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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-07-13
Nikkei down

Nikkei down

Japan's Nikkei average lost 0.36 percent on Thursday to log its lowest close in two weeks, weighed down by Tokyo Electron Ltd and similar stocks after the company reported weak chip orders data a day. Shares of Nomura Holdings Inc tumbled nearly 5 percent
Published 13 Jul, 2007 12:00am
Qatar burst Vietnam's bubble with late strike

Qatar burst Vietnam's bubble with late strike

Qatar forward Sebastian Quintana burst Vietnam's bubble with a 79th-minute equaliser, salvaging a precious 1-1 draw with the Asian Cup co-hosts on Thursday. Vietnam were within sight of becoming the first team to reach the quarter-finals after Phan Thanh
Published 13 Jul, 2007 12:00am
Pathan back in the swing after Lillee help

Pathan back in the swing after Lillee help

Discarded Indian seamer Irfan Pathan says he has regained his bowling rhythm after working with Australian pace legend Dennis Lillee and is confident of a quick recall to the national side. The 22-year-old left-hander was hailed as a future successor to r
Published 13 Jul, 2007 12:00am
Marri hails PFF's ban on Punjab minister

Marri hails PFF's ban on Punjab minister

President, Balochistan Football Association (BFA), Mir Muhammad Jan Marri, has hailed Pakistan Football Federation (PFF)'s decision of imposing 10-years ban on former PFF secretary general Muhammad Arshad Khan Lodhi and abstaining him from taking part in
Published 13 Jul, 2007 12:00am
Divisional Football: workshop beat Multan 3-2 in final

Divisional Football: workshop beat Multan 3-2 in final

Workshop overcame Multan 3-2 in the exciting final of Railways Divisional Football Championship 2007 here at Railway Stadium on Thursday. The holder's Multan, despite taking lead, failed to capitalise and surrender the title to spirited Workshop team.
Published 13 Jul, 2007 12:00am
Hong Kong dollar ends steady

Hong Kong dollar ends steady

The Hong Kong dollar was stuck in a narrow range on Thursday, while most interbank rates softened amid expectations for an improvement in liquidity once money is released from IPO subscriptions. The currency was trading at 7.8164/65 against the US dollar
Published 13 Jul, 2007 12:00am
Asian currencies mostly on defensive

Asian currencies mostly on defensive

The Philippine peso rebounded on Thursday as market jitters about the US subprime mortgage crisis eased, but the lingering concerns still put pressure on most Asian currencies. Ben Simpfendorfer, currency strategist at Royal Bank of Scotland, said the vol
Published 13 Jul, 2007 12:00am
Bangladesh interbank forex rates

Bangladesh interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 68.63/68.66 (previous 68.64/68.67). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
Published 13 Jul, 2007 12:00am
Dollar flat versus euro in New York

Dollar flat versus euro in New York

The dollar was little changed against the euro and rose against the yen on Wednesday as a spike in investor aversion to risk tentatively faded and US stocks indexes rebounded from Tuesday's swoon. However, the dollar was still down against sterling and ha
Published 13 Jul, 2007 12:00am
Yen reacts little to BoJ vote in Tokyo

Yen reacts little to BoJ vote in Tokyo

The yen was little changed near an all-time low against the euro on Thursday, as investors showed muted reaction after the Bank of Japan held interest rates unchanged at 0.5 percent as expected but did so on a split vote. The dollar was narrowly mixed aft
Published 13 Jul, 2007 12:00am
Indian rupee knocked lower

Indian rupee knocked lower

The Indian rupee fell sharply on Thursday just as it looked set to test a nine-year high, knocked to a two-week low by suspected central bank intervention before a rising stock market helped it regain some poise. The partially convertible rupee ended at 4
Published 13 Jul, 2007 12:00am
Australian dollar eases

Australian dollar eases

The Australian dollar eased further away from an 18-year high on Thursday after domestic data showed the jobless rate ticked up in June, trimming expectations that interest rates here would increase later this year.
Published 13 Jul, 2007 12:00am
Philippines shares higher

Philippines shares higher

Philippines share prices closed 1.63 percent higher on Thursday, snapping a four-day losing streak, with Wall Street's rebound overnight triggering bargain-hunting in blue chips, dealers said. The composite index added 60.24 points to end at 3,756.75, its
Published 13 Jul, 2007 12:00am
Singapore shares up

Singapore shares up

Singapore share prices closed 0.82 percent higher on Thursday on gains in blue chips following Wall Street's rebound overnight, dealers said. The Straits Times Index rose 29.62 points to 3,624.56. Volume totalled 3.95 billion shares worth 2.9 billion Sing
Published 13 Jul, 2007 12:00am
FIFA confirm squad lists for Mandela's match

FIFA confirm squad lists for Mandela's match

FIFA have unveiled the full list of players taking part in next week's charity match in honour of former South African president Nelson Mandela. Pele, Ruud Gullit and French World Cup winner Christian Karembeu head the line-up for the Rest of the World te
Published 13 Jul, 2007 12:00am
Indonesian shares close higher

Indonesian shares close higher

Jakarta share prices closed 0.51 higher Thursday, driven by Wall Street's rebound overnight, with gains led by Telkom and Indosat on expectations of strong first half results, dealers said. The Jakarta Stock Exchange composite index closed up 11.499 point
Published 13 Jul, 2007 12:00am
Thai shares lower

Thai shares lower

Thai share prices closed 0.28 percent lower Thursday on selling of export-linked stocks as the local currency hit a fresh 10-year high against the dollar, dealers said. They said investors also dumped banking and energy shares.
Published 13 Jul, 2007 12:00am
Malaysian shares climb

Malaysian shares climb

Malaysian share prices closed 0.49 percent higher on Thursday following Wall Street's strong rebound overnight and on hopes the government will continue to pump-prime the economy, dealers said. The Kuala Lumpur Composite Index gained 6.75 points to 1,366.
Published 13 Jul, 2007 12:00am
Treasuries: bonds fall as subprime worries wane

Treasuries: bonds fall as subprime worries wane

US government bond prices fell on Wednesday as investors took a breather from subprime mortgage market worries and pushed stocks higher. Wednesday's profit-taking erased much of the previous day's advance, but not all of it. Analysts said with the market
Published 13 Jul, 2007 12:00am
Treasuries: bonds fall as subprime worries wane

Treasuries: bonds fall as subprime worries wane

US government bond prices fell on Wednesday as investors took a breather from subprime mortgage market worries and pushed stocks higher. Wednesday's profit-taking erased much of the previous day's advance, but not all of it. Analysts said with the market
Published 13 Jul, 2007 12:00am
US stocks gain on earnings optimism

US stocks gain on earnings optimism

US stocks rose on Wednesday as a scarcity of profit warnings fuelled optimism over the corporate reporting season, enabling the market to regain its footing after a sharp drop the previous session. Shares of fast-food company Yum Brands, which jumped 4.9
Published 13 Jul, 2007 12:00am
Hong Kong shares scale all-time highs

Hong Kong shares scale all-time highs

Hong Kong stocks rebounded 1.4 percent to hit a record on Thursday, their seventh in the last eight sessions, with broker upgrades helping to lift large-caps China Mobile and Ping An Insurance to all-time highs.
Published 13 Jul, 2007 12:00am
Indian shares close at record high

Indian shares close at record high

Indian share prices closed up 1.22 percent to a new record high on Thursday led by automobile and banking stocks, dealers said. They said software stocks remained subdued after India's second biggest software exporter Infosys Technologies lowered its full
Published 13 Jul, 2007 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks closed 0.68 percent higher on Thursday, with financial shares and some technology players such as mobile phone casing maker Catcher leading a rebound after gains on Wall Street. The main TAIEX share index ended up 63.46 points at 9,354.41, f
Published 13 Jul, 2007 12:00am
AOL settles with states on cancellation complaints

AOL settles with states on cancellation complaints

Time Warner Inc's AOL reached a settlement with 48 states and the District of Columbia under which it will change its policy on account cancellations, officials announced on Wednesday.
Published 13 Jul, 2007 12:00am
Palm prices lift Malaysia's IOI profit 35 percent

Palm prices lift Malaysia's IOI profit 35 percent

Strong palm oil prices will lift net profit by 35 percent for Malaysia's top planter, IOI Corp Bhd, in the year to June 2007, but will also blunt the firm's acquisition prospects, a top company official said.
Published 13 Jul, 2007 12:00am
German railways confident of deal with rebel union

German railways confident of deal with rebel union

Deutsche Bahn said on Thursday it was confident of reaching a pay deal with a rebel train drivers union that rejected a pact signed by other unions this week after a series of crippling warning strikes.
Published 13 Jul, 2007 12:00am
IMF team in Senegal look at spending, transparency

IMF team in Senegal look at spending, transparency

An IMF team began a mission to Senegal on Thursday to press for better public sector transparency, rein in growing budget deficits and agree a programme to boost donor confidence and development aid.
Published 13 Jul, 2007 12:00am
Crossover index stages rally

Crossover index stages rally

European credit markets staged a rally in afternoon trade, spurred by higher US equities which helped alleviate some fears about the subprime mortgage market crisis that have hammered spreads in the past two days.
Published 13 Jul, 2007 12:00am
Seoul shares hit record

Seoul shares hit record

Seoul shares rallied on Thursday to a sixth record close this month as Daiwa Shipbuilding gained after posting a surge in operating profit, while Samsung Electronics and POSCO jumped ahead of their earnings results.
Published 13 Jul, 2007 12:00am
Dollar hits multi-year low

Dollar hits multi-year low

The dollar sank to a record low against the euro and a multi-year trough versus a basket of major currencies on Thursday, weighed by concerns that wobbles in US mortgage and credit markets could spread to the wider economy.
Published 13 Jul, 2007 12:00am
Sterling retreats

Sterling retreats

Profit-taking knocked sterling off earlier 26-year peak versus the dollar on Thursday, with soft UK housing data also weighing on sentiment. Data from the Royal Institution of Chartered Surveyors showed that house price inflation slowed sharply in June to
Published 13 Jul, 2007 12:00am
Walking robot offers clues to human movement

Walking robot offers clues to human movement

A walking robot that adapts to different terrain is helping scientists understand how humans move and could one day lead to improved treatment for spinal cord and other injuries, German researchers said on Friday.
Published 13 Jul, 2007 12:00am
BBC apologises to queen

BBC apologises to queen

The BBC apologised to Queen Elizabeth II on Thursday after it implied that she stormed out of a photo shoot with celebrity photographer Annie Leibovitz amid a row over her crown. The broadcaster released a snippet from forthcoming documentary "A Year With
Published 13 Jul, 2007 12:00am
Syria may be flexible on key Israeli demand: UN

Syria may be flexible on key Israeli demand: UN

Syria has signalled to the UN's Middle East envoy a willingness to change its relationship with Iran, Hezbollah and Hamas if progress were made towards a peace deal with Israel. UN special envoy Michael Williams told Reuters in an interview on Thursday th
Published 13 Jul, 2007 12:00am
Iran and UN team hold further talks

Iran and UN team hold further talks

Iranian nuclear officials and a visiting team from the UN nuclear watchdog held a second round of talks on Thursday to discuss ways to remove outstanding questions about Iran's disputed nuclear programme. Iran has offered to draw up an "action plan" to ad
Published 13 Jul, 2007 12:00am
Nigerian three-year-old boy kidnapped

Nigerian three-year-old boy kidnapped

A 3-year-old Nigerian boy was kidnapped in the oil-producing Niger Delta in southern Nigeria on Thursday, police said, four days after a British girl of the same age was released by her kidnappers. Police spokeswoman Ireju Barasua said the boy was snatche
Published 13 Jul, 2007 12:00am
UN inspectors optimistic as they head for North Korea

UN inspectors optimistic as they head for North Korea

International Atomic Energy Agency monitors said as they prepared to leave for North Korea on Thursday they were optimistic about their mission to verify a pledge by Pyongyang to shut down its atomic bomb programme.
Published 13 Jul, 2007 12:00am
Six Lebanese troops killed in camp battles

Six Lebanese troops killed in camp battles

Al Qaeda-inspired militants killed six Lebanese soldiers on Thursday in fierce battles at a Palestinian refugee camp in north Lebanon, security sources said. They said 22 soldiers were wounded, three seriously, in fighting at the Nahr al-Bared camp which
Published 13 Jul, 2007 12:00am
Six Afghan cops killed in roadside bomb

Six Afghan cops killed in roadside bomb

Six Afghan policemen were killed on Thursday when a roadside bomb hit their vehicle, part of a convoy of US-led forces in south-east Afghanistan, a provincial police official said. There were no reports of casualties among soldiers in the blast, which hap
Published 13 Jul, 2007 12:00am
US flight to London diverted to New York

US flight to London diverted to New York

An American Airlines flight heading from Los Angeles to London was diverted to New York on Thursday over security concerns but US authorities said the incident was likely a "misunderstanding", US media reported.
Published 13 Jul, 2007 12:00am
Crossover index stages rally

Crossover index stages rally

European credit markets staged a rally in afternoon trade, spurred by higher US equities which helped alleviate some fears about the subprime mortgage market crisis that have hammered spreads in the past two days.
Published 13 Jul, 2007 12:00am
US adds five Iranian entities to WMD control list

US adds five Iranian entities to WMD control list

The United States is stiffening export controls on five Iranian entities because of concerns about their links with weapons of mass destruction, the US Commerce Department said on Thursday. Three are involved in prohibited nuclear activities and two are i
Published 13 Jul, 2007 12:00am
Russia attacks new Kosovo resolution

Russia attacks new Kosovo resolution

Russia attacked on Thursday the latest United Nations draft resolution on the future of the province of Kosovo, saying it amounted to the same old Western-backed plan for independence dressed up in new language.
Published 13 Jul, 2007 12:00am
British woman 'proud' to be married to Osama's son

British woman 'proud' to be married to Osama's son

A British grandmother who recently married a son of al Qaeda chief Osama Bin Laden is proud of her husband, who does not know where his father is, she told a Saudi daily published on Thursday. "I know that I'm married to the son of the most dangerous pers
Published 13 Jul, 2007 12:00am
Rice postpones trip to Jerusalem and Ramallah

Rice postpones trip to Jerusalem and Ramallah

US Secretary of State Condoleezza Rice has postponed a trip to Jerusalem and Ramallah which had been due next week, US officials said Thursday. "The secretary will postpone a planned step in Jerusalem and Ramallah until the end of the month," State Depart
Published 13 Jul, 2007 12:00am
New Delhi cracks down on 'killer' commuter buses

New Delhi cracks down on 'killer' commuter buses

Tens of thousands of people were left stranded and sweating at bus stops in the Indian capital Thursday amid a local government crackdown on private commuter buses blamed for dozens of deaths.
Published 13 Jul, 2007 12:00am
Two British Council employees arrested in Eritrea

Two British Council employees arrested in Eritrea

Eritrea has arrested two British Council employees in Asmara, the Red Sea state said on Thursday, and also accused a British diplomat of breaking its laws. "Only one is (still) in detention. I don't want to enter into details. The law has been violated,"
Published 13 Jul, 2007 12:00am
Philippine ferry sinks; 12 dead

Philippine ferry sinks; 12 dead

A ferry sank in stormy waters in the central Philippines early Thursday leaving at least 12 people dead and more than 100 missing, the military said. Huge waves rolled over the 400-tonne MV Blue Water as it lay half-submerged near the coast of San Francis
Published 13 Jul, 2007 12:00am
Japan Prime Minister's future in balance as campaign starts

Japan Prime Minister's future in balance as campaign starts

Campaigning began on Thursday for a Japanese upper house election on July 29 that could cost Prime Minister Shinzo Abe his job and usher in a period of policy stagnation if his ruling bloc loses heavily.
Published 13 Jul, 2007 12:00am
Thaksin summoned to face graft trial

Thaksin summoned to face graft trial

Thai prosecutors stuck a summons on the door of ousted Prime Minister Thaksin Shinawatra's Bangkok home on Thursday, demanding he and his wife, who live in exile in London, appear in court next month to answer corruption charges.
Published 13 Jul, 2007 12:00am
Al Qaeda getting stronger: US intelligence

Al Qaeda getting stronger: US intelligence

A new US intelligence report shows al Qaeda is gaining strength and has established a safe haven in remote tribal areas of western Pakistan for training and plotting attacks, The Washington Post reported on Thursday.
Published 13 Jul, 2007 12:00am
Five killed in Thai south

Five killed in Thai south

Suspected rebels have killed five people in Thailand's troubled south, police said Thursday, highlighting ongoing violence in the region as the Thai premier wrapped up a two-day visit. Police said they found the body of an unidentified man, who had been s
Published 13 Jul, 2007 12:00am
Muralitharan claims 59th five-wicket haul in rain-hit Test

Muralitharan claims 59th five-wicket haul in rain-hit Test

Sri Lankan spin wizard Muttiah Muralitharan claimed his 59th five-wicket haul before rain wreaked havoc in the final cricket Test against Bangladesh here on Thursday. The world record-chasing bowler finished with 6-28 as Bangladesh were shot out for 131 i
Published 13 Jul, 2007 12:00am
Russia without Sharapova for Fed Cup semi-final

Russia without Sharapova for Fed Cup semi-final

Russia will be missing Maria Sharapova and maybe their coach for this weekend's Fed Cup semi-final against the United States while defending champions Italy face a daunting task against France.
Published 13 Jul, 2007 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 13 Jul, 2007 12:00am
Jahangir Siddiqui Company buys 263,700 EFU shares

Jahangir Siddiqui Company buys 263,700 EFU shares

Jahangir Siddiqui & Company Limited has purchased 263,700 ordinary shares of EFU General Insurance Company Limited, giving rise to total investment in 10,132,110 ordinary shares of the company. In an information, sent to the Karachi Stock Exchange (KSE) h
Published 13 Jul, 2007 12:00am
Jahangir Siddiqui Company buys 263,700 EFU shares

Jahangir Siddiqui Company buys 263,700 EFU shares

Jahangir Siddiqui & Company Limited has purchased 263,700 ordinary shares of EFU General Insurance Company Limited, giving rise to total investment in 10,132,110 ordinary shares of the company. In an information, sent to the Karachi Stock Exchange (KSE) h
Published 13 Jul, 2007 12:00am
76th Kashmir Martyrs Day today

76th Kashmir Martyrs Day today

The 76th Kashmir Martyrs Day to be observed on July 13 by the Kashmiris across the Line of Control (LoC) and all over the world. Seminars, conferences and symposiums would be held in all district headquarters of Azad Jammu and Kashmir to highlight the imp
Published 13 Jul, 2007 12:00am
76th Kashmir Martyrs Day today

76th Kashmir Martyrs Day today

Kashmiris across the Line of Control (LoC) and all over the world are observing the 76th Kashmir Martyrs Day on Friday (July 13). With a view to highlight the importance of the day and pay tributes to the Kashmiri martyrs particularly those who laid down
Published 13 Jul, 2007 12:00am
Chundrigar road to be closed from today

Chundrigar road to be closed from today

I I Chundrigar road, the financial street of Pakistan, would be closed for all traffic from Outram road (Uni Plaza) up to Muhammad Bin Qasim road near Daily Jang Press Building from early morning of Friday.
Published 13 Jul, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Jul, 2007 12:00am
Parliamentarians keep distance from Lal Masjid operation

Parliamentarians keep distance from Lal Masjid operation

Every other person in the country is discussing the fall out of the operation 'Sunrise' at the Lal Masjid and Jamia Hafsa and yet there seems to be silence on this issue in the National Assembly, the forum where matters of urgent national importance havin
Published 13 Jul, 2007 12:00am
Load shedding: students to get two percent grace marks

Load shedding: students to get two percent grace marks

Sindh Governor Dr Ishratul Ibad on Thursday approved giving two percent grace marks to students of class 9th, 10th, 11th and 12th in the province, as they were affected by load shedding during examination season.
Published 13 Jul, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (July 12, 2007).

Published 13 Jul, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 13 Jul, 2007 12:00am
Aggressive marketing: brand garment outlets abroad need huge investment

Aggressive marketing: brand garment outlets abroad need huge investment

Any attempt to introduce a brand of textile garments in the world market will result in a complete closure of the entire sector, as it needs billion of dollars' investment for marketing alone, which the local manufacturers and exporters cannot afford, sai
Published 13 Jul, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jul, 2007 12:00am
Bangladesh women entrepreneurs' products show on July 15

Bangladesh women entrepreneurs' products show on July 15

A 15-member women entrepreneurs delegation of Bangladesh, now visiting Pakistan, will organise women entrepreneurs' product exhibition at a local hotel on July 15. Wife of Deputy High Commissioner of Bangladesh Saquib Ali will inaugurate the exhibition.
Published 13 Jul, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jul, 2007 12:00am
PIA discontinues journalist concession

PIA discontinues journalist concession

National carrier PIA on Thursday announced discontinuation of 50 percent journalist concession facility. The decision has been taken due to financial constraints, which the airline is faced, APP learnt. However, PIA sources said that the facility has been
Published 13 Jul, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (July 12, 2007).

Published 13 Jul, 2007 12:00am
NAFA announces dividend

NAFA announces dividend

National Fullerton Asset Management Limited (NAFA) has announced dividends on its three funds, ie NAFA Stock Fund, NAFA Multi Asset Fund and NAFA Cash Fund. According to a press release issued here on Thursday, NAFA Stock Fund has gone up to 43 percent in
Published 13 Jul, 2007 12:00am
NAFA announces dividend

NAFA announces dividend

National Fullerton Asset Management Limited (NAFA) has announced dividends on its three funds, ie NAFA Stock Fund, NAFA Multi Asset Fund and NAFA Cash Fund. According to a press release issued here on Thursday, NAFA Stock Fund has gone up to 43 percent in
Published 13 Jul, 2007 12:00am
City Council backs Lal Masjid operation

City Council backs Lal Masjid operation

The City Council with majority adopted a resolution in favour of the Lal Masjid operation and rejected another demanding government's resignation on the six-month long standoff. The resolution, which condemned religious extremism while lauding Islamabad f
Published 13 Jul, 2007 12:00am
AKD Investment Management approves cash dividend

AKD Investment Management approves cash dividend

The board of directors of AKD Investment Management Limited, the management company of AKD Opportunity Fund (AKSOF), has approved a cash dividend of rupees five per unit (11.29 percent on the opening NAV of Rs 44.2952 for 2007 financial year. Unit-holders
Published 13 Jul, 2007 12:00am
AKD Investment Management approves cash dividend

AKD Investment Management approves cash dividend

The board of directors of AKD Investment Management Limited, the management company of AKD Opportunity Fund (AKSOF), has approved a cash dividend of rupees five per unit (11.29 percent on the opening NAV of Rs 44.2952 for 2007 financial year. Unit-holders
Published 13 Jul, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (July 12, 2007).

Published 13 Jul, 2007 12:00am
SBP appoints primary dealers

SBP appoints primary dealers

State Bank of Pakistan has appointed primary dealers for 2007-08 financial year. According to the SBP announcement, JS Bank Limited, Pak Oman Investment Company Limited, ABN Amro Bank N.V, Citibank N.A, MCB Bank Limited, United Bank Limited, Standard Char
Published 13 Jul, 2007 12:00am
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