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Print - 2015-07-28
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways on the money market on Monday in the process of trading, dealers said. The rupee inched up by one-paisa in terms of the dollar for buying and selling at Rs 101.83 and Rs 101.84 respectively, they said.
Published 28 Jul, 2015 12:00am
Nine killed in day-long Indian gun battle

Nine killed in day-long Indian gun battle

Indian police overcame a group of gunmen dressed in military fatigues on Monday after a 12-hour battle that ended in a small-town police station near the border with Pakistan, and at least nine people were killed. Police in the frontier state of Punjab ki
Published 28 Jul, 2015 12:00am
Nine killed in day-long Indian gun battle

Nine killed in day-long Indian gun battle

Indian police overcame a group of gunmen dressed in military fatigues on Monday after a 12-hour battle that ended in a small-town police station near the border with Pakistan, and at least nine people were killed. Police in the frontier state of Punjab ki
Published 28 Jul, 2015 12:00am
Nine killed in day-long Indian gun battle

Nine killed in day-long Indian gun battle

Indian police overcame a group of gunmen dressed in military fatigues on Monday after a 12-hour battle that ended in a small-town police station near the border with Pakistan, and at least nine people were killed. Police in the frontier state of Punjab ki
Published 28 Jul, 2015 12:00am
Quadcopter flown by India: ISPR

Quadcopter flown by India: ISPR

Of late, a sudden spike both in terms of intensity, calibre escalation and air space violations by India has been observed along LOC and working boundary. Since June 9, 2015, 35 x cease-fire violations have been committed by Indian troops. India is exhibi
Published 28 Jul, 2015 12:00am
Quadcopter flown by India: ISPR

Quadcopter flown by India: ISPR

Of late, a sudden spike both in terms of intensity, calibre escalation and air space violations by India has been observed along LOC and working boundary. Since June 9, 2015, 35 x cease-fire violations have been committed by Indian troops. India is exhibi
Published 28 Jul, 2015 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Jul, 2015 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 28 Jul, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Jul, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 Jul, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Jul, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (July 27, 2015).

Published 28 Jul, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (July 27, 2015).
Published 28 Jul, 2015 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (July 27, 2015).

Published 28 Jul, 2015 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 Monday (July 27, 2015).

Published 28 Jul, 2015 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 28 Jul, 2015 12:00am
State Bank of Pakistan conversion rates
Currency

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 28 Jul, 2015 12:00am
New York cotton

New York cotton

The luctuations observed during the day:

Published 28 Jul, 2015 12:00am
New York cotton

New York cotton

The luctuations observed during the day:

Published 28 Jul, 2015 12:00am
New map shows Brazil's soyabean expansion threat to community nut oil

New map shows Brazil's soyabean expansion threat to community nut oil

A rise in soyabean growing and cattle ranching in northern Brazil is threatening the region's nut oil forests, and the women who have long survived by harvesting them, researchers say. A group of Brazilian academics last week released a map that charts th
Published 28 Jul, 2015 12:00am
US natural gas futures ease on technical selling

US natural gas futures ease on technical selling

US natural gas futures dipped more than 1 percent to a two-week low on Friday on technical selling as strong production results in bigger-than-normal storage builds despite heavy cooling demand from power plants. Front-month gas futures on the New York Me
Published 28 Jul, 2015 12:00am
Russian wheat prices fall as harvesting gathers pace
Currency

Russian wheat prices fall as harvesting gathers pace

Russian wheat prices declined last week because of an increase in the pace of this year's rain-delayed harvesting and rouble weakness, analysts said on Monday. As of July 23, Russian farmers had harvested 27.5 million tonnes of grain from 16 percent of th
Published 28 Jul, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The December vaida was higher on the forward cottonseed oilcake market on Monday in the process of trading, dealers said. The December vaida ended at Rs 1296.50, it also opened with Rs 4.00 gain at Rs 1300.50 in the wee hours, they said.
Published 28 Jul, 2015 12:00am
Monsoon rains curtail seed cotton supply
Cotton

Monsoon rains curtail seed cotton supply

Fresh monsoon rains in the country curtailed supply of seed cotton, which helped the rates to sustain present levels, dealers said on the cotton market on Monday. The official spot rate was unchanged at Rs 4600, dealers said. Seed cotton prices in Sindh a
Published 28 Jul, 2015 12:00am
Canadian canola futures lower

Canadian canola futures lower

ICE Canadian canola futures closed lower on spillover weakness from Chicago soybean markets on Friday despite an outlook for canola stocks to shrink due to a smaller harvest, traders said. November canola closed $7.60 per tonne lower at $508.80. Chicago N
Published 28 Jul, 2015 12:00am
Indian soyabean futures hit over seven-month low

Indian soyabean futures hit over seven-month low

Indian soyabean futures fell for a fifth straight session on Thursday to hit their lowest in more than seven months on sluggish export demand for soyameal and as rainfall in key growing areas boosted expectations of a bumper crop. Rapeseed and soyaoil fut
Published 28 Jul, 2015 12:00am
Modest business on grain market
Cotton

Modest business on grain market

Modest business activity was seen on the wholesale grain market on Monday in the process of trading, dealers said. On the cereals side, Guwar Sindh gained Rs 100 to Rs 4700 and Rs 4800, Guwar Punjab low type was down by Rs 700 to Rs 4300 and best quality
Published 28 Jul, 2015 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,971 million. The number of lots traded was 21.98 million. PMEX Commodity Index closed at 2,587. Major business was contributed by gold amounting to PKR 3,958 million followed by cru
Published 28 Jul, 2015 12:00am
Vietnam's January-July rice exports fall

Vietnam's January-July rice exports fall

Rice exports from Vietnam, the world's third-largest exporter of the grain after India and Thailand, are estimated to have eased 3.1 percent in the first seven months of 2015 from a year ago to 3.72 million tonnes, the Agriculture Ministry said on Monday.
Published 28 Jul, 2015 12:00am
India to produce surplus sugar for 6th straight year

India to produce surplus sugar for 6th straight year

India, the world's second biggest sugar producer after Brazil, is likely to churn out a surplus for the sixth straight year despite erratic rainfall in key growing areas, a leading industry body said in its preliminary estimate on Friday. The south Asian
Published 28 Jul, 2015 12:00am
CBOT wheat hits one-month low

CBOT wheat hits one-month low

Wheat futures on the Chicago Board of Trade fell to a one-month low on Friday on technical selling and spillover weakness from other commodity markets including energy and metals, traders said. As well, harvest weather has been good this week in the Midwe
Published 28 Jul, 2015 12:00am
Asian naphtha crack edges higher

Asian naphtha crack edges higher

Asia's naphtha crack edged up less than 1 percent to $73.58 a tonne but it was less than half the value for the same period a year ago at $169.95 a tonne, reflecting the weak state of the market, traders said on Thursday. Persistent high stocks were press
Published 28 Jul, 2015 12:00am
Chinese rebar futures recover from early losses

Chinese rebar futures recover from early losses

Chinese rebar futures recovered from early losses on Friday and headed for their first weekly rise in eight, despite worries over softening demand in the world's top producer China. The most traded January rebar contract on the Shanghai Futures Exchange i
Published 28 Jul, 2015 12:00am
Indonesian tin smelters face export delays

Indonesian tin smelters face export delays

Tin shipments from smelters in Indonesia, the world's top exporter of the metal, are expected to tighten in coming weeks due to a change in export rules that is likely to underpin prices. Indonesian tin smelters have ramped up shipments this month, but ex
Published 28 Jul, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 121,667 tonnes of cargo comprising 114,794 tonnes of import cargo and 6,873 tonnes of export cargo including 4,421 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 114,
Published 28 Jul, 2015 12:00am
US Plains HRW wheat bids firmer

US Plains HRW wheat bids firmer

Spot basis bids for US hard red winter wheat were steady to firmer at southern Plains locations on Friday as farmers' wheat sales dried up this week with the slide in futures, grain dealers said. Kansas City wheat September futures fell to a one-month low
Published 28 Jul, 2015 12:00am
China's gold imports from Hong Kong fall to 10-month low

China's gold imports from Hong Kong fall to 10-month low

China's net gold imports from main conduit Hong Kong fell to a 10-month low in June, data showed on Monday, reflecting weak demand from the major consuming nation. Net gold imports from Hong Kong slid to 37.146 tonnes last month from 70.846 tonnes in May,
Published 28 Jul, 2015 12:00am
Healthy profit rise for Philips

Healthy profit rise for Philips

Rising sales of medical equipment helped drive a 12 percent increase in second quarter net profit at Dutch electronics manufacturer Philips, the company said Monday. The net profit attributable to shareholders of 272 million euros ($301 million) was accom
Published 28 Jul, 2015 12:00am
Healthy profit rise for Philips

Healthy profit rise for Philips

Rising sales of medical equipment helped drive a 12 percent increase in second quarter net profit at Dutch electronics manufacturer Philips, the company said Monday. The net profit attributable to shareholders of 272 million euros ($301 million) was accom
Published 28 Jul, 2015 12:00am
Britain, France see euro reform as possible 'win-win'
Currency

Britain, France see euro reform as possible 'win-win'

Britain and France agreed on Monday that efforts by euro zone nations to shore up the single currency after the Greek crisis could go hand-in-hand with wider reforms the UK needs to stay in the European Union. Prime Minister David Cameron wants assurances
Published 28 Jul, 2015 12:00am
Delta to buy stake in China Eastern Airlines for $450 million

Delta to buy stake in China Eastern Airlines for $450 million

Delta Air Lines will buy a stake in China Eastern Airlines as the two carriers strengthen their partnership serving the United States and China, the companies announced Monday. Under a preliminary agreement, Delta will invest $450 million to acquire a 3.5
Published 28 Jul, 2015 12:00am
Delta to buy stake in China Eastern Airlines for $450 million

Delta to buy stake in China Eastern Airlines for $450 million

Delta Air Lines will buy a stake in China Eastern Airlines as the two carriers strengthen their partnership serving the United States and China, the companies announced Monday. Under a preliminary agreement, Delta will invest $450 million to acquire a 3.5
Published 28 Jul, 2015 12:00am
Ukraine puts new debt restructuring proposals to creditors

Ukraine puts new debt restructuring proposals to creditors

Heavily indebted Ukraine has made new proposals to its creditors for restructuring $23 billion of foreign debt and is now awaiting their response, Finance Minister Natalia Yaresko said on Monday. She declined to give reporters any details of the proposals
Published 28 Jul, 2015 12:00am
US business capital spending gauge rebounds in boost for factories

US business capital spending gauge rebounds in boost for factories

A gauge of US business investment plans rebounded solidly in June, suggesting the drag on manufacturing from capital spending cuts was starting to ebb. The slightly upbeat report bolsters the economic growth outlook and supports views the Federal Reserve
Published 28 Jul, 2015 12:00am
French farmers lift blockade of German, Spanish food lorries

French farmers lift blockade of German, Spanish food lorries

French farmers furious over falling food prices stopped as many as 400 lorries bringing produce from Germany for several hours on Monday, as a similar protest took place near the Spanish frontier. The farmers later lifted the blockade near the German bord
Published 28 Jul, 2015 12:00am
UBS profits jump 53 percent despite Libor guilty plea
Libor

UBS profits jump 53 percent despite Libor guilty plea

Switzerland's largest bank UBS on Monday posted a 53 percent rise in second quarter profits, in its first results since agreeing to plead guilty to fraud as part of the Libor manipulation case. The bank brought in profits of 1.2 billion Swiss francs ($1.2
Published 28 Jul, 2015 12:00am
UBS profits jump 53 percent despite Libor guilty plea
Libor

UBS profits jump 53 percent despite Libor guilty plea

Switzerland's largest bank UBS on Monday posted a 53 percent rise in second quarter profits, in its first results since agreeing to plead guilty to fraud as part of the Libor manipulation case. The bank brought in profits of 1.2 billion Swiss francs ($1.2
Published 28 Jul, 2015 12:00am
EU suspends sale of 700 generic drugs made in India

EU suspends sale of 700 generic drugs made in India

European Union nations have until August 20 to suspend the sale of some 700 generic drugs made in India, the EU's executive confirmed on Monday. The European Commission took the action after an Indian firm contracted by drug companies to test the medicati
Published 28 Jul, 2015 12:00am
China June industrial profits fall 0.3 percent

China June industrial profits fall 0.3 percent

Chinese industrial profits, which rose on an annual basis in April and May, dropped in June, adding to pressures on a economy that is struggling to regain momentum. Profit at China's industrial firms dropped 0.3 percent in June from a year earlier, the Na
Published 28 Jul, 2015 12:00am
Western Union restarts money transfer service in Greece

Western Union restarts money transfer service in Greece

Western Union Co said on Monday it had restarted its money transfer service in Greece, allowing customers there to receive funds from overseas at some locations. The world's largest money transfer company said about 270 agent locations out of 1,000 have b
Published 28 Jul, 2015 12:00am
EU steps up PR campaign to overcome US trade deal hostility

EU steps up PR campaign to overcome US trade deal hostility

In early 2013, President Barack Obama's call for a US-EU trade deal generated such optimism in Europe that the graffiti "NO TAFTA, NO TTIP" scrawled under a bridge near the EU headquarters in Brussels was an isolated message of dissent. More than two year
Published 28 Jul, 2015 12:00am
WTO formally accepts Kazakhstan as new member

WTO formally accepts Kazakhstan as new member

The World Trade Organisation on Monday formally accepted Kazakhstan's bid to join the body, ending nearly two decades of negotiations that the WTO has called among the most challenging in its history. Meeting at its headquarters in Geneva, the WTO General
Published 28 Jul, 2015 12:00am
Oil, earnings and global equities weigh on Gulf

Oil, earnings and global equities weigh on Gulf

Middle East stock markets extended losses on Monday because of mostly disappointing earnings announcements, a fresh drop in oil prices, and a decline in global equities following a fresh rout in China. Brent dropped 2 percent and all major stock benchmark
Published 28 Jul, 2015 12:00am
Tokyo shares close 0.95 percent lower on stronger yen

Tokyo shares close 0.95 percent lower on stronger yen

Tokyo stocks fell 0.95 percent lower on Monday, hit by weak US corporate results and a stronger yen, as Japan's latest earnings season gets under way. The Nikkei 225 index at the Tokyo Stock Exchange slipped 194.43 points to 20,350.10, while the Topix ind
Published 28 Jul, 2015 12:00am
New York Midday trading: Wall Street slumps after China stocks stumble

New York Midday trading: Wall Street slumps after China stocks stumble

Wall Street began the week in the red on Monday and fell sharply on concerns about China's slowing growth in the wake of the biggest drop in Shanghai shares in eight years. China's top securities regulator, China Securities Regulatory Commission, said on
Published 28 Jul, 2015 12:00am
Southeast Asia Stocks: most fall; Thai index at seven-month low

Southeast Asia Stocks: most fall; Thai index at seven-month low

Most Southeast Asian stock markets fell on Monday on weak sentiment after losses in Asian stocks, with the Thai index hitting a more-than-seven-month low after weaker-than-expected exports in June. The Thai benchmark was down 1.57 percent at 1,415.50, the
Published 28 Jul, 2015 12:00am
Deutsche Boerse raises medium-term outlook after acquisitions

Deutsche Boerse raises medium-term outlook after acquisitions

Deutsche Boerse raised its medium-term guidance after sealing the acquisitions of foreign exchange platform 360T and of two index groups over the weekend. The German stock market operator said on Monday that it would now seek to hike its earnings before i
Published 28 Jul, 2015 12:00am
European shares close sharply lower
Currency

European shares close sharply lower

European equities dropped to a two-week low on Monday, recording their fifth straight daily decline, as fears for China's growth prospects overshadowed some forecast-beating results. A slightly better-than-expected July reading from the German IFO busines
Published 28 Jul, 2015 12:00am
Britain's FTSE falls for fifth session in a row

Britain's FTSE falls for fifth session in a row

Britain's top share index fell for the fifth session in a row on Monday, weighed down by media group Pearson and commodity stocks which pushed the market towards six-month lows reached last week. The bluechip FTSE 100 index ended 1.1 percent lower at 6,50
Published 28 Jul, 2015 12:00am
Planet Fitness expected to be valued at about $1.58 billion in IPO

Planet Fitness expected to be valued at about $1.58 billion in IPO

Planet Fitness Inc, known for its "judgement free zone" fitness centers and low prices, is expected to be valued at nearly $1.58 billion in its initial public offering. The company expects the offering of 13.5 million class A shares to be priced at $14-$1
Published 28 Jul, 2015 12:00am
Planet Fitness expected to be valued at about $1.58 billion in IPO

Planet Fitness expected to be valued at about $1.58 billion in IPO

Planet Fitness Inc, known for its "judgement free zone" fitness centers and low prices, is expected to be valued at nearly $1.58 billion in its initial public offering. The company expects the offering of 13.5 million class A shares to be priced at $14-$1
Published 28 Jul, 2015 12:00am
Hong Kong stocks close down 3.09 percent

Hong Kong stocks close down 3.09 percent

Hong Kong stocks closed 3.09 percent lower Monday following a sharp drop in share prices in mainland China on growing concerns about a slowdown in the world's second-largest economy. The benchmark Hang Seng index slipped 776.55 points to 24,351.96 on turn
Published 28 Jul, 2015 12:00am
Chinese shares tumble 8.5 percent in biggest one-day drop since 2007

Chinese shares tumble 8.5 percent in biggest one-day drop since 2007

Chinese shares slid more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations ran out of steam, throwing Beijing's efforts to stave off a deeper crash into doubt. Major indexes suffered their largest one-day drop since
Published 28 Jul, 2015 12:00am
BoE survey shows FX volumes dipping after SNB shock
Currency

BoE survey shows FX volumes dipping after SNB shock

Average daily volumes of trading in the currency markets fell back from record highs in the six months to April, digesting a shock decision by the Swiss National Bank to jettison a cap on the franc, a regular survey by the Bank of England showed. The drop
Published 28 Jul, 2015 12:00am