News Archives for Print - 2007-06-28

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am

ECC may approve six percent R&D for leather garments

The Economic Coordination Committee (ECC) of the cabinet is scheduled to meet on Thursday (today) and is likely to approve 6 percent Research and Development (R&D) support for leather garments and raise the support to textile garments sector from 3 percen

Published 28 Jun, 2007 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am

ECC may approve six percent R&D for leather garments

The Economic Coordination Committee (ECC) of the cabinet is scheduled to meet on Thursday (today) and is likely to approve 6 percent Research and Development (R&D) support for leather garments and raise the support to textile garments sector from 3 percen

Published 28 Jun, 2007 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 (June 27, 2007).

Published 28 Jun, 2007 12:00am

ECC may approve six percent R&D for leather garments

The Economic Coordination Committee (ECC) of the cabinet is scheduled to meet on Thursday (today) and is likely to approve 6 percent Research and Development (R&D) support for leather garments and raise the support to textile garments sector from 3 percen

Published 28 Jun, 2007 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 (June 27, 2007).

Published 28 Jun, 2007 12:00am

Hurdle in clearance of cargoes: HS-Code 2007 changes not incorporated in DTRE scheme

The Central Board of Revenue (CBR) has not incorporated necessary changes in the Duty and Tax Remission for Export (DTRE) scheme on adoption of HS-Code 2007, creating hurdles in smooth clearance of consignments under the Pakistan Customs Computerised Syst

Published 28 Jun, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am

Hurdle in clearance of cargoes: HS-Code 2007 changes not incorporated in DTRE scheme

The Central Board of Revenue (CBR) has not incorporated necessary changes in the Duty and Tax Remission for Export (DTRE) scheme on adoption of HS-Code 2007, creating hurdles in smooth clearance of consignments under the Pakistan Customs Computerised Syst

Published 28 Jun, 2007 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 28 Jun, 2007 12:00am

Hurdle in clearance of cargoes: HS-Code 2007 changes not incorporated in DTRE scheme

The Central Board of Revenue (CBR) has not incorporated necessary changes in the Duty and Tax Remission for Export (DTRE) scheme on adoption of HS-Code 2007, creating hurdles in smooth clearance of consignments under the Pakistan Customs Computerised Syst

Published 28 Jun, 2007 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 28 Jun, 2007 12:00am

Enhanced penalties aimed at better regulation: SECP

Chairman Securities and Exchange Commission of Pakistan (SECP) Raziur Rehman Khan has said that penalties have been substantially enhanced through Finance Bill 2007-2008 to improve governance in the corporate sector ensuring compliance by the registered c

Published 28 Jun, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am

Enhanced penalties aimed at better regulation: SECP

Chairman Securities and Exchange Commission of Pakistan (SECP) Raziur Rehman Khan has said that penalties have been substantially enhanced through Finance Bill 2007-2008 to improve governance in the corporate sector ensuring compliance by the registered c

Published 28 Jun, 2007 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 Jun, 2007 12:00am

Enhanced penalties aimed at better regulation: SECP

Chairman Securities and Exchange Commission of Pakistan (SECP) Raziur Rehman Khan has said that penalties have been substantially enhanced through Finance Bill 2007-2008 to improve governance in the corporate sector ensuring compliance by the registered c

Published 28 Jun, 2007 12:00am

Gulf corn rises

US FOB Gulf corn basis offers rose sharply on Tuesday on purchases by South Korea and price inquiries from Japan, traders said. Soyabean basis offers were steady to lower in a market seeing little export demand due to cheaper prices in South America.

Published 28 Jun, 2007 12:00am

Rs 200 million sanctioned for rain victims

The relief goods including blankets, tents, food items and medicines were flown to Quetta late evening by a C-130 aircraft for further disbursement to respective areas of Balochistan.

Published 28 Jun, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 110,090 tonnes cargo including 75,711 tonnes import, 34,379 tonnes export cargo and 3,989 containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday.

Published 28 Jun, 2007 12:00am

Rs 200 million sanctioned for rain victims

The relief goods including blankets, tents, food items and medicines were flown to Quetta late evening by a C-130 aircraft for further disbursement to respective areas of Balochistan.

Published 28 Jun, 2007 12:00am

HRW wheat steady

US Plains hard red winter wheat basis bids were mostly steady on Wednesday with rain delays continuing to frustrate farmers in many areas of the Plains, wheat merchants said. Yields and quality reports continued to be variable.

Published 28 Jun, 2007 12:00am

Cyclone renders 250,000 people homeless

The rescuers struggled on Wednesday to reach 250,000 people left homeless, and in some cases clinging to rooftops and trees, by a cyclone that lashed the coast and killed 21 people. Cyclone Yemyin roared in from the Arabian Sea on Tuesday, days after thun

Published 28 Jun, 2007 12:00am

US Midwest corn up, soya and wheat unchanged

Spot basis bids for corn rose at processors and grain elevators around the US Midwest on Tuesday due to slow farmer selling in recent weeks, grain dealers said. Cash bids for soyabeans and wheat were mostly unchanged.

Published 28 Jun, 2007 12:00am

Cyclone renders 250,000 people homeless

The rescuers struggled on Wednesday to reach 250,000 people left homeless, and in some cases clinging to rooftops and trees, by a cyclone that lashed the coast and killed 21 people. Cyclone Yemyin roared in from the Arabian Sea on Tuesday, days after thun

Published 28 Jun, 2007 12:00am

Indian sugar futures up

Indian sugar futures rose more than one percent on Wednesday, a day after the government extended by six months a non-cash incentive to help mills boost exports, analysts said. At 0940 GMT (3.10 pm local time), the July contract on the National Commodity

Published 28 Jun, 2007 12:00am

Emergency declared to cope up with flood threat

Punjab irrigation department has declared emergency and taken precautionary steps such as closing of some canals to cope up with the possible flood like situation in the watercourses during the current heavy rains in the province, it was learnt on Wednesd

Published 28 Jun, 2007 12:00am

Indian soyaoil futures up

Indian soyaoil futures rose by more than 0.6 percent on Wednesday due to short covering, analysts said. They had closed down in the last five sessions. However, weak crude palm oil futures on the Malaysian market may limit gains, the analysts added.

Published 28 Jun, 2007 12:00am

Cement price goes down

The cement price went down to Rs 210 per bag after a reduction of Rs 20 to Rs 25 during the last few days. According to private TV channel the cement exports to Afghanistan has considerably dwindled during the last two weeks, due to the lack of transport.

Published 28 Jun, 2007 12:00am

Indonesian palm oil prices fall

Indonesian palm oil prices eased on Tuesday in line with weakening Malaysian crude palm oil futures as buyers retreated to the sidelines to see if the fall would continue. The state marketing centre in Jakarta, which sells palm oil from state plantations,

Published 28 Jun, 2007 12:00am

Cement price goes down

The cement price went down to Rs 210 per bag after a reduction of Rs 20 to Rs 25 during the last few days. According to private TV channel the cement exports to Afghanistan has considerably dwindled during the last two weeks, due to the lack of transport.

Published 28 Jun, 2007 12:00am

WCE canola futures mainly higher

Winnipeg Commodity Exchange canola futures were mainly higher on Tuesday following stronger US markets despite a Statistics Canada report that pegged canola area above expectations, traders said. Canola settled $1 per tonne higher to 50 cents lower, with

Published 28 Jun, 2007 12:00am

Cement price goes down

The cement price went down to Rs 210 per bag after a reduction of Rs 20 to Rs 25 during the last few days. According to private TV channel the cement exports to Afghanistan has considerably dwindled during the last two weeks, due to the lack of transport.

Published 28 Jun, 2007 12:00am

Kenyan tea prices firm

Kenyan tea prices firmed at this week's sale and market players expected prices to improve over the next three months as auction volumes drop. The Mombasa-based Africa Tea Brokers said there was good demand for the 130,030 packages offered at the main sal

Published 28 Jun, 2007 12:00am

Extra gas allocation to SNGPL and SSGCL recommended

The Ministry of Petroleum and Natural Resources has recommended allocation of additional 125 mmcfd gas from Manzalai (NWFP) to SNGPL and 8 mmcfd from Bobi field to SSGCL, respectively, official sources told Business Recorder.

Published 28 Jun, 2007 12:00am

KCBT wheat futures rise sharply

Hard red winter wheat futures on the Kansas City Board of Trade ended sharply higher on Tuesday, buoyed by reminders of short world wheat supplies, a drop in US wheat condition ratings, India's tender to import 1 million tonnes of wheat, and strength in s

Published 28 Jun, 2007 12:00am

Extra gas allocation to SNGPL and SSGCL recommended

The Ministry of Petroleum and Natural Resources has recommended allocation of additional 125 mmcfd gas from Manzalai (NWFP) to SNGPL and 8 mmcfd from Bobi field to SSGCL, respectively, official sources told Business Recorder.

Published 28 Jun, 2007 12:00am

CBoT wheat futures up

Soft red winter wheat futures at the Chicago Board of Trade soared 3 percent on Tuesday on a big drop in Canadian wheat plantings and on declining US spring and winter wheat ratings, traders said.

Published 28 Jun, 2007 12:00am

Extra gas allocation to SNGPL and SSGCL recommended

The Ministry of Petroleum and Natural Resources has recommended allocation of additional 125 mmcfd gas from Manzalai (NWFP) to SNGPL and 8 mmcfd from Bobi field to SSGCL, respectively, official sources told Business Recorder.

Published 28 Jun, 2007 12:00am

Oil cake market rates

The July vaida was unchanged while the December vaida was lower on the forward cottonseed oilcake market on Wednesday as buyers showed less interest in the new deals, brokers said. The July vaida was unchanged at Rs 650.00 and closing was seen at the same

Published 28 Jun, 2007 12:00am

Supreme Court doesn't allow government plea seeking adjournment

The Pakistan Bar Council (PBC) and the Supreme Court Bar Association (SCBA) have cancelled the tea party in honour of Chief Justice Iftikhar Mohammad Chaudhry in the Supreme Court Bar Room on Thursday (today) so that proceedings of the Full Supreme Court

Published 28 Jun, 2007 12:00am

Steady trend seen on cotton market

Not a single deal was reported on Wednesday as the continuous rains and heavy floods played havoc in some parts of the country, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2600, they added.

Published 28 Jun, 2007 12:00am

Supreme Court doesn't allow government plea seeking adjournment

The Pakistan Bar Council (PBC) and the Supreme Court Bar Association (SCBA) have cancelled the tea party in honour of Chief Justice Iftikhar Mohammad Chaudhry in the Supreme Court Bar Room on Thursday (today) so that proceedings of the Full Supreme Court

Published 28 Jun, 2007 12:00am

Subdued trading on grain market

Little business was seen on the grain market on Wednesday as most of the buyers were on the sidelines being least interested in the fresh deals, dealers said.

Published 28 Jun, 2007 12:00am

Pakistan willing to extend ''commercial guarantee'': IPI talks in Delhi today

Pakistan has shown its willingness to offer commercial guarantee as an alternative to sovereign one in Iran-Pakistan-India (IPI) working group meeting, scheduled for June 28-29 in New Delhi.

Published 28 Jun, 2007 12:00am

MGE wheat soars on Canada acreage

Spring wheat futures on the Minneapolis Grain Exchange settled sharply higher on Tuesday, reaching new 11-year highs on a big drop in Canadian wheat plantings, traders said. Declining US spring wheat ratings added support.

Published 28 Jun, 2007 12:00am

Pakistan willing to extend 'commercial guarantee': IPI talks in Delhi today

Pakistan has shown its willingness to offer commercial guarantee as an alternative to sovereign one in Iran-Pakistan-India (IPI) working group meeting, scheduled for June 28-29 in New Delhi.

Published 28 Jun, 2007 12:00am

Coffee prices mostly up in New York

The US arabica coffee closed mostly higher with modest gains on Tuesday, consolidating in light trade after falling to a five-week low Monday, traders said. Some participants sat on the sidelines ahead of the government price-support auction for 4 million

Published 28 Jun, 2007 12:00am

Pakistan willing to extend 'commercial guarantee': IPI talks in Delhi today

Pakistan has shown its willingness to offer commercial guarantee as an alternative to sovereign one in Iran-Pakistan-India (IPI) working group meeting, scheduled for June 28-29 in New Delhi.

Published 28 Jun, 2007 12:00am

New York cocoa jumps to 4-1/4 year peak

US cocoa futures surged ahead to a 4-1/4 year high as speculative buying and a lack of selling interest triggered buy-stops, dealers said. "We just saw some fund and spec buying here today," one trader said. "It's mainly technicals right now, no real news

Published 28 Jun, 2007 12:00am

US copper down

US copper futures lost 2.4 percent of their value by the close on Tuesday, as sentiment took a hit amid a broader sell-off in the metals complex, analysts said. "Silver had a sharp decline in a technical breakdown and gold hit multi-month lows, so that se

Published 28 Jun, 2007 12:00am

US silver falls

US silver futures tumbled to their lowest levels in six months in early trade on Tuesday, with chart-based selling and options expiration keeping the precious metal on the defensive, floor dealers said.

Published 28 Jun, 2007 12:00am

Gold hits three-month low

Gold on Wednesday hit its lowest level in more than three months and silver touched its lowest in more than five months as risk-averse investors hurried to unwind yen carry trades, while a stronger yen pressured Tokyo precious metals futures.

Published 28 Jun, 2007 12:00am

CBOT rice bounces back to end slightly lower

Rough rice futures at the Chicago Board of Trade ended slightly lower Tuesday, recovering from an early sell-off when prices fell roughly 35 cents per hundredweight, traders said.

Published 28 Jun, 2007 12:00am

Oil steady around $70

Oil steadied near $70 a barrel on Wednesday, as US crude inventories were forecast to balloon to a fresh nine-year high and gasoline stockpiles were seen rising as refiners boosted output. London Brent crude, currently seen as the best benchmark for globa

Published 28 Jun, 2007 12:00am

Shanghai copper down

Shanghai copper tumbled by its four percent daily limit on Wednesday, following losses in London in the wake of weak US economic data and downbeat chart readings. The most-active September copper contract on the Shanghai Futures Exchange dropped by 2,520

Published 28 Jun, 2007 12:00am

Vietnam rice trade slows

Rice sales in Vietnam slowed in the past week on thinning supply and a shortage of ships for new export cargoes, traders said on Wednesday. "The stock available for export is very limited right now and most of the supply in the warehouses has already been

Published 28 Jun, 2007 12:00am

New York sugar jumps

Raw sugar futures closed sharply higher on Tuesday on continued July/September switching ahead of the front month's Friday expiration and on speculative buying, brokers said.

Published 28 Jun, 2007 12:00am

Soybeans rise

Soybean futures at the Chicago Board of Trade rose on Tuesday on spill-over strength from the wheat rally, traders said. Worries about a high pressure ridge moving into the US Midwest next week, creating drier crop growing conditions gave the market an ea

Published 28 Jun, 2007 12:00am

Malaysian tin ends flat

Malaysian tin ended unchanged on Wednesday due to a technical correction over London Metal Exchange (LME) prices, one dealer said.

Published 28 Jun, 2007 12:00am

Tokyo rubber hits three-month low

Tokyo rubber futures slumped to a three-month low on Wednesday, dragged down by falling energy prices, and nervous about a move by US transportation officials to recall Chinese-made light truck tyres.

Published 28 Jun, 2007 12:00am

Malaysian palm oil tumbles

Malaysian crude palm oil futures fell 0.6 percent on Wednesday, extending losses since last week as lower prices of rival soyoil and expectations of swelling reserves due to weak demand weighed on the market.

Published 28 Jun, 2007 12:00am

Murdoch has no plans to raise Dow Jones bid

Rupert Murdoch said he had no plans to raise his $5 billion bid for media group Dow Jones & Co Inc and expected final approval from the controlling Bancroft family within two to three weeks, "if at all."

Published 28 Jun, 2007 12:00am

Paulson urges overhaul of US capital markets regulation

Treasury Secretary Henry Paulson called on Wednesday for an overhaul of US capital markets regulation, saying reforms are needed to maintain American leadership.

Published 28 Jun, 2007 12:00am

Paulson urges overhaul of US capital markets regulation

Treasury Secretary Henry Paulson called on Wednesday for an overhaul of US capital markets regulation, saying reforms are needed to maintain American leadership.

Published 28 Jun, 2007 12:00am

Japan's retail sales unexpectedly rise

Japanese retail sales unexpectedly rose in May from a year earlier, signalling a slight recovery in personal consumption and keeping intact market expectations that the Bank of Japan will raise rates as early as August.

Published 28 Jun, 2007 12:00am

Global mobile phone use to hit record 3.25 billion

Global mobile phone use will top 3.25 billion - equivalent to around half the world's population - in 2007 as cell phone demand booms in China, India and Africa, a survey said on Wednesday.

Published 28 Jun, 2007 12:00am

US accuses EU of violating aviation pact

The United States accused the European Union on Wednesday of violating a newly signed "open skies" aviation agreement by proposing to include international airlines in the EU emissions trading scheme from 2012.

Published 28 Jun, 2007 12:00am

EU Commission blocks Ryanair's bid for Aer Lingus

The European Commission on Wednesday blocked an attempt by Ryanair to acquire rival Irish carrier Aer Lingus, marking only the second merger prohibition by the EU executive in four years.

Published 28 Jun, 2007 12:00am

India needs to 'do more' in WTO talks: US

India, Brazil and other large developing countries "need to step up" in world trade talks and make the market-opening concessions needed to reach a deal, a top US official said on Wednesday.

Published 28 Jun, 2007 12:00am

OECD tells France to reform labour market, pensions

France needs to keep on reforming its labour market and pensions and healthcare systems to lift growth and ensure the long-term sustainability of its public finances, the OECD said on Wednesday. The Paris-based think tank said French growth had lost its e

Published 28 Jun, 2007 12:00am

Mugabe threatens to seize firms over 'dirty tricks'

Zimbabwe President Robert Mugabe on Wednesday threatened to seize foreign companies, including mines, that have raised prices and cut output in an economic "dirty tricks" campaign to oust his government. Mugabe, 83, in power since independence in 1980, ac

Published 28 Jun, 2007 12:00am

US durable goods orders fall, stir growth fears

New orders for long-lasting US-made manufactured goods tumbled a larger-than-expected 2.8 percent in May, raising doubts about the strength of the factory sector and business expansion plans.

Published 28 Jun, 2007 12:00am

Aeroflot pull-out threatens Alitalia sale

Russian airline Aeroflot pulled out of the bidding for Alitalia on Wednesday, leaving Rome's auction of the unprofitable airline in danger of collapse with just two players left.

Published 28 Jun, 2007 12:00am

Bangladesh forex reserves hit record $5 billion

Bangladesh's foreign exchange reserves hit an all-time high of $5 billion on Wednesday, thanks to robust growth in money sent home by expatriate Bangladeshis and exports, a central bank official said.

Published 28 Jun, 2007 12:00am

China considers additional rules to curb exports

China is considering introducing additional taxation policies to curb exports and encourage imports, Finance Minister Jin Renqing said on Wednesday.

Published 28 Jun, 2007 12:00am

Profits slide at India's Jet Airways

Jet Airways, India's biggest domestic airline, said Tuesday its full-year profit had fallen sharply because of higher costs and slower growth in air traffic. The airline's net profit for the financial year to March 31 fell almost 95 percent to 279.4 milli

Published 28 Jun, 2007 12:00am

Brazil sets 2009 inflation target of 4.5 percent

Brazil's government set an inflation target of 4.5 percent for 2009 on Tuesday, unchanged from previous years, heeding calls from President Luiz Inacio Lula da Silva to keep inflation under control but also stoke faster economic growth.

Published 28 Jun, 2007 12:00am

Abbott and Genentech to co-develop two cancer drugs

Abbott Laboratories Inc and Genentech Inc will collaborate to develop and eventually sell two Abbott cancer drugs now in early stages of human testing, the companies said on Tuesday.

Published 28 Jun, 2007 12:00am

China lures foreign-flag Chinese ships back home

China will offer a tax holiday to entice Chinese-owned, foreign-flagged ships to switch to carrying the Chinese flag, as a rising number of such ships in Chinese waters complicates rescue and maritime procedures.

Published 28 Jun, 2007 12:00am

Chile jobless rate eases, industrial growth weakens

Chile's jobless rate unexpectedly fell in the March-May period while May industrial production slowed more than forecast, sending mixed signals on the state of the economy, official figures showed on Wednesday.

Published 28 Jun, 2007 12:00am

Singapore factory output beats expectations

Singapore's factory output rose a seasonally adjusted 4.0 percent in May, confounding market expectations for a fall, as oil rig sales and drugs production surged, data showed on Tuesday.

Published 28 Jun, 2007 12:00am

German tyre maker optimistic on outlook

Continental, the German maker of tyres and car parts, expressed optimism Wednesday for its business outlook in the next few years and reaffirmed its interest in buying Siemens' auto parts unit VDO.

Published 28 Jun, 2007 12:00am

GLG hedge fund to pay $3.2 million in SEC settlement

Hedge fund GLG Partners agreed to pay more than $3.2 million in fines after the US Securities and Exchange Commission found it had earned $2.2 million in illegal profits, the agency said on Tuesday.

Published 28 Jun, 2007 12:00am

GLG hedge fund to pay $3.2 million in SEC settlement

Hedge fund GLG Partners agreed to pay more than $3.2 million in fines after the US Securities and Exchange Commission found it had earned $2.2 million in illegal profits, the agency said on Tuesday.

Published 28 Jun, 2007 12:00am

Social security a new banana skin for French budget

France's social security deficit could be the latest banana skin in the path of budget deficit reduction in the euro zone's second biggest economy. Paris's commitment to cutting its budget deficit is already seen at risk from planned tax breaks which are

Published 28 Jun, 2007 12:00am

Peru's May exports up 4.8 percent

Peru's exports grew 4.8 percent in May from the same month a year ago due to higher sales of copper and zinc, the government said on Tuesday, adding that China was the month's biggest consumer. Peruvian shipments abroad reached $2.04 billion in May, a hig

Published 28 Jun, 2007 12:00am

Mexican markets down on soft US economic data

Mexico's peso weakened on Wednesday and stocks fell after a surprisingly sharp drop in US durable goods data added to concerns about growth in the US economy. The peso gave up 0.42 percent to 10.8750 per dollar, while the benchmark IPC stock index slipped

Published 28 Jun, 2007 12:00am

Philippine electronics exports seen growing 10 percent

Philippine electronics exports can still expand by a targeted 10 percent in 2007 despite a disappointing performance in April and a drop in imports of parts, an industry group said on Tuesday.

Published 28 Jun, 2007 12:00am

Taiwan stocks plunge

Taiwan stocks fell 0.24 percent to a three-day closing low on Wednesday, weighed by losses in Cosmos Bank and other financial shares after a newspaper said financial regulators would probe the lender. The main TAIEX share index slid 21.53 points to 8,844.

Published 28 Jun, 2007 12:00am

Malaysian shares fall

Malaysian share prices closed 0.70 percent lower on Wednesday due to concerns that foreign funds may be pulling out of the local market due to the weaker ringgit, dealers said. They said trading volume was low and trading in key blue chips was relatively

Published 28 Jun, 2007 12:00am

Hong Kong blue chips decline

Hong Kong blue chips fell 0.5 percent on Wednesday, tracking weak equity markets world-wide, as worries about the US subprime mortgage market weighed on global lender HSBC Holdings and lower crude prices prompted profit-taking in oil stocks.

Published 28 Jun, 2007 12:00am

US stocks end down for third session

US stocks closed down for a third session on Tuesday as higher bond yields raised concerns about borrowing costs and more fallout from the subprime mortgage market kept investors on edge.

Published 28 Jun, 2007 12:00am

US Treasuries debt prices weaken

US Treasury debt prices fell on Tuesday as reinvigorated bond bulls appeared satiated by two weeks of buying, but analysts said lingering problems in the housing sector should continue to bolster the market.

Published 28 Jun, 2007 12:00am

US Treasuries debt prices weaken

US Treasury debt prices fell on Tuesday as reinvigorated bond bulls appeared satiated by two weeks of buying, but analysts said lingering problems in the housing sector should continue to bolster the market.

Published 28 Jun, 2007 12:00am

Indian shares dip

Indian share prices closed 0.48 percent lower on Wednesday in line with global markets ahead of a monetary policy meeting of the US Federal Reserve, dealers said. They said sentiment was also cautious ahead of the expiry of the local monthly derivative co

Published 28 Jun, 2007 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

Most Popular