News Archives for Print - 2004-04-14

Print - 2004-04-14

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (April 13, 2004).

Published 14 Apr, 2004 12:00am

KSE: overdue technical correction sets in

The share prices underwent overdue technical correction on Tuesday after six days of gains as financial institutions and leading brokerage houses sold their holdings to book available capital gains.

Published 14 Apr, 2004 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (April 13, 2004).

Published 14 Apr, 2004 12:00am

KSE: overdue technical correction sets in

The share prices underwent overdue technical correction on Tuesday after six days of gains as financial institutions and leading brokerage houses sold their holdings to book available capital gains.

Published 14 Apr, 2004 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Tuesday (April 13, 2004).

Published 14 Apr, 2004 12:00am

Lahore Stock Exchange turns bearish

Bearish trend returned to Lahore Stock Exchange (LSE), where equities finished lower amid ascending transaction volume mainly on account of selling pressure in Sui Southern, Fauji Fertiliser, Bank of Punjab and PTCL.

Published 14 Apr, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 13, 2004).

Published 14 Apr, 2004 12:00am

Lahore Stock Exchange turns bearish

Published 14 Apr, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 13, 2004).

Published 14 Apr, 2004 12:00am

Bears stage comeback on ISE

Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE), where equities suffered losses under the lead of hot favourite amid decrease in index.

Published 14 Apr, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 13, 2004).

Published 14 Apr, 2004 12:00am

Bears stage comeback on ISE

Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE), where equities suffered losses under the lead of hot favourite amid decrease in index.

Published 14 Apr, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 13, 2004).

Published 14 Apr, 2004 12:00am

IMF launches help for countries hit by trade woes

The International Monetary Fund on Tuesday offered extra funding to governments which face balance of payments shortfalls due to increased trade liberalisation, hoping to revive stalled farm talks.

Published 14 Apr, 2004 12:00am

Crescent Capital Management (Pvt) Ltd: daily foreign exchange report

Stability dominated the Interbank Forex Market with the greenback having an edge over the Pak rupee.

Published 14 Apr, 2004 12:00am

Gold and silver plunge as dollar rises

Dollar strength triggered fund selling in the precious metals markets on Tuesday in Europe, with gold shedding just over three percent and silver nearly eight percent to hit joint four-week lows.

Published 14 Apr, 2004 12:00am

US helicopter down near Fallujah

A US helicopter went down on Tuesday west of Baghdad for the second time in three days, while heavy tank fire punctured a fragile cease-fire maintained by US marines and insurgents in the city of Fallujah.

Published 14 Apr, 2004 12:00am

Annan expresses doubt about UN return to Iraq

UN Secretary General Kofi Annan said on Tuesday violence in Iraq will prevent the world body from re-establishing a major presence in the country anytime in the foreseeable future.

Published 14 Apr, 2004 12:00am

Tamil Tigers free 150 child soldiers

Sri Lanka's Tamil Tiger rebels freed nearly 150 child soldiers Tuesday in their biggest single release of underage combatants, the United Nations children's agency said.

Published 14 Apr, 2004 12:00am

South Korean kills himself in Roh impeachment protest

A South Korean supporter of President Roh Moo-hyun killed himself on Tuesday by setting himself on fire and jumping from a high bridge in protest at Roh's impeachment, police said.

Published 14 Apr, 2004 12:00am

Militants kill four Saudi policemen

Suspected militants killed four Saudi policemen on Tuesday at checkpoints along a road north of Riyadh shortly after security forces defused two car bombs in the capital, a security source said.

Published 14 Apr, 2004 12:00am

US intelligence may need post-9/11 reform: Bush

US President George W. Bush said on Monday that US intelligence operations may need to be reformed because of weaknesses that allowed the September 11, 2001, attacks to take place.

Published 14 Apr, 2004 12:00am

Cheney prods China on Taiwan and North Korea

US Vice President Dick Cheney started a three-day visit to China on Tuesday aimed at keeping a lid on tension between China and Taiwan and jump-starting talks to curb North Korea's nuclear ambitions.

Published 14 Apr, 2004 12:00am

US threatening media in Iraq: Al Jazeera

Arabic-language satellite TV channel Al Jazeera on Tuesday accused US-led coalition officials in Iraq of threatening the media over their coverage of US troops battling Iraqi rebels.

Published 14 Apr, 2004 12:00am

Cargo ship sinks off Kolkata; nine missing

Nine Chinese crew members are missing after a cargo ship sank off the eastern Indian port city of Calcutta in heavy seas Tuesday, the Indian coast guard here said.

Published 14 Apr, 2004 12:00am

16 killed in Bangladeshi bus mishap

At least 16 people were killed and 30 others injured Tuesday when two buses collided in northern Bangladesh, a report said.

Published 14 Apr, 2004 12:00am

Dollar broadly higher

The dollar hit a four-month high against the euro on Tuesday as the market positioned for retail sales data from the United States later in the session to see if it confirmed recent bullishness on the US economy.

Published 14 Apr, 2004 12:00am

Sterling slides against dollar

Sterling fell nearly 1-1/2 percent on the day against the dollar on Tuesday after stronger than expected US retail sales data for March boosted the greenback across the board.

Published 14 Apr, 2004 12:00am

Indian rupee hits two-week low

The Indian rupee slipped to a two-week closing low on Tuesday on demand for greenbacks from a large state-run oil firm in a market already grappling with a shortage of cash dollars.

Published 14 Apr, 2004 12:00am

Swiss franc steady against dollar

The Swiss franc was stable against the dollar early on Tuesday, little changed from levels seen during the extended Easter weekend, with dealers focused on the worsening situation in Iraq and US economic data.

Published 14 Apr, 2004 12:00am

Asian currencies: Singapore dollar hits four-year peak

The Singapore dollar rose about half a percent against the US dollar on Tuesday to a fresh four-year peak, leading gains in regional currencies for the second day after the country tightened monetary policy.

Published 14 Apr, 2004 12:00am

Yen climbs against dollar and euro on robust Japan outlook

The yen gained about 1 percent against the dollar and euro on Monday, buoyed by rising Tokyo stocks and a robust outlook on Japan, analysts said.

Published 14 Apr, 2004 12:00am

Yen up on Nikkei, optimism over hostage crisis

The yen rose against the dollar on Tuesday as Tokyo stocks hit fresh 32-month highs and traders played down the possibility that a drawn-out hostage crisis in Iraq could lead to political turmoil in Japan.

Published 14 Apr, 2004 12:00am

Australian dollar outperforms euro, buoyed by commodities

The Australian dollar held firm on Tuesday, trading at a three-and-a-half year high versus the euro as investors eye a positive outlook for commodity prices and Australian exports.

Published 14 Apr, 2004 12:00am

Bangladeshi taka softens, call steady

The Bangladeshi taka eased slightly on Tuesday with demand for dollars to pay for imports of capital machinery and industrial raw materials ahead of a public holiday, dealers said.

Published 14 Apr, 2004 12:00am

Chinese yuan unchanged versus US dollar

The yuan ended unchanged versus the dollar at 8.2771 on Tuesday, remaining near the stronger end of its managed trading range.

Published 14 Apr, 2004 12:00am

Britain's top share index rises to one-month high

Britain's top shares raced to their highest level for a month on Tuesday as another batch of upbeat US company results underscored optimism that a global earnings revival is picking up pace.

Published 14 Apr, 2004 12:00am

Closing stock market indices

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

Published 14 Apr, 2004 12:00am

Auto bonds get boost from retail data

Auto bonds got a boost from stronger-than-expected US retail sales data on Tuesday and telecoms ticked slightly higher in value on the first day after a four-day recess in Europe's corporate bond markets.

Published 14 Apr, 2004 12:00am

Auto bonds get boost from retail data

Published 14 Apr, 2004 12:00am

US Stocks: Tuesday's unofficial close

US stocks sagged on Tuesday, after a robust retail sales report stirred worries that the Federal Reserve may raise interest rates earlier than previously expected.

Published 14 Apr, 2004 12:00am

Indian tech shares lead rally

Technology issues fired a two percent rally in Indian shares on Tuesday, after sector bellwether Infosys Technologies Ltd surprised the market with a generous bonus share issue, brokers said.

Published 14 Apr, 2004 12:00am

US stocks climb on earnings hopes, oil stocks

US stocks rose on Monday, led by Exxon Mobil and Wal-Mart Stores, as investors anticipated strong earnings at the start of one of the busiest weeks of the quarterly reporting season.

Published 14 Apr, 2004 12:00am

Jakarta stocks make gains

Jakarta stocks ended stronger on Tuesday, helped by selective buying after US markets rose the previous day and as Tokyo hit a 32-month closing high.

Published 14 Apr, 2004 12:00am

Australian stocks soften

Australian stocks ended softer on Tuesday after a four-day Easter break as declines in market heavyweight News Corp overtook a firmer tone on Wall Street.

Published 14 Apr, 2004 12:00am

Hong Kong shares finish firmer, China plays lag

Hong Kong's top share index ended above 13,000 points for the first time in a month on Tuesday, but China plays fell after Beijing said it would hike bank reserve ratio requirements to cool rapid credit growth.

Published 14 Apr, 2004 12:00am

Singapore shares close with slight losses

Singapore shares flirted with the 1,900 mark but failed to end above the key resistance level on Tuesday as investors pocketed recent gains in blue chips such as contract electronics manufacturer Venture Corp.

Published 14 Apr, 2004 12:00am

Large caps lead Chinese shares lower by the close

China's shares closed lower on Tuesday as investors cashed out of large-cap companies amid lingering negative sentiment over a government-ordered credit tightening, brokers said.

Published 14 Apr, 2004 12:00am

Pre-emptive selling hurts US Treasuries ahead of data

US Treasury prices fell on Monday, pushing yields to three-month highs as traders worried that a raft of data due this week would show the economic recovery remains on a solid footing.

Published 14 Apr, 2004 12:00am

Pre-emptive selling hurts US Treasuries ahead of data

US Treasury prices fell on Monday, pushing yields to three-month highs as traders worried that a raft of data due this week would show the economic recovery remains on a solid footing.

Published 14 Apr, 2004 12:00am

Malaysian shares end barely up

Malaysia's key share index ended a touch higher on Tuesday, with gaming firm Magnum 4D in focus after its parent unveiled a group-wide revamp that includes stock distribution to shareholders.

Published 14 Apr, 2004 12:00am

Tokyo stocks hit 32-month closing high, banks lead

Japanese stocks closed at 32-month high on Tuesday as investors stepped up buying of banks while retailers got a lift ahead of their earnings results.

Published 14 Apr, 2004 12:00am

Seoul shares fall, Samsung ends at new high

South Korean shares ended slightly lower on Tuesday, led by losses in steel giant POSCO Co Ltd and banking stocks, but Samsung Electronics Co Ltd chalked up a record closing high.

Published 14 Apr, 2004 12:00am

Philippines stocks decline but rally seen intact

Philippines stocks ended lower in a technical correction for the second straight day on Tuesday, but traders said there was a good chance the earnings-driven rally seen in recent weeks would resume soon.

Published 14 Apr, 2004 12:00am

Microchips boost Taiwan stocks to three-week high

Taiwan stocks extended a three-week high on Tuesday as shares in semiconductor companies like Winbond rose on gains in US peers and expectations of solid quarterly earnings.

Published 14 Apr, 2004 12:00am

News Corp drops after index maker questions US relocation plan

News Corp shares fell Tuesday after comments from Standard and Poor's led to market jitters about the company's plan to move its main listing to the United States and also retain a spot on Australia's benchmark index.

Published 14 Apr, 2004 12:00am

BAA's year traffic up 4.4 percent

Passenger traffic for Britain's biggest airports operator BAA Plc rose 4.4 percent in the last year and there was an improvement in its hard-hit north Atlantic routes, the company said on Tuesday.

Published 14 Apr, 2004 12:00am

Bank of Canada cuts interest rates to help firms and consumers

The Bank of Canada cut interest rates by a quarter of a percentage point on Tuesday to boost spending and help firms cope with a stronger dollar, but made clear this could be the last rate cut for a while.

Published 14 Apr, 2004 12:00am

Infosys net profit surges 28 percent, tops $1 billion sales

Indian software giant Infosys said Tuesday full year net profit jumped 28 percent as it became the nation's first listed IT firm to breach the one-billion-dollar revenue mark, but it warned of slowing earnings growth ahead.

Published 14 Apr, 2004 12:00am

Infosys net profit surges 28 percent, tops $1 billion sales

Published 14 Apr, 2004 12:00am

Germany considers low-wage zones to help boost east

Germany is considering setting up state-supported low wage zones in the eastern part of the country to protect jobs from cheap foreign labour from new European Union member states.

Published 14 Apr, 2004 12:00am

Investors step up competition for South Korean financial assets

Foreign and domestic investors are stepping up competition for prime financial assets here amid ongoing consolidation in South Korea's financial sector, officials said Tuesday.

Published 14 Apr, 2004 12:00am

Investors step up competition for South Korean financial assets

Foreign and domestic investors are stepping up competition for prime financial assets here amid ongoing consolidation in South Korea's financial sector, officials said Tuesday.

Published 14 Apr, 2004 12:00am

China Telecom to pay US $3.36 billion for networks

China's largest fixed-line phone company China Telecom Corp said on Tuesday that it will pay US $3.36 billion to buy 10 networks in mostly poorer provinces from its state-owned parent in a bid to boost profits.

Published 14 Apr, 2004 12:00am

UK's Acambis stops smallpox trial, shares slump

A smallpox vaccine bought by the US government to protect its citizens in a bio-terrorist attack could cause a dangerous heart condition, the British maker of the jabs said on Tuesday, sending its shares sliding.

Published 14 Apr, 2004 12:00am

UK's Acambis stops smallpox trial, shares slump

Published 14 Apr, 2004 12:00am

J&J profit jumps on demand for new drugs

Johnson and Johnson on Tuesday said first-quarter earnings jumped 20 percent on higher sales of its prescription drugs and medical devices, prompting the diversified health-care company to raise its full-year profit forecast.

Published 14 Apr, 2004 12:00am

J&J profit jumps on demand for new drugs

Published 14 Apr, 2004 12:00am

Daimler to up Mitsubishi Motors stake

DaimlerChrysler plans to raise its stake in troubled Japanese affiliate Mitsubishi Motors Corp to over 50 percent from 37 percent as early as next business year, a Mitsubishi group source told Reuters.

Published 14 Apr, 2004 12:00am

Daimler to up Mitsubishi Motors stake

Published 14 Apr, 2004 12:00am

Mufti Mohammed Salim

M.M. Salim was born on August 12, 1913 in Bilaspur, C.P., India. He graduated from Islamia College, Lahore in 1934 and then joined "Aeronautical Centre of India" in New Delhi, on October 21, 1935 as a cadet. He got his AC&X Aircraft Maintenance Engineers

Published 14 Apr, 2004 12:00am

UK house price inflation steady in February

House price inflation in Britain was steady just under 10 percent in February, official data showed on Tuesday, more evidence that two interest rate hikes have done little to cool a hot property market.

Published 14 Apr, 2004 12:00am

Philips slow sales growth overshadows first-quarter net

Europe's biggest consumer electronics maker, Philips Electronics, swung to a first quarter net profit and gave an upbeat outlook on Tuesday, but slow sales growth and modest operating profits hurt its shares.

Published 14 Apr, 2004 12:00am

Philips slow sales growth overshadows first-quarter net

Published 14 Apr, 2004 12:00am

Chinese foreign direct investment rises

Booming China drew $14.07 billion in foreign direct investment in the first quarter, up 7.49 percent from a year earlier, as foreign businesses cashed in on the nation's cheap labour and growing middle class.

Published 14 Apr, 2004 12:00am

Iraq's security eating chunks of contractors' costs

Spiralling violence in Iraq has driven costs sky high for foreign firms working on the billions of dollars in reconstruction contracts, with the price of insuring some workers doubling in the past week.

Published 14 Apr, 2004 12:00am

Saudi Arabia adds 300,000 bpd to Asia and Europe crude sales

Top Opec producer Saudi Arabia has scheduled a more than 300,000 barrels per day (bpd) increase in crude exports to Asia and Europe next month but is not boosting supply to the world's biggest consumer, the United States, industry sources said on Tuesday.

Published 14 Apr, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 12	281.63
USD PKR Interbank Buying / May 12	281.43
USD to Japanese Yen / May 12	145.91
USD to Swiss Franc / May 12	0.83
Pound Sterling to USD / May 12	1.33
Euro to USD / May 12	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
Nasdaq / May 9	17,928.92
Dow Jones / May 9	41,249.38
India Sensex / May 12	81,746.51
Tokyo Nikkei / May 12	37,643.20
Hang Seng / May 12	23,174.79
FTSE 100 / May 12	8,559.54
Germany DAX 30 / May 12	23,721.61
France CAC40 / May 12	7,802.81

Item	Value
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Crude Oil USD/Barrel / May 12	61.81
Gold Spot USD/Ounce / May 12	3,279.94
Cotton US¢/pound / May 12	67.45
Petrol/Litre / May 13	252.63
Diesel/Litre / May 13	256.64

Gainers
Losers
Leaders

Stock	Price
Dewan Farooque Sp. / May 12 Dewan Farooque Spinning Mills Limited(DFSM)	3.08 ▲ 0.71 (29.96%)
Equity Modaraba / May 12 First Equity Modaraba(FEM)	3.17 ▲ 0.67 (26.8%)
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	4.99 ▲ 1 (25.06%)
Cresent Jute / May 12 Crescent Jute Products Limited(CJPL)	3.18 ▲ 0.58 (22.31%)
Media Times Ltd / May 12 Media Times Limited(MDTL)	1.84 ▲ 0.33 (21.85%)
Pace (Pak) Ltd. / May 12 Pace (Pakistan) Limited(PACE)	5.38 ▲ 0.96 (21.72%)
Chenab Ltd (Pref) / May 12 Chenab Limited (Pref)(CLCPS)	2.49 ▲ 0.44 (21.46%)
Al-Shaheer Corp / May 12 Al Shaheer Corporation Limited(ASC)	5.88 ▲ 1 (20.49%)
D.S. Ind. Ltd. / May 12 D.S. Industries Limited(DSIL)	4.64 ▲ 0.74 (18.97%)
Hira Textile / May 12 Hira Textile Mills Limited(HIRAT)	3.25 ▲ 0.51 (18.61%)

Stock	Price
Reliance Weaving / May 12 Reliance Weaving Mills Limited(REWM)	98.10 ▼ -10.9 (-10%)
Apna Microfin. / May 12 Apna Microfinance Bank Limited(AMBL)	9.90 ▼ -1.05 (-9.59%)
Shams Textile / May 12 Shams Textile Mills Limited(STML)	21.50 ▼ -2 (-8.51%)
Ellcot Spinning / May 12 Ellcot Spinning Mills Limited(ELSM)	103.20 ▼ -8.99 (-8.01%)
Suhail Jute / May 12 Suhail Jute Mills Limited(SUHJ)	80.01 ▼ -6.59 (-7.61%)
Din Tex. / May 12 Din Textile Mills Limited(DINT)	47 ▼ -2.99 (-5.98%)
Paramount Mod / May 12 First Paramount Modaraba(FPRM)	6.86 ▼ -0.42 (-5.77%)
Pak Paper Prod / May 12 Pakistan Paper Products Limited(PPP)	147.01 ▼ -7.1 (-4.61%)
Sakrand Sugar / May 12 Sakrand Sugar Mills Limited(SKRS)	11.80 ▼ -0.52 (-4.22%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	43 ▼ -1.87 (-4.17%)

Stock	Volume
K-Electric Ltd. / May 12 K-Electric Limited(KEL)	113,339,802 ▲ 0.55
At-Tahur Ltd. / May 12 At-Tahur Limited(PREMA)	75,586,776 ▲ 1.38
WorldCall Telecom / May 12 Worldcall Telecom Limited(WTL)	65,777,142 ▲ 0.15
Power Cement / May 12 Power Cement Limited(POWER)	38,991,042 ▲ 1.09
Cnergyico PK / May 12 Cnergyico PK Limited(CNERGY)	33,253,495 ▲ 1
B.O.Punjab / May 12 The Bank of Punjab(BOP)	30,799,662 ▲ 1
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	23,237,026 ▲ 1
Hub Power Co. / May 12 The Hub Power Company Limited(HUBC)	21,435,724 ▲ 12.58
Pak Int.Bulk / May 12 Pakistan International Bulk Terminal(PIBTL)	14,540,297 ▲ 1
Pace (Pak) Ltd. / May 12 Pace (Pakistan) Limited(PACE)	12,178,931 ▲ 0.96

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