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Print - 2005-09-27
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 26, 2005).

Published 27 Sep, 2005 12:00am
ISE index up 19.56 points

ISE index up 19.56 points

On the first day of the week, Islamabad Stock Exchange (ISE) registered increase of 19.56 points in overall network index that reached to level of 11,679.07 points from the last working day of 11,659.51 points. Overall turnover remained 2,046,000 shares a
Published 27 Sep, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 26, 2005).

Published 27 Sep, 2005 12:00am
LSE index up 13.13 points

LSE index up 13.13 points

With active buying support from fertilisers, cements and banking stocks, share prices increased on Lahore Stock Exchange (LSE), however, trade volume remained on the lower side.
Published 27 Sep, 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 Monday (September 26, 2005).

Published 27 Sep, 2005 12:00am
LSE index up 13.13 points

LSE index up 13.13 points

With active buying support from fertilisers, cements and banking stocks, share prices increased on Lahore Stock Exchange (LSE), however, trade volume remained on the lower side.
Published 27 Sep, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (September 26, 2005).

Published 27 Sep, 2005 12:00am
Etisalat payment rumour jacks up stock market

Etisalat payment rumour jacks up stock market

Last half-hour buying in PTCL on Monday on rumour that Etisalat would soon release the remaining payment ignited the share market, helping the index to close above 8200 level.
Published 27 Sep, 2005 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (September 26, 2005).
Published 27 Sep, 2005 12:00am
Etisalat payment rumour jacks up stock market

Etisalat payment rumour jacks up stock market

Last half-hour buying in PTCL on Monday on rumour that Etisalat would soon release the remaining payment ignited the share market, helping the index to close above 8200 level.
Published 27 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by approximately 6 pps and its value increased by 0.05% to close at 98.4889. Yields increased in both the short and long tenors by approximately 1 basis points while they decreased by approximately 2 basis points among th
Published 27 Sep, 2005 12:00am
Etisalat payment rumour jacks up stock market

Etisalat payment rumour jacks up stock market

Last half-hour buying in PTCL on Monday on rumour that Etisalat would soon release the remaining payment ignited the share market, helping the index to close above 8200 level.
Published 27 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by approximately 6 pps and its value increased by 0.05% to close at 98.4889. Yields increased in both the short and long tenors by approximately 1 basis points while they decreased by approximately 2 basis points among th
Published 27 Sep, 2005 12:00am
First ''''index tracker fund'''' launched

First ''''index tracker fund'''' launched

AKD Investment Management Ltd has launched first of its kind mutual fund in Pakistan -- AKD Index Tracker Fund -- which would give access to hedging/diversifying investment tools used in all major global financial markets.
Published 27 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by approximately 6 pps and its value increased by 0.05% to close at 98.4889. Yields increased in both the short and long tenors by approximately 1 basis points while they decreased by approximately 2 basis points among th
Published 27 Sep, 2005 12:00am
First ''index tracker fund'' launched

First ''index tracker fund'' launched

AKD Investment Management Ltd has launched first of its kind mutual fund in Pakistan -- AKD Index Tracker Fund -- which would give access to hedging/diversifying investment tools used in all major global financial markets.
Published 27 Sep, 2005 12:00am
First 'index tracker fund' launched

First 'index tracker fund' launched

AKD Investment Management Ltd has launched first of its kind mutual fund in Pakistan -- AKD Index Tracker Fund -- which would give access to hedging/diversifying investment tools used in all major global financial markets.
Published 27 Sep, 2005 12:00am
First 'index tracker fund' launched

First 'index tracker fund' launched

AKD Investment Management Ltd has launched first of its kind mutual fund in Pakistan -- AKD Index Tracker Fund -- which would give access to hedging/diversifying investment tools used in all major global financial markets.
Published 27 Sep, 2005 12:00am
Saarc workshop considers power tariff regulator's role

Saarc workshop considers power tariff regulator's role

Privatisation and Investment Minister Dr Abdul Hafeez Sheikh said on Monday that regulator's tariff models should be acceptable to all stakeholders, and consumers be given right to purchase electricity from companies of their choice.
Published 27 Sep, 2005 12:00am
25 proposed thermal projects shelved

25 proposed thermal projects shelved

The government has dumped the proposals for establishment of 25 thermal power projects, of 3964 MW capacity, which would have cost $3 billion, due to non-availability of gas, official sources told Business Recorder.
Published 27 Sep, 2005 12:00am
25 proposed thermal projects shelved

25 proposed thermal projects shelved

The government has dumped the proposals for establishment of 25 thermal power projects, of 3964 MW capacity, which would have cost $3 billion, due to non-availability of gas, official sources told Business Recorder.
Published 27 Sep, 2005 12:00am
25 proposed thermal projects shelved

25 proposed thermal projects shelved

The government has dumped the proposals for establishment of 25 thermal power projects, of 3964 MW capacity, which would have cost $3 billion, due to non-availability of gas, official sources told Business Recorder.
Published 27 Sep, 2005 12:00am
No response from Kabul on fencing border: foreign office

No response from Kabul on fencing border: foreign office

The Foreign Office said on Monday that it had not received any official communication on President Pervez Musharraf's suggestion that sensitive points on Pak-Afghan border could be fenced to prevent undesirable crossings.
Published 27 Sep, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (September 26, 2005).

Published 27 Sep, 2005 12:00am
No response from Kabul on fencing border: foreign office

No response from Kabul on fencing border: foreign office

The Foreign Office said on Monday that it had not received any official communication on President Pervez Musharraf's suggestion that sensitive points on Pak-Afghan border could be fenced to prevent undesirable crossings.
Published 27 Sep, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (September 26, 2005).
Published 27 Sep, 2005 12:00am
Tenders invited for sale of treasury bills

Tenders invited for sale of treasury bills

The State Bank of Pakistan (SBP) has invited tenders for the sale of Treasury Bills (TBs). The pre-auction target is Rs 50 billion. The TBs of 3-months (maturity on December 22, 2005); 6-months (maturity on March 30, 2006); and 12-months (maturity on Sept
Published 27 Sep, 2005 12:00am
Tenders invited for sale of treasury bills

Tenders invited for sale of treasury bills

The State Bank of Pakistan (SBP) has invited tenders for the sale of Treasury Bills (TBs). The pre-auction target is Rs 50 billion. The TBs of 3-months (maturity on December 22, 2005); 6-months (maturity on March 30, 2006); and 12-months (maturity on Sept
Published 27 Sep, 2005 12:00am
Bill buying rates per unit of currency

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 Monday (September 26, 2005).

Published 27 Sep, 2005 12:00am
Tenders invited for sale of treasury bills

Tenders invited for sale of treasury bills

The State Bank of Pakistan (SBP) has invited tenders for the sale of Treasury Bills (TBs). The pre-auction target is Rs 50 billion. The TBs of 3-months (maturity on December 22, 2005); 6-months (maturity on March 30, 2006); and 12-months (maturity on Sept
Published 27 Sep, 2005 12:00am
Tenders invited for sale of treasury bills

Tenders invited for sale of treasury bills

The State Bank of Pakistan (SBP) has invited tenders for the sale of Treasury Bills (TBs). The pre-auction target is Rs 50 billion. The TBs of 3-months (maturity on December 22, 2005); 6-months (maturity on March 30, 2006); and 12-months (maturity on Sept
Published 27 Sep, 2005 12:00am
Pak-India aviation talks today

Pak-India aviation talks today

Pakistan and India will hold fresh talks on air and road links this week to strengthen their ongoing peace process, the foreign ministry said on Monday.
Published 27 Sep, 2005 12:00am
Pak-India aviation talks today

Pak-India aviation talks today

Pakistan and India will hold fresh talks on air and road links this week to strengthen their ongoing peace process, the foreign ministry said on Monday.
Published 27 Sep, 2005 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (September 26, 2005).

Published 27 Sep, 2005 12:00am
Pak-India aviation talks today

Pak-India aviation talks today

Pakistan and India will hold fresh talks on air and road links this week to strengthen their ongoing peace process, the foreign ministry said on Monday.
Published 27 Sep, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (September 26, 2005).

Published 27 Sep, 2005 12:00am
NCEL preparing automated market monitoring system

NCEL preparing automated market monitoring system

National Commodity Exchange Limited (NCEL) is expanding its market surveillance capabilities by building a completely automated market monitoring system which will use artificial intelligence as its primary referent.
Published 27 Sep, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (September 26, 2005).

Published 27 Sep, 2005 12:00am
NCEL preparing automated market monitoring system

NCEL preparing automated market monitoring system

National Commodity Exchange Limited (NCEL) is expanding its market surveillance capabilities by building a completely automated market monitoring system which will use artificial intelligence as its primary referent.
Published 27 Sep, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

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 27 Sep, 2005 12:00am
NCEL preparing automated market monitoring system

NCEL preparing automated market monitoring system

National Commodity Exchange Limited (NCEL) is expanding its market surveillance capabilities by building a completely automated market monitoring system which will use artificial intelligence as its primary referent.
Published 27 Sep, 2005 12:00am
State Bank of Pakistan conversion rates

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 27 Sep, 2005 12:00am
Musharraf striving for strong Pakistan: Altaf

Musharraf striving for strong Pakistan: Altaf

Muttahida Qaumi Movement (MQM) chief Altaf Hussain said President General Pervez Musharraf is striving to make Pakistan powerful while opposition parties are just trying the opposite.
Published 27 Sep, 2005 12:00am
'PML-Q only legitimate representative of people'

'PML-Q only legitimate representative of people'

Political secretary to Sindh Chief Minister Abdul Ghaffar Qureshi has asked Leader of the Opposition in the Sindh Assembly Nisar Ahmed Khuhro to accept defeat of the Pakistan Peoples Party in the local body elections and acknowledge the Pakistan Muslim Le
Published 27 Sep, 2005 12:00am
Shujaat, chief ministers call on Shaukat

Shujaat, chief ministers call on Shaukat

Pakistan Muslim League President Chaudhry Shujaat Hussain along with Chaudhry Pervaiz Elahi, Chief Minister of Punjab and Dr Arbab Ghulam Rahim, Chief Minister of Sindh, called on Prime Minister Shaukat Aziz here at the Prime Minister House.
Published 27 Sep, 2005 12:00am
Tributes paid to Rafiq Baig

Tributes paid to Rafiq Baig

Management and staff of the National Bank of Pakistan paid rich tribute to Late Mirza Rafiq Baig, for his excellent services towards promotion of remarkable industrial peace in National Bank of Pakistan.
Published 27 Sep, 2005 12:00am
Over 900 million women infected with tuberculosis globally

Over 900 million women infected with tuberculosis globally

Tuberculosis (TB) is the single biggest infectious killer of women, as over 900 million women, mainly between the ages of 15-44 years, are infected with TB world-wide, out of whom one million will die and 2.5 million will get sick this year.
Published 27 Sep, 2005 12:00am
Oil cake market rates

Oil cake market rates

Low activity was seen on the forward cottonseed oilcake market as the buyers did not take interest in the fresh deals due to strong supply position, dealers said.
Published 27 Sep, 2005 12:00am
Crocker lauds PRCS support for Katrina victims

Crocker lauds PRCS support for Katrina victims

US ambassador Ryan C. Crocker has expressed his heart-felt appreciation and thanks to the people of Pakistan and the Pakistan Red Crescent Society (PRCS) for generous and gracious assistance provided by them for the victims of hurricane Katrina.
Published 27 Sep, 2005 12:00am
Cotton prices soften amid slow trading

Cotton prices soften amid slow trading

Softness prevailed in the cotton market on Monday amid fresh arrivals of phutti as the rains almost stopped in the cotton growing areas, dealers said.
Published 27 Sep, 2005 12:00am
Six Stinger missiles seized near Afghan border

Six Stinger missiles seized near Afghan border

Frontier Corps (FC) officials on Monday seized huge cache of destructive weapons including six Stinger missiles, bombs and anti-tank mines in Mohmand Agency.
Published 27 Sep, 2005 12:00am
Wheat lower by Rs 5, other items stay put

Wheat lower by Rs 5, other items stay put

Fresh arrivals from upcountry centres prevented any sharp fluctuation on the grain market on Monday, dealers said. A few changes seen on the cereals side as the wheat Mexipak old and new both types shed rupees five to Rs 1090 and Rs 1100, respectively.
Published 27 Sep, 2005 12:00am
Six Stinger missiles seized near Afghan border

Six Stinger missiles seized near Afghan border

Frontier Corps (FC) officials on Monday seized huge cache of destructive weapons including six Stinger missiles, bombs and anti-tank mines in Mohmand Agency.
Published 27 Sep, 2005 12:00am
Malaysian oil palm exports up

Malaysian oil palm exports up

Malaysian exports of oil palm products for September 1 to 25 are estimated to have risen 12.4 percent to 1,021,894 tonnes from the 908,956 tonnes tracked for August 1 to 25, Society General de Surveillance, a cargo surveyor, said on Monday.
Published 27 Sep, 2005 12:00am
Pak-US economic ties discussed

Pak-US economic ties discussed

Advisor to prime minister on finance, economy and revenue Dr Salman Shah on Monday held a meeting with Robert Kimmitt, his counterpart at the Treasury Department.
Published 27 Sep, 2005 12:00am
HRW wheat bids steady to weaker

HRW wheat bids steady to weaker

Spot basis offers for hard red winter wheat were steady to weaker on Monday as merchants saw increased country selling in the face of higher futures prices.
Published 27 Sep, 2005 12:00am
Pak-US economic ties discussed

Pak-US economic ties discussed

Advisor to prime minister on finance, economy and revenue Dr Salman Shah on Monday held a meeting with Robert Kimmitt, his counterpart at the Treasury Department.
Published 27 Sep, 2005 12:00am
Brazil coffee areas get soaked

Brazil coffee areas get soaked

A cold front rolling over Brazil's south-east coffee belt is causing widespread rains, meteorologist Somar said Monday, a sign that the first major flowing of trees may be in store.
Published 27 Sep, 2005 12:00am
Pak-US economic ties discussed

Pak-US economic ties discussed

Advisor to prime minister on finance, economy and revenue Dr Salman Shah on Monday held a meeting with Robert Kimmitt, his counterpart at the Treasury Department.
Published 27 Sep, 2005 12:00am
US Midwest soya bids weak, corn steady

US Midwest soya bids weak, corn steady

Soyabean basis bids were steady to weak in the US Midwest interior early on Monday, weighed down by recent harvest selling, while corn bids were mostly steady amid quiet movement, dealers said. Soya processor bids fell 2 to 15 cents in Indiana.
Published 27 Sep, 2005 12:00am
President''s Investment Initiative approved

President''s Investment Initiative approved

A meeting, jointly chaired by President Pervez Musharraf and Prime Minister Shaukat Aziz on Monday here identified major hurdles in investment, and decided to launch ''President''s Investment Initiative'', a programme to simplify the procedure and formali
Published 27 Sep, 2005 12:00am
Russian winter grain area seen record low

Russian winter grain area seen record low

SovEcon provisionally forecasts Russia's winter grain area to be sown for the 2006 harvest at a record low of 12.3-12.85 million hectares compared with 13.9 million hectares last year.
Published 27 Sep, 2005 12:00am
President's Investment Initiative approved

President's Investment Initiative approved

A meeting, jointly chaired by President Pervez Musharraf and Prime Minister Shaukat Aziz on Monday here identified major hurdles in investment, and decided to launch 'President's Investment Initiative', a programme to simplify the procedure and formalitie
Published 27 Sep, 2005 12:00am
CIF Gulf corn and soyabean mostly steady

CIF Gulf corn and soyabean mostly steady

US CIF Gulf corn and soyabean basis values were mostly steady on Monday, with traders reporting no serious damage from Hurricane Rita to export facilities at the Texas Gulf, traders said.
Published 27 Sep, 2005 12:00am
President's Investment Initiative approved

President's Investment Initiative approved

A meeting, jointly chaired by President Pervez Musharraf and Prime Minister Shaukat Aziz on Monday here identified major hurdles in investment, and decided to launch 'President's Investment Initiative', a programme to simplify the procedure and formalitie
Published 27 Sep, 2005 12:00am
Thai sugar premiums seen steady

Thai sugar premiums seen steady

Thai sugar premiums are likely to hold steady this week with new offers for shipments in 2006 remaining thin, traders said on Monday. Raw sugar premiums for March-May shipment were offered steady at 85 points over the New York Board of Trade raw sugar fut
Published 27 Sep, 2005 12:00am
11 killed in Multan road mishap

11 killed in Multan road mishap

Eleven people were killed and 59 others injured on Monday when two buses overturned in Multan. According to details, devotees from Burewala and adjacent areas reached the Multan fort to visit shrines of Shah Rukn-e-Alam and Bahauddin Zakariya after attend
Published 27 Sep, 2005 12:00am
11 killed in Multan road mishap

11 killed in Multan road mishap

Eleven people were killed and 59 others injured on Monday when two buses overturned in Multan. According to details, devotees from Burewala and adjacent areas reached the Multan fort to visit shrines of Shah Rukn-e-Alam and Bahauddin Zakariya after attend
Published 27 Sep, 2005 12:00am
Ivorian cocoa arrivals up

Ivorian cocoa arrivals up

Cocoa arrivals at ports in Ivory Coast reached about 55,000 tonnes during the first three weeks of September, indicating a strong flow ahead of the October 1 start of the 2005/06 cocoa season, exporters said on Monday.
Published 27 Sep, 2005 12:00am
Sharon wins Likud party vote

Sharon wins Likud party vote

Israeli Prime Minister Ariel Sharon triumphed in a Likud party vote on Monday, stalling a leadership challenge by rightist Benjamin Netanyahu, a Likud official said after the ballots were counted.
Published 27 Sep, 2005 12:00am
Ukraine September seaport grain exports fall

Ukraine September seaport grain exports fall

Ukraine, a leading grain exporter, has slashed seaport grain shipments by 28 percent to 487,430 tonnes in the first 20 days of September from 689,710 in the same period in August, analysts said on Monday.
Published 27 Sep, 2005 12:00am
Sharon wins Likud party vote

Sharon wins Likud party vote

Israeli Prime Minister Ariel Sharon triumphed in a Likud party vote on Monday, stalling a leadership challenge by rightist Benjamin Netanyahu, a Likud official said after the ballots were counted.
Published 27 Sep, 2005 12:00am
Europe seen producing strong beet crop

Europe seen producing strong beet crop

Europe is expecting an excellent sugar beet crop this year, based on beet test results so far and demand for export licences, merchant Czarnikow said.
Published 27 Sep, 2005 12:00am
CCoP approves highest bids for MCL and JCL

CCoP approves highest bids for MCL and JCL

The Cabinet Committee on Privatisation (CCoP), chaired by Prime Minster Shaukat Aziz, approved here on Monday the highest bids received for Mustehkam Cement Ltd (MCL) and Javedan Cement Ltd (JCL).
Published 27 Sep, 2005 12:00am
UK July grain exports up

UK July grain exports up

UK grain exports rose in July, boosted by a sharp climb in shipments of both wheat and barley to drought-hit Spain, official customs data showed on Monday.
Published 27 Sep, 2005 12:00am
CCoP approves highest bids for MCL and JCL

CCoP approves highest bids for MCL and JCL

The Cabinet Committee on Privatisation (CCoP), chaired by Prime Minster Shaukat Aziz, approved here on Monday the highest bids received for Mustehkam Cement Ltd (MCL) and Javedan Cement Ltd (JCL).
Published 27 Sep, 2005 12:00am
Indian soyameal exporters eye big sales in October

Indian soyameal exporters eye big sales in October

India's soyameal exports are expected to pick up after a slow start with countries like Japan showing keen interest in the meal because it is non-genetically modified, a leading exporter said on Monday.
Published 27 Sep, 2005 12:00am
CCoP approves highest bids for MCL and JCL

CCoP approves highest bids for MCL and JCL

The Cabinet Committee on Privatisation (CCoP), chaired by Prime Minster Shaukat Aziz, approved here on Monday the highest bids received for Mustehkam Cement Ltd (MCL) and Javedan Cement Ltd (JCL).
Published 27 Sep, 2005 12:00am
Kenyan monthly tea crops to rise

Kenyan monthly tea crops to rise

Kenya's tea regulator said the east African country's average monthly tea production for October-December is expected to rise 10.3 percent over the same period in 2004.
Published 27 Sep, 2005 12:00am
Merits of sell-off process highlighted

Merits of sell-off process highlighted

The public sector entities are a constant burden on national exchequer and a cause of the poor''s miseries, said Privatisation Minister Dr Abdul Hafeez Shaikh while addressing the ''National Privatisation Conference" organised by ''Actionaid Organisation'
Published 27 Sep, 2005 12:00am
Singapore bunker fuel prices down

Singapore bunker fuel prices down

Singapore bunker prices continued their slide on Monday, tracking the drop seen in Singapore cargo prices as global crude benchmarks turned in significant losses. Prices for 380-centistoke (cst) bunker fuel were pegged at $313-315 a tonne.
Published 27 Sep, 2005 12:00am
Merits of sell-off process highlighted

Merits of sell-off process highlighted

The public sector entities are a constant burden on national exchequer and a cause of the poor's miseries, said Privatisation Minister Dr Abdul Hafeez Shaikh while addressing the 'National Privatisation Conference" organised by 'Actionaid Organisation'. T
Published 27 Sep, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 282,818 tonnes of cargo including 215,252 tonnes import and 67,566 tonnes export cargo including 1,149 containers during last 48 hours ending at 0700 hours on Monday.
Published 27 Sep, 2005 12:00am
Merits of sell-off process highlighted

Merits of sell-off process highlighted

The public sector entities are a constant burden on national exchequer and a cause of the poor's miseries, said Privatisation Minister Dr Abdul Hafeez Shaikh while addressing the 'National Privatisation Conference" organised by 'Actionaid Organisation'. T
Published 27 Sep, 2005 12:00am
Indian edible oil prices to firm as stocks ease

Indian edible oil prices to firm as stocks ease

Indian domestic edible oil prices are expected to firm in coming months in line with global prices, which are likely to rise 5-10 percent from October, a leading industry analyst said.
Published 27 Sep, 2005 12:00am
Tokyo gold plunges over two percent

Tokyo gold plunges over two percent

Tokyo gold futures plunged more than two percent on Monday from a 14-year high reached last week, pressured by the dollar's gains and by falls in oil prices after US refineries escaped damage from Hurricane Rita.
Published 27 Sep, 2005 12:00am