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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-21
Xi warns Hong Kong and Macau in 'one China' message

Xi warns Hong Kong and Macau in 'one China' message

Chinese President Xi Jinping warned Hong Kong and Macau on Saturday to remember they are part of "one China", as pro-democracy campaigners in both semi-autonomous territories call for free leadership elections. Dozens of protesters marched through Macau's
Published 21 Dec, 2014 12:00am
Closure of canals: loadshedding likely to increase

Closure of canals: loadshedding likely to increase

Power loadshedding is expected to increase dramatically across the country from December 25, 2014 onwards due to routine annual closure of canals resulting in a loss of 2000 MW electricity generated from hydel sources, well-informed sources told Busine
Published 21 Dec, 2014 12:00am
Closure of canals: loadshedding likely to increase

Closure of canals: loadshedding likely to increase

Power loadshedding is expected to increase dramatically across the country from December 25, 2014 onwards due to routine annual closure of canals resulting in a loss of 2000 MW electricity generated from hydel sources, well-informed sources told Busine
Published 21 Dec, 2014 12:00am
Closure of canals: loadshedding likely to increase

Closure of canals: loadshedding likely to increase

Power loadshedding is expected to increase dramatically across the country from December 25, 2014 onwards due to routine annual closure of canals resulting in a loss of 2000 MW electricity generated from hydel sources, well-informed sources told Busine
Published 21 Dec, 2014 12:00am
Gwadar Port master plan forecasts freight sources

Gwadar Port master plan forecasts freight sources

Gwadar Port''s master plan prepared by Arthur D Little forecasts freight sources in the short-term from urban development, industrialisation process, operation of the port, including petrochemical products relevant to heavy industry and manufacturing. Acc
Published 21 Dec, 2014 12:00am
Gwadar Port master plan forecasts freight sources

Gwadar Port master plan forecasts freight sources

Gwadar Port's master plan prepared by Arthur D Little forecasts freight sources in the short-term from urban development, industrialisation process, operation of the port, including petrochemical products relevant to heavy industry and manufacturing. Acco
Published 21 Dec, 2014 12:00am
Gwadar Port master plan forecasts freight sources

Gwadar Port master plan forecasts freight sources

Gwadar Port's master plan prepared by Arthur D Little forecasts freight sources in the short-term from urban development, industrialisation process, operation of the port, including petrochemical products relevant to heavy industry and manufacturing. Acco
Published 21 Dec, 2014 12:00am
The Weather

The Weather

The weather report on Saturday (December 20, 2014) and the forecast for Sunday (December 21, 2014).

Published 21 Dec, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 20, 2014).

Published 21 Dec, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 20, 2014).

Published 21 Dec, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 20, 2014).

Published 21 Dec, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 20, 2014)

Published 21 Dec, 2014 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 20, 2014).

Published 21 Dec, 2014 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (December 20, 2014).

Published 21 Dec, 2014 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 20, 2014).

Published 21 Dec, 2014 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 20, 2014).

Published 21 Dec, 2014 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 20, 2014).

Published 21 Dec, 2014 12:00am
THE RUPEE: modest fall

THE RUPEE: modest fall

The rupee drifted lower in relation to the dollar on the money market at the week-end, dealers said.
Published 21 Dec, 2014 12:00am
THE RUPEE: modest fall

THE RUPEE: modest fall

The rupee drifted lower in relation to the dollar on the money market at the week-end, dealers said.
Published 21 Dec, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 20, 2014).

Published 21 Dec, 2014 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (December 20, 2014).

Published 21 Dec, 2014 12:00am
FPCCI's VP Munawar Mughal passes away

FPCCI's VP Munawar Mughal passes away

Vice President of the FPCCI and an important leader of the United Business Group (UBG) of the FPCCI Munawar Mughal breathed his last on Saturday afternoon. Munawar Mughal who started his career as a student leader soon got prominence in trade politics aft
Published 21 Dec, 2014 12:00am
APAT postpones strike

APAT postpones strike

Central chairman Khawaja Muhammad Shafiq, Central President Ajmal Baloch and Central Secretary General Naeem Mir of All Pakistan Anjuman-e-Tajran, said in their joint statements that due to tragic incident of Peshawar and on special appeal of Anjuman-e-ta
Published 21 Dec, 2014 12:00am
MCCI hails government's decision to execute terrorists

MCCI hails government's decision to execute terrorists

The Business community of Southern Punjab on Saturday hailed the Government decision of execution of terrorists and welcomed on the lifting of a moratorium on executions of terrorists on death row. President of Multan Chamber of Commerce & Industry (MCCI)
Published 21 Dec, 2014 12:00am
Year 2014 termed the bleakest for agricultural sector

Year 2014 termed the bleakest for agricultural sector

Agriculturists and farmers' organisation representatives have termed the year 2014 as the bleakest year for agricultural sector during which growers suffered an accumulative loss of what they said around Rs 300 billion because of flood damages and price c
Published 21 Dec, 2014 12:00am
Eight other terrorists to be executed soon

Eight other terrorists to be executed soon

After execution of two terrorists in Faisalabad, the Punjab Home department sources have said that another eight terrorists on death row will be executed in prison across Punjab at any time from Saturday onwards. It may be noted that Aqeel alias Dr Usman
Published 21 Dec, 2014 12:00am
LCCI President supports early construction of KBD

LCCI President supports early construction of KBD

Advocating an early construction of Kalabagh Dam, Lahore Chamber of Commerce & Industry Saturday said that the dam is must for survival of Pakistan, as it is linked to eradication of poverty and hunger. Delay in taking practical steps is already leading t
Published 21 Dec, 2014 12:00am
Siraj urges government to confiscate all illegal arms

Siraj urges government to confiscate all illegal arms

Chief of Jamaat-e-Islami, Pakistan, Sirajul Haq has stressed upon the government to confiscate all illegal arms in the country and deposit these with the state armoury in order to eradicate terrorism. He was speaking as guest speaker at a national confere
Published 21 Dec, 2014 12:00am
Vehicle stealing cases on the rise in Islamabad

Vehicle stealing cases on the rise in Islamabad

There was no respite from car-lifting and robbery incidents in Islamabad despite claims by police that foolproof security measures have been put in place in the federal capital. Date collected by Business Recorder, showed that 15 vehicles, including motor
Published 21 Dec, 2014 12:00am
Media in Turkey

Media in Turkey

Apropos 'Turkey court releases anti-Erdogan editor, arrests TV chief' carried by Business Recorder yesterday, one needs to acknowledge the existence of a highly prudent judiciary in Turkey.
Published 21 Dec, 2014 12:00am
In Serbia's remote east, ancient 'gold rivers' still offer hope

In Serbia's remote east, ancient 'gold rivers' still offer hope

Since ancient times the "gold rivers" of a rural corner of eastern Serbia have drawn prospectors hoping to strike it rich by teasing the precious metal from the area's waterways. The mountainous, heavily forested region today is poor and depopulated, but
Published 21 Dec, 2014 12:00am
Arguing over Russian reserves: $400bn or half that?

Arguing over Russian reserves: $400bn or half that?

Defending the rouble has cost Russia around $80 billion this year, and depending on who's doing the calculations, its usable hard currency reserves are now either starting to run low, or at a healthy $400 billion-plus.
Published 21 Dec, 2014 12:00am
Open government partnership network: an appraisal

Open government partnership network: an appraisal

The OPG report initiative, launched in 2011 has enrolled thus far eight out of 64 countries in the world. It is hoped other countries would follow soon. The vision document enshrines the founding principles, aims, constitution, mechanism and rules and reg
Published 21 Dec, 2014 12:00am
Lima call for climate action

Lima call for climate action

The Lima Call for Climate Action, issued from the Peruvian capital at the end of two weeks plus two all-night sessions attended by participants from 194 countries, is too weak to be clearly audible in greater part of the globe. The only redeeming feature
Published 21 Dec, 2014 12:00am
The GSP+ opportunity

The GSP+ opportunity

The grant of GSP+ status to Pakistan by the EU, which was very much celebrated by policymakers and other stakeholders, particularly the exporters of the country, is contingent on meeting certain prescribed conditions. Realising the importance of the issue
Published 21 Dec, 2014 12:00am
Argentine wheat crop seen big enough to meet Brazil demand

Argentine wheat crop seen big enough to meet Brazil demand

Brazil will have no need to import US wheat next year because the crop in its main supplier, Argentina, will be big enough to meet the neighbouring country's projected demand of 7 million tonnes, the head of Argentina's Rosario grains exchange said. Rosar
Published 21 Dec, 2014 12:00am
US port congestion magnifies cotton traders' woes

US port congestion magnifies cotton traders' woes

US merchants face delays of as much as a week to ship cotton from major West Coast ports, threatening exports to China, the world's largest textile market, ahead of a key Chinese deadline at month's end for imports to arrive. Congestion has plagued West C
Published 21 Dec, 2014 12:00am
Cotton futures crawl higher, finish week little changed

Cotton futures crawl higher, finish week little changed

Cotton futures edged higher on Friday in choppy, thin trade, pinned between short covering and producer selling near the key level of 61 cents a lb. The most-active March cotton contract on ICE Futures US closed up 0.07 cent, or 0.1 percent, at 60.89 cent
Published 21 Dec, 2014 12:00am
Informa expects 13pc drop in US cotton acres in 2015

Informa expects 13pc drop in US cotton acres in 2015

Informa Economics forecast 2015 upland cotton acres in the United States at 9.38 million acres and total plantings of the fibre at 9.6 million acres, both down sharply from the prior year, according to the firm's Friday report seen by Reuters. The total c
Published 21 Dec, 2014 12:00am
China says 2014 cotton output drops 2.2 percent on year

China says 2014 cotton output drops 2.2 percent on year

Cotton production in China, the world's top consumer of the fibre, dropped 2.2 percent in 2014 from the year before, the government said on Wednesday. The National Bureau of Statistics said output fell to 6.16 million tonnes as the amount of land used to
Published 21 Dec, 2014 12:00am
China opens commodity business centre in London

China opens commodity business centre in London

Bank of China has opened a commodity business centre in London, it said on Thursday, following the establishment of similar centres in Singapore and Shanghai. China is the world's biggest consumer of commodities, and many state-owned and privately-owned C
Published 21 Dec, 2014 12:00am
Ukraine expects benefits from Russian grain export curbs

Ukraine expects benefits from Russian grain export curbs

Russia's decision to curb grain exports may help Ukraine to sell its grain at a higher price and Kiev does not plan to implement any similar restrictions, Deputy Agriculture Minister Andriy Dykun said on Thursday. "There is a chance to sell our grain at a
Published 21 Dec, 2014 12:00am
Brent oil spirals below $60 in volatile week

Brent oil spirals below $60 in volatile week

Brent oil prices plummeted this week to five-year lows underneath $60 per barrel as markets were rocked by shrinking Chinese manufacturing output, economic turmoil in Russia and ample crude supplies. Oil has now halved in value since June, due also to the
Published 21 Dec, 2014 12:00am
Saudi police kill four 'terrorists'

Saudi police kill four 'terrorists'

Saudi police killed four "terrorists" Saturday in a Shia village in an operation to arrest the people who shot dead a soldier there last weekend, the spokesman for the interior ministry said. During a shootout in Adamiya, "four terrorists, including the p
Published 21 Dec, 2014 12:00am
Ugandan rebel killed in DR Congo attack

Ugandan rebel killed in DR Congo attack

One man was shot dead by soldiers in the Democratic Republic of Congo after Ugandan rebels attacked the eastern town of Beni, an army officer said Saturday. The incident in Beni, about 250 kilometres (150 miles) north of the North Kivu capital Goma, follo
Published 21 Dec, 2014 12:00am
Ebola-ravaged Liberia holds long-delayed Senate vote

Ebola-ravaged Liberia holds long-delayed Senate vote

Liberians voted Saturday in long-delayed Senate elections in the Ebola-ravaged west African nation as UN chief Ban Ki-moon wound up a regional tour to assess the fight against the epidemic. The vote for 15 of the 30 seats in the upper house of parliament
Published 21 Dec, 2014 12:00am
Madonna releases new songs after leaks

Madonna releases new songs after leaks

Madonna on Saturday suddenly released six new songs months ahead of schedule, upset that early versions had leaked online. The pop icon's new songs, available immediately for sale and streaming online, will be part of her first album in three years, "Rebe
Published 21 Dec, 2014 12:00am
Egypt says it backs Palestinian UN resolution

Egypt says it backs Palestinian UN resolution

Egypt said on Saturday it supports a draft resolution submitted by the Palestinians to the UN Security Council setting out terms for a final peace deal with Israel. The Palestinians on Wednesday presented the resolution setting a 12-month deadline for wra
Published 21 Dec, 2014 12:00am
Kurds press on Sinjar operation in north Iraq

Kurds press on Sinjar operation in north Iraq

Iraqi Kurdish and allied forces on Saturday pressed on with a vast operation to wrest back swathes of land from the Islamic State jihadist group. A day after a months-old siege on Mount Sinjar was broken, Kurdish peshmerga forces launched another offensiv
Published 21 Dec, 2014 12:00am
Seventy years on, US judge clears executed black teen

Seventy years on, US judge clears executed black teen

A judge in the southern US state of South Carolina has thrown out the conviction of a black teenager executed 70 years ago for the murder of two white girls. George Stinney was 14 when he became the youngest person to undergo the death penalty in the Unit
Published 21 Dec, 2014 12:00am
Nigeria military, Islamists clash near site of latest kidnap

Nigeria military, Islamists clash near site of latest kidnap

Nigerian troops have repelled a Boko Haram attack near the village where 185 people were kidnapped last week, killing several insurgents, soldiers and witnesses said Saturday. Roughly 150 militants stormed the town of Bulabulin on Wednesday, but the milit
Published 21 Dec, 2014 12:00am
Police break up Ankara education protest, arrest dozens

Police break up Ankara education protest, arrest dozens

Dozens of demonstrators were arrested on Saturday in the Turkish capital Ankara as police used pepper spray, tear gas and water cannon to disperse a protest in favour of secular education. Police moved in on the protest, organised by labour unions, in the
Published 21 Dec, 2014 12:00am
City reel Chelsea in, Falcao ends United wait

City reel Chelsea in, Falcao ends United wait

Manchester City beat Crystal Palace 3-0 on Saturday to move level with Premier League leaders Chelsea, while Radamel Falco earned Manchester United a 1-1 draw at Aston Villa. City were missing Sergio Aguero, Edin Dzeko and Stevan Jovetic due to injury, bu
Published 21 Dec, 2014 12:00am
Johnson inspires Australia to Gabba Test victory

Johnson inspires Australia to Gabba Test victory

Mitchell Johnson inspired Australia to a four-wicket win over India to take a 2-0 series-lead with a day to spare in the second Gabba Test on Saturday. The ICC Cricketer of the Year condemned India to defeat with a hostile spell of three for 10 in the spa
Published 21 Dec, 2014 12:00am
Waqar seeks improvement, Williamson hails achievement

Waqar seeks improvement, Williamson hails achievement

Pakistan coach Waqar Younis warned his team needed to improve before the World Cup while Kane Williamson hailed a "great achievement" after New Zealand win the one-day series 3-2 on Friday. Pakistan fell 68 runs short in their 276-run chase which prompted
Published 21 Dec, 2014 12:00am
Steyn sends West Indies crashing to defeat

Steyn sends West Indies crashing to defeat

South African fast bowler Dale Steyn ripped through the West Indian batting to send the tourists crashing to a humiliating defeat by an innings and 220 runs on the fourth day of the first Test at SuperSport Park on Saturday. Steyn took six for 34 in Centu
Published 21 Dec, 2014 12:00am
Thailand strike late to seal fourth ASEAN Cup title

Thailand strike late to seal fourth ASEAN Cup title

Thailand won the ASEAN Cup for a record-equalling fourth time on Saturday after scoring twice in the last 10 minutes to beat Malaysia 4-3 on aggregate. Despite losing Saturday's second leg 3-2 in Kuala Lumpur, Thailand clinched the title after winning 2-0
Published 21 Dec, 2014 12:00am
David captures eighth title

David captures eighth title

Nicol David extended her record of world titles to eight on Saturday when she saved four match points to overcome third-seeded Egyptian Raneem El Weleily, 5-11, 11-8 7-11, 14-12, 11-5. David, who has already achieved a record 100 consecutive months as wor
Published 21 Dec, 2014 12:00am
Morgan replaces Cook as England World Cup captain

Morgan replaces Cook as England World Cup captain

Eoin Morgan has replaced the out-of-form Alastair Cook as England's World Cup captain, the England and Wales Cricket Board (ECB) announced on Saturday. Cook has scored just one fifty in his last 22 one-day innings for England and has paid the price for fa
Published 21 Dec, 2014 12:00am
German winter wheat sowings for 2015 crop up

German winter wheat sowings for 2015 crop up

Germany's winter wheat sown area for the 2015 harvest has been expanded by 2.8 percent to about 3.24 million hectares, the national statistics office said on Friday. Winter grains sowing of all types were expanded by 2.4 percent on the year to around 5.55
Published 21 Dec, 2014 12:00am
Thermal coal futures prices steady

Thermal coal futures prices steady

Thermal coal futures prices steadied on Thursday, having touched a more than 7-year low the previous session, as expectations of strong Russian exports weighed after the rouble's collapse. European API2 2015 coal futures edged up 0.3 percent to $68.35 a t
Published 21 Dec, 2014 12:00am
Rice prices little changed in Thailand, Vietnam

Rice prices little changed in Thailand, Vietnam

Rice prices were little changed in Thailand and Vietnam as buying declined ahead of year-end holidays, traders said on Wednesday, while prices in India edged down after its rupee currency sank to a 13-month low. "It's almost New Year so the market is quie
Published 21 Dec, 2014 12:00am
Indian soyaoil futures gain; turmeric down

Indian soyaoil futures gain; turmeric down

Indian soyaoil futures gained on Friday on positive Malaysian palm oil futures while rapessed ended weak on loower exports of rapeseed meal Malaysian palm oil futures ended higher on concerns over monsoon rains hurting output and as crude prices ticked up
Published 21 Dec, 2014 12:00am
Oil cake market rates

Oil cake market rates

Both the futures were down on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The December contract closed at Rs 1599.30 on Thursday and it lost 60 paisa at Rs 1598.70 in the morning session, they said. The Janua
Published 21 Dec, 2014 12:00am
Cotton market Rates stabilise amid strong demand by mills

Cotton market Rates stabilise amid strong demand by mills

General trend in the cotton market was firm, following the rising demand by mills and spinners, dealers said on Saturday. The official spot rate was unchanged at Rs 4,750, they added. In the ready session, around 20,000 bales of cotton changed hands betwe
Published 21 Dec, 2014 12:00am
US Midwest corn and soya bids steady

US Midwest corn and soya bids steady

Spot corn and soyabean basis bids mostly steady in the US Midwest on Friday in quiet trade amid soft CBOT corn and soya futures values, dealers said. US soyabean futures ended lower as rainy weather in South America was expected the planted crops, while U
Published 21 Dec, 2014 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Wheat futures on the Chicago Board of Trade fell more than 3 percent on Friday for their largest daily losses since July as investors locked in profits after Thursday's six-month high, traders said. Wheat snapped a six-session streak of gains but rose mor
Published 21 Dec, 2014 12:00am
Kenya's Sasini hurt by lower tea prices, coffee output falls

Kenya's Sasini hurt by lower tea prices, coffee output falls

Kenyan tea and coffee producer Sasini said on Friday its pretax profit fell 61 percent to 61.8 million shillings ($683,250) in the year ended Sep. 30, hurt by falling tea prices and lower coffee production. The company said its total revenue fell slightly
Published 21 Dec, 2014 12:00am
Modest trading on grain market

Modest trading on grain market

Modest trading was seen on the wholesale grain market on Saturday due to selective buying, dealers said. On the cereals side, wheat new Bardan lost Rs 50 to Rs 3350, other commodities maintained overnight levels in lean activity, they said. On the grams s
Published 21 Dec, 2014 12:00am
South Korea buys 120,000 tonnes of corn

South Korea buys 120,000 tonnes of corn

South Korea's Major Feedmill Group (MFG) purchased up to 120,000 tonnes of corn in two private non-tender deals late on Thursday, European traders said. The corn can be sourced optionally from the United States, Europe, Brazil or Argentina, they said. The
Published 21 Dec, 2014 12:00am
Canadian canola futures mixed

Canadian canola futures mixed

ICE Canadian canola futures ended mixed on Friday as some investors took profits, but they registered their second straight weekly gain for the nearby contract. Forecasts for crop-boosting rains in South America weighed down soybeans, and pressure spilled
Published 21 Dec, 2014 12:00am
Crude palm oil up on European vegoils market

Crude palm oil up on European vegoils market

Crude palm oil on the European vegetable oils market firmed a little on Friday, in sympathy with Malaysian palm oil futures, on expectations that monsoon rains could reduce production in December. "Crude palm oil was a tad higher, while refined palm oil w
Published 21 Dec, 2014 12:00am
US FOB Gulf SRW wheat down sharply

US FOB Gulf SRW wheat down sharply

US FOB Gulf soft red winter wheat values fell 10 cents after the close and added to the 23-cent losses in futures on Friday as exporters prepared offers for an overnight import tender from Egypt's GASC, traders said. News from Russia that grain exports wo
Published 21 Dec, 2014 12:00am
Asian naphtha February price down

Asian naphtha February price down

Asia's naphtha front-month first-half February price was $4.75 a tonne lower compared with first-half March, as sellers struggle under heavy stockpiles. Strong fundamentals usually lead to front-month prices being higher than the following month, but mass
Published 21 Dec, 2014 12:00am
US natural gas futures fall to one-year low

US natural gas futures fall to one-year low

US natural gas futures lost 4.9 percent on Friday to the lowest level in over a year on forecasts for slightly warmer-than-normal weather and weak demand over the next two weeks. Front-month gas futures on the New York Mercantile Exchange closed down 17.8
Published 21 Dec, 2014 12:00am
EU wheat prices slip from seven-month peak

EU wheat prices slip from seven-month peak

European wheat prices extended a retreat on Friday from the previous session's 7-month high but remained underpinned by signals that Russia would curb exports following the collapse of its currency. There was further confirmation on Friday that Russia is
Published 21 Dec, 2014 12:00am
Russia curbs grain exports to all but a few countries

Russia curbs grain exports to all but a few countries

Russia, one of the world's main wheat exporters, has cut grain exports to all but a few countries after imposing tougher quality checks, an exporters' lobby group said on Wednesday. The Agriculture Ministry had said on Tuesday it would avoid such curbs ev
Published 21 Dec, 2014 12:00am
European investors build up bond holdings in December

European investors build up bond holdings in December

European investment managers built up their holdings of bonds and cut back on riskier assets such as stocks in December, eyeing the threat of market volatility and an uncertain year ahead beset with unseen risks, a survey shows. A Reuters poll of 17 Europ
Published 21 Dec, 2014 12:00am
European investors build up bond holdings in December

European investors build up bond holdings in December

European investment managers built up their holdings of bonds and cut back on riskier assets such as stocks in December, eyeing the threat of market volatility and an uncertain year ahead beset with unseen risks, a survey shows. A Reuters poll of 17 Europ
Published 21 Dec, 2014 12:00am
Moroccan Dar Saada raises $128 million in share listing

Moroccan Dar Saada raises $128 million in share listing

Moroccan housebuilder Residences Dar Saada, owned by Moroccan and Gulf investors, has sold shares worth 1.13 billion dirhams ($128 million) in an initial public share offer, traders said on Wednesday, the country's first share sale this year and the secon
Published 21 Dec, 2014 12:00am
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