index report on Tuesday (April 06, 2004).

Published 07 Apr, 2004 12:00am

SECP and Revenue Board discuss corporate sector budget proposals

The Securities and Exchange Commission of Pakistan (SECP) and Central Board of Revenue (CBR) on Tuesday discussed budget proposals relating to corporate sector for financial year 2004-05.

Published 07 Apr, 2004 12:00am

Commercial Banks: MEEZAN BANK LIMITED - Year Ended 31-12-2003

Dr Muhammad Imran Usmani, Member Shariah Supervisory Board and Shariah Advisor of the Bank documented his review for the bank in his report to the members.

Published 07 Apr, 2004 12:00am

India and France begin naval exercises

The Indian and French navies on Tuesday began their biggest-ever joint exercise off the coast of the west Indian resort state of Goa, an Indian navy spokesman told AFP.

Published 07 Apr, 2004 12:00am

Commercial Banks: MEEZAN BANK LIMITED - Year Ended 31-12-2003

Dr Muhammad Imran Usmani, Member Shariah Supervisory Board and Shariah Advisor of the Bank documented his review for the bank in his report to the members.

Published 07 Apr, 2004 12:00am

India and France begin naval exercises

The Indian and French navies on Tuesday began their biggest-ever joint exercise off the coast of the west Indian resort state of Goa, an Indian navy spokesman told AFP.

Published 07 Apr, 2004 12:00am

THE RUPEE: rates slip in interbank market

The rupee-dollar parity rates slipped in the interbank market on Tuesday for buying and selling at Rs 57.38 and Rs 57.40.

Published 07 Apr, 2004 12:00am

Ishtiaq passes away

Syed Ishtiaq Ali, a writer of many books on history died here on Tuesday of heart failure, his family sources said.

Published 07 Apr, 2004 12:00am

THE RUPEE: rates slip in interbank market

The rupee-dollar parity rates slipped in the interbank market on Tuesday for buying and selling at Rs 57.38 and Rs 57.40.

Published 07 Apr, 2004 12:00am

EU commits 2.5 million euros to protect women rights

The European Union has committed 2.5 million euro to protect women and workers' rights in Pakistan as the EU wants to see Pakistan as 'enlightened and moderate' state in the comity of nations.

Published 07 Apr, 2004 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (April 06, 2004).

Published 07 Apr, 2004 12:00am

Jamali ready to discuss ECL law with opposition

Prime Minister Mir Zafarullah Khan Jamali on Tuesday informed the opposition that he was ready to discuss amendments in the Exit from Pakistan (Control) Ordinance, 1981.

Published 07 Apr, 2004 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (April 06, 2004).

Published 07 Apr, 2004 12:00am

Hearing of APNS petition continues

Senior Advocate Abdul Hafeez Pirzada, counsel for the All Pakistan Newspapers Society (APNS) completed his arguments on Tuesday in the petition filed against the implementation of 7th Wage Board Award in the Supreme Court.

Published 07 Apr, 2004 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (April 06, 2004).

Published 07 Apr, 2004 12:00am

Parco high ratings maintained for 7th year running

The Pakistan Credit Rating Agency (Pacra) for the seventh year running has maintained the entity ratings of Pak-Arab Refinery Limited (Parco) at 'AAA' (Triple A) and 'A1+' (Single A One Plus) for long term and short term, respectively.

Published 07 Apr, 2004 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 06, 2004).

Published 07 Apr, 2004 12:00am

WTO regulations for fruit exports: PHDB initiates drive in Balochistan to train farmers

The Pakistan Horticulture Development Board (PHDB) has initiated a drive in Balochistan to train farmers in crop management to meet the requirements of the new WTO regulations for fruit exports.

Published 07 Apr, 2004 12:00am

Poultry rates

Wholesale poultry rates on Tuesday (April 06) and rates for Wednesday (April 07, 2004).

Published 07 Apr, 2004 12:00am

Kachhi Canal to bring farm revolution

The Balochistan agriculture scene will undergo a welcome change when the Kachhi Canal project is completed in the next three years at a cost of over Rs 31 billion.

Published 07 Apr, 2004 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 06, 2004).

Published 07 Apr, 2004 12:00am

FROM A RINGSIDE SEAT

Safe passage of the National Security Council bill in the National Assembly is a foregone conclusion, but if one was to hear Aitzaz Ahsan's speech on Tuesday evening one would tend to believe that many a conscientious government members would also lose so

Published 07 Apr, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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