News Archives for Print - 2010-09-30

US treasuries bid yields

US treasuries bid yields on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Pepco charging 25 percent higher tariff from agriculture consumers

The Pakistan Electric Power Company (Pepco) is reportedly charging 25 percent higher tariff from agriculture consumers for the last several months, on verbal instructions from Finance Ministry, official sources told Business Recorder.

Published 30 Sep, 2010 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Pepco charging 25 percent higher tariff from agriculture consumers

The Pakistan Electric Power Company (Pepco) is reportedly charging 25 percent higher tariff from agriculture consumers for the last several months, on verbal instructions from Finance Ministry, official sources told Business Recorder.

Published 30 Sep, 2010 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Pepco charging 25 percent higher tariff from agriculture consumers

The Pakistan Electric Power Company (Pepco) is reportedly charging 25 percent higher tariff from agriculture consumers for the last several months, on verbal instructions from Finance Ministry, official sources told Business Recorder.

Published 30 Sep, 2010 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Pressure from LPG lobbies: OGDC cancels Jakhro hydrocarbon resources tender

The Oil and Gas Development Company Limited (OGDC) has scrapped the tender for sale of hydrocarbon resources at wellhead Jakhro condensate gas field, reportedly under pressure from certain LPG lobbies, and bids opening scheduled for Friday has been cancel

Published 30 Sep, 2010 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Pressure from LPG lobbies: OGDC cancels Jakhro hydrocarbon resources tender

The Oil and Gas Development Company Limited (OGDC) has scrapped the tender for sale of hydrocarbon resources at wellhead Jakhro condensate gas field, reportedly under pressure from certain LPG lobbies, and bids opening scheduled for Friday has been cancel

Published 30 Sep, 2010 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 30 Sep, 2010 12:00am

Pressure from LPG lobbies: OGDC cancels Jakhro hydrocarbon resources tender

The Oil and Gas Development Company Limited (OGDC) has scrapped the tender for sale of hydrocarbon resources at wellhead Jakhro condensate gas field, reportedly under pressure from certain LPG lobbies, and bids opening scheduled for Friday has been cancel

Published 30 Sep, 2010 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Well-to-do people will have to pay one-time levy: Zardari

President Asif Ali Zardari on Wednesday said a one-time flood tax will have to be imposed on the well-to-do and people of means to help shore up the relief and rehabilitation efforts. Addressing a women roundtable meeting of federal ministers, women parli

Published 30 Sep, 2010 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Well-to-do people will have to pay one-time levy: Zardari

President Asif Ali Zardari on Wednesday said a one-time flood tax will have to be imposed on the well-to-do and people of means to help shore up the relief and rehabilitation efforts. Addressing a women roundtable meeting of federal ministers, women parli

Published 30 Sep, 2010 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Well-to-do people will have to pay one-time levy: Zardari

President Asif Ali Zardari on Wednesday said a one-time flood tax will have to be imposed on the well-to-do and people of means to help shore up the relief and rehabilitation efforts. Addressing a women roundtable meeting of federal ministers, women parli

Published 30 Sep, 2010 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Enforcement of RGST may take few more weeks

The federal government may implement Reformed General Sales Tax on goods and services beyond October 1, 2010 in view of the necessity of parliamentary approval of the levy from the National Assembly and provincial assemblies. Sources told Business Reco

Published 30 Sep, 2010 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 Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Enforcement of RGST may take few more weeks

The federal government may implement Reformed General Sales Tax on goods and services beyond October 1, 2010 in view of the necessity of parliamentary approval of the levy from the National Assembly and provincial assemblies. Sources told Business Reco
Published 30 Sep, 2010 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 Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Enforcement of RGST may take few more weeks

The federal government may implement Reformed General Sales Tax on goods and services beyond October 1, 2010 in view of the necessity of parliamentary approval of the levy from the National Assembly and provincial assemblies. Sources told Business Reco
Published 30 Sep, 2010 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Available exemptions: GST''s mode does differ from VAT''s

General sales tax (GST) is in the same mode as value-added tax (VAT) in Pakistan. However, the difference between the two would be one of available exemptions, sources told Business Recorder. VAT allows for greater documentation of the economy--a c
Published 30 Sep, 2010 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Available exemptions: GST's mode does differ from VAT's

General sales tax (GST) is in the same mode as value-added tax (VAT) in Pakistan. However, the difference between the two would be one of available exemptions, sources told Business Recorder. VAT allows for greater documentation of the economy--a c
Published 30 Sep, 2010 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Available exemptions: GST's mode does differ from VAT's

General sales tax (GST) is in the same mode as value-added tax (VAT) in Pakistan. However, the difference between the two would be one of available exemptions, sources told Business Recorder. VAT allows for greater documentation of the economy--a c
Published 30 Sep, 2010 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 Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Another hike in sight?

Hold on, another round of policy rate hike is expected in the next two months. Instead of playing catch-up or adopting an approach or a strategy intended to overcome a disadvantage with a larger rise, SBP intends to keep the real interest rate positive as
Published 30 Sep, 2010 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Another hike in sight?

Hold on, another round of policy rate hike is expected in the next two months. Instead of playing catch-up or adopting an approach or a strategy intended to overcome a disadvantage with a larger rise, SBP intends to keep the real interest rate positive as
Published 30 Sep, 2010 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

Another hike in sight?

Hold on, another round of policy rate hike is expected in the next two months. Instead of playing catch-up or adopting an approach or a strategy intended to overcome a disadvantage with a larger rise, SBP intends to keep the real interest rate positive as
Published 30 Sep, 2010 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 30 Sep, 2010 12:00am

National Assembly body approves bill to amend SBP Act

The National Assembly standing committee on finance has given the nod to amend the State Bank of Pakistan (SBP) Act 1956 to replace the Monetary and Fiscal Policies Co-ordination Board, that has become redundant in terms of current practice.
Published 30 Sep, 2010 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 30 Sep, 2010 12:00am

National Assembly body approves bill to amend SBP Act

The National Assembly standing committee on finance has given the nod to amend the State Bank of Pakistan (SBP) Act 1956 to replace the Monetary and Fiscal Policies Co-ordination Board, that has become redundant in terms of current practice.
Published 30 Sep, 2010 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (September 29, 2010).

Published 30 Sep, 2010 12:00am

National Assembly body approves bill to amend SBP Act

The National Assembly standing committee on finance has given the nod to amend the State Bank of Pakistan (SBP) Act 1956 to replace the Monetary and Fiscal Policies Co-ordination Board, that has become redundant in terms of current practice.
Published 30 Sep, 2010 12:00am

New York cotton

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

Published 30 Sep, 2010 12:00am

National Assembly body approves bill to amend SBP Act

The National Assembly standing committee on finance has given the nod to amend the State Bank of Pakistan (SBP) Act 1956 to replace the Monetary and Fiscal Policies Co-ordination Board, that has become redundant in terms of current practice.
Published 30 Sep, 2010 12:00am

New York cotton

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

Published 30 Sep, 2010 12:00am

SBP for broadening tax net

The State Bank of Pakistan has urged for broadening of tax net and strict implementation of the principles of the Fiscal Responsibility and Debt Limitation Act (2005) in letter and spirit to restrict government borrowing from the SBP. The SBP has also ind
Published 30 Sep, 2010 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 30 Sep, 2010 12:00am

SBP for broadening tax net

The State Bank of Pakistan has urged for broadening of tax net and strict implementation of the principles of the Fiscal Responsibility and Debt Limitation Act (2005) in letter and spirit to restrict government borrowing from the SBP. The SBP has also ind
Published 30 Sep, 2010 12:00am

Maxim's Group of Companies

The family which built up and sustains the high quality of services in Clifton's long standing Maxim's Restaurant, undertaken to render the same in-depth quality of services in Pakistan's tourism and pilgrimage sector under the umbrella of Maxim's Group o
Published 30 Sep, 2010 12:00am

SBP for broadening tax net

The State Bank of Pakistan has urged for broadening of tax net and strict implementation of the principles of the Fiscal Responsibility and Debt Limitation Act (2005) in letter and spirit to restrict government borrowing from the SBP. The SBP has also ind
Published 30 Sep, 2010 12:00am

Saudi Pak Industrial and Agricultural Investment Company Limited: A symbol of economic cooperation between Pakistan and Saudi Arabia

Economic and Business Relations between the Kingdom of Saudi Arabia and Pakistan. The brotherly relations between the people of Saudi Arabia and Pakistan are deep rooted and cover a wide spectrum.
Published 30 Sep, 2010 12:00am

Power tariff raise, RGST induction to add to inflation, uncertainty

The State Bank of Pakistan has warned that increases in electricity prices, induction of the reformed GST (RGST) and continued reliance of the government on borrowings from the SBP would only add to the uncertainty surrounding inflation expectations, and
Published 30 Sep, 2010 12:00am

Message from Ambassador, Kingdom of Saudi Arabia

On this auspicious occasion of 80th National Day of Kingdom of Saudi Arabia, I on behalf of Embassy of Saudi Arabia in Pakistan, its allied departments and its staff, present my heartiest felicitation to The Custodian of Two Holy Mosques King Abdullah Bin
Published 30 Sep, 2010 12:00am

Power tariff raise, RGST induction to add to inflation, uncertainty

The State Bank of Pakistan has warned that increases in electricity prices, induction of the reformed GST (RGST) and continued reliance of the government on borrowings from the SBP would only add to the uncertainty surrounding inflation expectations, and
Published 30 Sep, 2010 12:00am

US corn ends lower on better harvest weather

US corn futures closed lower on Monday, weighed down by improved US harvest weather, profit-taking after hitting a two-year high and soy/corn spreading. CBOT December down 9 cents at $5.12-3/4 per bushel. The drop of 1.7 percent was the biggest loss in a
Published 30 Sep, 2010 12:00am

Power tariff raise, RGST induction to add to inflation, uncertainty

The State Bank of Pakistan has warned that increases in electricity prices, induction of the reformed GST (RGST) and continued reliance of the government on borrowings from the SBP would only add to the uncertainty surrounding inflation expectations, and
Published 30 Sep, 2010 12:00am

Argentina wheat in good shape thanks to rains: government

Rains in Argentina's top wheat-growing region last week helped improve crop conditions, the Agriculture Ministry said in its latest weekly report. Argentine farmers have dedicated an estimated 4.24 million hectares to wheat this year, up from last year wh
Published 30 Sep, 2010 12:00am

Power tariff raise, RGST induction to add to inflation, uncertainty

The State Bank of Pakistan has warned that increases in electricity prices, induction of the reformed GST (RGST) and continued reliance of the government on borrowings from the SBP would only add to the uncertainty surrounding inflation expectations, and
Published 30 Sep, 2010 12:00am

FOB Gulf wheat premiums hold amid hope for sales to Egypt

Wheat export premiums at the US Gulf Coast held steady on Monday, underpinned by good export prospects for US wheat in large tenders by Egypt and Iraq, traders said. Egypt's GASC seeking wheat from numerous non-Black Sea origins for shipment November 21-3
Published 30 Sep, 2010 12:00am

Inelegant but pragmatic: SBP raises policy rate by 50 basis points to 13.5 percent

Faced with rising inflation, persistent government borrowing and deteriorating macroeconomic imbalances, the State Bank of Pakistan raised its policy rate by 50 basis points to 13.5 percent, its second successive hike, and estimated that economic growth f
Published 30 Sep, 2010 12:00am

EU to start grain store sell off by year end

The EU's executive, the European Commission, announced plans on Monday to start selling off all 5.6 million tonnes of cereals - mainly barley - from its public intervention stores from the end of this year. At a meeting of EU farm ministers in Brussels, t
Published 30 Sep, 2010 12:00am

Inelegant but pragmatic: SBP raises policy rate by 50 basis points to 13.5 percent

Faced with rising inflation, persistent government borrowing and deteriorating macroeconomic imbalances, the State Bank of Pakistan raised its policy rate by 50 basis points to 13.5 percent, its second successive hike, and estimated that economic growth f
Published 30 Sep, 2010 12:00am

Items move both ways in Jodia Bazar

The trading in Kirana items moved both ways on Jodia Bazar here on Wednesday. The following changes were noted.
Published 30 Sep, 2010 12:00am

Inelegant but pragmatic: SBP raises policy rate by 50 basis points to 13.5 percent

Faced with rising inflation, persistent government borrowing and deteriorating macroeconomic imbalances, the State Bank of Pakistan raised its policy rate by 50 basis points to 13.5 percent, its second successive hike, and estimated that economic growth f
Published 30 Sep, 2010 12:00am

Low trading on grain market

Slow business was seen on the wholesale grain and oilseeds market on Wednesday as most of the buyers remained on the sidelines due to less buying interest, dealers said. On the cereals side, wheat old and new (bardan) lost Rs 10 to Rs 2600-2615. Gur shed
Published 30 Sep, 2010 12:00am

Inelegant but pragmatic: SBP raises policy rate by 50 basis points to 13.5 percent

Faced with rising inflation, persistent government borrowing and deteriorating macroeconomic imbalances, the State Bank of Pakistan raised its policy rate by 50 basis points to 13.5 percent, its second successive hike, and estimated that economic growth f
Published 30 Sep, 2010 12:00am

US wheat falls in profit-taking setback

US wheat futures fell sharply in thin volume on Monday as traders locked in profits from a rally on Friday. Benchmark Chicago Board of Trade December soft red winter wheat contract ended down 13-1/2 cents at $7.06-1/2 per bushel. December contract found s
Published 30 Sep, 2010 12:00am

Larger Supreme Court bench to hear government petition on October 13: review sought on Court verdict on NRO

Chief Justice Iftikhar Muhammad Chaudhry on Wednesday formed a 17-member bench for hearing on October 13 in a government petition seeking review of National Reconciliation Ordinance (NRO). The larger bench of the apex court would take up NRO review case o
Published 30 Sep, 2010 12:00am

Egypt's GASC seeks wheat

The Egyptian state's main wheat buying agency said on Monday it wanted to buy cargoes of 55,000 to 60,000 tonnes of soft and/or milling wheat for shipment November 21-30. Tenders should reach Egypt's General Authority for Supply Commodities by noon local
Published 30 Sep, 2010 12:00am

Larger Supreme Court bench to hear government petition on October 13: review sought on Court verdict on NRO

Chief Justice Iftikhar Muhammad Chaudhry on Wednesday formed a 17-member bench for hearing on October 13 in a government petition seeking review of National Reconciliation Ordinance (NRO). The larger bench of the apex court would take up NRO review case o
Published 30 Sep, 2010 12:00am

US Midwest soya bids ease, corn steady

Soyabean spot basis bids eased in the eastern US Midwest on Monday amid pressure from a pick-up in farmer sales and the soya harvest, while corn bids were steady to firm on scattered country sales, grain merchants said. Farmers sold portions of both crops
Published 30 Sep, 2010 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 103,540 tonnes of cargo including 82,327 tonnes of import, 21,213 tonnes of export cargo and 4,765 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 82,327 tonnes,
Published 30 Sep, 2010 12:00am

Canadian canola futures fall

ICE Canada nearby canola futures fell back on Monday, ending a three-day winning streak with weather turning better for harvesting, traders said. Canola following outside markets, with Chicago Board of Trade corn and wheat futures down sharply. Influentia
Published 30 Sep, 2010 12:00am

Oil cake market rates

Rising trend was seen on the forward cottonseed oilcake market on Wednesday, dealers said. The December vaida opened at Rs 1170.50 and closed with no variation at the same rate, dealers said.
Published 30 Sep, 2010 12:00am

Cotton prices drop on Indian export news

Rates came down on the cotton market on Wednesday after the news that India would begin cotton export from November, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 7250, they said. In ready business, around 20,00
Published 30 Sep, 2010 12:00am

HSBC has no plans to move to Hong Kong

Top executives at HSBC Holdings Plc said there are no plans to move the bank's headquarters from London, as they gathered for their regular board meeting here on Wednesday amid a surprise shake-up in the corporate suite of Europe's largest bank. The move
Published 30 Sep, 2010 12:00am

Europe gets veiled warning over global accounting

The European Union was given a veiled warning on Wednesday not to undermine independence of global accounting rulemaking or else it risked damaging an "enormous success story". Tommaso Padoa-Schioppa, newly appointed chairman of the International Accounti
Published 30 Sep, 2010 12:00am

Commission proposes tougher budget rules

The European Commission is proposing new penalties for countries that spend too much in the hope of preventing another government debt crisis like the one that forced an international financial bailout of Greece. A key proposal Wednesday would to force co
Published 30 Sep, 2010 12:00am

China manufacturing hit five-month high

Manufacturing in China hit a five-month high in September as production and new orders rose, according to an independent survey published Wednesday. The HSBC China Manufacturing PMI, or purchasing managers index, rose to 52.9 up from 51.9 last month.
Published 30 Sep, 2010 12:00am

Ahead of US vote, China vows more flexible yuan

China will increase the flexibility of the yuan and improve the way it manages the exchange rate with reference to a basket of currencies of the country's trading partners, the central bank said on Wednesday. The statement of intent came ahead of an expec
Published 30 Sep, 2010 12:00am

Police arrest 19 over online banking fraud

Police have arrested 19 people on suspicion of taking part in an online fraud that hit thousands of customers of some of the world's biggest banks, a police spokesman said on Wednesday. London's Metropolitan Police said 6 million pounds was stolen from a
Published 30 Sep, 2010 12:00am

French budget makes 'historic' attack on overspending

President Nicolas Sarkozy's government launched a "historic" attack on France's soaring overspending on Wednesday, unveiling a budget which closes tax loopholes and imposes unprecedented spending cuts. The French economy will grow by 1.5 percent this year
Published 30 Sep, 2010 12:00am

'Made-In' label wins backing

The European Union moved closer to new rules to protect its manufacturers from cheaper Asian imports on Wednesday when a committee backed plans to label products from outside the bloc by their country of origin. Imported shoes, clothes, leather, furniture
Published 30 Sep, 2010 12:00am

WTO urges US to show leadership in Doha talks

The World Trade Organisation called on Wednesday on the United States - criticised by many trade partners for a lack of interest in trade policy - to show leadership in global commerce. In a two-yearly review of US trade policy, part of a regular survey o
Published 30 Sep, 2010 12:00am

US treasury to sell Citigroup shares

The US Treasury Department announced on Wednesday it will sell some Citigroup stocks it had obtained after rescuing the bank from near-bankruptcy in 2009. The treasury said it will sell an undisclosed number of its roughly 2.2 billion dollars-worth of tru
Published 30 Sep, 2010 12:00am

IMF chief sees no risk of 'currency war'

International Monetary Fund chief Dominique Strauss-Kahn said on Tuesday he did not see a risk of a global "currency war" as countries intervene to weaken their currencies but acknowledged it was a concern. The IMF managing director said efforts by countr
Published 30 Sep, 2010 12:00am

Thousands protest, strike against austerity moves across Europe

Tens of thousands of people marched through Brussels on Wednesday in a day of protests across Europe against government austerity measures, which unions say will slow economic recovery and punish the poor. Up to 5,000 protesters also marched in Warsaw, Sp
Published 30 Sep, 2010 12:00am

Man Group battles outflows as biggest fund rallies

Man Group suffered an eighth straight quarter of client withdrawals, confounding hopes that a recovery in its biggest fund would help the world's largest listed hedge fund enjoy the industry's rebound. Man, which is buying smaller rival GLG in a bid to bo
Published 30 Sep, 2010 12:00am

Etisalat offers to buy '46 percent' stake in Kuwait's Zain

UAE telecom giant Etisalat said on Wednesday that it has offered to buy a stake in Kuwait's leading mobile operator Zain, in a deal potentially worth 10.5 billion dollars, according to Dubai media. "Etisalat has submitted a preliminary conditional offer t
Published 30 Sep, 2010 12:00am

Dubai's Emaar to issue $375 million convertible note

Dubai's Emaar Properties, builder of the world's tallest tower, said on Wednesday its board has agreed to issue a convertible bond worth $375 million. Analysts said the note was likely to help Emaar, the UAE's largest listed property firm, refinance short
Published 30 Sep, 2010 12:00am

Asian bond spreads steady

Asia debt spreads - on course for their best quarter in a year - held steady on Wednesday and looks set to tighten further on expectations of US measures to support the economy. The Asia ex-Japan iTraxx investment-grade index was steady at 119 basis point
Published 30 Sep, 2010 12:00am

Nikkei average rises

The Nikkei average clawed up 0.7 percent on Wednesday on window-dressing before the end of Japan's financial first half, but it pared earlier gains as the yen's strength revived and resistance held strong. An additional boost came from a poor December out
Published 30 Sep, 2010 12:00am

Wednesday's midday trade: Wall Street little changed

US stocks were little changed on Wednesday as investors grappled with mixed technical signals near the end of one of the best months for stocks in 20 years. The S&P 500 has climbed 9 percent in September, traditionally a bad month for stocks, as concerns
Published 30 Sep, 2010 12:00am

US stocks continue September rally after modest dip

US stocks rose on Tuesday as latecomers jumped onto the September bandwagon, buying up sectors that have outperformed during the month. The S&P 500 has risen 9.4 percent so far in September, historically the worst month for stocks.
Published 30 Sep, 2010 12:00am

European CDS tighten

European corporate credit default swap spreads were tighter on Wednesday, mostly in response to a firm tone on equity markets in the United States and Asia. There was still a focus on Ireland and its banks ahead of a government estimate on the final cost
Published 30 Sep, 2010 12:00am

Treasuries steady

The US Treasury yield curve moved on Tuesday to its flattest since early September after a drop in a consumer confidence gauge raised bets the Federal Reserve will roll out more stimulus to aid a faltering economy. Strong bidding at a $35 billion auction
Published 30 Sep, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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