News Archives for Print - 2004-11-25

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

Women entrepreneurs to be given 100 percent funding: Humayun

The government will provide 100 percent funding to those women entrepreneurs who will seek to join the export market provided they export good quality and value-added products, Commerce Minister Humayun Akhtar told the second Lifestyle exhibition of women

Published 25 Nov, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

Supreme Court reserves verdict on CED on AJK imports

After two days hearing regarding excise duty on imports by Azad Kashmir, the First Bench of the Supreme Court on Wednesday reserved its decision. However, in a short order, the Court directed the counsel for government and appellants to file written argum

Published 25 Nov, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

Six killed, 20 hurt in Indian occupied Kashmir

Suspected freedom fighters shot dead three people and wounded 20 others in two grenade attacks in Indian occupied Kashmir, while Indian occupation troops shot dead three freedom fighters, police said on Wednesday. The attacks came on the final day of a tw

Published 25 Nov, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

Airbus to sell A330-200 to Taiwan's EVA Air

European jet maker Airbus has signed a firm contract with EVA Air to sell the Taiwanese airline an additional A330-200 plane, Airbus said on Wednesday. The A330-200 adds to its existing commitment of 10 A330-200s, of which eight are leased from GE Capital

Published 25 Nov, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

Australia to cement Asian ties with Asean trade deal

A free trade agreement being pursued between Australia, New Zealand and Southeast Asia would boost regional trade but could also help Australia cement its sometimes uncertain friendships in Asia, analysts say. Leaders from the 10-member Association of Sou

Published 25 Nov, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

Brazil to buy $3 billion in market to pay debt

Brazil's central bank on Wednesday said the country would buy $3 billion on the currency market to pay off foreign debt, in a move seen by some as an attempt to stem the appreciation of the local currency. The announcement turned around a rally by Brazil'

Published 25 Nov, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

Air India seeks bids for 50 new long-range aircraft

The board of state-run Air India has approved seeking bids to buy 50 new aircraft, a company spokesman said Wednesday. The international carrier said it would invite bids from aircraft and engine manufacturers for the proposed new fleet, of which two-thir

Published 25 Nov, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

ISE equities post handsome gains

Equities scored handsome gains under the lead of trend-setters at Islamabad Stock Exchange (ISE) where bullish trend continues during day's positive rally amid the increase in index. ISE network index showed an increase of 98.06 points as the rate-based i

Published 25 Nov, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

ISE equities post handsome gains

Equities scored handsome gains under the lead of trend-setters at Islamabad Stock Exchange (ISE) where bullish trend continues during day's positive rally amid the increase in index. ISE network index showed an increase of 98.06 points as the rate-based i

Published 25 Nov, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

LSE values depict firmness

With fresh buying activity in oil and gas sector, share values depicted firmness on Lahore Stock Exchange (LSE), where the index posted a marginal rise amid steady volume of transactions. The LSE-25 index registered an increment of 3.95 points to close at

Published 25 Nov, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

LSE values depict firmness

With fresh buying activity in oil and gas sector, share values depicted firmness on Lahore Stock Exchange (LSE), where the index posted a marginal rise amid steady volume of transactions. The LSE-25 index registered an increment of 3.95 points to close at

Published 25 Nov, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

NSC meeting today: MMA's plea rejected

The National Security Council (NSC) will meet here on Thursday, as the government rejects the demand of the Muttahida Majlis-i-Amal (MMA) for postponement. The meeting of the NSC cannot be postponed, government's chief spokesman and Information Minister S

Published 25 Nov, 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 Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

NSC meeting today: MMA's plea rejected

The National Security Council (NSC) will meet here on Thursday, as the government rejects the demand of the Muttahida Majlis-i-Amal (MMA) for postponement. The meeting of the NSC cannot be postponed, government's chief spokesman and Information Minister S

Published 25 Nov, 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 Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

Freight for exports to Europe up from December 1

Sea freight will be up from December 1 for all exports to Europe by 150 dollars and 300 dollars for a 20-foot and 40-foot container respectively. The freights, under a general rate increase (GRI), announced by the India-Pakistan-Bangladesh-Ceylon Conferen

Published 25 Nov, 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 Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

Freight for exports to Europe up from December 1

Sea freight will be up from December 1 for all exports to Europe by 150 dollars and 300 dollars for a 20-foot and 40-foot container respectively. The freights, under a general rate increase (GRI), announced by the India-Pakistan-Bangladesh-Ceylon Conferen

Published 25 Nov, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

India agrees to banking licence on reciprocal basis

Indian Prime Minister Manmohan Singh has agreed to the suggestion from his Pakistani counterpart, in the talks held between them here on Wednesday, to give banking licence on reciprocal basis. Briefing the newsmen on conclusion of his official talks, Prim

Published 25 Nov, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

India agrees to banking licence on reciprocal basis

Indian Prime Minister Manmohan Singh has agreed to the suggestion from his Pakistani counterpart, in the talks held between them here on Wednesday, to give banking licence on reciprocal basis. Briefing the newsmen on conclusion of his official talks, Prim

Published 25 Nov, 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 Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

KSE index stays above 5500 despite rise in treasury bills yields

Gains in oil and gas companies' shares helped the market to stay above the 5500 level on Wednesday despite sharp rise in the cut-off yields on three months and one-year treasury bills. The KSE-100 index rose, or 0.34 percent, to 5533.22 as compared with 5

Published 25 Nov, 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 Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

KSE index stays above 5500 despite rise in treasury bills yields

Gains in oil and gas companies' shares helped the market to stay above the 5500 level on Wednesday despite sharp rise in the cut-off yields on three months and one-year treasury bills. The KSE-100 index rose, or 0.34 percent, to 5533.22 as compared with 5

Published 25 Nov, 2004 12:00am

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 25 Nov, 2004 12:00am

Customs and Income Tax groups will not be merged: CBR chief

Chairman Central Board of Revenue (CBR) Abdullah Yousuf has said that Customs and Income Tax Groups will not be merged and both will continue as two separate services in future. However, services of Sales Tax, Central Excise and Income Tax department will

Published 25 Nov, 2004 12:00am

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 25 Nov, 2004 12:00am

Customs and Income Tax groups will not be merged: CBR chief

Chairman Central Board of Revenue (CBR) Abdullah Yousuf has said that Customs and Income Tax Groups will not be merged and both will continue as two separate services in future. However, services of Sales Tax, Central Excise and Income Tax department will

Published 25 Nov, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

Molasses export at standstill as truckers go on strike

The export of molasses from Pakistan has come to a complete standstill as transporters have gone on strike. Exporters told Business Recorder that transporters want increase in their cartage rates. In case the rates are not increased, they would not

Published 25 Nov, 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 25 Nov, 2004 12:00am

Molasses export at standstill as truckers go on strike

The export of molasses from Pakistan has come to a complete standstill as transporters have gone on strike. Exporters told Business Recorder that transporters want increase in their cartage rates. In case the rates are not increased, they would not

Published 25 Nov, 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 25 Nov, 2004 12:00am

CBR to unearth non-filers via car purchase data

To unearth rich people not filing tax returns, the Central Board of Revenue (CBR) has decided to obtain data on purchase of new cars from dealers and manufacturers of cars for bringing these non-filers into the tax net. Official sources told Business R

Published 25 Nov, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (November 24, 2004).

Published 25 Nov, 2004 12:00am

CBR to unearth non-filers via car purchase data

To unearth rich people not filing tax returns, the Central Board of Revenue (CBR) has decided to obtain data on purchase of new cars from dealers and manufacturers of cars for bringing these non-filers into the tax net. Official sources told Business R
Published 25 Nov, 2004 12:00am

Oilseed oversupply to weaken prices

Global 2004/05 production of the seven main oilseeds of 368.9 million tonnes will be above season consumption of 350.4 million tonnes and prices are likely to start falling in December, Hamburg-based newsletter Oil World forecasts. Its production estimate
Published 25 Nov, 2004 12:00am

Meeting today to sort out sugarcane price issue

The government has moved in by convening a meeting of all sugar sector stakeholders for Thursday to sort out controversy between the growers and sugar mill owners-particularly in Sindh-over sugarcane price issue. The growers and mill owners have entered i
Published 25 Nov, 2004 12:00am

New York coffee gains

New York coffee futures struggled to end in positive territory on Tuesday, after producer selling sideswiped a burst of speculative fund buying, traders said. New York Board of Trade most-active March arabica settled 0.10 cent firmer at 92.95 cents a lb a
Published 25 Nov, 2004 12:00am

Meeting today to sort out sugarcane price issue

The government has moved in by convening a meeting of all sugar sector stakeholders for Thursday to sort out controversy between the growers and sugar mill owners-particularly in Sindh-over sugarcane price issue. The growers and mill owners have entered i
Published 25 Nov, 2004 12:00am

New York cocoa rebounds

New York cocoa futures ended broadly firmer on Tuesday, snapping a five-day losing streak as a pummelled dollar attracted investment funds to the US market, traders said. "It has to do with the arbitrage play," said a trader, referring to the dollar's bro
Published 25 Nov, 2004 12:00am

Text of Shaukat's address to Indian businessmen

The text of Prime Minister Shaukat Aziz's address to the Confederation of Indian Industry and Federation of Indian Chambers of Commerce and Industry in New Delhi on Wednesday.
Published 25 Nov, 2004 12:00am

65 percent of Brazil soya crop planted: USDA

Soybean planting throughout Brazil has been under way for the past six weeks and nearly 65 percent of the crop has been sown, the US Agriculture Department said on Tuesday. The pace of plantings is "closing tracking" the average for the past five years, t
Published 25 Nov, 2004 12:00am

Macroeconomic fundamentals best in decades: 6.4 percent GDP growth in 2004

Pakistan's macroeconomic fundamentals are better than at any time in the past decades, said Asian Development Bank's Country Strategy and Programme Update (CSPU) 2005-2006. According to the CSPU, in the FY 2004, gross domestic product (GDP) grew 6.4 perce
Published 25 Nov, 2004 12:00am

Tennessee field being tested for soya rust: USDA

Plant samples from Tennessee are being tested for the highly contagious Asian soyabean rust, a withering disease that has rapidly marched throughout the US South, the US Agriculture Department said on Tuesday. If confirmed, Tennessee would be the seventh
Published 25 Nov, 2004 12:00am

Three hurt as explosion rocks Quetta

Three passers-by were injured when an explosive device went off with a big bang in front of Sariab Police Station around 9:00 pm. An explosive device exploded in a truck parked in front of Sariab Police Station. The truck was involved in some case and was
Published 25 Nov, 2004 12:00am

Nespak identifies 47 sites for small dams in Fata

The NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) has said that no doubt the government is spending huge resources on the socio economic development in Fata yet there exist vast scope to launch long term programmes to remove sense of
Published 25 Nov, 2004 12:00am

Treasury bill yields rise on inflation worries

The State Bank of Pakistan (SBP) on Wednesday raised the cut-off yield of three months and 12 months Treasury Bills but left the market with excess liquidity. The SBP held auction for the sale of three months and 12 months T-bills and raised a total Rs 26
Published 25 Nov, 2004 12:00am

BoK Islamic banking branch to open on November 26

The Bank of Khyber (BoK) is going to formally convert its Bannu Branch into Islamic banking branch in Bannu on Friday (November 26). Chief Minister NWFP Akram Khan Durrani would be the chief guest on the occasion. The Bank of Khyber, a provincial bank of
Published 25 Nov, 2004 12:00am

Treasury bill yields rise on inflation worries

The State Bank of Pakistan (SBP) on Wednesday raised the cut-off yield of three months and 12 months Treasury Bills but left the market with excess liquidity. The SBP held auction for the sale of three months and 12 months T-bills and raised a total Rs 26
Published 25 Nov, 2004 12:00am

Agriculture termed vital for survival

Sindh Agriculture University Vice-Chancellor Dr Bashir Ahmed Shaikh has described agriculture as vital for the survival of human beings in view of rapid growth in population. In his welcome address at the three-day national conference on 'Agriculture and
Published 25 Nov, 2004 12:00am

Treasury bill yields rise on inflation worries

The State Bank of Pakistan (SBP) on Wednesday raised the cut-off yield of three months and 12 months Treasury Bills but left the market with excess liquidity. The SBP held auction for the sale of three months and 12 months T-bills and raised a total Rs 26
Published 25 Nov, 2004 12:00am

Body formed to check substandard pesticides

An emergent meeting called by the District Co-ordinating Officer (DCO) negates the claim of the provincial agriculture department regarding ample availability of fertiliser to growers. The meeting was informed regarding poor availability of fertiliser par
Published 25 Nov, 2004 12:00am

Investment in Pakistan linked to Kashmir resolution, Shaukat tells Indian business

Prime Minister Shaukat Aziz has categorically told the Indian businessmen that permission to invest in Pakistan depends on the progress made in resolving the Kashmir dispute. Responding to the demand from the captains of Indian trade and industry at the i
Published 25 Nov, 2004 12:00am

Soomro calls for awareness campaign to promote capital market: LSE's Faisalabad trading floor inaugurated

Senate Chairman Mohammedmian Soomro has emphasised upon the need to launch a vigorous awareness campaign to promote capital market in the country with a view to yielding maximum possible job opportunities and to attract foreign investors. Inaugurating the
Published 25 Nov, 2004 12:00am

Investment in Pakistan linked to Kashmir resolution, Shaukat tells Indian business

Prime Minister Shaukat Aziz has categorically told the Indian businessmen that permission to invest in Pakistan depends on the progress made in resolving the Kashmir dispute. Responding to the demand from the captains of Indian trade and industry at the i
Published 25 Nov, 2004 12:00am

Mini dams imperative to overcome water scarcity: experts

The three-day national workshop on community based water conservation-Lachi experience was concluded here on Wednesday with stress on construction of small and mini-dams to prepare substitutes for big dams to meet the high water scarce situation in the ne
Published 25 Nov, 2004 12:00am

'Sincere efforts needed to penetrate into world markets'

Some misguided people are facing frustration due to economic stability of Pakistan and they feel that economic prosperity of masses would not help them to meet their agenda and they started negative tricks to derail the process, said Haji Fazal ur Rehman,
Published 25 Nov, 2004 12:00am

NSC meeting: NWFP links participation with payment of hydel profit

NWFP senior minister Sirajul Haq has linked participation of the NWFP chief minister in the National Security Council (NSC) meeting with the payment of hydel profit to the province. In a statement issued here on Wednesday, he said if the centre wanted the
Published 25 Nov, 2004 12:00am

Brazilian cocoa arrivals fall

Brazilian 2004/05 (May/April) cocoa arrivals from Bahia and other states totalled 2.16 million 60-kg bags by November 21, down 17 percent from 2.60 million bags a year ago, the Bahia Commercial Association said Wednesday. Bahia state, Brazil's main cocoa
Published 25 Nov, 2004 12:00am

Singapore bunker fuel prices up

Singapore bunker prices rose on Wednesday, tracking higher 380-cst fuel oil cargo values. Suppliers pegged 380-cst bunker fuel oil levels at $187-$189 a tonne, up $1 from Tuesday. Prices for the 180-cst grades were also stable at $197-$199. "Despite the r
Published 25 Nov, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 77,907 tonnes of cargo including 63,900 tonnes import and 14,007 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 47,956 tonnes dry and 29,951 tonnes liquid cargo. Seven ships name
Published 25 Nov, 2004 12:00am

Thai rubber futures higher

Thai rubber futures rebounded on Wednesday as players covered short positions, brokers said. Overall volume roses as 290 contracts of ribbed smoked sheet number three (RSS3) were traded compared to 228 contracts on Tuesday. The most active April contract
Published 25 Nov, 2004 12:00am

Chinese sugar demand seen rising

Chinese sugar demand is expected to grow strongly this decade as domestic consumption will outpace production, a senior Chinese industry official said on Wednesday. "We can estimate that the increase of sugar consumption will exceed that of sugar crops an
Published 25 Nov, 2004 12:00am

Thai rice futures lower

Thai rice futures retreated from a record high on Wednesday as players cashed in gains, brokers said. Overall volume dropped as 336 contracts of 5 percent white rice were traded compared to Tuesday's 492. The most active may contract settled at 10.34 baht
Published 25 Nov, 2004 12:00am

Tunisia sees olive oil output halved

Tunisia is expecting olive oil production at between 90,000 tonnes and 100,000 tonnes this season from 210,000 tonnes in the previous period, officials said on Wednesday. Olive oil accounts for half of the country's agricultural exports, which represent m
Published 25 Nov, 2004 12:00am

Pakistan's edible oil prices seen down on low demand

Pakistan's edible oil prices slipped over the past week and will remain low in coming weeks on plentiful stocks and lower demand, dealers said on Wednesday. Most market players were overbought and stocks were sufficient to meet demand, they said. "Most de
Published 25 Nov, 2004 12:00am

CBOT wheat futures mixed, choppy

Soft red winter wheat futures at the Chicago Board of Trade closed mixed on Tuesday in choppy trade dominated by spread trade as firms rolled their December positions before first notice day, traders said. Pit sources said pressure on prices came from spi
Published 25 Nov, 2004 12:00am

Australia's AWB doubles profit, cut wheat forecast

Australia's monopoly wheat exporter AWB Ltd said on Wednesday its 2003/04 annual net profit more than doubled, aided by recovery from drought, but downgraded its forecast for Australia's current wheat crop. AWB said it expected a 2004/05-wheat crop of 20-
Published 25 Nov, 2004 12:00am

Vietnam rice prices up on new demand, tight supply

Rice prices in Vietnam, the world's second-largest exporter of the grain, have edged up this week on fresh demand amid dwindling supplies, traders said on Wednesday. They said foreign buyers had been checking the Vietnam market this week, turned off by hi
Published 25 Nov, 2004 12:00am

Oil cake market rates

Contracts were higher on the forward cottonseed oilcake market on Wednesday amid strong buying, dealers said. The December vaida opened with 20 paisa gain at Rs 403.80 and that prove to be day's lowest. In the process of trading it gained Re.1 to be day's
Published 25 Nov, 2004 12:00am

Sharp fall seen in seed-cotton prices

Comparatively low activity was seen on cotton market on Wednesday in the absence of mills and textile sector demand, dealers said. The official spot rate of grade 3 cotton was unchanged at Rs 1925, without upcountry expenses. In Punjab, cotton prices fell
Published 25 Nov, 2004 12:00am

Milk powder up on Jodia Bazar

The trading on milk powder sector moved up on Jodia Bazar on Wednesday. The following changes were seen in Euro Gold up Rs 200 to Rs 4,200, Bale Vale up Rs 200 to Rs 4,200, Bale Haleeb up Rs 250 to Rs 4,200, and 5 Star up Rs 200 to Rs 4,200.
Published 25 Nov, 2004 12:00am

Sugar and wheat down on grain market

Easier trend was seen on the local grain market on Wednesday on easing supply position, dealers said. On the cereals side, wheat Mexipak new type shed Rs 5 on fresh arrivals while the old type managed to hold overnight level in modest trading. Sugar follo
Published 25 Nov, 2004 12:00am

Comex copper up

Comex copper futures remained firm into the close on Tuesday, helped by the tumbling dollar, speculative and fund buying after a day rout. "The weak dollar helps, but there are still a lot of people trying to pick tops," said one New York dealer. "Certain
Published 25 Nov, 2004 12:00am

Tokyo gold rises as weak dollar supports bullion

Tokyo gold futures rose on Wednesday as firmness in the spot bullion market drew steady buying of yen-based gold from fund operators, traders said. The benchmark October gold contract on the Tokyo Commodity Exchange (TOCOM) closed up five yen per gram at
Published 25 Nov, 2004 12:00am

New York gold ends off misses $450 an ounce, as options expire

US gold futures closed off from a fresh 16-1/4-year high on Tuesday, as traders pocketed profits from the market's rally to almost $450 an ounce after the dollar slumped to a new record low against the euro. Most activity was positioning before this week'
Published 25 Nov, 2004 12:00am

Gold below $440 an ounce in Asia as profit-taking weighs

Gold held steady below a 16-1/4-year high in Asia on Wednesday, with some investors shrugging off a weak dollar to cash in their holdings. Dealers reported steady trade in gold bars and scraps in parts of Asia, while fresh demand from jewellery manufactur
Published 25 Nov, 2004 12:00am

Malaysian tin extends fall as LME weighs

Malaysian tin fell 0.4 percent on Wednesday, extending its recent fall, as the market tracked a drop in the price of the metal in London. Spot tin on the Kuala Lumpur Tin Market (KLTM) dipped $40 to $8,940 a tonne. It has fallen 1.3 percent this week on t
Published 25 Nov, 2004 12:00am

Oil prices steady in world markets

Oil prices were little changed on Wednesday as traders took to the sidelines ahead of weekly US inventory data that is expected to show the first build in distillate fuel supplies for 10 weeks. US light crude was trading 4 cents lower at $48.90 a barrel,
Published 25 Nov, 2004 12:00am

CBOT corn closes mildly firm

Corn futures at the Chicago Board of Trade closed slightly higher on Tuesday, supported by the strength in the neighbouring soyabean pit, traders said. The day's feature was rolling of December positions before first notice day on November 30. "Other than
Published 25 Nov, 2004 12:00am

Tokyo rubber hits 15-month low after spot expiry

Tokyo rubber futures dived to a 15-month low on Wednesday as ample physical deliveries made at the spot contract expiry strengthened oversupply sentiment. The April 2005 contract on the Tokyo Commodity Exchange (TOCOM) settled down 3.4 yen per kg at 122.5
Published 25 Nov, 2004 12:00am

New York sugar finishes mixed in quiet pre-holiday trade

Raw sugar futures settled mixed on Tuesday as producer and speculative sales pushed nearby contracts lower, with many players already peeling away for the long US Thanksgiving holiday weekend, brokers said. The New York Board of Trade's key March raw suga
Published 25 Nov, 2004 12:00am

Soyabeans technically strong

Soyabean futures at the Chicago Board of Trade closed firm on Tuesday as fears about the spread soya rust inspired fund-short covering, pushing the market through technical resistance, traders said. CBOT soyabeans settled 6 to 8 cents per bushel higher. J
Published 25 Nov, 2004 12:00am

CBOT rice firm on follow-through technical buying

Chicago Board of Trade rough rice futures settled higher on Tuesday on follow-through technical buying from Monday, traders said. Speculators were covering short positions. But volume was Very light before the US Thanksgiving holiday on Thursday. CBOT rou
Published 25 Nov, 2004 12:00am

Australia scores new crop wheat sales

Australia has sold several million tonnes of the current year's estimated 20-22 million tonne wheat crop on top of big deals already struck with China and Iraq, monopoly exporter AWB Ltd said on Wednesday. "We're pretty pleased with where we are (with sal
Published 25 Nov, 2004 12:00am

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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