Mixed trend was observed on the Islamabad Stock Exchange (ISE) where bulls and bears had a close fight under the lead of hot favourite amid increase in index. ISE-10 Index showed an increase of 0.85 points as it moved from 2,811.13 to 2,928.05 points.
The share market failed to maintain the rising posture on Thursday and moved both ways though the buying interest in insurance, oil sector and banks, helped the index finish with only a fractional loss. The LSE-25 Index closed at 4,454.95 points as oppose
The share market failed to maintain the rising posture on Thursday and moved both ways though the buying interest in insurance, oil sector and banks, helped the index finish with only a fractional loss. The LSE-25 Index closed at 4,454.95 points as oppose
Nawaz Sharif is to meet Saudi Arabia's King Abdullah on Friday to discuss plans to return to his homeland, a party spokesman said. The Saudi monarch sent a special plane on Thursday which fetched Sharif from the Red Sea city of Jeddah and took him to the
Nawaz Sharif is to meet Saudi Arabia's King Abdullah on Friday to discuss plans to return to his homeland, a party spokesman said. The Saudi monarch sent a special plane on Thursday which fetched Sharif from the Red Sea city of Jeddah and took him to the
On Thursday, BRIndex30 opened at 14,747.85 with an upward gap 46.12 points. It closed at 14,689.21 with a net negative change of -12.52 points or -0.09 percent. It experienced intra-day high of 14,836.88 and intra-day low of 14,689.21.
On Thursday, BRIndex30 opened at 14,747.85 with an upward gap 46.12 points. It closed at 14,689.21 with a net negative change of -12.52 points or -0.09 percent. It experienced intra-day high of 14,836.88 and intra-day low of 14,689.21.
Four new federal ministers were inducted into the caretaker cabinet, raising the number of its members to 28. An unusually large interim administration headed by Senate Chairman Mohammedmian Soomro as caretaker prime minister comprising 24 ministers, who
Four new federal ministers were inducted into the caretaker cabinet, raising the number of its members to 28. An unusually large interim administration headed by Senate Chairman Mohammedmian Soomro as caretaker prime minister comprising 24 ministers, who
Opposition leader Benazir Bhutto told party workers on Thursday to start campaigning for upcoming general elections but warned she might still order a boycott of the vote.
Opposition leader Benazir Bhutto told party workers on Thursday to start campaigning for upcoming general elections but warned she might still order a boycott of the vote.
General Pervez Musharraf may take oath as "Mr" President on Saturday as all legal hurdles in his second 5-year term stand removed. The Supreme Court on Thursday dismissed Dr Zahoor Mehdi's petition on the ground that he had not filed his nomination papers
General Pervez Musharraf may take oath as "Mr" President on Saturday as all legal hurdles in his second 5-year term stand removed. The Supreme Court on Thursday dismissed Dr Zahoor Mehdi's petition on the ground that he had not filed his nomination papers
The government intends to divert the six percent R&D subsidy towards the real ''research and development'' of the textile sector instead of giving it to the exporters, sources told Business Recorder here on Tuesday.
The government intends to divert the six percent R&D subsidy towards the real 'research and development' of the textile sector instead of giving it to the exporters, sources told Business Recorder here on Tuesday.
The government intends to divert the six percent R&D subsidy towards the real 'research and development' of the textile sector instead of giving it to the exporters, sources told Business Recorder here on Tuesday.
The committee probing pay phone scam has resumed investigation against suspected senior officials of customs and excise group involved in issuance of illegal excise duty refund to payphone companies.
The committee probing pay phone scam has resumed investigation against suspected senior officials of customs and excise group involved in issuance of illegal excise duty refund to payphone companies.
The committee probing pay phone scam has resumed investigation against suspected senior officials of customs and excise group involved in issuance of illegal excise duty refund to payphone companies.
Following India''s exit from the cross-country gas pipeline project, Islamabad and Tehran have initiated technical dialogue for gas transportation from Iran to Pakistan. A technical team from Iran is in Islamabad for discussions to prepare a revised plan
Following India's exit from the cross-country gas pipeline project, Islamabad and Tehran have initiated technical dialogue for gas transportation from Iran to Pakistan. A technical team from Iran is in Islamabad for discussions to prepare a revised plan f
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (November 22, 2007).
Following India's exit from the cross-country gas pipeline project, Islamabad and Tehran have initiated technical dialogue for gas transportation from Iran to Pakistan. A technical team from Iran is in Islamabad for discussions to prepare a revised plan f
Karachi share market continued its upward trend on Thursday and the KSE-100 index gained another 33.89 points to close at 13,542.87 points level on the back of fresh buying due to increasing oil prices in the international market and the Supreme Court''s
Karachi share market continued its upward trend on Thursday and the KSE-100 index gained another 33.89 points to close at 13,542.87 points level on the back of fresh buying due to increasing oil prices in the international market and the Supreme Court's d
Karachi share market continued its upward trend on Thursday and the KSE-100 index gained another 33.89 points to close at 13,542.87 points level on the back of fresh buying due to increasing oil prices in the international market and the Supreme Court's d
Top bureaucracy's traditional non-cooperation with the new government has annoyed the caretaker Prime Minister Mohammedmian Soomro who is to hold the office for only two months, official sources told Business Recorder here on Thursday.
Top bureaucracy's traditional non-cooperation with the new government has annoyed the caretaker Prime Minister Mohammedmian Soomro who is to hold the office for only two months, official sources told Business Recorder here on Thursday.
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
The latest ADB''s update makes urgent call for ending political uncertainty, to ensure the present economic growth. In its latest Quarterly Update on Economy, the ADB has listed a number of positive developments on the economic front and spoken of some bo
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
The latest ADB's update makes urgent call for ending political uncertainty, to ensure the present economic growth. In its latest Quarterly Update on Economy, the ADB has listed a number of positive developments on the economic front and spoken of some bot
The latest ADB's update makes urgent call for ending political uncertainty, to ensure the present economic growth. In its latest Quarterly Update on Economy, the ADB has listed a number of positive developments on the economic front and spoken of some bot
Continued political turmoil and high cost of production have pulled down the dwindling textile exports by 10 percent during October, exporters said on Thursday. They said besides political crisis in the country, the soaring prices of cotton and cotton yar
Indonesian palm oil prices were mixed on Thursday, given some support by gains by Malaysia crude palm oil futures, while uncertainty over subsidies for cooking oil put pressure on the olein market.
Continued political turmoil and high cost of production have pulled down the dwindling textile exports by 10 percent during October, exporters said on Thursday. They said besides political crisis in the country, the soaring prices of cotton and cotton yar
The Karachi Port handled 75,126 tonnes cargo including 47,546 tonnes import, 27,580 tonnes export cargo and 2,667 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 50,404 tonnes dry cargo including 33,681 tonn
Continued political turmoil and high cost of production have pulled down the dwindling textile exports by 10 percent during October, exporters said on Thursday. They said besides political crisis in the country, the soaring prices of cotton and cotton yar
Indian coffee prices, ruling above global rates, are expected to ease marginally from January as the new crop arrives, traders said on Thursday. Arabica is being quoted at 102 rupees per kg, around 5 rupees ($0.13) higher than international prices, while
The Securities and Exchange Commission of Pakistan (SECP) has enhanced the capital requirement for the Non-Banking Finance Companies (NBFCs) and categorised NBFCs into two groups/clusters where first group would cover asset management companies (mutual fu
Corn futures on the Chicago Board of Trade closed flat to firm on Wednesday in choppy trading with a limit up move in wheat providing late support, traders said. Traders said position-squaring was noted before the US Thanksgiving holiday on Thursday, and
The Securities and Exchange Commission of Pakistan (SECP) has enhanced the capital requirement for the Non-Banking Finance Companies (NBFCs) and categorised NBFCs into two groups/clusters where first group would cover asset management companies (mutual fu
The Securities and Exchange Commission of Pakistan (SECP) has enhanced the capital requirement for the Non-Banking Finance Companies (NBFCs) and categorised NBFCs into two groups/clusters where first group would cover asset management companies (mutual fu
Indonesia may not need to import white sugar next year due to high sugar stocks and an expected increase in domestic output, an industry official said on Thursday.
A Commonwealth ministerial committee on Thursday decided to suspend Pakistan from the 53-nation bloc pending the return of the rule of law following the imposition of emergency earlier this month.
US FOB Gulf soyabean basis offers remained weak on Wednesday due to recent rallies in futures prices, while corn and wheat held steady, traders said. Soyabean export demand remained strong with China still buying additional cargoes from the United States
A Commonwealth ministerial committee on Thursday decided to suspend Pakistan from the 53-nation bloc pending the return of the rule of law following the imposition of emergency earlier this month.
Wheat futures on the Chicago Board of Trade soared nearly 4 percent on Wednesday as technical buying and short-covering ignited a rally in a shortened session ahead of the US Thanksgiving Day holiday, traders and analysts said.
Seed prices of a few items went up on the grain market on Thursday as most of the dealers kept on the sidelines in process of trading, dealers said. Prices moved both ways in the grain market on Wednesday.
Rising trend was again seen in the forward cottonseed oilcake market on Thursday as most of the buyers were active to cover the immediate needs, dealers said. The December vaida commenced with Rs 4.00 gain at Rs 581.00 and closing was seen at the same lev
Spot rate was sharply down on the cotton market on Thursday despite hectic buying by the mills, dealers said. The Karachi Cotton Association (KCA) official spot rate was sharply lower by Rs 75 at Rs 3100, dealers said.
A bearish trend has emerged on the cotton market since the beginning of this week which has reversed the earlier strength of lint prices which was apparent during the previous weeks.
A bearish trend has emerged on the cotton market since the beginning of this week which has reversed the earlier strength of lint prices which was apparent during the previous weeks.
US cocoa futures fell on Wednesday on liquidating long positions after a quiet session of light volume, dealers said. "We're just seeing some light long liquidation after yesterday's move higher. Overall, volume's just light," one trader said.
Spring wheat futures at the Minneapolis Grain Exchange closed up the daily limit in a holiday-shortened session on Wednesday, bolstered by technical buying and spillover strength from the Chicago and Kansas City wheat markets, traders said.
US arabica coffee futures finished lower in quiet trade on Wednesday, as investors locked in profits before the Thanksgiving holiday weekend after on Tuesday's solid gains.
US copper futures fell almost 5 percent on Wednesday, ending near eight-month lows as worries about the economy weakened investor appetite for risk. "It's more of the same," said Eric Wittenauer, futures analyst with A.G. Edwards in St. Louis, Missouri.
US gold futures finished sharply higher for a second straight day on Wednesday on the back of a tumbling dollar, near-record crude oil prices and the speculation that the US Federal Reserve may cut key interest rates again. Volume was thin ahead of the US
Gold firmed and held above $800 an ounce on Thursday, regaining strength as worries over credit markets and slowing US growth raised its appeal as an alternative investment. Spot gold rose to 804.70/805.40 dollars an ounce from 799.80/800.50 dollars late
Malaysian tumbled 3.3 percent on Thursday to hit a six-week low due to a sharp fall on the London Metal Exchange and a lack of buyers at the price, one dealer said.
Asian physical rubber prices were mostly unchanged on Wednesday as volatility in the Tokyo futures market sent most players to the sidelines. "The market is uncertain because of supply, which depends on the weather, also because the Tokyo market is very v
Oil held firm above $97 a barrel on Thursday, after a big build in stocks at a key US storage hub knocked prices off a record high near $100. US light crude for January delivery gained 25 cents to $97.54 a barrel. Oil ended 74 cents lower a day ago after
Industrial metals in Shanghai pared losses on Thursday's close after copper fell by its 4 percent daily limit and zinc plunged on fears of a slowdown in the US economy. The Shanghai Futures Exchange had prepared itself for a bloodbath in zinc, raising the
Chicago Board of Trade rough rice futures closed higher on Wednesday on a pre-holiday bounce in light trade during the shortened session, traders said. CBOT markets closed at noon CST (1800 GMT) before the US Thanksgiving holiday. They will reopen on Thur
Raw sugar futures finished slightly firmer on Wednesday on buying by small speculators as the prospect of a long holiday weekend knocked most major players out of the ring, brokers said. The sugar market will be shut on Thursday and Friday, November 22 an
Chicago Board of Trade soyabean futures ended lower on Wednesday on profit taking before the US Thanksgiving holiday, traders said. The market was poised for a setback after notching a 19-year top this week. But trade was mixed and choppy during the short
Tokyo rubber futures reversed losses to close higher on Thursday, bolstered by late short covering mainly by day traders as the dollar recovered against the yen. The April 2008 rubber futures contract on the Tokyo Commodity Exchange ended at 273.9 yen per
A certification process, which enables palm oil producers meeting stringent environment standards to label their products as eco-friendly, was launched on Thursday. Palm oil companies that meet the criteria set by an industry-led initiative, the Round Tab
Inflation in Hong Kong has risen to 3.2 percent in October driven by rising food and oil prices, a weakening US dollar and an appreciation of the Chinese currency, the government said Thursday. Consumer prices rose 1.6 percent in September.
The European Union said on Thursday it was "glued" to an ambitious project to pipe gas from the Caspian to Europe through Turkey, as Russia and Italy moved ahead with a 10 billion euro ($14.8 billion) rival scheme.
Eurozone industrial new orders came in well below expectations in September, hit by dips in chemicals and metals, and economists warned of a sharp growth slowdown next year as record euro strength takes its toll.