News Archives for Print - 2009-06-07

US Treasury price sinks

US Treasury debt prices sank on Friday after the government reported a much smaller-than-expected drop in May non-farm payrolls, which added to recent signs the economic decline may be slowing.

Published 07 Jun, 2009 12:00am

Canadian bond prices were mostly lower in Friday, with the short end hit hardest as market players absorbed the jobs figures and the modest gains in equity markets, and considered the possibility that US rates could rise sooner than expected. Ferley said

Published 07 Jun, 2009 12:00am

Canadian bonds lower

Canadian bond prices were mostly lower in Friday, with the short end hit hardest as market players absorbed the jobs figures and the modest gains in equity markets, and considered the possibility that US rates could rise sooner than expected. Ferley said

Published 07 Jun, 2009 12:00am

After rally, US corporate bonds lose favour versus stocks

Once the hands-down favourites over stocks, US corporate bonds may not be such a clear-cut choice after frenzied rallies in both markets, money managers say. Though still star performers in the bond world, corporate bonds no longer sport the record high y

Published 07 Jun, 2009 12:00am

After rally, US corporate bonds lose favour versus stocks

Once the hands-down favourites over stocks, US corporate bonds may not be such a clear-cut choice after frenzied rallies in both markets, money managers say. Though still star performers in the bond world, corporate bonds no longer sport the record high y

Published 07 Jun, 2009 12:00am

US corporate bonds spread tightens

US corporate bond yield spreads over Treasuries tightened on Friday as US Treasuries sold off after the government reported a much smaller-than-expected drop in May nonfarm payrolls. But while spreads tightened, cash bond prices moved sideways, with inves

Published 07 Jun, 2009 12:00am

US corporate bonds spread tightens

US corporate bond yield spreads over Treasuries tightened on Friday as US Treasuries sold off after the government reported a much smaller-than-expected drop in May nonfarm payrolls. But while spreads tightened, cash bond prices moved sideways, with inves

Published 07 Jun, 2009 12:00am

Brazil stocks rise

Brazilian stocks rose on Friday, led by mining giant Vale on expectations of steady demand for iron ore and energy company Petrobras' confirmation of the potential of a major oil find. Brazil's Bovespa stock index climbed 0.5 percent to 53,736.17. The ind

Published 07 Jun, 2009 12:00am

Emerging Markets: Latin American stocks move on both ways

Emerging markets were mixed on Friday, getting a modicum of support from slightly stronger US stocks but undercut by weak commodities and a sharp drop in US Treasuries. Latin American currencies weakened against a broadly stronger US dollar after American

Published 07 Jun, 2009 12:00am

Emerging Markets: Latin American stocks move on both ways

Emerging markets were mixed on Friday, getting a modicum of support from slightly stronger US stocks but undercut by weak commodities and a sharp drop in US Treasuries. Latin American currencies weakened against a broadly stronger US dollar after American

Published 07 Jun, 2009 12:00am

China yields rise on economic optimism

China's bill and bond yields mostly rose on Friday in thin trade, buoyed by mounting optimism over the economic outlook, although the market was wary ahead of May data due for release over the next two weeks.

Published 07 Jun, 2009 12:00am

China yields rise on economic optimism

China's bill and bond yields mostly rose on Friday in thin trade, buoyed by mounting optimism over the economic outlook, although the market was wary ahead of May data due for release over the next two weeks.

Published 07 Jun, 2009 12:00am

Russia bans Belarus milk products as tensions rise

Russia has banned the import of 500 types of milk product from Belarus, Russian news agencies reported on Saturday, at a time of strain between the two former Soviet republics. Russian media cited a top health official, Gennady Onishchenko, as saying the

Published 07 Jun, 2009 12:00am

Cost of F-22 fighter for Japan as much as $250 million

The US Air Force estimates it would cost Japan as much as $250 million per plane to buy dozens of radar-evading F-22 fighter jets, a US senator told Japan's ambassador in a letter, saying he hopes to reverse a current US ban on such exports.

Published 07 Jun, 2009 12:00am

Taiwan mulls loosening semiconductor investment restrictions

Taiwan is considering loosening its restrictions on Taiwanese semiconductor investment in China, a move that would continue to boost expanded economic ties with the mainland. Taiwanese president Ma Ying-jeou said Friday that the island was "not excluding

Published 07 Jun, 2009 12:00am

US FDIC eyes Citi top management shake-up: WSJ

Citigroup Inc's relationship with the Federal Deposit Insurance Corp is frayed, sources told Reuters, and the regulator wants to replace Chief Executive Vikram Pandit, the Wall Street Journal reported.

Published 07 Jun, 2009 12:00am

Appeals court upholds Chrysler sale to Fiat

A US appeals court on Friday upheld Chrysler's sale of most of its assets to Italy's Fiat, but the deal will remain on hold to allow an appeal to the nation's highest court. The 2nd US Circuit Court of Appeals said it will continue to delay the sale until

Published 07 Jun, 2009 12:00am

Nissan offers workers temporary layoffs

Japanese carmaker Nissan said it had agreed with unions to offer 200 workers in Spain temporary redundancies, marking the latest move by recession-hit firms to avoid high Spanish firing costs and save jobs. The measures follow Nissan's announcement last O

Published 07 Jun, 2009 12:00am

Iceland to pay UK, Netherlands over failed bank

Icelandic authorities have agreed to reimburse Britain and the Netherlands for compensation they have paid out to British and Dutch depositors in Icesave accounts of the failed Landsbanki bank, the governments said in a joint statement on Saturday.

Published 07 Jun, 2009 12:00am

'Buy American' plan leads to ire, confusion

The "Buy American" plan in US economic stimulus legislation is drawing increasing fire from US trading partners and also has led to confusion as government agencies try to implement the strategy. Ironically, the measure is backfiring on some US firms that

Published 07 Jun, 2009 12:00am

General Motors to provide $2 billion cash for Delphi buyout

General Motors Corp said on Friday it would provide $2 billion cash plus credit to support private equity firm Platinum Equity's buyout of its bankrupt former parts unit, Delphi Corp.

Published 07 Jun, 2009 12:00am

China, Turkmenistan seal $3 billion energy loan

China will lend energy-rich Turkmenistan $3 billion to develop its vast South Yolotan natural gas field, Turkmen state media reported Saturday. The loan marks a key step in Chinese efforts to secure long-term energy supplies from ex-Soviet Central Asia an

Published 07 Jun, 2009 12:00am

Saudi Arabia plans sukuk, bonds market

Saudi Arabia's stock market regulator said on Saturday it had approved setting up a market for debt securities. The Capital Market Authority's (CMA) decision was part of its "continuous and gradual effort to develop the Saudi capital market", it said in a

Published 07 Jun, 2009 12:00am

Morocco imposes 170 percent tariffs on wheat imports

Morocco has imposed 170 percent tariffs for durum wheat imports for the June-July period, state grains agency ONICL said on Saturday, to shield local farmers from foreign competition. "The customs duty for hard wheat is at 170 percent during the June-July

Published 07 Jun, 2009 12:00am

Saudi Arabia plans sukuk, bonds market

Saudi Arabia's stock market regulator said on Saturday it had approved setting up a market for debt securities. The Capital Market Authority's (CMA) decision was part of its "continuous and gradual effort to develop the Saudi capital market", it said in a

Published 07 Jun, 2009 12:00am

Commodity prices hit multi-month highs

Commodity prices rallied to multi-month highs this week on increasing signs that the worst of the world recession may be over. "The recent surge in commodity prices appears to have been driven primarily by hopes of a strong recovery in the global economy,

Published 07 Jun, 2009 12:00am

Dry weather lowering Argentine corn yields

Dry weather is affecting Argentina's 2008/09 corn harvest, pushing yields lower, the Agriculture Secretariat said on Friday. Argentina is the world's No 2 corn exporter, after the United States, but this season's crop has been hit by persistent dry weathe

Published 07 Jun, 2009 12:00am

Silver returns outpace gold in 2009 but traders wary

Investors in silver have reaped glittering rewards in recent months as prices soared, but with the bulk of the gains driven by speculation rather than industrial off-take, the market could be at risk of a sharp correction. The metal has benefited so far i

Published 07 Jun, 2009 12:00am

New York sugar stronger

Raw sugar futures settled stronger on Friday, despite gloomy demand and the firm US dollar, as shorts took cover before index funds began to roll positions, traders said. The July raw sugar contract rose 0.29 cent to close at 15.53 cents per lb. Session r

Published 07 Jun, 2009 12:00am

Brazil soya sales remain active

The sales of Brazil's 2008/09 soybean crop are active, traders said on Friday, as a brief weakening of the local currency and expectations that the US planting of beans will be big prompted producers to close sales. Forward sales of the new crop are catch

Published 07 Jun, 2009 12:00am

Brazil sugar fall

A drop in sugar futures prices this week was not enough to reignite demand for Brazilian sugar, traders said on Friday, adding business has been minor and mainly to traditional clients such as India and Russia. Brazilian shipments of sugar in May, however

Published 07 Jun, 2009 12:00am

World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 44.93 cents per pound, effective through June 11. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. USDA also annou

Published 07 Jun, 2009 12:00am

US cotton ends at six-week low

US cotton futures fell 3 percent to close at six-week lows on Friday as a rebounding dollar sparked a sell-off across commodities. "The strong dollar seems to have had a really big impact on cotton today. Everything else pales in comparison," said Sharon

Published 07 Jun, 2009 12:00am

US soyabeans fall

US soyabean futures closed lower on Friday, falling from an 8-1/2 month high amid weakness in the crude oil market and a firming dollar that made US supplies more expensive on the world market, traders said. The Chicago Board of Trade July soyabean future

Published 07 Jun, 2009 12:00am

Tocom rubber seen at 175 yen/kg by end-June

Purchases by tyre makers, steady demand from main consumer China, tight supplies in Southeast Asia and high oil prices are expected to push up rubber prices in June, a Reuters poll showed on Monday. The benchmark rubber contract on the Tokyo Commodity Exc

Published 07 Jun, 2009 12:00am

US gold declines

Gold futures fell toward $950 an ounce on Friday, losing 2 percent as a better-than-expected US jobs report sparked a dollar rally and boosted hopes for an economic recovery, denting gold's appeal as a safe haven. August settled down $19.70, or 2 percent,

Published 07 Jun, 2009 12:00am

US copper dips

US copper futures ended lower on Friday, as currency-related sales weighed on prices after data showing the US economy lost a fewer-than-expected 345,000 jobs in May fueled a sharp rally in the dollar. Copper for July delivery shed 1.70 cents to close at

Published 07 Jun, 2009 12:00am

FOB Gulf corn firm

US corn export premiums at the Gulf of Mexico were firmer on Friday following rising CIF barge values and amid routine demand, while wheat and soyabean basis offers were steady, traders said. US corn prices were competitive on the world market through Jul

Published 07 Jun, 2009 12:00am

US rice futures sink

US rice futures on the Chicago Board of Trade sank on Friday, moving in tandem with other commodity markets and pressured by a rising dollar. A firmer dollar makes US commodities more expensive to overseas buyers, triggering traders to sell commodities.

Published 07 Jun, 2009 12:00am

Canadian canola futures end lower

ICE Canadian canola closed lower on Friday following soya, but was supported by frost concerns in Western Canada and a weaker Canadian dollar, traders said. Benchmark July canola finished unchanged at $475.30 per tonne on volume of 7,057 contracts.

Published 07 Jun, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 155,937 tonnes of cargo including 121,059 tonnes of import and 34,878 tonnes of export; 6,029 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday. The freights comprised of 85,558 tonnes of dry

Published 07 Jun, 2009 12:00am

US corn futures lower

US corn futures closed lower on Friday amid a soaring dollar and profit-taking after big gains on Thursday. Crops in the northern portion of western US Midwest benefits from rainfall, while wet weather continues to slow crop plantings in portions of the s

Published 07 Jun, 2009 12:00am

US wheat futures fall

US wheat futures fell on Friday as traders locked in profits following a rally on Thursday amid strength in the US dollar that dimmed already-weak export prospects, traders said. Plentiful global wheat stocks and modest export sales of US wheat continue t

Published 07 Jun, 2009 12:00am

US Midwest corn bids firm

Bids for corn were steady to firm at processors and elevators around the US Midwest on Friday while soyabean bids weakened at river terminals, grain dealers said. Slow corn movement and a weak close in the futures market led some dealers to increase corn

Published 07 Jun, 2009 12:00am

House farm panel sets hearing on US climate bill

The House Agriculture Committee scheduled a meeting next week to review a climate-change bill the committee leadership has criticised. A priority of House Democratic leaders, the bill would set a target of reducing greenhouse gas emissions by 17 percent b

Published 07 Jun, 2009 12:00am

Listless trade, a few changes on grain market, seed market

Little business was seen on the wholesale grain and seed market on Saturday as most of the buyers were on the sidelined ahead of announcement of 2009-10 budget, dealers said.

Published 07 Jun, 2009 12:00am

Thin trade seen on cotton market ahead of budget

Slow business was seen on the cotton market on Saturday due to lack of interest in fresh dealings by both the mills and spinners, dealers said. The official spot rate was unchanged at Rs 3,550. In the ready business, only one deal was finalised from Mir P

Published 07 Jun, 2009 12:00am

Guatemala sugar exports double in May

Guatemala's sugar exports doubled to 259,706 tonnes in May compared with the same month last year, the country's sugar producers association Asazgua said on Thursday. Asazgua said the wide month-on-month variations do not reflect the size of the harvest,

Published 07 Jun, 2009 12:00am

KCBT wheat futures end two percent lower

Hard red winter wheat futures at the Kansas City Board of Trade ended more than 2 percent lower on Friday on pre-weekend profit-taking after a volatile week of wild price swings. The KCBT July contract ended down 15 cents, or 2.2 percent, at $6.75 per bus

Published 07 Jun, 2009 12:00am

Oil cake market rates

Firmness prevailed on the forward cottonseed oilcake market on Saturday as prices moved up during the thin activity, dealers said. The July vaida commenced with a gain of 60 paisa at Rs 983.10 and the December contract opened with sharp rise of Rs 1.20 to

Published 07 Jun, 2009 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 07 Jun, 2009 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (June 06, 2009).

Published 07 Jun, 2009 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 07 Jun, 2009 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 07 Jun, 2009 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (June 06, 2009).

Published 07 Jun, 2009 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 Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

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 Saturday (June 06, 2009).

Published 07 Jun, 2009 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 Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 07 Jun, 2009 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2008)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 07 Jun, 2009 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Collectors told to maximise revenue collection

The Federal Board of Revenue has directed the collectors of sales tax to maximise efforts for increasing sales tax and federal excise duty collection in remaining days of June 2009 for meeting assigned targets for 2008-09. In this connection, the FBR has

Published 07 Jun, 2009 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Collectors told to maximise revenue collection

The Federal Board of Revenue has directed the collectors of sales tax to maximise efforts for increasing sales tax and federal excise duty collection in remaining days of June 2009 for meeting assigned targets for 2008-09. In this connection, the FBR has

Published 07 Jun, 2009 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Forces-militants crossfire: TNSM Naib Amir, spokesman killed

The naib Amir of Tehreek-e-Nifaz-e-Shariat-e-Muhammadi (TNSM), Muhammad Alam, and spokesman Amir Izzat Khan, were killed in crossfire between security forces and terrorists in Sakhakot area of Malakand Division, when they were on way to Peshawar for inves

Published 07 Jun, 2009 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Collectors told to maximise revenue collection

The Federal Board of Revenue has directed the collectors of sales tax to maximise efforts for increasing sales tax and federal excise duty collection in remaining days of June 2009 for meeting assigned targets for 2008-09. In this connection, the FBR has

Published 07 Jun, 2009 12:00am

THE RUPEE: slight fluctuations on money market

Gradual fluctuations were seen on the currency market as the rupee moved lightly versus dollar at the week-end, dealers said. On the interbank market the rupee held its overnight level in terms of the dollar for buying at 80.80 while it gained three paisa

Published 07 Jun, 2009 12:00am

Forces-militants crossfire: TNSM Naib Amir, spokesman killed

The naib Amir of Tehreek-e-Nifaz-e-Shariat-e-Muhammadi (TNSM), Muhammad Alam, and spokesman Amir Izzat Khan, were killed in crossfire between security forces and terrorists in Sakhakot area of Malakand Division, when they were on way to Peshawar for inves

Published 07 Jun, 2009 12:00am

THE RUPEE: slight fluctuations on money market

Gradual fluctuations were seen on the currency market as the rupee moved lightly versus dollar at the week-end, dealers said. On the interbank market the rupee held its overnight level in terms of the dollar for buying at 80.80 while it gained three paisa

Published 07 Jun, 2009 12:00am

Suicide blast kills two policemen

Two policemen were killed and four others injured, when Rescue 15 officials averted heavy loss of life and property, killing a potential suicide bomber as he tried to cross the wall of the building in G-8 Sector. The suicide bomber tried to cross the wall

Published 07 Jun, 2009 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Suicide blast kills two policemen

Two policemen were killed and four others injured, when Rescue 15 officials averted heavy loss of life and property, killing a potential suicide bomber as he tried to cross the wall of the building in G-8 Sector. The suicide bomber tried to cross the wall

Published 07 Jun, 2009 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

D-Day marked: Obama warns North Korea and Iran over nuclear threat

US President Barack Obama paid homage to the heroes of D-Day on Saturday, saying their assault on Normandy's beaches exactly 65 years ago had helped save the world from evil and tyranny. Addressing stooped, white-haired veterans, Obama said the Second Wor

Published 07 Jun, 2009 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

D-Day marked: Obama warns North Korea and Iran over nuclear threat

US President Barack Obama paid homage to the heroes of D-Day on Saturday, saying their assault on Normandy's beaches exactly 65 years ago had helped save the world from evil and tyranny. Addressing stooped, white-haired veterans, Obama said the Second Wor

Published 07 Jun, 2009 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Gold prices fall by Rs 257 per 10 grams

Gold prices on Saturday declined by Rs 300 per tola and Rs 257 per 10 grams in the local market, traders said. Gold was available at Rs 29,100 per tola on Friday on the local market which reduced to Rs 28,800, while its price of 10 grams came down to Rs 2

Published 07 Jun, 2009 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Gold prices fall by Rs 257 per 10 grams

Gold prices on Saturday declined by Rs 300 per tola and Rs 257 per 10 grams in the local market, traders said. Gold was available at Rs 29,100 per tola on Friday on the local market which reduced to Rs 28,800, while its price of 10 grams came down to Rs 2

Published 07 Jun, 2009 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Gold prices fall by Rs 257 per 10 grams

Gold prices on Saturday declined by Rs 300 per tola and Rs 257 per 10 grams in the local market, traders said. Gold was available at Rs 29,100 per tola on Friday on the local market which reduced to Rs 28,800, while its price of 10 grams came down to Rs 2

Published 07 Jun, 2009 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

US bailout repayment seen bigger than expected

The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition.

Published 07 Jun, 2009 12:00am

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Iftikhar attributes incident to differences among militants

The spokesman of NWFP government, Iftikhar Hussein, in his daily news briefing said that TNSM activists were being shifted to Peshawar for trial. "But, they were attacked by the enemies of peace to incite people against the government". However, he claime

Published 07 Jun, 2009 12:00am

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (June 06, 2009).

Published 07 Jun, 2009 12:00am

Iftikhar attributes incident to differences among militants

The spokesman of NWFP government, Iftikhar Hussein, in his daily news briefing said that TNSM activists were being shifted to Peshawar for trial. "But, they were attacked by the enemies of peace to incite people against the government". However, he claime

Published 07 Jun, 2009 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday June 08, 2009.

Published 07 Jun, 2009 12:00am

Iran starts production of new anti-aircraft missile

Iran has started production of a new ground-to-air missile system, Iranian media reported on Saturday, amid persistent speculation that Israel might attack the Islamic Republic's nuclear facilities.

Published 07 Jun, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 6	277.92
USD PKR Interbank Buying / Nov 6	277.72
USD to Japanese Yen / Nov 6	153.43
USD to Swiss Franc / Nov 6	0.87
Pound Sterling to USD / Nov 6	1.29
Euro to USD / Nov 6	1.08

Stock	Volume
S&P 500 / Nov 5	5,782.76
Nasdaq / Nov 5	18,439.17
Dow Jones / Nov 5	41,221.88
India Sensex / Nov 6	79,841.86
Tokyo Nikkei / Nov 6	39,303.01
Hang Seng / Nov 6	20,407.15
FTSE 100 / Nov 6	8,284.30
Germany DAX 30 / Nov 6	19,412.80

Item	Value
Gold 10 Grams PKR / Nov 5	242,798
Crude Oil USD/Barrel / Nov 6	71.12
Karachi Cotton PKR/37.32 KG / Nov 6	18,285
Gold Spot USD/Ounce / Nov 6	2,742.04
Cotton US¢/pound / Nov 6	69.41
Petrol/Litre / Nov 7	248.38

Stock	Price
786 Invest Ltd / Nov 7 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 7 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 7 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 7 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 7 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 7 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 7 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 7 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 7 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 7 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 7 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 7 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 7 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 7 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 7 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 7 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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