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Print - 2004-04-16
Member To Member

Member To Member

Members have subsequently reported the transactions on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
Hashmi's conviction: Rashid terms US statement 'irresponsible'

Hashmi's conviction: Rashid terms US statement 'irresponsible'

While terming the US State Department's statement on Javed Hashmi case as irresponsible and an intervention in internal affairs of Pakistan, the Federal Minister for Information and Broadcasting Sheikh Rashid said that without knowing ground realities of
Published 16 Apr, 2004 12:00am
Diplomats urged to take note of Hashmi's victimisation

Diplomats urged to take note of Hashmi's victimisation

Terming the treatment being meted out to jailed Javed Hashmi as worst ever to any political leader, PML-N leaders on Thursday urged foreign diplomats to take notice of political victimisation at the hands of the present rulers.
Published 16 Apr, 2004 12:00am
Afghan official, 10 others killed in Taleban ambush

Afghan official, 10 others killed in Taleban ambush

Suspected Taliban fighters have killed a district police chief and his nine bodyguards in south-eastern Afghanistan, an official said on Thursday, in the latest of a spate of bloody ambushes by insurgents.
Published 16 Apr, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
Afghan official, 10 others killed in Taleban ambush

Afghan official, 10 others killed in Taleban ambush

Suspected Taliban fighters have killed a district police chief and his nine bodyguards in south-eastern Afghanistan, an official said on Thursday, in the latest of a spate of bloody ambushes by insurgents.
Published 16 Apr, 2004 12:00am
Work on Kurram Tangi Dam to start from August 14

Work on Kurram Tangi Dam to start from August 14

Construction work on long awaited Kurram Tangi Dam will be started on August 14, 2004. President General Pervez Musharraf is expected to inaugurate this mega project in district Lakki Marwat. It will be completed in four years period with estimated cost o
Published 16 Apr, 2004 12:00am
Dewan Mushtaq takes over Allied Groups stake in AML

Dewan Mushtaq takes over Allied Groups stake in AML

Arif Habib Securities Limited has brokered a deal between Dewan Mushtaq Group and Allied Group in which Dewan Group has taken over Allied Groups' stake in Allied Motors Limited.
Published 16 Apr, 2004 12:00am
EU launches phase II of Euro 41 million AIP

EU launches phase II of Euro 41 million AIP

The European Union (EU) has launched the second phase of Euro 41 million Asia Invest Programme (AIP), which is aimed at promoting business between Asia and Europe, especially through arranging match-making leading to joint ventures between companies in th
Published 16 Apr, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
EU launches phase II of Euro 41 million AIP

EU launches phase II of Euro 41 million AIP

The European Union (EU) has launched the second phase of Euro 41 million Asia Invest Programme (AIP), which is aimed at promoting business between Asia and Europe, especially through arranging match-making leading to joint ventures between companies in th
Published 16 Apr, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 16 Apr, 2004 12:00am
European states scoff Osama's 'truce' offer

European states scoff Osama's 'truce' offer

European leaders roundly dismissed on Thursday an apparent "truce" offer by Osama bin Laden, saying the idea of negotiating with the Western world's most wanted man was absurd.
Published 16 Apr, 2004 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 16 Apr, 2004 12:00am
European states scoff Osama's 'truce' offer

European states scoff Osama's 'truce' offer

European leaders roundly dismissed on Thursday an apparent "truce" offer by Osama bin Laden, saying the idea of negotiating with the Western world's most wanted man was absurd.
Published 16 Apr, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.
Published 16 Apr, 2004 12:00am
Dewan Mushtaq takes over Allied Groups stake in AML

Dewan Mushtaq takes over Allied Groups stake in AML

Arif Habib Securities Limited has brokered a deal between Dewan Mushtaq Group and Allied Group in which Dewan Group has taken over Allied Groups' stake in Allied Motors Limited.
Published 16 Apr, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
OIC calls meeting on Middle East and Iraq on April 22

OIC calls meeting on Middle East and Iraq on April 22

The Organisation of the Islamic Conference (OIC) aims to hold an emergency ministerial meeting on the Palestinian issue and Iraq on April 22, assistant secretary general Abdul Aziz Abu Ghosh said on Thursday.
Published 16 Apr, 2004 12:00am
World Bank sees no serious delay to work in Iraq

World Bank sees no serious delay to work in Iraq

The World Bank's drive to revive Iraq's weakened economy should not suffer serious delay because of the spiralling violence in the country, the head of the bank's mission to Iraq said on Thursday.
Published 16 Apr, 2004 12:00am
Court, street protests challenge French reforms

Court, street protests challenge French reforms

A key French labour reform came under attack on Thursday as angry jobless took to the streets over cuts to benefits for the long-term unemployed, and a court set a precedent by ordering the benefits be reinstated.
Published 16 Apr, 2004 12:00am
Indian reforms to stay on course, vote to set pace

Indian reforms to stay on course, vote to set pace

India will press ahead with its on-off economic liberalisation regardless of who wins the upcoming national elections, but the pace of reform will be dictated by the strength the winning party can muster, analysts say.
Published 16 Apr, 2004 12:00am
Arabs rich in resources but poor in trade: UN

Arabs rich in resources but poor in trade: UN

The Arab world's share of the global economy falls far short of its share of oil wealth and people mainly because it has failed to attract investment, a UN report released on Thursday said.
Published 16 Apr, 2004 12:00am
US and UK pledge aid in bid to save Cyprus plan

US and UK pledge aid in bid to save Cyprus plan

The United States and Britain pledged generous aid on Thursday to help reunite Cyprus in a bid to save a troubled UN peace plan which gained an unexpected boost from Greece ahead of a crucial referendum next week.
Published 16 Apr, 2004 12:00am
PepsiCo posts 15 percent rise in quarterly profit

PepsiCo posts 15 percent rise in quarterly profit

PepsiCo Inc posted a 15 percent rise in quarterly profit on Thursday on strength in some of its biggest brands such as Pepsi-Cola and Lay's potato chips, and forecast full-year earnings at the top of its expected range.
Published 16 Apr, 2004 12:00am
PepsiCo posts 15 percent rise in quarterly profit

PepsiCo posts 15 percent rise in quarterly profit

PepsiCo Inc posted a 15 percent rise in quarterly profit on Thursday on strength in some of its biggest brands such as Pepsi-Cola and Lay's potato chips, and forecast full-year earnings at the top of its expected range.
Published 16 Apr, 2004 12:00am
Citigroup's first-quarter profit rises

Citigroup's first-quarter profit rises

Citigroup Inc on Thursday said first-quarter profit rose 29 percent to a record high, on double-digit growth in consumer and investment banking and all other major product lines.
Published 16 Apr, 2004 12:00am
Citigroup's first-quarter profit rises

Citigroup's first-quarter profit rises

Citigroup Inc on Thursday said first-quarter profit rose 29 percent to a record high, on double-digit growth in consumer and investment banking and all other major product lines.
Published 16 Apr, 2004 12:00am
Chinese economy up 9.7 percent, investment surge a worry

Chinese economy up 9.7 percent, investment surge a worry

China's economy expanded 9.7 percent in the year through the first quarter as heavy investment helped to extend rapid growth that is fanning fears of economic overheating and expectations of further credit tightening.
Published 16 Apr, 2004 12:00am
EU gives food safety go-ahead to new states

EU gives food safety go-ahead to new states

The EU gave its blessing on Thursday to the 10 mostly ex-communist states due to enter the bloc to sell food products across the expanded region, removing fears they might be excluded from lucrative markets for failing to meet EU food safety standards.
Published 16 Apr, 2004 12:00am
US MIDDAY: gold cuts losses on fund liquidation

US MIDDAY: gold cuts losses on fund liquidation

COMEX gold fell to a near five-week low early Thursday, but then cut losses after a surprise jump in weekly jobless claims set back the dollar and provided precious metals a brief respite from fund liquidation.
Published 16 Apr, 2004 12:00am
US MIDDAY: copper lower on jobless data

US MIDDAY: copper lower on jobless data

COMEX copper futures held to lower levels in a narrow range Thursday morning with continued strength in the dollar applying the main pressure, traders said.
Published 16 Apr, 2004 12:00am
US MIDDAY: soyabeans down on speculative sales

US MIDDAY: soyabeans down on speculative sales

Chicago Board of Trade nearby soyabeans were sharply lower at midday Thursday after falling the 50-cent daily limit on heavy speculative sales in a setback from Wednesday's double-digit gains, traders said.
Published 16 Apr, 2004 12:00am
US MIDDAY: corn futures weaker

US MIDDAY: corn futures weaker

Corn futures at the Chicago Board of Trade were weaker early Thursday, led lower by the new-crop months due to a rapid planting pace of the 2004 US corn crop, traders said.
Published 16 Apr, 2004 12:00am
US MIDDAY: sugar softer on speculative sales

US MIDDAY: sugar softer on speculative sales

CSCE raw sugar futures settled easier Thursday on late speculative sales in a session which featured switch business, as players dumped the May contract ahead of its expiration on April 30, dealers said.
Published 16 Apr, 2004 12:00am
US MIDDAY: coffee futures easier

US MIDDAY: coffee futures easier

CSCE coffee futures closed marginally easier Thursday in mostly switch trade as the market seemed to take a breather after sinking earlier in the week to a three-month low, brokers said.
Published 16 Apr, 2004 12:00am
US MIDDAY: cocoa dips on fund rolling

US MIDDAY: cocoa dips on fund rolling

CSCE cocoa futures in New York settled lower Thursday on continued fund rolling ahead of first notice day as well as outright speculative selling which pressured prices throughout the day, dealers said.
Published 16 Apr, 2004 12:00am
LME ends mostly down, aluminium bucks trend to gain

LME ends mostly down, aluminium bucks trend to gain

Base metals generally trended lower during late Thursday trading on the London Metal Exchange (LME), with only aluminium bucking the trend to finish the open-outcry sessions higher.
Published 16 Apr, 2004 12:00am
Gold and silver fall in Europe on buoyant dollar

Gold and silver fall in Europe on buoyant dollar

Gold and silver fell in Europe on Thursday as the market groped for composure after Wednesday's slide to one month lows as the dollar surged against the euro, dealers said.
Published 16 Apr, 2004 12:00am
Rothschild to exit gold market after 200 years

Rothschild to exit gold market after 200 years

The venerable London-based merchant bank N M Rothschild is exiting the gold market after 200 years, including 80 years of chairing the twice-daily meeting that fixes the London benchmark gold price.
Published 16 Apr, 2004 12:00am
New York cotton settles higher

New York cotton settles higher

NYCE cotton futures settled higher on Thursday on steady speculative fund buying and the positive mood established by the weekly USDA export sales report, analysts said.
Published 16 Apr, 2004 12:00am
London sugar mixed

London sugar mixed

London sugar futures closed mixed on Thursday with traders talking of larger than expected deliveries of Brazilian cargoes at the expiry of the May contract.
Published 16 Apr, 2004 12:00am
Oil rises on Saudi tension, US gas supply worries

Oil rises on Saudi tension, US gas supply worries

Oil prices rose on Thursday amid the threat of fresh attacks in Saudi Arabia, the world's largest oil supplier, and worries over US gasoline supplies ahead of the peak driving season.
Published 16 Apr, 2004 12:00am
Sugar prices to soar in new EU states

Sugar prices to soar in new EU states

Sugar prices look set to rocket in the 10 mostly central and east European countries set to join the EU in two weeks' time as they adapt to the bloc's protectionist regime, a leading industry group said on Thursday.
Published 16 Apr, 2004 12:00am
London cocoa weak

London cocoa weak

London cocoa futures fell on Thursday on structural activity and with thin outright trade as a European quarterly grind number showed a growth in line with expectations and failed to add upward momentum, dealers said.
Published 16 Apr, 2004 12:00am
Malaysian palm oil up on soya

Malaysian palm oil up on soya

Malaysian crude palm oil (CPO) futures bounced back above the psychologically-important 1,900-ringgit-a-tonne level on Thursday, spurred by a surge in rival Chicago soyaoil.
Published 16 Apr, 2004 12:00am
Pests, poor prices hit Indonesian cocoa

Pests, poor prices hit Indonesian cocoa

Pest infestations and poor prices have restricted Indonesia's efforts to improve cocoa bean quality and expand its market, a top industry official said on Thursday.
Published 16 Apr, 2004 12:00am
CBOT rice futures end mixed on commercial buying

CBOT rice futures end mixed on commercial buying

Chicago Board of Trade rice futures closed mixed on Wednesday, with commercial buying supporting nearby contracts and active plantings pressuring deferred, traders said.
Published 16 Apr, 2004 12:00am
Soyabeans and soya products sharply higher

Soyabeans and soya products sharply higher

Chicago Board of Trade soyabean and soyameal futures ended sharply higher on Wednesday after late speculative buying, while soyaoil ended up after the National Oilseed Processors Association reported a drop in its members' soyaoil stocks, traders said.
Published 16 Apr, 2004 12:00am
CSCE sugar settles firm on speculative buying

CSCE sugar settles firm on speculative buying

CSCE raw sugar futures closed higher on Wednesday on speculative buying and switch business as players moved positions away from spot May before it expires at the end of the month, dealers said.
Published 16 Apr, 2004 12:00am
Russian grain exports plummet

Russian grain exports plummet

Russia's grain exports fell sharply in February as a consequence of the introduction of an export duty on wheat and rye and a rise in domestic barley prices, which had seriously cut barley export efficiency.
Published 16 Apr, 2004 12:00am
Malaysian palm oil exports crawl as supply slows

Malaysian palm oil exports crawl as supply slows

Malaysian palm oil exports are rising slowly in April defying hopes of a sharp jump as output concerns and China's demand stay below expectations, traders and shippers said.
Published 16 Apr, 2004 12:00am
Ukraine cuts palm oil imports in February

Ukraine cuts palm oil imports in February

Ukraine cut imports of palm oil sharply to 3,300 tonnes in February from 8,400 tonnes in January 2004 and 12,400 tonnes in December 2003, local analysts said on Thursday.
Published 16 Apr, 2004 12:00am
Shanghai aluminium strong

Shanghai aluminium strong

Shanghai copper and aluminium climbed on Thursday after a strong performance by London Metal Exchange (LME) contracts, with three-month aluminium soaring to a new 8-1/2 year high above $1,800, traders said.
Published 16 Apr, 2004 12:00am
Nymex crude edges down

Nymex crude edges down

Nymex crude oil futures inched lower on Thursday after the US government revealed a smaller build in crude stocks last week, compared with figures from an industry group, traders said.
Published 16 Apr, 2004 12:00am
Tokyo platinum surges to one-month high

Tokyo platinum surges to one-month high

Tokyo platinum futures rose sharply to a one-month high on Thursday on active technical buying ahead of the prompt contract's expiration in less than two weeks, traders said.
Published 16 Apr, 2004 12:00am
New York precious metals disabled by strong dollar

New York precious metals disabled by strong dollar

Comex gold and silver skidded to one-month lows on Wednesday and closed down as fears of inflation lifted the dollar and fanned speculation that US interest rates must soon rise to cool the economy.
Published 16 Apr, 2004 12:00am
Comex copper gains in dramatic turnaround

Comex copper gains in dramatic turnaround

Comex copper futures ended with steep gains in a dramatic turnaround on Wednesday that drew speculative buyers back into the market after a slew of strong US economic data implied a growing need for the metal, traders said.
Published 16 Apr, 2004 12:00am
China seen importing more rice: USDA

China seen importing more rice: USDA

The US Agriculture Department's attache in Beijing released the following report, dated April 2, on the rice outlook for China.
Published 16 Apr, 2004 12:00am
US cotton sales seen slowing, shipments strong

US cotton sales seen slowing, shipments strong

US cotton sales should slow with the amount of fiber available from producers seen declining, when a government report is released on Thursday, brokers said Wednesday.
Published 16 Apr, 2004 12:00am
CSCE coffee futures up on commercial buying

CSCE coffee futures up on commercial buying

CSCE coffee futures finished higher on Wednesday as roaster and commercial buying sparked a rebound from Tuesday's fall to a three-month low, brokers said.
Published 16 Apr, 2004 12:00am
New York cocoa higher

New York cocoa higher

CSCE cocoa futures in New York ended on Wednesday with modest gains on the back of spread activity accompanied by a flurry of fund short-covering and industry buying, dealers said.
Published 16 Apr, 2004 12:00am
Kirana items mixed on Jodia Bazar

Kirana items mixed on Jodia Bazar

Some variations were seen in kirana items as the Jodia Bazar amid modest business on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
Few changes seen on grain market

Few changes seen on grain market

Gram sector had several changes while scattered variations were also seen elsewhere on the seed and grain wholesale markets on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
Couple of deals finalised on cotton market

Couple of deals finalised on cotton market

A couple of deals were finalised on the cotton market, which surprised the sellers, who are showing understanding of the manufacturers and exporters problems, sources said.
Published 16 Apr, 2004 12:00am
Oil cake market rates

Oil cake market rates

The May vaida opened unchanged at Rs 454.10, and rose by 80 paisa and claimed to be the highest at Rs 454.90.
Published 16 Apr, 2004 12:00am
Slump continues in cotton market

Slump continues in cotton market

Slump conditions continued in the domestic market this week as lint prices suffered further losses ranging from Rs 100 to Rs 150 per mound (37.32 kgs) compared to last week.
Published 16 Apr, 2004 12:00am
Slump continues in cotton market

Slump continues in cotton market

Slump conditions continued in the domestic market this week as lint prices suffered further losses ranging from Rs 100 to Rs 150 per mound (37.32 kgs) compared to last week.
Published 16 Apr, 2004 12:00am
CBOT wheat ends up on recovery

CBOT wheat ends up on recovery

Wheat futures at the Chicago Board of Trade closed higher Wednesday on a technical recovery from the break Tuesday to three-week lows and on spill-over from a surge in soy, traders said.
Published 16 Apr, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 93,856 tonnes of cargo including 60,710 tonnes import and 33,146 tonnes export cargo during last 24 hours ending at 0700 hours on Thursday.
Published 16 Apr, 2004 12:00am
Danish Maersk awaits Indian approval on port bid

Danish Maersk awaits Indian approval on port bid

Danish shipping and oil group A. P. Moeller-Maersk has bid an undisclosed amount for an Indian shipping port, the company said on Thursday, amid political resistance in India to foreign ownership of such facilities.
Published 16 Apr, 2004 12:00am
Singapore bunker prices down

Singapore bunker prices down

Singapore bunker prices for heavy fuel oil were lower on Thursday as access to the ship fuel was freed up by the decongestion of the port, traders said.
Published 16 Apr, 2004 12:00am
China credit curb threatens aluminium expansion

China credit curb threatens aluminium expansion

The Chinese government's latest step toward curbing the country's rapid economic growth could kill plans to build new aluminium smelters and slow down projects already under construction, industry officials and analysts said.
Published 16 Apr, 2004 12:00am
Indian copper firm to ramp up output in July

Indian copper firm to ramp up output in July

Indian copper firm SWIL Ltd will gradually raise output from July at their new plant, which recently started production after a six-year delay, a senior company official said on Thursday.
Published 16 Apr, 2004 12:00am
Kenyan coffee prices down

Kenyan coffee prices down

Kenyan coffee prices mostly slipped at this week's auction but top quality beans fetched premiums as buyers stocked up on the few good qualities available, traders said on Thursday.
Published 16 Apr, 2004 12:00am
Ukraine sunseed and sunoil exports

Ukraine sunseed and sunoil exports

Ukraine's sunflower oil exports were unchanged in February at 67,200 tonnes, analysts said on Thursday.
Published 16 Apr, 2004 12:00am
COT to be phased out by year-end

COT to be phased out by year-end

Dr Tariq Hassan Chairman Securities and Exchange Commission of Pakistan (SECP) has said that the recommendations of the experts committee on de-mutualisation of stock exchanges will be implemented by the end of year as a part of ongoing capital market ref
Published 16 Apr, 2004 12:00am
COT to be phased out by year-end

COT to be phased out by year-end

Dr Tariq Hassan Chairman Securities and Exchange Commission of Pakistan (SECP) has said that the recommendations of the experts committee on de-mutualisation of stock exchanges will be implemented by the end of year as a part of ongoing capital market ref
Published 16 Apr, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 16 Apr, 2004 12:00am
No decision yet on import of used cars

No decision yet on import of used cars

Finance Minister Shaukat Aziz has said that no decision has been taken by the government as yet whether to allow import of re-conditioned cars.
Published 16 Apr, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 16 Apr, 2004 12:00am
No decision yet on import of used cars

No decision yet on import of used cars

Finance Minister Shaukat Aziz has said that no decision has been taken by the government as yet whether to allow import of re-conditioned cars.
Published 16 Apr, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am