News Archives for Print - 2011-05-20

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Print - 2011-05-20

New York cotton

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

Published 20 May, 2011 12:00am

New York cotton

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

Published 20 May, 2011 12:00am

ICE Canadian canola futures jumped 1.8 percent on Wednesday, their biggest daily gain in two months as grains surged on fears of weather disruption to crops. Corn, wheat spiked on harsh US and European weather, spilling over support to canola. Support als

Published 20 May, 2011 12:00am

Kirana items move both ways on Jodia Bazaar

The trading in Kirana items moved both ways on Jodia Bazaar here on Thursday. The following changes were noted.

Published 20 May, 2011 12:00am

Rice, wheat prices higher on grain market

Rice and wheat prices were higher on the wholesale grain market on Thursday in process of modest trading, dealers said. On the rice sector Irri-6 Sindh low type picked up Rs 25 to Rs 3525 while best quality was higher by Rs 50 to Rs 3600, other types main

Published 20 May, 2011 12:00am

Russian grain stocks down 18.8 percent

Russian grain stocks stood at 23.5 million tonnes by May 1, down 18.8 percent year-on-year, according to preliminary data from official state statistics service Rosstat, obtained by Reuters on Thursday. The difference narrowed from April 1, when the stock

Published 20 May, 2011 12:00am

US Midwest corn, soyabeans bids steady to firm

Spot basis bids for corn and soyabeans were steady to firm in most of the US Midwest interior on Wednesday as CBOT corn futures jumped a little more than 4 percent and soyabean futures more than 2 percent spurring some new crop sales, dealers said.

Published 20 May, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 104,450 tonnes of cargo including 64,138 tonnes of import cargo, 40,312 tonnes of export cargo and 2,540 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 64,138 tonnes compr

Published 20 May, 2011 12:00am

Oil cake market rates

The May vaida was higher on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The May vaida that had closed at Rs 1333.70 commenced with a gain of 80 paisa at Rs 1334.50 owing to short supply. The July vaida started wi

Published 20 May, 2011 12:00am

Trading activity improves; prices rule firm on cotton market

Trading activity improved on the cotton market on Thursday as the ginners preferred to sell low quality stuff but hesitant in making deals for fine variety in expectations of rise in the prices, brokers said. The Karachi Cotton Association (KCA) official

Published 20 May, 2011 12:00am

Cotton futures prices rebound

Traders said in Karachi that New York cotton futures (ICE) prices gained nearly 14 to 15 cents per pound since the beginning of this week, but then conceded about three cents per pound in the evening. Last recording on Thursday evening Pakistan time showe

Published 20 May, 2011 12:00am

Cotton futures prices rebound

Published 20 May, 2011 12:00am

Eurozone eyes new deal for Greece; ECB issues threat

Eurozone governments are considering a plan to prevent a Greek default under which private investors would be asked to maintain their exposure to its debt and Athens would receive a new package of EU/IMF aid, eurozone sources said.

Published 20 May, 2011 12:00am

OECD warns against capital controls

The OECD said on Thursday that increased global capital flows are positive and that the risks involved can be managed by prudent regulation and without the use of capital controls. The OECD, which groups the world's most advanced economies, in a report en

Published 20 May, 2011 12:00am

China slaps export quota on rare earth alloys

China said Thursday it would expand export quotas for rare earths to include iron alloys containing the elements, further tightening shipments of the minerals used in a variety of high-tech industries. From Friday, iron alloys containing more than 10 perc

Published 20 May, 2011 12:00am

Data suggest US growth may disappoint

Weak data on US home sales and factory activity on Thursday showed the economy stuck in a slow-growth gear, although a drop in claims for jobless aid offered hope the labour market's recovery was on track. The reports suggested growth was being hampered b

Published 20 May, 2011 12:00am

Air France-KLM returns to profit

Air France-KLM returned to net profit last year, helped by a large exceptional gain which covered another loss, allowing it to expect better earnings ahead. The giant airline said it had a net profit of 613 million euros ($870 million) for its year to Mar

Published 20 May, 2011 12:00am

Air France-KLM returns to profit

Published 20 May, 2011 12:00am

Glencore's record IPO makes muted debut

Commodities trader Glencore made a steady market debut on Thursday, with shares trading just above the widely expected launch price of 530 pence, giving it solid currency for potential acquisitions. Initial grey market, or conditional, trade showed the sh

Published 20 May, 2011 12:00am

IEA makes rare formal plea to oil producers

The West's energy watchdog urged oil producers to boost supply to protect economic recovery, just weeks before an Opec meeting which analysts say looks increasingly unlikely to increase production.

Published 20 May, 2011 12:00am

Royal wedding, hot weather lift Britain's retailers

British retail sales surged last month on the back of the royal wedding, sunny weather and a late Easter but analysts warned of only a temporary boost amid weak consumer sentiment and flat economic growth. April retail sales jumped 1.1 percent compared wi

Published 20 May, 2011 12:00am

Quake knocks Japan into recession

Japan's economy shrank much more than expected in the first quarter and slipped into recession after the triple blow of the March earthquake, tsunami and nuclear crisis hit business and consumer spending and tore apart supply chains. The Bank of Japan (Bo

Published 20 May, 2011 12:00am

Difficult to deliver on fiscal gap target: Indian central bank

India's central bank chief said New Delhi will have a hard time hitting its fiscal deficit target this year unless it makes adjustments to account for the rise in fuel and fertiliser prices, sparking market concern the government will need to step up borr

Published 20 May, 2011 12:00am

Belarus rouble slides to record low

Belarus's troubled rouble slid to record lows on Thursday ahead of a visit by Russian Prime Minister Vladimir Putin which could toss the ex-Soviet republic a credit lifeline to haul it out of financial crisis. The national currency continued a downward sp

Published 20 May, 2011 12:00am

Global recovery still fragile: Lipsky

The global economic recovery is accelerating but remains vulnerable to setbacks, IMF acting Managing Director John Lipsky said on Thursday, as he urged continued international support for shaky economies in Europe. "The global recovery is gaining strength

Published 20 May, 2011 12:00am

Indian shares up

Indian shares rose 0.4 percent on Thursday, with engineering and construction conglomerate Larsen & Toubro (L&T) leading the gains after strong earnings. Expectations for another rate increase in June have gathered momentum after state-run refiners raised

Published 20 May, 2011 12:00am

Seoul shares fall

Seoul shares gave up earlier gains and ended down nearly 2 percent on Thursday, as foreign investor selling continued for a sixth session and falls in automakers and banks like Hyundai Motor and KB Financial Group weighed. Analysts said short-term, specul

Published 20 May, 2011 12:00am

Nikkei average slips

The Nikkei average slipped on Thursday as Tokyo Electric tumbled, dragging down other utilities after the government's chief spokesman said its shareholders will be asked to help support the company as it compensates victims of a prolonged nuclear crisis.

Published 20 May, 2011 12:00am

Early trade in New York: stocks pare gain after data

US stocks briefly pared gains on Thursday after data showed factory activity in the US Mid-Atlantic region grew much more slowly than expected in May. The Dow Jones industrial average was up 41.21 points, or 0.33 percent, at 12,601.39. The Standard & Poor

Published 20 May, 2011 12:00am

LinkedIn share price more than doubles

LinkedIn Corp's shares more than doubled to $103.00 in their public trading debut on Thursday, a jump reminiscent of the heyday of investors' love affair with Internet stocks in the late 1990s. The shares soared 128 percent, or $58.64, to $103.90 in late

Published 20 May, 2011 12:00am

LinkedIn share price more than doubles

Published 20 May, 2011 12:00am

Wall Street snaps three-day losing streak

Wall Street snapped its three-day losing streak on Wednesday thanks to a rebound in commodity prices and Dell's strong earnings, but investors say stocks still face headwinds. Wednesday's bounce gave some respite to selling that has driven the S&P 500 dow

Published 20 May, 2011 12:00am

Major Southeast Asian stocks edge higher

Major Southeast Asian stock markets edged higher on Thursday as a surge in global oil prices revived demand for shares in energy and related sectors, and Singapore outperformed after a raised GDP forecast triggered a broad market rally. Trading volumes we

Published 20 May, 2011 12:00am

Taiwan stocks lower

Taiwan stocks erased early gains and ended 0.58 percent lower on Thursday, with airlines and shipping companies among the top losers as oil rose for a second session on an unexpected drop in crude inventories in the US. The main TAIEX index fell 51.96 poi

Published 20 May, 2011 12:00am

Treasuries decline

US Treasuries prices fell on Wednesday as investors took profits from a rally that had pushed yields to the lowest since December and bought riskier assets like stocks and commodities instead. Global stocks rose after five straight days of losses and US c

Published 20 May, 2011 12:00am

Treasuries decline

Published 20 May, 2011 12:00am

Hong Kong shares edge higher, Shanghai index dips

Hong Kong shares edged higher on Thursday, finding support at the 200-day moving average and helped by property developers and energy counters, while the Shanghai market eased as low volumes pointed to low conviction among investors. Hong Kong's Hang Seng

Published 20 May, 2011 12:00am

European shares soar

European shares rose in a broad market rally on Thursday but ended off their highs after mixed US economic data, and some strategists said equities might be stuck in a range until the macro picture improves. The FTSEurofirst 300 index of top European shar

Published 20 May, 2011 12:00am

Energy and banks push FTSE higher

Energy and banking stocks propelled Britain's FTSE 100 higher on Thursday as commodities trading giant Glencore made its London Stock Exchange debut. As the London market closed, Glencore's shares on the grey market were trading around the widely expected

Published 20 May, 2011 12:00am

Yuan remains up

The yuan closed up against the dollar for a second day on Thursday after the People's Bank of China set a firmer mid-point, reinforcing expectations the central bank will stick to a policy of yuan appreciation, albeit gradually. Spot yuan close at 6.5039

Published 20 May, 2011 12:00am

Sterling rises

Sterling rose against the euro and the dollar on Thursday after UK retail sales data beat expectations, but gave up most of those gains as some investors took the opportunity to sell into the bounce. Analysts and traders said the retail sales data did not

Published 20 May, 2011 12:00am

Euro edges up in Asia

The euro edged up in early Thursday trade in Asia, extending its recovery from a seven-week low as commodity prices steadied after weeks of falls, though it is still seen vulnerable due to uncertainty over the Greek debt crisis. The dollar rose to a three

Published 20 May, 2011 12:00am

Euro dips in London

The euro dipped against the dollar on Thursday on uncertainty about the implications of a possible Greek debt restructuring, with traders saying policymaker opposition might lead to further declines. Traders pointed to a report that quoted European Centra

Published 20 May, 2011 12:00am

Midday trade in New York: dollar takes a hit after weak US data

The dollar slid on Thursday, hurt by a round of weak data suggesting the US economic recovery could be stalling, although Greece's uncertain debt situation should limit the greenback's losses against the euro. A slowdown in manufacturing growth in the US

Published 20 May, 2011 12:00am

Euro little changed

The euro traded little changed against the dollar on Wednesday, but remains vulnerable to losses given Greece's debt situation and raised expectations that a US Federal Reserve rate hike may come sooner than expected. US central bank policymakers discusse

Published 20 May, 2011 12:00am

Interbank stress to return if ECB shuns Greek debt

A threat by the ECB to stop accepting Greek bonds as collateral if Greece restructures its debt could see tensions flare in eurozone money markets, but a move to levels hit at the peak of the crisis is seen unlikely. European Central Bank Executive Board

Published 20 May, 2011 12:00am

Indian rupee edges up

The Indian rupee inched up in choppy trade on Thursday, tracking the euro's moves against the dollar and supported by positive local shares, but importers' demand for the greenback capped major gains. The partially convertible rupee ended at 44.97/98 per

Published 20 May, 2011 12:00am

Asian currencies climb

Asian currencies rose broadly against the dollar on Thursday after a rise in global equities pointed to an easing in risk reduction by investors, with the Malaysian ringgit rebounding further following a steep drop earlier this month. The Singapore dollar

Published 20 May, 2011 12:00am

Swiss franc steadies

The Swiss franc was little moved against the euro on Thursday as improving risk appetite, flagged by overnight gains on Wall Street and a solid open on European bourses, was held in check by persisting Greek debt concerns. Even so analysts said a lack of

Published 20 May, 2011 12:00am

Alonso extends Ferrari contract to 2016

Fernando Alonso said he felt privileged to be a Ferrari driver after extending his contract with the Italian team ahead of this Sunday's Spanish Grand Prix. The double world champion, who almost won the drivers' title in his first season with the Maranell

Published 20 May, 2011 12:00am

Porto win Europa League

Porto deservedly beat Braga 1-0 to win the Europa League after a superb header by Colombian striker Falcao decided the first all-Portuguese final of a European competition on Wednesday. Falcao swooped for his 17th goal of the competition just before halft

Published 20 May, 2011 12:00am

Ringleaders in Europe football betting jailed

The ringleaders of the gang on trial in the Europe-wide football betting scandal have been handed jail sentences of five-and-a-half years after the court in Bochum gave their verdict on Thursday. The pair - Ante Sapina and his main accomplice known as Mar

Published 20 May, 2011 12:00am

'Several' Malaysians involved in match-fixing

The head of security for football's ruling body FIFA said Thursday "several" Malaysians and a Singaporean living here were involved in match-fixing but cleared the national body. Chris Eaton said his team was investigating match-fixing scandals in Germany

Published 20 May, 2011 12:00am

SBP's Inter School Twenty20 semi-finals today

Kamran Public School, Ebrahim Alibhai Government Boys' Secondary School, Khan School and Fahad Academy School have moved into the semi-finals of the First State Bank of Pakistan Inter School T20 Cricket Tournament. Kamran Public School will meet Ebrahim A

Published 20 May, 2011 12:00am

PCB looks at Sri Lanka to host England series

Pakistan is examining the possibility of hosting its home cricket series against England in Sri Lanka early next year because of security concerns. A senior Pakistan Cricket Board (PCB) official told Reuters on Thursday that they was looking at Sri Lanka,

Published 20 May, 2011 12:00am

Warne says fine was for 'telling the truth'

Australia's retiring spin legend Shane Warne on Thursday slammed the hefty fine handed to him during the IPL for a public spat with an official, saying he was paying the price for "telling the truth". Warne, captain of Rajasthan Royals in the Indian Premi

Published 20 May, 2011 12:00am

ISLAMABAD: Pakistan Cricket Board (PCB) on Thursday pulled a One-day match against Afghanistan which had been scheduled to take place in Abbottabad, the town where US forces shot dead Osama bin Laden. The match, the third in a series between Afghanistan a

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AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or i

Published 20 May, 2011 12:00am

Efforts to revive international cricket: Ijaz Butt meets Rehman

Pakistan Cricket Board Chief Ijaz Butt sought assurances on security from country's interior ministry on Thursday as it intensifies efforts to revive international cricket in the troubled country. National sides have not toured Pakistan since March 2009 w

Published 20 May, 2011 12:00am

Misbah replaces Afridi as ODI captain

Pakistan Cricket Board (PCB) Chief Ijaz Butt appointed Misbah-ul-Haq on Thursday to replace Shahid Afridi as One-day captain for a two-match series against Ireland this month. Butt said Afridi will play as an ordinary member of the team despite leading Pa

Published 20 May, 2011 12:00am

Opposition gains ground in South African vote

South Africa's main opposition made gains on Thursday in early results from key local government polls which could indicate growing frustration with the ruling ANC almost 20 years after apartheid ended. Final audited results for the election, held on Wedn

Published 20 May, 2011 12:00am

Israel upgrades Golan security after protests

Israeli troops on Thursday worked to upgrade security along the cease-fire line with Syria in the Golan Heights, after dozens of Palestinian protesters poured across it on Sunday. Military sources, who spoke on condition of anonymity, said old mines, some

Published 20 May, 2011 12:00am

Russian troops fed dog food

Russian Interior Ministry troops were fed dog food earlier this year to save money, a former officer in the ministry said on Thursday. A rare whistleblower in Russia's expansive security forces, ex-Major Igor Matveyev said officers tried to cover up the s

Published 20 May, 2011 12:00am

US open to military studying in China

The US military would consider sending officers and cadets to China on study exchange programs if relations between the two countries improve, the commander of the US Pacific Fleet said Thursday. Washington is seeking to improve its relationship with the

Published 20 May, 2011 12:00am

Qadhafi's departure from Libya inevitable: Obama

US President Barack Obama said on Thursday it was inevitable Libyan leader Muammar Qadhafi would have to leave power and only then could a democratic transition in the North African state proceed. Obama was speaking as part of a major address in Washingto

Published 20 May, 2011 12:00am

Bomb attacks kill 27 in Kirkuk

A spate of bomb attacks against police in the disputed northern oil-rich city of Kirkuk on Thursday killed at least 27 people, the worst violence to hit Iraq in nearly two months. A further 89 people were wounded in the three attacks, with just months to

Published 20 May, 2011 12:00am

Sonia Gandhi vows land reforms

India's most powerful politician, Sonia Gandhi, on Thursday promised legislation in parliament soon to reform land acquisition rules after deadly clashes near the national capital. "We will soon bring a bill in parliament on land acquisition," the ruling

Published 20 May, 2011 12:00am

Former Irish Prime Minister dies

Garret FitzGerald, Ireland's most popular elder statesman who twice served as prime minister and played a crucial role in paving the way for peace in Northern Ireland, has died at the age of 85, his family said on Thursday. Known universally as Garret and

Published 20 May, 2011 12:00am

Cannes expels Von Trier for Hitler remarks

The Cannes film festival expelled Danish director Lars Von Trier on Thursday for jokingly calling himself a Nazi and Hitler sympathiser, leaving the world's biggest cinema showcase in a state of shock. His comments angered Jewish groups and caused US actr

Published 20 May, 2011 12:00am

US troop morale in Afghanistan down

A new report says American troops in Afghanistan are suffering with the highest rates of mental health problems since 2005 and that morale has plummeted. The report, released Thursday, furnished the first detailed glimpse of the psychological cost of a ca

Published 20 May, 2011 12:00am

Afghan prisoner at Guantanamo dies

An Afghan prisoner has died at the Guantanamo detention centre in an apparent suicide, the US military said on Wednesday. The prisoner, identified as Inayatullah, a 37-year-old Afghan accused of being a member of al Qaeda, died early on Wednesday, the US

Published 20 May, 2011 12:00am

West 'causing drought' in Iran: Ahmadinejad

Iranian President Mahmoud Ahmadinejad on Thursday accused Western countries of devising plans to "cause drought" in the Islamic republic, as he inaugurated a dam in a central province. "Western countries have designed plans to cause drought in certain are

Published 20 May, 2011 12:00am

New EU sanctions target over 100 Iranian firms

The European Union on Thursday agreed to sanction more than 100 Iranian companies, sharply expanding the number of firms hit by an assets freeze over Iran's disputed nuclear programme. Diplomats said the "significant expansion" in EU sanctions was expecte

Published 20 May, 2011 12:00am

IAEA probes possible Iranian hacking

The International Atomic Energy Agency is investigating whether Iran hacked into its inspectors' computers and telephones, according to reports heard by senior Western diplomats. If confirmed, it would further strain relations between the Vienna-based UN

Published 20 May, 2011 12:00am

NICL scam: Fahim and family beneficiaries of embezzled money, National Assembly panel told

After a thorough probe, the Federal Investigation Agency (FIA) has come to the conclusion that Makhdoom Amin Fahim, federal minister for commerce along with his son and wife are beneficiaries of embezzled money in National Insurance Company Limited (NICL)

Published 20 May, 2011 12:00am

New York cotton futures plummet

US cotton futures settled sharply lower Thursday on investor profit-taking as the market seemingly took a breather after its recent advance, with players mulling the next move in cotton before the weekend. The key July cotton contract on ICE Futures US dr

Published 20 May, 2011 12:00am

US copper sharply up

Copper closed sharply higher on Wednesday, posting its biggest one-day advance in two months, as commodity markets stabilised from recent losses and presented investors with truer valuations. In New York, the July COMEX contract jumped 10.65 cents, or 2.7

Published 20 May, 2011 12:00am

Shanghai copper jumps

Shanghai copper futures jumped more than 1 percent on Thursday, chasing a more than 3 percent gain on the London Metal Exchange on Wednesday in a commodity-wide rebound after steep losses over the past two weeks.

Published 20 May, 2011 12:00am

Copper declines

Copper fell on Thursday following a round of weak data suggesting US economic recovery could be stalling, a day after the base metal's biggest gain in two months. Three-month copper on the London Metal Exchange ended at $8,950 a tonne from a close of $9,0

Published 20 May, 2011 12:00am

Oil falls on weak US data

Oil prices fell more than $1 on Thursday as weak US economic data stoked worries about demand, and the International Energy Agency suggested members could release emergency stocks if Opec failed to act. The pull-back coincided with a broad decline across

Published 20 May, 2011 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 20 May, 2011 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 20 May, 2011 12:00am

Malaysian palm oil hits over three-week highs

Malaysian palm oil futures hit more than three-week highs on Thursday as traders bet on strong overseas demand on the back of firm commodity markets. "Rumours saying that palm oil exports during May 1-20 could hit 780,000 to 800,000 tonnes, that's very hi

Published 20 May, 2011 12:00am

New York sugar and coffee jump

Sugar jumped 4 percent on Wednesday as it rode the coattails of a commodities rebound, while dealers eyed the mounting queue of ships off the coast of top exporter Brazil. Coffee and cocoa also gained in the commodity-wide rally.

Published 20 May, 2011 12:00am

Liffe sugar lower

Liffe August white sugar closes $14.50 lower at $618.50 a tonne on Thursday, weighed by a bearish supply outlook with analysts projecting a significant global surplus in 2011/12. Liffe July robusta coffee ended $18 higher at $2,549 a tonne with the discou

Published 20 May, 2011 12:00am

US gold, silver rises

Gold rose and silver surged 3 percent on Wednesday, as rallying grain and crude oil prices and lingering worries about a European debt crisis lifted precious metals in a commodity rally.

Published 20 May, 2011 12:00am

Gold, silver steady in Asia

Silver and gold steadied on Thursday, as a softer dollar and rising oil prices continued to support sentiment a day after commodities notched up their biggest gain in two months. Spot gold was little changed at $1,494.86 an ounce by 0617 GMT, below the 30

Published 20 May, 2011 12:00am

Gold falls in Europe

Gold fell on Thursday as the euro edged up against the dollar and oil prices firmed, but prices were still set for a daily decline as investors took their cue from currency markets. Spot gold was bid at $1,492.09 an ounce at 1433 GMT, against $1,496.30 la

Published 20 May, 2011 12:00am

US MIDDAY: Coffee and sugar tumble

Raw sugar futures buckled to close down 4.5 percent on Thursday, on long liquidation and pressure from expectations for abundant supplies. Arabica coffee finished at a 6-1/2-week low while US cocoa was down slightly in quiet volume. The key July raw sugar

Published 20 May, 2011 12:00am

US MIDDAY: Coffee and sugar tumble

Published 20 May, 2011 12:00am

US wheat and soya down

S wheat futures sagged on Thursday amid a wave of profit-taking after surging to a three-month high early in the session. Wheat prices had rallied 20 percent during three straight days of gains this week on crop weather troubles in the United States and E

Published 20 May, 2011 12:00am

US MIDDAY: copper falls

Copper ended lower on Thursday, unable to build on the previous session's sharp rally, as investors sided with caution after another round of weak data suggested the US economic recovery could be stalling.

Published 20 May, 2011 12:00am

US MIDDAY: gold dips

Gold and silver fell on Thursday, as weak US housing and manufacturing data and uncertainty about the end of the Federal Reserve's bond-buying program dragged down commodities across the board. Spot gold dropped 0.5 percent to $1,488.09 an ounce by 11:56

Published 20 May, 2011 12:00am

Fifth Engineering & IT Fair 2011 held at AIT

The Chancellor Sir Syed University of Engineering and Technology, Z.A. Nizami has said that Technical education provides a boost to economic advancement and plays a significant role in the national human resource development creating skilled manpower, enh

Published 20 May, 2011 12:00am

ADB team urges government to expedite resettlement of flood victims

Asian Development Bank's inspection team has stressed upon irrigation officials for resettlement of thousands of displaced families currently settled near Indus and non-Indus dykes before heavy floods, sources privy to irrigation department told Business

Published 20 May, 2011 12:00am

Premier Customs IT event gets under way in US

Structured around the theme 'Cloud Computing: A New Era for Customs and Trade', the 2011 WCO IT Conference and Exhibition opened in Seattle, United States with around 600 experts from Customs and the private sector coming together to explore an issue that

Published 20 May, 2011 12:00am

KESC's version

"KESC does not have any malicious intent to bother its customers. We are a regulated body with a prime focus on serving citizens of Karachi. We have an over 2.2 million customer base. It is possible to have some occasional error specific to any particular

Published 20 May, 2011 12:00am

KESC fleecing consumers through 'dual billing'

The management of Karachi Electric Supply Company Ltd (KESC), which claims to provide so-called relief to consumers, appears to be engaged in 'dual billing' to power-starved Karachiites. The ground reality is different to what KESC claims with regard to a

Published 20 May, 2011 12:00am

Asma calls to reform lawyers' bodies

President, Supreme Court Bar Association (SCBA), Asma Jehangir stressed the need to reform bar councils and associations. Addressing members of the Sindh High Court Bar Association and Sukkur District Bar Association here on Thursday, she said that amendm

Published 20 May, 2011 12:00am

KBC to hold conference on financial sectors on May 23

The Karachi Branch Council (KBC) of ICMAP has always been active in personal and professional development of students and members by organising various relevant programmes of utmost importance from time to time.

Published 20 May, 2011 12:00am

EPCL facilitates self-sustainability of flood victims

As part of its long-term commitment towards flood victims, Engro Polymer and Chemicals Ltd (EPCL) continues to instill a new sense of hope among people whose lives were completely devastated last year by the most catastrophic flood disaster in the history

Published 20 May, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Buying / Oct 23	277.55
USD PKR Interbank Selling / Oct 24	277.93
USD to Japanese Yen / Oct 24	152.34
USD to Swiss Franc / Oct 24	0.87
Pound Sterling to USD / Oct 24	1.29
Euro to USD / Oct 24	1.08

Stock	Volume
S&P 500 / Oct 23	5,797.42
Nasdaq / Oct 23	18,276.66
FTSE 100 / Oct 23	8,258.64
Dow Jones / Oct 23	42,514.95
Germany DAX 30 / Oct 23	19,377.62
France CAC40 / Oct 23	7,497.48
India Sensex / Oct 24	80,036.12
Tokyo Nikkei / Oct 24	38,159.30

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 23	18,085
Gold 10 Grams PKR / Oct 23	244,684
Petrol/Litre / Oct 24	247.03
Crude Oil USD/Barrel / Oct 24	71.62
Gold Spot USD/Ounce / Oct 24	2,729.33
Diesel/Litre / Oct 24	251.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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