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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-01-20
No intention to increase power tariff: minister

No intention to increase power tariff: minister

Federal Industries, Production and Special Initiatives Minister Jehangir Khan Tareen has said that the government has no intention to increase power tariff, rather efforts are underway to slash electricity charges, especially for industrial units. He stat
Published 20 Jan, 2005 12:00am
Mitsubishi firms to give $3 billion more to MMC

Mitsubishi firms to give $3 billion more to MMC

Mitsubishi group firms plan to pour up to 300 billion yen ($2.93 billion) more into Mitsubishi Motors Corp (MMC), which is still struggling to rebuild itself after receiving a hefty aid package last year, financial sources said on Wednesday. MMC, Japan's
Published 20 Jan, 2005 12:00am
UK average earnings growth picks up modestly

UK average earnings growth picks up modestly

Annual British pay growth picked up modestly in the three months to November, mainly because of delayed bonus payments in real estate and business services, official statistics showed on Wednesday. Analysts said the mild rise, coupled with a larger than e
Published 20 Jan, 2005 12:00am
Across board gains on LSE

Across board gains on LSE

Bulls ruled the local stock market on last trading day of the week, where share values recorded across the board gains on back of aggressive buying in state-run PTCL and oil and gas sector, helping the index to easily score a century. The LSE-25 index cro
Published 20 Jan, 2005 12:00am
Across board gains on LSE

Across board gains on LSE

Bulls ruled the local stock market on last trading day of the week, where share values recorded across the board gains on back of aggressive buying in state-run PTCL and oil and gas sector, helping the index to easily score a century. The LSE-25 index cro
Published 20 Jan, 2005 12:00am
India's gems and jewellery exports grow

India's gems and jewellery exports grow

India's gems and jewellery exports grew by nearly 38 percent in 2004, the industry said in a statement released Wednesday. During January-December 2004, the total exports of the sector totalled 14.3 billion dollars as compared to 10.3 billion dollars the
Published 20 Jan, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (January 19) and the forecast for Thursday (January 20, 2005).
Published 20 Jan, 2005 12:00am
ISE: bulls return to driving seat

ISE: bulls return to driving seat

Equities witnessed broad-based recovery at the Islamabad Stock Exchange (ISE) where bulls returned in the front seat amid increase in index. ISE network index showed an improvement of 103.87 points as the price-based indictor moved from 13,467.48 to 13,57
Published 20 Jan, 2005 12:00am
Key stock market movements at 1800 GMT on January 19

Key stock market movements at 1800 GMT on January 19

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 20 Jan, 2005 12:00am
ISE: bulls return to driving seat

ISE: bulls return to driving seat

Equities witnessed broad-based recovery at the Islamabad Stock Exchange (ISE) where bulls returned in the front seat amid increase in index. ISE network index showed an improvement of 103.87 points as the price-based indictor moved from 13,467.48 to 13,57
Published 20 Jan, 2005 12:00am
Canadian inflation slows in December

Canadian inflation slows in December

Canada's inflation rate slowed to 2.1 percent in December from 2.4 percent in November, hitting the Bank of Canada's target and cementing views that the bank will leave interest rates unchanged. Statistics Canada said cheaper computers, natural gas and au
Published 20 Jan, 2005 12:00am
Interest rates still low in real terms

Interest rates still low in real terms

Although interest rates are now visibly rising, at current levels they are still low and negative in real terms, according to the State Bank of Pakistan. It is for this reason, says SBP in its Statement of Monetary Policy, that private sector credit off-t
Published 20 Jan, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (January 19, 2005).

Published 20 Jan, 2005 12:00am
Interest rates still low in real terms

Interest rates still low in real terms

Although interest rates are now visibly rising, at current levels they are still low and negative in real terms, according to the State Bank of Pakistan. It is for this reason, says SBP in its Statement of Monetary Policy, that private sector credit off-t
Published 20 Jan, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 19, 2005).

Published 20 Jan, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (January 19) and for Thursday (January 20, 2005).
Published 20 Jan, 2005 12:00am
TB yields hiked, Rs 77.7 billion raised to check inflation

TB yields hiked, Rs 77.7 billion raised to check inflation

The State Bank of Pakistan (SBP) on Wednesday, in its Treasury Bills auction, raised Rs 77.75 billion against the target amount of Rs 60 billion in three-month and 12 months respectively. The offered amount by the market was Rs 82.5 billion. The treasury
Published 20 Jan, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, January 20, 2005.

Published 20 Jan, 2005 12:00am
TB yields hiked, Rs 77.7 billion raised to check inflation

TB yields hiked, Rs 77.7 billion raised to check inflation

The State Bank of Pakistan (SBP) on Wednesday, in its Treasury Bills auction, raised Rs 77.75 billion against the target amount of Rs 60 billion in three-month and 12 months respectively. The offered amount by the market was Rs 82.5 billion. The treasury
Published 20 Jan, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, January 20, 2005.

Published 20 Jan, 2005 12:00am
KSE hits another all-time high

KSE hits another all-time high

Unabated buying euphoria led the stock market to reach at yet another all-time high level of 6,746.40 as the KSE-100 index registered an increase of 142.85 points on Wednesday. The KSE-100 index registered a net gain of 142.85 points to close at 6,746.40
Published 20 Jan, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, January 20, 2005.

Published 20 Jan, 2005 12:00am
KSE hits another all-time high

KSE hits another all-time high

Unabated buying euphoria led the stock market to reach at yet another all-time high level of 6,746.40 as the KSE-100 index registered an increase of 142.85 points on Wednesday. The KSE-100 index registered a net gain of 142.85 points to close at 6,746.40
Published 20 Jan, 2005 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (January 19, 2005).

Published 20 Jan, 2005 12:00am
World Bank enumerates responsibilities under Indus Basin Treaty

World Bank enumerates responsibilities under Indus Basin Treaty

The World Bank's office here says that its principals in Washington have received a Pakistani letter asking them to 'appoint a Neutral Expert under the Indus Waters Treaty", and it was under examination to follow procedures laid down there. The terse two-
Published 20 Jan, 2005 12:00am
World Bank enumerates responsibilities under Indus Basin Treaty

World Bank enumerates responsibilities under Indus Basin Treaty

The World Bank's office here says that its principals in Washington have received a Pakistani letter asking them to 'appoint a Neutral Expert under the Indus Waters Treaty", and it was under examination to follow procedures laid down there. The terse two-
Published 20 Jan, 2005 12:00am
ADB to loan $2.192 billion in 2005-06

ADB to loan $2.192 billion in 2005-06

The Asian Development Bank (ADB) plans to provide about $2.192 billion development assistance to Pakistan during 2005-06 for achieving higher growth and ensuring that the benefits of the ongoing structural reforms reach the poor. ADB Country Director to P
Published 20 Jan, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 19, 2005).

Published 20 Jan, 2005 12:00am
ADB to loan $2.192 billion in 2005-06

ADB to loan $2.192 billion in 2005-06

The Asian Development Bank (ADB) plans to provide about $2.192 billion development assistance to Pakistan during 2005-06 for achieving higher growth and ensuring that the benefits of the ongoing structural reforms reach the poor. ADB Country Director to P
Published 20 Jan, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 19, 2005).

Published 20 Jan, 2005 12:00am
Over 2 million perform Haj

Over 2 million perform Haj

The Haj pilgrimage culminated on Wednesday with over two million pilgrims from around the world converging on Mount Arafat. From sunrise, convoys of more than 20,000 buses carried the pilgrims from Mina valley where they spent the night in a city o
Published 20 Jan, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 19, 2005).

Published 20 Jan, 2005 12:00am
Over 2 million perform Haj

Over 2 million perform Haj

The Haj pilgrimage culminated on Wednesday with over two million pilgrims from around the world converging on Mount Arafat. From sunrise, convoys of more than 20,000 buses carried the pilgrims from Mina valley where they spent the night in a city o
Published 20 Jan, 2005 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (January 19, 2005).

Published 20 Jan, 2005 12:00am
Sri Lankan stocks at record high

Sri Lankan stocks at record high

Sri Lanka stocks reached a new record closing high on Wednesday in the market's busiest trading day so far this year as local investors bought key blue chip shares, brokers said. The key Colombo all-share index jumped 0.8 percent or 12.7 points, to 1,589.
Published 20 Jan, 2005 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks fell Wednesday, as Motorola Inc sank 7 percent after giving a disappointing profit outlook, and other companies posted uninspiring quarterly earnings. Motorola, an S&P 500 component, tumbled $1.28 to $16.15, a day after it said first-quarter ear
Published 20 Jan, 2005 12:00am
Bonds: General Motors results in focus

Bonds: General Motors results in focus

Better than expected fourth quarter earnings from General Motors Corp on Wednesday left its euro bonds broadly unchanged on the day as an initial rally faded as the market looked beyond the headline figures. In the high-yield market, French chemicals comp
Published 20 Jan, 2005 12:00am
THE RUPEE: fresh gains versus dollar

THE RUPEE: fresh gains versus dollar

Significant rise was again witnessed in the interbank market on Wednesday as the rupee posted fresh gain in terms of the dollar, picking up ten paisa on the buying side at 59.31 and gained 12 paisa on the selling counter at 59.33, respectively. The rupee
Published 20 Jan, 2005 12:00am
Bonds: General Motors results in focus

Bonds: General Motors results in focus

Better than expected fourth quarter earnings from General Motors Corp on Wednesday left its euro bonds broadly unchanged on the day as an initial rally faded as the market looked beyond the headline figures. In the high-yield market, French chemicals comp
Published 20 Jan, 2005 12:00am
THE RUPEE: fresh gains versus dollar

THE RUPEE: fresh gains versus dollar

Significant rise was again witnessed in the interbank market on Wednesday as the rupee posted fresh gain in terms of the dollar, picking up ten paisa on the buying side at 59.31 and gained 12 paisa on the selling counter at 59.33, respectively. The rupee
Published 20 Jan, 2005 12:00am
Seoul shares end lower

Seoul shares end lower

Seoul shares ended lower on Wednesday, led by key technology issues such as Samsung Electronics after a recent rally fizzled, but losses were capped as robust US quarterly earnings lifted select exporters. The benchmark Korea Composite Stock Price Index (
Published 20 Jan, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (January 19, 2005).

Published 20 Jan, 2005 12:00am
Britain's top share index stays down for second day

Britain's top share index stays down for second day

Britain's top shares fell for a second day on Wednesday, erasing morning gains following a mixed batch of results from US companies and as publisher Pearson lost ground due to poor trading at its Penguin books unit. But glass maker Pilkington was the late
Published 20 Jan, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Jan, 2005 12:00am
Indian rupee ends just a tad up

Indian rupee ends just a tad up

The rupee ended marginally higher after remaining stuck in a zone through Wednesday as traders played it cautious ahead of US data releases, amid doubts about whether a recent dollar rally could be sustained. The Indian unit closed at 43.7100/7200 per dol
Published 20 Jan, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Jan, 2005 12:00am
Sterling gains versus dollar and euro

Sterling gains versus dollar and euro

Sterling gained half a percent against the dollar and rose to its highest in a month versus the euro on Wednesday, aided by a broadly weaker dollar and buoyed by a modest tightening in UK labour market conditions. Average earnings in Britain in the three
Published 20 Jan, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.

Published 20 Jan, 2005 12:00am
Dollar sheds recent gains

Dollar sheds recent gains

The dollar backed off a two-month high against the euro and sterling on Wednesday, losing momentum after Tuesday's rally following stronger-than-expected data on foreign capital flows to the United States. The figures showed the US was attracting more tha
Published 20 Jan, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (January 19, 2005).

Published 20 Jan, 2005 12:00am
Cocoa smuggling leaves Ivory Coast buyers short

Cocoa smuggling leaves Ivory Coast buyers short

Smugglers offering higher prices to farmers are still diverting some of top producer Ivory Coast's cocoa beans into neighbouring Ghana, co-operatives and buyers said on Wednesday. An accountant at the Coopanon co-operative in Agnibilekrou near the Ghanaia
Published 20 Jan, 2005 12:00am
Hungary bans Monsanto GMO maize seeds

Hungary bans Monsanto GMO maize seeds

Hungary, one of the biggest grain producers in the new EU, became the first country in eastern Europe to ban GMO maize when on Wednesday it outlawed the planting of Monsanto Co's MON 810 maize hybrid seeds. The Agriculture Ministry said it had banned MON
Published 20 Jan, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Jan, 2005 12:00am
Oil prices fall ahead of US inventory data

Oil prices fall ahead of US inventory data

Oil prices fell Wednesday amid expectations that a US government report will show increases in fuel stockpiles, but remained supported by robust heating demand due to frosty weather in the Northern Hemisphere. US oil futures fell 83 cents. or 1.7 percent,
Published 20 Jan, 2005 12:00am
London sugar down on industry buying

London sugar down on industry buying

London white sugar futures lost intra-day gains to finish down a touch on Wednesday as speculators took profits, traders said. At the settle the front-month futures contract was $257.60 a tonne, down $1.40 from the previous session. Earlier in the day the
Published 20 Jan, 2005 12:00am
New York cotton

New York cotton

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

Published 20 Jan, 2005 12:00am
New York cotton

New York cotton

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

Published 20 Jan, 2005 12:00am
New York cotton rallies to 14-week high

New York cotton rallies to 14-week high

Cotton futures finished up Wednesday at a 14-week peak on speculative fund buying, with fibre contracts seemingly poised to run higher in the days ahead, dealers said. The New York Board of Trade's March cotton contract jumped 1.25 cents to end at 47.96 c
Published 20 Jan, 2005 12:00am
London cocoa futures close level

London cocoa futures close level

London cocoa futures ended level on Wednesday after a session featuring mainly spread and options activity, dealers said. "In terms of outright activity people are just sitting on the fence as they wait to see what the next trend will be," one trader said
Published 20 Jan, 2005 12:00am
Smelter slowdown drives zinc to 7-1/4-year high

Smelter slowdown drives zinc to 7-1/4-year high

London Metal Exchange (LME) zinc rose 2.65 percent to close at its highest since October 1997 on Wednesday, rising after China's Zhuzhou smelter temporarily cut production by a third because of power shortages, analysts said. Zinc closed at $1,238 a tonne
Published 20 Jan, 2005 12:00am
Gold a prey to dollar fluctuations in Europe

Gold a prey to dollar fluctuations in Europe

Gold stayed higher in Europe on Wednesday afternoon, though pulled around by dollar fluctuations after US inflation data at 1330 GMT. The US December consumer price index fell 0.1 percent, which was broadly within expectations. The dollar initially fell t
Published 20 Jan, 2005 12:00am
US MIDDAY: coffee drifts down on export

US MIDDAY: coffee drifts down on export

Arabica coffee futures ended modestly weaker Wednesday as speculators took profits on yesterday's rally, traders said. The New York Board of Trade's March contract settled at 104.10 cents a lb, off 0.30 cent, after trading from 103.30 to 105.25 cents. The
Published 20 Jan, 2005 12:00am
US MIDDAY: cocoa futures inch up on short-covering

US MIDDAY: cocoa futures inch up on short-covering

New York cocoa futures firmed slightly amid quiet trading Wednesday, with market players awaiting fresh crop estimates from leading growing region West Africa, traders said. The New York Board of Trade's benchmark March cocoa contract advanced $3 to settl
Published 20 Jan, 2005 12:00am
US MIDDAY: sugar mixed on speculative sales

US MIDDAY: sugar mixed on speculative sales

Raw sugar futures closed mixed Wednesday as trade buying was again offset by speculative sales, with the sweetener seen staying in a band due to a dearth of news, brokers said. The New York Board of Trade's March raw sugar contract rose 0.03 cent to concl
Published 20 Jan, 2005 12:00am
US MIDDAY: wheat moves up on light short covering

US MIDDAY: wheat moves up on light short covering

Chicago Board of Trade wheat futures were higher at midsession on Wednesday, rebounding from recent declines on light short covering, traders said. "Some people who have been short are a little antsy about being short at these levels. Trying to get a litt
Published 20 Jan, 2005 12:00am
US MIDDAY: corn higher on trade buying

US MIDDAY: corn higher on trade buying

Corn futures at the Chicago Board of Trade were about a penny higher across the board midday Wednesday, supported by firm cash markets, traders said. CBOT March corn was up 1 cent at $1.97 per bushel by 12:15 pm CST (1815 GMT). The deferreds were 1/2 to 1
Published 20 Jan, 2005 12:00am
US MIDDAY: soyabeans rally on technical bounce

US MIDDAY: soyabeans rally on technical bounce

Soyabean futures at the Chicago Board of Trade climbed early Wednesday, led higher by the nearby month amid logistic delays in moving beans to export facilities, traders said. March soyabean futures were 7-1/4 cents higher at $5.20-3/4 per bushel by noon
Published 20 Jan, 2005 12:00am
US MIDDAY: copper firms on funds buying

US MIDDAY: copper firms on funds buying

Copper futures shot higher early Wednesday, propelled by dollar weakness and reinforced by robust US housing data and a drop in inflation and unemployment readings, traders said. "Funds started buying on the weaker dollar. The euro at the time was up near
Published 20 Jan, 2005 12:00am
US MIDDAY: gold rises on economic data

US MIDDAY: gold rises on economic data

US gold futures rose to their highest mark in four sessions on early Wednesday as the US dollar failed to react positively to a batch of US economic data. "The data was probably a little dollar friendly, but the dollar didn't react at all. The dollar was
Published 20 Jan, 2005 12:00am
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