News Archives for Print - 2008-07-10

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Wednesday (July 09, 2008).

Published 10 Jul, 2008 12:00am

Body formed to probe CNG price scam

The government has constituted a three-member committee, headed by Finance Minister Naveed Qamar, to conduct probe into the compressed natural gas (CNG) price fraud. Members of the committee are Secretary Finance and Secretary Petroleum and Natural Resour

Published 10 Jul, 2008 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (July 09, 2008).

Published 10 Jul, 2008 12:00am

Trade deficit widens to $20.7 billion in fiscal year 2008

Pakistan annual trade deficit for 2007-08 closed at $20.745 billion, which is 52.92 percent more over $13.563 billion for 2006-07 because of food import bill and steep increase in prices of crude oil in the global market. Official figures released by the

Published 10 Jul, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (July 09, 2008).

Published 10 Jul, 2008 12:00am

Trade deficit widens to $20.7 billion in fiscal year 2008

Pakistan annual trade deficit for 2007-08 closed at $20.745 billion, which is 52.92 percent more over $13.563 billion for 2006-07 because of food import bill and steep increase in prices of crude oil in the global market. Official figures released by the

Published 10 Jul, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (July 09, 2008).

Published 10 Jul, 2008 12:00am

Trade deficit widens to $20.7 billion in fiscal year 2008

Pakistan annual trade deficit for 2007-08 closed at $20.745 billion, which is 52.92 percent more over $13.563 billion for 2006-07 because of food import bill and steep increase in prices of crude oil in the global market. Official figures released by the

Published 10 Jul, 2008 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 (July 09, 2008).

Published 10 Jul, 2008 12:00am

Selection of cases for audit: FBR decides to curtail ITRC''s powers

The Federal Board of Revenue (FBR) has decided to suspend implementation of section 177 of Income Tax Ordinance 2001 to restrain field formations from selecting cases for audit, ensuring effective taxpayer''s audit under the new national audit plan and ma

Published 10 Jul, 2008 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 (July 09, 2008).

Published 10 Jul, 2008 12:00am

Selection of cases for audit: FBR decides to curtail ITRC's powers

The Federal Board of Revenue (FBR) has decided to suspend implementation of section 177 of Income Tax Ordinance 2001 to restrain field formations from selecting cases for audit, ensuring effective taxpayer's audit under the new national audit plan and man

Published 10 Jul, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (July 09, 2008).

Published 10 Jul, 2008 12:00am

Selection of cases for audit: FBR decides to curtail ITRC's powers

The Federal Board of Revenue (FBR) has decided to suspend implementation of section 177 of Income Tax Ordinance 2001 to restrain field formations from selecting cases for audit, ensuring effective taxpayer's audit under the new national audit plan and man

Published 10 Jul, 2008 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 10 Jul, 2008 12:00am

Steel products'' prices raised upto Rs 8,400 per ton

Pakistan Steel has raised the prices of hot rolled coil, cold rolled coil, pig iron and other products by Rs 1,200 to Rs 8,400 per ton, sources said.

Published 10 Jul, 2008 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 10 Jul, 2008 12:00am

Steel products' prices raised upto Rs 8,400 per ton

Pakistan Steel has raised the prices of hot rolled coil, cold rolled coil, pig iron and other products by Rs 1,200 to Rs 8,400 per ton, sources said.

Published 10 Jul, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (July 09, 2008).

Published 10 Jul, 2008 12:00am

Steel products' prices raised upto Rs 8,400 per ton

Pakistan Steel has raised the prices of hot rolled coil, cold rolled coil, pig iron and other products by Rs 1,200 to Rs 8,400 per ton, sources said.

Published 10 Jul, 2008 12:00am

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 10 Jul, 2008 12:00am

Iran angers United States

Iran on Wednesday test-fired a missile it said is capable of reaching Israel, angering the United States amid growing fears that the stand-off over the contested Iranian nuclear drive could lead to war. The Shahab-3 was among a broadside of nine missiles

Published 10 Jul, 2008 12:00am

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 10 Jul, 2008 12:00am

Iran angers United States

Iran on Wednesday test-fired a missile it said is capable of reaching Israel, angering the United States amid growing fears that the stand-off over the contested Iranian nuclear drive could lead to war. The Shahab-3 was among a broadside of nine missiles

Published 10 Jul, 2008 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 10 Jul, 2008 12:00am

Rich nations pledge action on food, oil, but deadlock on climate

Leaders of the world''s eight top industrial powers wrapped up a summit Wednesday with pledges to act on soaring oil and food prices, but failed to bridge deep differences with poor nations on how to fight climate change.

Published 10 Jul, 2008 12:00am

India allows duty-free cotton imports

India has scrapped import duty on raw cotton and withdrawn export incentives to boost domestic stocks, the government said on Wednesday, raising the prospect of higher imports and lower prices. Trade officials said local prices, which have surged more tha

Published 10 Jul, 2008 12:00am

Rich nations pledge action on food, oil, but deadlock on climate

Leaders of the world's eight top industrial powers wrapped up a summit Wednesday with pledges to act on soaring oil and food prices, but failed to bridge deep differences with poor nations on how to fight climate change.

Published 10 Jul, 2008 12:00am

US copper down

US copper futures closed at their lowest level since mid-June on Tuesday as the red metal's pull-back from last week's hurdle of $4 a lb intensified once key chart points were broken, dealers said. Copper for September delivery ended down 15.25 cents or n

Published 10 Jul, 2008 12:00am

Rich nations pledge action on food, oil, but deadlock on climate

Leaders of the world's eight top industrial powers wrapped up a summit Wednesday with pledges to act on soaring oil and food prices, but failed to bridge deep differences with poor nations on how to fight climate change.

Published 10 Jul, 2008 12:00am

US rice futures higher

US rough rice futures on the Chicago Board of Trade ended mostly higher Tuesday on a technical bounce after Monday's limit-down close, traders said. The deferred months recovered late on slipover buying from corn, which closed down but off its lows. Howev

Published 10 Jul, 2008 12:00am

World Bank refuses to fund free energy savers plan

The World Bank has refused to finance the government plan to distribute free energy savers among the consumers of Pakistan Electric Power Company (Pepco), well-placed sources told Business Recorder. The project was approved by caretaker Prime Minis

Published 10 Jul, 2008 12:00am

Tokyo rubber down

Tokyo rubber futures closed down 0.5 percent on Wednesday, trimming losses following a slide to a one-month low after crude oil prices rallied on reports that Iran had test-fired missiles. The key Tokyo Commodity Exchange rubber contract for December deli

Published 10 Jul, 2008 12:00am

World Bank refuses to fund free energy savers plan

The World Bank has refused to finance the government plan to distribute free energy savers among the consumers of Pakistan Electric Power Company (Pepco), well-placed sources told Business Recorder. The project was approved by caretaker Prime Minis

Published 10 Jul, 2008 12:00am

New York sugar settles firm on short-covering

Raw sugar futures relied on late investment short-covering to finish higher Tuesday and the market is seen consolidating after its sharp sell-off in the prior session, brokers said. The benchmark October raw sugar contract gained 0.23 cent to end at 13.75

Published 10 Jul, 2008 12:00am

World Bank refuses to fund free energy savers plan

The World Bank has refused to finance the government plan to distribute free energy savers among the consumers of Pakistan Electric Power Company (Pepco), well-placed sources told Business Recorder. The project was approved by caretaker Prime Minis

Published 10 Jul, 2008 12:00am

US soya slides

Soybean futures on the Chicago Board of Trade fell on Tuesday on continued pressure from favourable crop weather for the US Midwest, traders said. But the market recovered from its early lows as it became oversold after Monday's limit down move and more s

Published 10 Jul, 2008 12:00am

Harassment of pesticides companies flayed

Engr Javed Saleem Qureshi has said that pesticide industry is currently passing through crisis and the higher authorities should take measures to end manufacturing of fake products in the country. While addressing the 'Importers and Distributors Conferenc

Published 10 Jul, 2008 12:00am

Malaysian palm oil recovers

Malaysian crude palm oil futures rose 1.8 percent on Wednesday, snapping a four-day losing streak as resurgent crude oil prices brightened global vegetable oil markets. But gains were tempered by fears of a supply build-up and expectations of slow demand

Published 10 Jul, 2008 12:00am

Bankers concerned at rising tax burden

Leading bankers have expressed their serious concern over the rising tax burden on the banking sector. Federal Finance Minister Naveed Qamar held an interactive session with presidents and chief executives of different commercial banks and office bearers

Published 10 Jul, 2008 12:00am

Gold rebounds in Asia market

Gold regained ground on Wednesday as speculators resurfaced on news that Iran had test- fired nine long- and medium-range missiles, lifting the metal's safe-haven appeal in times of uncertainty.

Published 10 Jul, 2008 12:00am

Bankers concerned at rising tax burden

Leading bankers have expressed their serious concern over the rising tax burden on the banking sector. Federal Finance Minister Naveed Qamar held an interactive session with presidents and chief executives of different commercial banks and office bearers

Published 10 Jul, 2008 12:00am

Oil rebounds by $1 on Iran missile test

Oil rose a dollar on Wednesday, recovering from a more than $5 fall a day ago, after Iranian state media reported that the country had test-fired missiles that could reach Israel and US bases in the region. US light crude for August delivery earlier rose

Published 10 Jul, 2008 12:00am

Bankers concerned at rising tax burden

Leading bankers have expressed their serious concern over the rising tax burden on the banking sector. Federal Finance Minister Naveed Qamar held an interactive session with presidents and chief executives of different commercial banks and office bearers

Published 10 Jul, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 83,879 tonnes of cargo including 41,782 tonnes of import, 42,097 tonnes of export cargo and 3,783 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Wednesday.

Published 10 Jul, 2008 12:00am

US corn futures fall

US corn futures on the Chicago Board of Trade fell on Tuesday amid better crop weather in the US Midwest, improved US crop conditions and falling crude oil, traders said. But the market recovered some, closing off its early lows. The market was technicall

Published 10 Jul, 2008 12:00am

Sun oil prices adjusting to lower level

Global sunflower oil prices are currently adjusting from the high level seen in the last year to a long period of weakness, Hamburg-based oilseeds analysts Oil World said on Tuesday. "The sunoil market is in transition," it said. "It is indeed a challenge

Published 10 Jul, 2008 12:00am

Indonesian crude palm oil prices rebound

Indonesia crude palm oil prices rebounded on Wednesday, lifted by gains in the Malaysian market and firm demand, dealers said. In Jakarta, the state marketing centre sold crude palm oil at 8,903 rupiah ($0.971) a kg, up from 8,861 rupiah a kg on Tuesday.

Published 10 Jul, 2008 12:00am

Kenyan tea prices mixed

Kenyan tea prices were mixed at this week's auction, with some firming due to improved quality, traders said on Wednesday. Mombasa-based Africa Tea Brokers (ATB) said 93,241 packages were offered for sale, with 10,840 unsold. At last week's sale 100,830 p

Published 10 Jul, 2008 12:00am

Bangladesh tea prices fall

The average price of Bangladesh teas fell 4.5 percent to 133.64 taka ($1.95) per kg on lower overseas demand at the weekly auction on Tuesday, brokers said. More than 1.5 million kg were sold at 133.64 taka per kg on average, down 6.24 taka from the last

Published 10 Jul, 2008 12:00am

US Midwest soya bids fall

Spot basis bids for soyabeans fell at river locations around the US Midwest on Tuesday while corn bids rose along waterways, grain dealers said. Cash bids for both commodities were mostly steady at interior processors and elevators. Farmer selling was mos

Published 10 Jul, 2008 12:00am

Indonesia's Timah tin sales down 21 percent

Sales of refined tin from Indonesia's PT Timah, the world's largest integrated tin miner, fell 21 percent in the first six months of 2008 from a year ago on tight raw material supplies, the company said on Wednesday. The company sold about 24,000 tonnes o

Published 10 Jul, 2008 12:00am

US wheat futures narrowly mixed

US wheat futures closed narrowly mixed on Tuesday, supported by technical buying and short-covering while corn, soybeans and most other commodities posted sharp declines, traders said.

Published 10 Jul, 2008 12:00am

Firmness prevails on cotton market

Firmness prevailed on the cotton market on Wednesday as in most parts of Punjab rains started again and may help to stabilise rates in the coming days, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3650, dealers

Published 10 Jul, 2008 12:00am

Rates stay put on grain market

Firmness prevailed on the grain market on Wednesday as most of the items hold the overnight levels in process of trading, dealers said. On the cereal side, Barley Sindh and Mardan quoted higher at Rs 2300-2350, other commodities did not move any side in p

Published 10 Jul, 2008 12:00am

Raw rubber prices up on Jodia Bazaar

The trading on raw rubber Ceylon moved up on Jodia Bazaar here on Wednesday.

Published 10 Jul, 2008 12:00am

MTN, Reliance extend exclusive talks

South African mobile phone operator MTN Group and India's Reliance Communications have extended exclusive talks on a potential combination to create a top-10 global telecom group.

Published 10 Jul, 2008 12:00am

Top EADS manager held in insider trading probe

A former top Airbus executive and current head of a German EADS subsidiary, Andreas Sperl, was detained for questioning in France on Wednesday over alleged insider trading at EADS, sources close to the case said.

Published 10 Jul, 2008 12:00am

Japan's machine orders grow 10 times forecast pace

Japan's core machinery orders rose 10 times faster than forecast in May as companies led by steel and semiconductor makers planned more spending on equipment instead of cutting back to cope with rising raw material costs.

Published 10 Jul, 2008 12:00am

IMF gloomy on growth, warns on inflation

It is hard to know how far the global financial crisis still has to run, with the extent of further credit losses hinging on what happens to the US housing sector, IMF chief Dominique Strauss-Kahn said on Wednesday. "What is sure is that the consequences

Published 10 Jul, 2008 12:00am

ECB still worried about inflation despite rate rise

European Central Bank policymakers said they were still worried about inflation despite last week's interest rate rise, and insisted they were committed to keeping prices under control. Mario Draghi, who heads the Bank of Italy, said the ECB's first inter

Published 10 Jul, 2008 12:00am

Gulf Arab banks top second quarter profit forecasts

Gulf Arab banks topped forecasts for second-quarter profit growth on Wednesday as a regional economic boom fuelled by high oil prices and low interest rates drove demand for credit. Governments and private investors are pouring billions of dollars into in

Published 10 Jul, 2008 12:00am

Gulf Arab banks top second quarter profit forecasts

Gulf Arab banks topped forecasts for second-quarter profit growth on Wednesday as a regional economic boom fuelled by high oil prices and low interest rates drove demand for credit. Governments and private investors are pouring billions of dollars into in

Published 10 Jul, 2008 12:00am

Iran says G8 to blame for high oil price

Iran's Opec governor said on Wednesday the oil market was saturated and blamed policies of the Group of Eight (G8) rich countries for a price surge, the state broadcaster reported on its website. Oil prices hit a record highs last week above $145 a barrel

Published 10 Jul, 2008 12:00am

Leaders hail softer Brazil, France stance on Doha

The momentum for a global trade deal is building with the presidents of Brazil and France both expressing greater urgency than before, world leaders said on Wednesday at a summit in Japan.

Published 10 Jul, 2008 12:00am

LSE revenue up eight percent

First-quarter revenues at the London Stock Exchange Group rose 8 percent thanks to buoyant information and settlement services, the group said on Wednesday, sending its shares up nearly 9 percent. But revenue from issuance and trading remained roughly fla

Published 10 Jul, 2008 12:00am

Kazakhstan starts building gas pipeline to China

Kazakhstan joined construction of a pan-Central Asia pipeline on Wednesday, a major project to link up Caspian Sea gas reserves with energy-hungry China. The pipeline is the first significant independent gas link connecting the former Soviet region with e

Published 10 Jul, 2008 12:00am

Ho's sister fails in Hong Kong court bid to block casino IPO

The estranged sister of Macau billionaire Stanley Ho on Wednesday lost her last-minute legal bid to block the public listing of his casino firm, court documents showed. Winnie Ho had applied for a full review of decisions by the Hong Kong Stock Exchange a

Published 10 Jul, 2008 12:00am

Australian consumer confidence hits 16-year low

A key measure of Australian consumer confidence fell to 16-year lows in July as record petrol prices and a sliding share market hurt family finances, in just the latest sign of spreading economic weakness. Other government data out on Wednesday showed dem

Published 10 Jul, 2008 12:00am

Chinese consumer confidence weakens in second quarter

China's consumer confidence index fell to 94.1 points in the second quarter, down 0.7 points from the first quarter, amid concerns about inflation and a slowing economy, the National Bureau of Statistics said on Wednesday. It was the third consecutive qua

Published 10 Jul, 2008 12:00am

Renault warns on 2008 sales as auto woes widen

France's Renault joined the ranks of European automakers bracing for a slower-than-expected 2008 on Wednesday as it warned its sales growth goal of 10 percent could be cut in half. The launches of its Laguna executive model and Koleos sports utility vehic

Published 10 Jul, 2008 12:00am

European construction sector headed for sharp slowdown: Ifo

The European construction sector is headed for a sharp slowdown likely to last until 2010, a leading German think-tank said Tuesday. "After a clear growth in construction activity in the past two years, a perceptible weakening will likely mark the Europea

Published 10 Jul, 2008 12:00am

Russia talks to UBS on sovereign wealth management

The Russian government is in talks with UBS and other Swiss banks on the management of its two oil wealth funds which total $163 billion, Deputy Finance Minister Dmitry Pankin said on Tuesday.

Published 10 Jul, 2008 12:00am

Russia talks to UBS on sovereign wealth management

The Russian government is in talks with UBS and other Swiss banks on the management of its two oil wealth funds which total $163 billion, Deputy Finance Minister Dmitry Pankin said on Tuesday.

Published 10 Jul, 2008 12:00am

France tells Brazil it wants trade deal: Brown

French President Nicolas Sarkozy made clear on Wednesday that he wants a breakthrough in world trade talks and appealed to Brazil to help strike a deal, British Prime Minister Gordon Brown said.

Published 10 Jul, 2008 12:00am

French, German exports sink as eurozone splutters

French and German exports fell markedly in May as the eurozone's two biggest economies felt the full force of the global slowdown and faced the prospect of stagnation. Germany's trade surplus narrowed more than expected in May, falling to its lowest level

Published 10 Jul, 2008 12:00am

More UK housebuilding jobs go in summer gloom

Two of Britain's biggest builders Bovis Homes and Redrow are cutting 40 percent of their workforces, about 750 jobs in total, to cope with the deepening depression in the housing market. The downturn has gathered pace in the past few weeks and now feels "

Published 10 Jul, 2008 12:00am

'Icahn support up if ensures Yahoo price'

Carl Icahn would have more support in his proxy battle against Yahoo Inc if he pledged not to sell the company for less than $33 a share, Legg Mason portfolio manager Bill Miller said on Tuesday. Miller's Legg Mason Capital Management is the third-largest

Published 10 Jul, 2008 12:00am

China's inflation eases to 7.1 percent

China's annual consumer price inflation eased to 7.1 percent in June from 7.7 percent in May, two government sources familiar with the data said on Tuesday. A 7.1 percent reading would be a relief to policy makers, who have identified inflation as their b

Published 10 Jul, 2008 12:00am

EU lawmakers tighten label rules on food colours

European Union lawmakers agreed on Tuesday on compulsory labelling for foods containing certain synthetic dyes, along with a consumer warning that they may cause hyperactivity in children.

Published 10 Jul, 2008 12:00am

Japanese firms to meet Indonesian power company over blackouts

Japanese firms announced Wednesday they will meet Indonesia's electricity monopoly over a power crisis in the Southeast Asian nation they say has lost foreign investors millions of dollars. The Jakarta Japan Club will meet state electricity company PLN on

Published 10 Jul, 2008 12:00am

Polish shipyards closer to collapse after EU talks

Poland's historic shipyards faced an increased risk of bankruptcy on Wednesday after emergency talks between the European Union and Warsaw failed to resolve doubts over massive state aid they had received.

Published 10 Jul, 2008 12:00am

LG Display second quarter net profit surges, faces slowdown ahead

South Korea's LG Display Co Ltd's quarterly net profit more than trebled thanks to strong demand for flat screens, but future earnings will take a hit as the global economic downturn curbs consumer spending. "As high oil prices and the global economic slo

Published 10 Jul, 2008 12:00am

LG Display second quarter net profit surges, faces slowdown ahead

South Korea's LG Display Co Ltd's quarterly net profit more than trebled thanks to strong demand for flat screens, but future earnings will take a hit as the global economic downturn curbs consumer spending. "As high oil prices and the global economic slo

Published 10 Jul, 2008 12:00am

EU drops legal action against Poland over deficit

EU finance ministers dropped disciplinary action against Poland over its public finances Tuesday, finding that Warsaw had sufficiently brought its deficit under control, European officials said.

Published 10 Jul, 2008 12:00am

New Zealand shares rise

New Zealand shares gained 0.53 percent on Wednesday as rises in the US and Australian markets spurred bargain-hunting, dealers said. The NZX-50 gross index rose 16.88 points to close at 3,177.46 on turnover worth 103.2 million New Zealand dollars (77.8 mi

Published 10 Jul, 2008 12:00am

Singapore shares up

Singapore share prices closed 1.07 percent higher on Wednesday as worries about inflation eased, dealers said. The blue chip Straits Times Index was 31.00 points firmer at 2,917.62. Volume totalled 1.14 billion shares worth 1.31 billion Singapore dollars

Published 10 Jul, 2008 12:00am

Hong Kong shares recover 2.8 percent

Hong Kong shares rebounded 2.8 percent on Wednesday, recovering from the previous session's steep fall, after the US Fed said it may keep open a lifeline for Wall Street banks battered by the credit crisis.

Published 10 Jul, 2008 12:00am

US stocks end higher on banks, lower oil

US stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks. Technology and retail c

Published 10 Jul, 2008 12:00am

US longer maturity bond prices up

Longer maturity US Treasuries prices rose on Tuesday as a two-day slide in oil prices eased inflation fears. But the bid for short-term US government debt, typically seen as a safe haven when investors shun riskier assets, was depressed by gains in US sto

Published 10 Jul, 2008 12:00am

US longer maturity bond prices up

Longer maturity US Treasuries prices rose on Tuesday as a two-day slide in oil prices eased inflation fears. But the bid for short-term US government debt, typically seen as a safe haven when investors shun riskier assets, was depressed by gains in US sto

Published 10 Jul, 2008 12:00am

Seoul shares at 14-month low

Seoul shares reversed early gains to fall to a new 14-month low on Wednesday after reports Iran tested missiles fuelled oil supply worries, while a sharply rising won weighed on exporters such as Samsung Electronics. The Korea Composite Stock Price Index

Published 10 Jul, 2008 12:00am

Indian shares soar 4.6 percent

Indian shares surged to close 4.6 percent higher on Wednesday as global markets rebounded, with positive domestic political sentiment also helping, dealers said. The benchmark Mumbai 30-share Sensex index rose 614.61 points to 13,964.26.

Published 10 Jul, 2008 12:00am

Thai share prices decline

Thai shares closed 0.19 percent lower on Wednesday as investors became jittery in the wake of two major court cases that have rocked the country's ruling party, dealers said. They said the bourse rose in the morning, in line with other regional markets, b

Published 10 Jul, 2008 12:00am

Nikkei trims gains on Iran missile test

The Nikkei stock average pared much of its earlier gains to end up 0.2 percent on Wednesday after a report that Iran had test-fired missiles, raising fears about a jump in oil prices on heightened tensions in the region. The Japanese stock market sharply

Published 10 Jul, 2008 12:00am

Malaysian shares jump

Malaysian share prices closed up 1.7 percent on Wednesday due to bargain-hunting in selected blue chips on the back of strong gains on Wall Street, dealers said. But they said fears of rising inflation kept trading volumes low.

Published 10 Jul, 2008 12:00am

Philippines shares finish firmer

Philippines shares closed 1.26 percent higher on Wednesday due to a drop in oil prices and a rebound in the US stock market, dealers said. The composite index rose 30.98 points to 2,481.53 points. The all-share index rose 1.06 percent to 1,565.25 points.

Published 10 Jul, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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