News Archives for Print - 2005-11-25

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 Nov, 2005 12:00am

German punished for giving nuclear equipment to Pakistan

A German businessman was on Thursday sentenced to seven years and three months in prison for illegally supplying Pakistan with equipment to build nuclear weapons.

Published 25 Nov, 2005 12:00am

ILO to start $3 million labour-intensive plan in quake-hit areas

The International Labour Organisation (ILO) will kick off labour intensive and skilled programme costing $3 million in quake-stricken areas of Pakistan and this proposed training programme would be carried out in early next year, said Geir Myrstad, head,

Published 25 Nov, 2005 12:00am

Accord signed to expand economic ties with Jakarta

Pakistan and Indonesia on Thursday signed a framework accord on expanding economic co-operation and expressed willingness to conclude Free Trade Agreement (FTA) at the earliest after formal talks between President General Pervez Musharraf and his counterp

Published 25 Nov, 2005 12:00am

APCA offers to construct 100-bed hospital in AJK

All Pakistan Contractors Association (APCA) has made an offer to the Prime Minister of Pakistan for the construction of 100-bed hospital in Azad Kashmir.

Published 25 Nov, 2005 12:00am

Accord signed to expand economic ties with Jakarta

Pakistan and Indonesia on Thursday signed a framework accord on expanding economic co-operation and expressed willingness to conclude Free Trade Agreement (FTA) at the earliest after formal talks between President General Pervez Musharraf and his counterp

Published 25 Nov, 2005 12:00am

Army, NGOs set up shelters for quake survivors

To provide cover to maximum quake victims be the snowfall and severe cold weather, Pakistan army engineers with the help of NGOs has stepped up construction of shelters for survivors in the quake affected areas of NWFP.

Published 25 Nov, 2005 12:00am

Accord signed to expand economic ties with Jakarta

Pakistan and Indonesia on Thursday signed a framework accord on expanding economic co-operation and expressed willingness to conclude Free Trade Agreement (FTA) at the earliest after formal talks between President General Pervez Musharraf and his counterp

Published 25 Nov, 2005 12:00am

Angelina visits quake-hit areas

Hollywood actress Angelina Jolie on Thursday visited the tented villages of earthquake-ravaged Balakot to express her solidarity and sympathies with the quake affected people.

Published 25 Nov, 2005 12:00am

Duty and GST on LPG import may be abolished

The Economic Co-ordination Committee (ECC) of the Cabinet is likely to abolish 5 percent customs duty and 15 percent general sales tax (GST) on the import of Liquefied Petroleum Gas (LPG) to increase availability of LPG and ensure its sufficient supply in

Published 25 Nov, 2005 12:00am

EU sells white sugar

The European Union sold 73,000 tonnes of white sugar at a maximum rebate of 39.374 euros per 100 kg at Thursday's tender, EU data said.

Published 25 Nov, 2005 12:00am

Duty and GST on LPG import may be abolished

The Economic Co-ordination Committee (ECC) of the Cabinet is likely to abolish 5 percent customs duty and 15 percent general sales tax (GST) on the import of Liquefied Petroleum Gas (LPG) to increase availability of LPG and ensure its sufficient supply in

Published 25 Nov, 2005 12:00am

Ukraine's white sugar output up

Ukraine's sugar refineries have increased white beet sugar output by about 11 percent to 1.77 million tonnes so far this year compared with about 1.60 million in the same period in 2004, producers said on Thursday.

Published 25 Nov, 2005 12:00am

Duty and GST on LPG import may be abolished

The Economic Co-ordination Committee (ECC) of the Cabinet is likely to abolish 5 percent customs duty and 15 percent general sales tax (GST) on the import of Liquefied Petroleum Gas (LPG) to increase availability of LPG and ensure its sufficient supply in

Published 25 Nov, 2005 12:00am

Singapore bunker fuel prices flat

Singapore bunker prices remained unchanged on Thursday despite the sharp drop in cargo levels, as traders continued to hold off offering prompt cargoes on concerns over supply tightness in December.

Published 25 Nov, 2005 12:00am

NIP to get Pakistan Steel''s excess land on freehold basis

The government has decided to transfer all excess land (2,420 acres) of Pakistan Steel Mill (PSM) to the National Industrial Parks Development and Management Company known as NIP on ''freehold'' basis at Rs 3 million per acre for developed land and Rs 1.5

Published 25 Nov, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 82,972 tonnes of cargo including 60,414 tonnes import and 22,558 tonnes export cargo including 3,964 containers during last 24 hours ending at 0700 hours on Thursday.

Published 25 Nov, 2005 12:00am

NIP to get Pakistan Steel's excess land on freehold basis

The government has decided to transfer all excess land (2,420 acres) of Pakistan Steel Mill (PSM) to the National Industrial Parks Development and Management Company known as NIP on 'freehold' basis at Rs 3 million per acre for developed land and Rs 1.5 m

Published 25 Nov, 2005 12:00am

Corn closes weak, new contract lows

Corn futures at the Chicago Board of Trade closed weak on Wednesday, pulled to new lows as soybeans fell to a nine-month bottom, traders said.

Published 25 Nov, 2005 12:00am

NIP to get Pakistan Steel's excess land on freehold basis

The government has decided to transfer all excess land (2,420 acres) of Pakistan Steel Mill (PSM) to the National Industrial Parks Development and Management Company known as NIP on 'freehold' basis at Rs 3 million per acre for developed land and Rs 1.5 m

Published 25 Nov, 2005 12:00am

CBOT wheat futures flat, sell-off in KCBT weighs

Wheat futures on the Chicago Board of Trade closed mostly flat in a shortened session on Wednesday, retreating from early strength in response to fund selling in the Kansas City market, traders said.

Published 25 Nov, 2005 12:00am

Growers to get Rs 100/40 kg premium on clean cotton

Textiles Minister Mushtaq Ali Cheema has announced Rs 100 per 40 kg premium for producing contamination-free cotton and assured the growers and ginners that they would get the additional payment within 45 days of supply.

Published 25 Nov, 2005 12:00am

Chemicals mixed on Jodia Bazar

The trading on chemicals closed both ways on Thursday on Jodia Bazar. The following changes were seen in the sodium sulphate down 25 paisa to Rs 8.50, N.J Taiwan up 50 paisa to Rs 99.50, formic acid Pak up Re 1 to Rs 43, oxalic acid China up Re 1 to Rs 39

Published 25 Nov, 2005 12:00am

Growers to get Rs 100/40 kg premium on clean cotton

Textiles Minister Mushtaq Ali Cheema has announced Rs 100 per 40 kg premium for producing contamination-free cotton and assured the growers and ginners that they would get the additional payment within 45 days of supply.

Published 25 Nov, 2005 12:00am

Tunisia buys milling wheat and barley

Tunisian state grains agency Office des Cereales has purchased 125,000 tonnes of milling wheat and 100,000 tonnes of barley in a tender for the same volume which closed on Thursday, European traders said.

Published 25 Nov, 2005 12:00am

Growers to get Rs 100/40 kg premium on clean cotton

Textiles Minister Mushtaq Ali Cheema has announced Rs 100 per 40 kg premium for producing contamination-free cotton and assured the growers and ginners that they would get the additional payment within 45 days of supply.

Published 25 Nov, 2005 12:00am

Dry weather lifts Swedish grain, oilseed planting

Sweden's autumn sowings of cereals and oilseeds rose sharply this year after a dry August and September let farmers harvest early and raise the area under cultivation, the agriculture board said on Thursday.

Published 25 Nov, 2005 12:00am

FOB Gulf corn soft on slow demand, soya steady

US FOB Gulf corn basis offers were steady to lower on Wednesday amid a lack of fresh demand while soyabeans were mostly steady, traders said. Barge freight on the lower Mississippi River at St. Louis was firm, but steady on the Illinois and Ohio rivers.

Published 25 Nov, 2005 12:00am

European sun oil bearish but demand seen rising

European sun oil prices have come under pressure in the past month from a sharp recovery in world sunseed supplies after shortages caused by poor harvests last year, traders said on Thursday.

Published 25 Nov, 2005 12:00am

Oil cake market rates

Easier trend was seen in the forward cottonseed oilcake market on Thursday as most of the buyers were on the sidelines due to limited interest , dealers said.

Published 25 Nov, 2005 12:00am

Hectic activity seen in rangebound trade

Hectic buying was witnessed in the cotton market on Thursday as prices fluctuated but within limited range, dealers said. The official spot rate was unchanged at Rs 2375, without upcountry expenses. Cotton prices in Punjab were at Rs 2400 and Rs 2425 on r

Published 25 Nov, 2005 12:00am

Guwar sheds Rs 25, wheat Rs 5

A few changes were seen in the grain market on Thursday as many buyers adhered to the sidelines for lack of interest, dealers said. On the cereals side, guwar continued overnight weakness for the second day in a row, losing Rs 25 to Rs 1825-1925 for all s

Published 25 Nov, 2005 12:00am

Pressure continues on cotton prices

Larger seedcotton (kapas/phutti) arrivals into the ginning factories and piling of unginned stocks this week, lower local and international yarn prices and accumulation of yarn with the mills in addition to subdued prices on the New York futures market ha

Published 25 Nov, 2005 12:00am

Pressure continues on cotton prices

Larger seedcotton (kapas/phutti) arrivals into the ginning factories and piling of unginned stocks this week, lower local and international yarn prices and accumulation of yarn with the mills in addition to subdued prices on the New York futures market ha

Published 25 Nov, 2005 12:00am

Oil World expects rise in exporters' soya oil stocks

Soya oil stocks in the main exporting countries the US, Argentina and Brazil are likely to reach 1,487,000 tonnes on December 31, 2005, up a hefty 351,000 tonnes on the year, Hamburg-based oilseeds analysts Oil World forecasts.

Published 25 Nov, 2005 12:00am

Hormel quarterly profit

Hormel Foods Corp on Wednesday posted a 17 percent jump in quarterly profit on strength in its grocery product segment. The maker of Jennie-O turkey products, Spam processed meat and other foods said profit in the fiscal fourth quarter ended October 30 wa

Published 25 Nov, 2005 12:00am

Hormel quarterly profit

Hormel Foods Corp on Wednesday posted a 17 percent jump in quarterly profit on strength in its grocery product segment. The maker of Jennie-O turkey products, Spam processed meat and other foods said profit in the fiscal fourth quarter ended October 30 wa

Published 25 Nov, 2005 12:00am

New York coffee futures dip on fund selling

US coffee futures settled down 1.1 percent in thin volume on Wednesday, weakened by fund and speculative selling ahead of a long weekend, market sources said.

Published 25 Nov, 2005 12:00am

New York cocoa futures down ahead of US holiday

US cocoa futures slid about 1 percent in pre-holiday trading on Wednesday, with contract switches and currency-related activity making up the bulk of turnover, market sources said.

Published 25 Nov, 2005 12:00am

MGE wheat lower on selling by funds

Spring wheat futures on the Minneapolis Grain Exchange closed lower in an abbreviated pre-holiday session on Wednesday as funds liquidated long positions, traders said.

Published 25 Nov, 2005 12:00am

World 2005-06 sugar output seen at 144.2 million tonnes

World sugar production in 2005/06 will be an estimated 144.2 million tonnes, up 3.3 million tonnes from a revised 2004/05 estimate, the US Agriculture Department said on Wednesday.

Published 25 Nov, 2005 12:00am

Malaysian tin closes flat

Malaysian tin closed flat on Thursday, unrifled by a fall in the metal's London price, dealers said. Spot tin on the Kuala Lumpur Tin Market stood at $6,050 per tonne on a volume of 49 tonnes, after having lost $50 on Wednesday. Lime's three-month tin, th

Published 25 Nov, 2005 12:00am

Indian gold futures climb

Indian sugar futures fell on Thursday on ample supplies and expectations for a good crop, while gold climbed tracking higher world markets. Soyoil extended a fall on sluggish demand.

Published 25 Nov, 2005 12:00am

New York gold ends off in pre-holiday trade, eyes $500 an ounce

Gold futures in New York ended down but off session lows on Wednesday as the market continued to show it resilience and held just below the psychological level of $500 an ounce, market sources said.

Published 25 Nov, 2005 12:00am

Tocom gold hovers near 15-year high

Tokyo gold futures finished firmer on Thursday, holding just short of a 15-year high, with operators shy of testing the upside due to a holiday in the United States and the yen's recovery from a two-year low against the dollar.

Published 25 Nov, 2005 12:00am

Gold edges higher in thin Asian trade

Gold gained more than $1 an ounce in Asia on Thursday but was stuck in a tight range ahead of a long holiday weekend in the United States.

Published 25 Nov, 2005 12:00am

Comex copper sets record by close as shorts cover

US copper futures finished on Wednesday with sizeable gains, reversing steep losses of a day to set an all-time peak as players rushed to cover short positions before the holiday weekend, traders said.

Published 25 Nov, 2005 12:00am

London Brent crude edges up on colder weather

London Brent crude prices edged up on Thursday as colder weather in the northern hemisphere improved demand for heating, offsetting a more comfortable US inventory picture.

Published 25 Nov, 2005 12:00am

Shanghai copper up

Shanghai copper futures recovered on Thursday after a 4 percent drop on Wednesday, supported by a spot market that showed signs of tightness despite releases by the State Reserves Bureau.

Published 25 Nov, 2005 12:00am

Vietnam coffee exports seen up

Vietnam will ship 117,000 tonnes (1.95 million 60-kg bags) of coffee in October-November, the first two months of the new crop year, up 30 percent from the same period last year, although the industry has forecast total 2005-06 exports will fall by around

Published 25 Nov, 2005 12:00am

New York sugar firmer

Raw sugar prices banked on late covering by small speculators to end firmer on Wednesday in fairly quiet dealings ahead of the Thanksgiving holiday weekend, brokers said.

Published 25 Nov, 2005 12:00am

Soyabeans fall to nine-month low

The Chicago Board of Trade soyabean market fell to a nine-month low on Wednesday on technical selling sparked by the weakness in soya oil and soyameal, traders said.

Published 25 Nov, 2005 12:00am

CBOT rice rallies

Chicago Board of Trade rough rice futures rallied on Wednesday on a technical bounce, breaking through key moving averages ahead of the US Thanksgiving holiday, traders said.

Published 25 Nov, 2005 12:00am

Asian rubber prices edge higher

Fears of tighter supplies are expected to keep Asian rubber prices firm but traders said on Thursday that consumers were also winding down purchases until prices cooled.

Published 25 Nov, 2005 12:00am

Malaysian palm oil down ahead of export data

Malaysian crude palm oil futures ended lower on Thursday, weighed down by weakness in rival US soyoil, but trading was thin as players awaited Friday's release of export estimates for November 1-25.

Published 25 Nov, 2005 12:00am

Renault unveils growth plans for South Korean unit

French carmaker Renault unveiled plans on Thursday to expand its South Korean unit, including a rapid increase in exports from next year and developing a sport utility vehicle by late 2007.

Published 25 Nov, 2005 12:00am

Nintendo profit falls, keeps forecast

Nintendo Co Ltd said on Thursday its first-half operating profit plunged 51 percent, hurt by sluggish GameCube sales in the United States, and it kept its forecast for a full year profit decline.

Published 25 Nov, 2005 12:00am

Nintendo profit falls, keeps forecast

Nintendo Co Ltd said on Thursday its first-half operating profit plunged 51 percent, hurt by sluggish GameCube sales in the United States, and it kept its forecast for a full year profit decline.

Published 25 Nov, 2005 12:00am

Broker Collins Stewart calls off bid talks

Collins Stewart Tullett, the world's second-biggest inter-dealer broking firm, on Thursday called off talks on a possible take-over, saying negotiations had failed over price.

Published 25 Nov, 2005 12:00am

Oracle gets poor response to India's i-flex offer

Oracle Corp's offer to buy up to 20 percent of Indian banking software company i-flex solutions ltd. from public shareholders has received a poor response because the bid was lower than the market price.

Published 25 Nov, 2005 12:00am

Oracle gets poor response to India's i-flex offer

Oracle Corp's offer to buy up to 20 percent of Indian banking software company i-flex solutions ltd. from public shareholders has received a poor response because the bid was lower than the market price.

Published 25 Nov, 2005 12:00am

Global chip plant third quarter usage rate rises

The utilisation rate of the world's microchip plants rose for a second straight quarter in July-September, an industry group said on Thursday, sending shares in Advantest and other chip gear makers soaring.

Published 25 Nov, 2005 12:00am

Global chip plant third quarter usage rate rises

The utilisation rate of the world's microchip plants rose for a second straight quarter in July-September, an industry group said on Thursday, sending shares in Advantest and other chip gear makers soaring.

Published 25 Nov, 2005 12:00am

Scientific sued over Cisco deal

Cable television set-top box maker Scientific-Atlanta Inc on Wednesday said it and its directors have been named in two lawsuits related to its $6.9 billion agreement to be bought by Cisco Systems Inc.

Published 25 Nov, 2005 12:00am

MUFG posts record $6 billion profit

Newly created banking giant Mitsubishi UFJ Financial Group (MUFG) posted first-half profit of $6 billion on Thursday, stronger than expected and the largest ever for a Japanese firm, helped by a sharp fall in the cost of cleaning up problem loans.

Published 25 Nov, 2005 12:00am

MUFG posts record $6 billion profit

Newly created banking giant Mitsubishi UFJ Financial Group (MUFG) posted first-half profit of $6 billion on Thursday, stronger than expected and the largest ever for a Japanese firm, helped by a sharp fall in the cost of cleaning up problem loans.

Published 25 Nov, 2005 12:00am

South Africa scraps plans for Durban port contract

South Africa has shelved plans to invite the private sector to manage the country's busy Durban container terminal in favour of a strategy to improve efficiency and reduce business costs, a top official said on Thursday.

Published 25 Nov, 2005 12:00am

Polish government softens stance in battle with refiners

Poland's Treasury said on Thursday it would not micro-manage state-owned oil refiners' pricing policies after talks with the companies, despite earlier claiming they had probably abused their market position.

Published 25 Nov, 2005 12:00am

Credit Suisse wins key ruling in Winterthur-XL Insurance row

Credit Suisse said on Thursday an arbitrator had decided in its favour in a row between its Winterthur insurance unit and XL Insurance Limited, ending the threat of a 1 billion Swiss franc ($760 million) payout.

Published 25 Nov, 2005 12:00am

Murdoch sees end of UK newspaper price wars

Rupert Murdoch, whose slashing of the cover price on Britain's The Times newspaper a decade ago transformed the industry, says the days of price wars are over.

Published 25 Nov, 2005 12:00am

China's growth offers huge opportunities for Asean: economists

China's spectacular growth is a huge opportunity rather than a threat for Asean countries, regional economists gathered here said on Thursday.

Published 25 Nov, 2005 12:00am

Trade, terror on agenda for Commonwealth heads

Commonwealth officials said Thursday that a summit here of the organisation's 53 member states, which together represent one-fifth of global trade, will deliver a fresh impetus to next month's WTO trade talks in Hong Kong.

Published 25 Nov, 2005 12:00am

Canon develops printer for digital TV broadcasts

Canon Inc said on Thursday it has developed a printer that can print information from digital TV broadcasts and aims to expand the business to 100 billion yen ($842.8 million) in five years.

Published 25 Nov, 2005 12:00am

Japanese trade surplus narrows

Japanese trade surplus narrowed in October as import costs continued to swell on high oil prices, offsetting a mild recovery in exports, government data showed on Thursday.

Published 25 Nov, 2005 12:00am

India woos Central Asia to secure energy supplies

India plans to build bridges with Central Asian oil producers to secure energy supplies, but analysts said Asia's third-largest oil consumer would take years to match rival China's success in oil diplomacy.

Published 25 Nov, 2005 12:00am

Microsoft loses money on each Xbox; IBM chip key

The cost of building a Microsoft Corp Xbox 360 video game console is nearly 40 percent higher than the retail price, technology and microchip research company iSuppli said on Wednesday.

Published 25 Nov, 2005 12:00am

China kicks off yuan market-maker system

China said on Thursday it has launched a long-awaited market-making system for the yuan's trade against foreign currencies, in a step towards greater flexibility for the rigidly held local unit.

Published 25 Nov, 2005 12:00am

EU reaches deal to reform sugar policy

European Union agriculture ministers reached a landmark deal on Thursday to reform the bloc's subsidy-laden sugar policy, agreeing a 36 percent cut in support prices over four years, a senior EU official said.

Published 25 Nov, 2005 12:00am

Italian government passes private pension reform

The Italian cabinet approved on Thursday a long-delayed reform intended to boost private pension funds and take the strain off the creaking state system.

Published 25 Nov, 2005 12:00am

EU body backs data storage rule

European Union lawmakers have agreed to store details of all EU-wide phone calls and Internet use, but the steps do not go as far as some member states had wanted in the battle against terrorism and other serious crime.

Published 25 Nov, 2005 12:00am

OECD draft ups Japan GDP view, tweaks others

The OECD predicts euro zone growth of 1.9 percent in 2006 after 1.4 percent GDP growth in 2005 and US growth of 3.5 percent in 2006 after 3.6 percent this year, according to draft OECD forecasts published by Bloomberg on Thursday.

Published 25 Nov, 2005 12:00am

Nokia wins network deal in India

Finnish mobile equipment maker Nokia has won a $141 million mobile network expansion deal in north India with state-owned Bharat Sanchar Nigam Ltd, it said in a statement on Thursday. The deal for the GSM/EDGE and GPRS network expansion is an extension of

Published 25 Nov, 2005 12:00am

Iraq seeks $38 billion to boost oil output, says Chalabi

Iraq seeks $38 billion of mainly foreign investment to boost crude output, but talks with oil majors to attract the capital are still in initial stages, the powerful head of the Iraqi Energy Council said on Thursday.

Published 25 Nov, 2005 12:00am

Mandelson slams drafts for key WTO meeting

EU Trade Commissioner Peter Mandelson said on Thursday that almost all the draft negotiating texts produced this week ahead of a World Trade Organisation meeting next month were unsatisfactory.

Published 25 Nov, 2005 12:00am

German business morale fades

News of a pre-Christmas plunge in morale among German retailers on Thursday prompted renewed questions about the potential fallout from higher sales taxes and the European Central Bank's plan to raise interest rates.

Published 25 Nov, 2005 12:00am

Jakarta shares close 1.61 percent firmer

Indonesian share prices closed 1.61 percent higher on Thursday, outperforming firmer regional markets, with gains led by Telkom and Perusahaan Gas Negara (PGN) on company-specific leads, dealers said.

Published 25 Nov, 2005 12:00am

Hong Kong shares make small gains

Hong Kong stocks rose slightly on Thursday, with property stocks extending gains made in the previous session after a Fed minutes report and ahead of the trading debut of the Link REIT initial public offering.

Published 25 Nov, 2005 12:00am

US stocks extend rally on better consumer sentiment

US stocks rose on Wednesday, extending a week-long rally, after a drop in crude oil prices and a report showing better-than-expected consumer sentiment set the stage for robust holiday spending.

Published 25 Nov, 2005 12:00am

Taiwan stocks decline

Taiwan stocks closed 0.19 percent lower on Thursday, with bellwether electronics shares such as TSMC losing momentum before foreign investors took a long vacation for a US holiday.

Published 25 Nov, 2005 12:00am

US Treasuries fall as Fed minutes second-guessed

US Treasury debt prices slipped on Wednesday as investors ignored a decent auction of two-year notes and came to grips with the likelihood of further interest rate hikes from the Federal Reserve.

Published 25 Nov, 2005 12:00am

US Treasuries fall as Fed minutes second-guessed

US Treasury debt prices slipped on Wednesday as investors ignored a decent auction of two-year notes and came to grips with the likelihood of further interest rate hikes from the Federal Reserve.

Published 25 Nov, 2005 12:00am

Thai stocks end little changed

Thai share prices closed little changed on Thursday in subdued trade as an ongoing row between the government and its critics slowed action on the trading floor, dealers said.

Published 25 Nov, 2005 12:00am

Philippines shares climb

Philippines share prices closed 0.76 percent higher on Thursday, boosted by overnight gains on Wall Street and the strength of the peso as foreign investors welcomed signs the country's fiscal position is improving, dealers said.

Published 25 Nov, 2005 12:00am

Singapore shares jump

Singapore share prices closed 0.43 percent higher on Thursday as investors hunted for bargains in select blue chip stocks, dealers said.

Published 25 Nov, 2005 12:00am

Nikkei hits five-year high on chips

Japan's Nikkei average rose 0.23 percent to its highest level in nearly five years on Thursday, extending its rally into a sixth session, as chip-related shares gained on optimism about the industry's outlook.

Published 25 Nov, 2005 12:00am

Malaysian shares close flat

Malaysian share prices closed flat on Thursday as investors remained cautious ahead of the release of third-quarter economic data next week, dealers said. They said there was some support from light window-dressing activity by local funds.

Published 25 Nov, 2005 12:00am

Steel stock rally aids Chinese shares gain

China's shares edged up over 0.6 percent on Thursday, giving up some of the morning's gains, as funds piled into steel counters like Baoshan Iron and Steel Co Ltd that had persistently underperformed.

Published 25 Nov, 2005 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 65.85 (previous 65.84-65.87). Call Money Rates: 5.75-13.50 percent (previous 5.70-13.00 percent).

Published 25 Nov, 2005 12:00am

Swiss franc steady

The Swiss franc was largely unchanged against the dollar and the euro on Thursday with trading set to be subdued given a US market holiday but key data eyed for Switzerland in the coming session, dealers said.

Published 25 Nov, 2005 12:00am

Chinese yuan marks new high

China's yuan ended at a post-revaluation record high for the second straight day on Thursday, although the central bank intervened to prevent steeper gains. The currency finished at 8.0805 to the dollar on Thursday, compared with Wednesday's close of 8.08

Published 25 Nov, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 19	278.08
USD PKR Interbank Buying / Sep 19	277.78
USD to Japanese Yen / Sep 19	142.08
USD to Swiss Franc / Sep 19	0.85
Pound Sterling to USD / Sep 19	1.33
Euro to USD / Sep 19	1.12

Stock	Volume
S&P 500 / Sep 19	5,713.64
India Sensex / Sep 19	82,948.23
Tokyo Nikkei / Sep 19	37,935.58
Nasdaq / Sep 19	18,013.98
Hang Seng / Sep 19	18,316.86
FTSE 100 / Sep 19	8,328.72
Dow Jones / Sep 19	42,025.19
Germany DAX 30 / Sep 19	19,002.38

Item	Value
Crude Oil USD/Barrel / Sep 19	72.01
Karachi Cotton PKR/37.32 KG / Sep 19	18,935
Gold 10 Grams PKR / Sep 19	230,195
Gold Spot USD/Ounce / Sep 19	2,592.50
Cotton US¢/pound / Sep 19	73.05
Petrol/Litre / Sep 20	249.10

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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