News Archives for Print - 2009-02-14

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Friday (February 13, 2009).

Published 14 Feb, 2009 12:00am

Gold eases in Asia

Gold eased on Friday after rising above $950 an ounce the previous day, but holdings at the world's largest gold-backed exchange-traded fund hit a record as investor buying gained further momentum on economic uncertainties. Spot gold was trading at $943.3

Published 14 Feb, 2009 12:00am

Indian rupee rises

The Indian rupee strengthened on Friday as a weaker dollar overseas prompted banks to cut long positions in the US unit, while gains in the share market triggered hopes for capital inflows. The partially convertible rupee closed at 48.67/68 per dollar, 0.

Published 14 Feb, 2009 12:00am

Gas Company: SUI SOUTHERN GAS COMPANY LIMITED - Analysis of Financial Statements Financial Year 2002- Financial Year 2008

Sui Southern Gas Company (SSGC) is Pakistan's leading integrated gas company. The company is engaged in business of transmission and distribution of natural gas besides construction of high-pressure transmission and low-pressure distribution systems.

Published 14 Feb, 2009 12:00am

Malaysian tin rises

Malaysian tin rose 0.5 percent on Friday on slightly higher London Metal Exchange prices and some buying from Japan, one dealer said.

Published 14 Feb, 2009 12:00am

National tripartite labour conference on Monday

The National Tripartite Labour Conference will be held in Islamabad on Monday to consider problems of employers and the employees. Leaders of Pakistan Workers Confederation, Pakistan Workers Federation, All Pakistan Trade Unions Federation, Mutehida Labou

Published 14 Feb, 2009 12:00am

Rio Tinto shares fall as China deal questioned

Shares in mining giant Rio Tinto fell Friday as analysts and politicians questioned its plan to accept a 19.5 billion US dollar cash injection from China's state-owned aluminium firm Chinalco. Amid uncertainty over how Australian regulatory changes will a

Published 14 Feb, 2009 12:00am

New York cotton futures settle at two-month low

Cotton futures settled Friday at their lowest level in two months on follow-through investor sales but suspected consumer buying pared losses ahead of a holiday break, brokers said. The cotton market will be shut on Monday for Presidents Day. Trading resu

Published 14 Feb, 2009 12:00am

Yen weakens in London

The yen weakened on Friday as hopes of a US government programme to subsidise mortgages boosted world stock markets, while data showing the deepest ever economic contraction in the eurozone hit the euro.

Published 14 Feb, 2009 12:00am

THE RUPEE: dollar up 15 paisa on interbank market

Strong demand for dollars, pushed the rupee down on the interbank market on Friday, losing 15 paisa for buying and selling at 79.60 and 79.65, dealers said. Big payments did not allow the rupee to retain its firmness against the dollar, they said. It seem

Published 14 Feb, 2009 12:00am

Oil rises above $34

Oil prices rose above $34 a barrel on Friday, snapping a five-day losing streak, as a late rally in US equities on news that the government was working on a mortgage plan for troubled homeowners helped lift sentiment. But lingering worries that the global

Published 14 Feb, 2009 12:00am

Three-month euro funding costs hit lifetime low

Bank-to-bank three-month euro funding costs hit their lowest since the 1999 launch of the single currency on Friday, pressured by excess cash in money markets and the prospect of lower official interest rates. Dollar funding costs over three months howeve

Published 14 Feb, 2009 12:00am

Gas Company: SUI SOUTHERN GAS COMPANY LIMITED - Analysis of Financial Statements Financial Year 2002- Financial Year 2008

Sui Southern Gas Company (SSGC) is Pakistan's leading integrated gas company. The company is engaged in business of transmission and distribution of natural gas besides construction of high-pressure transmission and low-pressure distribution systems.

Published 14 Feb, 2009 12:00am

US gold sharply up

US gold futures climbed above the $950 level on Thursday, ignoring a stronger dollar and weaker energy prices as investment buying surged in bullion-backed exchange-traded funds amid economic uncertainties. Gold for April delivery rose $3.70 to $948.20 an

Published 14 Feb, 2009 12:00am

Iesco's shut down notice

According to Islamabad Electric Supply Company (Iesco) press release, power supply will remain suspended due to construction and annual maintenance work as per following schedule.

Published 14 Feb, 2009 12:00am

Finnish December GDP dives, 2009 views darken

Finnish gross domestic product shrank in December by a record 4.8 percent year-on-year, preliminary data showed on Friday, and economists said the accelerating drop pointed to a deep 2009 recession. Economists said the December figures may be revised up w

Published 14 Feb, 2009 12:00am

Copper rises 2.5 percent

Copper rose 2.5 percent on Friday, helped by a US plan to subsidise US mortgages, but further gains were capped by persistent worries about demand. The rise came after four days of falls on disappointment over China's imports and a cool response to US pla

Published 14 Feb, 2009 12:00am

Asian bond spreads widen

Asian bond spreads widened on Friday on worries that a massive US stimulus plan may not be enough to pull the economy out of recession, while an expected global bond issue in Indonesia prompted some selling. The US Congress on Thursday wrapped up a last m

Published 14 Feb, 2009 12:00am

THE RUPEE: dollar up 15 paisa on interbank market

Strong demand for dollars, pushed the rupee down on the interbank market on Friday, losing 15 paisa for buying and selling at 79.60 and 79.65, dealers said. Big payments did not allow the rupee to retain its firmness against the dollar, they said. It seem

Published 14 Feb, 2009 12:00am

Two Irish bank bosses quit in cash transfer row

Two top executives have resigned from Ireland's biggest mortgage provider, in a row about multi-billion euro cash transfers to the now nationalised Anglo Irish bank, the lender said on Friday. In an early morning statement following a lengthy meeting of t

Published 14 Feb, 2009 12:00am

G7 jitters buoy sterling

Sterling was higher on Friday on jitters ahead of the upcoming G7 meeting, with investors weighing up the risk of the currency's weakness being discussed. It pared nearly half of its earlier gains, however, after Lloyds Banking Group announced large impai

Published 14 Feb, 2009 12:00am

All shares index report

The sector-wise all shares index report on Friday (February 13, 2009).

Published 14 Feb, 2009 12:00am

Gold eases in Asia

Gold eased on Friday after rising above $950 an ounce the previous day, but holdings at the world's largest gold-backed exchange-traded fund hit a record as investor buying gained further momentum on economic uncertainties. Spot gold was trading at $943.3

Published 14 Feb, 2009 12:00am

Faiz's 98th birth anniversary observed

Chairman Pakistan Academy of Letters (PAL) Fakhar Zaman has said that academy is working on the biography of Faiz Ahmed Faiz which would be translated in six official languages of United Nation Organisation and Persian. He said that work on this project w

Published 14 Feb, 2009 12:00am

'Great Recession' seen lasting three years: experts

The current recession will last at least three years and possibly longer absent a revival in credit markets, according to investors who specialise in distressed debt and bankruptcy. "This is going to be a three- to four-year disaster," said Michael Psaros

Published 14 Feb, 2009 12:00am

US oil jumps 10 percent on stimulus hopes

US oil jumped 10 percent on Friday on hopes the US economic stimulus package could help pull the economy out of a 14-month recession. The US House of Representatives on Friday approved the $787 billion package of spending and tax cuts and the Senate was e

Published 14 Feb, 2009 12:00am

Asian bond spreads widen

Asian bond spreads widened on Friday on worries that a massive US stimulus plan may not be enough to pull the economy out of recession, while an expected global bond issue in Indonesia prompted some selling. The US Congress on Thursday wrapped up a last m

Published 14 Feb, 2009 12:00am

Gas Company: SUI SOUTHERN GAS COMPANY LIMITED - Analysis of Financial Statements Financial Year 2002- Financial Year 2008

Sui Southern Gas Company (SSGC) is Pakistan's leading integrated gas company. The company is engaged in business of transmission and distribution of natural gas besides construction of high-pressure transmission and low-pressure distribution systems.

Published 14 Feb, 2009 12:00am

Air France reports heavy loss, reduces staff

Europe's biggest airline, Air France-KLM, said on Friday it had plunged into loss and would have to cut jobs and spending while waiting for clearer economic skies ahead. In the final quarter of 2008, the third quarter of the carrier's financial year, the

Published 14 Feb, 2009 12:00am

Yen weakens in London

The yen weakened on Friday as hopes of a US government programme to subsidise mortgages boosted world stock markets, while data showing the deepest ever economic contraction in the eurozone hit the euro.

Published 14 Feb, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (13 February 2009)

Published 14 Feb, 2009 12:00am

Oil rises above $34

Oil prices rose above $34 a barrel on Friday, snapping a five-day losing streak, as a late rally in US equities on news that the government was working on a mortgage plan for troubled homeowners helped lift sentiment. But lingering worries that the global

Published 14 Feb, 2009 12:00am

LHC restricts media from publishing news about judges

The Lahore High Court (LHC) has restricted print and electronic media from publishing and airing news or comments about the judges of superior courts. The court imposed this ban on media while admitting a petition seeking contempt proceedings against a re

Published 14 Feb, 2009 12:00am

BoJ eyes more steps to aid Japanese credit market

The Bank of Japan will discuss further policy steps to ease a corporate financing squeeze, Governor Masaaki Shirakawa said on Friday, as a newspaper reported the central bank may extend its buying of corporate debt.

Published 14 Feb, 2009 12:00am

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1700 GMT.

Published 14 Feb, 2009 12:00am

Friday's early afternoon trade: Wall Street slides

US stocks fell in volatile trading on Friday as financial shares slid after Britain's Lloyds Banking Group posted a wider-than-expected loss, adding to persistent worries about the health of the banking sector. Shares of Bank of America fell 3.2 percent t

Published 14 Feb, 2009 12:00am

Gas Company: SUI SOUTHERN GAS COMPANY LIMITED - Analysis of Financial Statements Financial Year 2002- Financial Year 2008

Sui Southern Gas Company (SSGC) is Pakistan's leading integrated gas company. The company is engaged in business of transmission and distribution of natural gas besides construction of high-pressure transmission and low-pressure distribution systems.

Published 14 Feb, 2009 12:00am

Air France reports heavy loss, reduces staff

Europe's biggest airline, Air France-KLM, said on Friday it had plunged into loss and would have to cut jobs and spending while waiting for clearer economic skies ahead. In the final quarter of 2008, the third quarter of the carrier's financial year, the

Published 14 Feb, 2009 12:00am

Asian bond spreads widen

Asian bond spreads widened on Friday on worries that a massive US stimulus plan may not be enough to pull the economy out of recession, while an expected global bond issue in Indonesia prompted some selling. The US Congress on Thursday wrapped up a last m

Published 14 Feb, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (13 February 2009)

Published 14 Feb, 2009 12:00am

Two Irish bank bosses quit in cash transfer row

Two top executives have resigned from Ireland's biggest mortgage provider, in a row about multi-billion euro cash transfers to the now nationalised Anglo Irish bank, the lender said on Friday. In an early morning statement following a lengthy meeting of t

Published 14 Feb, 2009 12:00am

LHC restricts media from publishing news about judges

The Lahore High Court (LHC) has restricted print and electronic media from publishing and airing news or comments about the judges of superior courts. The court imposed this ban on media while admitting a petition seeking contempt proceedings against a re

Published 14 Feb, 2009 12:00am

Major airlines call for climate deal to include aviation

Four of the world's leading airlines on Thursday called for greenhouse gas emissions from aviation to be included in a new global climate deal. The Aviation Global Deal Group (AGD) said the industry needed a "pragmatic, fair and effective global policy so

Published 14 Feb, 2009 12:00am

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1700 GMT.

Published 14 Feb, 2009 12:00am

Indian shares gain

Indian shares rose 1.78 percent Friday as infrastructure stocks rose on hopes that the government will announce an economic stimulus package in its interim budget next week, dealers said. The benchmark 30-share Sensex index rose 168.91 points to 9,634.74.

Published 14 Feb, 2009 12:00am

All shares index report

The sector-wise all shares index report on Friday (February 13, 2009).

Published 14 Feb, 2009 12:00am

BoE launches scheme to buy corporate debt

The Bank of England launched a scheme on Friday to buy short-term corporate debt, the first stage of a British drive to breathe life into moribund credit markets and stave off the worst effects of recession. The facility enables the BoE to finance firms d

Published 14 Feb, 2009 12:00am

Asian bond spreads widen

Asian bond spreads widened on Friday on worries that a massive US stimulus plan may not be enough to pull the economy out of recession, while an expected global bond issue in Indonesia prompted some selling. The US Congress on Thursday wrapped up a last m

Published 14 Feb, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (13 February 2009)

Published 14 Feb, 2009 12:00am

Air France reports heavy loss, reduces staff

Europe's biggest airline, Air France-KLM, said on Friday it had plunged into loss and would have to cut jobs and spending while waiting for clearer economic skies ahead. In the final quarter of 2008, the third quarter of the carrier's financial year, the

Published 14 Feb, 2009 12:00am

Developing world faces dire consequences from economic crisis: IMF

The International Monetary Fund and the world's big development banks on Friday warned that emerging and developing nations face dire consequences from a growing global economic crisis and will not be able to afford big bailouts to save their financial se

Published 14 Feb, 2009 12:00am

Britain to create 10,000 jobs on former car plant

Proposals to build nearly 1,500 homes and create 10,000 jobs on the site of a former British car plant won approval on Thursday, in a rare glimmer of hope amid the global economic gloom. The 750-million-pound (830-million-euro, 1.1-billion-dollar) 15-year

Published 14 Feb, 2009 12:00am

Firm pound keeps lid on London cocoa

US cocoa and raw sugar futures rose on investor dealings, but a stronger pound kept the lid on London cocoa on Friday, dealers said. Tight cocoa bean supplies were expected to provide support to cocoa, but traders said they were wary of the risks of a fun

Published 14 Feb, 2009 12:00am

European credit spreads mixed

European credit spreads were little changed to slightly wider on Friday, reflecting uncertainty over the effectiveness of a US stimulus plan to revitalise the economy and ahead of a Group of Seven meeting in Rome. By 1610 GMT, the investment-grade Markit

Published 14 Feb, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (13 February 2009)

Published 14 Feb, 2009 12:00am

Opec again cuts oil demand forecast

World oil demand will contract more sharply than expected this year due to the economic crisis, Opec said on Friday, an outlook that may bolster the case for further supply cuts. The Organisation of the Petroleum Exporting Countries said global demand wil

Published 14 Feb, 2009 12:00am

Friday's early afternoon trade: Wall Street slides

US stocks fell in volatile trading on Friday as financial shares slid after Britain's Lloyds Banking Group posted a wider-than-expected loss, adding to persistent worries about the health of the banking sector. Shares of Bank of America fell 3.2 percent t

Published 14 Feb, 2009 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Friday (February 13, 2009).

Published 14 Feb, 2009 12:00am

Air France reports heavy loss, reduces staff

Europe's biggest airline, Air France-KLM, said on Friday it had plunged into loss and would have to cut jobs and spending while waiting for clearer economic skies ahead. In the final quarter of 2008, the third quarter of the carrier's financial year, the

Published 14 Feb, 2009 12:00am

Developing world faces dire consequences from economic crisis: IMF

The International Monetary Fund and the world's big development banks on Friday warned that emerging and developing nations face dire consequences from a growing global economic crisis and will not be able to afford big bailouts to save their financial se

Published 14 Feb, 2009 12:00am

Irish retail sales weak, gloom set to deepen

Irish retail sales remained at a 24-year low in December on a year-on-year basis and economists expect a deepening recession, fears over further job losses and global turmoil to take their toll this year. December retail sales rose 0.5 percent over the mo

Published 14 Feb, 2009 12:00am

Gold slips in London

Gold prices slipped on Friday as fears of financial meltdown receded, but analysts say investors expecting only a brief respite from the maelstrom will carry on piling into the precious metal. Traders said short term investors selling their holdings ahead

Published 14 Feb, 2009 12:00am

European credit spreads mixed

European credit spreads were little changed to slightly wider on Friday, reflecting uncertainty over the effectiveness of a US stimulus plan to revitalise the economy and ahead of a Group of Seven meeting in Rome. By 1610 GMT, the investment-grade Markit

Published 14 Feb, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (13 February 2009)

Published 14 Feb, 2009 12:00am

Fed says bought $1.8 billion in agency debt

The Federal Reserve bought $1.8 billion of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank System on Friday, the New York Fed said on its Website. Dealers submitted $3.7 billion in bids in the auction. The Fed bought agency debt secu

Published 14 Feb, 2009 12:00am

Indian shares gain

Indian shares rose 1.78 percent Friday as infrastructure stocks rose on hopes that the government will announce an economic stimulus package in its interim budget next week, dealers said. The benchmark 30-share Sensex index rose 168.91 points to 9,634.74.

Published 14 Feb, 2009 12:00am

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 14 Feb, 2009 12:00am

BoE launches scheme to buy corporate debt

The Bank of England launched a scheme on Friday to buy short-term corporate debt, the first stage of a British drive to breathe life into moribund credit markets and stave off the worst effects of recession. The facility enables the BoE to finance firms d

Published 14 Feb, 2009 12:00am

Developing world faces dire consequences from economic crisis: IMF

The International Monetary Fund and the world's big development banks on Friday warned that emerging and developing nations face dire consequences from a growing global economic crisis and will not be able to afford big bailouts to save their financial se

Published 14 Feb, 2009 12:00am

Serbia GDP shrinks in fourth quarter, central bank cuts forecast

Serbia's economy shrank three percent year-on-year in the last quarter of 2008, and is now seen growing only 1.5-2.0 percent in 2009 as the impact of the global crisis deepens, the central bank chief said on Friday. The government still has an official fo

Published 14 Feb, 2009 12:00am

US MIDDAY: coffee and cocoa rebound

US cocoa futures rebounded in early trade Friday, the spot contract's first notice day, while arabica coffee futures likewise corrected up from Thursday's near six-week low, traders said. The market will be closed Monday for US Presidents Day, reopening f

Published 14 Feb, 2009 12:00am

Closing stock market indices

Major stock markets outside the United States ended on Friday.

Published 14 Feb, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (13 February 2009)

Published 14 Feb, 2009 12:00am

US consumers, economists unanimously grim

US consumers and professional forecasters have cast off the last remnants of economic optimism, reports showed on Friday, as they confronted the grim reality of a long and deep recession. The US economy will shrink a whopping 5.2 percent in the first quar

Published 14 Feb, 2009 12:00am

European credit spreads mixed

European credit spreads were little changed to slightly wider on Friday, reflecting uncertainty over the effectiveness of a US stimulus plan to revitalise the economy and ahead of a Group of Seven meeting in Rome. By 1610 GMT, the investment-grade Markit

Published 14 Feb, 2009 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Feb, 2009 12:00am

Opec again cuts oil demand forecast

World oil demand will contract more sharply than expected this year due to the economic crisis, Opec said on Friday, an outlook that may bolster the case for further supply cuts. The Organisation of the Petroleum Exporting Countries said global demand wil

Published 14 Feb, 2009 12:00am

US House approves $787 billion stimulus plan

The US House of Representatives on Friday approved a $787 billion package of spending and tax cuts aimed at rescuing the struggling economy and the Senate was expected to vote on the plan later in the day. The compromise plan was approved by a vote of 246

Published 14 Feb, 2009 12:00am

China to launch survey on true jobless picture

China, faced with rising unemployment in the face of the global downturn, is launching a comprehensive survey of the labour market to improve its statistics on joblessness and better inform its policy making. The only official measure of joblessness now i

Published 14 Feb, 2009 12:00am

US MIDDAY: sugar edges up

Raw sugar futures on ICE Futures US at 1317 GMT. The market will be closed Monday for US Presidents Day, with business resuming Tuesday. March raw sugar contract up 0.06 cent at 13.18 cents per lb. Trading from 13.09 to 13.25 cents. Volume at 6,139 lots.

Published 14 Feb, 2009 12:00am

FTSE lower as banks drag down

Britain's leading share index ended down 0.3 percent on Friday, led by banks dragged down by Lloyds Banking Group's plunge on a worse-than-expected loss at its HBOS unit, while oil stocks offered some support. The FTSE 100 closed 12.65 points lower at 4,1

Published 14 Feb, 2009 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Friday (February 13, 2009).

Published 14 Feb, 2009 12:00am

UK and Poland top dirty coal list, closures loom

Britain, Poland, Spain, France and Romania top the list of countries that will have to retire coal-fired power stations by 2015 to comply with European Union acid rain laws, European Commission data shows. The EU adopted laws in 2001 aimed at curbing emis

Published 14 Feb, 2009 12:00am

European credit spreads mixed

European credit spreads were little changed to slightly wider on Friday, reflecting uncertainty over the effectiveness of a US stimulus plan to revitalise the economy and ahead of a Group of Seven meeting in Rome. By 1610 GMT, the investment-grade Markit

Published 14 Feb, 2009 12:00am

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 14 Feb, 2009 12:00am

Fed says bought $1.8 billion in agency debt

The Federal Reserve bought $1.8 billion of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank System on Friday, the New York Fed said on its Website. Dealers submitted $3.7 billion in bids in the auction. The Fed bought agency debt secu

Published 14 Feb, 2009 12:00am

US House approves $787 billion stimulus plan

The US House of Representatives on Friday approved a $787 billion package of spending and tax cuts aimed at rescuing the struggling economy and the Senate was expected to vote on the plan later in the day. The compromise plan was approved by a vote of 246

Published 14 Feb, 2009 12:00am

China must push harder on rebalancing: World Bank

China must move more aggressively to rebalance its economy away from industry and investment and towards services and consumption, particularly with growth slowing, the World Bank said on Thursday.

Published 14 Feb, 2009 12:00am

US MIDDAY: soya slides

Chicago Board of Trade March soybeans were down 10 cents a bushel at $9.58-1/2 near midday Friday on easing concerns about the Argentine soybean crop, traders said. Argentine benefited from good rains this week with more expected to move through on Monday

Published 14 Feb, 2009 12:00am

Seminar on breast cancer today

A seminar on 'Awareness of breast cancer' will be organised at the Jinnah University for Women (JUW) here on February 14. An announcement of the institution on Friday said that the moot is being held under the auspices of the Department of Pharmacy of the

Published 14 Feb, 2009 12:00am

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 14 Feb, 2009 12:00am

German lower house approves new stimulus package

Germany's lower house of parliament on Friday approved a record 50-billion-euro (65-billion-dollar) stimulus package, as the country faced its worst recession in decades. The measure, the second of its kind in three months, sailed through the Bundestag, w

Published 14 Feb, 2009 12:00am

Closing stock market indices

Major stock markets outside the United States ended on Friday.

Published 14 Feb, 2009 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Feb, 2009 12:00am

US consumers, economists unanimously grim

US consumers and professional forecasters have cast off the last remnants of economic optimism, reports showed on Friday, as they confronted the grim reality of a long and deep recession. The US economy will shrink a whopping 5.2 percent in the first quar

Published 14 Feb, 2009 12:00am

US House approves $787 billion stimulus plan

The US House of Representatives on Friday approved a $787 billion package of spending and tax cuts aimed at rescuing the struggling economy and the Senate was expected to vote on the plan later in the day. The compromise plan was approved by a vote of 246

Published 14 Feb, 2009 12:00am

Swiss producer, import prices fall

Lower oil prices pushed down combined Swiss producer and import prices in January, raising the possibility of an interest rate cut to keep consumers spending and stave off the threat of deflation. Swiss producer and import prices fell 0.9 percent in Janua

Published 14 Feb, 2009 12:00am

US MIDDAY: copper higher

US copper futures gained some ground at the open on Friday, with sentiment buoyed by a government plan to stabilise the housing market and pass a $789 billion economic stimulus plan. US commodity markets will be closed on Monday, February 16, for the US P

Published 14 Feb, 2009 12:00am

EDB finalises outline for electronic policy

Engineering Development Board (EDB) here on Friday has finalised the outline for electronic policy to address the issues faced by the electronic goods manufacturers in the country. Convenor of the Group Mian Muhammad Javed chaired the meeting. EDB Chief E

Published 14 Feb, 2009 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Feb, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 14	277.83
USD PKR Interbank Buying / Nov 14	277.63
USD to Japanese Yen / Nov 14	155.86
USD to Swiss Franc / Nov 14	0.89
Pound Sterling to USD / Nov 14	1.27
Euro to USD / Nov 14	1.06

Stock	Volume
S&P 500 / Nov 13	5,985.38
Nasdaq / Nov 13	19,230.72
Dow Jones / Nov 13	43,958.19
India Sensex / Nov 14	77,517.41
Tokyo Nikkei / Nov 14	38,680.99
Hang Seng / Nov 14	19,503.42
FTSE 100 / Nov 14	8,042.72
Germany DAX 30 / Nov 14	19,122.26

Item	Value
Gold 10 Grams PKR / Nov 12	231,911
Karachi Cotton PKR/37.32 KG / Nov 13	18,085
Crude Oil USD/Barrel / Nov 14	67.97
Gold Spot USD/Ounce / Nov 14	2,558.37
Cotton US¢/pound / Nov 14	71.10
Petrol/Litre / Nov 15	248.38

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▼ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▼ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▼ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▲ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▲ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▲ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 15 Worldcall Telecom Limited(WTL)	43,291,848 ▲ 0.00
Waves Home Appliances / Nov 15 Waves Home Appliances Limited(WAVESAPP)	33,201,636 ▲ 0.00
Pak Refinery / Nov 15 Pakistan Refinery Limited(PRL)	31,524,926 ▲ 0.00
K-Electric Ltd. / Nov 15 K-Electric Limited(KEL)	27,455,465 ▲ 0.00
Pak Elektron / Nov 15 Pak Elektron Limited(PAEL)	26,996,630 ▲ 0.00
Sui South Gas / Nov 15 Sui Southern Gas Company Limited(SSGC)	26,013,918 ▲ 0.00
The Searle Co. / Nov 15 The Searle Company Limited(SEARL)	25,704,933 ▲ 0.00
Pak Int.Bulk / Nov 15 Pakistan International Bulk Terminal(PIBTL)	23,694,836 ▲ 0.00
Secure Logistics / Nov 15 Secure Logistics Group Limited(SLGL)	23,623,241 ▲ 0.00

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