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SYM 13.95 Increased By ▲ 1.27 (10.02%)
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TRG 61.90 Increased By ▲ 5.63 (10.01%)
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Print - 2010-10-16
BRIndex30 up 19.15 points

BRIndex30 up 19.15 points

On Friday, the BRIndex30 opened at 7,726.38 points and remained in green throughout the trading time, except for a short dip near the middle. It touched the intra-day high of 7,785.75 points and low of 7,718.66 points and closed at 7,745.53 points with a
Published 16 Oct, 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 Friday (October 15, 2010).

Published 16 Oct, 2010 12:00am
Tax payment deadline extended

Tax payment deadline extended

Federal Board of Revenue (FBR) here on Friday extended the date for payment of taxes/duty for tax period September 2010 and filing of sales tax and federal excise duty returns up to October 25, 2010. It has issued instructions to Large Taxpayer Units (LTU
Published 16 Oct, 2010 12:00am
Tax payment deadline extended

Tax payment deadline extended

Federal Board of Revenue (FBR) here on Friday extended the date for payment of taxes/duty for tax period September 2010 and filing of sales tax and federal excise duty returns up to October 25, 2010. It has issued instructions to Large Taxpayer Units (LTU
Published 16 Oct, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (October 15, 2010).
Published 16 Oct, 2010 12:00am
Tax payment deadline extended

Tax payment deadline extended

Federal Board of Revenue (FBR) here on Friday extended the date for payment of taxes/duty for tax period September 2010 and filing of sales tax and federal excise duty returns up to October 25, 2010. It has issued instructions to Large Taxpayer Units (LTU
Published 16 Oct, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (October 15, 2010).

Published 16 Oct, 2010 12:00am
Ogra declines plea for raise in SNGPL tariff

Ogra declines plea for raise in SNGPL tariff

The Oil and Gas Regulatory Authority (Ogra) has turned down the request of Sui Northern Gas Pipeline (SNGPL) to raise gas tariff by Rs 2.43 per mmbtu and, instead has revised the average prescribed price downward by Rs 2.93 per mmbtu.
Published 16 Oct, 2010 12:00am
Ogra declines plea for raise in SNGPL tariff

Ogra declines plea for raise in SNGPL tariff

The Oil and Gas Regulatory Authority (Ogra) has turned down the request of Sui Northern Gas Pipeline (SNGPL) to raise gas tariff by Rs 2.43 per mmbtu and, instead has revised the average prescribed price downward by Rs 2.93 per mmbtu.
Published 16 Oct, 2010 12:00am
Ogra declines plea for raise in SNGPL tariff

Ogra declines plea for raise in SNGPL tariff

The Oil and Gas Regulatory Authority (Ogra) has turned down the request of Sui Northern Gas Pipeline (SNGPL) to raise gas tariff by Rs 2.43 per mmbtu and, instead has revised the average prescribed price downward by Rs 2.93 per mmbtu.
Published 16 Oct, 2010 12:00am
Exchange for aid: World tells Pakistan to shape up

Exchange for aid: World tells Pakistan to shape up

World powers told Pakistan that post-flood aid was part of a "two-way" deal on reform Friday, as Islamabad also offered to lend a hand to regional peace by facilitating Afghan-Taliban talks. After US Secretary of State Hillary Clinton demanded Pakistan's
Published 16 Oct, 2010 12:00am
Exchange for aid: World tells Pakistan to shape up

Exchange for aid: World tells Pakistan to shape up

World powers told Pakistan that post-flood aid was part of a "two-way" deal on reform Friday, as Islamabad also offered to lend a hand to regional peace by facilitating Afghan-Taliban talks. After US Secretary of State Hillary Clinton demanded Pakistan's
Published 16 Oct, 2010 12:00am
Exchange for aid: World tells Pakistan to shape up

Exchange for aid: World tells Pakistan to shape up

World powers told Pakistan that post-flood aid was part of a "two-way" deal on reform Friday, as Islamabad also offered to lend a hand to regional peace by facilitating Afghan-Taliban talks. After US Secretary of State Hillary Clinton demanded Pakistan''s
Published 16 Oct, 2010 12:00am
Italy sets conditions for backing aid

Italy sets conditions for backing aid

Italian Foreign Minister Franco Frattini warned on Friday that Italy's support for special trade favours to Pakistan is conditional on "regional" rivals being denied similar concessions. Italy is the country in the European Union holding up a British prop
Published 16 Oct, 2010 12:00am
Italy sets conditions for backing aid

Italy sets conditions for backing aid

Italian Foreign Minister Franco Frattini warned on Friday that Italy's support for special trade favours to Pakistan is conditional on "regional" rivals being denied similar concessions. Italy is the country in the European Union holding up a British prop
Published 16 Oct, 2010 12:00am
Italy sets conditions for backing aid

Italy sets conditions for backing aid

Italian Foreign Minister Franco Frattini warned on Friday that Italy''s support for special trade favours to Pakistan is conditional on "regional" rivals being denied similar concessions. Italy is the country in the European Union holding up a British pro
Published 16 Oct, 2010 12:00am
28 percent decline in July-September foreign investment

28 percent decline in July-September foreign investment

Net foreign investment posted a decline of 28 percent during the first quarter of the current fiscal year, mainly due to low portfolio investment. The central bank on Friday said that net foreign investment comprising foreign direct investment (FDI) and p
Published 16 Oct, 2010 12:00am
ART FACTS: Mixed visual ideas

ART FACTS: Mixed visual ideas

Muhammad Ashraf shared his keen observations of everyday life happenings, culture and our political system with the viewers in a recent exhibition at the Artchowk Gallery, Karachi, entitled 'Laughters of Idiocy'. For Ashraf Art is a supreme captivating fo
Published 16 Oct, 2010 12:00am
RGST on services still seeks consensus

RGST on services still seeks consensus

The National Finance Commission (NFC) Technical Standing Committee on Reformed General Sales Tax (RGST) on services was unable to reach consensus on provincial legislation pertaining to RGST on services.
Published 16 Oct, 2010 12:00am
Liaquat - the man and his achievements

Liaquat - the man and his achievements

The fifty nine years after Prime Minister Liaquat Ali Khan's tragic death, his work and achievement could be seen in a better perspective than it was possible immediately after his death in 1951. Through the years, his compelling personality has risen in
Published 16 Oct, 2010 12:00am
RGST on services still seeks consensus

RGST on services still seeks consensus

The National Finance Commission (NFC) Technical Standing Committee on Reformed General Sales Tax (RGST) on services was unable to reach consensus on provincial legislation pertaining to RGST on services.
Published 16 Oct, 2010 12:00am
BRIDGE NOTES: Not more than three

BRIDGE NOTES: Not more than three

More often than not I keep illustrating defensive problems because defence is the most difficult part of bridge and quite often we see even the best slip in defence much to the delight of the dejected declarer who had almost given up hope of making his bi
Published 16 Oct, 2010 12:00am
RGST on services still seeks consensus

RGST on services still seeks consensus

The National Finance Commission (NFC) Technical Standing Committee on Reformed General Sales Tax (RGST) on services was unable to reach consensus on provincial legislation pertaining to RGST on services.
Published 16 Oct, 2010 12:00am
New York cotton

New York cotton

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

Published 16 Oct, 2010 12:00am
2.7 million existing taxpayers: FBR for levying income tax surcharge

2.7 million existing taxpayers: FBR for levying income tax surcharge

The Federal Board of Revenue (FBR) has suggested levying income tax surcharge on the 2.7 million existing income tax payers of the country to generate additional funds for flood victims while there is no proposal which specifically targets the rich and th
Published 16 Oct, 2010 12:00am
New York cotton

New York cotton

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

Published 16 Oct, 2010 12:00am
2.7 million existing taxpayers: FBR for levying income tax surcharge

2.7 million existing taxpayers: FBR for levying income tax surcharge

The Federal Board of Revenue (FBR) has suggested levying income tax surcharge on the 2.7 million existing income tax payers of the country to generate additional funds for flood victims while there is no proposal which specifically targets the rich and th
Published 16 Oct, 2010 12:00am
2.7 million existing taxpayers: FBR for levying income tax surcharge

2.7 million existing taxpayers: FBR for levying income tax surcharge

The Federal Board of Revenue (FBR) has suggested levying income tax surcharge on the 2.7 million existing income tax payers of the country to generate additional funds for flood victims while there is no proposal which specifically targets the rich and th
Published 16 Oct, 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 16 Oct, 2010 12:00am
Prime Minister to address nation on October 17

Prime Minister to address nation on October 17

Federal Minister for Law, Justice and Parliamentary Affairs Dr Babar Awan said on Friday that Prime Minister Yousuf Raza Gilani will address the nation on Sunday night to clarify the government's stance on what happened on late Thursday night. "The premie
Published 16 Oct, 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 16 Oct, 2010 12:00am
28 percent decline in July-September foreign investment

28 percent decline in July-September foreign investment

Net foreign investment posted a decline of 28 percent during the first quarter of the current fiscal year, mainly due to low portfolio investment. The central bank on Friday said that net foreign investment comprising foreign direct investment (FDI) and p
Published 16 Oct, 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 Friday (October 15, 2010).

Published 16 Oct, 2010 12:00am
28 percent decline in July-September foreign investment

28 percent decline in July-September foreign investment

Net foreign investment posted a decline of 28 percent during the first quarter of the current fiscal year, mainly due to low portfolio investment. The central bank on Friday said that net foreign investment comprising foreign direct investment (FDI) and p
Published 16 Oct, 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 Friday (October 15, 2010).

Published 16 Oct, 2010 12:00am
Index gains 22.82 points

Index gains 22.82 points

Positive trend continued at Karachi share market on Friday and KSE-100 index rose by 0.22 percent or 22.82 points. The KSE-100 index rose to 10,431.84 points from 10,409.02 points. The market opened in green zone and remained positive for entire day. The
Published 16 Oct, 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 Friday (October 15, 2010).

Published 16 Oct, 2010 12:00am
Index gains 22.82 points

Index gains 22.82 points

Positive trend continued at Karachi share market on Friday and KSE-100 index rose by 0.22 percent or 22.82 points. The KSE-100 index rose to 10,431.84 points from 10,409.02 points. The market opened in green zone and remained positive for entire day. The
Published 16 Oct, 2010 12:00am
Index gains 22.82 points

Index gains 22.82 points

Positive trend continued at Karachi share market on Friday and KSE-100 index rose by 0.22 percent or 22.82 points. The KSE-100 index rose to 10,431.84 points from 10,409.02 points. The market opened in green zone and remained positive for entire day. The
Published 16 Oct, 2010 12:00am
BRIndex30 up 19.15 points

BRIndex30 up 19.15 points

On Friday, the BRIndex30 opened at 7,726.38 points and remained in green throughout the trading time, except for a short dip near the middle. It touched the intra-day high of 7,785.75 points and low of 7,718.66 points and closed at 7,745.53 points with a
Published 16 Oct, 2010 12:00am
Third Nigerian fails dope test

Third Nigerian fails dope test

Nigerian 400-metre runner Folashade Abugan, who won two silver medals at the Delhi Commonwealth Games, has failed a drugs test and been disqualified, the Games' federation said Friday. She is the third Nigerian to fail doping tests at the Delhi event, whi
Published 16 Oct, 2010 12:00am
13 finalists of Asian CSR Awards 2010 announced

13 finalists of Asian CSR Awards 2010 announced

Thirteen finalists of the Asian CSR Awards were announced, from which five winners and eight excellence awardees will be honoured during the 9th Asian CSR Awards to be held at the Crowne Plaza Mutiara Kuala Lumpur on October 22, 2010. AIM Distinguished Al
Published 16 Oct, 2010 12:00am
PTA for setting up of leather ministry

PTA for setting up of leather ministry

Pakistan Tanners Association (PTA) has suggested the government to establishing leather ministry. In a communication to the prime minister, Central Chairman PTA, Khurshid Alam has suggested that leather ministry be established on the pattern of textile mi
Published 16 Oct, 2010 12:00am
Conspiracy against judiciary termed attack on constitution

Conspiracy against judiciary termed attack on constitution

Punjab Chief Minister Muhammad Shahbaz Sharif has on Friday said that any conspiracy against judiciary will tantamount to a direct attack on the Constitution of Pakistan and democracy. He also said an independent and free judiciary is of fundamental impor
Published 16 Oct, 2010 12:00am
Fishermen ask donors to waive off $55 billion debts

Fishermen ask donors to waive off $55 billion debts

Fishermen have asked the world donors to waive off Pakistan's huge debts and help the country recover from devastation of floods. They said the country had to pay $3 billion as debt servicing annually and urged the global financial institutions to waive o
Published 16 Oct, 2010 12:00am
Student bodies mark 'White Cane Safety Day'

Student bodies mark 'White Cane Safety Day'

International 'White Cane Safety Day' was observed here under the auspices of Helper Association for Disabled, here on Friday. Students of Al-Janat Foundation, Labots Association, Pakistan Youth Trust and Sun Rise Blind School Iqbal Town participated in t
Published 16 Oct, 2010 12:00am
GCU sets up centre for special students

GCU sets up centre for special students

Government College University (GCU) is alma mater of the highest number of visually impaired students as compared to any other university of the country and has set up state-of-the-art Centre for Special Students (GCU CSS), said GCU Vice Chancellor Profes
Published 16 Oct, 2010 12:00am
Etihad brand ambassadors distribute gifts to flood-affected children

Etihad brand ambassadors distribute gifts to flood-affected children

Pakistani pop-rock group Strings, official brand ambassadors for Etihad Airways in Pakistan, has distributed over 500 gift packs to displaced children living in the Sujawal relief camp, in collaboration with Emirates International Mobile Humanitarian Hosp
Published 16 Oct, 2010 12:00am
First caravan of IDPs leaves Hyderabad

First caravan of IDPs leaves Hyderabad

The first caravan of IDPs camped at Hyderabad comprised of 173 families and 942 members was seen off by the Chairman District Relief Committee Hyderabad MNA Syed Ameer Ali Shah Jamote, Sindh Minister for Special Education Syed Ali Nawaz Shah Rizvi and Dis
Published 16 Oct, 2010 12:00am
FFD closed down as monsoon season ends

FFD closed down as monsoon season ends

The Federal government has closed down its Flood Forecasting Division (FDD) here on Friday at the end of 2010 monsoon season. FFD was opened on 15th April for six months to report daily weather/rainfall/flood forecast of gauging stations, water inflows in
Published 16 Oct, 2010 12:00am
ZONG signs MoU with Solid Waste Management of CDGL

ZONG signs MoU with Solid Waste Management of CDGL

ZONG - country's fastest growing cellular network - announced an initiative for protection of metropolitan environment in Lahore, as a Corporate Social Responsibility project.
Published 16 Oct, 2010 12:00am
First Hajj flight from Sialkot on October 29

First Hajj flight from Sialkot on October 29

Pakistan International Airline (PIA) will start its Hajj operation from Sialkot on October 29th. The first flight carrying 468 pilgrims will take-off for Jeddah at 7:25am from Sialkot International Airport. Station Manager PIA, Khalid Hameed told Busin
Published 16 Oct, 2010 12:00am
Australian team visits NetSol Technologies

Australian team visits NetSol Technologies

President Australian Institute of International Affairs Ian Dudgeon along with Peter Bartlett, First Secretary (Political) Australian High Commission and Fiona Hamilton, Secretary (Political) Australian High Commission visited NetSol Technologies here on
Published 16 Oct, 2010 12:00am
Electricity shortfall diminishes

Electricity shortfall diminishes

Pakistan Electric Power Company (Pepco) has managed to bridge the wide demand-supply gap of electricity by about 1,000 MW to the much relief of consumers as there was only a few hours of loadshedding on Friday. A Pepco spokesman told Business Recorder
Published 16 Oct, 2010 12:00am
Deedar's appointment as NAB chief: LHC adjourns hearing to October 22

Deedar's appointment as NAB chief: LHC adjourns hearing to October 22

The Lahore High Court Friday adjourned the hearing of a constitutional petition challenging the appointment of former justice Syed Deedar Hussain as chairman National Accountability Bureau (NAB) to October 22. The LHC Chief Justice on Friday fixed the hea
Published 16 Oct, 2010 12:00am
Seminar on Educational Voucher Scheme awareness today

Seminar on Educational Voucher Scheme awareness today

Chairman Federal Public Service Commission (FPSC), Justice Rana Bhagwandas (Retd) will be the chief guest at the 'EVS Awareness Seminar' to be held under the aegis of Punjab Education Foundation (PEF) at Rawalpindi Arts Council Auditorium, Shamsabad, Murr
Published 16 Oct, 2010 12:00am
Country facing severe energy crisis: chief minister Punjab

Country facing severe energy crisis: chief minister Punjab

Vice-President of a leading German engineering company Uhde Middle East branch Dr Guido Denial met Punjab Chief Minister Shahbaz Sharif here on Friday and discussed co-operation in energy sector. Provincial Commerce Minister Sardar Dost Muhammad Khan Khos
Published 16 Oct, 2010 12:00am
Health department directed to start awareness campaign against dengue

Health department directed to start awareness campaign against dengue

Secretary Health Punjab, Fawad Hassan Fawad has directed the health department to start awareness campaign against dengue fever to provide information regarding the symptom of the disease, precautionary measures and treatment. The secretary health asked t
Published 16 Oct, 2010 12:00am
PNSC announces 15 percent cash dividend to shareholders

PNSC announces 15 percent cash dividend to shareholders

Pakistan National Shipping Corporation (PNSC) has announced 15 percent cash dividend to its shareholders at the 32nd annual general meeting. According to a press release issued here on Friday, Chairman PNSC Brigadier Rashid Siddiqui while presiding over t
Published 16 Oct, 2010 12:00am
PNSC announces 15 percent cash dividend to shareholders

PNSC announces 15 percent cash dividend to shareholders

Pakistan National Shipping Corporation (PNSC) has announced 15 percent cash dividend to its shareholders at the 32nd annual general meeting. According to a press release issued here on Friday, Chairman PNSC Brigadier Rashid Siddiqui while presiding over t
Published 16 Oct, 2010 12:00am
New DHA residential project reviewed

New DHA residential project reviewed

A meeting of architectures, designers, town planners and engineers of the consortium of firms undertaking the master planning of DHA City Karachi, a new residential project on Super Highway, was held at DHA's Main Office here the other day.
Published 16 Oct, 2010 12:00am
MCB signs agreement with Engro Corporation

MCB signs agreement with Engro Corporation

MCB Bank Limited & Engro Corporation signed an agreement appointing MCB as a distributor for Engro's Rupiya Certificates (ERC) issue of Rs 4 billion. This initiative was spearheaded by the Bank's Investment Services Department that is involved in the dist
Published 16 Oct, 2010 12:00am
Cement sector needs relief to meet high local demand

Cement sector needs relief to meet high local demand

The cement sector needs relief in duties and taxes, to meet the high local demand for the construction of millions of homes and huge infrastructure devastated by floods in many parts of the country, according to cement manufacturers. Some of the communica
Published 16 Oct, 2010 12:00am
Air Blue Crash Affectees' Group announced

Air Blue Crash Affectees' Group announced

Families, friends and loved ones of the Air Blue victims have announced the formation of the 'Air Blue Crash Affectees Group'. The group aims at providing a platform for all affected families to gather and raise their concerns and to share their pain. The
Published 16 Oct, 2010 12:00am
First 'Global CEO Excellence Awards' on October 21

First 'Global CEO Excellence Awards' on October 21

Global Media Links (GML) is organising 1st Global CEO Excellence Awards 2010 on 21st October, 2010 at a local hotel to admire leadership of different sectors of life, including large businesses, industries, small and medium enterprises, government departm
Published 16 Oct, 2010 12:00am
US MIDDAY: gold retreats

US MIDDAY: gold retreats

Gold fell on Friday, snapping a two-day record-setting rally, as the dollar rose and Fed Chairman Ben Bernanke offered few new details on further economic stimulus which prompted investors to take profits. In a day of volatile trade and a host of mixed ma
Published 16 Oct, 2010 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures ended up for a fifth consecutive weekly gain on Friday, with a spike in regional manufacturing activity helping to keep prices buoyed near 27-month highs, even in the face of a firmer dollar. Copper for December delivery rose 2.35 cents
Published 16 Oct, 2010 12:00am
US MIDDAY: soya up; corn and wheat down

US MIDDAY: soya up; corn and wheat down

Soyabean futures on the Chicago Board of Trade were firm Friday, supported by reminders of strong export demand and technical momentum after the spot contract surpassed $12 a bushel in overnight trade, brokers said. But corn and wheat were choppy as techn
Published 16 Oct, 2010 12:00am
US MIDDAY: cocoa falls

US MIDDAY: cocoa falls

Cocoa futures fell on Friday after grindings data from Europe and North America showed weak demand, while sugar and arabica coffee were also lower. ICE March cocoa traded down $60 or 2 percent at $2,848 per tonne. Brokers and dealers referred to slack act
Published 16 Oct, 2010 12:00am
Gold slips in Europe

Gold slips in Europe

Gold fell 1 percent in volatile trade on Friday, having earlier jumped to within a few dollars of the previous day's record high, as the dollar rebounded from earlier losses amid concerns the unit's slide had been overdone. The dollar slipped versus the e
Published 16 Oct, 2010 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold was steady on Friday, pausing from a record-breaking rally, as investors await US economic data and a speech from Federal Reserve Chairman Ben Bernanke for cues on monetary policy. Spot gold gained 0.3 percent to $1,380.35 an ounce by 0628 GMT, on co
Published 16 Oct, 2010 12:00am
US gold stays at all-time high

US gold stays at all-time high

US gold futures set an all-time high for a second day on Thursday, as the dollar hit its lowest level in 2010, increasing the metal's investment appeal as a hedge against currency depreciation. COMEX December gold futures settled up $7.10 at $1,377.60 an
Published 16 Oct, 2010 12:00am
Oil falls nearly two percent

Oil falls nearly two percent

Oil prices fell nearly 2 percent in light, volatile trading on Friday, posting their first weekly loss in four weeks, as options expired and the dollar rose, sparking profit-taking ahead of the weekend. Oil prices rose early in the session after US Federa
Published 16 Oct, 2010 12:00am
Shanghai rubber at all-time high; Tokyo climb

Shanghai rubber at all-time high; Tokyo climb

Tokyo rubber futures rose to their strongest in more than two years for a second day on Friday as supply concerns defied pressure from weaker oil and stocks, while Shanghai futures extended its rally to a fresh record. The key Tokyo Commodity Exchange rub
Published 16 Oct, 2010 12:00am
US soyabeans climb

US soyabeans climb

Soyabean futures on the Chicago Board of Trade ended 1 percent higher on Thursday after matching Wednesday's 14-month high, lifted by demand from domestic crushers and exporters along with a weak US dollar. NOPA pegs US September soya crush at 124.917 mil
Published 16 Oct, 2010 12:00am
Liffe sugar and cocoa down

Liffe sugar and cocoa down

Liffe front-month December white sugar ended $15.50 lower at $696.20 per tonne on Friday. Market underpinned by tight global supply outlook. Liffe second-month March cocoa ended 49 pounds lower at 1,877 pounds a tonne. Market weighed by a surprising drop
Published 16 Oct, 2010 12:00am
New York sugar rallies

New York sugar rallies

Sugar futures sprang to an eight-month high for the third day running on Thursday due to crop problems in leading grower Brazil and chart-based investment fund buying in the sweetener, analysts said. The rest of the complex failed to match that surge as c
Published 16 Oct, 2010 12:00am
Vegetable oil markets hit fresh two-year high

Vegetable oil markets hit fresh two-year high

Global vegetable oil markets hit fresh two-year highs on Friday with palm oil hovering near a key resistance level as markets continued to price in a possible supply shortfall and a weaker dollar. China's most active May soyaoil contract, which jumped 7 p
Published 16 Oct, 2010 12:00am
Copper stays flat

Copper stays flat

Copper gave up session gains to close flat on Friday, running out of steam after a week of gains, although prices were underpinned by comments from the US central bank which pointed to further monetary easing. Benchmark copper on the London Metal Exchange
Published 16 Oct, 2010 12:00am