News Archives for Print - 2007-07-31

Chemical prices up on Jodia Bazaar

The trading on chemicals ended up on Jodia Bazaar here on Monday. The following variations were noted.

Published 31 Jul, 2007 12:00am

Three soldiers among seven killed in Waziristan

A helicopter gunship fired on a suspicious car that was following an army convoy near the Afghan border on Monday, killing four suspected militants, officials said. The incident was the latest in a series of violent confrontations on the road between Mira

Published 31 Jul, 2007 12:00am

Shanghai copper up

Shanghai copper edged up half a percent on Monday on expectations that China's copper supply could tighten acceptor prices in Shanghai traded at a range between 66,550 yuan and 66,750 yuan a tonne on Monday, up 50 yuan.

Published 31 Jul, 2007 12:00am

Government seeks strategy to enlist missing voters

Election Commission is considering new ways to enlist voters after a Supreme Court order and complaints millions of citizens are missing from draft electoral lists, a senior government official said on Monday. After allegations of rigging in the 2002 elec

Published 31 Jul, 2007 12:00am

China ethanol makers' shift from corn to take time

China, the world's third-largest fuel ethanol producer, will gradually shift away from grains as feedstock for its ethanol facilities but still needs the plants to mop up excess production, a senior government official said on Monday.

Published 31 Jul, 2007 12:00am

NOC a must for mergers and acquisitions

The Monopoly Control Authority (MCA) has made it mandatory for the companies to obtain No-Objection Certificate (NOC) from the authority before acquisition of shares or merger of companies. In this connection, the authority has issued Monopoly Control Aut

Published 31 Jul, 2007 12:00am

Gold on defensive, Tocom platinum falls by limit

Gold stayed on the defensive on Monday, with investment funds nervous about taking new positions due to recent losses in global equities markets, while Japanese platinum futures fell by 2 percent, hitting their daily limit.

Published 31 Jul, 2007 12:00am

NOC a must for mergers and acquisitions

The Monopoly Control Authority (MCA) has made it mandatory for the companies to obtain No-Objection Certificate (NOC) from the authority before acquisition of shares or merger of companies. In this connection, the authority has issued Monopoly Control Aut

Published 31 Jul, 2007 12:00am

Indian sugar futures fall

Indian sugar futures fell on Monday taking their cue from physical sales by mills offloading July's open sale quota, and with sentiment weighed down by expectations of another bumper crop, analysts said.

Published 31 Jul, 2007 12:00am

NOC a must for mergers and acquisitions

The Monopoly Control Authority (MCA) has made it mandatory for the companies to obtain No-Objection Certificate (NOC) from the authority before acquisition of shares or merger of companies. In this connection, the authority has issued Monopoly Control Aut

Published 31 Jul, 2007 12:00am

Oil prices down on profit-taking

Oil prices dipped on Monday as investors took profit after United States crude prices leapt more than 2 dollars to their second-highest close on record, fuelled by upbeat signals on the United States economy and nagging supply worries.

Published 31 Jul, 2007 12:00am

Exorbitant rise in freight charges by foreign shipper

The international shipping lines have once again raised the freight charges by 300 dollars to 800 dollars or 30 to 40 percent by imposing general rate increase and peak season charge in the wake of rising demand of cargo shipments, industry sources told <

Published 31 Jul, 2007 12:00am

Malaysian tin

Malaysian tin was steady on Monday despite a steep fall in London Metal Exchange prices as robust demand from Japan and Europe supported the market, one dealer said.

Published 31 Jul, 2007 12:00am

Exorbitant rise in freight charges by foreign shipper

The international shipping lines have once again raised the freight charges by 300 dollars to 800 dollars or 30 to 40 percent by imposing general rate increase and peak season charge in the wake of rising demand of cargo shipments, industry sources told <

Published 31 Jul, 2007 12:00am

Rains pick up in Ghana cocoa regions

Rainfall picked up in many of Ghana's main cocoa growing regions in mid-July, data from the Ghana Meteorological Agency showed on Monday.

Published 31 Jul, 2007 12:00am

Exorbitant rise in freight charges by foreign shipper

The international shipping lines have once again raised the freight charges by 300 dollars to 800 dollars or 30 to 40 percent by imposing general rate increase and peak season charge in the wake of rising demand of cargo shipments, industry sources told <

Published 31 Jul, 2007 12:00am

South Korea seeks 100,000 tonnes rice for North aid

South Korea has issued a tender to buy 100,000 tonnes of non-glutinous white rice, an official at the state-run Korea Agro-Fisheries Trade Corporation said on Monday. The tender is set under an agreement between South Korea and North Korea in February to

Published 31 Jul, 2007 12:00am

Another OGDC GDR likely

The government is considering issuing another Oil and Gas Development Company (OGDC) global depository receipt (GDR) in 2007, and its basic idea has already been conveyed to the management. Sources said the government economic team conveyed the idea to th

Published 31 Jul, 2007 12:00am

Vietnam's coffee belt finds land for more rubber

Vietnam's Central Highlands coffee belt has identified 200,000 hectares of land, half of which would be used to nearly double the region's rubber plantations to 220,000 hectares by 2010, state media reported on Monday.

Published 31 Jul, 2007 12:00am

Another OGDC GDR likely

The government is considering issuing another Oil and Gas Development Company (OGDC) global depository receipt (GDR) in 2007, and its basic idea has already been conveyed to the management. Sources said the government economic team conveyed the idea to th

Published 31 Jul, 2007 12:00am

Australia farm groups to decide on AWB in weeks

Australian farmer organisations will decide within weeks whether to accept a proposal by scandal-hit exporter AWB Ltd for a new grower company to apply to operate the country's wheat export monopoly. The head of the newly formed Wheat Export Marketing All

Published 31 Jul, 2007 12:00am

Another OGDC GDR likely

The government is considering issuing another Oil and Gas Development Company (OGDC) global depository receipt (GDR) in 2007, and its basic idea has already been conveyed to the management. Sources said the government economic team conveyed the idea to th

Published 31 Jul, 2007 12:00am

East Asian grain: South Korea and Taiwan sidelined by rising freight costs

Grain importers in South Korea and Taiwan are likely to be quiet this week, sidelined by rising freight rates as dry bulk vessels are in tight supply.

Published 31 Jul, 2007 12:00am

Another OGDC GDR likely

The government is considering issuing another Oil and Gas Development Company (OGDC) global depository receipt (GDR) in 2007, and its basic idea has already been conveyed to the management. Sources said the government economic team conveyed the idea to th

Published 31 Jul, 2007 12:00am

Russia grain crop up so far

Russia has harvested 28 percent more grain than by the same time last year, resulting in a decline in prices in many grain producing regions, the Agriculture Ministry said on Monday. It said in a statement over 28 million tonnes of grain by bunker weight

Published 31 Jul, 2007 12:00am

Investors asked to set up IT venture capital fund

Prime Minister Shaukat Aziz on Monday urged Pakistani investors to establish a venture capital fund for the Pakistan IT industry to promote an innovative and knowledge based economy in the country. Presiding over a high level meeting on the establishment

Published 31 Jul, 2007 12:00am

Tocom rubber rallies slightly

Tokyo rubber futures staged a modest rally on Monday after falling more than one percent late last week, drawing support from firm crude oil prices. The most-active rubber contract on the Tokyo Commodity Exchange for January delivery rose 1.4 yen a kg to

Published 31 Jul, 2007 12:00am

Investors asked to set up IT venture capital fund

Prime Minister Shaukat Aziz on Monday urged Pakistani investors to establish a venture capital fund for the Pakistan IT industry to promote an innovative and knowledge based economy in the country. Presiding over a high level meeting on the establishment

Published 31 Jul, 2007 12:00am

Malaysian palm oil climbs

Malaysian crude palm oil futures rose more than 2 percent on Monday, tracking an increase in rival soyabean oil prices and supported by a weakening ringgit currency. Traders said palm oil prices were also helped by steady crude oil, which remained well ab

Published 31 Jul, 2007 12:00am

Investors asked to set up IT venture capital fund

Prime Minister Shaukat Aziz on Monday urged Pakistani investors to establish a venture capital fund for the Pakistan IT industry to promote an innovative and knowledge based economy in the country. Presiding over a high level meeting on the establishment

Published 31 Jul, 2007 12:00am

Argentina sells 8.82 million tonnes wheat

Argentine 2006/07 wheat export commitments totalled 8.82 million tonnes by July 27, unchanged from a week earlier, the Agriculture Secretariat said in its latest weekly report. By the same date last year, Argentina, a top-five wheat exporter, had sold 7.2

Published 31 Jul, 2007 12:00am

Investors asked to set up IT venture capital fund

Prime Minister Shaukat Aziz on Monday urged Pakistani investors to establish a venture capital fund for the Pakistan IT industry to promote an innovative and knowledge based economy in the country. Presiding over a high level meeting on the establishment

Published 31 Jul, 2007 12:00am

US Midwest corn weak, soyabean firm

Spot basis bids for corn were steady to weak on Monday amid expectations for a good crop at harvest time following favourable weather during the key pollination phase, grain dealers said. Soyabean bids were mostly steady to firm. Soybeans were starting to

Published 31 Jul, 2007 12:00am

Russian weekly grain market report

The rise of prices on the Russian grain market slowed down last week, but traders believe that a new rise on the world markets will provide a strong support to Russian prices. The arrival of the new crop grain has finally started affecting prices.

Published 31 Jul, 2007 12:00am

Biofuels to keep global grain prices high: Toepfer

Rising biofuels production will keep grain and oilseed prices high in the coming year, German grain trading house Toepfer International, a unit of US agribusiness Archer Daniel's Midland Co, said on Monday.

Published 31 Jul, 2007 12:00am

New rules to boost Indian gold and diamond output

Exploration of gold and diamond deposits in India will get a major boost if the federal cabinet approves a new mining policy, which aims to cut dependence on imports, officials said. The overhaul of prospecting and mining regulations is slated to be put b

Published 31 Jul, 2007 12:00am

Indonesian crude palm oil prices climb sharply

Indonesian crude palm oil prices climbed sharply on Monday, propped up by strong demand from local refiners and India, as well as extended gains in Malaysia. At the state marketing centre in Jakarta, crude palm oil rose 1.55 percent to 7,519 rupiah ($0.81

Published 31 Jul, 2007 12:00am

Dubai to launch gold exchange traded fund (ETF) in 2008

Dubai, already the region's gold trade hub, may see the launch of the Middle East's first gold exchange traded fund (ETF) in 2008, a senior World Gold Council (WGC) official said on Monday.

Published 31 Jul, 2007 12:00am

Indian soyameal exporters bullish after early deals

Indian soyameal exporters are bullish having struck deals to export 50,000 tonnes of soyameal from the new soyabean crop, trade officials said on Monday. They said contracts finalised this year were at a premium over Chicago prices, not at the usual flat

Published 31 Jul, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 257,958 tonnes cargo including 210,491 tonnes import 47,467 tonnes export cargo and 4,788 containers (TEUs) during last 48 hours ending at 0700 hours on Monday.

Published 31 Jul, 2007 12:00am

UK mortgage loans above forecast

British mortgage lending grew at its fastest pace in three months in June and approvals for new home loans held steady in a sign the housing market is holding up in the face of a string of interest rate increases.

Published 31 Jul, 2007 12:00am

Canada's factory prices tumble

The rising Canadian dollar and falling metals prices knocked down Canadian factory prices by a steeper-than-expected 1.3 percent in June from May, Statistics Canada said on Monday. It was the second straight decline in producer prices, after a 0.5 percent

Published 31 Jul, 2007 12:00am

UK bank refunds could top $1.6 billion after HSBC

HSBC spent almost 1 million pounds a day in the first six months of the year to refund bank charges, raising the prospect UK banks could face a combined first half bill of over 800 million pounds ($1.6 billion).

Published 31 Jul, 2007 12:00am

US-China talks will not erase trade tensions, says Paulson

US Treasury Secretary Henry Paulson said Monday that it was "unrealistic" to expect his talks with Chinese leaders would erase trade tensions between the two nations. Paulson, currently in north-west China to discuss environmental issues, is scheduled to

Published 31 Jul, 2007 12:00am

India needs planes worth $86 billion in next 20 years: Boeing

US aerospace giant Boeing Monday revised up its estimate of the commercial aircraft India would need in the next two decades to 911 from 856, but added demand would be far below China's.

Published 31 Jul, 2007 12:00am

Japan output rises, backing case for rate hike

Japan's industrial output rose 1.2 percent in June, its first increase in four months after a string of soft figures, supporting those who expect the Bank of Japan will soon raise rates. Previously firm expectations the central bank would raise rates next

Published 31 Jul, 2007 12:00am

US and Britain optimistic for WTO trade deal

The United States and Britain are optimistic World Trade Organisation members can reach a long-sought agreement soon in the Doha round of world trade talks, the two country's leaders said on Monday.

Published 31 Jul, 2007 12:00am

ABN withdraws backing for Barclays bid, profit dips

Dutch bank ABN Amro formally withdrew its recommendation of a take-over offer by Barclays but made clear it still favours the British bank's offer over a higher bid from Royal Bank of Scotland's consortium.

Published 31 Jul, 2007 12:00am

ABN withdraws backing for Barclays bid, profit dips

Dutch bank ABN Amro formally withdrew its recommendation of a take-over offer by Barclays but made clear it still favours the British bank's offer over a higher bid from Royal Bank of Scotland's consortium.

Published 31 Jul, 2007 12:00am

Iranian bank hit hard by UN sanctions

US sanctions have hit the European operations of Iran's Bank Sepah hard, despite Tehran's contention the penalties have had little impact and initial US concern they did not go far enough, Western diplomats say.

Published 31 Jul, 2007 12:00am

Kazakhstan demands better terms over Kashagan oil

Kazakhstan told multinationals led by Italy's ENI they would pay the price for being too slow and spending too much to tap its vast Kashagan oilfield, saying it would secure a better deal.

Published 31 Jul, 2007 12:00am

China raises banks' reserve requirements again

China's central bank on Monday raised the level of deposits that lenders must hold in reserve for the ninth time in 13 months, the latest step in its campaign to keep the world's fourth-largest economy from overheating.

Published 31 Jul, 2007 12:00am

ICI rejects higher Akzo Nobel bid worth $11.57 billion

British chemicals group Imperial Chemical Industries (ICI) said Monday it had rejected an improved take-over bid from Dutch rival Akzo Nobel worth 7.8 billion pounds (11.57 billion euros, 15.81 billion dollars).

Published 31 Jul, 2007 12:00am

French industry demand outlook dynamic

French industry demand is expected to be dynamic in the third quarter, with overseas markets expected to hold up despite the strength of the euro, a survey showed on Monday. An index measuring business chiefs' expectations for industry demand rose to 17 i

Published 31 Jul, 2007 12:00am

Bangladesh exports hit record $12.18 billion

Bangladesh's exports hit a record $12.18 billion in the fiscal year that ended in June, boosted by demand for clothing and other textiles, but were below target, data from the Exports Promotion Bureau showed on Monday. Exports rose 15.69 percent from a ye

Published 31 Jul, 2007 12:00am

Japan farm minister visits Washington this week

US Agriculture Secretary Mike Johanns will discuss efforts to expand US beef exports to Japan this week during a visit by the Asian nation's agriculture minister, the Agriculture Department said on Monday.

Published 31 Jul, 2007 12:00am

US shrimpers seek to keep Ecuador antidumping duty

The US shrimp industry is warning that it will drown in a flood of cheap imports unless the Bush administration keeps anti-dumping duties in place on shrimp imports from Ecuador.

Published 31 Jul, 2007 12:00am

Verizon quarterly profit rises 4.5 percent

Verizon Communications Inc said on Monday its second-quarter profit rose 4.5 percent as subscriber growth for its FiOS TV service accelerated while wireless growth remained steady. Meanwhile, Verizon Wireless, the No 2 US wireless service which is a 55 pe

Published 31 Jul, 2007 12:00am

Verizon quarterly profit rises 4.5 percent

Verizon Communications Inc said on Monday its second-quarter profit rose 4.5 percent as subscriber growth for its FiOS TV service accelerated while wireless growth remained steady. Meanwhile, Verizon Wireless, the No 2 US wireless service which is a 55 pe

Published 31 Jul, 2007 12:00am

India Unitech net soars on higher sales

Unitech Ltd, India's second most valuable listed real-estate firm, said on Monday its June quarter net profit soared on higher sales and better price realisations.

Published 31 Jul, 2007 12:00am

India Unitech net soars on higher sales

Unitech Ltd, India's second most valuable listed real-estate firm, said on Monday its June quarter net profit soared on higher sales and better price realisations.

Published 31 Jul, 2007 12:00am

Bulgaria tax, pension plans seen hurting account gap

Bulgaria's plans to introduce a flat personal income tax and raise pensions will fuel consumption and worsen its main economic headache, the ballooning current account deficit, economists said on Monday.

Published 31 Jul, 2007 12:00am

ADM profit rises on gains, ethanol volume down

Archer Daniels Midland Co said on Monday its quarterly profit more than doubled, largely due to one-time gains of more than $600 million, though its processing businesses were hurt by a drop in ethanol sales volume and declining margins in some lines.

Published 31 Jul, 2007 12:00am

ADM profit rises on gains, ethanol volume down

Archer Daniels Midland Co said on Monday its quarterly profit more than doubled, largely due to one-time gains of more than $600 million, though its processing businesses were hurt by a drop in ethanol sales volume and declining margins in some lines.

Published 31 Jul, 2007 12:00am

Telefonica raises goals after sparkling first half

Spain's Telefonica posted a better-than-expected 66 percent rise in first-half net profit on Monday, with a perky performance in its home business, allowing it to raise its full-year earnings forecasts.

Published 31 Jul, 2007 12:00am

Telefonica raises goals after sparkling first half

Spain's Telefonica posted a better-than-expected 66 percent rise in first-half net profit on Monday, with a perky performance in its home business, allowing it to raise its full-year earnings forecasts.

Published 31 Jul, 2007 12:00am

UBM chief executive keen on new buys, no comment on Emap

Publishing and events group United Business Media said it would aggressively pursue new deals but would not comment on potential target Emap.

Published 31 Jul, 2007 12:00am

Big Oil spends more, pumps fewer barrels

The world's three largest fully publicly traded oil firms are investing billions of dollars more this year and the extra spending has yet to result in higher production.

Published 31 Jul, 2007 12:00am

Amtech gets $4.9 million solar order, shares rise

Amtech Systems Incsaid it has received a $4.9 million follow-on solar order from a recent new customer based in Asia, sending the company's shares up more than 10 percent. The latest order, which is expected to be shipped in fiscal 2008, takes the company

Published 31 Jul, 2007 12:00am

Amtech gets $4.9 million solar order, shares rise

Amtech Systems Incsaid it has received a $4.9 million follow-on solar order from a recent new customer based in Asia, sending the company's shares up more than 10 percent. The latest order, which is expected to be shipped in fiscal 2008, takes the company

Published 31 Jul, 2007 12:00am

Gulfsands sees 100 million barrels of Syria oil

Middle East-focused oil and gas explorer Gulfsands Petroleum Plc has estimated total recoverable oil reserves at its flagship Syria asset at 100 million barrels, Chief Executive John Dorrier said on Friday.

Published 31 Jul, 2007 12:00am

TNT operating profit down

Dutch mail company TNT NV disappointed investors on Monday with a decline in second-quarter operating profit but analysts welcomed its plan to buy back an extra 500 million euros ($680 million) of shares. The former Dutch mail monopoly reported earnings b

Published 31 Jul, 2007 12:00am

TNT operating profit down

Dutch mail company TNT NV disappointed investors on Monday with a decline in second-quarter operating profit but analysts welcomed its plan to buy back an extra 500 million euros ($680 million) of shares. The former Dutch mail monopoly reported earnings b

Published 31 Jul, 2007 12:00am

South Korean bonds dip

South Korea's government bond prices dipped on Monday, snapping three sessions of gains after June industrial output rose more than expected. The benchmark five-year Treasury bond yield rebounded from a near-two-month low on Friday, rising two basis point

Published 31 Jul, 2007 12:00am

South Korean bonds dip

South Korea's government bond prices dipped on Monday, snapping three sessions of gains after June industrial output rose more than expected. The benchmark five-year Treasury bond yield rebounded from a near-two-month low on Friday, rising two basis point

Published 31 Jul, 2007 12:00am

New Zealand shares finish lower

New Zealand share prices fell 0.41 percent on Monday in a muted reaction to a sharp sell-off on Wall Street at the end of last week, dealers said. The benchmark NZX-50 index shed 17.18 points to 4,228.83 on turnover worth 120.4 million dollars (91.6 milli

Published 31 Jul, 2007 12:00am

Philippines shares slip

Philippines share prices lost 1.5 percent on Monday, hitting their lowest close in two months after nervous investors cut their positions following another steep fall on Wall Street, dealers said. However, the initial public offering of broadcaster GMA Ne

Published 31 Jul, 2007 12:00am

Malaysian shares ease

Malaysian share prices closed easier changed on Monday as the launch of a massive development project for the northern peninsular provinces helped take the market off its lows, dealers said. The recovery of regional bourses after Wall Street's thrashing l

Published 31 Jul, 2007 12:00am

Hong Kong shares jump on China Life

Hong Kong stocks rose 0.8 percent on Monday, in line with recovering Asian markets, after insurer China Life issued upbeat profit guidance and real estate shares outperformed the day before a government land auction.

Published 31 Jul, 2007 12:00am

JGBs fall from two-month high

Japanese government bond futures fell on Monday, retreating from a two-month high as Tokyo shares rebounded from earlier losses and investors remained wary the Bank of Japan could raise interest rates as soon as August.

Published 31 Jul, 2007 12:00am

JGBs fall from two-month high

Japanese government bond futures fell on Monday, retreating from a two-month high as Tokyo shares rebounded from earlier losses and investors remained wary the Bank of Japan could raise interest rates as soon as August.

Published 31 Jul, 2007 12:00am

Taiwan stocks decline

Taiwan shares fell 0.98 percent on Monday to their lowest close in nearly one month, pulled down by tech exporters such as Hon Hai, following losses on Wall Street and after foreign investors sold a record amount of local shares last Friday.

Published 31 Jul, 2007 12:00am

Chinese shares set new record

China's main stock index surged 2.20 percent to a fresh record high finish on Monday as investors bought heavily into steel and coal companies, focusing on strong earnings prospects. The Shanghai Composite Index ended the day at 4,440.769 points, off an i

Published 31 Jul, 2007 12:00am

Singapore shares rise

Singapore share prices closed 0.96 percent higher on Monday, coming off early lows on bargain hunting in property stocks, dealers said. The Straits Times Index (STI) rose 33.59 points to 3,526.29. Volume was 2.82 billion shares worth 2.57 billion dollars

Published 31 Jul, 2007 12:00am

Jakarta shares surge

Indonesian share prices closed 0.1 percent higher on Monday with the main index recovering from heavy morning losses after a number of major stocks managed a rebound in late trade, dealers said. The Jakarta Stock Exchange composite index was up 3.14 point

Published 31 Jul, 2007 12:00am

Markets closed

Thai stock markets were closed on Monday for a public holiday. Trading will resume on Tuesday.

Published 31 Jul, 2007 12:00am

Indian shares edge up

Indian share prices edged up 0.17 percent in volatile trade on Monday after shedding early gains on fears of a further sell-off on Wall Street, dealers said. They said the markets bounced back intraday on improving Asian market trends but investors prefer

Published 31 Jul, 2007 12:00am

South Korea planning IPO of three state firms in 2007

South Korea plans to raise a combined 184.2 billion won ($199.9 million) in 2007 via initial public offerings of three small state-run firms, including Korea District Heating Corp, the government said on Monday.

Published 31 Jul, 2007 12:00am

Nikkei ends flat

Japan's Nikkei average finished almost flat on Monday after hitting its lowest in nearly four months as a stronger yen weighed on Canon Inc and other exporters, while steel shares such as JFE Holdings Inc supported the market on robust profitability.

Published 31 Jul, 2007 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 68.50/68.51 (previous 68.50/68.51) Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent.

Published 31 Jul, 2007 12:00am

Taiwan dollar up

The Taiwan dollar rose on Monday as exporters got rid of US dollars and the yen gained ground, though some foreign fund outflows that helped push stocks lower dampened sentiment in the forex market. The Taiwan dollar ended firmer at T$32.827 to the US dol

Published 31 Jul, 2007 12:00am

Australian dollar at four-week lows

The Australian dollar fell to a four-week low against the US currency and an eight-week trough versus the yen on Monday, as jittery investors unwound riskier bets amid further gyrations on Asia-Pacific stock markets.

Published 31 Jul, 2007 12:00am

Yen rises

The yen hit a three-month high against the euro in early trade on Monday as the sell-off in global equity and credit markets prompted investors to cut back on risky positions such as carry trades.

Published 31 Jul, 2007 12:00am

Swiss franc firmer

The Swiss franc was firmer against the euro and the dollar on Monday helped by a flow of funds towards safe-haven currencies as investors cut back on riskier positions. Lower-yielding currencies such as the Swiss franc and the yen, used to fund the carry

Published 31 Jul, 2007 12:00am

Asian currencies high-yielders win respite from risk-unwinding

The Philippine peso rose nearly half a percent and the Indonesian rupiah stabilised on Monday as markets paused in their selling of Asia's high-yielding assets, despite concerns about global equity and credit markets. The peso rose to 45.45 per dollar, ra

Published 31 Jul, 2007 12:00am

Indian rupee eases

The Indian rupee lost ground in a choppy session on Monday as some overseas investors unwound holdings due to growing risk aversion on concerns about the outlook for global equity and credit markets, dealers said.

Published 31 Jul, 2007 12:00am

Australian long bonds at two-month highs

Australian long bond futures remained at two-month highs on Monday, benefiting from a global flight to safety as investors continued to sell stocks amid concerns about the troubled US subprime mortgage sector.

Published 31 Jul, 2007 12:00am

Australian long bonds at two-month highs

Australian long bond futures remained at two-month highs on Monday, benefiting from a global flight to safety as investors continued to sell stocks amid concerns about the troubled US subprime mortgage sector.

Published 31 Jul, 2007 12:00am

Yuan ends down

China's yuan closed lower against the dollar on Monday but the yen's strength in foreign markets helped the Chinese currency offset some downward pressure from the low reference rate set by the central bank. Before the start of Monday's trade, the People'

Published 31 Jul, 2007 12:00am

Pakistani women footballers have zeal for the game: Monika Staab

German women soccer coach Monika Staab is reaching Lahore on August 4 to run women coaching clinics in Lahore. Monika Staab is currently visiting Pakistan for one-month Women Football Training Programme during which she is going to conduct coaching camps

Published 31 Jul, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
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