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Print - 2010-09-03
LME official prices

LME official prices

The following were Wednesday official prices.

Published 03 Sep, 2010 12:00am
The Weather

The Weather

The weather report on Thursday (September 02, 2010) and the forecast for Friday (September 03, 2010).

Published 03 Sep, 2010 12:00am
TDAP donates Rs 2.35 million

TDAP donates Rs 2.35 million

The officers and staff of Trade Development Authority of Pakistan (TDAP), deeply touched and grieved over the huge human loss and displacement due to unprecedented floods in the country have contributed about Rs 2.35 million towards Prime Minister's Flood
Published 03 Sep, 2010 12:00am
PPL distributes relief goods

PPL distributes relief goods

Pakistan Petroleum Limited (PPL) Managing Director and Chief Executive Officer Kha1id Rahman and other senior officers of the company recently visited flood-affected areas to oversee the company's relief efforts and distributed dry food packages among the
Published 03 Sep, 2010 12:00am
Flood hits Jati taluka, causes destruction

Flood hits Jati taluka, causes destruction

A strong current of floodwater, gushing out from Molchand Surjani (MS) embankment, hit hard Jati, a taluka of District Thatta, after causing devastations in Sujawal City, on Thursday. Thousands of people have stranded in and around Jati town and scramblin
Published 03 Sep, 2010 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 03 Sep, 2010 12:00am
Mobilink expanding outreach of its relief efforts

Mobilink expanding outreach of its relief efforts

Mobilink is rapidly expanding the outreach of its flood relief efforts and continues to deliver healthy food and basic necessities to flood victims across the country. The efforts are being channelled through the Mobilink Foundation using the Rs 85 millio
Published 03 Sep, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
DTCE starts first phase of flood relief activity

DTCE starts first phase of flood relief activity

The Devolution Trust for Community Empowerment (DTCE) under the umbrella of Jeevay Pakistan Jeevay Maqami Hakoomat on Thursday started first phase of its flood relief activity from Prang Union Council, Charsadda and distributed food items among the most d
Published 03 Sep, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
'One million affected families are beneficiaries of BISP'

'One million affected families are beneficiaries of BISP'

Six million (one million families) out of 20 million affected by the devastating floods in Pakistan are beneficiaries of Benazir Income Support Programme (BISP), informed sources revealed exclusively to Business Recorder. These one million families
Published 03 Sep, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (September 02, 2010) and for Friday (September 03, 2010)
Published 03 Sep, 2010 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 04.46 points as the ISE Ten Index moved from 2,512.17
Published 03 Sep, 2010 12:00am
General Motors's US sales plunge nearly 25 percent

General Motors's US sales plunge nearly 25 percent

General Motors reported Wednesday a nearly 25 percent slump in US sales in August compared to the same month a year earlier. GM said sales plummeted to 185,176 vehicles from 246,479 last August, when US authorities launched a "cash-for-clunkers" incentive
Published 03 Sep, 2010 12:00am
Peru to up GDP view above seven percent

Peru to up GDP view above seven percent

Peru's central bank will raise its forecast for 2010 economic growth to "above 7 percent," Central Bank President Julio Velarde told Reuters on Thursday as the Andean country's economy expands at one of the fastest paces in the world. The current official
Published 03 Sep, 2010 12:00am
China digs for ways to stymie BHP's Potash Corp bid

China digs for ways to stymie BHP's Potash Corp bid

China is stepping up attempts to hamper BHP Billiton's $39 billion hostile offer for Potash Corp, amid worries about future supplies of fertiliser it needs to rapidly boost food production. China's state-run Sinochem has hired HSBC to advise it on options
Published 03 Sep, 2010 12:00am
Gulf banks recovering despite bad debts: S&P

Gulf banks recovering despite bad debts: S&P

Gulf banks have spent more than 20 billion dollars on provisions for bad debt and lost investments but are showing signs of returning to high profitability, Standard and Poor's said Wednesday. The rating agency said that the Gulf banks it rates have spent
Published 03 Sep, 2010 12:00am
French regulator warns of sovereign bond bubble

French regulator warns of sovereign bond bubble

A top French financial regulator warned on Thursday that a bubble might be emerging on government sovereign debt markets. The warning came from the head of the French financial markets authority (AMF), Jean-Pierre Jouyet, in remarks on French BFM radio ag
Published 03 Sep, 2010 12:00am
French regulator warns of sovereign bond bubble

French regulator warns of sovereign bond bubble

A top French financial regulator warned on Thursday that a bubble might be emerging on government sovereign debt markets. The warning came from the head of the French financial markets authority (AMF), Jean-Pierre Jouyet, in remarks on French BFM radio ag
Published 03 Sep, 2010 12:00am
Delta says August air traffic very strong

Delta says August air traffic very strong

Delta Air Lines Inc has seen very strong traffic on its flights in August, helped in part by a stronger yen that spurred more Japanese to take overseas trips, its company president said on Thursday. "It has been an important contributor to our recovery fr
Published 03 Sep, 2010 12:00am
Cotton market witnesses moderate activity

Cotton market witnesses moderate activity

Despite New York cotton futures and lint prices having risen to two and a half year high levels, local lint prices saw only moderate gains in a steady market. Recent decline of ready cotton prices in the domestic market indicates a major correctional fact
Published 03 Sep, 2010 12:00am
Cotton market witnesses moderate activity

Cotton market witnesses moderate activity

Despite New York cotton futures and lint prices having risen to two and a half year high levels, local lint prices saw only moderate gains in a steady market. Recent decline of ready cotton prices in the domestic market indicates a major correctional fact
Published 03 Sep, 2010 12:00am
Top Kenyan coffee prices jump

Top Kenyan coffee prices jump

The top price for Kenya's benchmark AA coffee grade jumped to $500 per 50-kg bag at this week's auction from $434 per bag in the previous sale, the Nairobi Coffee Exchange said. The AA grade sold at $500-$225 per bag compared with $434-$246 at last week's
Published 03 Sep, 2010 12:00am
Spot rate down for second day in a row, lint prices fall

Spot rate down for second day in a row, lint prices fall

Official spot rate cut continued for the second day in a row on the cotton market on Thursday mainly because of slight improvement in phutti arrivals, dealers said. The Karachi Cotton Association (KCA) official spot rate was trimmed by Rs 200 to Rs 6,300,
Published 03 Sep, 2010 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend was seen on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The July contract that ended at Rs 1001.80 opened with a gain of 50 paisa at Rs 1002.30, dealers said. The December vaida which closed at
Published 03 Sep, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 62,275 tonnes of cargo including 51,616 tonnes of import cargo, 10,659 tonnes of export cargo, 1,371 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 51,616 tonnes compris
Published 03 Sep, 2010 12:00am
US wheat settles after three percent demand-led rally

US wheat settles after three percent demand-led rally

US wheat futures were largely unchanged on Thursday as the market took a breather following a demand-led rally of more than 3 percent in the previous session. Corn was also nearly flat, after climbing to a 14-1/2 month top on Wednesday, while soybeans, wh
Published 03 Sep, 2010 12:00am
Argentina's wheat output seen at 9-10.5 million tonnes

Argentina's wheat output seen at 9-10.5 million tonnes

Argentina's 2010/11 wheat output is seen at between 9 million and 10.5 million tonnes, Rosario grains exchange said on Wednesday, putting its first harvest estimate far below other forecasts. Argentina is a global leading wheat exporter, but shipments slu
Published 03 Sep, 2010 12:00am
Upward trend in grams prices seen on grain market

Upward trend in grams prices seen on grain market

Rising trend was seen on the wholesale grain and seed market on Thursday as buyers indulged in fresh purchasing ahead of Eid-ul-Fitr holidays, dealers said. On the grams side guwar Sindh slipped by Rs 50 to Rs 3850-3950 and guwar Punjab followed the same
Published 03 Sep, 2010 12:00am
Brazil trims sugar cane output

Brazil trims sugar cane output

Due to dry weather, Brazil's 2010/11 cane crop is expected to put out a record 38.15 million tonnes of sugar, slightly down from the 38.7 million tonnes forecast in April, the government's crop supply agency Conab said Thursday. The country's total cane c
Published 03 Sep, 2010 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 03 Sep, 2010 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 03 Sep, 2010 12:00am
State Bank of Pakistan conversion rates

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 03 Sep, 2010 12:00am
Barclays bid rates and maximum rates for payment of interest

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 03 Sep, 2010 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Bill buying rates per unit of currency

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 Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (September 02, 2010).
Published 03 Sep, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Index gains 27.51 points

Index gains 27.51 points

The KSE-100 index, after witnessing negative opening, managed to close in positive at the level of 9,762.89 points with a net gain of 27.51 points on Thursday. The market opened on a negative note due to lack of interest of local investors and the index h
Published 03 Sep, 2010 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Index gains 27.51 points

Index gains 27.51 points

The KSE-100 index, after witnessing negative opening, managed to close in positive at the level of 9,762.89 points with a net gain of 27.51 points on Thursday. The market opened on a negative note due to lack of interest of local investors and the index h
Published 03 Sep, 2010 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Index gains 27.51 points

Index gains 27.51 points

The KSE-100 index, after witnessing negative opening, managed to close in positive at the level of 9,762.89 points with a net gain of 27.51 points on Thursday. The market opened on a negative note due to lack of interest of local investors and the index h
Published 03 Sep, 2010 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
BRIndex30 down by 3.17 points

BRIndex30 down by 3.17 points

On Thursday, BRIndex30 opened at 7,557.44 and remained positive for most of the trading time entering negative only in the last hour. It touched an intraday high of 7,631.63 and an intraday low of 7,542.47 and closed at 7,554.27, which is -3.17 points or
Published 03 Sep, 2010 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
BRIndex30 down by 3.17 points

BRIndex30 down by 3.17 points

On Thursday, BRIndex30 opened at 7,557.44 and remained positive for most of the trading time entering negative only in the last hour. It touched an intraday high of 7,631.63 and an intraday low of 7,542.47 and closed at 7,554.27, which is -3.17 points or
Published 03 Sep, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Butt, Asif, Aamer withdrawn from tour

Butt, Asif, Aamer withdrawn from tour

The three cricketers accused of involvement in an illegal betting scam insisted on their innocence Thursday as they formally withdrew from the scandal-tainted tour of England. Test captain Salman Butt and bowlers Mohammad Aamer and Mohammad Asif vowed to
Published 03 Sep, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Butt, Asif, Aamer withdrawn from tour

Butt, Asif, Aamer withdrawn from tour

The three cricketers accused of involvement in an illegal betting scam insisted on their innocence Thursday as they formally withdrew from the scandal-tainted tour of England. Test captain Salman Butt and bowlers Mohammad Aamer and Mohammad Asif vowed to
Published 03 Sep, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Palestinians, Israelis start direct peace talks

Palestinians, Israelis start direct peace talks

Israeli and Palestinian leaders began their first round of direct peace negotiations in more than a year on Thursday, pledging to meet again in two weeks as part of a US-brokered quest for peace. US Middle East peace envoy George Mitchell said Israeli Pri
Published 03 Sep, 2010 12:00am
Palestinians, Israelis start direct peace talks

Palestinians, Israelis start direct peace talks

Israeli and Palestinian leaders began their first round of direct peace negotiations in more than a year on Thursday, pledging to meet again in two weeks as part of a US-brokered quest for peace. US Middle East peace envoy George Mitchell said Israeli Pri
Published 03 Sep, 2010 12:00am
LSE index gains 16.15 points

LSE index gains 16.15 points

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday where equities registered gains amid decreased trading turnover because of the investors' conscious approach. The LSE-25 index gained 16.15 points and was closed at 3090.62 agains
Published 03 Sep, 2010 12:00am
LSE index gains 16.15 points

LSE index gains 16.15 points

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday where equities registered gains amid decreased trading turnover because of the investors' conscious approach. The LSE-25 index gained 16.15 points and was closed at 3090.62 agains
Published 03 Sep, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Sep, 2010 12:00am
Atif Bajwa new President, CEO Soneri Bank

Atif Bajwa new President, CEO Soneri Bank

Soneri Bank's Board of Directors is pleased to announce the appointment of Atif Bajwa as the new President and Chief Executive Officer of the bank. He will be taking over from Safar Ali K Lakhani who will retire after serving for 19 years as the President
Published 03 Sep, 2010 12:00am
Atif Bajwa new President, CEO Soneri Bank

Atif Bajwa new President, CEO Soneri Bank

Soneri Bank''s Board of Directors is pleased to announce the appointment of Atif Bajwa as the new President and Chief Executive Officer of the bank. He will be taking over from Safar Ali K Lakhani who will retire after serving for 19 years as the Presiden
Published 03 Sep, 2010 12:00am