News Archives for Print - 2011-08-16

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (August 15, 2011)

Published 16 Aug, 2011 12:00am

Kashmiris observe Indian Independence Day as Black Day

Kashmiris on both sides of the Line of Control and the world over are observing the Indian Independence Day on Monday as Black Day to convey the message to New Delhi that it has no moral justification to celebrate its Independence Day as long as it contin

Published 16 Aug, 2011 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Aug, 2011 12:00am

US banks continue to ease lending standards: Fed

US banks continue to ease lending standards and most terms on all major non-real estate loans during the past three months, the Federal Reserve reported in its quarterly survey of senior loan officers. Some respondents also saw an increase in demand for c

Published 16 Aug, 2011 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Aug, 2011 12:00am

US banks continue to ease lending standards: Fed

US banks continue to ease lending standards and most terms on all major non-real estate loans during the past three months, the Federal Reserve reported in its quarterly survey of senior loan officers. Some respondents also saw an increase in demand for c

Published 16 Aug, 2011 12:00am

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 16 Aug, 2011 12:00am

US banks continue to ease lending standards: Fed

US banks continue to ease lending standards and most terms on all major non-real estate loans during the past three months, the Federal Reserve reported in its quarterly survey of senior loan officers. Some respondents also saw an increase in demand for c

Published 16 Aug, 2011 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am

Taliban blame US economy, London riots on Afghan war

The Taliban blamed the state of the US economy and last week's London riots on the war in Afghanistan in a statement published on its website Monday. The insurgents claimed both situations were linked to the US and Britain spending hundreds of billions of

Published 16 Aug, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (August 15, 2011)

Published 16 Aug, 2011 12:00am

Taliban blame US economy, London riots on Afghan war

The Taliban blamed the state of the US economy and last week's London riots on the war in Afghanistan in a statement published on its website Monday. The insurgents claimed both situations were linked to the US and Britain spending hundreds of billions of

Published 16 Aug, 2011 12:00am

Dividend/Bonus Announcements

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

Published 16 Aug, 2011 12:00am

67 killed in Iraq's bloodiest day this year

Attacks in more than a dozen cities across Iraq killed 67 people on Monday, including 40 in twin blasts blamed on al Qaeda in the southern city of Kut, in the country's bloodiest day in more than a year. The surge of violence raises questions over the cap

Published 16 Aug, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (August 15, 2011)

Published 16 Aug, 2011 12:00am

67 killed in Iraq's bloodiest day this year

Attacks in more than a dozen cities across Iraq killed 67 people on Monday, including 40 in twin blasts blamed on al Qaeda in the southern city of Kut, in the country's bloodiest day in more than a year. The surge of violence raises questions over the cap

Published 16 Aug, 2011 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am

Obama's approval rating hits record low

US President Barack Obama's job approval rating has sunk below 40 percent for the first time, according to a new Gallup daily tracking poll The survey, made public late Sunday, shows that 39 percent of Americans approve of the president's job performance,

Published 16 Aug, 2011 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am

Obama's approval rating hits record low

US President Barack Obama's job approval rating has sunk below 40 percent for the first time, according to a new Gallup daily tracking poll The survey, made public late Sunday, shows that 39 percent of Americans approve of the president's job performance,

Published 16 Aug, 2011 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am

Obama''s approval rating hits record low

US President Barack Obama''s job approval rating has sunk below 40 percent for the first time, according to a new Gallup daily tracking poll The survey, made public late Sunday, shows that 39 percent of Americans approve of the president''s job performanc

Published 16 Aug, 2011 12:00am

THE RUPEE: dollar sharply up

The rupee was unmoved versus dollar on the interbank market, while it failed to retain its level in relation to the greenback on the open market, dealers said. The rupee maintained its weekend level in terms of the greenback for buying and selling at 86.6

Published 16 Aug, 2011 12:00am

LSE index loses 23.66

Bears dominated on Lahore Stock Exchange on Monday and the equities registered declines amid decreased trading turnover due to lacking investors' interest. The LSE-25 index lost 23.66 points and closed at 2810.14 points against 2833.80 points of last Frid

Published 16 Aug, 2011 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am

Four abandoned oil storage depots to be reopened

The government has decided to re-open four oil storage depots of Pakistan State Oil (PSO) in Punjab which were abandoned subsequent to a decision taken by the Economic Co-ordination Committee (ECC) of the Cabinet in July 2008, documents available with thi

Published 16 Aug, 2011 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am

Four abandoned oil storage depots to be reopened

The government has decided to re-open four oil storage depots of Pakistan State Oil (PSO) in Punjab which were abandoned subsequent to a decision taken by the Economic Co-ordination Committee (ECC) of the Cabinet in July 2008, documents available with thi

Published 16 Aug, 2011 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am

Four abandoned oil storage depots to be reopened

The government has decided to re-open four oil storage depots of Pakistan State Oil (PSO) in Punjab which were abandoned subsequent to a decision taken by the Economic Co-ordination Committee (ECC) of the Cabinet in July 2008, documents available with thi

Published 16 Aug, 2011 12:00am

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am

Polish family killed in 'shocking' Jersey attack

The normally peaceful Channel Island of Jersey was in shock on Monday after six people, including members of a Polish family, were stabbed to death, the island's top politician said. A man, two women and three children under the age of six were killed on

Published 16 Aug, 2011 12:00am

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am

LSE index loses 23.66

Bears dominated on Lahore Stock Exchange on Monday and the equities registered declines amid decreased trading turnover due to lacking investors' interest. The LSE-25 index lost 23.66 points and closed at 2810.14 points against 2833.80 points of last Frid

Published 16 Aug, 2011 12:00am

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am

61 percent fall in July foreign investment

Foreign investment in the country declined by 61 percent during the first month of fiscal year 2011-12 because of adverse law and order situation and uncertainty on the economic front. The State Bank of Pakistan on Monday reported that net inflows of fore

Published 16 Aug, 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 16 Aug, 2011 12:00am

Bears in control on ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 0.31 points from 2,418.50 to 2418.19 points. Turnover amounted to 3,600 shares as compared to

Published 16 Aug, 2011 12:00am

Clearing Schedule for T+2 System

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

Published 16 Aug, 2011 12:00am

Bears in control on ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 0.31 points from 2,418.50 to 2418.19 points. Turnover amounted to 3,600 shares as compared to

Published 16 Aug, 2011 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Aug, 2011 12:00am

Nine Nato tankers set ablaze

Nine Nato oil supply tankers and a goods truck were set ablaze in attacks on Monday, officials said. A bomb exploded as two Nato oil tankers were entering a terminal in Torkham, a Pakistani tribal town bordering Afghanistan, and the flames also set three

Published 16 Aug, 2011 12:00am

Provisionally listed companies

Provisional companies listed in Karachi Stock Exchange.

Published 16 Aug, 2011 12:00am

Nine Nato tankers set ablaze

Nine Nato oil supply tankers and a goods truck were set ablaze in attacks on Monday, officials said. A bomb exploded as two Nato oil tankers were entering a terminal in Torkham, a Pakistani tribal town bordering Afghanistan, and the flames also set three

Published 16 Aug, 2011 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 16 Aug, 2011 12:00am

Kashmiris observe Indian Independence Day as Black Day

Kashmiris on both sides of the Line of Control and the world over are observing the Indian Independence Day on Monday as Black Day to convey the message to New Delhi that it has no moral justification to celebrate its Independence Day as long as it contin

Published 16 Aug, 2011 12:00am

Flood-hit areas of Sindh: Prime Minister asks authorities to immediately respond

Prime Minister Syed Yusuf Raza Gilani on Monday directed all federal and provincial authorities to immediately respond to the flood-affected areas of Sindh and assured payment of compensation after the damage assessment.

Published 16 Aug, 2011 12:00am

Misbah urges new players to help build national side

Pakistan cricket captain Misbah-ul-Haq on Monday urged his team's new talent to take advantage of the tour of Zimbabwe to rebuild the crisis-hit national side. A new-look Pakistan play a two-day practice match in Bulawayo from August 28, then a Test at th

Published 16 Aug, 2011 12:00am

Real, Barcelona locked at 2-2 in Supercup

Real Madrid and Barcelona drew 2-2 in the first leg of the Spanish Supercup on Sunday in front of 80,000 fans in Madrid's Santiago Bernabeu as the two bitter rivals kicked off the new season. Mesut Ozil gave Real a 13th-minute lead before David Villa and

Published 16 Aug, 2011 12:00am

Fabregas 'comes home' to Barcelona

Spain midfield star Cesc Fabregas Monday completed his marathon move from Arsenal to Barcelona by signing a five-year contract that brought him "back home" to his boyhood club after eight years. "Cesc has finally joined FC Barcelona, after signing a contr

Published 16 Aug, 2011 12:00am

Somalia seek diaspora support to rebuild sport

War-torn Somalia is looking for personnel and player support from the diaspora to rebuild its shattered football infrastructure ahead of the 2014 World Cup qualifiers, a top official said on Monday. The Somali Football Federation (SFF) secretary Abdi Qani

Published 16 Aug, 2011 12:00am

Camp for AFC U-16 Football qualifiers starts

Training camp for preparations of Pakistan U-16 soccer team for the Asian Football Confederation (AFC) U-16 Football Championship 2012 qualifiers to be held in Kuwait from September 12-22, has been started here at Punjab Football Stadium on Monday. Pakist

Published 16 Aug, 2011 12:00am

Breakthrough year sees majors swept by first-timers

From Charl Schwartzel's four-birdie finish to win the Masters, Rory McIlroy and Darren Clarke's emotional triumphs and Keegan Bradley's PGA shocker, 2011 was a breakthrough year in golf majors. Bradley's victory at Atlanta Athletic Club over fellow Americ

Published 16 Aug, 2011 12:00am

Shoaib Malik, Kaneria appear before integrity committee

Former skipper Shoaib Malik and spinner Danish Kaneria on Monday appeared before the Pakistan Cricket Board (PCB)'s Integrity Committee for clearance. The PCB's Integrity Committee has not taken any decision on the clearance of both the players, a PCB spo

Published 16 Aug, 2011 12:00am

Onions replaces injured Tremlett

Graham Onions has been called into the England squad for the fourth Test against India at The Oval, after Chris Tremlett was ruled out on Monday and James Anderson emerged as a new injury concern. Although Anderson's leg injury has so far been described a

Published 16 Aug, 2011 12:00am

Sangakkara calls for improved Lanka

Sri Lankan batsman Kumar Sangakkara urged teammates to lift their game ahead of a must-win match on Tuesday in the one-day series against the visiting Australians. "Another batting failure and we are now left with lots to do to keep the series alive," for

Published 16 Aug, 2011 12:00am

Serena wins Toronto title

Serena Williams won the WTA Rogers Cup title Sunday, beating Samantha Stosur 6-4, 6-2 to hammer home her credentials as a US Open favourite when the last Grand Slam event of the season starts in two weeks' time. Williams hammered nine aces and won 89 perc

Published 16 Aug, 2011 12:00am

Del Potro wins, faces Federer

Juan Martin del Potro won his opening round match at the ATP Cincinnati Masters on Sunday, setting up a second-round rematch of his 2009 US Open final against Roger Federer. Del Potro, who is ranked 19th in the world, was 4-1 ahead against Andreas Seppi w

Published 16 Aug, 2011 12:00am

Swiss franc tumbles

The Swiss franc slipped to two-week lows against the euro on Monday after a Swiss newspaper reported the Swiss National Bank would soon set a lower limit for the euro-Swiss franc exchange rate in its bid to limit the franc's appreciation. At 0700 GMT, the

Published 16 Aug, 2011 12:00am

Sterling gains versus dollar

Sterling rose against the dollar on Monday after a batch of weak US economic data hurt the US currency, but concerns about the UK recovery and the chance of monetary easing are expected to keep the pound in check. The UK currency slipped against a broadly

Published 16 Aug, 2011 12:00am

Yuan slightly lower

The yuan ended slightly lower against the dollar on Monday after the People's Bank of China fixed a mid-point at a level that lagged market expectations, although it set the fixing at another record high for the fourth straight trading session.

Published 16 Aug, 2011 12:00am

Australian and New Zealand dollars extend gains

The Australian and New Zealand dollars swung higher on Monday, as investors returned to risk assets and dumped the safe-haven Swiss franc, though concerns over the weak global economic outlook may keep gains in check. The Aussie climbed 0.9 percent or thr

Published 16 Aug, 2011 12:00am

Singapore dollar, ringgit rise

The Malaysian ringgit and the Singapore dollar rose on Monday as investors added positions in battered emerging Asian currencies, raising hopes for more gains in the regional units, but players stayed cautious over European debt problems before a summit b

Published 16 Aug, 2011 12:00am

Swiss franc slides versus dollar, euro in London

The Swiss franc slumped to two-week lows against the euro and the dollar on Monday on speculation the Swiss National Bank would act further to counter strength in the currency by setting an exchange rate target. Speculation of a target level against the e

Published 16 Aug, 2011 12:00am

Midday trade in New York: Swiss franc tumbles

The Swiss franc dropped to two-week lows against the euro and dollar on Monday on speculation the Swiss National Bank could further act to curb strength in the currency by setting an exchange-rate target as early as this week. In midday New York trading,

Published 16 Aug, 2011 12:00am

Swiss franc plunges in Asia

The Swiss franc plunged more than 2 percent to two-week lows against the euro and the dollar in Asia on Monday on caution the Swiss National Bank would act further to weaken the franc and as markets found a steadier footing. Speculation the SNB will peg t

Published 16 Aug, 2011 12:00am

Eurozone rate futures fall

Eurozone interest rate futures fell on Monday as a ban on short-selling some financial shares is seen as intensifying interbank lending tensions, already on the rise following a recent escalation of the bloc's crisis. National regulators imposed a tempora

Published 16 Aug, 2011 12:00am

UK's top share index soars

A rally by commodity issues on a brighter demand picture pulled Britain's top share index higher on Monday, though weakness in banks dented some sentiment as investors looked cautiously ahead towards a key meeting on Tuesday on the eurozone debt crisis. F

Published 16 Aug, 2011 12:00am

European shares up

European shares ended slightly higher on Monday, losing steam after last week's late rally, though Nokia jumped on bid hopes after Google offered to buy peer Motorola Mobility. Nokia rose 9.1 percent in volume twice its 90-day daily average after Google's

Published 16 Aug, 2011 12:00am

South East Asian stocks move higher

Southeast Asian stock markets rose on Monday as investors bought shares that were sold heavily at times last week due to global recession fears, but trading was choppy ahead of a Franco-German summit on the European debt crisis. Singapore and Malaysia wer

Published 16 Aug, 2011 12:00am

Hong Kong and China shares gain

Shares in Hong Kong and Shanghai rose on Monday as investors picked up Chinese cyclical stocks which were hammered down in the global market rout last week, but low turnover suggested caution remained high. The Hang Seng Index advanced 3.3 percent to 20,2

Published 16 Aug, 2011 12:00am

Australian shares higher

Australian stocks gained momentum in afternoon trade to close 2.6 percent higher on Monday as investors hunted for bargains after panic over debt crises and a potential recession subsided offshore. Traders said investors remained cautious following a rout

Published 16 Aug, 2011 12:00am

Taiwan stocks rally

Taiwan stocks rallied 2.39 percent to a nearly two-week closing high on Monday amid signs global markets were stabilising, while sentiment improved after the government intervened to support the market and companies bought back their shares last week. Ana

Published 16 Aug, 2011 12:00am

Indian markets closed

The financial and stock markets of India were closed on Monday due to Independence Day. The markets will resume trading on Tuesday.

Published 16 Aug, 2011 12:00am

Monday's late morning trade: Wall Street gains

US stocks gained for a third day on Monday after last week's wild swings on US deal news and speculation European leaders may get control of the eurozone's debt problems. The market's somewhat firmer footing follows weeks of volatility and a selloff that

Published 16 Aug, 2011 12:00am

Nikkei posts biggest gain in two months

Tokyo stocks on Monday posted their biggest daily gain in nearly two months, rallying after global markets recovered from one of the most volatile weeks since the financial crisis, and boosted by better-than-expected Japanese GDP data. Value-hunters chase

Published 16 Aug, 2011 12:00am

Sri Lankan shares flat

Sri Lanka's bourse ended flat on Monday in thin trade as investors a ruling from the Securities and Exchange Commission on margin trading amid continued foreign outflows. Sri Lanka's main share index closed 0.05 percent or 3.47 points firmer at 6,836.53,

Published 16 Aug, 2011 12:00am

In 'political death zone', Australian Prime Minister faces season of protest

Embattled Australian Prime Minister Julia Gillard begins a make or break parliamentary season this week, trying to finally deliver her key carbon and mining tax policies against a barrage of opposition from voters, business and opposition parties.

Published 16 Aug, 2011 12:00am

H&M sales slide as European consumers feel the pinch

H&M posted a 6 percent fall in like-for-like sales in July as the world's second-largest clothes retailer suffered from weak consumer sentiment in Europe where it makes most of its sales. The July figure was the biggest monthly sales drop for the Swedish

Published 16 Aug, 2011 12:00am

H&M sales slide as European consumers feel the pinch

H&M posted a 6 percent fall in like-for-like sales in July as the world's second-largest clothes retailer suffered from weak consumer sentiment in Europe where it makes most of its sales. The July figure was the biggest monthly sales drop for the Swedish

Published 16 Aug, 2011 12:00am

Westfield courts banks for east London offices

Australian developer Westfield is trying to persuade big banks to occupy its yet-to-be built offices at a mega development near the 2012 Olympic Park in east London, stoking competition for financial-sector tenants in the UK capital. John Burton, director

Published 16 Aug, 2011 12:00am

India activist vows anti-graft fast despite police ban

A veteran Indian social activist vowed to fast to the death in New Delhi on Tuesday to force tougher laws against corruption, defying a police ban to challenge an embattled prime minister who is grappling with scandals and a slowing economy.

Published 16 Aug, 2011 12:00am

Hedge fund manager pleads guilty to insider trades

Former FrontPoint Partners hedge fund manager Dr Joseph "Chip" Skowron pleaded guilty on Monday for his role in an insider trading scheme. Skowron, 42, told a Manhattan federal court judge that in 2008 he traded stock in Human Genome Sciences Inc on non-p

Published 16 Aug, 2011 12:00am

Hedge fund manager pleads guilty to insider trades

Former FrontPoint Partners hedge fund manager Dr Joseph "Chip" Skowron pleaded guilty on Monday for his role in an insider trading scheme. Skowron, 42, told a Manhattan federal court judge that in 2008 he traded stock in Human Genome Sciences Inc on non-p

Published 16 Aug, 2011 12:00am

Transocean bids $1.43 billion for Aker Drilling

World No 1 oil drilling contractor Transocean is paying double the market price for Aker Drilling to refresh its ageing fleet of Norwegian drilling rigs and boost flagging orders. Transocean, the owner and operator of the Deepwater Horizon rig at the cent

Published 16 Aug, 2011 12:00am

World faces crisis of confidence, says George Osborne

The world is facing a crisis of confidence, the finance ministers of Britain and four other countries warned Monday, calling for a global response to reassure jittery markets and support a sustainable recovery. "The world faces a crisis of confidence," Br

Published 16 Aug, 2011 12:00am

US economy faces 30 percent chance of second dip

The chances of the US economy slipping into another recession have risen significantly and now stand at 30 percent, USA Today reported late Sunday. Citing its quarterly survey of 39 top economists, the newspaper said the chance of another downturn was now

Published 16 Aug, 2011 12:00am

UK economy to shed jobs in third quarter

Britain's economy looks set to shed jobs in the third quarter as companies' hiring is unlikely to counterbalance public sector cuts, with firms more cautious about taking on new staff in the face of growing global economic headwinds, a survey showed on Mo

Published 16 Aug, 2011 12:00am

Misuse of Kuwait budget surplus caused imbalances: Emir

Misuse of Kuwait's state budget surplus, including unproductive spending, has led to structural imbalances in the Gulf Arab economy, its ruler Emir Sheikh Sabah al-Ahmad al-Sabah was quoted as saying by state news agency KUNA on Monday. "The misuse of the

Published 16 Aug, 2011 12:00am

Iran's inflation rises

Iranian inflation has risen every month for the past year, according to data released on Monday, but the official 16.3 percent pace still appears to underplay the impact of the government cutting $60 billion of subsidies for food and fuel. The semi-offici

Published 16 Aug, 2011 12:00am

Eurozone bond debate raises pressure on Merkel

One of Germany's leading economic associations came out in favour of joint eurozone bond issuance on Monday, raising pressure on Chancellor Angela Merkel to consider bolder crisis steps ahead of a meeting with the French president. Until now, the idea of

Published 16 Aug, 2011 12:00am

Eurozone bond debate raises pressure on Merkel

One of Germany's leading economic associations came out in favour of joint eurozone bond issuance on Monday, raising pressure on Chancellor Angela Merkel to consider bolder crisis steps ahead of a meeting with the French president. Until now, the idea of

Published 16 Aug, 2011 12:00am

ECB buys record 22 billion euros of bonds

The European Central Bank (ECB) said Monday it bought a record 22 billion euros ($32 billion) of government bonds last week, trying to ease a eurozone debt crisis threatening Italy and Spain. The ECB announced earlier this month that it would resume its b

Published 16 Aug, 2011 12:00am

ECB buys record 22 billion euros of bonds

The European Central Bank (ECB) said Monday it bought a record 22 billion euros ($32 billion) of government bonds last week, trying to ease a eurozone debt crisis threatening Italy and Spain. The ECB announced earlier this month that it would resume its b

Published 16 Aug, 2011 12:00am

BofA to exit Canada, Europe credit card business

Bank of America Corp plans to sell its credit card business in Canada to TD Bank Group and will exit the rest of its international card business, the bank said on Monday. TD Bank's agreement with Bank of America, the largest US bank by assets, covers an $

Published 16 Aug, 2011 12:00am

Tax me and my mega-rich friends: Buffett

Billionaire investor Warren Buffett urged US lawmakers Monday to raise taxes on wealthier Americans to cut Washington's huge budget deficit, saying the move would not dampen investments or jobs. In a New York Times opinion article, the chief executive of

Published 16 Aug, 2011 12:00am

Foreigners sell Treasuries, other US assets

Foreigners unloaded US assets in June for a second straight month and were net sellers of Treasuries for the first time in more than two years as concern about a US credit downgrade soured overseas demand. US government notes and bonds suffered a net outf

Published 16 Aug, 2011 12:00am

Foreigners sell Treasuries, other US assets

Foreigners unloaded US assets in June for a second straight month and were net sellers of Treasuries for the first time in more than two years as concern about a US credit downgrade soured overseas demand. US government notes and bonds suffered a net outf

Published 16 Aug, 2011 12:00am

New York factory index contracts for third month

The New York state manufacturing sector contracted for the third straight month in August, tempering hopes that the first-half slowdown in the US economy might be turning around. Manufacturing led the US recovery in the past couple of years, even though i

Published 16 Aug, 2011 12:00am

Japan on cusp of recovery after second quarter

Japan's economy shrank much less than expected in the second quarter as companies made strides in restoring output after the devastating earthquake in March, but a soaring yen and slowing global growth cloud the prospects for a sustained recovery.

Published 16 Aug, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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