News Archives for Print - 2011-05-31

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 Commi

Published 31 May, 2011 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 31 May, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (May 30, 2011).

Published 31 May, 2011 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 31 May, 2011 12:00am

Prices tend mostly lower on grain market

Bearish trend was seen on the wholesale grain market on Monday as supply from upcountry centre was steady, dealers said. On the cereal side wheat old bardan old and new were down by Rs 20 to Rs 2480 and Rs 2495. Gur low type fell by Rs 100 to Rs 6500 whil

Published 31 May, 2011 12:00am

Oil cake market rates

Mixed pattern was witnessed on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The July contract that had closed at 1421.80 opened with a gain of 30 paisa at Rs 1422.10. The December vaida which ended at Rs 1315.20 com

Published 31 May, 2011 12:00am

Prices move higher on cotton market

Prices moved up on the cotton market on Monday as mills showed interest in fresh buying in anticipation of further price rise in the near future, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,500, they said.

Published 31 May, 2011 12:00am

EU wheat ends down five percent as Russia lifts export ban

European wheat futures closed down 5 percent on Monday as Russia's weekend announcement that it will lift a grain export ban from July 1 signalled the return of competitively priced Russian wheat onto the world market. Benchmark November milling wheat on

Published 31 May, 2011 12:00am

Indonesia sees higher 2011 rice output, no need for imports

Indonesia sees higher unmilled rice paddy output of 70.6 million tonnes this year, leading to a greater surplus that means there is no need for further imports of the staple in 2011, said an agriculture ministry official. This was up 2.6 percent from the

Published 31 May, 2011 12:00am

Showers help parched German wheat

Showers in May following a long period of dry weather have helped parched German wheat recover from drought stress, Germany's largest grain trading house Toepfer International said on Monday. Rain has helped grain, especially in drought stressed north Ger

Published 31 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 Monday.

Published 31 May, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 260,282 tonnes of cargo including 167,986 tonnes of import cargo, 92,296 tonnes of export cargo and 4,111 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 167,986 tonnes compr

Published 31 May, 2011 12:00am

EU energy plan threatens carbon billions

The Europe Union's carbon market could be flooded with excess pollution permits over the next decade, cutting prices in half and depriving governments of billions in budgeted revenues, EU sources say. "There's a real concern of negative impacts on prices

Published 31 May, 2011 12:00am

BASF, Ineos create plastics joint venture

German chemical giant BASF and British group Ineos on Monday announced the formation of a new joint venture to produce styrene, used to make plastics, turning their respective units into a separate entity. The resulting company, Styrolution, combines the

Published 31 May, 2011 12:00am

Iran's oil output may drop drastically by 2015

Iran's oil production may fall to 2.7 million barrels per day within five years unless 150 billion dollars is invested in its energy sector, a top official said in a report on Monday. "The national oil company plans to invest 150 billion dollars during th

Published 31 May, 2011 12:00am

Germany wants nuclear exit by 2022 at latest

Germany plans to shut all nuclear reactors by 2022, Chancellor Angela Merkel's ruling coalition announced on Monday, in a policy reversal drawn up in a rush after the Fukushima disaster in Japan. The coalition, sensitive to accusations it may increase dep

Published 31 May, 2011 12:00am

RBS launches China brokerage joint venture Huaying Securities

The Royal Bank of Scotland Group Plc and its local Chinese partner launched their joint venture Huaying Securities on Monday, hoping to tap a piece of the booming investment banking business in the country. "From today, Huaying is licensed to underwrite a

Published 31 May, 2011 12:00am

Bangladesh eases limits on banks' government debt holdings

Bangladesh's central bank said on Monday it will allow banks to hold up to 50 percent of their government debt holdings to maturity, twice that of earlier levels. "Banks can now hold HTM (held-to-maturity) securities up to 50 percent of the SLR (Statutory

Published 31 May, 2011 12:00am

Russia hikes deposit rate

Russia's central bank surprised markets by raising its deposit rate on Monday, with Chairman Sergei Ignatyev citing a weekend decision to lift a grain export ban as a risk factor for inflation. The hike in the deposit rate, the central bank's main tool fo

Published 31 May, 2011 12:00am

China ups power prices as shortages loom

China said on Monday it would raise electricity prices for some users by about 3 percent, the first increase since 2009 as it tackles its worst power shortage in seven years. The power price rise affects industrial, commercial and agricultural users in 15

Published 31 May, 2011 12:00am

Turkey cuts forex buying, gives lenders hope

Turkey's central bank on Monday cut back its dollar purchases after a worsening eurozone debt crisis eased the flow of funds to the country, and stressed its much-criticised policy mix had started to work. The latest move in a complex campaign to cool gai

Published 31 May, 2011 12:00am

Belarus hikes interest rates

Belarus is raising its main interest rate by 2.0 percentage points to 16 percent to battle soaring inflation and a falling local currency that threaten a massive economic crisis, the central bank said Monday. Loose fiscal policies and the failure to narro

Published 31 May, 2011 12:00am

EU racing to draft second Greek bailout

The European Union is urgently working on a second bailout package for Greece in a race to release vital loans next month and avert the risk of the eurozone country defaulting, EU officials said on Monday. Greece's conservative opposition meanwhile demand

Published 31 May, 2011 12:00am

Saudi Arabia to limit work permits to help locals

Saudi Arabia will not renew the work permits of foreign workers who have spent six years in the country as part of its plan to create jobs for nationals, its labour minister was quoted as saying on Monday. "The current situation calls for strong co-operat

Published 31 May, 2011 12:00am

Joint Colombian, Chilean and Peruvian market launches operations

The stock markets in Colombia, Chile and Peru launched joint operations Monday as the Integrated Latin American Market (MILA), with a volume of about 350 million dollars per day. This is the second-largest stock market in the region, after Sao Paulo. MILA

Published 31 May, 2011 12:00am

Seoul shares end down

Seoul shares erased earlier gains and ended lower on Monday, pressured by foreign selling on global risk aversion and sharp falls in technology stocks including Hynix Semiconductor. The Korea Composite Stock Price Index closed down 0.31 percent or 6.45 po

Published 31 May, 2011 12:00am

Indian shares fall in sea-saw trade

Indian shares fell 0.2 percent in a sea-saw trade on Monday, led by automaker Mahindra & Mahindra, with surging inflation and interest rates and the escalating Greek debt crisis prompting investors to pare exposure to risky assets. Mahindra fell 5.9 perce

Published 31 May, 2011 12:00am

Australia's Resourcehouse in $3.6 billion Hong Kong IPO

Australian miner Resourcehouse has revived plans to list on the Hong Kong stock exchange, in a share sale that it hopes will raise up to $3.6 billion, company officials said Monday. The firm, controlled by billionaire Clive Palmer, postponed its initial p

Published 31 May, 2011 12:00am

Most Southeast Asian stocks move up

Most Southeast Asian stock markets edged higher in light volume on Monday, but caution remained over the outlook for the US economic recovery and some markets such as Indonesian and Malaysia were unable to hold on to their gains. With weakness elsewhere i

Published 31 May, 2011 12:00am

Nikkei edges lower in year's thinnest trade

The Nikkei average edged down in the lowest volume of the year on Monday with a stronger yen countering bargain hunting, and market players saying the benchmark will likely hover around 9,500 at least until US jobs data on Friday. Trade was especially thi

Published 31 May, 2011 12:00am

US, UK markets closed

The stocks, financial and commodity markets of the US and UK were closed on Monday due to Memorial Day holiday in US and Spring Bank Holiday in Britain. The normal trading will resume on Tuesday.

Published 31 May, 2011 12:00am

Australian shares slip

Australian stocks retreated 0.4 percent on Monday, dragged down by sliding bank shares as investors remain nervous about weak growth across the economy. Turnover was light as investors stayed on the sidelines ahead of public holidays in the US and UK mark

Published 31 May, 2011 12:00am

German nuclear shutdown weighs on European shares

European shares closed lower on Monday and are on track to end the month down as concerns over the eurozone debt situation weighed, with volumes thin as both US and UK markets were closed for a public holiday. German nuclear power plant operators RWE and

Published 31 May, 2011 12:00am

Taiwan stocks rise

Taiwan stocks ended up 0.16 percent on Monday, paced by gains in cement and glass companies, but Formosa Plastics and Nan Ya Plastics slumped on media reports the companies were ordered to halt production at some of their plants. The benchmark TAIEX index

Published 31 May, 2011 12:00am

Hang Seng ekes out 0.3 percent gain, turnover lowest this year

Hong Kong shares inched higher on Monday helped by banking shares even though lack of conviction among investors, a sluggish mainland market and US and UK holidays drove turnover to the lowest this year. In a sign of easing liquidity in China's financial

Published 31 May, 2011 12:00am

Egypt's bourse climbs, upbeat on economic support

Egypt's bourse climbed to a four-month high on Monday on optimism over foreign financial support, while UAE investors took cash off the table, weary of trading on a possible index upgrade. Egypt's benchmark index rose 0.8 percent to its highest close sinc

Published 31 May, 2011 12:00am

Euro dips ahead of resistance in Asian trade

The euro dipped on Monday after its bounce lost steam ahead of chart resistance, with investors covering short positions in the dollar following a slide in the US currency late last week. The euro still held on to the bulk of the gains it made on Friday,

Published 31 May, 2011 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 73.45/73.52 (previous 73.39/73.49). Call Money Rates: 6.00-10.00 percent (previous 5.00-10.00 percent).

Published 31 May, 2011 12:00am

Indian rupee off one-week high

Choppy domestic shares on Monday pulled the Indian rupee off its one-week high touched earlier on robust dollar inflows and gains across most Asian currencies. The partially convertible rupee ended at 45.07/08 per dollar, after hitting 45.04 - its stronge

Published 31 May, 2011 12:00am

Greek bailout uncertainty keeps euro subdued

The euro eased on Monday, pulling away from a key chart resistance as uncertainty over how Greece's debt crisis will be tackled kept investors on edge, while the dollar stabilised following a slide late last week. With volumes low due to holidays in the U

Published 31 May, 2011 12:00am

New Zealand dollar soars to 26-year peak

The New Zealand dollar powered to a 26-year high against the greenback on Monday, helped by US dollar weakness and improving economic fundamentals, while the Australian dollar held firm. The kiwi climbed to $0.8218 - its highest since it was floated in 19

Published 31 May, 2011 12:00am

Swiss franc falls versus dollar

The Swiss franc fell against the dollar on Monday and flirted with record highs against the euro as markets anticipated a verdict from European and IMF officials on Greece's drive to bring its budget deficit under control. The franc was slightly weaker ag

Published 31 May, 2011 12:00am

Ringgit, Singapore dollar cut gains

The Malaysian ringgit and the Singapore dollar broke through resistance levels against the dollar in subdued trading on Monday but later gave up some gains as the euro dipped with investors covering dollar-short positions. Emerging Asian currencies may re

Published 31 May, 2011 12:00am

Yuan at record high

The yuan ended at a record high against the dollar on Monday after the People's Bank of China set a new peak for the mid-point for the third straight session, suggesting another leg of appreciation is under way. "It's certain that the central bank wants t

Published 31 May, 2011 12:00am

Eto'o double inspires Inter Cup win

Samuel Eto'o struck twice to help Inter Milan salvage a trophy from a disappointing season with a 3-1 win over Palermo in an electric Italian Cup final on Sunday. The Cameroon striker scored in the 26th minute and 76th minutes with carbon-copy strikes aft

Published 31 May, 2011 12:00am

Nadal into last eight, Djokovic gets semis pass

Five-time champion Rafael Nadal reached the French Open last eight on Monday as title rival Novak Djokovic enjoyed a major psychological boost when he was handed a free pass into the semi-finals. Top seed Nadal enjoyed a 7-5, 6-3, 6-3 win over Croatian ve

Published 31 May, 2011 12:00am

History-maker Li in first French quarters

Sixth seed Li Na became the first Chinese player to reach the French Open quarter-finals on Monday with a disjointed 2-6, 6-1, 6-3 defeat of 21-year-old Czech ninth seed Petra Kvitova. Li, who became the first Chinese player to reach a Grand Slam final at

Published 31 May, 2011 12:00am

South Korean player 'suicide' over scandal

A South Korean footballer suspected of involvement in a widening match-fixing scandal was found dead Monday in an apparent suicide, police said. A hotel employee in southern Seoul found Jeong Jong-Kwan, a 29-year-old midfielder for third-division professi

Published 31 May, 2011 12:00am

Ton-up Stirling gives Ireland hope against Pakistan

Paul Stirling's third one-day international hundred was the centrepiece of Ireland's 238 for eight against Pakistan in the second and final match of their series at Stormont here Monday. Ireland, skittled out for 96 during Pakistan's seven-wicket win in S

Published 31 May, 2011 12:00am

England seize dramatic victory

England snatched a dramatic win over Sri Lanka in the rain-interrupted first Test on Monday after dismissing the visitors for 82 in their second innings on the final day. Fast bowler Chris Tremlett captured four for 40 and off-spinner Graeme Swann took fo

Published 31 May, 2011 12:00am

Shuttle Endeavour leaves Space Station

The US space shuttle Endeavour undocked from the International Space Station and headed back to Earth on Monday, wrapping up its final journey before entering retirement, NASA said. Endeavour's last mission is the penultimate flight for the 30-year-old US

Published 31 May, 2011 12:00am

Berlusconi suffers heavy local poll defeats

Italian Prime Minister Silvio Berlusconi suffered a shattering loss in his northern stronghold of Milan on Monday in local elections that threaten to unbalance his fractious centre-right coalition government. Already enmeshed in three corruption trials an

Published 31 May, 2011 12:00am

Saudi woman driver freed

A Saudi woman detained for defying the ultraconservative kingdom's ban on female drivers was released Monday after growing international pressure for her freedom, a rights activist said. The 32-year-old woman, Manal al-Sherif, became the centre of a growi

Published 31 May, 2011 12:00am

Outcry as Israeli firm accused of trade with Iran

After years of pushing for tough sanctions against Iran, Israel has been left reeling by reports that an Israeli shipping company has been actively doing business with the Islamic republic. The scandal erupted last week, when the US State Department annou

Published 31 May, 2011 12:00am

Top Turkish general jailed

A top Turkish general was jailed on Monday pending trial over an alleged 2003 plot to unseat Prime Minister Tayyip Erdogan's government, a move that could fuel tensions two weeks before a parliamentary election. General Bilgin Balanli, commander of Turkey

Published 31 May, 2011 12:00am

CIA secret prisons in Poland were illegal, unconstitutional

Secret prisons operated by the US Central Intelligence Agency (CIA) on Polish territory violated international law and the Polish constitution according to legal experts, reported the daily Gazeta Wyborcza Monday, citing sources close to an investigation.

Published 31 May, 2011 12:00am

Four Nato soldiers killed in Afghanistan

A renegade Afghan soldier killed a Nato service member on Monday in southern Afghanistan, while three other foreign troops died in a helicopter crash and roadside bombing elsewhere in the country, officials said. The International Security Assistance Forc

Published 31 May, 2011 12:00am

Egypt expels Iranian diplomat

An Iranian diplomat in Egypt, briefly detained on suspicion of spying, was expelled on Monday, the official MENA news agency reported. Qasim al-Hosseini was briefly detained before being told he had to leave the country. He left for Dubai on Monday. An in

Published 31 May, 2011 12:00am

Yemeni air force bombs al Qaeda-held city

The Yemeni air force bombed an al Qaeda-held southern city on Monday while residents in another city said soldiers had opened fire on a demonstration and run protesters over with bulldozers, killing at least 15. There were flashpoints across civil-war-thr

Published 31 May, 2011 12:00am

Bangladesh to integrate madrassas into mainstream

Bangladesh is planning to integrate hundreds of Islamic religious schools into the mainstream secular education system in a revamp costing $70 million, an official said Monday. Up to five million children, out of a total of 32 million pupils, study at mad

Published 31 May, 2011 12:00am

Japan rules against teacher in anthem dispute

Japan's Supreme Court rejected a lawsuit Monday by a teacher reprimanded for refusing to face the flag and sing the national anthem, which unions argue praises the nation's militarist past. The 64-year-old is among dozens of teachers and other staff who i

Published 31 May, 2011 12:00am

Syria offers nuclear cooperation

Syria, in a policy reversal, has offered to cooperate fully with the UN atomic agency, which wants to inspect a suspected nuclear reactor site that was bombed by Israeli warplanes in 2007, diplomats said. The move comes as Western nations were pushing to

Published 31 May, 2011 12:00am

UN blasts 'shocking' Syria crackdown as toll rises

The United Nations on Monday condemned the "shocking" brutality of President Bashar al-Assad's regime, as activists said at least 15 people were killed in the latest crackdown on pro-democracy protesters. Dozens of tanks for a second straight day circled

Published 31 May, 2011 12:00am

Obama picks warrior-scholar for top military job

President Barack Obama on Monday nominated Army General Martin Dempsey, a warrior-scholar who commanded troops in the Iraq war, as the top US military officer. Dempsey, whose pick requires US Senate confirmation, would replace Admiral Mike Mullen as chair

Published 31 May, 2011 12:00am

Brent oil falls below $115

Brent crude oil fell below $115 a barrel on Monday, heading for its first monthly decline this year, as investors weighed the prospect that Europe's debt crisis and a sputtering US economy may slow demand. Public holidays in the United States and the UK o

Published 31 May, 2011 12:00am

Shanghai copper falls

Shanghai copper fell on Monday on technicals, European debt problems and uncertainty about the monetary policies of the United States and China, on track for a 1 percent loss in May. The most-active August copper contract on the Shanghai Futures Exchange

Published 31 May, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 24	277.93
USD PKR Interbank Buying / Oct 24	277.73
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
Dow Jones / Oct 23	42,514.95
India Sensex / Oct 24	80,036.12
Tokyo Nikkei / Oct 24	38,159.30
Hang Seng / Oct 24	20,456.99
FTSE 100 / Oct 24	8,336.73
Germany DAX 30 / Oct 24	19,526.03

Item	Value
Petrol/Litre / Oct 24	247.03
Crude Oil USD/Barrel / Oct 24	71.62
Karachi Cotton PKR/37.32 KG / Oct 24	18,085
Gold 10 Grams PKR / Oct 24	242,713
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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