News Archives for Print - 2004-04-18

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Print - 2004-04-18

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

Currency values in term of Special Drawing Rights

The International Monetary Fund(IMF), treasuries' department's currency values in terms of Special Drawing Rights(SDR).

Published 18 Apr, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (April 17, 2004).

Published 18 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 Saturday (April 17, 2004).

Published 18 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 Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

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 Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

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 18 Apr, 2004 12:00am

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 18 Apr, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (April 17, 2004).

Published 18 Apr, 2004 12:00am

Russia to open Volga-Baltic river cargo route

Russia's Volga-Baltic river transport route will open for cargo traffic on April 30, a senior river transport official said on Thursday.

Published 18 Apr, 2004 12:00am

Brazil sugar vessels line-up rises

The line-up of vessels to load sugar in Brazil's ports increased to 21, up from 19 a week ago, shipping agent Williams said on Thursday.

Published 18 Apr, 2004 12:00am

California ports seen missing trade boom

California needs to expand its seaports, airports and other shipping infrastructure to avoid missing much of an expected boom in international trade with Asia, according to a report released on Wednesday.

Published 18 Apr, 2004 12:00am

Asian freight rates steady

Panamax dry bulk rates were steady on Tuesday but many Asian brokers were awaiting direction from Europe, which returns to the market later in the day after the long Easter weekend, regional brokers said.

Published 18 Apr, 2004 12:00am

Ports of Auckland plans to sell marinas

New Zealand's largest port company Ports of Auckland Ltd said on Thursday the government intended to buy its Westhaven Marina for NZ$52 million ($33 million) and would likely buy the Hobson West Marina.

Published 18 Apr, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 105,770 tonnes of cargo including 82,398 tonnes import and 23,372 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.

Published 18 Apr, 2004 12:00am

Business at Basel watch fair briskest in years

Business at the Basel watch and jewellery fair is at its briskest since before the 2001 attacks on the United States plunged the luxury sector into recession, exhibitors at the industry's largest trade fair say.

Published 18 Apr, 2004 12:00am

G7 officials to hold talks with China on foreign exchange

Officials from Japan, the United States and Europe plan to hold talks with their Chinese counterparts on foreign exchange reforms ahead of a meeting of Group of Seven ministers next week, a newspaper said on Saturday.

Published 18 Apr, 2004 12:00am

US business group fears new trade rift with Europe

A US business group on Friday predicted a legal nightmare and a new strain in trade relations with the European Union if Congress extends anti-terror sanctions to foreign subsidiaries of US companies.

Published 18 Apr, 2004 12:00am

Dubal to boost aluminium production capacity

Dubai Aluminium Company Limited (Dubal) announced Saturday a new expansion of production capacity to 761,000 tonnes per annum (tpa) in a bid to consolidate its position as one of the world's lowest cost producers.

Published 18 Apr, 2004 12:00am

Indian exports soar, cross annual target

Indian exports shrugged off the impact of a rising rupee and crossed the 12 percent annual growth target to rise to $61.84 billion in the fiscal year ended March.

Published 18 Apr, 2004 12:00am

Opec still overproducing

Opec President Purnomo Yusgiantoro said on Saturday he would visit Russia to talk about the global oil market, adding the cartel was allowing members to produce above official output limits as oil prices stayed high.

Published 18 Apr, 2004 12:00am

Karzai breaks ground for five-star hotel

Afghan President Hamid Karzai attended the ground-breaking ceremony for a 39-million-dollar, five-star hotel here on Saturday.

Published 18 Apr, 2004 12:00am

US deports former executive of Bank of China

A former Bank of China manager convicted in the United States of embezzling $485 million has been deported to face legal charges in China, in the latest scandal to hit the top bank.

Published 18 Apr, 2004 12:00am

Moscow airport opens new sleek terminal

Moscow's Vnukovo airport launched a sleek new international terminal on Saturday as part of a $1.3 billion modernisation plan aimed to help it cash in on Russians' new found-love of foreign travel.

Published 18 Apr, 2004 12:00am

Medtronic recalls two implantable heart devices

Medtronic Inc on Friday said it was recalling two older models of certain heart devices after the company became aware of four deaths and one serious injury that could be related to the failure of a key part of one of them.

Published 18 Apr, 2004 12:00am

US retailers urge panel kill Chinese TV duties

The United States' two largest television retailers urged a US trade panel on Thursday to block anti-dumping duties on Chinese-made color TVs that the Bush administration plans to impose in June.

Published 18 Apr, 2004 12:00am

Singapore and Malaysian bourses to explore link-up

Southeast Asia's largest stock exchange, Singapore Exchange Ltd, said on Friday it had started preliminary talks to link up with Malaysia's bourse as ties between the neighbouring countries warm.

Published 18 Apr, 2004 12:00am

Turkey pledges more bank reforms in IMF LoI

Turkey has promised the International Monetary Fund further banking-sector reforms in its latest letter of intent under a $19 billion loan pact.

Published 18 Apr, 2004 12:00am

New Mexico to re-examine Intel environment study

The New Mexico Health Department will re-evaluate parts of an air quality study that reported last month that health problems were not caused by an Intel Corp factory, a health official said on Friday.

Published 18 Apr, 2004 12:00am

EU biotech label laws to come into force

A wide range of food with small traces of genetically modified ingredients will need to be specially labelled under new European Union rules from this weekend as the bloc struggles to accept biotech goods.

Published 18 Apr, 2004 12:00am

Cuba and US sign deals worth $100 million

At the conclusion of four days of talks in Havana, Cuban representatives signed deals to buy more than 100 million dollars worth of food and agricultural items from US producers, trade officials announced here.

Published 18 Apr, 2004 12:00am

Shanghai copper futures slide

Shanghai copper contracts posted losses on Friday as weak market sentiment again triggered a slide, precipitated by a minor fall on the London Metal Exchange (LME), traders said.

Published 18 Apr, 2004 12:00am

Comex copper ends with sharp gains

Comex copper futures finished with substantial gains on Friday, after potential labour problems at the world's largest copper producer, unexpectedly robust US housing data and a weaker dollar triggered buying, traders said.

Published 18 Apr, 2004 12:00am

Good monsoon to boost India's grain and sugar exports

Good monsoon rains in India, as forecast by the weather office, will boost the country's farm output for the second straight year and prompt the government to allow unrestricted exports, industry officials said on Friday.

Published 18 Apr, 2004 12:00am

Malaysian tin down

Malaysia's tin price fell $165 on Friday after factoring in an overnight drop in London but strong Japanese demand helped stave off excessive pressure, dealers said.

Published 18 Apr, 2004 12:00am

AWF forecasts record Australia wheat crop for 2004-05

Private group Australian Wheat Forecasters Pty Ltd (AWF) on Friday forecast that Australia would smash all records to produce a bumper 27.5 million tonnes wheat crop in 2004/05.

Published 18 Apr, 2004 12:00am

Tokyo rubber retreats

Tokyo rubber futures retreated from a one-month high on Friday as operators took profits before the weekend, although sentiment remained firm on the back of the yen's weakness and expectations for Chinese buying, brokers said.

Published 18 Apr, 2004 12:00am

CSCE sugar finishes higher amid modest trading

CSCE raw sugar futures ended higher on Friday on modest trade and fund buying, although a steady stream of producer sales trimmed the sweetener's advance, brokers said.

Published 18 Apr, 2004 12:00am

New York gold and silver rebound on weak dollar, mixed data

Comex precious metals rebounded on Friday as traders switched out of the dollar after mixed US economic data and assessed whether gold's fall from 15-year highs cleared the way for the 2004 rally to resume.

Published 18 Apr, 2004 12:00am

CBOT rice firm

Chicago Board of Trade rough rice futures closed higher on Friday on commercial and late fund buying, traders said.

Published 18 Apr, 2004 12:00am

CBOT soya, products move up

Chicago Board of Trade soyabean ended firm on Friday on worries about No 2 global Soya producer Brazil's crop and on a recovery from Thursday's 50-cent limit-down close in nearby months, traders said.

Published 18 Apr, 2004 12:00am

Rebounding dollar pressures commodities

A resurgent dollar piled pressure on world commodity markets last week.

Published 18 Apr, 2004 12:00am

Kirana items lower on Jodia Bazar

Some kirana items showed variations on the Jodia Bazar amid modest business.

Published 18 Apr, 2004 12:00am

Egypt interested in UK wheat

The Egyptian government is interested in the possibility of importing British wheat, Supply Minister Hassan Khidr said on Saturday.

Published 18 Apr, 2004 12:00am

Oil cake market rates

The May vaida opened at Rs 456.70 and highest was marked at Rs 457.40. Later it lost pace and lost to be quoted lowest at Rs 456.10 while closing was seen at Rs 456.40.

Published 18 Apr, 2004 12:00am

Moderate trading continues on cotton market

Buying support was marked again on the cotton market on Saturday where around 3000 bales of cotton changed hands, relevant sources said.

Published 18 Apr, 2004 12:00am

Wheat down on grain market

Gram varieties, guwar, cereals and rapeseed underwent changes on the seed and grain wholesale markets on Saturday.

Published 18 Apr, 2004 12:00am

Hong Kong bankruptcy petitions creep up in March

Bankruptcy petition filings in Hong Kong rose slightly in March, despite an improvement in the unemployment rate and other economic indicators.

Published 18 Apr, 2004 12:00am

Canadian dollar speculators cut net-long positions

Speculators in IMM Canadian dollar futures cut their net-long positions by more than half in the period ended April 12, data from the Commodity Futures Trading Commission showed on Friday.

Published 18 Apr, 2004 12:00am

Dollar hurt by soft US data, profit-taking

The dollar weakened on Friday as a fairly disappointing batch of US economic data encouraged traders to take profits on earlier gains.

Published 18 Apr, 2004 12:00am

Forex market views and key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market.

Published 18 Apr, 2004 12:00am

Indian foreign exchange reserves hit new high

India's foreign exchange reserves soared to a record $116.06 billion in the week ended April 9 as capital inflows gathered pace and the central bank stepped up its presence in the currency market, analysts said.

Published 18 Apr, 2004 12:00am

Japan's FX intervention fights deflation

Japan's efforts to hold the yen down were aimed at fighting deflation and would be understood by Group of Seven officials, a newspaper on Saturday quoted Finance Minister Sadakazu Tanigaki as saying.

Published 18 Apr, 2004 12:00am

Argentine stocks fall

Argentina's shares closed lower on Friday, dragged down in low volume with few buyers in the market after future options expired the previous session.

Published 18 Apr, 2004 12:00am

Brazil markets end firmer

Investors drove Brazil's stocks higher on Friday despite a slew of analysts' reports addressing concerns higher US interest rates could crimp investment flows to the nation.

Published 18 Apr, 2004 12:00am

Canadian bonds jump as Fed hike seen

The Canadian bond prices gained a little ground across the board on Friday, after some recent losses, helped by a report that said a US rate hike should not be expected too soon.

Published 18 Apr, 2004 12:00am

Canadian bonds jump as Fed hike seen

The Canadian bond prices gained a little ground across the board on Friday, after some recent losses, helped by a report that said a US rate hike should not be expected too soon.

Published 18 Apr, 2004 12:00am

US Treasuries benefit from patient Fed, weak data

Prices of US Treasuries rose on Friday as supportive comments from a Fed official and surprise declines in industrial output and consumer confidence helped offset fears of an imminent interest rate hike.

Published 18 Apr, 2004 12:00am

US Treasuries benefit from patient Fed, weak data

Published 18 Apr, 2004 12:00am

American credit market outlook

Analysts at Lehman Brothers on Friday recommended Time Warner Inc over Clear Channel Communications Inc in the credit derivatives market.

Published 18 Apr, 2004 12:00am

American credit market outlook

Analysts at Lehman Brothers on Friday recommended Time Warner Inc over Clear Channel Communications Inc in the credit derivatives market.

Published 18 Apr, 2004 12:00am

Rand likely to determine direction for South African stocks

The volatile rand is expected to determine overall direction for the South African stock market next week, stealing the show from an interest rate decision and results from retailer Pick n' Pay.

Published 18 Apr, 2004 12:00am

US corporate bonds spread unchanged

US corporate bond yield spreads were mostly unchanged on Friday, although traders reported better buying than earlier in the week as a positive session in equities lifted sentiment.

Published 18 Apr, 2004 12:00am

US corporate bonds spread unchanged

US corporate bond yield spreads were mostly unchanged on Friday, although traders reported better buying than earlier in the week as a positive session in equities lifted sentiment.

Published 18 Apr, 2004 12:00am

Mexican stocks climb on Walmex

Mexican stocks closed up 0.63 percent on Friday, buoyed by a positive corporate earnings outlook and purchases of Walmex shares on upbeat forecasts for retail sector performance.

Published 18 Apr, 2004 12:00am

Gold stocks lead Toronto stocks rally

Gold stocks helped Toronto stocks end on a positive note on Friday, after retreating as much as 4 percent during a week that was marred by fears about rising US interest rates.

Published 18 Apr, 2004 12:00am

Chile stocks make gains on telecoms and energy

Chile's stocks rose slightly on Friday in light, cautious trading as uncertainty about heavyweight telecommunications and energy stocks kept many investors waiting on the sidelines.

Published 18 Apr, 2004 12:00am

US blue chip stocks end up as rate-hike fears ebb

US blue chips ended higher on Friday after comments from a top Federal Reserve official eased fears of an early interest-rate hike, but technology stocks sagged after disappointing news from bellwethers International Business Machines Corp and Nokia Corp.

Published 18 Apr, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 27	277.03
USD PKR Interbank Buying / Nov 27	277.83
USD to Japanese Yen / Nov 27	151.96
USD to Swiss Franc / Nov 27	0.88
Pound Sterling to USD / Nov 27	1.26
Euro to USD / Nov 27	1.05

Stock	Volume
S&P 500 / Nov 26	6,021.63
Nasdaq / Nov 26	19,175.58
Dow Jones / Nov 26	44,860.31
India Sensex / Nov 27	80,416.35
Tokyo Nikkei / Nov 27	38,134.97
Hang Seng / Nov 27	19,595.16
FTSE 100 / Nov 27	8,261.85
Germany DAX 30 / Nov 27	19,236.54

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold 10 Grams PKR / Nov 26	239,716
Crude Oil USD/Barrel / Nov 27	69.12
Gold Spot USD/Ounce / Nov 27	2,647.32
Cotton US¢/pound / Nov 27	71.71
Petrol/Litre / Nov 28	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 28 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 28 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 28 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 28 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 28 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 28 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 28 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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