News Archives for Print - 2012-06-10

Downward trend was seen on the open market on Saturday as the rupee shed slightly against the dollar on persisting demand for the greenback, dealers said. The rupee dropped by five paisa in relation to the dollar for buying and selling at 95.15 and 95.35,

Published 10 Jun, 2012 12:00am

THE RUPEE: very modest fall in open market

Published 10 Jun, 2012 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (June 09, 2012).

Published 10 Jun, 2012 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (June 09, 2012).

Published 10 Jun, 2012 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (June 09, 2012).

Published 10 Jun, 2012 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 10 Jun, 2012 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (June 09, 2012).

Published 10 Jun, 2012 12:00am

US Midwest corn bids firm

Corn spot basis bids rose at US Midwest processors and river terminals on Friday, on scarce old-crop supplies and slow new-crop sales, dealers said. Chicago Board of Trade corn futures ended higher on tight stocks and mounting concerns about dry weather a

Published 10 Jun, 2012 12:00am

Oil cake market rates

The July vaida was up and December contract was unchanged on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The July vaida closed at Rs 850.00 and it commenced with a rise of 30 paisa to Rs 850.30, the December cont

Published 10 Jun, 2012 12:00am

Cotton market: prices slightly fall on phutti arrivals news

Subdued business was seen on the cotton market on Saturday as mills and spinners were expecting further decline in the rates after phutti arrivals, which were likely from next week, dealers said. Official spot rate was unchanged at Rs 5,600, they added. I

Published 10 Jun, 2012 12:00am

EU wheat prices steady

European wheat prices held at steady levels on Friday as a lower euro helped to offset weakness in US futures as the market's focus moved towards next week's key US government crop production report. By 1617 GMT, November milling wheat on the Paris future

Published 10 Jun, 2012 12:00am

Vietnam buys Indian corn

Feed millers in Vietnam bought some 20,000 tonnes of Indian corn this week for shipment in July, while buyers in the Philippines are in talks to import 50,000 tonnes of Australian feed wheat for August arrival. Indian corn to Vietnam was traded around $24

Published 10 Jun, 2012 12:00am

US wheat futures weaken on record fast harvest

Chicago Board of Trade wheat futures fell near their session lows at the close of pit trading at 1:15 pm CDT (1815 GMT) on Friday, pressured by the record-fast harvest of the winter wheat crop in the Plains. Traders also noted some profit-taking after CBO

Published 10 Jun, 2012 12:00am

Corn rallies on hot, dry forecast, tight stocks

US corn futures rallied more than 1 percent o n Friday to a two-week high as tight supplies and worries about crop-stressing weather across the US Midwest this weekend offset pressure from a firm dollar and weakness in broader financial markets. Corn was

Published 10 Jun, 2012 12:00am

Speculations turn bearish on corn

Large speculators took a net short position in Chicago Board of Trade corn for the first time in nearly two years, betting that early planting would lead to a huge crop this fall, regulatory data showed on Friday. Their move came a day before corn began a

Published 10 Jun, 2012 12:00am

Activity at Karachi and Qasim ports

The activities report of Karachi Port has not been received on Saturday.

Published 10 Jun, 2012 12:00am

US corn futures higher

Chicago Board of Trade corn futures were higher at the 1:15 pm CDT (1815 GMT) close of pit trade on Friday on concerns about drier-than-desired crop weather in the US and tight stocks. CBOT July was up 8.9 percent for the week. Developing corn and soybean

Published 10 Jun, 2012 12:00am

FOB Gulf corn premiums rise

US corn export premiums at the Gulf Coast were higher on Friday as tight old-crop stocks and slow farmer sales supported basis values, even as futures rallied, traders said. Spot corn futures on the Chicago Board of Trade rose more than 8 percent this wee

Published 10 Jun, 2012 12:00am

Slow trade on grain market

Thin business was seen on the wholesale grain market on Saturday in process of trading, dealers said. Only one change was witnessed on the cereals side, where wheat old and new Bardan shed Rs 10 to Rs 2600-2640 during the session, they said. On the rice s

Published 10 Jun, 2012 12:00am

Mauritius plans defence against euro crisis

Mauritius will offer banks a credit line in euros and dollars to protect exporters and its financial system should the euro area crisis escalate, the island state's central bank governor said on Saturday. Institutions like the African Development Bank hav

Published 10 Jun, 2012 12:00am

UAE may fine banks for bad loans

The United Arab Emirates may soon fine banks which grant loans to consumers who are unable to pay back the debt, the central bank governor was quoted as saying in remarks published on Saturday. The UAE is working on a law to protect consumers' rights, whi

Published 10 Jun, 2012 12:00am

Tanzania invites UAE to explore for oil and gas

Tanzania's president has invited investors from the United Arab Emirates to join the rush for oil and gas in the east African nation, after recent gas discoveries along its coastline, the president's office said on Saturday. Together with oil finds in nei

Published 10 Jun, 2012 12:00am

Economic outlook 'daunting'

Global economic and market conditions are worrying and a renewed slowdown could threaten the sustainability of public debts in Europe and elsewhere, Bank of Italy Governor Ignazio Visco said on Saturday. "The European and global economic outlook and finan

Published 10 Jun, 2012 12:00am

Car sales up 22.6 percent

Car sales in China rose 22.6 percent in May from a year earlier, according to data released on Saturday, extending the double-digit gain made in the previous month, as new models premiered at April's Beijing autoshow started to hit the showrooms.

Published 10 Jun, 2012 12:00am

China's inflation eases, further stimulus 'likely'

China's inflation eased to 3.0 percent in May as other data released Saturday indicated a slowdown in the world's second largest economy, giving Beijing more room to ease monetary policy to stimulate growth. It was the lowest rise in the consumer price in

Published 10 Jun, 2012 12:00am

BP hoping for $15 billion spill settlement with US

BP Plc is hoping to reach an agreement with US authorities which would require it to pay under $15 billion to settle all criminal and civil penalties arising from the 2010 Deepwater Horizon disaster, the Financial Times reported, citing a person familiar

Published 10 Jun, 2012 12:00am

US regulators shut four small banks

US state and federal regulators shut four small banks in the South and Midwest on Friday, bringing the total number of closures this year to 28. State Regulators closed Waccamaw Bank of Whiteville, North Carolina. The bank's $472.7 million in deposits wil

Published 10 Jun, 2012 12:00am

Italian banks resilient to Spanish risks: UniCredit

Italian banks are strong and there is no need to fear possible contagion from the troubles of Spain's banking sector, the general manager of Italian bank UniCredit said on Saturday. Euro zone finance ministers meet to discuss a bailout of Spain's banks on

Published 10 Jun, 2012 12:00am

Japan's finance watchdog calls for US brokerage fine

Japan's securities industry watchdog has called for the Financial Services Agency to slap a fine on US brokerage house First New York Securities for alleged insider trading. This is the first time the Securities and Exchange Surveillance Commission (SESC)

Published 10 Jun, 2012 12:00am

Oil output reduced

Top oil exporter Saudi Arabia pumped 9.8 million barrels per day (bpd) of crude oil in May, cutting output by 300,000 bpd from the month before, an industry source said on Saturday. The Saudi kingdom's oil production was 10.1 million bpd in April, its hig

Published 10 Jun, 2012 12:00am

Saudi Arabia's inflation eases

Saudi Arabia's annual inflation eased to a nine-month low of 5.1 percent in May, despite a slight rise in food and housing prices, official data showed on Saturday. Consumer prices slowed to 5.1 percent in May from 5.3 percent in the same month a year ear

Published 10 Jun, 2012 12:00am

Moody's warns of broader eurozone downgrades

Moody's warned Friday that a Greek pullout from the eurozone could lead to downgrades of the eurozone's top-rated governments, including economic powerhouse Germany. Moody's also said that an EU rescue of Spain's banking sector could force a cut to Spain'

Published 10 Jun, 2012 12:00am

S&P keeps US rating unchanged, outlook 'negative'

Standard & Poor's held its US sovereign rating steady at AA+ Friday but also kept its negative outlook on the country, citing the political deadlock over fixing the fiscal deficit. Ten months after delivering a historic rate cut to Washington, removing it

Published 10 Jun, 2012 12:00am

Obama says it's clear US economy 'not doing fine'

President Barack Obama stressed on Friday the US economy was "not doing fine," seeking to clarify his earlier comments about the health of the private sector that Republicans pounced on to try to paint him as out of touch. Speaking to reporters in the Ova

Published 10 Jun, 2012 12:00am

Porsche to pay no tax in Volkswagen deal

Porsche SE has found a way to sell the remaining 50.1 percent of its sports car unit to Volkswagen without paying an estimated 1.5 billion euros ($1.9 billion) in tax, business weekly WirtschaftsWoche reported on Saturday. The magazine said tax authoritie

Published 10 Jun, 2012 12:00am

Citi will not ask Fed to raise dividend this year

Citigroup Inc, which failed the Federal Reserve's stress test of its capital plan in March, on Friday said it will not ask the regulator for permission to increase its dividend or buy back more stock this year. The decision means Citi's shareholders will

Published 10 Jun, 2012 12:00am

Japan's NEC rejects request from Renesas for cash

Japan's NEC Corp will not provide a fresh capital injection to support loss-making chipmaker Renesas Electronics Corp, a senior NEC executive said in a newspaper interview. NEC's vice president Takashi Niino said his company rejected the request partly be

Published 10 Jun, 2012 12:00am

Swiss minister sees US tax deal by November

US officials seem to want an end to a dispute over wealthy Americans with hidden Swiss offshore bank accounts before the US presidential election in November, the Swiss finance minister said in a newspaper interview on Saturday. "My impression at the mome

Published 10 Jun, 2012 12:00am

IPO 'whisper' estimates may be heard after Facebook

In the aftermath of the Facebook IPO, investor outrage - and lawsuits - have focused on "whisper" estimates of future results that underwriters shared only with some clients. The selective disclosures appeared to expose a regulatory loophole, and some ban

Published 10 Jun, 2012 12:00am

Sri Lankan bourse up on bargain hunting

Sri Lankan stocks edged up on Friday for a second straight gain as institutional investors sought bluechip firms such as National Development Bank and the island nation's fourth largest lender Sampath Bank, stockbrokers said. The main index gained 0.86 pe

Published 10 Jun, 2012 12:00am

ADR report: commodity stocks drag market lower

US-listed shares of foreign companies fell on Friday, led lower by the stocks of commodity-related companies as basic metals and oil prices extended losses. Copper hit a six-month low while oil could post its sixth straight weekly decline, both on concern

Published 10 Jun, 2012 12:00am

China growth worry hits commodity-heavy Toronto exchange

Canada's main stock index fell on Friday, diverging from rising US equities, as fears about Chinese economic growth hit commodity issues, while weak jobs data prompted investors to take a cautious stance heading into the weekend. Financial and energy issu

Published 10 Jun, 2012 12:00am

Kuwait in talks with Malaysia IHH on IPO investment

Malaysia's state-backed Integrated Healthcare Holdings (IHH), which operates hospitals in Asia, is trying to rope in Kuwait's sovereign wealth fund as a cornerstone investor in its $2 billion dual listing in Kuala Lumpur and Singapore, sources said.

Published 10 Jun, 2012 12:00am

Treasuries outlook: bonds erase price gains as Spanish bailout eyed

US Treasuries prices erased early gains on Friday as expectations that Spain would ask for help to recapitalize its banks over the weekend reduced fears over the euro zone breaking up and ebbed demand for the safe-haven debt. A late downgrade of Spain's c

Published 10 Jun, 2012 12:00am

Treasuries outlook: bonds erase price gains as Spanish bailout eyed

Published 10 Jun, 2012 12:00am

Indian bonds flat

India's federal bonds were unchanged on Friday, ending a week in which yields have dropped to a three-month low on strong expectations for rate cuts, while a new 10-year bond was met with aggressive bidding. After trading ended, the central bank announced

Published 10 Jun, 2012 12:00am

Indian bonds flat

Published 10 Jun, 2012 12:00am

JGBs follow US Treasuries higher

Japanese government bond prices followed US Treasuries higher on Friday as equities fell after the US Federal Reserve gave no hint that further monetary easing was imminent. Equities continued to sell off in Asia, giving a tailwind to bonds, as some inves

Published 10 Jun, 2012 12:00am

JGBs follow US Treasuries higher

Published 10 Jun, 2012 12:00am

Fitch adds to Spain's headache, bond prices fall

Spanish government bonds came under pressure on Friday after Fitch slashed Spain's credit rating, further hurting the prospects of a country edging closer to seeking financial help. European Union and German sources told Reuters that Madrid was expected t

Published 10 Jun, 2012 12:00am

Fitch adds to Spain's headache, bond prices fall

Published 10 Jun, 2012 12:00am

Latam stocks rise on Spanish bank hopes

Latin American stocks rose on Friday after sources told Reuters Spain was expected to request aid for its troubled banks, but analysts were sceptical a months-long sell-off in riskier assets was coming to an end. Brazil's benchmark Bovespa stock index ros

Published 10 Jun, 2012 12:00am

Wall Street ends best week of year as aid for Spain's banks seen near

Spain blinked. And Wall Street jumped. The US stock market ended Friday's session with its best weekly gains of the year in a rally late in the day after sources told Reuters that Spain was expected to ask the euro zone on Saturday for money to bail out i

Published 10 Jun, 2012 12:00am

Despite risks, Asian FX seen up by end 2012

The safe-haven appeal of Asian markets will ensure currencies in the region end 2012 stronger than they are now, despite the sizeable risks from Europe's debt crisis and weaker global demand, a Reuters poll showed. The poll of 74 participants, mostly stra

Published 10 Jun, 2012 12:00am

Central European currencies fall broadly

Central European currencies fell broadly on Friday as poor first-quarter growth data in the Czech Republic and Hungary added to the gloom after global policymakers dashed hopes of more stimulus for the economy. Contractions in the Czech and Hungarian econ

Published 10 Jun, 2012 12:00am

African currencies outlook: Kenyan shillings set to gain against dollar

Kenya and Uganda's shillings are expected to strengthen against the dollar in the week ahead, helped by central bank intervention and inflows from offshore investors buying government debt.

Published 10 Jun, 2012 12:00am

Euro net shorts soar to record high

Bets against the euro surged to a fresh record high in the latest week, while net long US dollar positions rose, according to data from the Commodity Futures Trading Commission released on Friday. Net euro shorts totalled 214,418 contracts, from net short

Published 10 Jun, 2012 12:00am

Euro slumps against dollar after Spanish rating downgrade

The euro fell against the US dollar on Friday after a downgrade to Spain's credit rating and signs of economic weakness in Italy and Germany, leaving the single currency vulnerable as euro zone risks increased. Despite Friday's losses, the euro posted its

Published 10 Jun, 2012 12:00am

Canadian dollar little changed

Canada's dollar closed slightly firmer on Friday, with traders shrugging off tepid domestic jobs data and focusing on upcoming efforts by European policymakers to plan a rescue for Spain's troubled banking sector.

Published 10 Jun, 2012 12:00am

Mexico peso up; real trims loss

Mexico's peso firmed on Friday as policymakers dashed speculation of imminent rate cuts, while the Brazilian real trimmed early losses after the country's central bank intervened in the foreign exchange market. Other Latin American currencies remained wea

Published 10 Jun, 2012 12:00am

Over Rs two billion may be allocated for Watan, Pakistan cards

Keeping in view the upcoming general election, Sindh Budget 2012-13, would come up with a good news for millions of flood and rain-hit victims as they would be paid their remaining amount of Watan cards and Pakistan cards, Business Recorder learnt

Published 10 Jun, 2012 12:00am

Industrialists, KESC shareholders opposed to utility's plan to outsource business centres

Karachi Electric Supply Company's (KESC) plan to outsource 11 of its business centres located in different parts of the city is 'illegal and in violation' of rules set by National Electric Power Regulatory Authority (Nepra), industrialists and KESC's shar

Published 10 Jun, 2012 12:00am

Perera, Dilshan star in Sri Lankan victory

Paceman Thisara Perera bagged a career-best 6-44 and Tillakaratne Dilshan hit a century as Sri Lanka posted an easy 76-run win over Pakistan in the second one-day international on Saturday. The hosts, who scored a challenging 280-4, bowled Pakistan out fo

Published 10 Jun, 2012 12:00am

Willems becomes youngest ever Euro player

Jetro Willems was set to become the youngest player in the history of the European Championship after being named in Holland's team to face Denmark in their Euro 2012 Group B opener on Saturday. When he takes to the pitch at Metalist Stadium, the left-bac

Published 10 Jun, 2012 12:00am

Denmark record first win over Dutch since 1967

Denmark claimed the first upset of Euro 2012 by overcoming a badly misfiring Netherlands side 1-0 in their opening Group B match at Metalist Stadium here on Saturday. Brondby forward Michael Krohn-Dehli claimed the game's only goal mid-way through the fir

Published 10 Jun, 2012 12:00am

Samuels and Ramdin repel England

Marlon Samuels and Denesh Ramdin both scored fifties as West Indies reached 280 for eight against England at stumps on the third day of the third Test at Edgbaston here on Saturday. Samuels followed his hundred in England's nine-wicket second Test win at

Published 10 Jun, 2012 12:00am

Sharapova makes history with French Open win

Russia's Maria Sharapova became the 10th woman in tennis history to win all four Grand Slam titles on Saturday when she defeated Sara Errani of Italy 6-3, 6-2 in the French Open final. In what turned out to be largely one-sided contest, the second seed an

Published 10 Jun, 2012 12:00am

13 killed in Yemen clashes, air strikes

Yemeni troops battled Islamist militants in overnight clashes and air strikes that continued into Saturday, local officials and residents said, as part of a US-backed drive to retake territory held by insurgents.

Published 10 Jun, 2012 12:00am

Military trial of WikiLeaks' defendant delayed until late 2012

A US Army judge announced Friday that the scheduled September trial of a soldier accused of leaking a vast trove of classified documents to the whistleblower website WikiLeaks would not start before November.

Published 10 Jun, 2012 12:00am

Husband of Nigeria air crash victim sues Boeing

The husband of a woman killed in last Sunday's plane crash in Nigeria is suing the plane's manufacturer, Boeing, and engine maker United Technologies, saying her death was caused by a "dangerous and defective" aircraft. David Chukwunonso Allison, who live

Published 10 Jun, 2012 12:00am

Prince Philip leaves hospital before birthday

Prince Philip, the husband of Queen Elizabeth, left hospital on the eve of his 91st birthday on Saturday, five days after he was taken ill during celebrations to mark the monarch's 60 years on the throne. Looking relaxed and in good spirits, the Duke of E

Published 10 Jun, 2012 12:00am

Obama says clear rules needed to calm South China Sea

US President Barack Obama called on Friday for clear rules to resolve maritime disputes in the South China Sea and throughout the Pacific, a region where the United States is trying to increase its strategic heft. Speaking to reporters after hosting Filip

Published 10 Jun, 2012 12:00am

Shebab rebels mock US bounty, offer camels for Obama

Somalia's al Qaeda-allied Shebab rebels Saturday mocked a US offer of up to $33 million for tipoffs enabling the arrest of its top leaders, saying they would give 10 camels to anyone who helped locate Barack Obama. The highest price put up by the US State

Published 10 Jun, 2012 12:00am

Six sentenced for multi-million UK online school of fraud

Six men have been handed jail sentences in Britain for running a website that earned millions of pounds by selling fake documents and coaching fraudsters in how to conduct successful scams. Two masterminds ran the site from villas in Alicante in Spain whi

Published 10 Jun, 2012 12:00am

Shelling kills 18 in cradle of Syrian uprising

Eighteen people, including 12 women and children, were killed overnight by shelling in the Syrian town of Deraa, where the uprising against President Bashar al-Assad erupted 15 months ago, the Syrian Observatory for Human Rights said on Saturday.

Published 10 Jun, 2012 12:00am

US 'disappointed' by Iran-IAEA atom talks failure

Lack of progress in talks between Iran and the International Atomic Energy Agency is disappointing and it shows Tehran's continued failure to abide by its commitment to the UN nuclear watchdog, a US envoy said on Saturday.

Published 10 Jun, 2012 12:00am

Myanmar district under martial law after religious clash

Authorities imposed martial law in an area of Myanmar's western state of Rakhine Saturday after a group of Muslims allegedly torched hundreds of houses and killed at least five people. State media announced that Maung Thaw district, about 230 kilometres w

Published 10 Jun, 2012 12:00am

Manmohan rejects demand for probe of alleged coal mine graft

Indian Premier Manmohan Singh's office Saturday denied allegations of irregularities in coal mine allocations and rejected the demand by anti-corruption activists for a probe into the matter. Anti-graft campaigners led by Anna Hazare recently demanded tha

Published 10 Jun, 2012 12:00am

China to launch manned spacecraft this month

China will launch a spacecraft this month to conduct its first manned space docking, state media said Saturday, the latest step in a plan aimed at giving the country a permanent space station by 2020. The Shenzhou-9 spacecraft and its carrier rocket have

Published 10 Jun, 2012 12:00am

Nato to end air strikes on residential areas

Afghan President Hamid Karzai said Saturday that the US commander of Nato forces in Afghanistan had "promised" air strikes on residential areas would stop after apologising for recent civilian deaths. Karzai met General John Allen, commander of Nato's Int

Published 10 Jun, 2012 12:00am

US failed to consult Afghans on airstrike: Karzai

Afghanistan's president said Saturday that the United States failed to consult Afghan forces when calling in an airstrike that killed 18 civilians, and warned that in the future his government will consider such actions as violating the country's pact wit

Published 10 Jun, 2012 12:00am

Climate change, ageing trees threaten African cocoa

Climate change, ageing plantations and a shortage of young farmers risk strangling Africa's cocoa industry, a top official from a bloc of 10 producer nations said. Africa produced roughly three quarters of the world's cocoa last year. Output on the contin

Published 10 Jun, 2012 12:00am

US corn ratings unchanged, top expectations

US corn ratings held steady, topping analysts' expectations, despite continued dry weather in southern areas of the Corn Belt, US Agriculture Department data released on Monday showed. USDA rated the corn crop 72 percent good to excellent as of June 3. Th

Published 10 Jun, 2012 12:00am

Global rubber output forecast revised up

Global natural rubber output is seen at 10.475 million tonnes in 2012, nearly 2 percent above an April estimate of 10.297 million tonnes, on higher first-quarter Thai production, the Association of Natural Rubber Producing Countries said on Wednesday.

Published 10 Jun, 2012 12:00am

India's grains stocks at record high

India's wheat stocks at government warehouses surged to a record 50.2 million tonnes on June 1, well above the official target of 4.0 million tonnes for the quarter ending June 30, government sources said on Thursday. Rice inventory for the same period wa

Published 10 Jun, 2012 12:00am

Thai white sugar premiums steady, Ramazan demand eyed

Thai white sugar premiums held steady this week but could strengthen on rising demand before the Muslim fasting month of Ramazan, while China and Malaysia are seen chasing raw sugar from Brazil, dealers said on Tuesday. Thai whites were offered at premium

Published 10 Jun, 2012 12:00am

Asian rice prices fall, likely to stay lower

Asian rice prices fell this week and are expected to slide lower on thin demand and a significant rise in supplies over the next few weeks with substantial stocks in Thailand still weighing on the market, traders said on Wednesday. The price of benchmark

Published 10 Jun, 2012 12:00am

New York cotton ends lower; traders review bearish outlook

US cotton futures finished lower on Friday, caught in broad commodity market selling, but also as buyers who had driven prices up to their trading limit in the last two days reviewed some bearish fundamentals to rethink their strategies. Cotton's short-te

Published 10 Jun, 2012 12:00am

Australia's wheat output seen lower on dry weather

Australia's wheat output in the year to June 2013 is likely to be almost 4 percent lower than the government's March estimate of 26 million tonnes and more than 15 percent below last year's record-large production as dry weather threatens yields. The coun

Published 10 Jun, 2012 12:00am

US gold rebounds sharply on uncertainty over Spanish bailout

Gold rose on Friday, reversing sharp initial losses as uncertainty over an upcoming rescue plan for Spain's troubled banks encouraged some safe-haven buying and prompted investors to cover their bearish bets ahead of the weekend. The metal rebounded $30 f

Published 10 Jun, 2012 12:00am

Commodities struggle; Brent oil nears 17-month low

Commodity markets struggled last week, with Brent oil approaching a 17-month low, as traders balanced demand fears and the fragile economic outlook against China's surprise interest rate cut. Investor sentiment took a knock after the Bank of England, the

Published 10 Jun, 2012 12:00am

Government borrowings: Cause of concern

The increasing government reliance on banks to finance its budget is a serious cause of concern for particularly private business who are crowded out because of two very well known reasons. The real challenge lies in reviving private investment in the eco

Published 10 Jun, 2012 12:00am

Kenya's fragile Lake Turkana threatened by Ethiopian dam

The fishermen and herders eking out an existence on the shores of Kenya's majestic Lake Turkana risk having their way of life destroyed by a giant dam under construction in Ethiopia, their neighbour to the north. Glittering jade under the scorching sun, L

Published 10 Jun, 2012 12:00am

Drive towards US fiscal cliff takes election detour

If ever there was a case for putting off until tomorrow what could be done today, the deeply divided US Congress and President Barack Obama probably have solid ones when it comes to the "fiscal cliff" they face. It's not that all 535 members of Congress a

Published 10 Jun, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 1	277.78
USD PKR Interbank Buying / Nov 1	277.68
USD to Japanese Yen / Nov 1	153.01
USD to Swiss Franc / Nov 1	0.87
Pound Sterling to USD / Nov 1	1.29
Euro to USD / Nov 1	1.08

Stock	Volume
S&P 500 / Nov 1	5,728.80
India Sensex / Nov 1	79,724.12
Tokyo Nikkei / Nov 1	38,053.67
Nasdaq / Nov 1	18,239.92
Hang Seng / Nov 1	20,506.43
FTSE 100 / Nov 1	8,177.15
Dow Jones / Nov 1	42,052.19
Germany DAX 30 / Nov 1	19,254.97

Item	Value
Crude Oil USD/Barrel / Nov 1	69.49
Karachi Cotton PKR/37.32 KG / Nov 1	18,085
Gold 10 Grams PKR / Nov 1	244,084
Gold Spot USD/Ounce / Nov 1	2,736.53
Cotton US¢/pound / Nov 1	70.17
Petrol/Litre / Nov 2	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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