News Archives for Print - 2004-08-01

Print - 2004-08-01

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 31, 2004).

Published 01 Aug, 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 (July 31, 2004).

Published 01 Aug, 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 (July 31, 2004).

Published 01 Aug, 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 (July 31, 2004).

Published 01 Aug, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (July 31, 2004).

Published 01 Aug, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (July 31, 2004).

Published 01 Aug, 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 (July 31, 2004).

Published 01 Aug, 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 (July 31, 2004).

Published 01 Aug, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (July 31, 2004).

Published 01 Aug, 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 01 Aug, 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 01 Aug, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (July 31, 2004).

Published 01 Aug, 2004 12:00am

Umar's ton lifts Pakistan A against Kenya

Opener Taufeeq Umar hit a century to give Pakistan A a flying start in their three-day game against Kenya at the Nairobi Simba Union club on Saturday.

Published 01 Aug, 2004 12:00am

I'll always be hunted man, says Murali

Sri Lanka spin king Muttiah Muralitharan fears that the stigma of being called a 'chucker' will always live with him regardless of how many times he is cleared of the charge.

Published 01 Aug, 2004 12:00am

India target in-form Jayasuriya in final

India will target Sri Lanka's in-form opener Sanath Jayasuriya when they bid to overcome a wretched recent record in tournament finals and lift the Asia Cup on Sunday.

Published 01 Aug, 2004 12:00am

South Africa toil on day two

South Africa struggled with bat and ball on the second day of their warm-up match against a Sri Lanka Board President's XI on Saturday.

Published 01 Aug, 2004 12:00am

McGrath primed for another Ashes battle

Australian fast bowler Glenn McGrath believes a month in county cricket as well as a clean bill of health will spark him into another Ashes demolition of England next year.

Published 01 Aug, 2004 12:00am

Giles shines as England pull away

Ashley Giles and Jermaine Lawson starred with the ball for each side but England finished well on top after a fluctuating third day of the second test against West Indies at Edgbaston on Saturday.

Published 01 Aug, 2004 12:00am

China applies to have Silk Road listed as World Heritage site

China is applying for the Silk Road, the ancient trade route linking Asia and Europe, to given World Heritage status, state media said Saturday.

Published 01 Aug, 2004 12:00am

Iranian dissident Aghajari set for bail

Iranian dissident academic Hashem Aghajari was expected to be freed on bail later Saturday after nearly two years behind bars for questioning the Islamic republic's powerful Shiite Muslim clergy.

Published 01 Aug, 2004 12:00am

Belgian King sees explosion victims, debris cleared

King Albert II visited victims of the biggest industrial disaster in Belgium's recent history on Saturday as rescue workers cleared debris from the site of a gas explosion that killed at least 15 people.

Published 01 Aug, 2004 12:00am

Ahmad Chalabi building new alliances

Iraqi politician Ahmad Chalabi, the former exile once better connected in Washington's corridors of power than the backstreets of Baghdad, is building new, unexpected alliances.

Published 01 Aug, 2004 12:00am

Vietnam to triple auto output in 2005

Communist Vietnam aims to triple automobile output in 2005 to 120,000 vehicles from 2003 as part of a government plan to boost the transportation sector.

Published 01 Aug, 2004 12:00am

IMF grants Turkey $661 million, cautions on trade gap

The International Monetary Fund on Friday praised Turkey's economic performance under a $19 billion loan program, but said the country's current account gap needs to be carefully monitored.

Published 01 Aug, 2004 12:00am

Truck firms urged to use Iraqi drivers

Iraq is urging foreign transport companies to employ Iraqis instead of foreign truck drivers in an effort to stem a growing wave of kidnappings, a senior government source said on Saturday.

Published 01 Aug, 2004 12:00am

Oracle sets stock sale plans

Oracle Corp, the world's second-largest software maker, said on Friday its chairman and one of its directors set up plans to sell company stock as part of their individual long-term asset strategies.

Published 01 Aug, 2004 12:00am

Japanese automakers cut prices in China

Japanese automakers have started cutting retail prices of their vehicles in China in line with a recent drop in demand in a market that had expanded vigorously until this year, a Japanese business daily reported on Saturday.

Published 01 Aug, 2004 12:00am

Citigroup wants 50 percent of profits from overseas

Citigroup Inc wants its burgeoning international unit to make up half of the world's largest financial company's profits over the next several years, bank officials said late Friday.

Published 01 Aug, 2004 12:00am

Corporate Russia faces debt issue downturn

Corporate Russia is issuing debt at a record pace in 2004 but rising borrowing costs, a short lived banking crisis and a messy dismantling of oil major Yukos are likely to slow the pace of new deals, portfolio managers say.

Published 01 Aug, 2004 12:00am

French minister warns patients of cost hikes

France's health minister said on Saturday French patients might have to pay more towards their medical costs, just a day after the assembly adopted the government's controversial health reforms.

Published 01 Aug, 2004 12:00am

Morgan Stanley, Washington state end dispute

The state of Washington and Morgan Stanley on Friday put to rest a dispute over unsuitable investment advice given to Microsoft employees, with the investment bank and brokerage paying $200,000 and agreeing to make changes to its business practices.

Published 01 Aug, 2004 12:00am

Microsoft issues patch for browser security flaw

Microsoft Corp late Friday issued a widely expected patch for its Internet Explorer browser, which was known to have a flaw that would let hackers take control of computers and distribute malicious software code.

Published 01 Aug, 2004 12:00am

Laid-off US workers get lower-paying jobs

One in five Americans laid off from a long-term job in the last three years has not found a new one, and most who did are paid less than they were before, government data showed on Friday.

Published 01 Aug, 2004 12:00am

German growth may reach 3 percent in medium-term: BDI

German economic growth could reach three percent in the medium-term, the head of Germany's BDI industry federation said on Saturday.

Published 01 Aug, 2004 12:00am

Pause in US consumer spending won't last: analysts

Consumer spending should pick up again in coming months as the job market improves and incomes rise, after Americans uncharacteristically turned frugal in the second quarter, economists say.

Published 01 Aug, 2004 12:00am

US economy gaining strength, says Bush

Recent figures show the US economy is turning around, President George W. Bush said Saturday, crediting his administration's tax cuts for bringing it out of a slump.

Published 01 Aug, 2004 12:00am

Shanghai copper rises, buoyed by dwindling stocks

Shanghai copper futures extended gains on Friday after climbing by their daily limits the previous session, lifted by dwindling warehouse stocks, traders said.

Published 01 Aug, 2004 12:00am

Australia grain: good rains boost winter crops

Australia's winter grains crops were boosted in the past week by good rains which fell where needed most, across the eastern growing belt.

Published 01 Aug, 2004 12:00am

Asian pepper: Vietnam's sales weigh on prices

Rising supplies of pepper from Vietnam, the world's top exporter, are pressuring prices in Asia despite the prospect of lower output in Indonesia and Malaysia, traders said on Friday.

Published 01 Aug, 2004 12:00am

CBOT rice firm

Rough rice futures at the Chicago Board of Trade ended slightly firmer on Friday underpinned by commercial buying, traders said.

Published 01 Aug, 2004 12:00am

Philippine July coconut oil exports down

Philippine preliminary coconut oil shipments slid 45 percent to 62,700 tonnes in July compared with actual exports of 114,466 tonnes in the same month last year, an industry group said on Friday.

Published 01 Aug, 2004 12:00am

Malaysian tin ends steady

Malaysian tin continued to ignore price fluctuations in London, staying at $8,900 a tonne for a second day, despite a jump in the metal's value on the LME.

Published 01 Aug, 2004 12:00am

FAPRI sees US cotton crop of 18.8 million bales

US cotton growers will probably harvest 18.8 million bales of cotton, which would rank as the fifth-largest crop on record, a University of Missouri think tank said Friday.

Published 01 Aug, 2004 12:00am

New York sugar softens

NYBOT raw sugar futures settled largely softer on Friday due to producer and speculative sales, with the trade uncertain if the sweetener will grind its way higher from here, analysts said.

Published 01 Aug, 2004 12:00am

Soya dives on crop weather; August ends below $6

Soyabean futures at the Chicago Board of Trade sank on Friday, pressed by easing concerns about the US Soya crop after overnight rains in Illinois and Iowa and less threatening weather forecasts for August, traders said.

Published 01 Aug, 2004 12:00am

New York gold strong as GDP disappoints

Comex gold futures finished the week with strong gains after two weeks of steep declines, but because the advance was won primarily on the back of a softer-than-forecast US GDP report, traders said they were not certain that gold prices have seen their ne

Published 01 Aug, 2004 12:00am

New York copper higher

Comex copper futures ended at 11-day highs on Friday, boosted by a softer dollar in the face of weaker-than-expected US GDP data, while already low metal inventories fell further to give the market an added boost, dealers said.

Published 01 Aug, 2004 12:00am

Oil prices soar to record high, gold loses lustre in world markets

Oil prices surged to record high points last week, fuelled by fears about tight supplies amid a worsening threat of disruption to Russian exports caused by the financial crisis at Yukos.

Published 01 Aug, 2004 12:00am

Argentina soya prices down

Argentine soya prices closed slightly lower on Friday, pressured by losses in Chicago's short-term futures, and trade was negligible for a third straight session, traders said.

Published 01 Aug, 2004 12:00am

Oil cake market rates

The December vaida opened at Rs 422 and it was seen highest at Rs 423. Later trading depressed and it lost Rs 1.40 to turn lowest at Rs 421.60 and closing was seen at Rs 421.80.

Published 01 Aug, 2004 12:00am

All new crop lots lifted on cotton market

It was second day running when all new crop cotton was on offer and spinners lifted all lots, relevant sources said.

Published 01 Aug, 2004 12:00am

Makai up on grain market

Til Sindh inferior was down Rs 50 to Rs 1600 and better up same amount to Rs 1850 and Makai up Rs 30 to Rs 800 and better put at Rs 850.

Published 01 Aug, 2004 12:00am

Chemicals mixed on Jodia Bazar

Chemicals moved both ways on Jodia Bazar on Saturday (July 31, 2004).

Published 01 Aug, 2004 12:00am

Vancouver port traffic up

Shipments through the Port of Vancouver, Canada's busiest port, increased by 16 percent in the first half of the year to 36.5 million tonnes, the port authority said on Wednesday.

Published 01 Aug, 2004 12:00am

Hong Kong sea traffic seen up, but operators seek cost cuts

Hong Kong, the world's busiest container port, is expected to see a rise in throughput this year, but operators are urging the city to cut red tape to help them compete with cheaper ports in neighbouring Shenzhen.

Published 01 Aug, 2004 12:00am

Baltic port of Primorsk to see record crude flows

Russia will raise scheduled crude exports through its flagship Baltic port of Primorsk to a record 3.85 million tonnes (910,000 bpd) in August, according to official loading programmes seen by Reuters on Wednesday.

Published 01 Aug, 2004 12:00am

Asian freight rates regain strength on hopes for rising demand

Panamax dry bulk rates have regained strength this week and are seen maintaining the trend given expectations of an increase in demand when new US crops become available in the autumn, brokers said on Tuesday.

Published 01 Aug, 2004 12:00am

Belgian shipper CMB's first half net profit rises

Belgian shipping group CMB reported a 41 percent rise in first half net profits on Friday after freight markets remained strong, and gave a strong outlook for the rest of the year.

Published 01 Aug, 2004 12:00am

Belgian shipper CMB's first half net profit rises

Belgian shipping group CMB reported a 41 percent rise in first half net profits on Friday after freight markets remained strong, and gave a strong outlook for the rest of the year.

Published 01 Aug, 2004 12:00am

Evergreen seeks to build Chinese port

Taiwan's Evergreen Group said on Tuesday it had signed a letter of intent to build and operate a section of a port on the east coast of China, the island's political arch-rival.

Published 01 Aug, 2004 12:00am

Malaysia and Singapore to step up strait security

Neighbours Malaysia and Singapore pledged on Tuesday to step up military co-operation in an effort to protect the world's busiest sea lane, the Malacca Strait, from piracy and terror attacks.

Published 01 Aug, 2004 12:00am

Kaliningrad oil terminal to reopen by October

A 30,000 barrel-per-day Russian oil terminal on the Baltic Sea will resume oil and product shipments by early October, a company official said on Friday.

Published 01 Aug, 2004 12:00am

Brazil's sugar vessels line-up down

The line-up of vessels to load sugar in Brazil's ports declined to 53 from 54 last week, shipping agent Williams said Thursday.

Published 01 Aug, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 78,189 tonnes of cargo including 50,807 tonnes import and 27,382 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.

Published 01 Aug, 2004 12:00am

Chile stocks little changed on US economic data

Chile's blue-chip stocks index closed almost unchanged on Friday, weighed by weak economic reports in the United States, high oil prices and end-of-the-month caution.

Published 01 Aug, 2004 12:00am

US corporate bonds: Telecoms tighter after AT&T cut

Yield spreads on investment-grade telecom companies narrowed on Friday, as investors shuttled money out of the recently downgraded AT&T debt and into other telecom companies.

Published 01 Aug, 2004 12:00am

US corporate bonds: Telecoms tighter after AT&T cut

Yield spreads on investment-grade telecom companies narrowed on Friday, as investors shuttled money out of the recently downgraded AT&T debt and into other telecom companies.

Published 01 Aug, 2004 12:00am

Toronto stocks surge, led by oil shares

Toronto stocks closed firmer on Friday as strong oil prices sparked a rally among energy issues, but overall weakness through the month left the key index with its first monthly loss since April.

Published 01 Aug, 2004 12:00am

Brazil stocks make gains

Brazilian stocks rose on Friday, erasing their losses so far this year after the latest US economic data soothed investors fears that the Federal Reserve might aggressively tighten monetary policy.

Published 01 Aug, 2004 12:00am

American credit market outlook

This could be the year major US cable companies begin generating substantial free cash flow, but do not look for much reaction in the US credit markets.

Published 01 Aug, 2004 12:00am

American credit market outlook

This could be the year major US cable companies begin generating substantial free cash flow, but do not look for much reaction in the US credit markets.

Published 01 Aug, 2004 12:00am

IPO view: waiting for Google tsunami to pass

The most anticipated initial public offering of the year, the $3.3 billion IPO of Web search giant Google Inc, is now on the calendar for a mid-August debut, and for some, the deal cannot be over with soon enough.

Published 01 Aug, 2004 12:00am

Argentine shares rise

Argentine shares closed firmer on Friday but trade was cautious, with investors waiting for long delayed approval of an IMF loan review and to see second quarter results due out next week, traders said. The Buenos Aires Stock Exchange's benchmark MerVal s

Published 01 Aug, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 14	277.83
USD PKR Interbank Buying / Nov 14	277.63
USD to Japanese Yen / Nov 14	155.86
USD to Swiss Franc / Nov 14	0.89
Pound Sterling to USD / Nov 14	1.27
Euro to USD / Nov 14	1.06

Stock	Volume
S&P 500 / Nov 13	5,985.38
Nasdaq / Nov 13	19,230.72
Dow Jones / Nov 13	43,958.19
India Sensex / Nov 14	77,517.41
Tokyo Nikkei / Nov 14	38,680.99
Hang Seng / Nov 14	19,503.42
FTSE 100 / Nov 14	8,042.72
Germany DAX 30 / Nov 14	19,122.26

Item	Value
Gold 10 Grams PKR / Nov 12	231,911
Karachi Cotton PKR/37.32 KG / Nov 13	18,085
Crude Oil USD/Barrel / Nov 14	67.97
Gold Spot USD/Ounce / Nov 14	2,558.37
Cotton US¢/pound / Nov 14	71.10
Petrol/Litre / Nov 15	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▼ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▼ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▼ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▲ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▲ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▲ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 15 Worldcall Telecom Limited(WTL)	43,291,848 ▲ 0.00
Waves Home Appliances / Nov 15 Waves Home Appliances Limited(WAVESAPP)	33,201,636 ▲ 0.00
Pak Refinery / Nov 15 Pakistan Refinery Limited(PRL)	31,524,926 ▲ 0.00
K-Electric Ltd. / Nov 15 K-Electric Limited(KEL)	27,455,465 ▲ 0.00
Pak Elektron / Nov 15 Pak Elektron Limited(PAEL)	26,996,630 ▲ 0.00
Sui South Gas / Nov 15 Sui Southern Gas Company Limited(SSGC)	26,013,918 ▲ 0.00
The Searle Co. / Nov 15 The Searle Company Limited(SEARL)	25,704,933 ▲ 0.00
Pak Int.Bulk / Nov 15 Pakistan International Bulk Terminal(PIBTL)	23,694,836 ▲ 0.00
Secure Logistics / Nov 15 Secure Logistics Group Limited(SLGL)	23,623,241 ▲ 0.00

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