News Archives for Print - 2006-03-16

Print - 2006-03-16

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Mar, 2006 12:00am

FOB Gulf SRW wheat lower, corn higher, soya steady

US FOB Gulf soft red winter wheat basis offers fell on Tuesday with export demand still weak despite lower futures prices, while corn was higher and soyabeans were steady, traders said.

Published 16 Mar, 2006 12:00am

Share values remain directionless on LSE

Share values depicted an erratic movement and remained directionless on Lahore Stock Exchange (LSE) amid buying interest in cement stocks, while selling pressure hit the oil and gas sector.

Published 16 Mar, 2006 12:00am

Japan buys 17,440 tonnes wheat at SBS tender

Japan's Agriculture Ministry said on Wednesday it had bought 17,440 tonnes of feed wheat and 218,962 tonnes of feed barley at an import tender under the simultaneous buy and sell (SBS) system. Shipment is set from March to May, a ministry official said.

Published 16 Mar, 2006 12:00am

Share values remain directionless on LSE

Share values depicted an erratic movement and remained directionless on Lahore Stock Exchange (LSE) amid buying interest in cement stocks, while selling pressure hit the oil and gas sector.

Published 16 Mar, 2006 12:00am

Tunisia expects another bumper cereals crop

Tunisia is predicting a good cereals harvest in 2006 for the fourth successive year, so avoiding the need to import hard wheat while maintaining its purchases of soft wheat, a senior Agriculture Ministry official said.

Published 16 Mar, 2006 12:00am

Abbas condemns Israel raid as unforgivable crime

Palestinian President Mahmoud Abbas on Wednesday condemned Israel's raid on a West Bank prison and seizure of a militant leader as a crime that would not be forgiven.

Published 16 Mar, 2006 12:00am

US Midwest bids for corn and soya rise on low supplies

Spot basis bids for corn and soyabeans rose around the US Midwest Wednesday as processors and elevators piggybacked on a futures market rally to try to entice farmers to sell some grain, dealers said.

Published 16 Mar, 2006 12:00am

ISE index down by 11.15 points

Losers outnumbered gainers on the Islamabad Stock Exchange (ISE) where mixed trend was observed in hot favourite amid increase in index. ISE Ten index was down by 11.15 points, as the ten index moved from 2,977.53 to 2,966.38 points.

Published 16 Mar, 2006 12:00am

HRW wheat bids steady, movement quiet

Spot basis bids for hard red winter wheat held steady in the US Plains on Wednesday, supported by a lack of country offerings in the wake of this week's breakdown in wheat futures, dealers said.

Published 16 Mar, 2006 12:00am

ISE index down by 11.15 points

Published 16 Mar, 2006 12:00am

Big nickel mine set to open in Philippines

The Philippines' Berong nickel mine, whose inferred resource is said to be the world's third or fourth biggest undeveloped laterite resource, will start commercial production later this year, its owner said.

Published 16 Mar, 2006 12:00am

BRIndex30 down 25.11 points

Stock bulls push BRIndex30 to register a high of 11,628.66 points but could not sustain it. The index came down to register a low of 11,333.85 before closing at 11,408.11 with a net decline of-25.11 or-0.22 percent.

Published 16 Mar, 2006 12:00am

Indian iron ore output to jump six times by 2030

India's iron ore production is expected to jump six times by 2030 as a slew of new steel projects take shape to feed Asia's third biggest economy, a top state-run mining firm said on Wednesday.

Published 16 Mar, 2006 12:00am

BRIndex30 down 25.11 points

Published 16 Mar, 2006 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 103,001 tonnes of cargo including 66,048 tonnes import and 36,953 tonnes export cargo including 3,476 containers during last 24 hours ending at 0700 hours on Wednesday.

Published 16 Mar, 2006 12:00am

Polish parliament moves against central bank on UniCredito

Poland's parliament decided on Wednesday to initiate a probe into the banking sector as part of the conservative government's assault on the central bank over a disputed bank merger.

Published 16 Mar, 2006 12:00am

Singapore bunker fuel prices up

Singapore bunker prices inched up on Wednesday despite stable fuel oil cargo values, widening differentials further as congestion at storage terminals, which has limited supplies, intensifies, traders said.

Published 16 Mar, 2006 12:00am

Mittal has majority support for Arcelor bid

Steel magnate Lakshmi Mittal said on Wednesday he has support from a majority of investors in Arcelor for his company's planned 19.25 billion euro ($23.14 billion) share-and-cash bid for the steel maker.

Published 16 Mar, 2006 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 Mar, 2006 12:00am

Lehman Brothers quarterly profit up

Lehman Brothers Holdings Inc reported record quarterly profit and revenue on Wednesday amid surprisingly strong trading results and robust investment banking activity.

Published 16 Mar, 2006 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Lehman Brothers quarterly profit up

Lehman Brothers Holdings Inc reported record quarterly profit and revenue on Wednesday amid surprisingly strong trading results and robust investment banking activity.

Published 16 Mar, 2006 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 16 Mar, 2006 12:00am

Japan says may take steps if China gas row escalates

Japan may take retaliatory measures if China goes ahead with full-fledged production at gas fields in disputed areas of the East China Sea, Foreign Minister Taro Aso said on Wednesday.

Published 16 Mar, 2006 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 16 Mar, 2006 12:00am

KKR leads $12.5-13 billion GMAC bid

A group of investors led by private equity firm Kohlberg Kravis Roberts & Co has submitted a non-binding bid of $12.5 billion to $13 billion for General Motors Corp's financing arm, the Wall Street Journal reported on Wednesday.

Published 16 Mar, 2006 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Shaukat to inaugurate Islamabad Dry Port today

Prime Minister Shaukat Aziz will inaugurate the much delayed Islamabad Dry Port at Margalla Railway Station, I/9 on Thursday afternoon.

Published 16 Mar, 2006 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 (March 15, 2006).

Published 16 Mar, 2006 12:00am

Spanish Volkswagen workers strike over cost cuts

Workers at a Volkswagen plant in northern Spain plan to start a series of strikes on Wednesday to protest against cost cuts and moves to make the factory more flexible, the UGT union said.

Published 16 Mar, 2006 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 (March 15, 2006).

Published 16 Mar, 2006 12:00am

Two Jaish men killed in Indian occupied Kashmir

Indian soldiers on Wednesday shot dead two suspected Mujahideen in occupied Kashmir whose bodies were later carried shoulder-high by supporters shouting anti-India slogans, police said.

Published 16 Mar, 2006 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Pakistan resumes rice export to Iran and Iraq

Pakistani rice exporters have signed contracts for the sale of 40,000 tonnes of superior quality rice to Iran, resuming bilateral rice trade after a gap of seven years, a senior industry official said on Wednesday.

Published 16 Mar, 2006 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Pakistan resumes rice export to Iran and Iraq

Published 16 Mar, 2006 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 (March 15, 2006).

Published 16 Mar, 2006 12:00am

Pakistan resumes rice export to Iran and Iraq

Published 16 Mar, 2006 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 (March 15, 2006).

Published 16 Mar, 2006 12:00am

Canal closures create water crisis in southern Punjab

Irrigation authorities have deprived a major part of southern Punjab of water by closing three canals in Muzaffargarh, Dera Ghazi Khan and Rajanpur districts of the Punjab province due to the Taunsa Barrage Emergency Rehabilitation and Modernisation Proje

Published 16 Mar, 2006 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 (March 15, 2006).

Published 16 Mar, 2006 12:00am

Sony's PlayStation 3 to be delayed

Sony Corp said on Wednesday it would delay the release of its new PlayStation 3 video game console until early November because development of some of the technology was behind schedule.

Published 16 Mar, 2006 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

February CPI down to 8.05 percent

February consumer price index (CPI) trickled down into 8.05 percent from January's 8.75 percent. Before the release the markets were expecting a higher inflation number but the headline numbers read below their expectations. Besides, Pakistan's trade defi

Published 16 Mar, 2006 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

February CPI down to 8.05 percent

Published 16 Mar, 2006 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

February CPI down to 8.05 percent

February consumer price index (CPI) trickled down into 8.05 percent from January''s 8.75 percent. Before the release the markets were expecting a higher inflation number but the headline numbers read below their expectations. Besides, Pakistan''s trade de

Published 16 Mar, 2006 12:00am

Currency values in term of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 16 Mar, 2006 12:00am

Islamabad for joint counter terror operations with Kabul

Pakistan wants joint counter terrorism operations with Afghanistan to be conducted with full adherence to the international law, including respect for sovereignty, territorial integrity and non-interference, the UN Security Council was told on Tuesday.

Published 16 Mar, 2006 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Yemeni President due in April

The visit of President of Yemen Ali Abdullah Saleh to Pakistan on April 10 will not only strengthen bilateral relations but also begin a new era of friendship between the two countries.

Published 16 Mar, 2006 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Pak-Qatar cooperation in various fields discussed

The Federal Minister for Interior Aftab Ahmad Khan Sherpao on Wednesday said Pakistan was marching ahead on the path of progress and the successful policies of the government had led to visible decline in poverty.

Published 16 Mar, 2006 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Indian claim rejected

Pakistan Foreign Office Spokesperson responding to a question, rejected the statement made by the spokesperson of the Ministry of External Affairs, Government of India on 10 March 2006, claiming that Gilgit-Baltistan "is an integral part of India".

Published 16 Mar, 2006 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

TCP clarification

In response to Business Recorder weekly analysis (March 13), the Trading Corporation of Pakistan has issued a clarification that it has not yet taken final decision on the issue of ginners' appeals against lint cotton evaluation, and said that BR a

Published 16 Mar, 2006 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

TCP clarification

Published 16 Mar, 2006 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

TCP clarification

In response to Business Recorder weekly analysis (March 13), the Trading Corporation of Pakistan has issued a clarification that it has not yet taken final decision on the issue of ginners'' appeals against lint cotton evaluation, and said that BR

Published 16 Mar, 2006 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Dozens held, Madressah blown up in crackdown

The authorities have arrested at least 30 people, blown up a religious school and banned sale of weapons as part of an effort to suppress subversive activities in North Waziristan tribal agency.

Published 16 Mar, 2006 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Dozens held, Madressah blown up in crackdown

The authorities have arrested at least 30 people, blown up a religious school and banned sale of weapons as part of an effort to suppress subversive activities in North Waziristan tribal agency.

Published 16 Mar, 2006 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Two auto parts clusters in Karachi and Lahore soon

The Engineering Development Board (EDB) vice chairman and CEO Imtiaz Rastagar has said that two clusters of auto parts, one exclusively for motorcycles, would be established in Karachi and Lahore shortly.

Published 16 Mar, 2006 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Two auto parts clusters in Karachi and Lahore soon

Published 16 Mar, 2006 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Two auto parts clusters in Karachi and Lahore soon

Published 16 Mar, 2006 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

World Bank team reviews competition laws with MCA

The World Bank 'Policy Mission', led by Eric Mane, Sr Private Sector Development Specialist, discussed the Federal and Provincial Competition Laws with Monopoly Control Authority Chairman Syed Bilal and members here on Wednesday.

Published 16 Mar, 2006 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

World Bank team reviews competition laws with MCA

Published 16 Mar, 2006 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

World Bank team reviews competition laws with MCA

The World Bank ''Policy Mission'', led by Eric Mane, Sr Private Sector Development Specialist, discussed the Federal and Provincial Competition Laws with Monopoly Control Authority Chairman Syed Bilal and members here on Wednesday.

Published 16 Mar, 2006 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

No change in POL prices: OCAC

There has been no change in the POL prices for the next fortnight. This was announced in a statement of Oil Companies Advisory Committee (OCAC) issued here on Wednesday.

Published 16 Mar, 2006 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

No change in POL prices: OCAC

There has been no change in the POL prices for the next fortnight. This was announced in a statement of Oil Companies Advisory Committee (OCAC) issued here on Wednesday.

Published 16 Mar, 2006 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

No change in POL prices: OCAC

There has been no change in the POL prices for the next fortnight. This was announced in a statement of Oil Companies Advisory Committee (OCAC) issued here on Wednesday.

Published 16 Mar, 2006 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am

Police rough up newsmen

The police on Wednesday resorted to baton-charge when some newsmen from Islamabad reached Diamer-Bhasha dam site on Wednesday. Area people opposing the construction of the dam had invited the newsmen. Police action led to the breaking of Aaj TV camera.

Published 16 Mar, 2006 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 8	280.80
USD PKR Interbank Buying / Apr 8	280.55
USD to Japanese Yen / Apr 8	147.06
USD to Swiss Franc / Apr 8	0.85
Pound Sterling to USD / Apr 8	1.28
Euro to USD / Apr 8	1.10
UK LIBOR % / Apr 7	4.96

Stock	Volume
S&P 500 / Apr 7	5,062.25
Nasdaq / Apr 7	15,603.26
Dow Jones / Apr 7	37,965.60
India Sensex / Apr 8	74,620.92
Tokyo Nikkei / Apr 8	33,012.58
Hang Seng / Apr 8	20,148.82
FTSE 100 / Apr 8	7,842.81
Germany DAX 30 / Apr 8	20,014.81
France CAC40 / Apr 8	6,998.74

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 7	17,085
Gold 10 Grams PKR / Apr 7	281,297.70
Petrol/Litre / Apr 8	254.63
Crude Oil USD/Barrel / Apr 8	61.41
Gold Spot USD/Ounce / Apr 8	3,012.10
Diesel/Litre / Apr 8	258.64
Cotton US¢/pound / Apr 8	65.08

Gainers
Losers
Leaders

Stock	Price
Orient Rental / Apr 8 Orient Rental Mod(ORM)	8.89 ▲ 0.88 (10.99%)
Mandviwala / Apr 8 Mandviwala Mauser Plastic Industries(MWMP)	17.55 ▲ 1.6 (10.03%)
Shakarganj / Apr 8 Shakarganj Limited(SML)	38.70 ▲ 3.52 (10.01%)
Bunnys Limited / Apr 8 Bunnys Limited(BNL)	20.78 ▲ 1.89 (10.01%)
Leiner Pak Gelat / Apr 8 Leiner Pak Gelatine Limited(LPGL)	116.27 ▲ 10.57 (10%)
ZIL Limited / Apr 8 ZIL Limited(ZIL)	222.20 ▲ 20.2 (10%)
S.S.Oil / Apr 8 S.S.Oil Mills Limited(SSOM)	150.24 ▲ 13.66 (10%)
Biafo Ind. / Apr 8 Biafo Industries Limited(BIFO)	179.05 ▲ 16.28 (10%)
Philip Morris Pak. / Apr 8 Philip Morris (Pakistan) Limited(PMPK)	1,188.20 ▲ 108.02 (10%)
PIA Holding Co.B / Apr 8 PIA Holding Company Limited B(PIAHCLB)	1,063.81 ▲ 96.71 (10%)

Stock	Price
Oilboy Energy(R) / Apr 8 Oilboy Energy Limited(R)(OBOYR2)	2.77 ▼ -0.46 (-14.24%)
NBP PGETF / Apr 8 NBP Pakistan Growth Exchange Traded Fund(NBPGETF)	23.28 ▼ -2.9 (-11.08%)
Idrees Tex. / Apr 8 Idrees Textile Mills Limited(IDRT)	19.36 ▼ -2.15 (-10%)
Blue-Ex Ltd / Apr 8 Blue-Ex Limited (GEM)(GEMBLUEX)	54.27 ▼ -6.03 (-10%)
Diamond Ind. / Apr 8 Diamond Industries Limited(DIIL)	32.89 ▼ -3.65 (-9.99%)
I.C.C. Ind. / Apr 8 ICC Industries Limited(ICCI)	11.29 ▼ -1.25 (-9.97%)
Sindh Abadgar / Apr 8 Sindh Abadgar's Sugar Mills Limited(SASML)	52.70 ▼ -5.63 (-9.65%)
Al-Khair Gadoon / Apr 8 Al-Khair Gadoon Limited(AKGL)	41 ▼ -4.1 (-9.09%)
National Silk / Apr 8 The National Silk & Rayon Mills Limited(NSRM)	34 ▼ -3.31 (-8.87%)
Elahi Cot. / Apr 8 Elahi Cotton Mills Limited(ELCM)	118.10 ▼ -10.39 (-8.09%)

Stock	Volume
Cnergyico PK / Apr 8 Cnergyico PK Limited(CNERGY)	120,786,326 ▲ 0.57
WorldCall Telecom / Apr 8 Worldcall Telecom Limited(WTL)	55,274,278 ▲ 0.03
B.O.Punjab / Apr 8 The Bank of Punjab(BOP)	34,156,511 ▲ 0.19
Pak Elektron / Apr 8 Pak Elektron Limited(PAEL)	33,484,190 ▼ -0.12
Maple Leaf Cement / Apr 8 Maple Leaf Cement Factory Limited(MLCF)	33,262,071 ▲ 1.37
Bank Al-Falah / Apr 8 Bank Alfalah Limited(BAFL)	32,588,256 ▲ 1.77
Pak Int.Bulk / Apr 8 Pakistan International Bulk Terminal(PIBTL)	28,028,542 ▲ 0.29
K-Electric Ltd. / Apr 8 K-Electric Limited(KEL)	23,938,102 ▲ 0.11
Sui South Gas / Apr 8 Sui Southern Gas Company Limited(SSGC)	19,784,658 ▲ 0.36
Fauji Cement / Apr 8 Fauji Cement Company Limited(FCCL)	16,903,951 ▲ 1.59

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