News Archives for Print - 2013-07-05

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Print - 2013-07-05

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (July 04, 2013).

Published 05 Jul, 2013 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (July 04, 2013).

Published 05 Jul, 2013 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (July 04, 2013).

Published 05 Jul, 2013 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (July 04, 2013).

Published 05 Jul, 2013 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (July 04, 2013).

Published 05 Jul, 2013 12:00am

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 05 Jul, 2013 12:00am

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 05 Jul, 2013 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 05 Jul, 2013 12:00am

Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday, following gains in US soybean futures, traders said. Light farmer selling added further support to the front-month contract, while gains in new-crop months were limited by good conditions for growth of the re

Published 05 Jul, 2013 12:00am

Mixed patterns on grain market

Prices moved both ways on the wholesale grain market on Thursday in the process of modest trading, dealers said. On the grams side, grams Australia No was higher by Rs 200 to Rs 5200-5500 and grams Australia No 2 also picked up same amount to Rs 5000-5300

Published 05 Jul, 2013 12:00am

US Midwest corn, soya bids firmer

Spot basis bids for corn and soyabeans were firm at US Midwest river terminals on Wednesday, bolstered by the continued light offerings from farmers and as barge freight costs were steady to lower, grain merchants said. Bids for the crops also had a mostl

Published 05 Jul, 2013 12:00am

Bangladesh tea prices fall

Tea prices in Bangladesh fell sharply at a weekly auction on Tuesday on weak demand from local buyers, brokers said. The average price of Bangladeshi tea was lower at 255.14 taka ($3.3)per kg, compared with 275.62 taka at the previous auction, an official

Published 05 Jul, 2013 12:00am

EU wheat prices rise on Chinese purchases

Wheat prices in western Europe rose on Wednesday, buoyed mainly by reports that China had bought large quantities of wheat from Australia and the United States, and talk it could import more after rains damaged its domestic crop. November milling wheat wa

Published 05 Jul, 2013 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 108,711 tonnes of cargo comprising 65,942 tonnes of import cargo and 42,769 tonnes of export cargo including 7,473 loaded and empty containers during the last 24 hours ended at 0700 hours on Thursday. The total import cargo of 65,

Published 05 Jul, 2013 12:00am

Oil cake market rates

Easier trend was seen on the forward cottonseeds oilcake market on Thursday in process of trading, dealers said. The July vaida closed at Rs 998.40 and it shed its overnight gains of 30 paisa at 998.10, they said. The December contract closed at Rs 949.80

Published 05 Jul, 2013 12:00am

Fresh rains in lower Sindh may curtail Phutti arrivals

Arrivals of seed cotton in lower Sindh likely to be curtailed after fresh rains on Thursday, dealers said on the cotton market. The official spot rate was higher by 100 to Rs 6,400, they said. In the ready business, prices were steady as around 10,000 bal

Published 05 Jul, 2013 12:00am

New cotton crop gaining tons of attention

The new cotton crop (August 2013 - July 2014) in Pakistan has started arriving into the ginneries since the past few weeks but the arrivals have gained momentum since the beginning of this month. Though the arrivals are not very large, but they are achiev

Published 05 Jul, 2013 12:00am

New cotton crop gaining tons of attention

Published 05 Jul, 2013 12:00am

Cheap Detroit homes are costly for communities, unwary buyers

The solid red brick house on a block of similar homes in Northwest Detroit sounds like a steal at $3,728. But in many ways, it's a lemon. The house, sold at an auction last fall, sits at the edge of Detroit's infamous urban blight. And scrap thieves, or "

Published 05 Jul, 2013 12:00am

Croatian court says eight banks over-charged on loans

A Croatian court ordered eight commercial banks on Thursday to recalculate loans indexed in Swiss francs in the national kuna currency at a fixed interest rate, saying they had overcharged loanholders. Four of the banks said they would appeal against the

Published 05 Jul, 2013 12:00am

Brazil magnate Batista quits as chairman of troubled MPX

Embattled energy magnate Eike Batista, once Brazil's richest man, has quit as chairman of the troubled power generation company MPX he founded in 2001, MPX said Thursday. The Rio-based company said in a statement that its board of directors Wednesday also

Published 05 Jul, 2013 12:00am

ICAP executive seen linked to LIBOR scandal

A senior executive at British brokerage firm ICAP PLC knew of an arrangement with UBS AG that US and British regulators allege was part of a scheme to manipulate benchmark interest rates, according to the Wall Street Journal, which cited sources familiar

Published 05 Jul, 2013 12:00am

ICAP executive seen linked to LIBOR scandal

Published 05 Jul, 2013 12:00am

BoJ Kuroda upbeat on economy, 'Abenomics' effect broadening

Bank of Japan Governor Haruhiko Kuroda claimed some success for the central bank's aggressive monetary stimulus on Thursday, saying that the economy is on track to a steady recovery with signs inflation expectations are picking up. Speaking at a quarterly

Published 05 Jul, 2013 12:00am

Germany, Spain sign credit deal for businesses

Germany and Spain signed an agreement Thursday to boost access to affordable credit for small and medium enterprises in the recession-hit southern European country. In a bid to foster growth and create jobs, Germany's KfW public-sector bank would loan 800

Published 05 Jul, 2013 12:00am

Accord reached to save Portuguese government coalition

Portugal's centre-right government coalition on Thursday averted its break-up in a dispute over austerity policies after finding "a formula" that secures its survival, Prime Minister Pedro Passos Coelho said. "A formula has been found that will secure the

Published 05 Jul, 2013 12:00am

British Airways gets first Airbus A380 in fleet upgrade

British Airways welcomed its first Airbus A380 jet, the world's biggest commercial aircraft, part of a $15 billion upgrade to top-of-the-range planes that will help cut fuel bills and give the airline a boost in the lucrative long-haul business travel mar

Published 05 Jul, 2013 12:00am

Bank of England begins new Carney era with rate hint

The Bank of England on Thursday hinted that it was unlikely to lift record-low borrowing costs any time soon after wrapping up the first policy meeting led by its new governor, Canadian Mark Carney. The BoE's nine committee members, including Carney, vote

Published 05 Jul, 2013 12:00am

Global firms cut China baby formula prices amid probe

Two global food giants facing a Chinese government probe over alleged price-fixing of baby formula have said they are cutting prices in the world's largest market for the product. A spokeswoman for France's Danone told AFP on Thursday that its Dumex subsi

Published 05 Jul, 2013 12:00am

Koreas agree to hold talks on joint zone

North and South Korea agreed Thursday to hold talks about reopening a jointly-run industrial estate which had shut down amid high military tensions. The agreement follows months of friction and threats of war by Pyongyang, after its February nuclear test

Published 05 Jul, 2013 12:00am

Euro can resist political turmoil: German minister

German Finance Minister Wolfgang Schaeuble dismissed fears that the euro zone crisis might be starting up again amid political turmoil in Portugal and pressure on Greece, saying on Thursday that the euro could withstand such issues in individual states.

Published 05 Jul, 2013 12:00am

Global food prices fall, crop prospects improve

Global food prices fell 1 percent in June due to improving supply prospects, the United Nations' food agency said on Thursday, raising forecasts for wheat and maize output in the new season. Food prices spiked during the summer of 2012 due to a historic d

Published 05 Jul, 2013 12:00am

Indian shares gain over one percent

Indian shares rose more than 1 percent on Thursday, recovering from two sessions of falls, as ITC surged following reports of a price hike for one of its cigarette brands, while bluechips such as Tata Motors recovered from previous declines. The bounce-ba

Published 05 Jul, 2013 12:00am

US markets closed

US stocks, financial and commodity markets were closed on Thursday in observance of the US Independence Day holiday. The markets will resume trading on Friday.

Published 05 Jul, 2013 12:00am

Egyptian shares surge 7.3 percent; banks boost Saudi index

Egyptian shares posted their largest one-day percentage gain in more than a year on Thursday after the army ousted former president Mohamed Morsi and an interim president was sworn in. Cairo's index rose 7.3 percent, trimming its year-to-date losses to 2.

Published 05 Jul, 2013 12:00am

Southeast Asian markets: late selling hits Thai stocks

Thai stocks closed at their lowest in more than one week on Thursday due to late selling in banking shares and market large caps such as Kasikornbank Pcl and Siam Cement Pcl while others in the region ended off the day's highs. Bangkok's SET index fell 0.

Published 05 Jul, 2013 12:00am

Tokyo stocks slip

Tokyo stocks slipped 0.26 percent in subdued trade on Thursday ahead of the Independence Day holiday in the United States while a slightly stronger yen also added to selling pressure. The benchmark Nikkei 225 index closed down 36.63 points to 14,018.93, w

Published 05 Jul, 2013 12:00am

Wall Street posts modest gains

US stocks ended slightly higher in a volatile half-day session on Wednesday as traders squared positions before the holiday and Friday's job market data. The three major US stock indexes seesawed on thin trading volume, with some market participants alrea

Published 05 Jul, 2013 12:00am

Taiwan stocks fall

Taiwan stocks fell 0.2 percent on Thursday, with smartphone maker HTC Corp extending a recent slump on concerns over its quarterly results and outlook for the second half. The main TAIEX index, falling for a fourth straight day, ended down at 7,893.72. El

Published 05 Jul, 2013 12:00am

Treasuries flat

US Treasuries prices were flat to slightly lower on Wednesday in an abbreviated pre-holiday trading session, the last one before the release of the key US employment report. The US debt market will close early at 2 pm (1800 GMT) on Wednesday and remain cl

Published 05 Jul, 2013 12:00am

Treasuries flat

Published 05 Jul, 2013 12:00am

Australian shares rebound, financials buoy market

Australian shares rebounded 1.1 percent on Thursday, as Wall Street had modest gains overnight and higher metals prices underpinned mining stocks, but political turmoil in Portugal and concerns on China growth pared early gains. The S&P/ASX 200 index clim

Published 05 Jul, 2013 12:00am

European stocks rally on ECB, BoE stimulus pledges

European stocks posted their biggest one-day jump in 11 months on Thursday after central banks in Britain and the euro zone signalled that, unlike the United States, they are in no hurry to unwind stimulus. The Bank of England, under new governor Mark Car

Published 05 Jul, 2013 12:00am

Seoul shares gain

South Korean shares ended 0.8 percent higher on Thursday, helped by firm gains in telecommunication issues and crude oil refiners including SK Innovation Co Ltd and KT Corp. Hyundai Merchant Marine Co Ltd and Romanson Co Ltd, which stand to benefit from i

Published 05 Jul, 2013 12:00am

Hong Kong, China shares up

Hong Kong shares climbed 1.60 percent Thursday following more strong jobs figures from the United States and thanks to bargain buying after the index suffered a sell-off in the previous session. The benchmark Hang Seng Index added 321.36 points to end at

Published 05 Jul, 2013 12:00am

Central bank guidance propels FTSE to one-month highs

Britain's top share index posted its biggest gain for 20 months on Thursday, boosted by cyclical financial, oil and mining stocks after the Bank of England and the European Central Bank signalled extended periods of monetary stimulus. Both central banks l

Published 05 Jul, 2013 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.75-77.76 (77.76-77.80). Call Money Rates: 06.75-07.00 percent (previous 05.50-07.50 percent.

Published 05 Jul, 2013 12:00am

Indian rupee edges up

The Indian rupee eked out minor gains on Thursday, snapping three sessions of losses, but sentiment was dented after the Reserve Bank of India chief said the bank would not defend any particular exchange rate, which dealers read as likely absence of any h

Published 05 Jul, 2013 12:00am

Dollar holds five-week high versus basket of currencies

The dollar held near a five-week high against a basket of currencies on Thursday, steadying as investors looked to a string of potentially market-moving events, including the European Central Bank's policy review and US payrolls report. Political instabil

Published 05 Jul, 2013 12:00am

Euro falls versus dollar after Draghi's guidance

The euro fell to a five-week low against the dollar on Thursday after the European Central Bank chief flagged downside risks to euro zone growth prospects and said interest rates could be lowered. The euro fell to $1.2883, down 1 percent, after ECB Presid

Published 05 Jul, 2013 12:00am

Yen rises broadly

The safe-haven yen rose against a swath of currencies on Wednesday as investors sought its refuge due to political instability in Egypt and Portugal, although encouraging signs in the US labour market had it curbing gains against the dollar. Japan's curre

Published 05 Jul, 2013 12:00am

Swiss franc falls versus euro

The Swiss franc was weaker against the euro and the dollar on Thursday in thin trading ahead of the European Central bank's policy review and with US markets closed for a holiday, while traders also awaited Friday's US payrolls report. The franc fell 0.3

Published 05 Jul, 2013 12:00am

Yuan rises

China's yuan rose on Thursday, following stronger guidance from the central bank after the dollar fell in overnight trade on policy jitters. The dollar index slid overnight as investors trimmed back long positions in the run up to the US July 4 holiday an

Published 05 Jul, 2013 12:00am

Taiwan dollar, won soar

The Taiwan dollar and the South Korean won rose on exporter demand, leading gains among emerging Asian currencies on Thursday, although caution over impending US jobs data and worries about political turmoil in Portugal capped their gains. Investors also

Published 05 Jul, 2013 12:00am

Sterling plunges

Sterling plunged and UK stocks and government bonds rose on Thursday after the Bank of England surprised markets by voicing concern that rising gilt yields were not warranted by the state of the British economy. While the BoE kept interest rates and the e

Published 05 Jul, 2013 12:00am

Australian dollar pares losses

The Australian dollar pared a little of its recent hefty losses on Thursday after the country's central bank said markets had misinterpreted remarks about its latest policy meeting, leading investors to lengthen the odds on a rate cut. The Aussie popped u

Published 05 Jul, 2013 12:00am

India face motivation, fitness test

India face a test of motivation and fitness against the West Indies in a must-win fixture for the World Cup holders as the Tri-Nation Series resumes on Friday at the Queen's Park Oval in Port of Spain. India are still smarting from the 161-run hammering a

Published 05 Jul, 2013 12:00am

Germans admit doubts about World Cup base

Team manager Oliver Bierhoff has admitted the Germans have doubts about their base for the 2014 World Cup in Brazil with the travel distances and differing climates the main issues for the German Football Federation (DFB) to tackle. Bierhoff and Germany c

Published 05 Jul, 2013 12:00am

China bags sprint golds at Asian meet

China's Su Bingtian and Wei Yongli emerged the fastest runners at the Asian athletics championships in Pune with emphatic wins in Thursday's 100m finals. Su retained the men's title he won two years ago, finishing in 10.17 seconds which was slower than th

Published 05 Jul, 2013 12:00am

Smiling Lisicki, sleepy Bartoli in Wimbledon final

Sabine Lisicki, the smiling darling of Centre Court, and eccentric Marion Bartoli, who happily slept away the minutes leading up to her semi-final, set up an unlikely Wimbledon final on Thursday. Lisicki, the 23rd seed, became the first German woman since

Published 05 Jul, 2013 12:00am

Ashes to 'define' Australia: Martyn

Damien Martyn said Thursday that the upcoming back-to-back Ashes series against England represent a "defining moment" for Australia and especially all-rounder Shane Watson. Australia begin their bid to regain the urn from arch-rivals England when the firs

Published 05 Jul, 2013 12:00am

FIFA suspends Cameroon, docks points from Togo

FIFA on Thursday banned Cameroon from international competition due to state meddling in their football association, meaning they fail to gain from a decision to dock rivals Togo three points for fielding a suspended player in their World Cup campaign. In

Published 05 Jul, 2013 12:00am

Ufone Kids Golf Clinic concludes

Ufone, the most popular telecom company of Pakistan, recently launched its Golf-Kids Clinic in Karachi. Through this initiative children were given an opportunity to avail training and be coached by top-ranked players in the country. The two-day event con

Published 05 Jul, 2013 12:00am

Impey makes Tour history

Daryl Impey made Tour de France history on Thursday by becoming the first African to take possession of the Tour de France yellow jersey. Germany's Andre Greipel, of Lotto, dominated a bunch sprint to win the sixth stage of the race, held over 176.5 km be

Published 05 Jul, 2013 12:00am

South Africa rest Steyn for Sri Lanka tour

Star South African fast bowler Dale Steyn was excluded from two national squads Thursday for an 18-day tour of Sri Lanka. The Proteas play five one-day internationals and three Twenty20 matches between July 20 and August 6 in capital city Colombo, Kandy a

Published 05 Jul, 2013 12:00am

Iqbal Qasim quits as chief selector

Chairman National Selection Committee Iqbal Qasim on Thursday tendered his resignation, a day after choosing the national cricket team for the upcoming tour of West Indies. The acting Chairman PCB, Najam Sethi, has accepted the resignation of Iqbal Qasim,

Published 05 Jul, 2013 12:00am

Kosovo Serbs create rogue assembly

Kosovo's Serb minority Thursday unilaterally founded a regional assembly to protest against steps by Belgrade recognising the breakaway Pristina government. The move challenges an April 19 deal brokered by the European Union which forces Serbia to normali

Published 05 Jul, 2013 12:00am

Canada, China to boost air links as accord reached

Canada and China have reached an agreement aimed at boosting air transport links between the two countries, the Canadian government announced here Thursday. The agreement will see an increase in flights between a greater number of destination cities in bo

Published 05 Jul, 2013 12:00am

EU-US security talks on spy row set Monday in Washington

European security types are set to meet their US counterparts in Washington next week as European Union nations, incensed by reports of US snooping, link negotiations on a mega EU-US trade deal to holding parallel talks the same day on intelligence-swoppi

Published 05 Jul, 2013 12:00am

Doctors advised family to unplug Mandela's life support

Doctors treating Nelson Mandela said he was in a "permanent vegetative state" and advised his family to turn off his life support machine a week ago, court documents showed Thursday. The June 26 court filing, obtained by AFP, shows for the first time just

Published 05 Jul, 2013 12:00am

France rejects Snowden asylum request

France said on Thursday it was rejecting a request for asylum from fugitive US intelligence leaker Edward Snowden. "Like many countries, France received a request for asylum from Mr Edward Snowden through its embassy in Moscow. Given the legal analysis an

Published 05 Jul, 2013 12:00am

Russia blocks UN appeal on access to Syria siege city

Russia on Thursday blocked a UN Security Council demand that Syria allow immediate access to thousands of civilians trapped by a government offensive on the city of Homs, diplomats said. Diplomats said Russia's opposition to the statement proposed by coun

Published 05 Jul, 2013 12:00am

Aid worker killed in Darfur

An aid worker was killed on Thursday during fighting in the largest city of Sudan's troubled Darfur region, a humanitarian source told AFP. "One killed and three (wounded)," said the source, adding that the wounded were receiving treatment at the African

Published 05 Jul, 2013 12:00am

Sarkozy quits top French body over poll expenses rejection

Former president Nicolas Sarkozy on Thursday resigned from France's top constitutional body after it upheld a decision that he had breached official spending limits during last year's election campaign. After a decision that threatened to throw the main o

Published 05 Jul, 2013 12:00am

Female Afghan police officer shot dead

Gunmen on Thursday shot dead one of the most high-profile female police officers in Afghanistan, underlining the threat to women who take on public roles in the country. Lieutenant Islam Bibi was a well-known face of female advancement, but admitted to re

Published 05 Jul, 2013 12:00am

Hollande urges democratic processin Egypt

French President Francois Hollande said on Thursday that everything must be done to restore the democratic process in Egypt, on a visit to Tunisia, where he encouraged the Islamist-ruled country and birthplace of the Arab Spring during its chaotic transit

Published 05 Jul, 2013 12:00am

Zimbabwe top court upholds July 31 election date

Elections to choose a new government in Zimbabwe will go ahead on July 31, the disputed date originally set by President Robert Mugabe, the country's top court ruled on Thursday. The court dismissed requests by both Mugabe and his nemesis Prime Minister M

Published 05 Jul, 2013 12:00am

Statue of Liberty reopens to visitors

The Statue of Liberty finally reopened to visitors Thursday, on the July 4 national holiday, months after Superstorm Sandy slammed into New York, causing extensive damage to the landmark. Some tourists rose at dawn to be among the first to visit Lady Libe

Published 05 Jul, 2013 12:00am

Tokyo rubber futures higher

Tokyo rubber futures ended higher on Thursday on speculative buying but gains were still capped by thin trading as investors waited for the US payrolls data on Friday, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for Decembe

Published 05 Jul, 2013 12:00am

ICE cotton futures up on fund buying

ICE cotton gained on Wednesday in light trading, recovering the previous session's losses on renewed fund buying. The most-active December cotton contract on ICE Futures US closed up 1.02 cent, or 1.2 percent, at 85.74 cents a lb. Fund buying lifted cotto

Published 05 Jul, 2013 12:00am

Shanghai copper slips

The most-traded October copper contract on the Shanghai Futures Exchange reversed early gains to drop by 0.22 percent to 50,130 yuan ($8,200) a tonne on Thursday as traders took to the sidelines ahead of a key US jobs report, dousing a rally fuelled by sh

Published 05 Jul, 2013 12:00am

Copper declines

Copper slipped on Thursday from the previous session's two-week highs, under pressure from a stronger dollar and easing concerns over supply tightness. The euro fell to a five-week low against the dollar after the European Central Bank chief flagged downs

Published 05 Jul, 2013 12:00am

Oil dips towards $105 as supply concerns ease

Oil slipped towards $105 a barrel on Thursday after Egypt's army ousted its president, helping to ease concerns over the threat of supply disruption in the Middle East. The Suez Canal, a vital waterway for oil shipments, was not affected by the recent unr

Published 05 Jul, 2013 12:00am

Palm oil rises

Malaysian palm oil futures inched higher on Thursday, spurred by early gains in China's soy markets and investor optimism for stocks in the world's No 2 producer to shrink for a sixth straight month. But prices stayed in a tight range between 2,366 ringgi

Published 05 Jul, 2013 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 05 Jul, 2013 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 05 Jul, 2013 12:00am

Wheat up one percent as China buys US, Australian wheat

US wheat rose over 1 percent on Wednesday posting its best advance in two weeks on reports that China bought large quantities of wheat from Australia and the United States. Wheat also traded higher on a bargain buying spree after a series of eight consecu

Published 05 Jul, 2013 12:00am

Liffe sugar dips, cocoa extends gains

Liffe white sugar futures eased and cocoa extended gains on Thursday, with volumes expected to be thin as US softs markets were shut for the Independence Day holiday. Liffe robusta coffee was steady, with a focus on producer selling from Indonesia. Ample

Published 05 Jul, 2013 12:00am

Thailand reverses rice price cut

Thailand's premier Tuesday reversed a decision to cut the price it gives farmers for rice, a fortnight after stoking anger from its rural heartlands by announcing a 20 percent reduction in the fee. The so-called rice-pledging scheme has dogged the governm

Published 05 Jul, 2013 12:00am

Gold rises in New York

Gold rose almost one percent on Wednesday, as the dollar remained under pressure after mixed US data and political turmoil in Egypt and Portugal triggered safe haven buying. Volumes thinned as traders were reluctant to take big positions ahead of the US I

Published 05 Jul, 2013 12:00am

US MIDDAY: gold climbs in Asia

Gold edged higher for a second session on Thursday as worries over Europe and Egypt prompted safe-haven buying, but the mood remained cautious ahead of US jobs data that could determine the outlook for the Federal Reserve's stimulus measures. Bullion has

Published 05 Jul, 2013 12:00am

US MIDDAY: gold dips in Europe

Gold eased on Thursday after European Central Bank chief Mario Draghi signalled it could cut interest rates further, pressuring the euro against the dollar, but moves were muted ahead of US jobs data. Volumes were thinned by traders' reluctance to take bi

Published 05 Jul, 2013 12:00am

NITL announces annual results of all Funds

National Investment Trust Limited (NITL), the first and largest Asset Management Company of Pakistan has declared results for all Funds under its management for the year ended June 30, 2013. This was stated by Acting Managing Director - NIT, Manzoor Ahmed

Published 05 Jul, 2013 12:00am

NITL announces annual results of all Funds

Published 05 Jul, 2013 12:00am

JWT, EFU join hands in life insurance

JWT Pakistan and EFU Life Assurance Ltd have joined hands to reinvent the face of Life Insurance in Pakistan. EFU Life is the largest private sector life insurance company with a rich 20 year history of leading the insurance industry of Pakistan. The comp

Published 05 Jul, 2013 12:00am

JWT, EFU join hands in life insurance

Published 05 Jul, 2013 12:00am

CNG supply resumes after two-day closure

Very long queues of vehicles have been witnessed at CNG filling stations on Thursday afternoon. The CNG supply was restored after remaining suspended for two days at 2pm. To avail the opportunity, people started to get into the queues since midday to get

Published 05 Jul, 2013 12:00am

Improper storage facilities causing huge losses

Pakistan loses billions of rupees every year due to unsuitable or irregular storage facilities in the country - a glaring example being that of 2010-11 floods when about three million tons of grain was destroyed and country suffered a loss of US $3.27 bil

Published 05 Jul, 2013 12:00am

Samba's entity ratings reaffirmed

JCR-VIS Credit Rating Company Ltd has reaffirmed the medium to long-term entity ratings of Samba Bank Limited (SBL) at 'AA-' (AA minus) and its short-term rating at 'A-1' (A-One). Outlook on the assigned ratings is 'stable'. These short and long-term rati

Published 05 Jul, 2013 12:00am

Samba's entity ratings reaffirmed

Published 05 Jul, 2013 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.77
USD to Swiss Franc / Dec 20	0.90
Pound Sterling to USD / Dec 20	1.25
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 19	5,881.33
Nasdaq / Dec 19	19,394.44
Dow Jones / Dec 19	42,466.83
India Sensex / Dec 20	78,453.17
Tokyo Nikkei / Dec 20	38,701.90
Hang Seng / Dec 20	19,758.91
FTSE 100 / Dec 20	8,045
Germany DAX 30 / Dec 20	19,759.90

Item	Value
Gold 10 Grams PKR / Dec 19	234,311
Crude Oil USD/Barrel / Dec 20	68.96
Karachi Cotton PKR/37.32 KG / Dec 20	17,585
Gold Spot USD/Ounce / Dec 20	2,606.98
Cotton US¢/pound / Dec 20	68.15
Petrol/Litre / Dec 21	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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