News Archives for Print - 2011-07-22

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Print - 2011-07-22

New York cotton

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

Published 22 Jul, 2011 12:00am

New York cotton

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

Published 22 Jul, 2011 12:00am

New York cotton settles weaker

Cotton futures ended lower on Thursday on investor sales as the prospect of a debt deal in the EU and the US failed to fire up market participants who feel the deals would just postpone solving urgent budget problems in both regions for another day, analy

Published 22 Jul, 2011 12:00am

US copper lower

Copper posted its first down day in four sessions on Wednesday, as lingering debt uncertainties on both sides of the Atlantic and questions about near-term demand prospects threw some cold water on a recent rally. In New York, the key September COMEX cont

Published 22 Jul, 2011 12:00am

Shanghai copper drops

The most-active October copper contract on the Shanghai Futures Exchange dropped half a percent to 72,310 yuan a tonne on Thursday. Hopes demand from top copper consumer China will stay strong in the second half of 2011 had been boosting sentiment in the

Published 22 Jul, 2011 12:00am

China's factory activity hurts copper

Copper fell on Thursday as data showed shrinking manufacturing activity in top consumer China fuelled demand fears, but losses were capped by a softer dollar against the euro, which was boosted by optimism about a eurozone debt deal.

Published 22 Jul, 2011 12:00am

Brent crude falls

Brent crude turned negative in a bout of late selling on Thursday, dragged down by a sell off in gasoline due to concerns about US demand. Weak gasoline demand, which has been lagging year ago levels by 2.2 percent over the last four weeks in the midst of

Published 22 Jul, 2011 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 22 Jul, 2011 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 22 Jul, 2011 12:00am

Tokyo rubber down; Shanghai up

Key Tokyo rubber futures settled down 1 percent on Thursday as a strong yen and weaker oil prices weighed on the market, with many investors taking a wait-and-see stance amid uncertainties in the US and European financial markets. The key Tokyo Commodity

Published 22 Jul, 2011 12:00am

New York sugar and cocoa soar

Raw sugar and US cocoa futures settled up in thin trade on Wednesday, while arabica coffee closed at a six-month low after a choppy session weighed down by chart-based pressure and Brazil's new-crop harvest. Key October raw sugar futures rose 0.14 cent to

Published 22 Jul, 2011 12:00am

Malaysian palm oil falls

Malaysian palm oil futures fell on Thursday after hitting a one-month high earlier in the session as weak economic Chinese data erased gains made on higher export hopes. Commodity markets come under pressure after weak economic data from the world's top c

Published 22 Jul, 2011 12:00am

Liffe sugar climbs

White sugar futures leaped climbed on Thursday as talk swirled that the cane crop of No. 1 producer Brazil will be smaller than previously thought as aging plants and poor weather damage the harvest. London's October white sugar futures climbed $25.50 or

Published 22 Jul, 2011 12:00am

US gold rises

Gold resumed its rise on Wednesday after the last session's drop from record highs, as investors focused on economic uncertainty despite progress in talks on raising the US debt limit and ahead of a eurozone summit aimed at resolving the region's debt cri

Published 22 Jul, 2011 12:00am

Gold flat in Asia

Spot gold hovered around $1,600 on Thursday, with investors waiting for the outcome of a eurozone summit on Greece's debt crisis while concerns around the US debt ceiling talks continued to support sentiment.

Published 22 Jul, 2011 12:00am

Gold holds $1,600 in European trade

Gold held near $1,600 an ounce on Thursday as caution over the outlook for the European debt crisis lingered after draft proposals from an emergency EU summit in Brussels were reported, and as concerns persisted over talks to lift the US debt ceiling.

Published 22 Jul, 2011 12:00am

US MIDDAY: sugar jumps

Raw sugar futures leaped by up to 5 percent Thursday as talk swirled that the cane crop of No. 1 producer Brazil will be smaller than previously thought as aging plants and poor weather damage the harvest. New York's October raw sugar contract was up 0.86

Published 22 Jul, 2011 12:00am

US MIDDAY: corn down, soya up

CBOT December corn fell 7-1/2 cents per bushel to $6.70-1/4 early on Thursday on forecasts for cooler and wetter weather by the weekend in the US crop belt, traders said. CBOT September wheat was down 13 cents to $6.84.

Published 22 Jul, 2011 12:00am

US MIDDAY: copper down

Copper ended down for a second straight day on Thursday, after data showing a contraction in China's vast manufacturing sector lessened some demand optimism in the world's top metals consumer. "The Chinese numbers were very negative; that's what is keepin

Published 22 Jul, 2011 12:00am

US MIDDAY: gold falls

Gold fell on Thursday, extending its drop from a recent record high as a proposal to give Europe's financial rescue fund new powers to fight debt contagion drew investors to riskier assets at the expense of safe havens.

Published 22 Jul, 2011 12:00am

Evolving joint strategy in parliament: PML-N holds meetings with MQM, JUI-F

In a bid to chalk out a joint strategy in the Parliament and give tough time to the government, Pakistan Muslim League-Nawaz (PML-N) leadership on Thursday held separate meetings with Muttahida Qaumi Movement (MQM) and Jamiat Ulema-e-Islam-Fazal (JUI-F) l

Published 22 Jul, 2011 12:00am

FBR issues draft amendments to Income Tax Rules

The Federal Board of Revenue (FBR) has issued draft amendments to the Income Tax Rules with respect to treatment of profit made on sale of borrowed shares under Margin Trading Scheme and Margin Financing Scheme, wash sales, extension in e-filing of statem

Published 22 Jul, 2011 12:00am

Circular debt issue of power sector: power crisis likely to worsen as meeting remains inconclusive

The power crisis may worsen in the country as an important meeting convened to resolve the issue of circular debt remained inconclusive with PEPCO demanding immediate release of Rs21 billion. Sources told Business Recorder that PEPCO had sought imm

Published 22 Jul, 2011 12:00am

MQM allotted opposition benches in Sindh Assembly

Muttahida Qaumi Movement lawmakers have been allotted opposition benches in Sindh Assembly. Speaker Nisar Khoro assigned seats to MQM members on Thursday.

Published 22 Jul, 2011 12:00am

Musharraf says no complicity on bin Laden

Former president Pervez Musharraf insisted Thursday that Pakistan did not provide assistance to Osama bin Laden as he renewed criticism of the US raid that killed the world's most wanted man.

Published 22 Jul, 2011 12:00am

Cross-border attack kills two in Khar

Mortar shells fired from across the border in Afghanistan hit a house in Khar on Thursday killing two people and wounding several children, officials said. They blamed Pakistani Taliban, saying the militants are hiding in eastern Afghanistan and launching

Published 22 Jul, 2011 12:00am

PML-N, MQM criticise government's poor performance

Opposition in the National Assembly on Thursday criticised the government for failure to maintain law-and-order situation in Karachi and blamed the government for rigging AJK Legislative Assembly's elections.

Published 22 Jul, 2011 12:00am

Inland Revenue Wing: FBR may create two new posts to share workload

The Federal Board of Revenue may distribute workload of Inland Revenue (IR) Wing by creating two new posts ie FBR Member IR Income Tax and FBR Member IR Sales Tax. It is learnt here on Thursday that the FBR was considering two options in this regard.

Published 22 Jul, 2011 12:00am

Plant and machinery: importers to get ST exemption on submission of PDCs

The Federal Board of Revenue has decided to grant sales tax exemption on import of plant and machinery (not manufactured locally) on submission of post-dated cheques by registered manufacturers/industrial importers and bank guarantees/pay orders, etc, by

Published 22 Jul, 2011 12:00am

GB Supreme Appellant Court: SC moved against appointment of retired judges

A constitutional petition was filed in the Supreme Court (SC) here on Thursday challenging the appointment of retired judges in Gilgit-Baltistan Supreme Appellant Court.

Published 22 Jul, 2011 12:00am

Japan plans additional $165 billion for reconstruction

Japan's government plans additional spending of 13 trillion yen ($165 billion) for reconstruction projects after the March 11 earthquake and tsunami, on top of a combined 6 trillion yen already set aside in two extra budgets, a government source said on T

Published 22 Jul, 2011 12:00am

Airline profits beat Wall Street

United Continental Holdings and US Airways Group's profits topped Wall Street expectations, but the results fell from a year earlier as fuel prices skyrocketed. The much-smaller Alaska Air Group posted a profit that was in line with Wall Street forecasts.

Published 22 Jul, 2011 12:00am

Strong franc hits Swiss export growth

Growth of Swiss exports slowed in June and firms slashed prices to defend foreign market share as the strong Swiss franc took its toll. The data supports the Swiss National Bank's view that growth will slow this year due to the franc's rise to record peak

Published 22 Jul, 2011 12:00am

Turkish central bank holds rates

Turkey's Central Bank left its policy rate at a record low on Thursday and took a new dovish tone, saying steps to slow demand were working and promising to loosen policy if debt woes in developed countries stalled growth.

Published 22 Jul, 2011 12:00am

Businesses becoming unable to respond to inflationary challenge: ACCA report

A latest Global Economic Conditions survey from the Association of Chartered Certified Accountants (ACCA) has revealed that businesses are becoming increasingly unable to respond to the inflationary challenge through cost-cutting.

Published 22 Jul, 2011 12:00am

Chinese foreign minister congratulates Hina

Minister of Foreign Affairs of China Yang Jiechi congratulated Foreign Minister Hina Rabbani Khar on assumption of the office. In a letter written to Foreign Minister Hina Rabbani Khar, the Chinese Foreign Minister Yang Jiechi congratulated her on assumin

Published 22 Jul, 2011 12:00am

PTCL inaugurates EFC

Pakistan Telecommunication Company Ltd, taking excellent initiative for its employees, formally opened on Thursday Employee Facilitation Center (EFC), established for its employees I Ex-employees and their families at Regional General Manager-II, Office I

Published 22 Jul, 2011 12:00am

SECP approves amendments to streamline process of capital issue

As part of its mandate to develop an efficient primary market and encouragement of new listing at the stock exchanges, the Securities and Exchange Commission of Pakistan (SECP) has reviewed the Companies (Issue of Capital) Rules, 1996 (CI Rules) and appro

Published 22 Jul, 2011 12:00am

Broadening of tax base: Chief Commissioners conference to review Performance

A thorough review of the performance relating to the all important issue of broadening of tax base (income tax and sales tax) would be under taken at the 4th Chief Commissioners Conference scheduled to be held in Islamabad on July 23.

Published 22 Jul, 2011 12:00am

BISP teams directed to expedite survey process

Chairperson Benazir Income Support Programme (BISP), Farzana Raja has directed the organisations responsible to conduct ongoing door to door poverty survey to complete the process on urgent basis in the areas where it is still underway.

Published 22 Jul, 2011 12:00am

Gold hits new peak

The prices of gold on Thursday hit another historic high mark of Rs 51, 300 per tola up by Rs 400 after the global market witnessed a surge to $1599 an ounce, traders said. Gold price gained to a new peak of Rs 43, 971 per 10 grams from Rs 43, 628 in a si

Published 22 Jul, 2011 12:00am

17 Indians to avoid death penalty in UAE: report

Seventeen Indians on death row in the United Arab Emirates on conviction of killing a Pakistani are to avoid execution by paying over $900,000 in "blood money," The National newspaper said on Thursday.

Published 22 Jul, 2011 12:00am

My Karachi: Oasis of Harmony Exhibition 2011: KCCI finalises all arrangements

The Karachi Chamber of Commerce and Industry (KCCI) has finalised all arrangements to hold its 8th Flagship International "My Karachi: Oasis of Harmony Exhibition 2011" from July 22 at Expo Centre, Karachi, which was another sequel to KCCI annual internat

Published 22 Jul, 2011 12:00am

Devolution of Ministry of Zakat and Ushr: Sindh government cannot collect Zakat directly

Despite devolution of Ministry of Zakat and Ushr from Federal to Provincial governments, Sindh could not collect Zakat directly from the companies and individuals in new Zakat year due to obstacles created by the Centre, official sources disclosed to B

Published 22 Jul, 2011 12:00am

Bank Alfalah conducts local market orientation programme

Bank Alfalah, one of the leading commercial banks in Pakistan, conducted a three-day customised knowledge sharing programme for The Industrial and Commercial Bank of China (ICBC), which is the most recent entrant to the Pakistani banking sector.
Published 22 Jul, 2011 12:00am

'Pakistani traders should explore Gambian market'

The Consul General of The Gambia Syed Tahir Husain has expressed his confidence that more trade opportunities are explored by Pakistani entrepreneurs in the Gambia. He made these remarks while giving his message on The Revolution Day of The Gambia which f
Published 22 Jul, 2011 12:00am

20 information officers promoted

The Information Department, Government of Sindh, on the recommendation of DPC-1 and with the approval of competent authority, has promoted 20 Information Officers (BS-17) to the post of Deputy Director Information (BS-18), on a regular basis.
Published 22 Jul, 2011 12:00am

Japan exports beat forecasts, trade balance swings to surplus

Japan's exports rose in June and the pace of annual declines slowed, bringing the trade balance back into surplus as factory output and sales steadily recover from the March 11 earthquake, tsunami and nuclear meltdown.
Published 22 Jul, 2011 12:00am

Regulators may revisit margin rule: Bernanke

Federal Reserve Board Chairman Ben Bernanke said a proposed rule from US bank regulators regarding margin requirements and derivatives could put US companies at a competitive disadvantage with their international rivals.
Published 22 Jul, 2011 12:00am

British state borrowing climbs

British state borrowing rose in June, but finance minister George Osborne remains on course to meet his annual target after downward revisions to previous months, official data showed on Thursday. Public sector net borrowing hit £14 billion ($23 billion,
Published 22 Jul, 2011 12:00am

Sudan approves law imposing oil transit fees

Sudan on Thursday approved a law imposing fees on the south's use of its oil infrastructure, in an effort to offset the loss of oil revenues following southern secession on July 9, the finance minister said.
Published 22 Jul, 2011 12:00am

Morgan Stanley stuns market with second quarter beat

Morgan Stanley stunned Wall Street with better-than-expected second-quarter results, outperforming Goldman Sachs and other rivals as it gained market share in tough trading conditions.
Published 22 Jul, 2011 12:00am

US regional factories resume growth, jobs a worry

Factory activity in the US Mid-Atlantic region rebounded in July, but stubbornly high new filings for jobless benefits suggested an expected pick-up in economic growth in the second half of 2011 would be modest.
Published 22 Jul, 2011 12:00am

Express Scripts to buy Medco for $29 billion

Express Scripts Inc will buy rival Medco Health Solutions Inc for $29.1 billion in cash and stock to create a powerhouse in managing prescription drug benefits in the United States, the companies said on Thursday.
Published 22 Jul, 2011 12:00am

AT&T profit, subscriber growth beat expectations

AT&T Inc's second-quarter profit and revenue beat Wall Street estimates and it added more subscribers than expected despite the loss of exclusive US rights to sell Apple Inc's iPhone.
Published 22 Jul, 2011 12:00am

Eurozone PMIs slip to around two-year lows

Private-sector growth in the eurozone ground to a halt this month and China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a global slowdown.
Published 22 Jul, 2011 12:00am

China's factory sector shrinks

China's factory sector shrank for the first time in a year in July, a survey showed on Thursday, feeding worries among the country's main trading partners that its growth is unsustainable and could lead to a slump.
Published 22 Jul, 2011 12:00am

Developed nations put new oil stocks release on halt

The world's top oil consumers decided against releasing more stocks into the market on Thursday, despite high prices still threatening to hinder economic recovery, saying they believed producers have started pumping more.
Published 22 Jul, 2011 12:00am

Chelsea fail to spark in Malaysia

English giants Chelsea failed to shine under new boss Andre Villas-Boas Thursday in a friendly against Malaysia that was marred by racial abuse towards their Israeli midfielder Yossi Benayoun.
Published 22 Jul, 2011 12:00am

Shastri summoned in IPL probe

Ravi Shastri has been summoned by a law enforcement agency probing alleged financial irregularities in the Indian Premier League (IPL), the former India all-rounder confirmed Thursday. He has been asked to help the Enforcement Directorate over questions r
Published 22 Jul, 2011 12:00am

Sri Lankan Twenty20 struggles on opening day

Sri Lanka's inaugural Twenty20 premier league, which has been hit by a lack of big names, began Thursday in front of sparse crowds with the first game decided by a bowl-out due to overnight showers. Spin wizard and local hero Muttiah Muralitharan starred
Published 22 Jul, 2011 12:00am

Dilshan named skipper for Aussie tour

Sri Lanka on Thursday appointed Tillakaratne Dilshan as skipper for Australia's visit next month, but did not name a deputy. Dilshan will lead in the three Tests, five ODIs and two Twenty20 games, Sri Lanka Cricket (SLC) said in a statement. The first gam
Published 22 Jul, 2011 12:00am

Andy Schleck wins 18th stage, Voeckler retains lead

Andy Schleck roared to victory on the history-making 18th stage featuring the highest ever finish in Tour de France history here Thursday. But the Luxembourger's bid for the overall lead was thwarted by Thomas Voeckler.
Published 22 Jul, 2011 12:00am

Lucky Paraguay reach Copa America final

Paraguay beat Venezuela 5-3 on penalties to reach the Copa America final on Wednesday after regulation and extra-time produced a goalless draw. Twice champions Paraguay will now meet Uruguay, chasing a record 15th title, in Sunday's final in Buenos Aires.
Published 22 Jul, 2011 12:00am

Ronaldo hat-trick propels Real Madrid win

Cristiano Ronaldo scored three goals in a devastating nine minute second-half spell on Wednesday to propel Spanish giants Real Madrid to a 3-0 victory overr Mexico's Chivas Guadalajara Ronaldo, a former world footballer of the year, was thwarted by Chivas
Published 22 Jul, 2011 12:00am

India to host IPL-style hockey extravaganza

A franchise-based field hockey league on the lines of the successful Indian Premier League (IPL) cricket will be held in India in December featuring top players, it was announced on Thursday. The eight-team World Series Hockey, a joint venture of the Indi
Published 22 Jul, 2011 12:00am

Rain stops play in England, India opener at Lord's

Rain prevented play resuming as scheduled after tea in the first Test between England and India at Lord's Thursday. Bad light cut short play initially at 3:51pm local time (1451GMT), forcing an early tea, with England 127 for two after losing the toss in
Published 22 Jul, 2011 12:00am

Players 'trafficked' for match-fixing scams: FIFA

Footballers from poor countries are being "trafficked" around the world in order to facilitate match-fixing, FIFA's head of security was reported as saying Thursday. Chris Eaton, who is responsible for overseeing world football's attempts to tackle corrup
Published 22 Jul, 2011 12:00am

Cielo escapes ban as doping cloud lifts

Brazilian swim star Cesar Cielo escaped a drugs ban Thursday after a high-profile case that left him clear to defend his 50m and 100m titles and lifted a doping cloud from the world championships.
Published 22 Jul, 2011 12:00am

Guwar and gur rates up on grain market

Gurwar and Gur prices were higher on the wholesale grain market on Thursday in process of trading, dealers said. On cereals side gur inferior type posted fresh gain of Rs 200 to Rs 7000 and best quality was unmoved due to balanced demand and supply positi
Published 22 Jul, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 91,455 tonnes of cargo including 71,414 tonnes of import cargo, 20,041 tonnes of export cargo and 5,051 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday.
Published 22 Jul, 2011 12:00am

Brazilian cocoa arrivals down

Cocoa deliveries to Brazilian traders' and grinders' warehouses so far this season are around 11 percent below the year-ago period, data from Bahia Commercial Association showed on Wednesday. Deliveries recorded for the past week were inflated by the addi
Published 22 Jul, 2011 12:00am

US wheat futures rise

US wheat futures rose for the second day in a row on Wednesday, supported by a round of short covering and a weak dollar that bolstered demand for US commodities, traders said. Gains in the Kansas City Board of Trade hard red winter wheat and MGEX spring
Published 22 Jul, 2011 12:00am

Jute goods twine down on Jodia Bazaar

The trading in jute goods twine ended down on Jodia Bazaar here on Thursday.
Published 22 Jul, 2011 12:00am

Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday, snapping a three-day losing streak and keeping pace with firm soya futures. Rain across Saskatchewan and Manitoba on Wednesday seen mostly beneficial for canola and may curbed gains, along with stronger Canad
Published 22 Jul, 2011 12:00am

Russia aims to export 18 million tonnes of grain this season

Russia expects to reprise its role as a leading grain exporter this season thanks to a good harvest after last year's severe drought forced it to impose an export embargo, the Agriculture Minister said. Russia sees grain exports of 18 million tonnes in th
Published 22 Jul, 2011 12:00am

Oil cake market rates

The July vaida was lower and the December contract was inert on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The July contract that had closed at 1427.50 opened with a fall of 40 paisa at 1427.10. The December vai
Published 22 Jul, 2011 12:00am

Spot rate, prices in ready ease despite improved activity on cotton market

Falling trend persisted on the cotton market on Thursday as spot rate was extended overnight fall and prices in ready on steady arrivals of phutti, dealers said. The Karachi Cotton Association (KCA) official spot was dropped by another Rs 100 to Rs 5,700,
Published 22 Jul, 2011 12:00am

HRW wheat bids steady

Hard red winter wheat basis bids held steady on Thursday as some livestock producers bought wheat in an otherwise quiet market, dealers said. Some hog and cattle feedlots purchased the grain to feed instead of corn, a Kansas dealer said. Producers chose t
Published 22 Jul, 2011 12:00am

Cotton prices sink further

Cotton prices on both the New York futures market (ICE) as well as domestic market slumped further across the board to present a clearly bearish picture. New York futures rates were all obtaining below one dollar a pound on Thursday evening Pakistan time.
Published 22 Jul, 2011 12:00am

18th Amendment to strengthen institutions: KP minister

The Khyber Pakhtunkhwa, Minister for Forest, Wajid Ali Khan, said the passage of 18th constitutional amendments will strength institutions as several departments have been devolved to provinces. Addressing at a meeting held here at Pakistan Forest Institu
Published 22 Jul, 2011 12:00am

Government to import 0.3 million tons of urea before September

With severe shortage of urea in the domestic market, the government will have to import 0.3 million tons of the fertiliser before September in addition to 0.125 million tons for which deal is in the pipeline.
Published 22 Jul, 2011 12:00am

Pepsico Foundation gives $700,000 for flood survivors

Pepsico Foundation has provided a $700,000 grant to the American Pakistan Foundation (APF) to develop and execute a year-long flood recovery and rehabilitation programme for the most devastated regions of Pakistan. The grant is part of a broader Pepsico F
Published 22 Jul, 2011 12:00am

Essential commodities: 'subsidy given despite financial constraints'

Federal Minister for Communications, Dr Arbab Alamgir Khan Khalil has said that the government has given subsidy during the holy month of Ramazan despite financial constraints, saying that the package will provide massive discount on different essential c
Published 22 Jul, 2011 12:00am

Body formed to hold Secondary Public Offering of PPL

Privatisation Commission has constituted a six-member Transaction Committee on Thursday to hold the Secondary Public Offering (SPO) of Pakistan Petroleum Limited (PPL). The committee will be headed by a senior PC board member Iftikhar ul Haq with Mahmood
Published 22 Jul, 2011 12:00am

Telenor reaches 26.7 million-subscriber mark

Telenor Pakistan, country's second largest cellular company, continued to perform well in the second quarter of 2011 according to the latest figures released by the Telenor Group. It added 914,000 subscriptions during the three-month period, ending with a
Published 22 Jul, 2011 12:00am

Gilani announces £1 million to upgrade MRP system for UK-Pakistanis

Prime Minister Syed Yusuf Raza Gilani on Thursday announced one million pound sterling for upgrading the facilities for Machine Readable Passport (MRP) System for the Pakistanis residing in Britain. The PM made the announcement during the annual gala dinn
Published 22 Jul, 2011 12:00am

Middle East markets: GFH lifts Kuwait, other bourses muted

Kuwait-listed Gulf Finance House soared on Thursday after its chairman sold a $1.4 million stake in the firm, helping the country's index gain for a third straight day. The investment company's stock jumped 8.2 percent. Its major shareholder sold 7 millio
Published 22 Jul, 2011 12:00am

Seoul shares lower

Seoul shares ended down on Thursday, pressured by lingering uncertainties about US and European debt problems, while shipbuilders lost ground following weak quarterly results by Hyundai Heavy Industries. Auto shares tumbled on profit-taking and tech issue
Published 22 Jul, 2011 12:00am

Nikkei holds gains

The Nikkei stock average on Thursday held on to most of its strong gains made the day before, bolstered by hopes that a debt deal for Greece will be struck at an EU leaders' summit but capped near 10,000 by worries about the US debt ceiling.
Published 22 Jul, 2011 12:00am

Thursday's early afternoon trade: stocks advance on financials, transports

US stocks advanced on Thursday led by banks after Morgan Stanley reported better-than-expected results and as details of a new Greece rescue plan emerged. Financials led all S&P sectors, boosted by Morgan Stanley, which posted a narrower-than-expected los
Published 22 Jul, 2011 12:00am

Wall Street flat

US stocks closed near unchanged on Wednesday, a day after Wall Street's best rally since March, as the oncoming debt ceiling deadline overshadowed strong earnings from Apple Inc. Apple hit another all-time high one day after the maker of the iPhone and iP
Published 22 Jul, 2011 12:00am

Taiwan stocks higher

Taiwan stocks rose 0.13 percent on Thursday, with chip makers recovering from early dips after Intel Corp's subdued outlook for PC sales and with smartphone maker HTC recovering further from a recent decline. The main TAIEX index rose 10.97 points to 8,71
Published 22 Jul, 2011 12:00am

Treasuries decline

US Treasuries prices fell on Wednesday as the safety bid for US government debt ebbed on the view that eurozone leaders were making progress on a plan to ease Greece's debt burden. US Treasuries have been variously buffeted by worries about the European d
Published 22 Jul, 2011 12:00am

Indian shares remain down

Indian shares dropped for a second day on Thursday as quarterly earnings mostly indicated companies were facing pressure on profit margins, while the central bank was unlikely to ease its tightening policy due to stubbornly high inflation.
Published 22 Jul, 2011 12:00am

Hong Kong and China shares slip

Chinese shares in Shanghai as well as Hong Kong finished lower on Thursday as a survey showed that manufacturing in China contracted for the first time in a year, adding to slowdown concerns even as inflation pressures remain.
Published 22 Jul, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Dec 24

278.53

USD PKR Interbank Buying / Dec 24

278.33

USD to Japanese Yen / Dec 24

157.14

USD to Swiss Franc / Dec 24

0.90

Pound Sterling to USD / Dec 24

1.25

Euro to USD / Dec 24

1.04

Stock Volume

Germany DAX 30 / Dec 23

19,848.77

S&P 500 / Dec 24

6,040.04

India Sensex / Dec 24

78,472.87

Tokyo Nikkei / Dec 24

38,986.40

Nasdaq / Dec 24

20,031.13

Hang Seng / Dec 24

20,098.29

FTSE 100 / Dec 24

8,136.99

Dow Jones / Dec 24

43,297.03

Item Value

Crude Oil USD/Barrel / Dec 24

70.10

Karachi Cotton PKR/37.32 KG / Dec 24

17,785

Gold 10 Grams PKR / Dec 24

240,487.70

Gold Spot USD/Ounce / Dec 24

2,616.87

Cotton US¢/pound / Dec 24

68.78

Petrol/Litre / Dec 25

252.10

Gainers
Losers
Leaders

Stock Price

Sec. Inv. Bank / Dec 24

Security Investment Bank Limited(SIBL)

5.99

▲ 1.00 (20.04%)

Next Capital / Dec 24

Next Capital Limited(NEXT)

8.90

▲ 1.00 (12.66%)

Pak Agro Pack. (GEM) / Dec 24

Pak Agro Packaging Limited (GEM)(GEMPAPL)

9

▲ 1.00 (12.50%)

Ghani Chem. Ind. / Dec 24

Ghani Chemical Industries Limited(GCIL)

16.13

▲ 1.47 (10.03%)

Pak Gulf Leasing / Dec 24

Pak-Gulf Leasing Company Limited(PGLC)

14.37

▲ 1.31 (10.03%)

Popular Islamic / Dec 24

Popular Islamic Modaraba(PIM)

15.58

▲ 1.42 (10.03%)

Mandviwala / Dec 24

Mandviwala Mauser Plastic Industries(MWMP)

16.59

▲ 1.51 (10.01%)

Blessed Tex. / Dec 24

Blessed Textiles Limited(BTL)

301.77

▲ 27.43 (10.00%)

Crescent Cotton / Dec 24

Crescent Cotton Mills Limited(CCM)

55

▲ 5.00 (10.00%)

Stock Price

S.G.Power / Dec 24

S.G. Power Limited(SGPL)

10.58

▼ -1.18 (-10.03%)

Olympia Mills / Dec 24

Olympia Mills Limited(OML)

36

▼ -4.00 (-10.00%)

J.A.Textile / Dec 24

J.A. Textile Mills Limited(JATM)

33.95

▼ -3.77 (-9.99%)

Sanghar Sugar / Dec 24

Sanghar Sugar Mills Limited(SANSM)

26.16

▼ -2.90 (-9.98%)

I.C.C. Ind. / Dec 24

ICC Industries Limited(ICCI)

9.85

▼ -1.07 (-9.80%)

National Silk / Dec 24

The National Silk & Rayon Mills Limited(NSRM)

50.01

▼ -5.43 (-9.79%)

Gulshan Sp. / Dec 24

Gulshan Spinning Mills Limited(GSPM)

4.10

▼ -0.40 (-8.89%)

Crescent Fib. / Dec 24

Crescent Fibres Limited(CFL)

40.16

▼ -3.81 (-8.66%)

Reliance Ins. / Dec 24

Reliance Insurance Company Limited(RICL)

11.55

▼ -1.05 (-8.33%)

Stock Volume

WorldCall Telecom / Dec 24

Worldcall Telecom Limited(WTL)

126,573,463

▲ 0.05

Fauji Foods Ltd / Dec 24

Fauji Foods Limited(FFL)

66,984,381

▲ 0.49

Cnergyico PK / Dec 24

Cnergyico PK Limited(CNERGY)

66,471,663

▼ -0.27

Pak Elektron / Dec 24

Pak Elektron Limited(PAEL)

38,651,653

▼ -1.53

K-Electric Ltd. / Dec 24

K-Electric Limited(KEL)

36,108,956

▼ -0.18

Sui South Gas / Dec 24

Sui Southern Gas Company Limited(SSGC)

33,467,532

▼ -0.50

P.T.C.L. / Dec 24

Pakistan Telecommunication Company Ltd(PTC)

33,030,118

▼ -1.31

TRG Pak Ltd / Dec 24

TRG Pakistan Limited(TRG)

29,441,264

▲ 3.35

Pace (Pak) Ltd. / Dec 24

Pace (Pakistan) Limited(PACE)

28,106,970

▼ -0.18

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NJLI Sarmaya Growth Fund Rates

Jul-Nov FY25: Foreign borrowing, including $1.03bn from IMF, falls YoY

Sapphire Electronics to manufacture & assemble Samsung products in Pakistan

Mari Petroleum Company Limited

US concerned over sentencing of Pakistanis by military courts

MARI completes disposal of withheld bonus shares

Profit-taking maintains grip as KSE-100 sheds over 1,500 points

High returns to benefit investors, spur jobs: Aleem

IFC, local banks to provide $52.2mn financing for tyre production in Pakistan

Positive GDP growth rate unlikely?

Resident Pakistanis in UAE, UK: Rental income, capital gain not taxable: ATIR DB

NJLI Sarmaya Growth Fund Rates

Two foreign oil, gas firms win arbitration against PEL

KSE-100 gains over 4,400 points as buying momentum continues

Sapphire Electronics to manufacture & assemble Samsung products in Pakistan

MARI completes disposal of withheld bonus shares

Pakistan must prepare to let go off the crutches of remittances

Tax receipts must improve

NJLI Sarmaya Growth Fund Rates

Resident Pakistanis in UAE, UK: Rental income, capital gain not taxable: ATIR DB

Positive GDP growth rate unlikely?

Two foreign oil, gas firms win arbitration against PEL

Sapphire Electronics to manufacture & assemble Samsung products in Pakistan

KSE-100 gains over 4,400 points as buying momentum continues

MARI completes disposal of withheld bonus shares

Jul-Nov FY25: Foreign borrowing, including $1.03bn from IMF, falls YoY

Pakistan’s Feroze1888 Mills to establish subsidiary in UK

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18