News Archives for Print - 2011-05-28

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (May 27, 2011).

Published 28 May, 2011 12:00am

Local auto makers cut production: sales down due to old cars' import

The local automakers have cut their production capacity to almost half as imported used cars have slashed the sales of locally made cars, according to industry sources here. The current scenario of local auto industry poses no optimism in view of clear in

Published 28 May, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (May 27, 2011)

Published 28 May, 2011 12:00am

Local auto makers cut production: sales down due to old cars'' import

The local automakers have cut their production capacity to almost half as imported used cars have slashed the sales of locally made cars, according to industry sources here. The current scenario of local auto industry poses no optimism in view of clear in

Published 28 May, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (May 27, 2011)

Published 28 May, 2011 12:00am

23 militants killed

Fighter jets pounded militant hide-outs in the country's north-western on Friday, killing 23 suspected insurgents, a government official said. Local government official Javed Khan said the attacks targeted insurgents in the Orakzai and Kurram tribal regio

Published 28 May, 2011 12:00am

Member to Member

The following transactions member to member subsequently reported on Friday (May 27, 2011).

Published 28 May, 2011 12:00am

23 militants killed

Fighter jets pounded militant hide-outs in the country's north-western on Friday, killing 23 suspected insurgents, a government official said. Local government official Javed Khan said the attacks targeted insurgents in the Orakzai and Kurram tribal regio

Published 28 May, 2011 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Friday (May 27, 2011).

Published 28 May, 2011 12:00am

China sets up military cyber-warfare team

China's military has set up an elite Internet security task force tasked with fending off cyberattacks, state media reported Friday, denying that the initiative is intended to create a "hacker army". The People's Liberation Army has reportedly invested te

Published 28 May, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (May 27, 2011)

Published 28 May, 2011 12:00am

China sets up military cyber-warfare team

China's military has set up an elite Internet security task force tasked with fending off cyberattacks, state media reported Friday, denying that the initiative is intended to create a "hacker army". The People's Liberation Army has reportedly invested te

Published 28 May, 2011 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (May 27, 2011).

Published 28 May, 2011 12:00am

NASA makes history with spacewalk, station finale

NASA astronauts made history twice on Friday, venturing on the final spacewalk of the agency's 30-year shuttle program and completing assembly of the $100 billion International Space Station. Astronauts Mike Fincke and Greg Chamitoff floated outside the o

Published 28 May, 2011 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (May 27, 2011).

Published 28 May, 2011 12:00am

NASA makes history with spacewalk, station finale

NASA astronauts made history twice on Friday, venturing on the final spacewalk of the agency's 30-year shuttle program and completing assembly of the $100 billion International Space Station. Astronauts Mike Fincke and Greg Chamitoff floated outside the o

Published 28 May, 2011 12:00am

HABIB BANK LIMITED-Analysis of Financial Statements Financial Year 2005-1Q Financial Year 2011

HBL was the first commercial bank to be established in Pakistan in 1947. Over the years, HBL has expanded its branch network and become the largest private sector bank with over 1,450 branches across the country and a customer base exceeding five million

Published 28 May, 2011 12:00am

India, France discuss pending fighter jet deals

France's defence minister made a final pitch for his country's fighter jet on a visit to India on Friday, hoping to secure a lucrative contract with the world's biggest arms importer. India says it's nearing a decision on which fighter jets it will buy, h

Published 28 May, 2011 12:00am

HABIB BANK LIMITED-Analysis of Financial Statements Financial Year 2005-1Q Financial Year 2011

HBL was the first commercial bank to be established in Pakistan in 1947. Over the years, HBL has expanded its branch network and become the largest private sector bank with over 1,450 branches across the country and a customer base exceeding five million

Published 28 May, 2011 12:00am

35 feared dead as bus plunges into river

Some 35 persons were feared killed when a passenger bus skidded off road and plunged into the Neelam River in Neelam Valley district of Azad Jammu Kashmir on Friday, official sources said. The ill-fated private passenger bus (LF 136) with 35 passengers on

Published 28 May, 2011 12:00am

Bullish sentiments dominate on LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Friday where equities registered gains amid decreased trading turnover because of the investors' behaviour who adopted conscious approach ahead of weekend. The LSE-25 index was increased b

Published 28 May, 2011 12:00am

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 28 May, 2011 12:00am

Bullish sentiments dominate on LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Friday where equities registered gains amid decreased trading turnover because of the investors' behaviour who adopted conscious approach ahead of weekend. The LSE-25 index was increased b

Published 28 May, 2011 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 May, 2011 12:00am

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 3.94 points, as the Index moved from 2,746.61 to 2,750.5

Published 28 May, 2011 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 28 May, 2011 12:00am

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 3.94 points, as the Index moved from 2,746.61 to 2,750.5

Published 28 May, 2011 12:00am

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 28 May, 2011 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 28 May, 2011 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 May, 2011 12:00am

35 feared dead as bus plunges into river

Some 35 persons were feared killed when a passenger bus skidded off road and plunged into the Neelam River in Neelam Valley district of Azad Jammu Kashmir on Friday, official sources said. The ill-fated private passenger bus (LF 136) with 35 passengers on

Published 28 May, 2011 12:00am

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 28 May, 2011 12:00am

Lech Walesa snubs Obama

Lech Walesa, Poland's Solidarity-era leader, ex-president and 1983 Nobel Peace Prize winner said Friday he would not accept an invitation to meet fellow Nobel winner US President Barack Obama. "I expect this meeting would only amount to a photo opportunit

Published 28 May, 2011 12:00am

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 28 May, 2011 12:00am

Lech Walesa snubs Obama

Lech Walesa, Poland's Solidarity-era leader, ex-president and 1983 Nobel Peace Prize winner said Friday he would not accept an invitation to meet fellow Nobel winner US President Barack Obama. "I expect this meeting would only amount to a photo opportunit

Published 28 May, 2011 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Friday (May 27, 2011).

Published 28 May, 2011 12:00am

Local auto makers cut production: sales down due to old cars' import

The local automakers have cut their production capacity to almost half as imported used cars have slashed the sales of locally made cars, according to industry sources here. The current scenario of local auto industry poses no optimism in view of clear in

Published 28 May, 2011 12:00am

Pakistan now a 'fragile' state: India

India said Friday that Pakistan had become a "fragile" state with militant groups nurtured as "an instrument of state policy" uniting in their battle against the government. Home Minister P. Chidambaram issued the warning at the start of talks with US Hom

Published 28 May, 2011 12:00am

Latest Score: Sri Lanka 400 all out

Sri Lanka, after winning the toss, were bowled out for 400 on the second day of the first Test against England at Sophia Gardens here on Friday. Prasanna Jayawardene top-scored with 112 before Suranga Lakmal was last man out for two. James Anderson led En

Published 28 May, 2011 12:00am

Hantuchova stuns Wozniacki, Schiavone advances, Stosur falls

Caroline Wozniacki's Grand Slam misery plunged to new depths at the French Open on Friday as Daniela Hantuchova sent her packing at the third round stage with a comprehensive 6-1, 6-3 win in just 73 minutes. The 20-year-old Dane's defeat follows the strai

Published 28 May, 2011 12:00am

United banish 2009 talk ahead of Barca rematch

Manchester United are seeking to banish the memory of their 2009 humbling by Barcelona as they prepare for Saturday's Champions League final at Wembley. Two years ago, Sir Alex Ferguson's side arrived in Rome brimming with confidence, ready to justify the

Published 28 May, 2011 12:00am

Rooney aims for final redemption

Wayne Rooney's long road to redemption will finally be complete if the Manchester United striker can win his duel with Barcelona's Lionel Messi at Wembley on Saturday. Rooney's place in the United pantheon seemed assured by the time he helped Sir Alex Fer

Published 28 May, 2011 12:00am

Final to boost economies

The Champions League final between Manchester United and Barcelona on Saturday will generate 369 million euros ($525 million) across Europe's economy, MasterCard said on the eve of the football showdown. The winners will scoop an estimated 126 million eur

Published 28 May, 2011 12:00am

FIFA in turmoil as Blatter faces corruption probe

The battle for the FIFA presidency was thrown further into turmoil on Friday as football's governing body announced they have opened a probe for alleged corruption against president Sepp Blatter. Blatter will appear before FIFA's ethics committee on Sunda

Published 28 May, 2011 12:00am

Federer, Ferrer advance

Roger Federer cruised into the French Open last 16 on Friday as Roland Garros braced itself for a Grand Slam heavyweight clash between Novak Djokovic and Juan Martin del Potro. Federer, the 2009 champion and playing in his 46th consecutive Grand Slam tour

Published 28 May, 2011 12:00am

NBP's Wheel Chairs Cricket final today

The final of All Pakistan Wheel Chairs Cricket tournament organised by the National Bank of Pakistan (NBP), will be played on Saturday (today), at 4:30pm at Karachi Parsi Institute Cricket Ground. Imam Buksh Baloch, Senior Executive Vice President, Nation

Published 28 May, 2011 12:00am

Swiss franc at fresh all-time

The Swiss franc surged to fresh all-time highs against the dollar and the euro on Friday as the International Monetary Fund said Switzerland should raise interest rates soon, giving wings to the franc. The franc also hit a record 1.2168 francs per euro on

Published 28 May, 2011 12:00am

Rate futures pare back

Concerns over an impasse on the Greek crisis have prompted investors to pare back expectations in money markets for monetary tightening, but worries over inflation mean they will continue to price in rate hikes. Euribor interest rate futures were broadly

Published 28 May, 2011 12:00am

Won, ringgit extend gains

The South Korean won and the Malaysian ringgit extended gains on Friday, leading their Asian peers, on a broadly weaker dollar and as investors continued to buy the regional stocks, while China provided further support by fixing the yuan's mid-point at a

Published 28 May, 2011 12:00am

Indian rupee up

The Indian rupee ended stronger on Friday as positive local shares and the euro's gains against the dollar supported, but persistent demand for the greenback from importers prevented a sharper rise. The partially convertible rupee closed at 45.16/17 per d

Published 28 May, 2011 12:00am

New Zealand and Australian dollars climb

The New Zealand and Australian dollars rose against a broadly weaker greenback on Friday, underpinned by firmer stocks and commodities, with the kiwi soaring to a fresh 3-year high. The New Zealand dollar surged to a fresh peak of $0.8200, before steadyin

Published 28 May, 2011 12:00am

Euro stays at record low versus Swiss franc

The euro hit a record low versus the Swiss franc on Thursday on mounting doubts whether Greece will receive its next round of aid from the IMF, and the worries are likely to keep the single currency under pressure. Comments by Jean-Claude Juncker, preside

Published 28 May, 2011 12:00am

Midday trade in New York: Euro rebounds versus dollar

The euro took off against the dollar on Friday, helped by comments out of Europe suggesting that Greece should be able to handle its heavy debt load. The euro, however, hit a record low versus the Swiss franc, as did the dollar, indicating investors remai

Published 28 May, 2011 12:00am

Euro trims gains in London

The euro trimmed gains against a broadly weaker dollar and hit a record low against the safe-haven Swiss franc on Friday on persisting concerns about the economic health of some eurozone countries. The dollar stayed under pressure following weak US data o

Published 28 May, 2011 12:00am

Dollar tumbles broadly in Asia

The dollar tumbled broadly on Friday after weak US economic data dragged the 10-year Treasury yield down to a six-month low overnight, with the greenback's drop gaining steam on a flurry of stop-loss selling. The dollar fell across the board, hitting a re

Published 28 May, 2011 12:00am

Sterling rises versus dollar

Sterling hovered below a two-week high against a weak dollar on Friday as investors liquidated long positions in the greenback, with the pound set to benefit from an increasingly uncertain outlook for the US economy. The dollar was down 0.5 percent agains

Published 28 May, 2011 12:00am

Yuan little changed

The yuan ended little changed against the dollar on Friday, even though the People's Bank of China set the mid-point at a record high, as dealers reported large dollar demand from corporate clients. The Chinese central bank set the yuan's daily mid-point

Published 28 May, 2011 12:00am

Miners, banks lead broad-based FTSE rally

Miners and banks led a broad-based FTSE rally into the long holiday weekend, although short-term index moves are seen rangebound with a technical skew to the downside. Leading the charge higher on Friday were heavyweight diversified miners, contributing 1

Published 28 May, 2011 12:00am

New South American exchange to start trade

Limited trading is slated to start on Monday on the MILA bourse that will integrate the stock exchanges of Colombia, Chile and Peru to help boost liquidity and initial public offerings, officials said on Friday. MILA, which cross-lists shares of companies

Published 28 May, 2011 12:00am

Australian shares soar

Australian stocks rose 0.5 percent on Friday following strong global leads, but still ended the week 1 percent down as distressing global economic news took its toll. The main index is down 2.9 percent so far in May and is on course for its worst monthly

Published 28 May, 2011 12:00am

Taiwan stocks rise

Taiwan stocks rose 0.25 percent on Friday, with banks such as Mega Financial gaining after regulators said it would allow overseas branches and offshore banking units to conduct business using the Chinese currency. The benchmark TAIEX index ended up 21.60

Published 28 May, 2011 12:00am

European shares higher

European shares rose on Friday, led by banks on a report that Basel III capital requirements would not be as stringent as previously expected. But strategists said shares were set to remain in a tight range until there was more clarity on the euro zone de

Published 28 May, 2011 12:00am

Hong Kong shares jump, China posts worst week in 11 months

Hong Kong shares jumped on Friday, recovering the bulk of the week's losses and shrugging off a weak Shanghai market that posted its worst weekly loss in eleven months as tight liquidity in the financial system continued to weigh on sentiment. A rally in

Published 28 May, 2011 12:00am

Southeast Asian markets up

Southeast Asian stock markets posted small gains on Friday as investors bought resource shares after a rise in oil prices, but indexes were lower on the week as concern grew about the impact of euro debt problems on the global economy. Turnover in some ma

Published 28 May, 2011 12:00am

Treasuries rally

US Treasuries rallied and benchmark yields fell to new six-month lows on Thursday as weaker-than-expected economic data and renewed concerns over Greece's debt added to demand for safe haven debt. Ten-year notes yields also broke below their 200-day movin

Published 28 May, 2011 12:00am

Treasuries rally

US Treasuries rallied and benchmark yields fell to new six-month lows on Thursday as weaker-than-expected economic data and renewed concerns over Greece's debt added to demand for safe haven debt. Ten-year notes yields also broke below their 200-day movin

Published 28 May, 2011 12:00am

Seoul shares up

Seoul shares erased earlier falls and ended up 0.4 percent on Friday as foreign investors continued buying after snapping a 10-session selling streak in the previous session, with a firm rebound in autos and technology stocks helping the market. The Korea

Published 28 May, 2011 12:00am

US stocks remain up

US stocks rose for a second day on Thursday in a choppy session, with technology and consumer discretionary stocks leading the way after upbeat earnings. Sellers crowded around the S&P 500's 50-day moving average for a third day. The level, now just above

Published 28 May, 2011 12:00am

Friday's midday trade: Wall Street gains

Wall Street rose on Friday, led by energy and materials stocks as commodity prices firmed in light trading before the long Memorial Day holiday weekend. The S&P Energy index rose 0.8 percent. Occidental Petroleum added 1.8 percent to $106.87. Freeport-McM

Published 28 May, 2011 12:00am

Nikkei dips as Sony weighs

The Nikkei stock average fell on Friday for its third straight week of losses, pulled lower by a drop in Sony Corp shares after the electronic giant's earnings outlook undershot analyst forecasts. While positive news this week, such as the launch of new i

Published 28 May, 2011 12:00am

Indian shares climb

Indian shares rose nearly 1 percent on Friday, led by gains in index heavyweights Reliance Industries and ICICI Bank, and helped by gains in Asian markets as bargain hunters scooped up beaten down stocks. Indian shares buoyed by gains in international mar

Published 28 May, 2011 12:00am

Nigeria interbank rates up

Nigerian interbank lending rates climbed to 10.58 percent on average this week from 9.16 percent last week after the central bank lifted its benchmark interest rate, traders said on Friday. The central bank raised the rate to 8.0 percent from 7.5 percent

Published 28 May, 2011 12:00am

Top Indian adviser calls for liberalising retail

India's top economic adviser called on Friday for the government to open up the nation's vast retail sector to foreign investors to cut supply bottlenecks and ease stubbornly high inflation. Large retailers such as US-based Wal-Mart and France's Carrefour

Published 28 May, 2011 12:00am

Vedanta Cairn bid to go to India cabinet for decision

British resource giant Vedanta's long-delayed bid to buy a majority stake in the Indian unit of Cairn Energy will go to the cabinet for a decision within two weeks, a minister said Friday. Britain-based Cairn Energy has called the government's ruling on t

Published 28 May, 2011 12:00am

World Kurultay of Kazakhs kicks off

The celebrations of Fourth World Kurultay of Kazakh people started in capital, Astana on Wednesday. Kurultay is the traditional form of public representation among the nomads of Central Asia. Delegations from more than 30 countries are attending the prese

Published 28 May, 2011 12:00am

MGM China prices $1.5 billion IPO at top end as sector booms

Macau casino operator MGM China raised $1.5 billion from its Hong Kong initial public offering after pricing it at the top of its indicative range, triggering some concerns about lofty valuations. The firm, co-owned by MGM Resorts International and casino

Published 28 May, 2011 12:00am

US lifts duties on EU luxury foods

The United States lifted import duties on European luxury foods on Friday in return for a promise of bigger hormone-free beef sales to the European Union, signalling an end to one of the trading powers' oldest disputes. The United States said in its Feder

Published 28 May, 2011 12:00am

UK's consumer confidence posts near-record jump

British consumer morale jumped in May to its highest level this year and house prices nudged up, providing glimmers of hope for an economy struggling to get out of the doldrums, but analysts warned against reading too much into the figures. Bank of Englan

Published 28 May, 2011 12:00am

Google, Facebook lose social network patent ruling

Google Inc and Facebook Inc failed to win dismissal of a lawsuit by a New York company related to software designed to let people take part on social networks through their mobile phones. Wireless Ink Corp, which runs the Winksite service, may pursue clai

Published 28 May, 2011 12:00am

Opec output rises in May

Opec crude oil output is expected to rise in May as extra oil from Saudi Arabia, Nigeria and Iraq counters a further decline in Libyan supply, a Reuters survey found on Friday. Any extra supply from the Organisation of the Petroleum Exporting Countries is

Published 28 May, 2011 12:00am

Tensions grow over capital controls for banks

European bank shares rose on Friday on hopes that new international capital rules for lenders would be applied with a lighter touch in the European Union as Germany and France demand more leeway. But at the same time, the International Monetary Fund urged

Published 28 May, 2011 12:00am

Greeks fail to agree on debt measures

Greece's prime minister failed to convince opposition leaders on Friday to support tougher austerity measures to free up EU/IMF aid needed to avert a debt default. The European Union is demanding that Greek politicians reach a national consensus on long-t

Published 28 May, 2011 12:00am

Gasoline prices erode US spending, incomes

The US economy remained sluggish early in the second quarter with high gasoline prices crimping consumer spending and bad weather helping to push pending home sales to a seven-month low in April. Consumer spending increased 0.4 percent for a 10th straight

Published 28 May, 2011 12:00am

Japan's price gauge up first time since 2008

Japan's main price gauge rose in April for the first time in more than two years but underlying prices and consumption remained weak following the March earthquake, signalling Tokyo still has a long way to go in its battle with deflation. Core consumer pr

Published 28 May, 2011 12:00am

Fitch cuts credit rating outlook

Ratings agency Fitch on Friday cut its outlook on Japan's sovereign debt, warning that the vast cost of a March earthquake and tsunami and the still-unknown bill for the clean-up after the nuclear disaster would further strain the country's already shaky

Published 28 May, 2011 12:00am

Fitch cuts credit rating outlook

Ratings agency Fitch on Friday cut its outlook on Japan's sovereign debt, warning that the vast cost of a March earthquake and tsunami and the still-unknown bill for the clean-up after the nuclear disaster would further strain the country's already shaky

Published 28 May, 2011 12:00am

China Telecom accused of illegal boozing

Workers at China Telecom have accused their bosses of using public funds to splurge on alcohol for personal use, state media said Friday, highlighting China's tradition of mixing booze and business. The 16 employees in Shantou city last week posted a stat

Published 28 May, 2011 12:00am

Toyota, Honda global output halved

Japanese auto giants Toyota and Honda saw global production halved in April as the March 11 earthquake and tsunami ravaged supply chains, the companies said Friday. Honda reported a 52.9 percent year-on-year drop in world-wide production and an 81.0 perce

Published 28 May, 2011 12:00am

Jute goods prices down on Jodia Bazaar

The trading in jute goods twine closed down on Jodia Bazaar here on Friday. The following changes were noted.

Published 28 May, 2011 12:00am

No change on grain market

Not a single change was seen on the Karachi wholesale grain and seed markets on Friday as participants were busy in preparations for Juma prayers, grain and seed merchants group's press release said. Trading activity will resume on Saturday.

Published 28 May, 2011 12:00am

Cautious mills' buying seen ahead of federal budget 2011-2012

Wait-and-see attitudes adopted by the mill though they did some cautious buying ahead of the federal 2011-2012 budget, brokers said on the cotton market on Friday. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,500, they sai

Published 28 May, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 120,113 tonnes of cargo including 82,717 tonnes of import cargo, 37,396 tonnes of export cargo and 2,288 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 82,717 tonnes compris

Published 28 May, 2011 12:00am

Russia to harvest 52.7 million tonnes of wheat this year

Russia's wheat crop will rebound to 52.7 million tonnes this year, a 27 percent recovery from last year, when a drought decimated the crop and prompted the government to ban exports, a Reuters poll showed. The total grain harvest, was forecast on average

Published 28 May, 2011 12:00am

Spain's winter grain harvest seen up 13.5 percent

Spain's winter grain harvest, about to get underway, is expected to rise 13.5 percent from last year, the Accoe merchants' association said on Friday in the major grain importing country. That compares with official forecasts that the 2011 harvest would d

Published 28 May, 2011 12:00am

Ivory Coast exports 80,000 tonnes of cocoa since end of crisis

Ivory Coast has exported more than 80,000 tonnes of cocoa since ports reopened in April in the wake of a violent post-election conflict, surpassing initial expectations, an official told Reuters on Friday. The world's top cocoa growing nation has been wor

Published 28 May, 2011 12:00am

G8 pledges $20 billion to foster Arab Spring

The Group of Eight promised $20 billion in aid to Tunisia and Egypt on Friday and held out the prospect of billions more to foster the Arab Spring and the new democracies emerging from popular uprisings.

Published 28 May, 2011 12:00am

Algeria buys 50,000 tonnes of durum wheat

Algeria's state grains agency OAIC has bought in a tender at least 50,000 tonnes of durum wheat for around $430 a tonne, including cost and freight, for shipment between July 20 and August 10, European traders said on Friday. The origin of the grain was o

Published 28 May, 2011 12:00am

G8 pledges $20 billion to foster Arab Spring

The Group of Eight promised $20 billion in aid to Tunisia and Egypt on Friday and held out the prospect of billions more to foster the Arab Spring and the new democracies emerging from popular uprisings.

Published 28 May, 2011 12:00am

KARACHI CHRONICLE: Indifference and contempt

Frequent breakdown in the electricity distribution system leading to massive blackout lasting twelve to fifteen hours at a stretch; schedule and unscheduled power cuts; terrifying fluctuation; supply problems caused by a heatwave soaring to 44 degrees Cen

Published 28 May, 2011 12:00am

Massive irregularities in defence services accounts

Auditor General of Pakistan (AGP) has detected embezzlements, irregularities and mismanagement's in defence services accounts in excess of Rs 11 billion, documents available with Business Recorder reveal. According to the audit report 2010-11 on ac

Published 28 May, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
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WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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