AIRLINK 191.84 Decreased By ▼ -1.66 (-0.86%)
BOP 9.87 Increased By ▲ 0.23 (2.39%)
CNERGY 7.67 Increased By ▲ 0.14 (1.86%)
FCCL 37.86 Increased By ▲ 0.16 (0.42%)
FFL 15.76 Increased By ▲ 0.16 (1.03%)
FLYNG 25.31 Decreased By ▼ -0.28 (-1.09%)
HUBC 130.17 Increased By ▲ 3.10 (2.44%)
HUMNL 13.59 Increased By ▲ 0.09 (0.67%)
KEL 4.67 Increased By ▲ 0.09 (1.97%)
KOSM 6.21 Increased By ▲ 0.11 (1.8%)
MLCF 44.29 Increased By ▲ 0.33 (0.75%)
OGDC 206.87 Increased By ▲ 3.63 (1.79%)
PACE 6.56 Increased By ▲ 0.16 (2.5%)
PAEL 40.55 Decreased By ▼ -0.43 (-1.05%)
PIAHCLA 17.59 Increased By ▲ 0.10 (0.57%)
PIBTL 8.07 Increased By ▲ 0.41 (5.35%)
POWER 9.24 Increased By ▲ 0.16 (1.76%)
PPL 178.56 Increased By ▲ 4.31 (2.47%)
PRL 39.08 Increased By ▲ 1.01 (2.65%)
PTC 24.14 Increased By ▲ 0.07 (0.29%)
SEARL 107.85 Increased By ▲ 0.61 (0.57%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 39.11 Increased By ▲ 2.71 (7.45%)
SYM 19.12 Increased By ▲ 0.08 (0.42%)
TELE 8.60 Increased By ▲ 0.36 (4.37%)
TPLP 12.37 Increased By ▲ 0.59 (5.01%)
TRG 66.01 Increased By ▲ 1.13 (1.74%)
WAVESAPP 12.78 Increased By ▲ 1.15 (9.89%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.95 Increased By ▲ 0.10 (2.6%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)
Jan 30, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-03-03
US Midwest corn, soya bids steady

US Midwest corn, soya bids steady

Corn and soyabean spot basis bids held mostly steady around the US Midwest on Thursday as sales of each commodity were slow amid little-changed futures at the Chicago Board of Trade. Soyabean futures posted a modest gain on Thursday but failed to surpass
Published 03 Mar, 2012 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded May copper contract on the Shanghai Futures Exchange rose 1.7 percent to 61,330 yuan ($9,700) a tonne at the close on Friday, tracking the LME's gains in the previous session. Copper steadied on Friday and is headed for its smallest weekly
Published 03 Mar, 2012 12:00am
New York cotton remains down

New York cotton remains down

Cotton futures ended lower on Friday for the third session in a row in the face of a stronger dollar and investor selling, and analysts said the weak tone should persist into next week. Benchmark May cotton on ICE Futures US fell 1.44 cents or over 1.5 pe
Published 03 Mar, 2012 12:00am
FBI chief seeks allies to fight cyber crime

FBI chief seeks allies to fight cyber crime

FBI director Robert Mueller warned a gathering of Internet security specialists on Thursday that the threat of cyber attacks rivals terrorism as a national security concern. The only way to combat cyber assaults is for police, intelligence agencies and pr
Published 03 Mar, 2012 12:00am
Cameron changes tack in Murdoch horse row

Cameron changes tack in Murdoch horse row

British Prime Minister David Cameron said on Friday he did ride a horse given by police to a Rupert Murdoch newspaper editor, seeking to end days of embarrassing confusion over an animal that has become an unlikely symbol of the phone hacking scandal.
Published 03 Mar, 2012 12:00am
Pentagon suffers Internet access outage

Pentagon suffers Internet access outage

An unspecified number of US Defence Department personnel in the Washington D.C. area and in the Midwest were cut off from the public Internet for nearly three hours on Thursday because of technical problems, a department spokeswoman said Friday. The outag
Published 03 Mar, 2012 12:00am
Laptop theft did not put space station in peril: NASA

Laptop theft did not put space station in peril: NASA

A stolen US space agency laptop containing codes that control the International Space Station did not put the orbiting lab in peril, a NASA spokesman said on Friday. The unencrypted notebook computer went missing in March 2011 and "resulted in the loss of
Published 03 Mar, 2012 12:00am
China denies dam drying up river in India

China denies dam drying up river in India

China denied Friday that a dam it was building on a major river in Tibet was impacting the lower reaches of the waterway in India, despite complaints that water-levels there were plunging. The Brahmaputra has its source in China's south-western Tibet regi
Published 03 Mar, 2012 12:00am
Italy says India must show respect in killings row

Italy says India must show respect in killings row

India must show respect for Italy, Defence Minister Giampaolo Di Paola said on Friday, in an escalating row over two Italian soldiers facing murder charges for killing two Indian fishermen. "We have a lot of respect for India and for the Indian people but
Published 03 Mar, 2012 12:00am
Libya former rebels guilty of war crimes, reprisals: UN

Libya former rebels guilty of war crimes, reprisals: UN

Libyan forces who battled Muammar Qadhafi's troops in 2011 committed war crimes and are still targeting alleged backers of the dead dictator and minority groups, a draft United Nations report published on Friday said. In its second report, the Internation
Published 03 Mar, 2012 12:00am
AU troops say seize Somalia al Shabaab base

AU troops say seize Somalia al Shabaab base

African Union and Somali government troops seized control of an al Shabaab insurgent base in the north of the capital on Friday, a move the AU troops said would reduce the rebels' capacity to launch attacks in the city. The capture of the Maslah training
Published 03 Mar, 2012 12:00am
Snow carpets Holy Land for first time in four years

Snow carpets Holy Land for first time in four years

Stormy weather that carpeted Jerusalem and much of northern Israel and the Palestinian territories with snow, the first in four years, left two fatalities in its wake on Friday. A light dusting of snow covered the Al-Aqsa mosque compound, the Western Wall
Published 03 Mar, 2012 12:00am
Expert hunts Hitler collection in Czech Republic

Expert hunts Hitler collection in Czech Republic

Up to 26 paintings from an art collection once owned by Nazi German dictator Adolf Hitler may still be on Czech soil, an expert said Friday after having announced his discovery of seven canvases. "The remaining paintings could still be here," Jiri Kuchar,
Published 03 Mar, 2012 12:00am
US security team attacked in Aden; no injuries: Pentagon

US security team attacked in Aden; no injuries: Pentagon

A Yemeni Islamist group linked to al Qaeda said on Friday it had attacked and killed a CIA officer in the southern province of Aden, but a Yemeni security official and the Pentagon said a US security team had been attacked but suffered no injuries.
Published 03 Mar, 2012 12:00am
Yunus rules out World Bank role

Yunus rules out World Bank role

Bangladesh's Muhammad Yunus, who won a Nobel Prize for his work in microfinance, said Friday he had no interest in becoming the new head of the World Bank despite being proposed for the position. The country's Prime Minister Sheikh Hasina put forward Yunu
Published 03 Mar, 2012 12:00am
Pasta-inspired radio waves could unclog the wireless world

Pasta-inspired radio waves could unclog the wireless world

Radio waves that move like pasta spirals could help unclog the wireless world by boosting the power of radio communications, Italian and Swedish researchers said Friday. The new way to make radio signals more potent without boosting bandwidth is described
Published 03 Mar, 2012 12:00am
Flights halted as Cyprus air traffic controllers strike

Flights halted as Cyprus air traffic controllers strike

Air traffic controllers on the Mediterranean resort island of Cyprus were staging a strike on Friday afternoon to protest against government austerity measures, said airports operator Hermes. A total of 32 flights at the two international airports of Larn
Published 03 Mar, 2012 12:00am
Red Cross tells Syria let Homs aid through

Red Cross tells Syria let Homs aid through

The Red Cross told Syria on Friday it was unacceptable that its aid convoy had been prevented from entering a battle-scarred district of Homs where the opposition said President Bashar al-Assad's army had committed a massacre. Baba Amro became a symbol of
Published 03 Mar, 2012 12:00am
UN deputy chief named

UN deputy chief named

UN leader Ban Ki-moon on Friday named former Swedish foreign minister Jan Eliasson as his new deputy in charge of the global body. Eliasson, 71, will take over as deputy secretary general from Asha-Rose Migiro of Tanzania after the UN summit on sustainabl
Published 03 Mar, 2012 12:00am
Serbia makes 'historic' leap into EU

Serbia makes 'historic' leap into EU

Serbia took a "milestone" leap towards EU membership when Europe's leaders granted Belgrade candidate status Thursday, opening a new chapter in the troubled history of the Western Balkans. "European Council grants Serbia EU candidate status," EU president
Published 03 Mar, 2012 12:00am
Women in world parliaments 'worryingly low'

Women in world parliaments 'worryingly low'

The number of women represented in parliaments around the world is "worryingly low" after the global average inched forward only half a percentage point in 2011 to 19.5 percent, said a report released on Friday by a global organisation of parliaments.
Published 03 Mar, 2012 12:00am
North Korea warns to launch 'sacred war' against South

North Korea warns to launch 'sacred war' against South

North Korea Friday renewed threats to launch a "sacred war" against South Korea, indicating cross-border ties will remain icy despite Pyongyang's surprise nuclear deal with Seoul's close ally Washington. The North's agreement to freeze some nuclear and mi
Published 03 Mar, 2012 12:00am
China accuses Dalai Lama of plotting Tibet 'turmoil'

China accuses Dalai Lama of plotting Tibet 'turmoil'

China's top political advisor has accused followers of the Dalai Lama of plotting to create "turmoil" in the country's Tibetan-inhabited areas as the anniversary of deadly 2008 riots approaches. Jia Qinglin, who is ranked number four in the Communist Part
Published 03 Mar, 2012 12:00am
Top Turkish generals face coup plot questions in court

Top Turkish generals face coup plot questions in court

Two former heads of Turkey's armed forces were called as witnesses on Friday in the trial over an alleged conspiracy to overthrow the government in 2003, starkly demonstrating the battered image of a once all-powerful top brass. While the generals' influe
Published 03 Mar, 2012 12:00am
Mexico troops kill 13 in battle with gunmen

Mexico troops kill 13 in battle with gunmen

Mexican troops have killed 13 gunmen in a shootout in the border town of Nuevo Laredo and seized weapons and drugs, officials said. The defense secretariat said in a statement late Thursday that 13 "assailants" had fallen while three soldiers were wounded
Published 03 Mar, 2012 12:00am
Sri Lanka win thriller to reach finals

Sri Lanka win thriller to reach finals

Sri Lanka held their nerve to end India's late bid for a tri one-day series finals spot with a gripping nine-run win over hosts Australia at the Melbourne Cricket Ground on Friday. The Sri Lankans dismissed David Hussey with five balls to spare, clinching
Published 03 Mar, 2012 12:00am
Tour de France time-trial distances increased

Tour de France time-trial distances increased

Time trials in this year's Tour de France in July will be five kilometres (3.1 miles) longer than previously announced, race organisers said on Friday. "This small change, which will take individual time-trials over 100 kilometres, is down to technical mo
Published 03 Mar, 2012 12:00am
Top seed Radwanska withdraws

Top seed Radwanska withdraws

Top seed Agnieszka Radwanska pulled out of the BMW Malaysian Open on Friday due to injury after a string of rain delays caused a schedule pile-up that forced her to face two opponents the day before. "I'm so sorry I can't continue. Had a great time in Mal
Published 03 Mar, 2012 12:00am
Murray downs Djokovic in Dubai

Murray downs Djokovic in Dubai

Andy Murray, the triple Grand Slam finalist from Scotland, achieved a measure of revenge over Novak Djokovic, the triple Grand Slam titleholder from Serbia, when he ended Djokovic's three-year winning sequence in the Dubai Open on Friday. Murray, who was
Published 03 Mar, 2012 12:00am
Arsenal, Liverpool prepare for pivotal showdown

Arsenal, Liverpool prepare for pivotal showdown

Arsenal will attempt to build on the euphoria generated by their demolition of Tottenham when they travel to Liverpool on Saturday in what is a pivotal Premier League match for both clubs. The Gunners gave their rapidly disintegrating season the kiss of l
Published 03 Mar, 2012 12:00am
Indian team granted visas for Snooker Championship

Indian team granted visas for Snooker Championship

Pakistan Billiards and Snooker Association (PBSA) confirmed on Friday that the Indian team has been granted visas and they may be flying in here on Saturday for taking part in Jubilee Insurance 7-nation International Snooker Championship being staged at a
Published 03 Mar, 2012 12:00am
Billionaire loses court bid to keep Gold Coast

Billionaire loses court bid to keep Gold Coast

Billionaire miner Clive Palmer failed in his bid to maintain control of Australian A-League club Gold Coast United after his Supreme Court injunction application was refused late Friday. Football Federation Australia (FFA), who this week terminated Palmer
Published 03 Mar, 2012 12:00am
Rebensburg lands giant slalom

Rebensburg lands giant slalom

Germany's Viktoria Rebensburg won Friday's giant slalom on home snow at Ofterschwang for her fifth World Cup victory and second of the season as she moved to the head of the discipline's season standings. Rebensburg timed 2 min 33.30sec to see off Sloveni
Published 03 Mar, 2012 12:00am
Dav Whatmore arrives, set to take coaching job

Dav Whatmore arrives, set to take coaching job

Former Australian batsman Dav Whatmore, who guided Sri Lanka to World Cup glory, arrived in Pakistan to sign a contract as the new coach of the national team, an official said Friday. The 57-year-old Whatmore, who played seven Tests and one limited overs
Published 03 Mar, 2012 12:00am
New Zealand drop troubled Ryder for Test

New Zealand drop troubled Ryder for Test

Troubled New Zealand cricket star Jesse Ryder was dropped Friday from the squad for the first Test against South Africa but selectors said the move was due to form, and not his latest drinking bout. The 13-man squad includes Rob Nicol and Andrew Ellis, ye
Published 03 Mar, 2012 12:00am
Skirts for female fighters not compulsory: AIBA

Skirts for female fighters not compulsory: AIBA

Women boxers will not be forced to wear skirts when the sport makes its Olympic debut in London later this year, the sport's governing body for amateurs has announced. The International Boxing Association (AIBA) had faced criticism from female fighters ov
Published 03 Mar, 2012 12:00am
Yuan slightly up

Yuan slightly up

The yuan closed up slightly against the dollar on Friday as the People's Bank of China set a higher midpoint, but the fixing was near the 6.30 level, underscoring the central bank's preference to keep the Chinese currency in a narrow range. Dealers said s
Published 03 Mar, 2012 12:00am
Swiss franc down versus dollar

Swiss franc down versus dollar

The Swiss franc shadowed the euro lower against the dollar on Friday after US data showed that the United States economy was showing signs of slowing, curbing risk appetite and adding to demand for the safe haven greenback. The franc has moved in lockstep
Published 03 Mar, 2012 12:00am
Won lifts Asia forex on carry trades

Won lifts Asia forex on carry trades

The South Korean won led the week's gains among emerging Asian currencies as investors sought out higher-yielding units against the yen and the euro, encouraged by ample liquidity, although worries of possible central bank intervention limited the gains.
Published 03 Mar, 2012 12:00am
Indian rupee hits three-week low

Indian rupee hits three-week low

The Indian rupee hit a three-week low on Friday on persistent demand for dollars by oil importers, while a subdued response to the government's sale of shares in Oil and Natural Gas Corp was taken an indication that foreign inflows may weaken. The rupee c
Published 03 Mar, 2012 12:00am
Australian dollar climbs versus yen

Australian dollar climbs versus yen

The Australian dollar muscled in on the yen on Friday to scale a fresh 10-month peak and was firm on its US counterpart as strong equities and commodities underpinned sentiment. The Aussie powered up to 87.97 yen, its highest since May, having gained near
Published 03 Mar, 2012 12:00am
Euro hits one-week low

Euro hits one-week low

The euro fell to its lowest level in a week against the dollar on Thursday as US data showed the economy lost steam earlier this year but remained in better shape than the eurozone. A recent string of robust US data and comments by Federal Reserve Chairma
Published 03 Mar, 2012 12:00am
Early trade in New York: euro slips versus dollar

Early trade in New York: euro slips versus dollar

The euro fell on Friday, keeping it on track for its worst week since early January after Spain set a softer 2012 deficit target than one agreed upon with the euro zone in a challenge to the European Union's new fiscal pact. Prime Minister Mariano Rajoy s
Published 03 Mar, 2012 12:00am
Dollar climbs versus yen in London

Dollar climbs versus yen in London

The dollar climbed to a nine-month high versus the yen on Friday after data showed persistent negative price pressures in Japan that were likely to keep the Bank of Japan's focus on monetary easing and undermine the yen. The dollar also gained against the
Published 03 Mar, 2012 12:00am
Yen slips broadly in Asia

Yen slips broadly in Asia

The yen slipped broadly on Friday and neared a recent nine-month low versus the dollar, retreating due to yen-selling by Japanese importers and as traders took aim at stop-loss levels. The dollar rose 0.4 percent against the yen to 81.44 yen, nearing a ni
Published 03 Mar, 2012 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling rose to a two-week high against the euro on Friday as investors trimmed bets on further quantitative easing in the UK, although it ran into some profit-taking against the US dollar, which will keep it from testing recent peaks.
Published 03 Mar, 2012 12:00am
Developing countries have agriculture opportunity: OECD

Developing countries have agriculture opportunity: OECD

Agricultural policy in developing countries should focus on raising productivity so that farmers can seize an opportunity of high food prices, the OECD said in a study on Friday. The OECD also urged governments of these countries to accept a shrinking far
Published 03 Mar, 2012 12:00am
Singapore Airlines raises fuel surcharge

Singapore Airlines raises fuel surcharge

Singapore Airlines (SIA) said Friday it would raise fuel surcharges by up to $28 for each leg of a flight due to high oil prices, a persistent problem that has ravaged airline earnings world-wide. It blamed "continued high fuel prices" for the hike, which
Published 03 Mar, 2012 12:00am
Iranian ship to unload crude at Shell Singapore

Iranian ship to unload crude at Shell Singapore

An Iranian tanker is moored at Royal Dutch Shell's Singapore refinery to discharge crude oil, according to Reuters data and sources, highlighting the different approaches European oil companies are taking to Iranian oil ahead of an EU ban. The 270,000-ton
Published 03 Mar, 2012 12:00am
Spain's jobless rates hit record high

Spain's jobless rates hit record high

Spain's jobless numbers shot to a new record high in February, government figures showed Friday, as people struggled in vain to find work in the recession-bound economy. The number of job seekers surged 2.44 percent from the previous month to 4.71 million
Published 03 Mar, 2012 12:00am
Barclays taps ECB for 8.2 billion euros of cheap cash

Barclays taps ECB for 8.2 billion euros of cheap cash

Barclays Plc tapped the European Central Bank (ECB) for 8.2 billion euros ($10.8 billion) of cheap funding this week, marking a U-turn for the bank as it had previously been worried about the risk of political interference if it took funds. Other British
Published 03 Mar, 2012 12:00am
Brazil says rich nations causing 'monetary tsunami'

Brazil says rich nations causing 'monetary tsunami'

President Dilma Rousseff on Thursday accused the world's rich countries of unleashing a "tsunami" of cheap money that hurts developing countries like Brazil. Rousseff complained that rich nations are responding to the global financial crisis with easy cre
Published 03 Mar, 2012 12:00am
Northern Rock 'bad bank' repays loan

Northern Rock 'bad bank' repays loan

The 'bad' part of Britain's bailed-out bank Northern Rock said on Friday it repaid £2.0 billion (2.4 billion euros, $3.2 billion) of government loans last year. However it still owes the British state £19.7 billion, said UK Asset Resolution (UKAR), the go
Published 03 Mar, 2012 12:00am
S&P downgrades Nokia

S&P downgrades Nokia

Standard and Poor's downgraded mobile phone giant Nokia's rating by a notch, blaming especially the Finnish company's difficulties in defending its smartphone market share. S&P cut Nokia's long-term corporate credit rating to BBB- from BBB, with a negativ
Published 03 Mar, 2012 12:00am
China lets all firms settle trade in yuan

China lets all firms settle trade in yuan

China boosted efforts to internationalise the yuan on Friday by widening its trade settlement rules to allow all firms in the country to invoice or pay for cross-border transactions in the Chinese currency. The central bank's announcement that the new rul
Published 03 Mar, 2012 12:00am
Kenya launches huge port project

Kenya launches huge port project

Kenya launched the construction of a massive port, railway and refinery Friday near a UNESCO-listed Indian Ocean island in a project it bills as the biggest ever in an African nation. Kenyan President Mwai Kibaki, Ethiopian Prime Minister Meles Zenawi and
Published 03 Mar, 2012 12:00am
US housing market, fiscal policy pose risks: IMF

US housing market, fiscal policy pose risks: IMF

The US economic recovery could be dented by a renewed drop in housing prices in the short term and the country lacks a "credible, comprehensive" fiscal plan, posing a major medium-term economic risk, a top IMF official said. International Monetary Fund De
Published 03 Mar, 2012 12:00am
US housing market, fiscal policy pose risks: IMF

US housing market, fiscal policy pose risks: IMF

The US economic recovery could be dented by a renewed drop in housing prices in the short term and the country lacks a "credible, comprehensive" fiscal plan, posing a major medium-term economic risk, a top IMF official said. International Monetary Fund De
Published 03 Mar, 2012 12:00am
US growth gauge improved

US growth gauge improved

A measure of future US economic growth edged up to its highest level in six months last week, while the annualised growth rate also saw improvement, a research group said on Friday. The Economic Cycle Research Institute, a New York-based independent forec
Published 03 Mar, 2012 12:00am
India government challenges scrapping of telecom licences

India government challenges scrapping of telecom licences

India's government challenged Friday a court ruling scrapping 122 telecom licences awarded in a 2008 sale at the centre of a massive corruption scandal. The government challenged the Supreme Court's decision in early February to cancel the second-generati
Published 03 Mar, 2012 12:00am
JP Morgan trumped Goldman, Morgan Stanley in commodities

JP Morgan trumped Goldman, Morgan Stanley in commodities

Blythe Masters, J.P. Morgan's global head of commodities, has steered the bank's expanded franchise to record revenues exceeding $2.8 billion in 2011, more than long-time industry leaders Goldman Sachs and Morgan Stanley, the three banks' data showed this
Published 03 Mar, 2012 12:00am
Canada's fourth quarter growth modest

Canada's fourth quarter growth modest

Canada's economic growth slowed markedly in the fourth quarter of 2011, albeit with some underlying strength that could carry it into 2012, leaving the Bank of Canada with continued room to hold interest rates at historic lows. Statistics Canada said on F
Published 03 Mar, 2012 12:00am
Ousted Woodford launches Olympus lawsuit

Ousted Woodford launches Olympus lawsuit

Michael Woodford, the ousted Olympus chief executive who blew the whistle on one of Japan's most high-profile frauds, vowed he would hold his former employer to account as he kicked off his legal battle for wrongful dismissal in London on Thursday.
Published 03 Mar, 2012 12:00am
Japan's capex jumps

Japan's capex jumps

Japanese companies unexpectedly raised expenditure in October-December from a year earlier, an encouraging sign for demand as the country rebuilds from last year's devastating earthquake and could mean that fourth-quarter GDP is revised to a positive figu
Published 03 Mar, 2012 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures pulled back on Thursday on profit-taking and spillover weakness from US grains, after notching its biggest monthly gain since mid-2010 in February. Stronger Canadian dollar and weaker crushing margins kept buying interest light
Published 03 Mar, 2012 12:00am
Miners weigh down FTSE in low volumes

Miners weigh down FTSE in low volumes

Miners dragged down Britain's blue-chip index on Friday in a wave of profit-taking which could push the market down to levels that will lure in the large numbers of investors who have sat out the early 2012 rally.
Published 03 Mar, 2012 12:00am
Indian shares rise

Indian shares rise

Indian shares eked out a modest gain on Friday as investors turned cautious ahead of state election results, while a muted response to the government's sale of shares in Oil & Natural Gas Corp raised concerns about its divestment plans.
Published 03 Mar, 2012 12:00am
European share markets limp into weekend, banks up

European share markets limp into weekend, banks up

European share markets ended flat on Friday, limping into the weekend in thin trading volumes, although the effects of this week's injection of cheap money from the European Central Bank buoyed banking stocks and are expected to continue to underpin the m
Published 03 Mar, 2012 12:00am
Hong Kong, China shares rise

Hong Kong, China shares rise

Hong Kong and China shares rose on Friday, bolstered by Chinese banks and developers after Beijing's banking regulator said the country's "Big Four" state-backed banks will lend more to qualified developers to boost the supply of non-luxury housing.
Published 03 Mar, 2012 12:00am
Treasuries stay lower

Treasuries stay lower

US Treasury debt prices fell on Thursday as a pushback in expectations on when the Federal Reserve might launch another round of monetary easing continued to weigh on the market and riskier assets drew money away from safe-haven debt.
Published 03 Mar, 2012 12:00am
Treasuries stay lower

Treasuries stay lower

US Treasury debt prices fell on Thursday as a pushback in expectations on when the Federal Reserve might launch another round of monetary easing continued to weigh on the market and riskier assets drew money away from safe-haven debt.
Published 03 Mar, 2012 12:00am
Taiwan stocks slightly up

Taiwan stocks slightly up

Taiwan stocks closed 0.32 percent higher on Friday, off the day's high, with electronics-related sectors broadly higher at the expense of defensives such as transport, and cement. The main TAIEX index rose 25.70 points to 8,144.04. It had risen to as high
Published 03 Mar, 2012 12:00am
Wall Street returns to 2008 highs on banks

Wall Street returns to 2008 highs on banks

US stocks rose on Thursday, moving back to 2008 highs, after a jump in bank shares and further upbeat data on the labour market, though sharp gains in oil prices limited the advance. After losses on Wednesday, the rebound took the S&P 500 back above its 1
Published 03 Mar, 2012 12:00am
Friday's midday trade: stocks edge lower

Friday's midday trade: stocks edge lower

US stocks edged lower on Friday in a session with sparse economic data, but the S&P 500 and Nasdaq remained on pace for their eighth positive week in the last nine. The S&P 500 has traded in a tight range in the past two weeks, mostly holding on to gains
Published 03 Mar, 2012 12:00am
Nikkei hits fresh sevem-month high

Nikkei hits fresh sevem-month high

Japan's Nikkei average hit a fresh seven-month closing high on Friday after a European Central Bank liquidity operation this week underpinned market sentiment, but it failed to hold above 9,800 for a third day as market players warned of a correction. Whi
Published 03 Mar, 2012 12:00am
KOSPI extends gains

KOSPI extends gains

Seoul shares edged up on Friday to set a three-day rally, closing at a fresh seven-month closing high backed by bullish sentiment from the European Central Bank's second round of liquidity injections and positive US jobs data. Hyundai Motor rose 1.85 perc
Published 03 Mar, 2012 12:00am
Slackened buying interest on cotton market keeps business volume low

Slackened buying interest on cotton market keeps business volume low

Slow daily-intake was again witnessed on cotton market on Friday because mills and spinners remained on the sidelines in the absence of motivating factors, dealers said. The official spot rate resisted further decline, retaining at overnight rate Rs 5,300
Published 03 Mar, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 131,657 tonnes of cargo comprising1 85,328 tonnes of import cargo and 46,329 tonnes of export cargo including 4,345 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 85,328 ton
Published 03 Mar, 2012 12:00am
No change on grain market

No change on grain market

According to the Grain and Oilseeds Merchants Group, commodity items showed no change on Friday as almost all the participants were busuy in preparations for Juma prayers.
Published 03 Mar, 2012 12:00am
Ukraine's February grain exports fall 25 percent

Ukraine's February grain exports fall 25 percent

Ukraine's grain exports fell by about 25 percent to 1.7 million tonnes in February from 2.26 million in January, Ukrainian grain lobby UAC said on Friday, after officials said severe cold had hit transportation. UAC said in a statement the volume had incl
Published 03 Mar, 2012 12:00am
Memogate: Scotland Yard's assistance may be sought

Memogate: Scotland Yard's assistance may be sought

The judicial commission investigating the Memo case may direct the federal government to seek Scotland Yard's assistance to carry out the forensic analysis of BlackBerry devices in case no private forensic expertise is found in nine days.
Published 03 Mar, 2012 12:00am
Index breaches 13,000 level

Index breaches 13,000 level

A bull-run continued on the Karachi share market on Friday and the KSE-100 index breached 13,000 psychological level, the highest level after June 2008 on the back of both local and foreign investors support. Across the board buying was witnessed from loc
Published 03 Mar, 2012 12:00am
Index breaches 13,000 level

Index breaches 13,000 level

A bull-run continued on the Karachi share market on Friday and the KSE-100 index breached 13,000 psychological level, the highest level after June 2008 on the back of both local and foreign investors support. Across the board buying was witnessed from loc
Published 03 Mar, 2012 12:00am
Index breaches 13,000 level

Index breaches 13,000 level

A bull-run continued on the Karachi share market on Friday and the KSE-100 index breached 13,000 psychological level, the highest level after June 2008 on the back of both local and foreign investors support. Across the board buying was witnessed from loc
Published 03 Mar, 2012 12:00am
Memogate: Scotland Yard's assistance may be sought

Memogate: Scotland Yard's assistance may be sought

The judicial commission investigating the Memo case may direct the federal government to seek Scotland Yard's assistance to carry out the forensic analysis of BlackBerry devices in case no private forensic expertise is found in nine days.
Published 03 Mar, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
10 soldiers among 55 dead in Tirah attacks

10 soldiers among 55 dead in Tirah attacks

At least 55 people were killed Friday in violence in troubled north-western tribal region of Kyhber, which borders Afghanistan, local officials said. Twenty-two people were killed in a suicide attack targeting a mosque after Friday prayers in the Tirah va
Published 03 Mar, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 02, 2012).
Published 03 Mar, 2012 12:00am
10 soldiers among 55 dead in Tirah attacks

10 soldiers among 55 dead in Tirah attacks

At least 55 people were killed Friday in violence in troubled north-western tribal region of Kyhber, which borders Afghanistan, local officials said. Twenty-two people were killed in a suicide attack targeting a mosque after Friday prayers in the Tirah va
Published 03 Mar, 2012 12:00am
Zardari had prior knowledge of US raid in Abbottabad: Ijaz

Zardari had prior knowledge of US raid in Abbottabad: Ijaz

Mansoor Ijaz, star witness in Memogate case, has alleged that President Asif Ali Zardari had asked Army Chief General Ashfaq Parvez Kayani on May 2 night not to send F-16 aircraft to bring down US choppers carrying Navy SEALS commandos who killed Osama bi
Published 03 Mar, 2012 12:00am
BRIndex30 gains 122.01 points

BRIndex30 gains 122.01 points

On Friday, BRIndex30 opened at 9,808.69 and remained positive throughout the trading session. It touched an intraday high of 9,936.07 and an intraday low of 9,808.69 and closed at 9,930.70 which was 122.01 points or 1.24 percent higher than previous close
Published 03 Mar, 2012 12:00am
Previous Day