AGL 37.00 Decreased By ▼ -1.00 (-2.63%)
AIRLINK 215.90 Increased By ▲ 1.99 (0.93%)
BOP 9.50 Increased By ▲ 0.08 (0.85%)
CNERGY 6.56 Increased By ▲ 0.27 (4.29%)
DCL 8.66 Decreased By ▼ -0.11 (-1.25%)
DFML 41.70 Decreased By ▼ -0.51 (-1.21%)
DGKC 98.61 Increased By ▲ 4.49 (4.77%)
FCCL 36.05 Increased By ▲ 0.86 (2.44%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.20 Increased By ▲ 0.81 (4.94%)
HUBC 126.80 Decreased By ▼ -0.10 (-0.08%)
HUMNL 13.50 Increased By ▲ 0.13 (0.97%)
KEL 5.20 Decreased By ▼ -0.11 (-2.07%)
KOSM 6.99 Increased By ▲ 0.05 (0.72%)
MLCF 44.15 Increased By ▲ 1.17 (2.72%)
NBP 59.53 Increased By ▲ 0.68 (1.16%)
OGDC 221.50 Increased By ▲ 2.08 (0.95%)
PAEL 40.52 Increased By ▲ 1.36 (3.47%)
PIBTL 8.05 Decreased By ▼ -0.13 (-1.59%)
PPL 193.90 Increased By ▲ 2.24 (1.17%)
PRL 38.41 Increased By ▲ 0.49 (1.29%)
PTC 27.00 Increased By ▲ 0.66 (2.51%)
SEARL 104.90 Increased By ▲ 0.90 (0.87%)
TELE 8.62 Increased By ▲ 0.23 (2.74%)
TOMCL 34.91 Increased By ▲ 0.16 (0.46%)
TPLP 13.74 Increased By ▲ 0.86 (6.68%)
TREET 24.90 Decreased By ▼ -0.44 (-1.74%)
TRG 73.50 Increased By ▲ 3.05 (4.33%)
UNITY 33.35 Decreased By ▼ -0.04 (-0.12%)
WTL 1.74 Increased By ▲ 0.02 (1.16%)
BR100 11,997 Increased By 103.5 (0.87%)
BR30 37,244 Increased By 389.4 (1.06%)
KSE100 111,497 Increased By 1074.2 (0.97%)
KSE30 35,079 Increased By 300.8 (0.86%)
Print - 2009-02-24
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (February 23, 2009).

Published 24 Feb, 2009 12:00am
Small hedgies shun code to focus on survival

Small hedgies shun code to focus on survival

Small European hedge funds have been unwilling to sign up to the Hedge Fund Standards Board's (HFSB) voluntary industry code because they are focused on survival, board trustee Christopher Fawcett said. The HFSB has come under fire in the United Kingdom f
Published 24 Feb, 2009 12:00am
US Plains HRW wheat mostly steady

US Plains HRW wheat mostly steady

Spot basis bids for hard red winter wheat in the US Plains were mostly steady Monday, though some firming was noted as farmer selling remained sluggish. The basis in Enid, Oklahoma, was 5 cents a bushel firmer, while other locations were unchanged. The Gu
Published 24 Feb, 2009 12:00am
Profit after tax of MGCL increases to Rs 1663.247 million

Profit after tax of MGCL increases to Rs 1663.247 million

The profit after tax of Mari Gas Company Limited (MGCL) has increased to Rs 1663.247 million in the half year period ended December 31, 2008 as compared to Rs 551.898 million earned in the corresponding period in 2007. The board of directors of the compan
Published 24 Feb, 2009 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (February 23, 2009).

Published 24 Feb, 2009 12:00am
Small hedgies shun code to focus on survival

Small hedgies shun code to focus on survival

Small European hedge funds have been unwilling to sign up to the Hedge Fund Standards Board's (HFSB) voluntary industry code because they are focused on survival, board trustee Christopher Fawcett said. The HFSB has come under fire in the United Kingdom f
Published 24 Feb, 2009 12:00am
Wet February boosts Ivorian cocoa mid crop

Wet February boosts Ivorian cocoa mid crop

Rainfall recordings in Ivory Coast's main cocoa-growing areas for the first three weeks of February were well above last year's levels, analysts said on Monday, boosting hopes for a large mid crop in the top grower. Cocoa farmers have reported abundant ra
Published 24 Feb, 2009 12:00am
LHC orders arrest of SHO

LHC orders arrest of SHO

The Lahore High Court here Monday directed DPO Okara to arrest SHO Hujra Shah Muqeem and produce him before the court on March 3 in handcuff.
Published 24 Feb, 2009 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (February 23, 2009).

Published 24 Feb, 2009 12:00am
US Plains HRW wheat mostly steady

US Plains HRW wheat mostly steady

Spot basis bids for hard red winter wheat in the US Plains were mostly steady Monday, though some firming was noted as farmer selling remained sluggish. The basis in Enid, Oklahoma, was 5 cents a bushel firmer, while other locations were unchanged. The Gu
Published 24 Feb, 2009 12:00am
Cameroon August-January cocoa exports rise 11 percent

Cameroon August-January cocoa exports rise 11 percent

Cameroon's cocoa exports rose by 11.2 percent in the six months to January but the pace of exports fell as the world's fifth biggest grower's main crop tailed off, statistics from industry bodies showed on Monday. The National Cocoa and Coffee Board (NCCB
Published 24 Feb, 2009 12:00am
Wet February boosts Ivorian cocoa mid crop

Wet February boosts Ivorian cocoa mid crop

Rainfall recordings in Ivory Coast's main cocoa-growing areas for the first three weeks of February were well above last year's levels, analysts said on Monday, boosting hopes for a large mid crop in the top grower. Cocoa farmers have reported abundant ra
Published 24 Feb, 2009 12:00am
Ukrainian milling wheat prices fall

Ukrainian milling wheat prices fall

Ukrainian domestic milling wheat prices fell to an average 1,156 hryvnias per tonne ($150) EXW on February 20 from 1,432 hryvnias on the same date in 2008, the agriculture ministry said on Monday. The ministry said in a statement that feed wheat prices ha
Published 24 Feb, 2009 12:00am
Indian visiting team meets Qazi

Indian visiting team meets Qazi

Jamaat-i-Islami Ameer Qazi Hussian Ahmed has said that they want to resolve the Kashmir and other outstanding issues through a dialogue on equal footing. He expressed these views while talking to a 22-member Indian delegation, led by Indian journalist Kul
Published 24 Feb, 2009 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 14TH February, 2009.

Published 24 Feb, 2009 12:00am
Cameroon August-January cocoa exports rise 11 percent

Cameroon August-January cocoa exports rise 11 percent

Cameroon's cocoa exports rose by 11.2 percent in the six months to January but the pace of exports fell as the world's fifth biggest grower's main crop tailed off, statistics from industry bodies showed on Monday. The National Cocoa and Coffee Board (NCCB
Published 24 Feb, 2009 12:00am
US Midwest-soyabean and corn mostly firm

US Midwest-soyabean and corn mostly firm

Spot corn and soyabean basis bids were mostly steady to firm on Monday amid a lack of farmer selling following a steep decline in prices last week, grain merchants said. Futures were up sharply in overnight electronic trading and were expected to open hig
Published 24 Feb, 2009 12:00am
Indo-Pak relations: 'prosperity in region not possible without peace'

Indo-Pak relations: 'prosperity in region not possible without peace'

The speakers at a seminar on Indo-Pak peace relations have said that the people-to-people contact should be increased between the peoples of two countries because without this process, peace could not be possible. They also said that there should be a joi
Published 24 Feb, 2009 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 14TH February, 2009.

Published 24 Feb, 2009 12:00am
Ukrainian milling wheat prices fall

Ukrainian milling wheat prices fall

Ukrainian domestic milling wheat prices fell to an average 1,156 hryvnias per tonne ($150) EXW on February 20 from 1,432 hryvnias on the same date in 2008, the agriculture ministry said on Monday. The ministry said in a statement that feed wheat prices ha
Published 24 Feb, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 158,221 tonnes of cargo including 125,226 tonnes of import and 32,995 tonnes of export, 2,422 loaded and empty containers (TEUs) during last 48 hours ending at 0700 hours on Monday. The freights comprised of 107,222 tonnes of dry
Published 24 Feb, 2009 12:00am
PAISP's complaint forwarded to finance ministry

PAISP's complaint forwarded to finance ministry

The Cabinet Division has forwarded a complaint of The Professional Association of Insurance Surveyors of Pakistan (PAISP) to the Ministry of Finance for an appropriate action for unlawful appointment of Dr Mumtaz A Hashmi.
Published 24 Feb, 2009 12:00am
US Midwest-soyabean and corn mostly firm

US Midwest-soyabean and corn mostly firm

Spot corn and soyabean basis bids were mostly steady to firm on Monday amid a lack of farmer selling following a steep decline in prices last week, grain merchants said. Futures were up sharply in overnight electronic trading and were expected to open hig
Published 24 Feb, 2009 12:00am
Bangladesh to buy more military equipment

Bangladesh to buy more military equipment

Bangladesh - with coastal waters believed rich in untapped gas and oil resources - plans substantial buying of military equipment including missiles for the navy, the planning minister said late on Sunday. A.K. Khandaker, a former air force chief, told pa
Published 24 Feb, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 158,221 tonnes of cargo including 125,226 tonnes of import and 32,995 tonnes of export, 2,422 loaded and empty containers (TEUs) during last 48 hours ending at 0700 hours on Monday. The freights comprised of 107,222 tonnes of dry
Published 24 Feb, 2009 12:00am
Kuwait receives $13 billion compensation from Iraq

Kuwait receives $13 billion compensation from Iraq

Kuwait said on Monday it has received a total of 13.3 billion dollars in compensation from Iraq for the 1990 invasion and occupation of the oil-rich emirate by Saddam Hussein's forces. The Public Authority for Compensation said in a statement carried by t
Published 24 Feb, 2009 12:00am
PAC asks Petroleum Ministry to submit gas pricing formula

PAC asks Petroleum Ministry to submit gas pricing formula

Public Accounts Committee (PAC) of the National Assembly, acting on the suo moto notice pertaining to exorbitant increase in gas tariff for domestic consumers, on Monday directed the Ministry of Petroleum to submit the gas pricing formula within two weeks
Published 24 Feb, 2009 12:00am
Bangladesh to buy more military equipment

Bangladesh to buy more military equipment

Bangladesh - with coastal waters believed rich in untapped gas and oil resources - plans substantial buying of military equipment including missiles for the navy, the planning minister said late on Sunday. A.K. Khandaker, a former air force chief, told pa
Published 24 Feb, 2009 12:00am
Israel replaces envoy to Egypt talks

Israel replaces envoy to Egypt talks

Prime Minister Ehud Olmert will replace Israel's lead envoy to Egyptian-brokered truce talks with Hamas after he publicly criticised the government's negotiating strategy, officials said on Monday. Amos Gilad, an adviser to Defence Minister Ehud Barak, ha
Published 24 Feb, 2009 12:00am
FAML announces dividend for FIGF, FSGF

FAML announces dividend for FIGF, FSGF

The Board of Directors of Faysal Asset Management Limited (FAML) has announced an interim cash/bonus dividend of Rs 3.20 per unit (3.20 percent of the par value of Rs 100) for half year ended December 31, 2008 for Faysal Income and Growth Fund (FIGF); and
Published 24 Feb, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 23, 2009).

Published 24 Feb, 2009 12:00am
Kuwait receives $13 billion compensation from Iraq

Kuwait receives $13 billion compensation from Iraq

Kuwait said on Monday it has received a total of 13.3 billion dollars in compensation from Iraq for the 1990 invasion and occupation of the oil-rich emirate by Saddam Hussein's forces. The Public Authority for Compensation said in a statement carried by t
Published 24 Feb, 2009 12:00am
Bangladesh official loses plum job over fruit jibe

Bangladesh official loses plum job over fruit jibe

Bangladesh's top information official was sacked Monday for ridiculing the country's founding leader in a poem which compared him to a dried plum, an official said. Information secretary A.T.M. Fazlul Karim was sued on Sunday by a ruling party official fo
Published 24 Feb, 2009 12:00am
FAML announces dividend for FIGF, FSGF

FAML announces dividend for FIGF, FSGF

The Board of Directors of Faysal Asset Management Limited (FAML) has announced an interim cash/bonus dividend of Rs 3.20 per unit (3.20 percent of the par value of Rs 100) for half year ended December 31, 2008 for Faysal Income and Growth Fund (FIGF); and
Published 24 Feb, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 23, 2009).

Published 24 Feb, 2009 12:00am
Israel replaces envoy to Egypt talks

Israel replaces envoy to Egypt talks

Prime Minister Ehud Olmert will replace Israel's lead envoy to Egyptian-brokered truce talks with Hamas after he publicly criticised the government's negotiating strategy, officials said on Monday. Amos Gilad, an adviser to Defence Minister Ehud Barak, ha
Published 24 Feb, 2009 12:00am
Six killed in Iraq attacks

Six killed in Iraq attacks

Bombers and gunmen killed at least six people in attacks in Iraq on Monday, the interior ministry said. Three people, two of them soldiers, died when gunmen opened fire at an army checkpoint in Ghazaliyah, a mainly Sunni suburb of western Baghdad, a minis
Published 24 Feb, 2009 12:00am
AJK President condoles death of Shujaat's mother

AJK President condoles death of Shujaat's mother

AJK President Raja Zulqarnain Khan has visited the residence of PML-Q Chief Chaudhry Shujaat Hussain in Gujrat and expressed condolence with him over the demise of his mother. The President visited late Sunday and offered fateha for the departed soul besi
Published 24 Feb, 2009 12:00am
Bangladesh official loses plum job over fruit jibe

Bangladesh official loses plum job over fruit jibe

Bangladesh's top information official was sacked Monday for ridiculing the country's founding leader in a poem which compared him to a dried plum, an official said. Information secretary A.T.M. Fazlul Karim was sued on Sunday by a ruling party official fo
Published 24 Feb, 2009 12:00am
Iraq's National Museum reopens

Iraq's National Museum reopens

Iraq's National Museum reopened Monday, six years after it was looted and vandalised in the aftermath of the 2003 US-led invasion.It is estimated that about 15,000 artefacts and antiquities were stolen in the chaos that accompanied Saddam Hussein's oustin
Published 24 Feb, 2009 12:00am
Rich tributes paid to Faiz Ahmed Faiz

Rich tributes paid to Faiz Ahmed Faiz

The only way to defeat anti-democratic forces and block the way of dictators is to acknowledge and understand Faiz with true spirit of his thoughts and ideals. These views were expressed by Senator Mian Raza Rabbani, Federal Minister for Inter Provincial
Published 24 Feb, 2009 12:00am
Six killed in Iraq attacks

Six killed in Iraq attacks

Bombers and gunmen killed at least six people in attacks in Iraq on Monday, the interior ministry said. Three people, two of them soldiers, died when gunmen opened fire at an army checkpoint in Ghazaliyah, a mainly Sunni suburb of western Baghdad, a minis
Published 24 Feb, 2009 12:00am
'Extra US troops to be deployed as fast as possible to Afghanistan'

'Extra US troops to be deployed as fast as possible to Afghanistan'

Around 17,000 extra US troops earmarked for Afghanistan will deploy as fast as possible and thousands more are requested for August elections, the deputy Nato force commander here said Monday. The reinforcements, approved by US President Barack Obama last
Published 24 Feb, 2009 12:00am
FBR detects discrepancies in sales tax/federal excise returns

FBR detects discrepancies in sales tax/federal excise returns

The Computerised Risk-Based Evaluation of Sales Tax (CREST) of the Federal Board of Revenue (FBR) has detected discrepancies in sales and purchase data declared by some taxpayers in sales tax/federal excise returns.
Published 24 Feb, 2009 12:00am
THE RUPEE: dollar sheds five paisa

THE RUPEE: dollar sheds five paisa

Firm trend was seen on the currency market on Monday as the rupee gained modestly in process of trading, dealers said. On the interbank market the rupee gained five paisa in relation to dollar for buying and selling at 79.80 and 79.85, they said.
Published 24 Feb, 2009 12:00am
Iraq's National Museum reopens

Iraq's National Museum reopens

Iraq's National Museum reopened Monday, six years after it was looted and vandalised in the aftermath of the 2003 US-led invasion.It is estimated that about 15,000 artefacts and antiquities were stolen in the chaos that accompanied Saddam Hussein's oustin
Published 24 Feb, 2009 12:00am
North deploys new medium-range missiles: Seoul

North deploys new medium-range missiles: Seoul

North Korea has deployed medium-range ballistic missiles that could reach the US Pacific territory of Guam, a South Korean military report said Monday. The newly developed missiles could carry a 650-kilogram warhead 3,000 kilometres, the Defence Ministry
Published 24 Feb, 2009 12:00am
Four suspects arrested

Four suspects arrested

FIA arrested four suspected persons in a raid at a shop in federal capital on Monday in Sector I-9 and shifted them to an unknown place, a private TV channel reported. According to the channel, foreign currency and maps have also been recovered from the p
Published 24 Feb, 2009 12:00am
THE RUPEE: dollar sheds five paisa

THE RUPEE: dollar sheds five paisa

Firm trend was seen on the currency market on Monday as the rupee gained modestly in process of trading, dealers said. On the interbank market the rupee gained five paisa in relation to dollar for buying and selling at 79.80 and 79.85, they said.
Published 24 Feb, 2009 12:00am
'Extra US troops to be deployed as fast as possible to Afghanistan'

'Extra US troops to be deployed as fast as possible to Afghanistan'

Around 17,000 extra US troops earmarked for Afghanistan will deploy as fast as possible and thousands more are requested for August elections, the deputy Nato force commander here said Monday. The reinforcements, approved by US President Barack Obama last
Published 24 Feb, 2009 12:00am
Indian government wants to prevent Gandhi auction

Indian government wants to prevent Gandhi auction

The Indian government is drawing up plans to prevent several of Mahatma Gandhi's personal possessions being sold at auction in New York, an official said Monday. A special government committee has met twice to work out how to bring the items back to India
Published 24 Feb, 2009 12:00am
Three gunned down

Three gunned down

Unknown gunmen opened fire at a car near Safari Park killing three people on the spot, Aaj TV reported on Monday. According to the channel one person was seriously injured in attack, who was rushed to hospital.
Published 24 Feb, 2009 12:00am
North deploys new medium-range missiles: Seoul

North deploys new medium-range missiles: Seoul

North Korea has deployed medium-range ballistic missiles that could reach the US Pacific territory of Guam, a South Korean military report said Monday. The newly developed missiles could carry a 650-kilogram warhead 3,000 kilometres, the Defence Ministry
Published 24 Feb, 2009 12:00am
Nato air strike kills 16 Taliban: police

Nato air strike kills 16 Taliban: police

A Nato air strike in Afghanistan killed up to 16 militants overnight while a twin suicide attack killed a policeman outside a government anti-drugs office, officials said Monday. Afghan security forces called in Nato warplanes to fend off scores of milita
Published 24 Feb, 2009 12:00am
Qureshi arrives in US

Qureshi arrives in US

Foreign Minister Shah Mahmood Qureshi arrived here on Sunday evening for a four-day visit, during which he will present Pakistan's point of view to top Obama administration officials at meetings planned as part of a wide-ranging review of the US policy to
Published 24 Feb, 2009 12:00am
Indian government wants to prevent Gandhi auction

Indian government wants to prevent Gandhi auction

The Indian government is drawing up plans to prevent several of Mahatma Gandhi's personal possessions being sold at auction in New York, an official said Monday. A special government committee has met twice to work out how to bring the items back to India
Published 24 Feb, 2009 12:00am
Human Rights Council passes resolution on financial crisis

Human Rights Council passes resolution on financial crisis

The United Nations' Human Rights Council adopted Monday a resolution on the financial crisis, calling for protection of the most vulnerable and for assurances on international aid to developing countries. The resolution received 31 votes in favour from th
Published 24 Feb, 2009 12:00am
India imposes sugar stock limits

India imposes sugar stock limits

India will impose limits on the amount of sugar that can be stocked and may raise the price millers have to pay farmers for cane by up to 50 percent to tame prices and help lift sugar production out of this year's expected slump. After a meeting of the fe
Published 24 Feb, 2009 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (February 23, 2009).

Published 24 Feb, 2009 12:00am
Nato air strike kills 16 Taliban: police

Nato air strike kills 16 Taliban: police

A Nato air strike in Afghanistan killed up to 16 militants overnight while a twin suicide attack killed a policeman outside a government anti-drugs office, officials said Monday. Afghan security forces called in Nato warplanes to fend off scores of milita
Published 24 Feb, 2009 12:00am
'Slumdog' best in show at Oscars with eight awards

'Slumdog' best in show at Oscars with eight awards

Rags-to-riches drama "Slumdog Millionaire" swept the board at the 81st Academy Awards here Sunday, winning eight Oscars including best picture on a night of high-voltage Hollywood glamor. The feel-good film about a Mumbai tea boy who rises from poverty an
Published 24 Feb, 2009 12:00am
Copper springs back, aluminium tumbles

Copper springs back, aluminium tumbles

Copper prices rallied nearly 5 percent on Monday as the dollar slipped and inventories fell, but analysts warned prospects were still gloomy. Aluminium prices fell to $1,285 a tonne, their lowest since late 2001 as stocks hit a record high and the trouble
Published 24 Feb, 2009 12:00am
Human Rights Council passes resolution on financial crisis

Human Rights Council passes resolution on financial crisis

The United Nations' Human Rights Council adopted Monday a resolution on the financial crisis, calling for protection of the most vulnerable and for assurances on international aid to developing countries. The resolution received 31 votes in favour from th
Published 24 Feb, 2009 12:00am
UAE orders weapons worth $692 million at arms show

UAE orders weapons worth $692 million at arms show

The United Arab Emirates announced on Monday the award of military contracts worth 2.54 billion dirhams (692 million dollars), mostly to local companies, during the IDEX 2009 defence show. Two other deals still under negotiation would be worth over 469 mi
Published 24 Feb, 2009 12:00am
Oil settles below $39

Oil settles below $39

Oil prices settled below $39 a barrel on Monday as investors worried about the weak economy and Wall Street stocks dropped. US front-month crude settled at $38.44 a barrel, down $1.59. London Brent crude settled at $40.99 a barrel, down 90 cents. "Overall
Published 24 Feb, 2009 12:00am
'Slumdog' best in show at Oscars with eight awards

'Slumdog' best in show at Oscars with eight awards

Rags-to-riches drama "Slumdog Millionaire" swept the board at the 81st Academy Awards here Sunday, winning eight Oscars including best picture on a night of high-voltage Hollywood glamor. The feel-good film about a Mumbai tea boy who rises from poverty an
Published 24 Feb, 2009 12:00am
Germans jam streets to snatch sweets at carnival parades

Germans jam streets to snatch sweets at carnival parades

More than 1 million Germans jammed the streets of Rhine valley cities Monday to view carnival parades and to be showered with sweets in a traditional attempt to dispel winter woes. The biggest of the parades, in Cologne, featured 150 elaborate floats and
Published 24 Feb, 2009 12:00am
UAE orders weapons worth $692 million at arms show

UAE orders weapons worth $692 million at arms show

The United Arab Emirates announced on Monday the award of military contracts worth 2.54 billion dirhams (692 million dollars), mostly to local companies, during the IDEX 2009 defence show. Two other deals still under negotiation would be worth over 469 mi
Published 24 Feb, 2009 12:00am
Tycoon prince says Saudi cinemas 'inevitable'

Tycoon prince says Saudi cinemas 'inevitable'

A Saudi prince fighting to have his own films shown in the ultra-conservative country says public movie screenings are "inevitable", despite stiff opposition from religious clerics, local newspapers reported on Monday. Saudi tycoon Prince Al-Walid bin Tal
Published 24 Feb, 2009 12:00am
Germans jam streets to snatch sweets at carnival parades

Germans jam streets to snatch sweets at carnival parades

More than 1 million Germans jammed the streets of Rhine valley cities Monday to view carnival parades and to be showered with sweets in a traditional attempt to dispel winter woes. The biggest of the parades, in Cologne, featured 150 elaborate floats and
Published 24 Feb, 2009 12:00am
Sterling rises broadly

Sterling rises broadly

Sterling rose broadly on Monday, hitting its highest in seven weeks against the Japanese yen, led by rallying stock markets after reports the US government may boost its stake in embattled lender Citigroup. The pound also rose sharply against a weakened e
Published 24 Feb, 2009 12:00am
Early trade: New York cotton rises

Early trade: New York cotton rises

Prices of US cotton and frozen concentrated orange juice futures were as follows. May cotton rose 0.21 cent to 44.31 cents per lb at 11:17 am (1617 GMT). Trading from 44.03 to 45.25 cents. Volume at 2,521 lots. Dealings quiet, market stays in range around
Published 24 Feb, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Feb, 2009 12:00am
Tycoon prince says Saudi cinemas 'inevitable'

Tycoon prince says Saudi cinemas 'inevitable'

A Saudi prince fighting to have his own films shown in the ultra-conservative country says public movie screenings are "inevitable", despite stiff opposition from religious clerics, local newspapers reported on Monday. Saudi tycoon Prince Al-Walid bin Tal
Published 24 Feb, 2009 12:00am
Dollar funding spread edges wider

Dollar funding spread edges wider

The interbank money market showed some signs of stress on Monday following news that Citigroup is in talks that could see the US government take a bigger stake in the ailing lender. This came a week after several ratings agencies warned a steep slowdown i
Published 24 Feb, 2009 12:00am
Cocoa in London hits five-week low

Cocoa in London hits five-week low

Cocoa futures in London fell to a five-week low on Monday with the strength of sterling weighing on a market already depressed by improving crop prospects in top producer Ivory Coast and demand concerns, dealers said. A weaker dollar boosted coffee and su
Published 24 Feb, 2009 12:00am
Board meetings in progress

Board meetings in progress

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

Published 24 Feb, 2009 12:00am
Sterling rises broadly

Sterling rises broadly

Sterling rose broadly on Monday, hitting its highest in seven weeks against the Japanese yen, led by rallying stock markets after reports the US government may boost its stake in embattled lender Citigroup. The pound also rose sharply against a weakened e
Published 24 Feb, 2009 12:00am
Yen tumbles in London

Yen tumbles in London

The yen fell broadly on Monday, with the dollar hitting its highest in nearly three months, as stocks gained on a report that the US government could end up owning up to 40 percent of embattled lender Citigroup. This weighed on the yen in particular, whil
Published 24 Feb, 2009 12:00am
Gold slips in London

Gold slips in London

Gold fell as much as 2 percent on Monday to a low of $975.00 an ounce as investors cashed in gains after the previous session's rally and stock markets rose. But prices are poised to resume their push higher and could hit new peaks above $1,030 an ounce a
Published 24 Feb, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Feb, 2009 12:00am
Dollar funding spread edges wider

Dollar funding spread edges wider

The interbank money market showed some signs of stress on Monday following news that Citigroup is in talks that could see the US government take a bigger stake in the ailing lender. This came a week after several ratings agencies warned a steep slowdown i
Published 24 Feb, 2009 12:00am
Indian markets closed

Indian markets closed

Indian stock, bond and currency markets are closed on Monday for a local holiday. Trading resumes on Tuesday. On Friday, the 30-share BSE index fell 2.21 percent to 8,843.21, its lowest close since Jan. 22, and registered its biggest weekly fall since Oct
Published 24 Feb, 2009 12:00am
US MIDDAY: cocoa down, coffee higher

US MIDDAY: cocoa down, coffee higher

US cocoa futures fell to another five-week low in early trade on Monday, on technical pressure following Friday's sharp fall, while arabica coffee climbed on support from the commodity complex, traders said. Arabica coffee for May delivery up 1.20 cents a
Published 24 Feb, 2009 12:00am