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Print - 2013-06-26
LSE equities register gains

LSE equities register gains

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
Published 26 Jun, 2013 12:00am
Benazir's murder case: Musharraf formally declared accused

Benazir's murder case: Musharraf formally declared accused

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
Published 26 Jun, 2013 12:00am
Benazir's murder case: Musharraf formally declared accused

Benazir's murder case: Musharraf formally declared accused

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
Published 26 Jun, 2013 12:00am
SECP expands investigation scope of KSE 2008 crash

SECP expands investigation scope of KSE 2008 crash

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 <
Published 26 Jun, 2013 12:00am
SECP expands investigation scope of KSE 2008 crash

SECP expands investigation scope of KSE 2008 crash

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 <
Published 26 Jun, 2013 12:00am
SECP expands investigation scope of KSE 2008 crash

SECP expands investigation scope of KSE 2008 crash

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 <
Published 26 Jun, 2013 12:00am
BRIndex30 up by 190.19 points

BRIndex30 up by 190.19 points

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
Published 26 Jun, 2013 12:00am
BRIndex30 up by 190.19 points

BRIndex30 up by 190.19 points

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
Published 26 Jun, 2013 12:00am
Stock market volatile

Stock market volatile

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
Published 26 Jun, 2013 12:00am
Stock market volatile

Stock market volatile

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
Published 26 Jun, 2013 12:00am
Stock market volatile

Stock market volatile

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
Published 26 Jun, 2013 12:00am
Government desperate to woo investors

Government desperate to woo investors

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
Published 26 Jun, 2013 12:00am
Government desperate to woo investors

Government desperate to woo investors

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
Published 26 Jun, 2013 12:00am
Government desperate to woo investors

Government desperate to woo investors

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
Published 26 Jun, 2013 12:00am
Taliban attack Afghan presidential palace and CIA base

Taliban attack Afghan presidential palace and CIA base

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
Published 26 Jun, 2013 12:00am
Taliban attack Afghan presidential palace and CIA base

Taliban attack Afghan presidential palace and CIA base

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
Published 26 Jun, 2013 12:00am
US special envoy briefs Nawaz

US special envoy briefs Nawaz

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
Published 26 Jun, 2013 12:00am
US special envoy briefs Nawaz

US special envoy briefs Nawaz

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
Published 26 Jun, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 25, 2013).

Published 26 Jun, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 25, 2013).
Published 26 Jun, 2013 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (June 25, 2013).

Published 26 Jun, 2013 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (June 25, 2013).

Published 26 Jun, 2013 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (June 25, 2013).

Published 26 Jun, 2013 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (June 25, 2013).

Published 26 Jun, 2013 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

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
Published 26 Jun, 2013 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

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
Published 26 Jun, 2013 12:00am
New York cotton

New York cotton

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

Published 26 Jun, 2013 12:00am
New York cotton

New York cotton

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

Published 26 Jun, 2013 12:00am
Indian sugar futures fall

Indian sugar futures fall

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.
Published 26 Jun, 2013 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

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
Published 26 Jun, 2013 12:00am
Soyameal prices to fall on larger output: Oil World

Soyameal prices to fall on larger output: Oil World

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
Published 26 Jun, 2013 12:00am
China's June soybean imports seen up

China's June soybean imports seen up

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
Published 26 Jun, 2013 12:00am
Indonesian coffee exports to fall 17 percent

Indonesian coffee exports to fall 17 percent

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
Published 26 Jun, 2013 12:00am
Vietnam's coffee prices further decline

Vietnam's coffee prices further decline

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
Published 26 Jun, 2013 12:00am
Russia's wheat prices fall

Russia's wheat prices fall

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
Published 26 Jun, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

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
Published 26 Jun, 2013 12:00am
Holiday mood persists on cotton market

Holiday mood persists on cotton market

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
Published 26 Jun, 2013 12:00am
Canadian canola futures rise

Canadian canola futures rise

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
Published 26 Jun, 2013 12:00am
EU wheat futures rise in bargain-hunting after fall

EU wheat futures rise in bargain-hunting after fall

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
Published 26 Jun, 2013 12:00am
India's Mahindra Finance opts not to seek bank licence

India's Mahindra Finance opts not to seek bank licence

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
Published 26 Jun, 2013 12:00am
ECB holds 50 billion euros in SME-tied assets: Coeure

ECB holds 50 billion euros in SME-tied assets: Coeure

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
Published 26 Jun, 2013 12:00am
ECB holds 50 billion euros in SME-tied assets: Coeure

ECB holds 50 billion euros in SME-tied assets: Coeure

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
Published 26 Jun, 2013 12:00am
Canada's housing starts to regain momentum

Canada's housing starts to regain momentum

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.
Published 26 Jun, 2013 12:00am
Austrian cabinet approves stimulus plan

Austrian cabinet approves stimulus plan

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
Published 26 Jun, 2013 12:00am
Geeks oust miners among Australia's new rich as boom fades

Geeks oust miners among Australia's new rich as boom fades

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,
Published 26 Jun, 2013 12:00am
Seoul shares hit fresh 11-month low

Seoul shares hit fresh 11-month low

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
Published 26 Jun, 2013 12:00am
Chinese shares test 4-1/2-year lows, then pare losses on policy hopes

Chinese shares test 4-1/2-year lows, then pare losses on policy hopes

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
Published 26 Jun, 2013 12:00am
Most Southeast Asian stocks tumble

Most Southeast Asian stocks tumble

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
Published 26 Jun, 2013 12:00am
Nikkei falls below 13,000 mark

Nikkei falls below 13,000 mark

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
Published 26 Jun, 2013 12:00am
Tuesday's afternoon trade: stocks rise solidly

Tuesday's afternoon trade: stocks rise solidly

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
Published 26 Jun, 2013 12:00am
Wall Street down

Wall Street down

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
Published 26 Jun, 2013 12:00am
Taiwan stocks down

Taiwan stocks down

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
Published 26 Jun, 2013 12:00am
US bonds bounce back

US bonds bounce back

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
Published 26 Jun, 2013 12:00am
US bonds bounce back

US bonds bounce back

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
Published 26 Jun, 2013 12:00am
Indian shares end higher

Indian shares end higher

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
Published 26 Jun, 2013 12:00am
Dovish bankers lift European shares off seven-month lows

Dovish bankers lift European shares off seven-month lows

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
Published 26 Jun, 2013 12:00am
Australian shares fall

Australian shares fall

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
Published 26 Jun, 2013 12:00am
Some Middle East bourses claw back early-week losses; trading thin

Some Middle East bourses claw back early-week losses; trading thin

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
Published 26 Jun, 2013 12:00am
Carnival rises as UK's top share index rebounds from lows

Carnival rises as UK's top share index rebounds from lows

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
Published 26 Jun, 2013 12:00am
Yuan marginally lower

Yuan marginally lower

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
Published 26 Jun, 2013 12:00am
Yen gets upper hand against dollar in Asia

Yen gets upper hand against dollar in Asia

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
Published 26 Jun, 2013 12:00am
Dollar slips in London

Dollar slips in London

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
Published 26 Jun, 2013 12:00am
Early trade in New York: dollar recovers, up versus euro, yen

Early trade in New York: dollar recovers, up versus euro, yen

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
Published 26 Jun, 2013 12:00am
Dollar gains in New York

Dollar gains in New York

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
Published 26 Jun, 2013 12:00am
Indian rupee posts mild gains

Indian rupee posts mild gains

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
Published 26 Jun, 2013 12:00am
Most Asian currencies up

Most Asian currencies up

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
Published 26 Jun, 2013 12:00am
Australian and New Zealand bonds down

Australian and New Zealand bonds down

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
Published 26 Jun, 2013 12:00am
Sterling cuts gains versus dollar, but outperforms euro

Sterling cuts gains versus dollar, but outperforms euro

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
Published 26 Jun, 2013 12:00am
Guardiola gets down to business at Bayern

Guardiola gets down to business at Bayern

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.
Published 26 Jun, 2013 12:00am
Real Madrid appoint Ancelotti as new coach

Real Madrid appoint Ancelotti as new coach

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.
Published 26 Jun, 2013 12:00am
Djokovic moves into second round

Djokovic moves into second round

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
Published 26 Jun, 2013 12:00am
Serena shines, Kimiko teas up Wimbledon special brew

Serena shines, Kimiko teas up Wimbledon special brew

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
Published 26 Jun, 2013 12:00am