News Archives for Print - 2009-07-04

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 03, 2009).

Published 04 Jul, 2009 12:00am

Malaysian shares closed down 0.6 percent on Friday on weak sentiment following poor US economic data overnight, dealers said. The Kuala Lumpur Composite Index fell 6.02 points to close at 1,072.69 with a volume of 1.1 billion shares worth 983.87 million r

Published 04 Jul, 2009 12:00am

US Treasury bond prices rally

US Treasury bond prices climbed on Thursday as an unexpectedly sharp drop in June payrolls shook confidence in the prospects of economic stabilisation, though supply concerns limited gains. The Treasury Department announced the sale of $73 billion in long

Published 04 Jul, 2009 12:00am

Bleak payrolls report mauls Wall Street

US stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects. News that US employers shed nearly half a million jobs

Published 04 Jul, 2009 12:00am

Taiwan stocks edge down

Taiwan stocks edged down 0.03 percent on Friday, with weak US jobs data sending TSMC and other export-reliant technology shares lower, but gains in financial shares helped contain the decline. The main TAIEX share index closed 2.13 points lower at 6,665.4

Published 04 Jul, 2009 12:00am

Hong Kong shares slightly firmer

Hong Kong share prices finished 0.14 percent higher on Friday, supported by gains in energy stocks due to lower oil prices and improved demand for coal, dealers said. The benchmark Hang Seng Index added 25.35 points to 18,203.40. Turnover was 54.29 billio

Published 04 Jul, 2009 12:00am

JGB futures hit three-month high

Japanese government bonds climbed and futures hit a three-month high on Friday as stocks dropped after bleak US jobs data dampened expectations about the pace of economic recovery, helping demand for government debt. Investors continued to pick up cash bo

Published 04 Jul, 2009 12:00am

The Weather

The weather report on Friday (July 03, 2009) and the forecast for Saturday (July 04, 2009).

Published 04 Jul, 2009 12:00am

JGB futures hit three-month high

Japanese government bonds climbed and futures hit a three-month high on Friday as stocks dropped after bleak US jobs data dampened expectations about the pace of economic recovery, helping demand for government debt. Investors continued to pick up cash bo

Published 04 Jul, 2009 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 03, 2009).

Published 04 Jul, 2009 12:00am

China to urge US not to levy tyre duties

Beijing will urge US President Barack Obama to desist from imposing duties on Chinese tyres because such a step would send a worrying signal about trade protectionism, China's commerce ministry said on Friday. The US International Trade Commission recomme

Published 04 Jul, 2009 12:00am

US Treasury bond prices rally

US Treasury bond prices climbed on Thursday as an unexpectedly sharp drop in June payrolls shook confidence in the prospects of economic stabilisation, though supply concerns limited gains. The Treasury Department announced the sale of $73 billion in long

Published 04 Jul, 2009 12:00am

Moody's strips Ireland of its last AAA rating

Moody's on Thursday cut Ireland's government bond rating to 'Aa1' from 'Aaa', becoming the last of the three main agencies to strip one of the industrialised world's worst performing economies of its top credit rating. "Moody's concluded that there was a

Published 04 Jul, 2009 12:00am

Army helicopter crash kills 26: Taliban claim downing

At least 26 security personnel on board a military helicopter were killed at the border of Orakzai and Khyber agency on Friday when it crashed due to a technical fault, security officials said. The accident occurred on the border of the semi-autonomous Or

Published 04 Jul, 2009 12:00am

Indonesian central bank cuts rates, cycle almost ended

Indonesia's central bank cut its key interest rate by 25 basis points to a record low of 6.75 percent on Friday and signalled it was nearing the end of a rate cutting cycle. Bank Indonesia said inflation was not a concern despite a surge in global commodi

Published 04 Jul, 2009 12:00am

Army helicopter crash kills 26: Taliban claim downing

At least 26 security personnel on board a military helicopter were killed at the border of Orakzai and Khyber agency on Friday when it crashed due to a technical fault, security officials said. The accident occurred on the border of the semi-autonomous Or

Published 04 Jul, 2009 12:00am

Moody's strips Ireland of its last AAA rating

Moody's on Thursday cut Ireland's government bond rating to 'Aa1' from 'Aaa', becoming the last of the three main agencies to strip one of the industrialised world's worst performing economies of its top credit rating. "Moody's concluded that there was a

Published 04 Jul, 2009 12:00am

17 die in US missile strike

US missiles struck a training facility operated by Taliban leader Baitullah Mehsud and a militant communication centre on Friday, killing 17 people and wounding 27 others, intelligence officials said. The two attacks by drone aircraft took place in South

Published 04 Jul, 2009 12:00am

California in 'fiscal emergency' over budget woes

California Governor Arnold Schwarzenegger declared a fiscal emergency on Wednesday, forcing lawmakers to tackle a budget gap that has raised the prospect of drastic measures to keep the state working. Lawmakers debated late into the night Tuesday but coul

Published 04 Jul, 2009 12:00am

17 die in US missile strike

US missiles struck a training facility operated by Taliban leader Baitullah Mehsud and a militant communication centre on Friday, killing 17 people and wounding 27 others, intelligence officials said. The two attacks by drone aircraft took place in South

Published 04 Jul, 2009 12:00am

Manila central bank mulling how to end easing cycle

The Philippines' central bank chief on Friday again signalled that investors could expect an interest rate cut next week as the bank considers when to join Asian peers in halting the monetary easing cycle. "It is not the time to implement an exit strategy

Published 04 Jul, 2009 12:00am

Hong Kong dollar ends flat

The Hong Kong dollar held within a narrow range against the US dollar on Friday, while interbank rates nudged lower after further fund injections by the Hong Kong Monetary Authority (HKMA) during New York trading hours to defend the currency peg and amid

Published 04 Jul, 2009 12:00am

Federer reaches record 20th Grand Slam final

Roger Federer reached a record 20th Grand Slam final and a seventh straight Wimbledon title match with a 7-6 (7/3), 7-5, 6-3 win over German veteran Tommy Haas in the semi-finals on Friday. Five-time Wimbledon champion Federer, who is chasing a record 15t

Published 04 Jul, 2009 12:00am

Chelsea reject City's latest Terry offer

Chelsea say they have "completely rejected" an offer reported to be in the region of 30 million pounds by Manchester City for their captain John Terry. This was City's second attempt to lure the 28-year-old, who is under contract until 2012, to Eastlands

Published 04 Jul, 2009 12:00am

Wimbledon at mercy of Williams sisters

Venus and Serena Williams clash in a fourth all-sister Wimbledon final on Saturday determined to prove that their domination of the event is not a backward step for the sport's future welfare. Despite 128 players starting out in the first round last week,

Published 04 Jul, 2009 12:00am

Former ICC chief warns against India-led cartel

A Pakistani former head of cricket's international governing body on Friday accused India of exploiting its financial clout by trying to form a cartel of top nations. Former International Cricket Council (ICC) president Ehsan Mani warned against attempts

Published 04 Jul, 2009 12:00am

Williams sisters reach doubles final

Venus and Serena Williams, who will contest the Wimbledon singles final for a fourth time in Saturday, reached the final of the women's doubles for a second successive year on Friday. The three-time defending champions defeated top seeds Cara Black of Zim

Published 04 Jul, 2009 12:00am

South Korean won turns higher

The South Korean turned higher against the dollar on Friday as local shares swung to positive territory and helped by exporters' bids for settlements. The won received further support as investors cleared dollar-long positions and booked profits from gain

Published 04 Jul, 2009 12:00am

Taiwan dollar up

The Taiwan dollar rose on Friday as exporters took advantage of the weak currency to meet cash needs at home, but trade was thin as many investors stayed away ahead of a holiday in the United States. The Taiwan dollar opened at an intraday low of T$33.095

Published 04 Jul, 2009 12:00am

Swiss franc resilient

The Swiss franc made steady ground against the dollar on Friday but slipped slightly against the euro following a resilient showing against both currencies on Thursday in spite of SNB noises aied at softening the franc. The franc dropped 0.1 percent again

Published 04 Jul, 2009 12:00am

Asian currencies move mixed

The Indonesian rupiah fell on profit-taking on Friday as investors took advantage of its recent rally and the dollar's lingering strength, while the Malaysian ringgit followed the euro lower. The euro pared some losses against the dollar after hitting a o

Published 04 Jul, 2009 12:00am

FBR to fully enforce VAT at retail stage by July 2010

The Federal Board of Revenue has finally decided to fully enforce Value Added Tax (VAT) regime at the entire retail stage including big retailers, retail outlets, manufacturers, wholesalers, distributors, suppliers and shopkeepers from July 1, 2010.

Published 04 Jul, 2009 12:00am

Australian dollar recovers

The Australian dollar recovered almost a cent on Friday from near two-week lows struck offshore as robust domestic data helped offset fresh doubts on the global recovery following gloomy US jobs data. While the jobs report from the US weighed down on stoc

Published 04 Jul, 2009 12:00am

Dollar up as jobs data raises

The dollar rose against major currencies on Thursday after bleak US jobs data renewed concerns about the economy and enhanced the greenback's safe-haven appeal. US Treasury bonds rose and stocks fell more than 2 percent after a government report showed US

Published 04 Jul, 2009 12:00am

Euro off lows

The euro struggled back from its lowest levels in a week on Friday, after a wave of sell orders compounded losses made on bleak US jobs numbers, and it found support as some investors judged it may have slipped too far. Dealers said the euro hit stop-loss

Published 04 Jul, 2009 12:00am

Chinese yuan ends down

The yuan closed slightly weaker against the dollar on Friday as the Chinese central bank fixed a lower reference rate after the dollar rose overnight on risk-aversion buying propelled by weak US June jobs figures. But yuan trading was quiet as dealers sai

Published 04 Jul, 2009 12:00am

Philippines shares drop

Philippines share prices closed 0.27 percent lower on Friday, pulled down by a slump in overseas markets as foreign investors stayed on the sidelines, dealers said. The composite index fell 6.70 points to 2,431.34 while the all-shares index shed 0.16 perc

Published 04 Jul, 2009 12:00am

Chinese shares climb

Chinese shares rose 0.92 percent on Friday as news that Beijing will further limit large volume sales of state-owned shares, dealers said. The Shanghai Composite Index, which covers A and B shares, was up 28.11 points to 3,088.37 on turnover of 177.4 bill

Published 04 Jul, 2009 12:00am

Nikkei sags

Japan's Nikkei stock average lost 0.6 percent on Friday to end the week down, bruised by US jobs data that dented hopes of economic recovery and dragged down by retailers after Seven & I tumbled on poor results. Oil-linked shares fared badly after oil ext

Published 04 Jul, 2009 12:00am

Seoul shares make gains

Seoul shares rose on Friday, rebounding from an early 1.6 percent drop, as gains by some technology and pharmaceutical issues lent support to the index. The Korea Composite Stock Price Index (KOSPI) finished up 0.61 percent at 1,420.04 points.

Published 04 Jul, 2009 12:00am

Singapore shares tumble

Singapore shares closed 0.91 percent lower on Friday, tracking overnight Wall Street losses in reaction to disappointing US jobs data, dealers said. The main Straits Times Index dropped 21.07 points to 2,299.75. Volume totalled 1.08 billion shares worth 8

Published 04 Jul, 2009 12:00am

US toxic securities funds launch seen at $20 billion

The US Treasury will launch its public/private investment fund program to buy up toxic securities with an initial funding of $20 billion from public and private sources, a level scaled back considerably from initial plans, people familiar with the matter

Published 04 Jul, 2009 12:00am

US regulators close seven banks

US bank regulators closed seven institutions on Thursday, including six banks in Illinois controlled by one family and a small bank in Dallas, bringing the total number of US bank failures to 52 so far this year. Founders Bank, of Worth, Illinois, was the

Published 04 Jul, 2009 12:00am

South Korea to amend laws for Islamic bond issues

South Korea plans to amend laws to help local companies issue Islamic bonds, finance ministry officials said on Friday. Islamic bonds, or sukuk, do not pay interest and are underpinned by tangible assets. South Korea's tax laws recognise interest that bon

Published 04 Jul, 2009 12:00am

Major nations should back dollar as key currency: Japan

Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday. China has asked for debate on

Published 04 Jul, 2009 12:00am

Case registered against Zulfiqar Mirza

The Sohrab Goth police have registered a case against Sindh Home Minister Dr Zulfiqar Mirza, District Police Officer (DPO) Rao Anwar, DSP Gadap Town Iftikhar Lodhi, SHO Sohrab Goth Nasir-ul-Hasan and SHO Gulshan-e-Maymar Amanullah Marwat for killing two S

Published 04 Jul, 2009 12:00am

Eurozone retail sales fall further

Eurozone retail sales fell further than expected in May, data showed on Friday, dampening hopes that an improvement in consumer spending might ease the recession. Retail sales in the 16-country currency area fell 0.4 percent month-on-month, the European U

Published 04 Jul, 2009 12:00am

Case registered against Zulfiqar Mirza

The Sohrab Goth police have registered a case against Sindh Home Minister Dr Zulfiqar Mirza, District Police Officer (DPO) Rao Anwar, DSP Gadap Town Iftikhar Lodhi, SHO Sohrab Goth Nasir-ul-Hasan and SHO Gulshan-e-Maymar Amanullah Marwat for killing two S

Published 04 Jul, 2009 12:00am

Global Fund faces about $3 billion aid shortfall

The Global Fund to Fight AIDS, Tuberculosis and Malaria is facing a budget hole of about $3 billion as the recession dries up foreign aid, the Geneva-based funding body said on Friday. Spokeswoman Marcela Rojo said that $170 million is still needed to pay

Published 04 Jul, 2009 12:00am

ISE index loses 8.22 points

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) on Friday where equities showed negative signs amid decrease in index. ISE Ten Index showed a decrease of 8.22 points as it closed at 1,799.03 points. The volume of trade amounted to

Published 04 Jul, 2009 12:00am

US toxic securities funds launch seen at $20 billion

The US Treasury will launch its public/private investment fund program to buy up toxic securities with an initial funding of $20 billion from public and private sources, a level scaled back considerably from initial plans, people familiar with the matter

Published 04 Jul, 2009 12:00am

US Marines push deeper into southern Afghan towns

US Marines pushed deeper into Taliban areas of southern Afghanistan on Friday, seeking to cut insurgent supply lines and win over local elders on the second day of the biggest US military operation here since the American-led invasion of 2001.

Published 04 Jul, 2009 12:00am

South Korea to amend laws for Islamic bond issues

South Korea plans to amend laws to help local companies issue Islamic bonds, finance ministry officials said on Friday. Islamic bonds, or sukuk, do not pay interest and are underpinned by tangible assets. South Korea's tax laws recognise interest that bon

Published 04 Jul, 2009 12:00am

South Korea to amend laws for Islamic bond issues

South Korea plans to amend laws to help local companies issue Islamic bonds, finance ministry officials said on Friday. Islamic bonds, or sukuk, do not pay interest and are underpinned by tangible assets. South Korea''''s tax laws recognise interest that

Published 04 Jul, 2009 12:00am

China moves on Opel with BAIC bid

A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday. State-owned Beijing Automotive (BAIC) has submitted an indicative, non-binding offer for German

Published 04 Jul, 2009 12:00am

Pakistan's economy looking for lubricants

Pakistan's economy is in desperate search for a lubricant, as the latest data reveals that credit to private sector nearly zeroed in the first eleven months of fiscal year 2008-09 (it is actually in negative territory as per weekly data released by SBP),

Published 04 Jul, 2009 12:00am

German lower house approves 'bad bank' plan

Germany's Bundestag lower house of parliament approved a "bad bank" plan on Friday that aims to relieve banks by enabling them to shift billions of euros in troubled assets off their books. The parliamentary parties in the ruling coalition earlier this we

Published 04 Jul, 2009 12:00am

US Marines push deeper into southern Afghan towns

US Marines pushed deeper into Taliban areas of southern Afghanistan on Friday, seeking to cut insurgent supply lines and win over local elders on the second day of the biggest US military operation here since the American-led invasion of 2001.

Published 04 Jul, 2009 12:00am

US rice futures higher

US rice futures on the Chicago Board of Trade rallied to a two-week high on Thursday, fuelled by technical buying after the market surpassed several key moving averages, traders said. Weekly export sales data issued by USDA was supportive, although there

Published 04 Jul, 2009 12:00am

Pakistan''''s economy looking for lubricants

Pakistan''''s economy is in desperate search for a lubricant, as the latest data reveals that credit to private sector nearly zeroed in the first eleven months of fiscal year 2008-09 (it is actually in negative territory as per weekly data released by SBP

Published 04 Jul, 2009 12:00am

US copper lower

US copper futures ended lower on Thursday, as a stronger dollar and concerns about economic recovery from weak June US unemployment data weighed on values ahead of the long holiday weekend. New York commodity markets will be closed Friday in observance of

Published 04 Jul, 2009 12:00am

Pakistan''s economy looking for lubricants

Pakistan''s economy is in desperate search for a lubricant, as the latest data reveals that credit to private sector nearly zeroed in the first eleven months of fiscal year 2008-09 (it is actually in negative territory as per weekly data released by SBP),

Published 04 Jul, 2009 12:00am

UK embassy staff face trial

A senior Iranian cleric warned on Friday that detained British embassy staff would face trial for their alleged role in post-election unrest, and EU countries summoned Iranian envoys to protest against the detentions. Britain said it was urgently seeking

Published 04 Jul, 2009 12:00am

New bubbles rising in China property market: state media

China's recent moves to ease curbs on the real estate sector have sent prices soaring recently, stoking fears that new property bubbles are forming, state media reported Friday. Residential property prices in Beijing's Central Business District rose 6.5 p

Published 04 Jul, 2009 12:00am

FBR to fully enforce VAT at retail stage by July 2010

The Federal Board of Revenue has finally decided to fully enforce Value Added Tax (VAT) regime at the entire retail stage including big retailers, retail outlets, manufacturers, wholesalers, distributors, suppliers and shopkeepers from July 1, 2010.

Published 04 Jul, 2009 12:00am

Australian vehicle sales surge, services rebound

Australian vehicles sales surged in June to their third highest volume ever while activity in the service sector boasted the first expansion in 15 months, evidence that policy stimulus was fuelling consumer demand. The upbeat industry reports only added t

Published 04 Jul, 2009 12:00am

FBR to fully enforce VAT at retail stage by July 2010

The Federal Board of Revenue has finally decided to fully enforce Value Added Tax (VAT) regime at the entire retail stage including big retailers, retail outlets, manufacturers, wholesalers, distributors, suppliers and shopkeepers from July 1, 2010.

Published 04 Jul, 2009 12:00am

Eurozone ministers to raise fears of slow recovery

Eurozone finance ministers are expected to voice fears on Monday that a recovery from the economic crisis could be slow as the region's ability to generate new wealth will shrink, diplomats said. At a monthly meeting, the ministers are also likely to conc

Published 04 Jul, 2009 12:00am

Plea to reverse budgetary decision on DTRE approval

Exporters have approached the Federal Board of Revenue for withdrawal of a customs-related budgetary decision to transfer the powers of Duty and Tax Remission of Export (DTRE) approvals from collectors of customs to sales tax collectors. In budget 2009-10

Published 04 Jul, 2009 12:00am

Investment cut at huge Kazakhstan oil field: company

The international consortium developing the giant Kashagan oil field in Kazakhstan will cut spending on the project due to the global economic crisis, the Kazakh state energy company said Thursday. But the decision should not delay the start of production

Published 04 Jul, 2009 12:00am

Plea to reverse budgetary decision on DTRE approval

Exporters have approached the Federal Board of Revenue for withdrawal of a customs-related budgetary decision to transfer the powers of Duty and Tax Remission of Export (DTRE) approvals from collectors of customs to sales tax collectors. In budget 2009-10

Published 04 Jul, 2009 12:00am

Bank of Ireland's lending margins under pressure

Bank of Ireland said on Friday its lending margins were under pressure in a competitive market, weakening its defences against billions of euros of expected losses from soured property loans. "I have no doubt that we face a difficult and demanding journey

Published 04 Jul, 2009 12:00am

Shanghai copper falls

Shanghai copper ended down 1 percent on Friday, after dismal US job data raised doubts about a speedy economic recovery, but traders and analysts expect demand for the industrial metal to improve in the second half of the year despite the summer lull. The

Published 04 Jul, 2009 12:00am

'Carbon tariff' proposals breach WTO rules: China

A proposal to impose "carbon tariffs" on imported products will violate the rules of the World Trade Organisation as well as the spirit of the Kyoto Protocol, China's Ministry of Commerce said. In a statement posted on its website, the ministry said colle

Published 04 Jul, 2009 12:00am

Plea to reverse budgetary decision on DTRE approval

Exporters have approached the Federal Board of Revenue for withdrawal of a customs-related budgetary decision to transfer the powers of Duty and Tax Remission of Export (DTRE) approvals from collectors of customs to sales tax collectors. In budget 2009-10

Published 04 Jul, 2009 12:00am

Trichet sees confidence key to recovery

A recovery in confidence by households and businesses will be crucial to economic recovery, European Central Bank President Jean-Claude Trichet said, according to the transcript of a television interview. "Households themselves can fight back," he said, a

Published 04 Jul, 2009 12:00am

ISE index loses 8.22 points

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) on Friday where equities showed negative signs amid decrease in index. ISE Ten Index showed a decrease of 8.22 points as it closed at 1,799.03 points. The volume of trade amounted to

Published 04 Jul, 2009 12:00am

India's railway budget focuses on fares, services

India's railway minister unveiled a mix of populist measures, including cheap tickets for the poor and no increase in freight or passenger fares, as well as steps to boost the sprawling system's efficiency and finances. Friday's railway budget speech unde

Published 04 Jul, 2009 12:00am

UK embassy staff face trial

A senior Iranian cleric warned on Friday that detained British embassy staff would face trial for their alleged role in post-election unrest, and EU countries summoned Iranian envoys to protest against the detentions. Britain said it was urgently seeking

Published 04 Jul, 2009 12:00am

Rio wraps up rights issue, Australian demand strong

Global miner Rio Tinto wrapped up one of the world's biggest rights issues on Friday, saying Australian shareholders had taken up 95 percent of their entitlements to the new shares. On Thursday, British shareholders had taken up 97 percent of the deeply-d

Published 04 Jul, 2009 12:00am

South Korea to amend laws for Islamic bond issues

South Korea plans to amend laws to help local companies issue Islamic bonds, finance ministry officials said on Friday. Islamic bonds, or sukuk, do not pay interest and are underpinned by tangible assets. South Korea''s tax laws recognise interest that bo

Published 04 Jul, 2009 12:00am

Japan's new foreign exchange tsar seen sticking to current stance

International policy veteran Rintaro Tamaki, who will become Japan's top currency diplomat in a regular personnel reshuffle at the Finance Ministry, is not expected to make major changes in policy, despite facing a number of thorny issues. Tamaki, who tak

Published 04 Jul, 2009 12:00am

Tarin expresses urgency to privatise Wapda and Railways

The Advisor to Prime Minister on Finance, Shakat Tarin, has said that the government does not have the financial resources to pay huge subsidies, amounting to almost 5 percent of GDP, to Wapda and Railways alone. Addressing, as chief guest, the conference

Published 04 Jul, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (03 July 2009)

Published 04 Jul, 2009 12:00am

WPF concludes three-day training

World Population Foundation (WPF), Pakistan concluded three-day training for the master trainers on Sexual and Reproductive Health and Rights (SRHR) education for adolescent girls and boys. This initiative is part of its flag ship programme "Life Skills B

Published 04 Jul, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (03 July 2009)

Published 04 Jul, 2009 12:00am

FIA advisory body on IPR issues constituted

The Federal Investigation Agency (FIA) has constituted an advisory committee to suggest steps for enforcement of Intellectual Property Rights (IPR) to meet the challenges ahead of the IPR mechanism.

Published 04 Jul, 2009 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Friday (July 03, 2009).

Published 04 Jul, 2009 12:00am

NRO not discussed in CJP-President meeting, says Supreme Court registrar

Supreme Court Registrar Dr Faqir Hussain on Friday shunned the impression that Chief Justice Iftikhar Muhammad Chaudhry had any discussion with President Asif Ali Zardri on the subject of National Reconciliation Ordinance (NRO) during their meeting at Pre

Published 04 Jul, 2009 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2009 12:00am

Tax gap of 50-60 percent in revenue collection: Yusuf

There is huge tax gap of 50-60 percent in the overall revenue collection of the Federal Board of Revenue due to leakage, narrow tax base and un-documented economy in the country. On the conclusion of the conference on 'privatisation with public private pa

Published 04 Jul, 2009 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2009 12:00am

President initiates consultative process for constitutional reforms

President Asif Ali Zardari Friday night initiated a consultative process within the Pakistan People's Party for constitutional reforms. A marathon brain storming session attended by the party's leading members constituting informal think-tank was held lat

Published 04 Jul, 2009 12:00am

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2009 12:00am

PTI takes out rally against hike in POL prices, loadshedding

Imran Khan, Head of Pakistan Tehrik-e-Insaf (TIP), at Lahore, leading an agitation against the rise in the cost of petroleum, electricity and load shedding, took a rally of his party from the GPO to Assembly House, on Friday. Imran Khan led the rally, on

Published 04 Jul, 2009 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Jul, 2009 12:00am

Jamaat-i-Islami holds demonstration against price-hike, loadshedding

Jamaat-i-Islami staged a protest demonstration against price-hike and power loadshedding, here on Friday. The demonstration that started from historical Majid Mohabbat Khan was converted into a public meeting at Chowk Yadgar. Shabbir Ahmad Khan, a former

Published 04 Jul, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
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Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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