Equities registered gains on the Lahore Stock Exchange (LSE) amid descending transaction volume on Tuesday. The LSE-25 index moved up to 4395.39 points against 4320.96 points of Monday, showing an increment of 74.43 points, while transaction volume signif
Federal Investigation Agency on Tuesday formally declared former president and army chief General Pervez Musharraf (Retd) as main accused in Benazir Bhutto murder case and submitted a challan against him in an Anti-Terrorism Court (ATC). The ATC judge, Ha
Federal Investigation Agency on Tuesday formally declared former president and army chief General Pervez Musharraf (Retd) as main accused in Benazir Bhutto murder case and submitted a challan against him in an Anti-Terrorism Court (ATC). The ATC judge, Ha
The Securities and Exchange Commission of Pakistan (SECP) has expanded the investigation scope of Karachi Stock Exchange 2008 crash by extending the deadline to finalise an independent study ascertaining the reasons and causes of the crash. Sources told <
The Securities and Exchange Commission of Pakistan (SECP) has expanded the investigation scope of Karachi Stock Exchange 2008 crash by extending the deadline to finalise an independent study ascertaining the reasons and causes of the crash. Sources told <
The Securities and Exchange Commission of Pakistan (SECP) has expanded the investigation scope of Karachi Stock Exchange 2008 crash by extending the deadline to finalise an independent study ascertaining the reasons and causes of the crash. Sources told <
On Tuesday, BRIndex30 opened at 13,267.05. It touched an intraday high of 13,552.07 and an intraday low of 13,222.67 and closed at 13,457.24, which was 190.19 points or 1.43 percent higher than previous close. Total volume was 148,846,300, which was 70.27
On Tuesday, BRIndex30 opened at 13,267.05. It touched an intraday high of 13,552.07 and an intraday low of 13,222.67 and closed at 13,457.24, which was 190.19 points or 1.43 percent higher than previous close. Total volume was 148,846,300, which was 70.27
The benchmark KSE-100 index fluctuated wildly on Tuesday, ending the day 62.26 points higher at 21,110.34 points against 21,048.08 points a day ago. At one point during the day, the index fell by as much as 650 points. Karachi Stock Exchange witnessed the
The benchmark KSE-100 index fluctuated wildly on Tuesday, ending the day 62.26 points higher at 21,110.34 points against 21,048.08 points a day ago. At one point during the day, the index fell by as much as 650 points. Karachi Stock Exchange witnessed the
The benchmark KSE-100 index fluctuated wildly on Tuesday, ending the day 62.26 points higher at 21,110.34 points against 21,048.08 points a day ago. At one point during the day, the index fell by as much as 650 points. Karachi Stock Exchange witnessed the
The PML-N government has taken a bold initiative to settle circular debt and is taking steps to ensure that it does not recur in future, Finance Minister Senator Mohammad Ishaq Dar told participants of Pakistan-US Business Opportunity Conference in Dubai
The PML-N government has taken a bold initiative to settle circular debt and is taking steps to ensure that it does not recur in future, Finance Minister Senator Mohammad Ishaq Dar told participants of Pakistan-US Business Opportunity Conference in Dubai
The PML-N government has taken a bold initiative to settle circular debt and is taking steps to ensure that it does not recur in future, Finance Minister Senator Mohammad Ishaq Dar told participants of Pakistan-US Business Opportunity Conference in Dubai
Taliban gunmen and bombers using fake Nato identification attacked an entrance to the Afghan presidential palace in the heart of Kabul on Tuesday, just a week after insurgent leaders opened an office in Qatar for peace talks. A nearby building known to ho
Taliban gunmen and bombers using fake Nato identification attacked an entrance to the Afghan presidential palace in the heart of Kabul on Tuesday, just a week after insurgent leaders opened an office in Qatar for peace talks. A nearby building known to ho
Prime Minister Nawaz Sharif received US Special Representative on Afghanistan and Pakistan Ambassador James Dabbins, here on Tuesday. The Prime Minister was assisted by Sartaj Aziz, Adviser on National Security, and General Ashfaq Parvez Kayani, Chief of
Prime Minister Nawaz Sharif received US Special Representative on Afghanistan and Pakistan Ambassador James Dabbins, here on Tuesday. The Prime Minister was assisted by Sartaj Aziz, Adviser on National Security, and General Ashfaq Parvez Kayani, Chief of
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Indian sugar futures on Tuesday fell to their lowest level in more than a month on subdued demand amid surplus supplies and as the government decided not to raise import duty on the sweetener at least for the next two months.
Cash basis bids for hard red winter wheat in the southern US Plains were steady on Monday as harvesting activities accelerated in key-producer Kansas. Harvesting has been reported as far north as northwestern Kansas, according to the Kansas Wheat Commissi
Soyameal prices are set to fall from July as increased South American output enters global markets after a slow start to this year's exports, Hamburg-based oilseeds analyst Oil World said on Tuesday. The global July/September 2013 production of the key an
Soybean imports in China, the world's biggest buyer, are expected to rise 63 percent on the month to a record 8.32 million tonnes in June, an official think tank said on Tuesday, citing data from the country's Ministry of Commerce. The China National Grai
Coffee exports from Indonesia, the world's second-largest robusta grower, will slip 17 percent to 374,000 tonnes this year due to rising domestic consumption, the country's industry minister said on Tuesday. The exports will account for about 50 percent o
Coffee prices in Vietnam further declined on Tuesday, prompting farmers to hold on to their bean stock and resulting in thin transactions, traders said. "We do not offer prices to foreign buyers today, because we even can not buy beans from farmers recent
Russia's wheat export prices fell last week, while barley prices also declined, weighed down by favourable weather in the key grain growing regions. Russia, historically the world's third-largest wheat exporter, is set to boost this year's harvest after a
The Karachi Port handled 109,913 tonnes of cargo comprising 89,928 tonnes of import cargo and 19,985 tonnes of export cargo including 1,070 loaded and empty containers during the last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 89,9
Holiday mood persisted on the cotton market on Monday as leading participants were on the sidelines on account of Shab-e-Brat, dealers said. The official spot rate was unchanged at Rs 6,400, they said. In the ready business, prices were steady as around 8
ICE Canadian canola futures rose on Monday, trading in a wide range before settling modestly higher, as traders adjusted positions ahead of Tuesday's Statistics Canada crop report. Trade expected Statscan to raise canola area estimate to 19.7 million acre
European wheat futures edged higher on Tuesday as a rise in Chicago spurred some bargain-hunting in Paris after a sharp fall the previous day on reports of stronger-than-expected winter wheat yields in the United States. "The general speed and ease with w
India's Mahindra & Mahindra has dropped plans to enter mainstream banking, suggesting that new rules intended to make bank accounts more widely available may be proving too hard for businesses to implement. Only about half of India's population has access
The European Central Bank has 50 billion euros ($65.7 billion) in asset-backed securities based on loans to small and mid-sized firms and could take on more in the right conditions, ECB Executive Board member Benoit Coeure said on Monday. Small and mid-si
The European Central Bank has 50 billion euros ($65.7 billion) in asset-backed securities based on loans to small and mid-sized firms and could take on more in the right conditions, ECB Executive Board member Benoit Coeure said on Monday. Small and mid-si
New homebuilding in Canada is expected to regain momentum in the later part of 2013 and into 2014 as employment, economic growth and migration boost demand for housing in a market that had slowed, the Canada Mortgage and Housing Corp said on Tuesday.
Austria's centrist coalition agreed a 1.5 billion euro ($1.96 billion) economic stimulus plan on Tuesday, eager to show voters before September elections that the government is ready to counter any downturn. Spurred by the insolvency last week of Alpine B
In a country synonymous with larger-than-life mining tycoons and Outback heroes, the geeks are quietly inheriting the earth. As coal magnate Nathan Tinkler, the poster boy for Australia's fading 10-year minerals boom, publicly battles against bankruptcy,
South Korean shares dropped to a fresh 11-month closing low on Tuesday as investors were unnerved by sharp falls in Chinese stock markets amid deepening worries about tight liquidity and slowing growth in Asia's largest economy. The Korea Composite Stock
China shares tested 4-1/2-year lows early on Tuesday, then pared hefty losses on hopes that authorities would address recent market turmoil - but no moves were announced. Traders pinned their hopes on a press conference called in Shanghai by the central b
Most Southeast Asian stocks extended their losses and fell to multi-month lows on Tuesday but some markets recovered on easing liquidity hopes after comments from US Federal Reserve and Chinese central bank officials. Two of the Fed's top officials downpl
Japan's Nikkei share average fell below 13,000 in volatile trade on Tuesday as worry about stresses in China's banking system added to concerns about the US Federal Reserve's plan to scale back its stimulus. The Nikkei dropped 0.7 percent to 12,969.34 aft
US stocks rose solidly on Tuesday, partially recovering from recent steep declines as strong data pointed to improvements in the economy. Equities were volatile for much of the session, as the data initially raised concerns about central bank stimulus, bu
US stocks fell more than 1 percent on Monday, adding to a sell-off built on concerns about reduced stimulus from the Federal Reserve and on overnight losses in Chinese equity markets. The market shed some of the day's losses in the afternoon, but it was t
Taiwan stocks fell 1.2 percent on Tuesday to a five-month closing low, with rubber counters the biggest laggards, down 3.6 percent. The main TAIEX index shed 94.8 points to 7,663.23, after opening down 0.1 percent. The tech sub-index was off 0.7 percent a
US government bond prices bounced back on Monday, with yields falling from near two-year highs, though investors remained nervous that the Federal Reserve could soon pare back its bond purchase program. Fed Chairman Ben Bernanke spooked investors last wee
US government bond prices bounced back on Monday, with yields falling from near two-year highs, though investors remained nervous that the Federal Reserve could soon pare back its bond purchase program. Fed Chairman Ben Bernanke spooked investors last wee
Indian shares rebounded on Tuesday from two-month lows hit in the previous session as bluechip stocks such as Reliance Industries gained on short-covering ahead of the expiry of June derivative contracts later this week. Domestic shares were also helped b
Soothing words from central bankers in China and the United States calmed investors on Tuesday and contributed to European shares bouncing off seven-month lows. The FTSEurofirst 300 closed up 16.18 points, or 1.5 percent at 1,130.37, having closed at its
Australian shares reversed early gains to fall 0.3 percent on Tuesday as investors fretted that a cash crunch could slow Chinese growth, but a weaker Australian dollar buoyed exporters, helping to cap losses. Flagship miners BHP Billiton Ltd and Rio Tinto
Some Middle East bourses rose on Tuesday, clawing back part of their early-week losses as bargain hunters bought back bluechip stocks, although trading volumes were thin as a summer lull deepened. Saudi Arabia's benchmark rose 0.2 percent, extending 2013
Britain's benchmark share index rebounded on Tuesday from 5-1/2 month lows, with cruise ship group Carnival leading the gainers, after steps by China to reassure markets over its money supply lifted sentiment. The bluechip FTSE 100 index, which had fallen
The yuan closed marginally lower against the dollar on Tuesday for the fourth straight session as worries over the health of China's finance system and the economy offset a stronger official midpoint set by the central bank, traders said. Spot yuan finish
The yen's safe-haven appeal gave it the upper hand against the dollar in Asia on Tuesday, as a rout in China shares helped end a rally that brought the dollar index close to a three-week peak in the previous session. Putting up a further road block to the
The dollar fell for the first time in a week on Tuesday against a currency basket, as investors pared long positions after some Federal Reserve officials downplayed expectations of an imminent end to stimulus. The US currency, though, recouped some of its
The dollar recovered from early losses and rallied against the euro and yen on Tuesday after a slew of US economic reports bolstered optimism the recovery was gaining traction and that the Federal Reserve can slow its stimulus measures. Durable good order
The US dollar on Monday rallied to its highest in nearly three weeks against a basket of currencies on rising expectations US monetary stimulus will be scaled back in the near term. The shift in sentiment has prompted investors to unwind bets that the Fed
The Indian rupee gained marginally on Tuesday on some dollar selling related to arbitrage gains with the offshore non-deliverable forward market, but sentiment remained fragile after a steep foreign sell-off of stocks and debt. Expectations the Reserve Ba
Most emerging Asian currencies rose on Tuesday after top Federal Reserve officials eased worries about an immediate cut in stimulus, although some gains were pared by concern that tight liquidity could cut China's economic growth rate. The Thai baht gaine
Australian and New Zealand government bonds rallied hard on Tuesday, almost completely reversing a steep fall in the previous session, after top Federal Reserve officials tried to calm markets about its stimulus-withdrawal plan. The Aussie shed 0.5 percen
Sterling cut gains against the dollar on Tuesday after Bank of England policymakers indicated they were in no hurry to bring an end to their ultra-loose monetary policy stance. But the pound extended gains against the euro for a fourth straight day, as Eu
Pep Guardiola charmed the world's media as he took charge at Bayern Munich, but the new head coach has got straight down to business in his bid to maintain the European champion's treble-winning success ahead of Wednesday's first training session.
Carlo Ancelotti has been appointed as the new coach of Real Madrid on a three-year deal, the club confirmed on Tuesday. "Carlos Michelangelo Ancelotti will be the coach of Real Madrid next season," said a statement on the club's website.
Top seed Novak Djokovic proved rock solid as he cruised past Germany's Florian Mayer 6-3 7-5 6-4 to reach the second round of Wimbledon on Tuesday. The Serb broke 34th-ranked Mayer's opening service game and never looked troubled on Centre Court, wrapping
Serena Williams racked-up her 32nd successive win on Tuesday to reach the Wimbledon second round where she was joined by 42-year-old Kimiko Date-Krumm whose love of tea is fuelling her longevity. Britain's Laura Robson kept the home flag flying in the wom