News Archives for Print - 2004-06-20

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Print - 2004-06-20

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

THE RUPEE: dollar mixed in forex market

The rupee on Saturday lost two paisa in relation to dollar in the interbank market for buying and selling at Rs 57.96 and Rs 57.97, dealers said.

Published 20 Jun, 2004 12:00am

THE RUPEE: dollar mixed in forex market

The rupee on Saturday lost two paisa in relation to dollar in the interbank market for buying and selling at Rs 57.96 and Rs 57.97, dealers said.

Published 20 Jun, 2004 12:00am

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on June 12, 2004.

Published 20 Jun, 2004 12:00am

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on June 12, 2004.

Published 20 Jun, 2004 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (June 19, 2004).

Published 20 Jun, 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 20 Jun, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 19, 2004).

Published 20 Jun, 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 (June 19, 2004).

Published 20 Jun, 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 (June 19, 2004).

Published 20 Jun, 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 (June 19, 2004).

Published 20 Jun, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (June 19, 2004).

Published 20 Jun, 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 (June 19, 2004).

Published 20 Jun, 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 (June 19, 2004).

Published 20 Jun, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (June 19, 2004).

Published 20 Jun, 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 20 Jun, 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 20 Jun, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (June 19, 2004).

Published 20 Jun, 2004 12:00am

China Shipping flat on Hong Kong debut

There were mixed fortunes for market newcomers China Shipping Container Lines (CSCL) and Tencent Holdings on Wednesday, indicating that investors are adopting a selective approach towards China IPOs.

Published 20 Jun, 2004 12:00am

Russian steel company buys port to improve exports

Russia's third-largest steel mill, Novolipetsk, has bought a controlling stake in a big Russian seaport for $100 million to strengthen its production-to-export network, a newspaper said on Wednesday.

Published 20 Jun, 2004 12:00am

NYK Lines in talks to build car terminal

Japanese shipping firm Nippon Yusen Kaisha (NYK Lines) is in talks with authorities in China's southern Guangzhou city to build a joint-venture car terminal in its Nansha port, a Hong Kong newspaper said on Tuesday.

Published 20 Jun, 2004 12:00am

Chittagong port's security tightened

Bangladesh has beefed up security at its main Chittagong port after a shipping body said the area around it was the second most unsafe in Asia following pirate attacks on ships, officials said on Thursday.

Published 20 Jun, 2004 12:00am

Asia coast guards agree to co-ordinate terror fight

Coast guards from 16 Asian countries and Hong Kong will work closely to combat possible terror attacks at sea in the region, including information sharing, Japanese officials said Friday after two days of talks.

Published 20 Jun, 2004 12:00am

Gulf VLCC freight east slips, rates west firmer

Freight prices for transporting crude from the Gulf were mixed this week as rates to the east slipped, while journeys west firmed, shipbrokers said on Friday.

Published 20 Jun, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 73,037 tonnes of cargo including 62,363 tonnes import and 10,674 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.

Published 20 Jun, 2004 12:00am

Patten pulls out of race to head EU executive

Briton Chris Patten withdrew from the race to become president of the European Union's executive Commission on Saturday after the bloc's leaders failed to resolve a bitter row over potential candidates.

Published 20 Jun, 2004 12:00am

Barclays drops bid for Cazenove

Barclays Capital, the investment banking arm of Britain's Barclays Plc, has dropped plans to bid for stockbroker Cazenove but may reconsider at a lower price, a source familiar with the situation said.

Published 20 Jun, 2004 12:00am

Barclays drops bid for Cazenove

Published 20 Jun, 2004 12:00am

Siemens pulls staff out of Iraq

The German technology group Siemens has again pulled some of its staff out of Iraq because of concern about deteriorating security, the newspaper Welt am Sonntag said in its edition to appear Sunday.

Published 20 Jun, 2004 12:00am

'India aims to put economy on 7 to 8 percent growth path'

India's new government will aim to put Asia's third-largest economy on a 7-8 percent annual growth path and continue reforms to help millions of poor, the deputy head of the national planning commission said on Saturday.

Published 20 Jun, 2004 12:00am

Trichet launches fight for moderate wages

European Central Bank President Jean-Claude Trichet urged companies and workers to join the fight against inflation by not pumping up wage settlements on the back of soaring oil prices.

Published 20 Jun, 2004 12:00am

Private rocket plane aiming for space flight prize

As the world's first privately funded rocket plane is being readied for a run at making history by climbing out of earth's atmosphere, its builders are already eyeing their next goal: winning a $10 million prize for pioneering commercial space flight.

Published 20 Jun, 2004 12:00am

ADB tries to change spots to please donors

Making good on promises it gave to get $7 billion in new funding, the Asian Development Bank is embarking on sweeping reforms aimed at turning bureaucrats into bankers better attuned to the needs of the private sector.

Published 20 Jun, 2004 12:00am

Bush spars with Democrats over jobs

President George W. Bush said on Saturday the US economy was gaining momentum and cited a drop in the unemployment rate in 46 states, as he sparred with Democrats over whether life was getting better for ordinary Americans.

Published 20 Jun, 2004 12:00am

World Bank to be more selective in oil and gas loans

The World Bank will continue to fund oil, coal and mining projects but will be more selective, it said on Friday in response to a review that recommended it phase out support for such projects.

Published 20 Jun, 2004 12:00am

Honda Accords, Mazda Sixes recalled in China

China's First Auto Works (FAW) has ordered the recall of some 100,000 automobiles made at its joint venture plants with Honda Motors Co and Mazda Motor Co for potential fuel tank problems, the company said on its websites.

Published 20 Jun, 2004 12:00am

India and US to begin space talks next week

Scientists and officials from India and the United States will meet here from Monday to dicuss options for joint space exploration projects, Indian officials said here.

Published 20 Jun, 2004 12:00am

Repair work of Iraq oil export pipeline delayed

Iraqi engineers have run into delays while repairing a sabotaged southern oil pipeline and now hope to resume partial exports on Sunday, officials said.

Published 20 Jun, 2004 12:00am

Tokyo rubber rises

Tokyo rubber futures jumped higher on Friday as a perception that supply was tight prompted short-holders to cover positions.

Published 20 Jun, 2004 12:00am

Thai rubber up

Thai rubber futures ended higher on Friday with volume surging to a daily high with 117 contracts traded compared to 111 contracts on Thursday, dealers said.

Published 20 Jun, 2004 12:00am

Soyabean futures end mixed; commercials buy July

Chicago Board of Trade soyabean futures ended mixed on Friday with nearby contracts supported by commercial buying, bull spreads and worries about tight US soyabean supplies through this summer, traders said.

Published 20 Jun, 2004 12:00am

Indonesia coffee: robusta arrivals trickle as prices fall

Indonesian robusta farmers are holding back stocks in hope of better returns after local prices dived more than 10 percent week-on-week, tracking Brazil-linked weather concerns in the London market, traders say.

Published 20 Jun, 2004 12:00am

Shanghai copper softens

Shanghai copper futures closed down on Friday despite a strong overnight rise on the London Metal Exchange, as gains fast became losses in a rudderless market, traders said.

Published 20 Jun, 2004 12:00am

Malaysian tin ends flat

Malaysian tin ended flat on Friday despite gains on the London Metal Exchange (LME), with the high local premium deterring European buyers.

Published 20 Jun, 2004 12:00am

Australian wool prices make further gains in week

The Australian wool market made further gains with prices rising 0.9 percent on average values this week, buoyed by the continued weakness of the Australian dollar, analysts said on Friday.

Published 20 Jun, 2004 12:00am

CBOT rice ends mixed; liquidation hits July

Chicago Board of Trade rough rice futures settled mixed on Friday, with speculative liquidation weighing on nearby July, brokers said.

Published 20 Jun, 2004 12:00am

Sugar sharply lower in New York on profit-taking

NYBOT raw sugar futures reeled from a barrage of fund profit-taking and producer sales to settle weakly on Friday, scuttling a rally that hoisted the sweetener to its best level since early June, brokers said.

Published 20 Jun, 2004 12:00am

New York gold jumps as dollar sold on US trade data

Comex gold went up another 1.6 percent on Friday after news of a record first-quarter US current account deficit caused a sell-off in the dollar on concern about US international trade competitiveness.

Published 20 Jun, 2004 12:00am

Comex copper modestly lower on dollar losses

Comex copper closed with moderate losses on Friday, its direction being dictated primarily by the weaker dollar after a record US current account deficit was reported, but traders said the thin trading conditions accounted for exaggerated moves as locals

Published 20 Jun, 2004 12:00am

Oil prices rebound in international markets

Oil prices rebounded this week, lifted by sabotage attacks on key pipelines in Iraq that halted the country's exports and reignited concerns over supply.

Published 20 Jun, 2004 12:00am

Russia may raise sugar imports

Russia may import more raw sugar in 2005 if it manages to rapidly eliminate excessive stocks accumulated in previous years, an analyst said on Thursday.

Published 20 Jun, 2004 12:00am

China and Brazil expect solution to soya dispute

China and Brazil expect a costly dispute over soya imports to be resolved in upcoming talks, Brazil's president said on Friday after receiving a message from his Chinese counterpart.

Published 20 Jun, 2004 12:00am

Oil cake market rates

The July vaida opened at Rs 487.50 and gained Rs 1.50 to claim to be the highest at Rs 489. Later trading depressed and it lost to turn lowest at Rs 487.50 and closing seen higher at Rs 488.80.

Published 20 Jun, 2004 12:00am

3,000 bales change hands on cotton market

Around 3000 bales of cotton changed hands at declining rates on Saturday, also consoling the ginners that sales appeared to have been picking up, relevant sources said.

Published 20 Jun, 2004 12:00am

Rapeseed cakes up on grain market

Scattered variations were marked on the seed and grain wholesale markets on Saturday amid modest business transaction.

Published 20 Jun, 2004 12:00am

Plastic mouldings down on Jodia Bazar

Plastic mouldings has been keeping low profile generally amid boost in purchases, on the Jodia Bazar.

Published 20 Jun, 2004 12:00am

Brazil real down on Senate defeat

Brazil's currency eased on Friday as investors worried that a government defeat in a Senate vote on the nation's minimum wage could foretell further problems in passing economic reforms.

Published 20 Jun, 2004 12:00am

ECB sees inflation below 2 percent

Euro zone inflation is set to drop below two percent, provided that wage demands do not soar on the back of high oil prices, European Central Bank President Jean-Claude Trichet was quoted as saying on Saturday.

Published 20 Jun, 2004 12:00am

Indian foreign exchange reserves dip

India's foreign exchange reserves dipped for a second straight week to $119.35 billion on June 11, as the dollar posted small gains overseas against other major currencies and foreign funds pared positions, analysts said.

Published 20 Jun, 2004 12:00am

Dollar drops on widening current account gap

The dollar fell broadly on Friday, pushed down by a report that showed the US current account gap widened more than expected in the first quarter.

Published 20 Jun, 2004 12:00am

Canadian dollar climbs after US data, bonds up

The Canadian dollar strengthened against the US currency on Friday as the greenback came under pressure following a report that showed the US current account gap widened to a new record.

Published 20 Jun, 2004 12:00am

IMM euro speculators cut net long position: CFTC

Speculators in euro futures reduced its net long position in the week ended June 15, data from the Commodity Futures Trading Commission showed on Friday.

Published 20 Jun, 2004 12:00am

BoE says interest rates edging up

Bank of England policy maker Richard Lambert says the interest rate cycle is edging up but denies the Bank has abandoned its gradualist approach to raising rates, a newspaper said on Saturday.

Published 20 Jun, 2004 12:00am

Mexican stocks end higher

Mexican stocks ended higher on Friday in low volume as investors awaited a likely US interest rate increase later this month, while the peso gained slightly.

Published 20 Jun, 2004 12:00am

US Treasuries drop

Longer-dated US Treasury prices eased on Friday in lackluster trade as the absence of major economic data left the market stuck in a narrow range.

Published 20 Jun, 2004 12:00am

US Treasuries drop

Longer-dated US Treasury prices eased on Friday in lackluster trade as the absence of major economic data left the market stuck in a narrow range.

Published 20 Jun, 2004 12:00am

Canadian bonds prices finish weaker

The Canadian bond prices weakened across the board on Friday, as a lack of economic news left the market to wilt under the prospects of interest rate hikes on both sides of the border.

Published 20 Jun, 2004 12:00am

Canadian bonds prices finish weaker

The Canadian bond prices weakened across the board on Friday, as a lack of economic news left the market to wilt under the prospects of interest rate hikes on both sides of the border.

Published 20 Jun, 2004 12:00am

US corporate bonds spread flat; Tenet's bonds soar

US corporate bond spreads were unchanged on Friday and trading was light as a dearth of economic news left the market without direction.

Published 20 Jun, 2004 12:00am

US corporate bonds spread flat; Tenet's bonds soar

US corporate bond spreads were unchanged on Friday and trading was light as a dearth of economic news left the market without direction.

Published 20 Jun, 2004 12:00am

Banks and firms may weigh on South African stocks

South African banks like Absa and firms with a domestic focus are expected to attract interest next week in a market that is otherwise expected to trend sideways to lower, dealers said on Friday.

Published 20 Jun, 2004 12:00am

IPO view: second attempt for Salesforce.com

After more than a month-long cooling off period, software firm Salesforce.com Inc has returned to the calendar and is slated to hold its initial public offering next week.

Published 20 Jun, 2004 12:00am

Chile stocks extend rally as natgas fears subside

Chile stocks gained for a fourth straight session on Friday, hitting a two-month high on news that Argentina would ease its natural gas cuts, adding to investor optimism over economic growth, traders said.

Published 20 Jun, 2004 12:00am

Argentine shares up

Argentine stock prices jumped 4.55 percent on Friday as investors went bargain hunting for blue chips like steelmaker Siderar after falls over the year, traders said.

Published 20 Jun, 2004 12:00am

Toronto stocks decline on profit-taking

Toronto stocks reversed early gains and closed lower on Friday as investors took profits after a week in which Canada's main equity market witnessed strong gains on higher commodity prices.

Published 20 Jun, 2004 12:00am

Brazil stocks close flat

The Brazil's Sao Paulo Stock Exchange's benchmark Bovespa index ended flat on Friday at 20,333 points, up 2.5 percent for the week, as investors worried that a government defeat in a Senate vote on the nation's minimum wage could foretell further problems

Published 20 Jun, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	157.10
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.25
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
India Sensex / Dec 23	78,540.17
Tokyo Nikkei / Dec 23	39,055.35
Nasdaq / Dec 23	19,764.89
Hang Seng / Dec 23	20,105.38
FTSE 100 / Dec 23	8,102.72
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77

Item	Value
Crude Oil USD/Barrel / Dec 23	69.60
Karachi Cotton PKR/37.32 KG / Dec 23	17,785
Gold 10 Grams PKR / Dec 23	241,087.80
Gold Spot USD/Ounce / Dec 23	2,617.29
Cotton US¢/pound / Dec 23	69.11
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
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)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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