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Print - 2008-07-20
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
THE RUPEE: dollar, euro turn lower on currency market

THE RUPEE: dollar, euro turn lower on currency market

Firmness prevailed on the currency market on Saturday as the rupee strengthened versus dollar and euro, dealers said. On the inter-bank market, the rupee rose by 50 paisa in relation to the US currency for buying and selling at 70.50 and 70.60, they said.
Published 20 Jul, 2008 12:00am
THE RUPEE: dollar, euro turn lower on currency market

THE RUPEE: dollar, euro turn lower on currency market

Firmness prevailed on the currency market on Saturday as the rupee strengthened versus dollar and euro, dealers said. On the inter-bank market, the rupee rose by 50 paisa in relation to the US currency for buying and selling at 70.50 and 70.60, they said.
Published 20 Jul, 2008 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from July 21, 2008.

Published 20 Jul, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from July 21, 2008.

Published 20 Jul, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from July 21, 2008.

Published 20 Jul, 2008 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 19, 2008).
Published 20 Jul, 2008 12:00am
Bill buying rates per unit of currency

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 Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (July 19, 2008).

Published 20 Jul, 2008 12:00am
Barclays bid rates and maximum rates for payment of interest

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 20 Jul, 2008 12:00am
State Bank of Pakistan conversion rates

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 20 Jul, 2008 12:00am
Rapeseed sheds heavily on grain market

Rapeseed sheds heavily on grain market

Rice prices held the overnight levels on the grain market on Saturday. Some items traded were mostly lower in process of modest trading, dealers said. Most of the changes were seen on the seed side as rapeseed Mirpurlane low type turned lower by Rs 325 to
Published 20 Jul, 2008 12:00am
Plastic mouldings down on Jodia Bazaar

Plastic mouldings down on Jodia Bazaar

The trading in plastic moulding compounds closed down on Jodia Bazaar here on Saturday. The following variations were seen.
Published 20 Jul, 2008 12:00am
Burkina launches Monsanto GMO cotton to boost crop

Burkina launches Monsanto GMO cotton to boost crop

Cotton farmers in Burkina Faso will soon be planting genetically modified seeds that could boost output and cut costs after the government became the first in West Africa to approve GMO cotton for general use this week. Bt cotton, developed by US farming
Published 20 Jul, 2008 12:00am
New York sugar down on profit-taking

New York sugar down on profit-taking

Raw sugar futures settled on Friday at a three-week low on follow-through investment fund sales and the market's weak tone could lead to further declines into next week, brokers said. The October raw sugar contract fell 0.22 cent or 2.1 percent to finish
Published 20 Jul, 2008 12:00am
US copper futures drift lower

US copper futures drift lower

US copper futures closed lower on Friday after a significant build in weekly Shanghai warehouse stocks reinforced fears of a demand slowdown in the world's top consumer of industrial metals. Copper for September delivery settled down 4.60 cents at $3.6690
Published 20 Jul, 2008 12:00am
Australian grain: growers desert futures over crop risk

Australian grain: growers desert futures over crop risk

Uncertainty about Australia's wheat crop is keeping the country's growers from hedging their production, despite good prices, brokers say. "There's a lack of grower selling," said Pat Cogswell of major commodities futures broker MF Global. "They're unwill
Published 20 Jul, 2008 12:00am
Indonesian coffee decline

Indonesian coffee decline

Indonesian coffee exporters offered lower discounts this week on easing supplies after falling prices prompted farmers to hold stocks and as the main harvest draws to a close, dealers said on Friday. Indonesian exporters offered a discount of $150 a tonne
Published 20 Jul, 2008 12:00am
US gold lower, lacks safe-haven buying

US gold lower, lacks safe-haven buying

US gold futures ended 1.3 percent lower on Friday as signs of stability in financial markets lessened bullion's safe-haven appeal, but gold's long-term trend remained bullish, analysts said.
Published 20 Jul, 2008 12:00am
US soyabean futures dive

US soyabean futures dive

US soybean futures on the Chicago Board of Trade tumbled on Friday in reaction to Argentina repealing its soy export tax hike, traders said. "By revoking the tax, the assumption now is that Argentine bean output will increase and that exports will also in
Published 20 Jul, 2008 12:00am
US grains weak on commods sell off, soy rebounds

US grains weak on commods sell off, soy rebounds

Grain futures were mostly stable or lower on Friday as worries over the weather eased and in line with a broad sell-off in commodities markets. But soybeans recovered slightly after a slump on Thursday. Corn could suffer more losses in the days ahead as c
Published 20 Jul, 2008 12:00am
Nigerian cocoa farms

Nigerian cocoa farms

A good mix of rain and sunshine in Nigeria's main cocoa growing areas in the last month has prolonged the mid-crop and raised hopes of a robust main crop, farmers said on Friday. "So far, rainfall has not been too much or too little, it has been in the ri
Published 20 Jul, 2008 12:00am
Indonesia may cut August palm oil export tax

Indonesia may cut August palm oil export tax

Indonesia may cut the palm oil export tax to 15 percent in August from 20 percent in July on easing global palm oil prices, a senior industry official said on Friday. "The export tax would be lower in August because palm oil prices in Rotterdam are easing
Published 20 Jul, 2008 12:00am
Oil prices ease after steep plunge on demand worries

Oil prices ease after steep plunge on demand worries

Oil prices ended the week on a bearish note, falling more than 16 dollars in a week, on worries over economic growth and slowing demand. New York's main oil contract, light sweet crude for August delivery, slipped 41 cents to close at 128.88 dollars per b
Published 20 Jul, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 137,500 tonnes of cargo including 111,160 tonnes of import, 26,340 tonnes of export cargo and 3,794 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Saturday.
Published 20 Jul, 2008 12:00am
Canadian canola futures hit six-week lows

Canadian canola futures hit six-week lows

Canadian canola futures hit six-week lows on Friday as good growing conditions for US soyabeans pressured vegetable oil markets, and as funds continued to liquidate long positions in canola, traders said. "These fancy prices are not holding. We're coming
Published 20 Jul, 2008 12:00am
US corn futures fall to seven-week low

US corn futures fall to seven-week low

US corn futures on the Chicago Board of Trade sank to a seven-week low on Friday as favourable weather for pollination and a big drop in soybeans weighed on prices, traders said. Corn prices have fallen nearly 20 percent since making a record top above $8
Published 20 Jul, 2008 12:00am
US wheat futures down

US wheat futures down

US wheat futures on the Chicago Board of Trade closed lower on Friday, after volatile session that saw prices rally then fall, as a big global wheat crop continued to weigh on prices, traders said. Falling corn and soyabeans also weighed on the wheat mark
Published 20 Jul, 2008 12:00am
Siemens to close Czech rolling stock plant

Siemens to close Czech rolling stock plant

Siemens, the German engineering group, may shut down one of its transportation-division plants in the Czech Republic with a loss of 1,000 jobs, sources said Saturday in Munich. They said the rolling-stock plant in Prague had been earmarked for sale or clo
Published 20 Jul, 2008 12:00am
Toyota to make 100,000 units of hybrid car

Toyota to make 100,000 units of hybrid car

Toyota Motor Corp plans to produce 100,000 units a year of a new hybrid-only model slated for release in 2009 at a subsidiary in southern Japan, the Nikkei business daily reported on Saturday. The new car, which will be Toyota's second dedicated hybrid mo
Published 20 Jul, 2008 12:00am
Gazprom buys 25 percent of DalTransGas

Gazprom buys 25 percent of DalTransGas

Russian gas major Gazprom has agreed to buy a 25 percent stake in gas transport firm DalTransGas from the country's largest oil producer, Rosneft, Gazprom said on Saturday. The acquisition, the price of which was not disclosed, is part of a broader deal b
Published 20 Jul, 2008 12:00am
SEC amends emergency short sale rule

SEC amends emergency short sale rule

US securities regulators have modified an emergency rule aimed at curbing manipulative short-selling in 19 major financial firms including Fannie Mae and Freddie Mac. Facing complaints from financial industry groups and exchanges, the Securities and Excha
Published 20 Jul, 2008 12:00am
WTO banana talks fail to produce deal

WTO banana talks fail to produce deal

Last-ditch talks at the World Trade Organisation (WTO) on Friday late failed to produce a deal in the long-running dispute between Latin American countries and the European Union over EU banana imports. The EU's representative to the WTO said Latin Americ
Published 20 Jul, 2008 12:00am
Thai budget airline suspends services

Thai budget airline suspends services

Thailand's low budget airline One-Two-Go announced Saturday that it was suspending its operations for eight weeks, to allow time for financial restructuring. Services will stop from July 22 until September 15 as the impact of high fuel prices hits the no-
Published 20 Jul, 2008 12:00am
Darling says considering fiscal reform

Darling says considering fiscal reform

Britain's finance minister Alistair Darling said in an interview published on Saturday that he was considering reforming the rules governing public finances and expected the economic downturn to last for years. The Times said Darling confirmed he was cons
Published 20 Jul, 2008 12:00am
Sri Lanka's trade deficit widens

Sri Lanka's trade deficit widens

Sri Lanka's trade deficit for January-May ballooned to $2.58 billion, nearly double the same period last year, due to costly oil imports, the central bank said on Friday. The island nation has been struggling to pay high global oil prices, which have hit
Published 20 Jul, 2008 12:00am
Iraq says new hotel to be investment milestone

Iraq says new hotel to be investment milestone

A US-based investment group laid the foundation stone for a $100 million luxury hotel in Baghdad on Saturday, a move Iraqi officials said showed the country was open for business with violence at a four-year low. The five-star Baghdad Two Rivers hotel pro
Published 20 Jul, 2008 12:00am
US eyes higher premiums to replenish bank fund

US eyes higher premiums to replenish bank fund

Banks holding volatile deposits gathered by third parties may be charged higher premiums to bolster the fund used to insure deposits at failed banks, the head of the Federal Deposit Insurance Corp said on Friday. "I think that is something we need to fact
Published 20 Jul, 2008 12:00am
German business morale seen falling again

German business morale seen falling again

German business sentiment likely deteriorated again this month under the burden of record euro strength and high oil prices, a Reuters poll showed on Friday. A fall in July would follow on from a deterioration in morale in June to its lowest level since D
Published 20 Jul, 2008 12:00am
German finance minister warns against recession talk

German finance minister warns against recession talk

Growth in Europe's biggest economy could beat forecasts for this year and although 2009 will be weaker there should be no talk of recession, German Finance Minister Peer Steinbrueck said on Saturday. In an interview with Welt am Sonntag Steinbrueck warned
Published 20 Jul, 2008 12:00am
Blood donation and baby names US mad for free gas

Blood donation and baby names US mad for free gas

Some US motorists sick of getting clobbered at the pump seem willing to do just about anything for free fuel, from giving up the right to name their children to stealing from day-care centers to donating blood.
Published 20 Jul, 2008 12:00am
Protesting truck drivers form long convoys in Germany

Protesting truck drivers form long convoys in Germany

Fuel price protests reached Germany Saturday, with truck drivers rumbling in long convoys of heavy vehicles along autobahns Saturday to demand cuts in Germany's tax on diesel fuel. Police said the various convoys which converged on a private truck stop at
Published 20 Jul, 2008 12:00am
New Zealand central bank to hold rates next week

New Zealand central bank to hold rates next week

New Zealand's central bank is seen leaving interest rates unchanged at a record 8.25 percent next week, but the decision will be a close call given a need to cope with a rapidly-slowing economy and rampant inflation, a Reuters poll shows.
Published 20 Jul, 2008 12:00am
Canadian dollar rises on firm data

Canadian dollar rises on firm data

The Canadian dollar was higher against the US dollar on Friday morning after Canadian wholesale trade data for May came in stronger than expected, helping boost confidence in the economy. Bond prices fell in response to firmer equities markets and the sol
Published 20 Jul, 2008 12:00am
IMM speculators raise bets against US dollar

IMM speculators raise bets against US dollar

Currency speculators more than doubled their bets against the US dollar in the latest week, data from the Commodity Futures Trading Commission showed on Friday. The value of the US dollar's net short position rose to $20.01 billion in the week to July 15,
Published 20 Jul, 2008 12:00am
Mexico's central bank raises key interest rate

Mexico's central bank raises key interest rate

Mexico's central bank lifted its key interest rate for the second month in a row on Friday to tackle inflation that is running at its fastest pace in more than three years.
Published 20 Jul, 2008 12:00am
Dollar boosted by Citi results in New York

Dollar boosted by Citi results in New York

The dollar rose on Friday, heading for its largest weekly gain versus the euro in a month, after a smaller-than-expected quarterly loss from Citigroup Inc eased worries about the US financial sector. Citi's results added to positive earnings news this wee
Published 20 Jul, 2008 12:00am
Dollar may trade in tight range against euro

Dollar may trade in tight range against euro

The dollar could stay trapped in a tight range versus the euro next week amid a dearth of major US economic data, but German inflation and business sentiment reports could lend a weaker bias, while US bank earnings remain a wild card.
Published 20 Jul, 2008 12:00am
American credit market outlook

American credit market outlook

The credit derivative market, which has ballooned to over $62 trillion to dwarf the underlying debt market, has yet to experience the default of a significant issuer since its rapid growth.
Published 20 Jul, 2008 12:00am
American credit market outlook

American credit market outlook

The credit derivative market, which has ballooned to over $62 trillion to dwarf the underlying debt market, has yet to experience the default of a significant issuer since its rapid growth.
Published 20 Jul, 2008 12:00am
Canadian bonds sag

Canadian bonds sag

The Canadian bond prices, which have been under pressure the past few days, continued to retreat on the wholesale trade data and on stronger Canadian stocks on Friday. The S&P/TSX composite index rose 0.41 percent to 13,515.96 during the session, eating i
Published 20 Jul, 2008 12:00am
Canadian bonds sag

Canadian bonds sag

The Canadian bond prices, which have been under pressure the past few days, continued to retreat on the wholesale trade data and on stronger Canadian stocks on Friday. The S&P/TSX composite index rose 0.41 percent to 13,515.96 during the session, eating i
Published 20 Jul, 2008 12:00am
Mexican stocks fall

Mexican stocks fall

The Mexican benchmark IPC stock index lost 0.16 percent to 28,169.77, dragged down by losses in miners as metals prices fell and weakness at telecommunications giant America Movil ahead of its second-quarter earnings report.
Published 20 Jul, 2008 12:00am
US corporate credit spreads maintain value on banks

US corporate credit spreads maintain value on banks

US corporate credit spreads held value on Friday, after some gains this week on the back of better-than-expected financial earnings. Overall US corporate bonds traded in a range on Friday and were little changed in afternoon trading, while the benchmark i
Published 20 Jul, 2008 12:00am
US corporate credit spreads maintain value on banks

US corporate credit spreads maintain value on banks

US corporate credit spreads held value on Friday, after some gains this week on the back of better-than-expected financial earnings. Overall US corporate bonds traded in a range on Friday and were little changed in afternoon trading, while the benchmark i
Published 20 Jul, 2008 12:00am
US bonds fall on easing credit concerns

US bonds fall on easing credit concerns

US Treasuries prices fell on Friday for the third day in a row as better-than-expected earnings in the bank sector prompted investors to turn away from lower-risk debt. Citigroup Inc, the largest US bank, posted a smaller-than-expected quarterly loss on F
Published 20 Jul, 2008 12:00am
US bonds fall on easing credit concerns

US bonds fall on easing credit concerns

US Treasuries prices fell on Friday for the third day in a row as better-than-expected earnings in the bank sector prompted investors to turn away from lower-risk debt. Citigroup Inc, the largest US bank, posted a smaller-than-expected quarterly loss on F
Published 20 Jul, 2008 12:00am
Argentina's sovereign US dollar-denominated bonds up

Argentina's sovereign US dollar-denominated bonds up

Argentina's sovereign US dollar-denominated bonds rallied on Friday, outperforming by far their emerging market peers, after the government repealed a controversial tax on soy that caused farm protests.
Published 20 Jul, 2008 12:00am
Argentina's sovereign US dollar-denominated bonds up

Argentina's sovereign US dollar-denominated bonds up

Argentina's sovereign US dollar-denominated bonds rallied on Friday, outperforming by far their emerging market peers, after the government repealed a controversial tax on soy that caused farm protests.
Published 20 Jul, 2008 12:00am
IPO view: GT Solar hopes sun will come out next week

IPO view: GT Solar hopes sun will come out next week

GT Solar International Inc's initial public offering, expected to be the largest ever by a US solar company, is facing a surprisingly cloudy outlook. Despite red-hot industry growth, as the price of competing energy sources soars, investors have not shown
Published 20 Jul, 2008 12:00am
Chile stocks rise on utilities

Chile stocks rise on utilities

Chilean electric utilities led stock indexes higher on Friday, buoyed by lower oil prices and in anticipation of second-quarter earnings reports. The all-market IGPA rose 1.09 percent to close at 13,676.88 points, while the blue chip IPSA index advanced 1
Published 20 Jul, 2008 12:00am
Financials, oils give boost to Toronto stocks

Financials, oils give boost to Toronto stocks

The Toronto Stock Exchange's main index pushed higher on Friday, supported by energy shares, while financials were buoyed as another US bank posted better than expected quarterly results. The benchmark trimmed earlier gains as the energy sector - a key pi
Published 20 Jul, 2008 12:00am