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Print - 2010-05-16
US gold flat after rally but posts fourth weekly rise

US gold flat after rally but posts fourth weekly rise

Gold ended flat on Friday after an early rally to record highs fizzled, but the metal posted its fourth straight weekly increase as jittery investors fretted that a $1 trillion European rescue could be too late to contain debt contagion.
Published 16 May, 2010 12:00am
Workers of water plant tortured

Workers of water plant tortured

Some unknown armed persons tortured four workers who were leaving for home in a rickshaw after completing their work at clean drinking water plant situated in a school at Chak No 484 GB, Union Council No 107 Sumandri. The news item appeared in one of the
Published 16 May, 2010 12:00am
Relatives protest against Hamesh Khan

Relatives protest against Hamesh Khan

Relatives of former Punjab Bank President Hamesh Khan staged a protest demonstration against him for implicating them in fake cases and usurping their land here on Saturday.
Published 16 May, 2010 12:00am
Cost reduction in sugar mills

Cost reduction in sugar mills

Sugar production is an agro-based industrial activity. Sugar is a food item of daily use. Its price and availability have always been of political significance in the country. It is alleged that some of the sugar companies, having political clout and undu
Published 16 May, 2010 12:00am
Japan postpones US base decision by half year

Japan postpones US base decision by half year

Japan will postpone a deadline for resolving a row over relocating a US base by up to half a year to November, abandoning Prime Minister Yukio Hatoyama's original end-May target, the daily Sankei Shimbun said on Saturday. The decision will be conveyed to
Published 16 May, 2010 12:00am
Briton wins 100 million euros lottery

Briton wins 100 million euros lottery

A ticketholder in Britain scooped more than 100 million euros (123.6 million dollars) in the EuroMillions draw on Friday, the largest ever lottery win in Britain, organisers said. A spokesman for Camelot, which operates the lottery in Britain, said: "This
Published 16 May, 2010 12:00am
Indian state to airlift supplies amid blockade

Indian state to airlift supplies amid blockade

Authorities in a restive north-eastern Indian state will airlift crucial medical supplies to the region because of a 40-day highway blockade by tribal protestors, officials said Saturday. Hundreds of agitated Naga tribespeople are blocking two vital highw
Published 16 May, 2010 12:00am
Obama extends sanctions on Myanmar

Obama extends sanctions on Myanmar

President Barack Obama on Friday formally extended sanctions against Myanmar, keeping US pressure on a military regime aiming to hold its first elections in more than two decades later this year. Obama extended the emergency sanctions, first employed in M
Published 16 May, 2010 12:00am
Iran says conditions right for nuclear fuel deal

Iran says conditions right for nuclear fuel deal

Iran talked up chances of a deal on a nuclear fuel swap on Saturday, the day after UN Security Council power Russia said the likelihood of Brazil brokering a deal were 30 percent at best. Brazil's President Luiz Inacio Lula da Silva planned to press Iran'
Published 16 May, 2010 12:00am
Palestinians again mark Israel 'catastrophe'

Palestinians again mark Israel 'catastrophe'

Palestinians marked on Saturday another day of remembering the anniversary of what they call the Naqba, the "catastrophe" of Israel's creation in 1948, demanding the right of return of refugees. Some 4,000 people marched in Gaza City in response to a join
Published 16 May, 2010 12:00am
US war veteran seeks Indian asylum

US war veteran seeks Indian asylum

A former US soldier who says he fought in the Vietnam War has torn up his passport and is asking India to grant him political asylum, reports said Saturday. Jeff Knaebel, who has been living in the hill resort town of Shimla in northern India since 1995,
Published 16 May, 2010 12:00am
Iranian cleric wants creation of 'Greater Iran'

Iranian cleric wants creation of 'Greater Iran'

A radical cleric called Saturday for the creation of a ``Greater Iran' that would rule over the entire Middle East and Central Asia, in an event that he said would herald the coming of Islam's expected messiah. Ayatollah Mohammad Bagher Kharrazi said the
Published 16 May, 2010 12:00am
First draft agreement unveiled at NPT conference

First draft agreement unveiled at NPT conference

The first draft agreement designed to free the planet from nuclear arms was circulated here at a conference on the 189-nation Non-Proliferation Treaty (NPT). The draft, a copy of which was obtained by AFP, proposes a 26-point action plan to establish peac
Published 16 May, 2010 12:00am
Woman charged with attempted murder of Labour MP

Woman charged with attempted murder of Labour MP

A 21-year-old woman has been charged with the attempted murder of Labour MP Stephen Timms, who was stabbed at a meeting with constituents in east London on Friday, police said. Roshonara Choudhary, who is unemployed, will appear at Stratford Magistrates'
Published 16 May, 2010 12:00am
Karzai, Cameron agree to strengthen ties

Karzai, Cameron agree to strengthen ties

David Cameron agreed his new government had to strengthen Britain's ties with Kabul as he met Afghan President Hamid Karzai on Saturday in his first meeting with a foreign leader as prime minister. Karzai, on his way home from Washington, stopped off in B
Published 16 May, 2010 12:00am
BP struggles in latest bid to contain US oil spill

BP struggles in latest bid to contain US oil spill

British energy giant BP's latest effort to contain the massive Gulf of Mexico oil spill has run into problems, US Interior Secretary Ken Salazar said on Saturday, while the company's chief executive appeared to dismiss the disaster as "tiny." The accident
Published 16 May, 2010 12:00am
White House keeps up heat on BP

White House keeps up heat on BP

Top Obama administration officials demanded "immediate public clarification" on Saturday from BP Plc Chief Executive Tony Hayward over BP's intentions about paying costs associated with the Gulf of Mexico oil spill.
Published 16 May, 2010 12:00am
Maliki 'hijacking' Iraq elections: top Saudi prince

Maliki 'hijacking' Iraq elections: top Saudi prince

Former Saudi intelligence chief Prince Turki al-Faisal accused Iraqi Prime Minister Nuri al-Maliki on Saturday of trying to "hijack" the results of Iraq's March general election. "Adding to the brutal mayhem taking place there, we are watching a deliberat
Published 16 May, 2010 12:00am
30 militants dead in Afghan, Nato raids

30 militants dead in Afghan, Nato raids

Afghan and coalition forces conducted sweeps across Afghanistan that left at least 30 militants dead, while insurgents in the east killed five security guards in an ambush on a convoy, officials said Saturday. International and Afghan forces carried out a
Published 16 May, 2010 12:00am
Over 160 killed in Darfur clashes

Over 160 killed in Darfur clashes

Clashes between Sudan's army and Darfur's most powerful rebel group have left more than 160 people dead, Sudanese security officials said Saturday. The violence comes less than two weeks after the rebel Justice and Equality Movement broke off talks with t
Published 16 May, 2010 12:00am
Collingwood unfazed by Australian win

Collingwood unfazed by Australian win

England captain Paul Collingwood said he was unsurprised by Australia's remarkable last-over win over Pakistan and believes his team are ready to beat their old rivals in Sunday's Twenty20 World Cup final. Mike Hussey hit 60 off 24 balls, including three
Published 16 May, 2010 12:00am
Australia target Pietersen ahead of final

Australia target Pietersen ahead of final

Australia captain Michael Clarke wasted little time in upping the pressure on England's Kevin Pietersen ahead of the World Twenty20 final between cricket's oldest rivals here on Sunday. Pietersen has led the way for England with 201 runs at an average of
Published 16 May, 2010 12:00am
Looking forward to another thriller in the final: Waqar Younis

Looking forward to another thriller in the final: Waqar Younis

Pakistan coach Waqar Younis could hardly believe Hussey's heroics after he brought Australia back from the lifeless to sneak past Pakistan in a 24-ball innings of 60 not out and book their place against England. "The World Twenty 20 is set for a final and
Published 16 May, 2010 12:00am
'Frustrated' Younus demands suspension of ban

'Frustrated' Younus demands suspension of ban

Frustrated former Pakistan cricket captain Younus Khan Saturday demanded that his indefinite ban be suspended as the allegations against him were unfounded, his lawyer said. The one-man tribunal of retired justice Irfan Qadir adjourned the hearing on Youn
Published 16 May, 2010 12:00am
Nadal reaches Madrid Masters final

Nadal reaches Madrid Masters final

Rafael Nadal dropped his first set of the week but recovered to record a stirring 4-6, 6-2, 6-2 defeat of fellow Spaniard Nicolas Almagro to reach his second successive Madrid Masters final here on Saturday. Roger Federer was playing later against Spain's
Published 16 May, 2010 12:00am
McGlashan sets up NZ-Australia final

McGlashan sets up NZ-Australia final

Sara McGlashan saw New Zealand into the final of the women's World Twenty20 against arch-rivals Australia as her superb innings of 84 set up a 56-run over the West Indies here on Friday. McGlashan's innings was the cornerstone of the White Ferns' 180 for
Published 16 May, 2010 12:00am
Dundee United crush Ross County 3-0 in Scottish Cup final

Dundee United crush Ross County 3-0 in Scottish Cup final

Dundee United eased to their first Scottish Cup Final win in 16 years with a 3-0 win over second division Ross County on Saturday. The first half was a fraught affair with no clear-cut chances and it took an incredible 30-metre lobbed shot from United's D
Published 16 May, 2010 12:00am
Modi replies to graft charges

Modi replies to graft charges

Suspended Indian Premier League boss Lalit Modi kept the Saturday deadline to respond to charges of corruption and indiscipline levelled by the country's cricket board. Modi himself stayed away from the spotlight as he sent his lawyer Mehmood Abdi to subm
Published 16 May, 2010 12:00am
Chelsea win dramatic: FA Cup final

Chelsea win dramatic: FA Cup final

Chelsea overcame a resilient Portsmouth to win a dramatic FA Cup final 1-0 at Wembley Stadium on Saturday and achieve their first League and Cup Double. Didier Drogba got the winner with a 59th minute free-kick after they hit the woodwork five times in th
Published 16 May, 2010 12:00am
Ashley wins sixth winners' medal

Ashley wins sixth winners' medal

Chelsea defender Ashley Cole became the first player to collect six FA Cup winners' medals when Chelsea beat Portsmouth 1-0 at Wembley Stadium on Saturday. Cole won his first winners' medal playing for Arsenal against Chelsea in 2002 and won further medal
Published 16 May, 2010 12:00am
India face South Korea in Sultan Azlan Shah Cup final

India face South Korea in Sultan Azlan Shah Cup final

India will defend the Sultan Azlan Shah Cup against Asian champions South Korea in the Sunday final after world champions Australia narrowly missed the cut. The Indians qualified when they topped the group with 13 points after thrashing Egypt 7-1 in Ipoh,
Published 16 May, 2010 12:00am
Canadian dollar slips

Canadian dollar slips

Canada's dollar fell to its lowest level of the week against the US dollar on Friday as festering worries that euro zone austerity measures could hamper economic recovery spoiled appetite for riskier assets.
Published 16 May, 2010 12:00am
Swaps with foreign central banks total $9.2 bl : New York Fed

Swaps with foreign central banks total $9.2 bl : New York Fed

The Federal Reserve provided $9.205 billion of liquidity to foreign central banks since reopening foreign exchange swap lines this week, the New York Fed said on Thursday. The European Central Bank was the sole institution to tap the swap lines this week,
Published 16 May, 2010 12:00am
Taiwan dollar up

Taiwan dollar up

The Taiwan dollar edged up on Friday, outperforming most regional peers on buying by the island's exporters, with investors wary of more intervention by the island's central bank. At noon the local currency was traded at T$31.648, up T$0.13 or 0.4 percent
Published 16 May, 2010 12:00am
Net euro, sterling short bets hit fresh record

Net euro, sterling short bets hit fresh record

Currency speculators slightly pared bets in favour of the US dollar, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net long position totalled about $22.06 billion in the week ended May 11, compared with a n
Published 16 May, 2010 12:00am
Mexican peso sinks

Mexican peso sinks

Mexico's peso sank on Friday and stocks fell sharply on worries the measures being taken to confront a euro zone debt crisis could spur a new recession in Europe and crimp a global economic recovery. The peso lost 1.21 percent to 12.59 per US dollar while
Published 16 May, 2010 12:00am
Euro sinks to 18-month low on growth threat fears

Euro sinks to 18-month low on growth threat fears

The euro plunged to an 18-month low against the dollar on Friday as investors worried that harsh spending cuts mandated by a bailout plan may choke off a fragile recovery in the 16-country eurozone. The euro traded below $1.24 for the first time since lat
Published 16 May, 2010 12:00am
Forex outlook: Euro to slide further next week

Forex outlook: Euro to slide further next week

The euro is bound to slide further against most major currencies next week as a $1 trillion euro zone rescue effort is met with scepticism. After climbing close to $1.31 on Monday after the emergency package was unveiled, the single currency resumed decli
Published 16 May, 2010 12:00am
East African currencies falling against dollar

East African currencies falling against dollar

The Kenya, Tanzanian and Ugandan currencies were all seen weakening against the dollar in the coming week as they came under pressure from corporate sector demand for greenback and the volatile performance of the euro.
Published 16 May, 2010 12:00am
'Euro around equilibrium level'

'Euro around equilibrium level'

The current exchange rate of the euro is around the right equilibrium level and the recent fall in the single currency is helping Italy's exports, the chief economist of Italian employers' association Confindustria said.
Published 16 May, 2010 12:00am
Key three-month euribor rates hit four-month high

Key three-month euribor rates hit four-month high

Benchmark three-month Euribor bank-to-bank lending rates rose to a four-month high on Friday, as financial markets remain stressed despite a $1 trillion aid package aimed at resolving the region's debt crisis.
Published 16 May, 2010 12:00am
Wall Street slips as retailers, financials weigh

Wall Street slips as retailers, financials weigh

US stocks fell on Friday on a combination of weak earnings from retailers, Senate backing for limits on credit card fees and concerns over the sustainability of European public debt. Bank and credit card companies' shares slumped a day after the Senate vo
Published 16 May, 2010 12:00am
Treasuries surge

Treasuries surge

US government bonds rallied on Friday as persistent worries over the euro zone's debt crisis led investors to ditch stocks for the safer harbour of Treasuries. The bond market shrugged off data showing a bigger-than-expected rise in April US retail sales,
Published 16 May, 2010 12:00am
Treasuries surge

Treasuries surge

US government bonds rallied on Friday as persistent worries over the euro zone's debt crisis led investors to ditch stocks for the safer harbour of Treasuries. The bond market shrugged off data showing a bigger-than-expected rise in April US retail sales,
Published 16 May, 2010 12:00am
China bond yields easier

China bond yields easier

Chinese bond yields mostly fell on Friday after the economic planning agency said consumer inflation would ease in the third quarter but bill yields rose after the finance ministry failed to sell out its 273-day bills.
Published 16 May, 2010 12:00am
China bond yields easier

China bond yields easier

Chinese bond yields mostly fell on Friday after the economic planning agency said consumer inflation would ease in the third quarter but bill yields rose after the finance ministry failed to sell out its 273-day bills.
Published 16 May, 2010 12:00am
US corporate bond spreads widen

US corporate bond spreads widen

US credit spreads widened on Friday on persistent concerns over the success of a co-ordinated euro zone effort to contain its sovereign debt crisis. Deutsche Bank Chief Executive Josef Ackermann raised the latest doubts on Greece's ability to repay its de
Published 16 May, 2010 12:00am
US corporate bond spreads widen

US corporate bond spreads widen

US credit spreads widened on Friday on persistent concerns over the success of a co-ordinated euro zone effort to contain its sovereign debt crisis. Deutsche Bank Chief Executive Josef Ackermann raised the latest doubts on Greece's ability to repay its de
Published 16 May, 2010 12:00am
Brazil shares fall

Brazil shares fall

Brazil's stock and currency markets slumped on Friday over concerns fiscal austerity in euro zone countries could hurt growth in the region and stifle a global economic recovery. The worries about fallout from Europe's debt problems increased risk aversio
Published 16 May, 2010 12:00am
South Korean bonds pause after decline

South Korean bonds pause after decline

South Korean government bond prices paused on Friday after a two-day sell-off, but overall sentiment was cautious on the lack of confidence about the market's longer-term direction. Separate data suggesting Asia's fourth-largest economy would sustain reco
Published 16 May, 2010 12:00am
South Korean bonds pause after decline

South Korean bonds pause after decline

South Korean government bond prices paused on Friday after a two-day sell-off, but overall sentiment was cautious on the lack of confidence about the market's longer-term direction. Separate data suggesting Asia's fourth-largest economy would sustain reco
Published 16 May, 2010 12:00am
Mexican stocks sink

Mexican stocks sink

Mexico stocks fell sharply on Friday on worries the measures being taken to confront a euro zone debt crisis could spur a new recession in Europe and crimp a global economic recovery. The peso lost 1.21 percent to 12.59 per US dollar while the IPC stock i
Published 16 May, 2010 12:00am
Toronto main stocks index declines

Toronto main stocks index declines

Toronto's main stock index capped a roller-coaster week with a sharp drop on Friday as investors worried that heavy euro zone debt loads could derail global economic recovery. The worries pulled oil prices below $72 a barrel, spurring a 1.7 percent fall i
Published 16 May, 2010 12:00am
Indian bond yields weaker

Indian bond yields weaker

Indian federal bond yields extended their fall for the fourth straight day, as concerns of aggressive policy action by the central bank eased amid the prevailing global uncertainty triggered by euro zone debt crisis. The yield on the 10-year benchmark bon
Published 16 May, 2010 12:00am
Indian bond yields weaker

Indian bond yields weaker

Indian federal bond yields extended their fall for the fourth straight day, as concerns of aggressive policy action by the central bank eased amid the prevailing global uncertainty triggered by euro zone debt crisis. The yield on the 10-year benchmark bon
Published 16 May, 2010 12:00am
US IPO market suffering from poor quality companies

US IPO market suffering from poor quality companies

While a rocky stock market is one reason for the US IPO market's recent struggles, equity underwriters and the quality of the companies they bring to market bear much of the responsibility. Overly ambitious valuations as well as a surfeit of private equit
Published 16 May, 2010 12:00am
Thai bond yields drop

Thai bond yields drop

Thai bond yields fell to a nine-month low on Friday as a flare up in violence prompted investors to rush to the relative safety of government debt.
Published 16 May, 2010 12:00am
Thai bond yields drop

Thai bond yields drop

Thai bond yields fell to a nine-month low on Friday as a flare up in violence prompted investors to rush to the relative safety of government debt.
Published 16 May, 2010 12:00am
Gold prices strike record high, oil slides

Gold prices strike record high, oil slides

Gold prices smashed their way to fresh record highs close to 1,250 dollars last week, with demand driven by investors seeking shelter from the eurozone debt crisis, analysts said. Oil prices tumbled however as a strengthening dollar made the raw material
Published 16 May, 2010 12:00am
Asian rice demand recovers, but fails to fan prices flame

Asian rice demand recovers, but fails to fan prices flame

A recovery in demand from Africa and China has supported Asian rice prices over the past week but seems unlikely to push them up significantly in the coming months, exporters said on Wednesday. Traditional rice buyers in Africa, such as Nigeria, bought ar
Published 16 May, 2010 12:00am
Gold too hot for Indian buyers, but some investing

Gold too hot for Indian buyers, but some investing

Gold imports by India, the world's biggest market for the precious metal, could drop for a third straight year in 2010 as record high prices scare off traditional buyers. Traders expect to spot the first sign of this trend at next week's Hindu festival of
Published 16 May, 2010 12:00am
US soyabeans lower

US soyabeans lower

US soyabean futures closed lower on Friday, weighed down by a firm dollar, lower crude oil, a low April soya crush number in Friday's NOPA crush report and plentiful global supply of soyabeans. CBOT May expired down 12-1/2 cents at $9.48 per bushel. July
Published 16 May, 2010 12:00am
Risk aversion deflates sugar, coffee and cocoa

Risk aversion deflates sugar, coffee and cocoa

Soft commodity markets took a beating Friday as risk aversion hit financial assets, with raw sugar sinking over 5.0 percent and analysts predicting more pain going into next week. New York's July raw sugar contract dropped 0.56 cent to end at 14.13 cents
Published 16 May, 2010 12:00am
US rice tumbles

US rice tumbles

US rice futures closed lower on Friday on pressure from a firm dollar and a plentiful US supply of rice. CBOT May expired down 9-1/2 cents at $11.60-1/2 per cwt. July down 10 cents per cwt at $11.80-1/2. No deliveries on May.
Published 16 May, 2010 12:00am
No regulatory duty on imported material yarn

No regulatory duty on imported material yarn

The Federal Board of Revenue has announced that 15 percent regulatory duty on export of yarn or the component of blended yarn made from the material imported under any temporary import-cum-export notification would not be charged.
Published 16 May, 2010 12:00am
No regulatory duty on imported material yarn

No regulatory duty on imported material yarn

The Federal Board of Revenue has announced that 15 percent regulatory duty on export of yarn or the component of blended yarn made from the material imported under any temporary import-cum-export notification would not be charged.
Published 16 May, 2010 12:00am
Hamesh handed over to NAB on 14 days' remand

Hamesh handed over to NAB on 14 days' remand

An Accountability Court here on Saturday handed over Hamesh Khan, main accused of Rs 9 billion Bank of Punjab scam, to National Accountability Bureau (NAB) on 14 days' physical remand. NAB officials, who brought him in the city from the US on May 14, pres
Published 16 May, 2010 12:00am
Hamesh handed over to NAB on 14 days' remand

Hamesh handed over to NAB on 14 days' remand

An Accountability Court here on Saturday handed over Hamesh Khan, main accused of Rs 9 billion Bank of Punjab scam, to National Accountability Bureau (NAB) on 14 days' physical remand. NAB officials, who brought him in the city from the US on May 14, pres
Published 16 May, 2010 12:00am
The Weather

The Weather

The weather report on Saturday (May 15, 2010) and the forecast for Sunday (May 16, 2010).

Published 16 May, 2010 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (May 15, 2010) and for Sunday (May 16, 2010)
Published 16 May, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 15, 2010).

Published 16 May, 2010 12:00am
Lean business on grain market

Lean business on grain market

Thin activity was seen on the local wholesale grain market on Saturday as many preferred to be sidelined due to bullish trend in the rates, dealers said. On the cereals side, wheat old and new Bardana (with bag) rose by Rs 50 to Rs 2400-2415, respectively
Published 16 May, 2010 12:00am
Tug of war over prices continue, business at standstill

Tug of war over prices continue, business at standstill

No major change was seen in the obtaining scenario on the cotton market on Saturday as both buyers and sellers were analysing the latest development after the Regulator Duty (RD), dealers said. The Karachi Cotton Association (KCA) official spot was unchan
Published 16 May, 2010 12:00am
Oil cake market rates

Oil cake market rates

Rising trend was witnessed on the forward cottonseed oilcake market on Saturday in slow trading, dealers said. The May contract had ended at Rs 1105.70, opened with a rise of 20 paisa at Rs 1105.90, dealers said. The July vaida that closed at Rs 969.20 op
Published 16 May, 2010 12:00am
EU wheat prices firmer, helped by euro slide

EU wheat prices firmer, helped by euro slide

Prices in major west European wheat markets were mainly firmer on Friday, as a tumbling euro boosted export prospects but volumes were thin after Thursday's public holiday in several countries, traders said. Euronext milling wheat futures were firm with h
Published 16 May, 2010 12:00am
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