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Print - 2014-10-17
Dollar plummets in Asia

Dollar plummets in Asia

The dollar was sharply lower on Thursday, its appeal deeply dented after poor US data added to growth concerns that sent equities tumbling and Treasury yields plunging. Already on shaky ground after being buffeted by growth concerns over the past few sess
Published 17 Oct, 2014 12:00am
Indian rupee tumbles

Indian rupee tumbles

The Indian rupee posted its biggest single-day loss in a month, hurt by data showing a widening trade deficit and a slump in local shares as part of a global market sell-off, but intervention from the central bank prevented steeper losses. The local unit
Published 17 Oct, 2014 12:00am
FTSE recovers on Fed hopes

FTSE recovers on Fed hopes

Britain's top equity index cut most of its daily losses to close just a shade lower on Thursday as a Federal Reserve official raised the idea of a continuation of the central bank's asset purchase programme. The FTSE 100 closed down just 0.3 percent at 6,
Published 17 Oct, 2014 12:00am
Southeast Asian markets: Malaysia at over 13-month low

Southeast Asian markets: Malaysia at over 13-month low

Malaysian stocks fell for a fifth session on Thursday to a more than 13-month low, while Singapore shares hit their lowest since March, led down by energy-related stocks as oil prices were hit by growing concerns over the global economy. Kuala Lumpur's co
Published 17 Oct, 2014 12:00am
Australian shares rebound

Australian shares rebound

Australian shares rebounded from a steep loss to finish 0.2 percent higher on Thursday as investors bought into recently battered financial stocks, though global growth concerns dented the resources sector and tempered gains. The S&P/ASX 200 index added 9
Published 17 Oct, 2014 12:00am
European shares trim losses

European shares trim losses

European equities trimmed their losses late on Thursday after hitting a 13-month low on concern that global growth is slowing, and US shares recovered following new releases of economic data and a Fed official's comments on bond purchases. US equities gai
Published 17 Oct, 2014 12:00am
Tokyo stocks drop 2.22 percent

Tokyo stocks drop 2.22 percent

Tokyo stocks on Thursday tumbled 2.22 percent to a near five-month low on a stronger yen following sell-offs in New York and Europe that were fuelled by fears about the global economy and the Ebola epidemic. The benchmark Nikkei 225 index at the Tokyo Sto
Published 17 Oct, 2014 12:00am
Indian shares fall tracking global markets

Indian shares fall tracking global markets

Indian shares fell for a second consecutive session on Thursday, as companies seen most exposed to the global economy such as Hindalco Industries and Sesa Sterlite declined tracking a downturn in global markets. Markets across the world remained weak on w
Published 17 Oct, 2014 12:00am
Treasuries jump

Treasuries jump

US Treasuries jumped on Wednesday, with 30-year bond prices touching a near two-year high as disappointing US economic data stung Wall Street and aggravated widening worries about a global slowdown. Prices of 30-year Treasuries rose more than 5 points to
Published 17 Oct, 2014 12:00am
Treasuries jump

Treasuries jump

US Treasuries jumped on Wednesday, with 30-year bond prices touching a near two-year high as disappointing US economic data stung Wall Street and aggravated widening worries about a global slowdown. Prices of 30-year Treasuries rose more than 5 points to
Published 17 Oct, 2014 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell in line with regional peers on Thursday, dropping 1.4 percent as foreign investors continued to offload holdings in heavweights including TSMC. As of 0140 GMT, the main TAIEX index had fallen to 8,535.58, extending its 1.3 percent loss
Published 17 Oct, 2014 12:00am
Major indexes end down, but well off session lows

Major indexes end down, but well off session lows

US stocks fell on Wednesday on continued worries about weak global demand, but managed to close well above session lows that briefly pushed the S&P 500 and Nasdaq into negative territory for the year. Small-caps and energy shares, which have been among th
Published 17 Oct, 2014 12:00am
Thursday's afternoon trade stocks inch higher

Thursday's afternoon trade stocks inch higher

US stocks edged higher in afternoon trading Thursday, rebounding from earlier declines, as a flurry of economic reports eased fears about the potential impact of a weakening global economy on the United States. If it closes higher, the Dow would break a f
Published 17 Oct, 2014 12:00am
Hong Kong, China shares fall

Hong Kong, China shares fall

Hong Kong shares sank 1.03 percent Thursday, in line with a regional sell-off following losses on Wall Street as traders fret about the state of the global economy. The Hang Seng Index fell 239.11 points to 22,900.94 on turnover of HK$68.60 billion ($8.85
Published 17 Oct, 2014 12:00am
Middle East markets bleed further

Middle East markets bleed further

Markets across the Middle East tumbled on Thursday as global equities and oil prices continued to decline, while Saudi Arabia's drop was magnified by investors selling to prepare for a $6 billion initial public offer of shares. Brent crude oil, which has
Published 17 Oct, 2014 12:00am
Data show US economy's pulse is still strong

Data show US economy's pulse is still strong

The number of Americans filing new claims for jobless benefits fell to a 14-year low last week and industrial output rose sharply in September, positive signals that could help ease fears over the economic outlook. Initial claims for state unemployment be
Published 17 Oct, 2014 12:00am
Italy and France make plea for growth as EU-Asia leaders meet

Italy and France make plea for growth as EU-Asia leaders meet

Europe's priority must be to stimulate economic growth, Italy and France said on Thursday, putting themselves at odds again with Germany, which is demanding deficit rigour With signs of a global slowdown rattling investors and prompting sharp declines acr
Published 17 Oct, 2014 12:00am
China's FDI recovers on month but still down 1.4 percent for the year

China's FDI recovers on month but still down 1.4 percent for the year

China's year-to-date foreign direct investment inflows declined for a third month in September, indicating investors remained cautious amid a further slowdown in the world's second-largest economy. Investment for the month of September rose from a year ea
Published 17 Oct, 2014 12:00am
UK budget watchdog puts focus on labour market for new tax forecasts

UK budget watchdog puts focus on labour market for new tax forecasts

Britain's independent budget watchdog said on Thursday it will work with tax authorities to look at how strong jobs growth but weak earnings have dented income tax revenues, before it makes new forecasts in December. Labour income accounts for more than 4
Published 17 Oct, 2014 12:00am
UK budget watchdog puts focus on labour market for new tax forecasts

UK budget watchdog puts focus on labour market for new tax forecasts

Britain's independent budget watchdog said on Thursday it will work with tax authorities to look at how strong jobs growth but weak earnings have dented income tax revenues, before it makes new forecasts in December. Labour income accounts for more than 4
Published 17 Oct, 2014 12:00am
Chrysler recalls 900,000 cars

Chrysler recalls 900,000 cars

US automaker Chrysler recalled more than 900,000 vehicles for safety issues on Thursday, including for an alternator problem that can cause engines to stall. Chrysler, the third biggest US automaker and part of Fiat Chrysler, said it will recall about 470
Published 17 Oct, 2014 12:00am
Deflation stalks Europe's periphery as inflation hits five-year low

Deflation stalks Europe's periphery as inflation hits five-year low

Deflation hit five peripheral euro zone countries in September as inflation slipped to its lowest for five years and exports faltered, data on Thursday showed, offering little hope that the bloc will avoid its third recession in six years. While consumer
Published 17 Oct, 2014 12:00am
Goldman's focus on bond trading pays off as profit soars

Goldman's focus on bond trading pays off as profit soars

Goldman Sachs Group Inc reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards. Goldman's fixed
Published 17 Oct, 2014 12:00am
Goldman's focus on bond trading pays off as profit soars

Goldman's focus on bond trading pays off as profit soars

Goldman Sachs Group Inc reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards. Goldman's fixed
Published 17 Oct, 2014 12:00am
Warren Buffett sells shares in British retailer Tesco

Warren Buffett sells shares in British retailer Tesco

US billionaire investor Warren Buffett's investment company has cut its holdings in British supermarket giant Tesco, which is grappling with falling profits and probe by the financial watchdog. Berkshire Hathaway has cut its holding in the world's third-b
Published 17 Oct, 2014 12:00am
Warren Buffett sells shares in British retailer Tesco

Warren Buffett sells shares in British retailer Tesco

US billionaire investor Warren Buffett's investment company has cut its holdings in British supermarket giant Tesco, which is grappling with falling profits and probe by the financial watchdog. Berkshire Hathaway has cut its holding in the world's third-b
Published 17 Oct, 2014 12:00am
Croatia central bank governor blames 'myopic' politicians for recession

Croatia central bank governor blames 'myopic' politicians for recession

Croatia's central bank governor on Thursday blamed years of recession on politicians' failure to make reforms and said that the economy will shrink for the sixth straight year in 2014, while next year's outlook was "not great". Boris Vujcic said both the
Published 17 Oct, 2014 12:00am
Rouble's plunge shows Russia's reliance on Western money

Rouble's plunge shows Russia's reliance on Western money

A steep plunge in the rouble, caused by sanctions over the Ukraine crisis and falling oil prices, has underlined Russia's heavy dependence on Western finance to balance its dollar-thirsty economy. For all President Vladimir Putin's anti-Western bravado an
Published 17 Oct, 2014 12:00am
Toyota recalls 1.67 million vehicles globally

Toyota recalls 1.67 million vehicles globally

Japan's Toyota Motor Corp said on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake's performance. Toyota said in an
Published 17 Oct, 2014 12:00am
BlackRock profit jumps

BlackRock profit jumps

BlackRock Inc, the world's largest money manager, said on Wednesday that third-quarter earnings rose 26 percent, boosted by an improved performance of its fixed income funds. Net income increased to $917 million, or $5.37 per share, from $730 million, or
Published 17 Oct, 2014 12:00am
BlackRock profit jumps

BlackRock profit jumps

BlackRock Inc, the world's largest money manager, said on Wednesday that third-quarter earnings rose 26 percent, boosted by an improved performance of its fixed income funds. Net income increased to $917 million, or $5.37 per share, from $730 million, or
Published 17 Oct, 2014 12:00am
BlackRock profit jumps

BlackRock profit jumps

BlackRock Inc, the world''s largest money manager, said on Wednesday that third-quarter earnings rose 26 percent, boosted by an improved performance of its fixed income funds. Net income increased to $917 million, or $5.37 per share, from $730 million, or
Published 17 Oct, 2014 12:00am
SKF profits disappoint as European demand slows

SKF profits disappoint as European demand slows

The world's biggest producer of ball bearings SKF reported a rise in third-quarter profits on Wednesday despite falling industrial demand, particularly from the car industry. With its products widely used in manufacturing, SKF is considered a valuable ind
Published 17 Oct, 2014 12:00am
SKF profits disappoint as European demand slows

SKF profits disappoint as European demand slows

The world's biggest producer of ball bearings SKF reported a rise in third-quarter profits on Wednesday despite falling industrial demand, particularly from the car industry. With its products widely used in manufacturing, SKF is considered a valuable ind
Published 17 Oct, 2014 12:00am
Brazil's economic activity rises

Brazil's economic activity rises

Economic activity in Brazil barely rose in August after a sharp rebound the previous month, suggesting the economy is struggling to recover from a recession which began earlier this year. The Brazilian central bank's IBC-Br economic activity index rose 0.
Published 17 Oct, 2014 12:00am
Masoor prices up on grain market

Masoor prices up on grain market

Masoor and cottonseeds oilcakes maintained upward trend on the wholesale grain market on Thursday in the process of slow trading, dealers said. On the cereals side, Masoor Dall Canada gained Rs 100 to Rs 9200 and Rs 9400, Barley Sindh and Mardan quoted at
Published 17 Oct, 2014 12:00am
UK wheat imports rise in August

UK wheat imports rise in August

Britain remained a net importer of wheat in August but exports are climbing with the country harvesting its largest crop in six years this summer, customs data showed on Wednesday. Imports totalled 228,720 tonnes in August, up from 195,515 tonnes in July
Published 17 Oct, 2014 12:00am
Cotton prices in steady condition

Cotton prices in steady condition

Cotton prices on the ready cotton market were in a steady mode because of the call for application by the Trading Corporation of Pakistan (TCP) for appointment of labour for its godowns at Karachi and Multan to lift cotton to strengthen lint and seed cott
Published 17 Oct, 2014 12:00am
Cotton prices in steady condition

Cotton prices in steady condition

Cotton prices on the ready cotton market were in a steady mode because of the call for application by the Trading Corporation of Pakistan (TCP) for appointment of labour for its godowns at Karachi and Multan to lift cotton to strengthen lint and seed cott
Published 17 Oct, 2014 12:00am
Cautious selling by ginners after CCAC target announcement

Cautious selling by ginners after CCAC target announcement

Cautious selling by ginners witnessed on the cotton market on Thursday after the CCAC target announcement, dealers said. The official spot rate was unchanged at Rs 5200, they added. In the ready session, approximately, 23,000 bales of cotton changed hands
Published 17 Oct, 2014 12:00am
Oil cake market rates

Oil cake market rates

Futures moved up on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December contract closed at Rs 1498.20, but opened with a rise of 40 paisa at Rs 1498.60, they said. The January vaida ended at Rs 1699.50
Published 17 Oct, 2014 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 78,359 tonnes of cargo comprising 62,856 tonnes of import cargo and 15,503 tonnes of export cargo including 2,364 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 62,
Published 17 Oct, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 5.233 billion as compared to PKR 3.882 billion registered on Tuesday, up 34.80 percent. The number of lots traded was 23,674 and PMEX Commodity Index closed at 2,885. Maj
Published 17 Oct, 2014 12:00am
Russian wheat export prices broadly flat

Russian wheat export prices broadly flat

Russian wheat export prices were broadly flat last week after a three-week decline, supported by demand from the world's top wheat importer, Egyptian state buyer GASC, analysts said on Tuesday. Russia, a major global wheat exporter, won Friday's GASC tend
Published 17 Oct, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 17 Oct, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 17 Oct, 2014 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 17 Oct, 2014 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 17 Oct, 2014 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 Thursday (October 16, 2014).

Published 17 Oct, 2014 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 Thursday (October 16, 2014).

Published 17 Oct, 2014 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 Thursday (October 16, 2014).

Published 17 Oct, 2014 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 Thursday (October 16, 2014).

Published 17 Oct, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (October 16, 2014).
Published 17 Oct, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (October 16, 2014).

Published 17 Oct, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (October 16, 2014).

Published 17 Oct, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (October 16, 2014).

Published 17 Oct, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (October 16, 2014).

Published 17 Oct, 2014 12:00am
Family farms crucial in fight to eradicate hunger: UN

Family farms crucial in fight to eradicate hunger: UN

Nine out of ten of the world''s 570 million farms are managed by families and it is they who hold the key to eradicating global hunger, the United Nations said in a report Thursday. "Family farms produce about 80 percent of the world''s food and... are th
Published 17 Oct, 2014 12:00am
Nargis applies for LPR just before retirement

Nargis applies for LPR just before retirement

Power sector's continuous poor performance and controversial allotment of plots in the Gaddani Power Park has reportedly made Secretary Water and Power Nargis Sethi apply for Leave Prior to Retirement (LPR) - two months prior to her scheduled retirement,
Published 17 Oct, 2014 12:00am
Nargis applies for LPR just before retirement

Nargis applies for LPR just before retirement

Power sector's continuous poor performance and controversial allotment of plots in the Gaddani Power Park has reportedly made Secretary Water and Power Nargis Sethi apply for Leave Prior to Retirement (LPR) - two months prior to her scheduled retirement,
Published 17 Oct, 2014 12:00am
Nargis applies for LPR just before retirement

Nargis applies for LPR just before retirement

Power sector''s continuous poor performance and controversial allotment of plots in the Gaddani Power Park has reportedly made Secretary Water and Power Nargis Sethi apply for Leave Prior to Retirement (LPR) - two months prior to her scheduled retirement,
Published 17 Oct, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (October 16, 2014).

Published 17 Oct, 2014 12:00am
No audit for two years: Jatoi expresses annoyance at NFML management

No audit for two years: Jatoi expresses annoyance at NFML management

Minister for Industries and Production, Ghulam Murtaza Khan Jatoi has expressed annoyance at National Fertilizer Marketing Company's (NFML) management for not carrying out company's audit for the last two years. National Accountability Bureau (NAB) and Fe
Published 17 Oct, 2014 12:00am
No audit for two years: Jatoi expresses annoyance at NFML management

No audit for two years: Jatoi expresses annoyance at NFML management

Minister for Industries and Production, Ghulam Murtaza Khan Jatoi has expressed annoyance at National Fertilizer Marketing Company's (NFML) management for not carrying out company's audit for the last two years. National Accountability Bureau (NAB) and Fe
Published 17 Oct, 2014 12:00am
No audit for two years: Jatoi expresses annoyance at NFML management

No audit for two years: Jatoi expresses annoyance at NFML management

Minister for Industries and Production, Ghulam Murtaza Khan Jatoi has expressed annoyance at National Fertilizer Marketing Company''s (NFML) management for not carrying out company''s audit for the last two years. National Accountability Bureau (NAB) and
Published 17 Oct, 2014 12:00am
Family farms crucial in fight to eradicate hunger: UN

Family farms crucial in fight to eradicate hunger: UN

Nine out of ten of the world's 570 million farms are managed by families and it is they who hold the key to eradicating global hunger, the United Nations said in a report Thursday. "Family farms produce about 80 percent of the world's food and... are the
Published 17 Oct, 2014 12:00am
Family farms crucial in fight to eradicate hunger: UN

Family farms crucial in fight to eradicate hunger: UN

Nine out of ten of the world's 570 million farms are managed by families and it is they who hold the key to eradicating global hunger, the United Nations said in a report Thursday. "Family farms produce about 80 percent of the world's food and... are the
Published 17 Oct, 2014 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee, somehow, managed to resist fall against the dollar on the currency market on Thursday, dealers said. The rupee almost held the overnight levels in terms of the dollar for buying and selling at Rs 102.89 and Rs 102.90 respectively, they said.
Published 17 Oct, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 16, 2014).

Published 17 Oct, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (October 16, 2014) and for Friday (October 17, 2014).
Published 17 Oct, 2014 12:00am
Afghanistan captures two Haqqani commanders

Afghanistan captures two Haqqani commanders

Afghan security forces said Thursday they have captured two senior leaders of the feared Haqqani network, a hard-line group behind sophisticated attacks on Afghan and Nato forces. Anas Haqqani, the son of the network's founder Jalaluddin Haqqani, was arre
Published 17 Oct, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 16, 2014)

Published 17 Oct, 2014 12:00am
LoC, Working Boundary: Mechanism of bilateralism has failed, world told

LoC, Working Boundary: Mechanism of bilateralism has failed, world told

Pakistan declared on Thursday that the mechanism of bilateralism to resolve issue with India has failed. "Pakistan has given a clear message to the world that the mechanism of bilateralism to resolve outstanding issues with India has failed and the ball i
Published 17 Oct, 2014 12:00am
LoC, Working Boundary: Mechanism of bilateralism has failed, world told

LoC, Working Boundary: Mechanism of bilateralism has failed, world told

Pakistan declared on Thursday that the mechanism of bilateralism to resolve issue with India has failed. "Pakistan has given a clear message to the world that the mechanism of bilateralism to resolve outstanding issues with India has failed and the ball i
Published 17 Oct, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (October 16, 2014).

Published 17 Oct, 2014 12:00am
BRIndex30 sheds 103.52 points

BRIndex30 sheds 103.52 points

On Thursday, BRIndex30 opened at 16,290.78 points. It touched an intraday high of 16,350.78 points and an intraday low of 16,155.51 points and closed at 16,187.26 points which was -103.52 points or -0.64 percent lower than previous close. Total volume was
Published 17 Oct, 2014 12:00am
Stocks extend slide

Stocks extend slide

The Karachi share market Thursday witnessed another dull session and the benchmark KSE-100 index closed below 30,000 level. The KSE-100 index declined by 138 points to close at 29,982 points compared to 30,121 points Wednesday. "Stocks closed lower amid c
Published 17 Oct, 2014 12:00am