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Print - 2014-03-08
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
Weekly SPI inflation soars by 10.29 percent

Weekly SPI inflation soars by 10.29 percent

The weekly Sensitive Price Indicator (SPI) inflation surged by 10.29 percent during the week ended on March 6, 2014, reflecting an increase in prices of essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
Published 08 Mar, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
Weekly SPI inflation soars by 10.29 percent

Weekly SPI inflation soars by 10.29 percent

The weekly Sensitive Price Indicator (SPI) inflation surged by 10.29 percent during the week ended on March 6, 2014, reflecting an increase in prices of essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
Published 08 Mar, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
Weekly SPI inflation soars by 10.29 percent

Weekly SPI inflation soars by 10.29 percent

The weekly Sensitive Price Indicator (SPI) inflation surged by 10.29 percent during the week ended on March 6, 2014, reflecting an increase in prices of essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
Published 08 Mar, 2014 12:00am
Fatima Bhutto nominated for fiction prize

Fatima Bhutto nominated for fiction prize

Fatima Bhutto, the niece of assassinated Pakistani former prime minister Benazir Bhutto, has been nominated for the Women's Prize for Fiction, the judges announced Friday. Bhutto is among 20 women on the long list for the award, which was formerly known a
Published 08 Mar, 2014 12:00am
Fatima Bhutto nominated for fiction prize

Fatima Bhutto nominated for fiction prize

Fatima Bhutto, the niece of assassinated Pakistani former prime minister Benazir Bhutto, has been nominated for the Women's Prize for Fiction, the judges announced Friday. Bhutto is among 20 women on the long list for the award, which was formerly known a
Published 08 Mar, 2014 12:00am
THE RUPEE: dollar under pressure

THE RUPEE: dollar under pressure

The dollar remained under pressure versus the rupee due to heavy selling by investors, dealers said on Friday. Within last couple of sessions, the rupee recovered Rs 2 approximately in relation to the dollar and it may gain further as market receives near
Published 08 Mar, 2014 12:00am
ICC convicts DR Congo militia boss

ICC convicts DR Congo militia boss

The International Criminal Court on Friday convicted Congolese ex-militia boss Germain Katanga of war crimes for arming an ethnic militia that carried out a 2003 village massacre with guns and machetes.
Published 08 Mar, 2014 12:00am
THE RUPEE: dollar under pressure

THE RUPEE: dollar under pressure

The dollar remained under pressure versus the rupee due to heavy selling by investors, dealers said on Friday. Within last couple of sessions, the rupee recovered Rs 2 approximately in relation to the dollar and it may gain further as market receives near
Published 08 Mar, 2014 12:00am
ICC convicts DR Congo militia boss

ICC convicts DR Congo militia boss

The International Criminal Court on Friday convicted Congolese ex-militia boss Germain Katanga of war crimes for arming an ethnic militia that carried out a 2003 village massacre with guns and machetes.
Published 08 Mar, 2014 12:00am
Sugar procurement: TCP paid Rs five billion to 54 mills last month

Sugar procurement: TCP paid Rs five billion to 54 mills last month

The Trading Corporation of Pakistan (TCP) disbursed some Rs 5 billion in February 2014 among 54 mills against the procured sugar to ease their financial woes. Sources told Business Recorder on Friday that after taking physical charge of the procure
Published 08 Mar, 2014 12:00am
Sugar procurement: TCP paid Rs five billion to 54 mills last month

Sugar procurement: TCP paid Rs five billion to 54 mills last month

The Trading Corporation of Pakistan (TCP) disbursed some Rs 5 billion in February 2014 among 54 mills against the procured sugar to ease their financial woes. Sources told Business Recorder on Friday that after taking physical charge of the procure
Published 08 Mar, 2014 12:00am
Sugar procurement: TCP paid Rs five billion to 54 mills last month

Sugar procurement: TCP paid Rs five billion to 54 mills last month

The Trading Corporation of Pakistan (TCP) disbursed some Rs 5 billion in February 2014 among 54 mills against the procured sugar to ease their financial woes. Sources told Business Recorder on Friday that after taking physical charge of the procure
Published 08 Mar, 2014 12:00am
Karzai welcomes third child at age of 56

Karzai welcomes third child at age of 56

Afghan President Hamid Karzai has become a father again at the age of 56 after his wife gave birth to their third child in India, according to an embassy statement sent to AFP on Friday. A baby girl was delivered at a private hospital in the New Delhi sat
Published 08 Mar, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
Karzai welcomes third child at age of 56

Karzai welcomes third child at age of 56

Afghan President Hamid Karzai has become a father again at the age of 56 after his wife gave birth to their third child in India, according to an embassy statement sent to AFP on Friday. A baby girl was delivered at a private hospital in the New Delhi sat
Published 08 Mar, 2014 12:00am
Malaysian leader Anwar's acquittal overturned

Malaysian leader Anwar's acquittal overturned

Malaysian opposition leader Anwar Ibrahim had his acquittal for sodomy overturned Friday, in a fresh threat to the remarkable career of a charismatic politician who helped turn around the country's once-hapless opposition. A Court of Appeals panel upheld
Published 08 Mar, 2014 12:00am
Malaysian leader Anwar's acquittal overturned

Malaysian leader Anwar's acquittal overturned

Malaysian opposition leader Anwar Ibrahim had his acquittal for sodomy overturned Friday, in a fresh threat to the remarkable career of a charismatic politician who helped turn around the country's once-hapless opposition. A Court of Appeals panel upheld
Published 08 Mar, 2014 12:00am
January gas output falls to 3,742 mmcfd: MoF informs ECC

January gas output falls to 3,742 mmcfd: MoF informs ECC

The finance ministry has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that gas output fell by 4.1 percent in January 2014 over the same month last fiscal year, it is learnt. Sources said the statistics presented to the ECC
Published 08 Mar, 2014 12:00am
January gas output falls to 3,742 mmcfd: MoF informs ECC

January gas output falls to 3,742 mmcfd: MoF informs ECC

The finance ministry has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that gas output fell by 4.1 percent in January 2014 over the same month last fiscal year, it is learnt. Sources said the statistics presented to the ECC
Published 08 Mar, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Mar, 2014 12:00am
January gas output falls to 3,742 mmcfd: MoF informs ECC

January gas output falls to 3,742 mmcfd: MoF informs ECC

The finance ministry has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that gas output fell by 4.1 percent in January 2014 over the same month last fiscal year, it is learnt. Sources said the statistics presented to the ECC
Published 08 Mar, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Mar, 2014 12:00am
Sri Lanka to acquire Pakistani shipping services: Michael

Sri Lanka to acquire Pakistani shipping services: Michael

Sri Lanka is to sign an agreement with Pakistan, next month, to acquire the country''s national shipping line''s services for its all seaborne trade, said Ports and Shipping Minister, Kamran Michael. "Sri Lankan government has formally approached the gove
Published 08 Mar, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 08 Mar, 2014 12:00am
Sri Lanka to acquire Pakistani shipping services: Michael

Sri Lanka to acquire Pakistani shipping services: Michael

Sri Lanka is to sign an agreement with Pakistan, next month, to acquire the country's national shipping line's services for its all seaborne trade, said Ports and Shipping Minister, Kamran Michael. "Sri Lankan government has formally approached the govern
Published 08 Mar, 2014 12:00am
Sri Lanka to acquire Pakistani shipping services: Michael

Sri Lanka to acquire Pakistani shipping services: Michael

Sri Lanka is to sign an agreement with Pakistan, next month, to acquire the country's national shipping line's services for its all seaborne trade, said Ports and Shipping Minister, Kamran Michael. "Sri Lankan government has formally approached the govern
Published 08 Mar, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Mar, 2014 12:00am
Judge Rafaqat's killing: Conflicting accounts add to confusion

Judge Rafaqat's killing: Conflicting accounts add to confusion

Conflicting statements from police and the medical board that conducted the post-mortem of Additional Session Judge Rafaqat Awan have fuelled confusion as to who actually shot the Judge during a terrorist attack on Islamabad's district and sessions courts
Published 08 Mar, 2014 12:00am
Judge Rafaqat's killing: Conflicting accounts add to confusion

Judge Rafaqat's killing: Conflicting accounts add to confusion

Conflicting statements from police and the medical board that conducted the post-mortem of Additional Session Judge Rafaqat Awan have fuelled confusion as to who actually shot the Judge during a terrorist attack on Islamabad's district and sessions courts
Published 08 Mar, 2014 12:00am
LSE index down by 1.93 points

LSE index down by 1.93 points

Equities moved both the ways but finally closed in negative column at the Lahore Stock Exchange (LSE) amid descending transaction volume on Friday. The LSE-25 index declined by 01.93 points and was closed at 5020.33 points against 5022.26 points of Thursd
Published 08 Mar, 2014 12:00am
LSE index down by 1.93 points

LSE index down by 1.93 points

Equities moved both the ways but finally closed in negative column at the Lahore Stock Exchange (LSE) amid descending transaction volume on Friday. The LSE-25 index declined by 01.93 points and was closed at 5020.33 points against 5022.26 points of Thursd
Published 08 Mar, 2014 12:00am
ISE index up by 10.09 points

ISE index up by 10.09 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 10.09 points as the ISE Ten
Published 08 Mar, 2014 12:00am
ISE index up by 10.09 points

ISE index up by 10.09 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 10.09 points as the ISE Ten
Published 08 Mar, 2014 12:00am
SECP undertakes strict monitoring of corporate sector

SECP undertakes strict monitoring of corporate sector

Securities and Exchange Commission of Pakistan (SECP) Chairman Tahir Mahmood on Friday said the SECP has been remaking its Standard Operating Procedures (SOPs) and procedures to ease the regulatory compliance. He was addressing a joint press conference he
Published 08 Mar, 2014 12:00am
Dar chairs meeting to roll out budget preparations

Dar chairs meeting to roll out budget preparations

Finance Minister Ishaq Dar on Friday chaired a meeting to roll out the preparations for next year's budget. Finance Secretary Dr Waqar Masood made a detailed presentation on the budget. Dar expressed satisfaction over fiscal results for the first eight mo
Published 08 Mar, 2014 12:00am
Treason trial: another setback for Musharraf as court rejects pleas

Treason trial: another setback for Musharraf as court rejects pleas

The Special Court trying former President and army chief Pervez Musharraf for high treason on Friday turned down pleas of the accused challenging its jurisdiction and judges' alleged bias. The court had reserved judgement on February 18 after the defence
Published 08 Mar, 2014 12:00am
Treason trial: another setback for Musharraf as court rejects pleas

Treason trial: another setback for Musharraf as court rejects pleas

The Special Court trying former President and army chief Pervez Musharraf for high treason on Friday turned down pleas of the accused challenging its jurisdiction and judges' alleged bias. The court had reserved judgement on February 18 after the defence
Published 08 Mar, 2014 12:00am
Don't include army in Taliban talks: Khurshid

Don't include army in Taliban talks: Khurshid

While speaking in the National Assembly, Leader of the Opposition Syed Khurshid Shah urged the government Friday not to include army in the dialogue process with Taliban. "If the talks with the Taliban fail to yield any result, the burden of failure will
Published 08 Mar, 2014 12:00am
Don't include army in Taliban talks: Khurshid

Don't include army in Taliban talks: Khurshid

While speaking in the National Assembly, Leader of the Opposition Syed Khurshid Shah urged the government Friday not to include army in the dialogue process with Taliban. "If the talks with the Taliban fail to yield any result, the burden of failure will
Published 08 Mar, 2014 12:00am
'No final decision on army'

'No final decision on army'

Defence Minister Khawaja Asif on Friday said a final decision has not been taken to include the army in the dialogue process with the Taliban. In an interview with a TV channel, Asif said the entire government machinery including the army is available for
Published 08 Mar, 2014 12:00am
'No final decision on army'

'No final decision on army'

Defence Minister Khawaja Asif on Friday said a final decision has not been taken to include the army in the dialogue process with the Taliban. In an interview with a TV channel, Asif said the entire government machinery including the army is available for
Published 08 Mar, 2014 12:00am
We're ready for operation if talks fail: Asif

We're ready for operation if talks fail: Asif

The defence minister said on Friday the government was committed to bringing peace through dialogue with the Taliban but warned a military operation could be launched if talks failed. The government announced on Thursday it was setting up a new committee
Published 08 Mar, 2014 12:00am
We're ready for operation if talks fail: Asif

We're ready for operation if talks fail: Asif

The defence minister said on Friday the government was committed to bringing peace through dialogue with the Taliban but warned a military operation could be launched if talks failed. The government announced on Thursday it was setting up a new committee
Published 08 Mar, 2014 12:00am
Army discusses government approach to Taliban talks

Army discusses government approach to Taliban talks

The Corps Commanders reviewed the prevalent internal and external security situation in its 170th meeting headed by Chief of Army Staff (CoAS) General Raheel Sharif on Friday. Defence sources considered the meeting very important as it discussed governmen
Published 08 Mar, 2014 12:00am
Army discusses government approach to Taliban talks

Army discusses government approach to Taliban talks

The Corps Commanders reviewed the prevalent internal and external security situation in its 170th meeting headed by Chief of Army Staff (CoAS) General Raheel Sharif on Friday. Defence sources considered the meeting very important as it discussed governmen
Published 08 Mar, 2014 12:00am
BRIndex30 sheds 65.66 points

BRIndex30 sheds 65.66 points

On Friday, BRIndex30 opened at 16,150.08. It touched an intraday high of 16,232.20 and an intraday low of 16,030.13 and closed at 16,084.42, which was -65.66 points or -0.41 percent lower than previous close. Total volume was 141,757,200, which was 69.71
Published 08 Mar, 2014 12:00am
BRIndex30 sheds 65.66 points

BRIndex30 sheds 65.66 points

On Friday, BRIndex30 opened at 16,150.08. It touched an intraday high of 16,232.20 and an intraday low of 16,030.13 and closed at 16,084.42, which was -65.66 points or -0.41 percent lower than previous close. Total volume was 141,757,200, which was 69.71
Published 08 Mar, 2014 12:00am
Positive sentiment pervades KSE

Positive sentiment pervades KSE

A positive sentiment pervaded Karachi Stock Exchange where the benchmark 100-index gained 50 points to close at 26,892.23 points Friday up from 26,842.53 points Thursday. "After rising by over 4 percent in 5 consecutive sessions, overall consolidation was
Published 08 Mar, 2014 12:00am
Positive sentiment pervades KSE

Positive sentiment pervades KSE

A positive sentiment pervaded Karachi Stock Exchange where the benchmark 100-index gained 50 points to close at 26,892.23 points Friday up from 26,842.53 points Thursday. "After rising by over 4 percent in 5 consecutive sessions, overall consolidation was
Published 08 Mar, 2014 12:00am
Positive sentiment pervades KSE

Positive sentiment pervades KSE

A positive sentiment pervaded Karachi Stock Exchange where the benchmark 100-index gained 50 points to close at 26,892.23 points Friday up from 26,842.53 points Thursday. "After rising by over 4 percent in 5 consecutive sessions, overall consolidation was
Published 08 Mar, 2014 12:00am
Putin rebuffs Obama as Ukraine crisis escalates

Putin rebuffs Obama as Ukraine crisis escalates

President Vladimir Putin rebuffed a warning from US President Barack Obama over Moscow's military intervention in Crimea, saying on Friday that Russia could not ignore calls for help from Russian speakers in Ukraine. After an hour-long telephone call, Put
Published 08 Mar, 2014 12:00am
Putin rebuffs Obama as Ukraine crisis escalates

Putin rebuffs Obama as Ukraine crisis escalates

President Vladimir Putin rebuffed a warning from US President Barack Obama over Moscow's military intervention in Crimea, saying on Friday that Russia could not ignore calls for help from Russian speakers in Ukraine. After an hour-long telephone call, Put
Published 08 Mar, 2014 12:00am