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Print - 2015-08-01
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Aug, 2015 12:00am
Jalaluddin Haqqani dead?

Jalaluddin Haqqani dead?

Taliban sources have claimed on Friday that Haqqani network chief Jalaluddin Haqqani also passed away one year ago and was buried in Afghanistan. According to a private television channel, the Taliban sources have claimed that Jalaluddin Haqqani, who is f
Published 01 Aug, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Aug, 2015 12:00am
Jalaluddin Haqqani dead?

Jalaluddin Haqqani dead?

Taliban sources have claimed on Friday that Haqqani network chief Jalaluddin Haqqani also passed away one year ago and was buried in Afghanistan. According to a private television channel, the Taliban sources have claimed that Jalaluddin Haqqani, who is f
Published 01 Aug, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Aug, 2015 12:00am
Pragmatic heir to Taliban leadership

Pragmatic heir to Taliban leadership

The new Afghan Taliban leader Mullah Akhtar Mansour has a reputation as a relative moderate who favours peace talks with the government - but his leadership already faces challenges to its legitimacy. For some Mansour was the obvious choice to succeed Mul
Published 01 Aug, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Aug, 2015 12:00am
Pragmatic heir to Taliban leadership

Pragmatic heir to Taliban leadership

The new Afghan Taliban leader Mullah Akhtar Mansour has a reputation as a relative moderate who favours peace talks with the government - but his leadership already faces challenges to its legitimacy. For some Mansour was the obvious choice to succeed Mul
Published 01 Aug, 2015 12:00am
Pragmatic heir to Taliban leadership

Pragmatic heir to Taliban leadership

The new Afghan Taliban leader Mullah Akhtar Mansour has a reputation as a relative moderate who favours peace talks with the government - but his leadership already faces challenges to its legitimacy. For some Mansour was the obvious choice to succeed Mul
Published 01 Aug, 2015 12:00am
Double taxation: FBR restrained from taking coercive action

Double taxation: FBR restrained from taking coercive action

The Sindh High Court (SHC) has restrained the Federal Board of Revenue (FBR) from taking any coercive action against the stockbrokers who are resisting double taxation on brokerage services by the federal and Sindh governments. The SHC's stay order came i
Published 01 Aug, 2015 12:00am
SEC affirms relevance of full market view in letter to BATS

SEC affirms relevance of full market view in letter to BATS

US securities regulators last week affirmed the importance of "consolidated" quotes and stock prices, a reminder that brokers must provide clients the most complete view of the market and that any subset is not enough. The letter from the US Securities an
Published 01 Aug, 2015 12:00am
Number of active SIMs reaches 114.74 million by June 15

Number of active SIMs reaches 114.74 million by June 15

The numbers of active SIMs increased by 2.34 million during last one month and reached 114.74 million, which fell to 111.5 million following the SIMs verification drive using Biometric Verification System (BVS). Out of the targeted 103 million active SIMs
Published 01 Aug, 2015 12:00am
Action against 'Afghan Basti' Treasury, opposition on the same page

Action against 'Afghan Basti' Treasury, opposition on the same page

The opposition as well as treasury members of the National Assembly Friday urged the government to remove illegal settlements/encroachments and take action against slums dwellers along with occupants of state land sans discrimination.
Published 01 Aug, 2015 12:00am
Chitral, Gilgit-Baltistan regions: FOCUS Pakistan responds to flooding

Chitral, Gilgit-Baltistan regions: FOCUS Pakistan responds to flooding

Focus Humanitarian Assistance (FOCUS) has been providing relief to villages in Chitral District in Khyber Pakhtunkhwa Province, Pakistan, which has been affected by devastating floods resulting from monsoon rains and glacial outbursts. Flash flooding and
Published 01 Aug, 2015 12:00am
Afghan katchi abadi: CDA demolishes another 500 houses

Afghan katchi abadi: CDA demolishes another 500 houses

The Capital Development Authority (CDA) continued its operation against illegal Afghan Katchi Abadi of Sector I-11 for the second day and demolished about 500 houses. The authority teams on Friday conducted operation against illegal settlements of sector
Published 01 Aug, 2015 12:00am
US lauds Pakistan's role in Afghan reconciliation process

US lauds Pakistan's role in Afghan reconciliation process

The US has lauded Pakistan's role in dialogue process between Kabul and Afghan Taliban, saying that Islamabad has played a helpful role in the reconciliation process. Mark C Toner, Deputy Spokesperson for US State Department, in daily press briefing said,
Published 01 Aug, 2015 12:00am
Two Iranian oil companies removed from EU sanctions list

Two Iranian oil companies removed from EU sanctions list

The European Union has removed two Iranian oil companies from its sanctions list, the first such action since Iran reached a nuclear agreement with world powers earlier this month, a notice from the British finance ministry said on Friday. Petropars Opera
Published 01 Aug, 2015 12:00am
'PKK attack' kills two police as Turkey tension mounts

'PKK attack' kills two police as Turkey tension mounts

Two more Turkish police were killed Friday in an attack blamed on Kurdish militants as tensions in the country boiled over amid the military's cross-border bombing campaign against extremists in Syria and Iraq. With Prime Minister Ahmet Davutoglu vowing t
Published 01 Aug, 2015 12:00am
Greek Prime Minister defends controversial 'Plan B' for euro zone exit

Greek Prime Minister defends controversial 'Plan B' for euro zone exit

Prime Minister Alexis Tsipras acknowledged on Friday that his government had made covert contingency plans in case Greece was forced out of the euro, but rejected accusations that he had plotted a return to the drachma. Tsipras was forced to respond to th
Published 01 Aug, 2015 12:00am
Houthis lose ground in Yemen's south

Houthis lose ground in Yemen's south

Southern Yemeni fighters backed by a Saudi-led air coalition seized more territory from Houthi militiamen near Aden on Friday, while three Saudi soldiers were killed when the kingdom came under shelling from Yemen, in an apparent Houthi attack.
Published 01 Aug, 2015 12:00am
Erdogan wants early elections if no coalition

Erdogan wants early elections if no coalition

Turkish President Recep Tayyip Erdogan has called for early elections if efforts to form a coalition yield no results after the ruling party lost its overall majority in June 7 elections, media reported on Friday. Turkey is without a full time government
Published 01 Aug, 2015 12:00am
Gunmen open fire at Sri Lanka election rally, one dead

Gunmen open fire at Sri Lanka election rally, one dead

One person was killed and 13 wounded on Friday in a drive-by shooting at a Sri Lankan election rally attended by the finance minister, a further act of political violence in a nation still recovering from civil war. Finance Minister Ravi Karunanayake call
Published 01 Aug, 2015 12:00am
Al Qaeda in Syria claims capture of US-backed rebels

Al Qaeda in Syria claims capture of US-backed rebels

Al Qaeda's Syria affiliate, Al-Nusra Front, said Friday it had captured "moderate" rebel fighters who had received training from the United States. Al-Nusra accused Washington of recruiting "forces from what it calls 'the moderate opposition'... to underg
Published 01 Aug, 2015 12:00am
UN slams terrorist act after Palestinian toddler killed

UN slams terrorist act after Palestinian toddler killed

UN chief Ban Ki-moon on Friday condemned the killing of an 18-month-old baby in an arson attack by suspected Jewish settlers in the Israeli-occupied West Bank. Ban called on the perpetrators of what he called a "terrorist act" to face justice, and express
Published 01 Aug, 2015 12:00am
WFP forced to cut food aid for Syrian refugees by half

WFP forced to cut food aid for Syrian refugees by half

The UN World Food Programme has cut by half the amount of food assistance it can give to hundreds of thousands of Syrian refugees in Jordan and Lebanon due to lack of funds, the agency said on Friday. The WFP was forced to halt its regional food assistanc
Published 01 Aug, 2015 12:00am
Clinton rips rival Bush on his home turf

Clinton rips rival Bush on his home turf

Hillary Clinton launched a broadside Friday against White House rival Jeb Bush, accusing the Republican in his home state of failing to tackle discrimination or improve conditions for minorities. Clinton spoke at a National Urban League leadership confere
Published 01 Aug, 2015 12:00am
Nigeria attacks kill 16 as force chief promises to crush Boko Haram

Nigeria attacks kill 16 as force chief promises to crush Boko Haram

A female suicide bomber and Boko Haram gunmen killed 16 people in Nigeria as the commander of a new multinational force tasked with fighting the Islamists pledged on Friday to crush the insurgency "very soon". Major General Iliya Abbah's appointment in an
Published 01 Aug, 2015 12:00am
Debris brings MH370 mystery 'closer' than ever to answers

Debris brings MH370 mystery 'closer' than ever to answers

Plane debris that washed up on an Indian Ocean island is from a Boeing 777, Malaysian authorities said Friday, making it almost certainly the first piece of wreckage recovered from missing flight MH370. If confirmed by analysis of the debris, which will b
Published 01 Aug, 2015 12:00am
Bell sees England to Ashes series lead over Australia

Bell sees England to Ashes series lead over Australia

Ian Bell delighted a capacity crowd at his Edgbaston home ground with a sparkling unbeaten fifty as England defeated Australia by eight wickets to win the third Test on Friday. Victory, achieved with more than two days to spare, saw England go 2-1 up in t
Published 01 Aug, 2015 12:00am
Bangladesh-South Africa: Heavy rain washes out second day in Dhaka

Bangladesh-South Africa: Heavy rain washes out second day in Dhaka

The entire second day's play in the second and final test between Bangladesh and South Africa was wiped out on Friday as rain continued to wreak havoc in the series. Heavy downpours washed out the morning session and rain was pouring again in the afternoo
Published 01 Aug, 2015 12:00am
Jayasuriya hopeful for cricket revival in Pakistan

Jayasuriya hopeful for cricket revival in Pakistan

Former Sri Lankan captain Sanath Jayasuriya expressed optimism Friday that more international cricket matches would be held in Pakistan and said the security situation was improving in the country. The 46-year-old, who is in Pakistan for the ongoing serie
Published 01 Aug, 2015 12:00am
British boxer Amir Khan arrives in Lahore

British boxer Amir Khan arrives in Lahore

British boxer Amir Khan arrived on Friday with his wife and daughter on a three-day tour of Pakistan. While talking to the media, he said he had brought his wife and daughter to Pakistan for the very first time and they were really happy to be here. He al
Published 01 Aug, 2015 12:00am
Real Madrid beat AC Milan 10-9 on penalties

Real Madrid beat AC Milan 10-9 on penalties

A miss by AC Milan's 16-year-old reserve goalkeeper gave Real Madrid a 10-9 penalty shoot-out victory in an exhibition match in Shanghai on Thursday. The shoot-out followed a 0-0 stalemate after 90 minutes and sealed victory for Real Madrid in the China e
Published 01 Aug, 2015 12:00am
NBA stars gather for first game in Africa

NBA stars gather for first game in Africa

Basketball stars including Chris Paul of the Los Angeles Clippers and Luol Deng of Miami Heat warmed up Friday for the NBA's first game in Africa, as the sport looks to expand into the continent. The sold-out exhibition game at the Ellis Park arena in Joh
Published 01 Aug, 2015 12:00am
Villas-Boas bullish as Zenit tackle Terek

Villas-Boas bullish as Zenit tackle Terek

Reigning champions Zenit St Petersburg aim to extend their perfect start to the new season when they face Terek Grozny in the Russian Premier League on Saturday. Andre Villas-Boas' Zenit share the lead in the Premiership with two Moscow sides, last season
Published 01 Aug, 2015 12:00am
China sees justice in 'historic' Olympics award

China sees justice in 'historic' Olympics award

IOC president Thomas Bach hailed the award of the 2022 Winter Olympics to Beijing on Friday as a "safe" and "historic" decision while the Chinese capital's mayor indicated that it was putting right a historical injustice. The International Olympic Committ
Published 01 Aug, 2015 12:00am
Touseef bags gold in LA

Touseef bags gold in LA

Pakistani Special athlete Touseef-ul-Hasan bagged a gold medal in 10 km race at Los Angles in the Special Olympics World Games 2015. His timing was 22:58:90, Silver medallist Albalooshi Moosa of UAE was only less than two seconds behind with 23:00:16. Bro
Published 01 Aug, 2015 12:00am
Liverpool misfit Lambert joins West Brom

Liverpool misfit Lambert joins West Brom

Striker Rickie Lambert has joined West Bromwich Albion from Liverpool on a two-year contract, his new club announced on Friday. The 33-year-old England international has signed for an undisclosed fee believed to be around £3 million ($4.7 million, 4.3 mil
Published 01 Aug, 2015 12:00am
Woods takes route 66 to soar into contention

Woods takes route 66 to soar into contention

Tiger Woods celebrated a lengthy birdie putt on his penultimate hole with one of his trademark fist pumps on the way to his lowest round of the year with regard to par at the Quicken Loans National in Virginia on Friday. Woods, who has mainly struggled on
Published 01 Aug, 2015 12:00am
UK's FTSE rises for fourth day, Rolls Royce rallies

UK's FTSE rises for fourth day, Rolls Royce rallies

Britain's top equity index gained ground for the fourth day in a row on Friday, lifted by a rise in the shares of engine maker Rolls Royce and cruise ship company Carnival. The blue-chip FTSE 100 index closed up 0.4 percent at 6,696.28 points. The FTSE is
Published 01 Aug, 2015 12:00am
Kenyan stocks fall to 30-month low

Kenyan stocks fall to 30-month low

Kenya's main stock index weakened to its lowest level in 2-1/2 years, dragged nearly 2 percent lower by banking stocks, while the shilling closed weaker as importers bought dollars. On the Nairobi Securities Exchange, the main NSE-20 Share Index was down
Published 01 Aug, 2015 12:00am
Vietnam index ends down 0.9 percent

Vietnam index ends down 0.9 percent

Vietnam's benchmark VN Index fell 0.88 percent on Friday, with most big-caps losing ground as investors were cautious ahead of a Pacific trade talks results due in the next hours. The index closed at 621.06 points, its lowest since July 21. Vietcombank, t
Published 01 Aug, 2015 12:00am
Australian shares rise

Australian shares rise

Australian shares rose 0.52 percent on Friday, gaining for the first month since February, as investors bought into higher yielding financial sector stocks and risk appetites improved on more upbeat US economic outlook. The S&P/ASX 200 index rose 29.677 p
Published 01 Aug, 2015 12:00am
European shares edge lower, commodity stocks weigh

European shares edge lower, commodity stocks weigh

European shares fell slightly after hitting a one-week high on Friday, with commodity stocks leading the market lower after prices of crude oil and major industrial metals dropped on supply-demand concerns. The European oil and gas index fell 1 percent as
Published 01 Aug, 2015 12:00am
Indian shares end higher; banks lead gains

Indian shares end higher; banks lead gains

Indian shares ended more than 1 percent higher on Friday, led by banks on the government's plan to inject extra capital into state-run lenders struggling with bad loans, and as worries over corporate earnings eased. The BSE index ended up 1.48 percent, wh
Published 01 Aug, 2015 12:00am
Shanghai stocks close down 1.13 percent

Shanghai stocks close down 1.13 percent

Shanghai shares closed down 1.13 percent on Friday, after the market regulator announced a crackdown on computerised programme selling that it blamed for recent volatility, dealers said. The benchmark Shanghai Composite Index dropped 42.04 points to 3,663
Published 01 Aug, 2015 12:00am
Dutch government says to keep lid on ABN Amro IPO costs

Dutch government says to keep lid on ABN Amro IPO costs

The Dutch government agency overseeing the initial public offering of nationalized bank ABN Amro said on Thursday investment banks co-ordinating the listing would receive only modest compensation, and no base pay. The Netherlands Financial Investments (NL
Published 01 Aug, 2015 12:00am
Dutch government says to keep lid on ABN Amro IPO costs

Dutch government says to keep lid on ABN Amro IPO costs

The Dutch government agency overseeing the initial public offering of nationalized bank ABN Amro said on Thursday investment banks co-ordinating the listing would receive only modest compensation, and no base pay. The Netherlands Financial Investments (NL
Published 01 Aug, 2015 12:00am
Yield curve flatter after upbeat US growth data

Yield curve flatter after upbeat US growth data

US Treasuries prices were mixed on Thursday and the yield curve turned flatter following strong US economic growth data that led to gains for longer-dated debt and stable short-end prices as expectations of a September US rate rise heightened. Economic gr
Published 01 Aug, 2015 12:00am
Yield curve flatter after upbeat US growth data

Yield curve flatter after upbeat US growth data

US Treasuries prices were mixed on Thursday and the yield curve turned flatter following strong US economic growth data that led to gains for longer-dated debt and stable short-end prices as expectations of a September US rate rise heightened. Economic gr
Published 01 Aug, 2015 12:00am
Hang Seng index ends up but Chinese companies falter

Hang Seng index ends up but Chinese companies falter

Hong Kong's benchmark Hang Seng index ended higher on Friday, but an index tracking Chinese companies fell following ailing mainland shares. The Hang Seng index rose 0.6 percent to close at 24,636.28 points. It fell around 2 percent on the week and slumpe
Published 01 Aug, 2015 12:00am
Wall Street ends flat; LinkedIn jumps after the bell

Wall Street ends flat; LinkedIn jumps after the bell

Wall Street ended flat on Thursday as investors digested ho-hum corporate earnings and new data showed that the economy grew more quickly in the second quarter. Procter & Gamble, Facebook and Whole Foods Market all fell after quarterly reports that left i
Published 01 Aug, 2015 12:00am
Early New York trade: Wall Street higher

Early New York trade: Wall Street higher

Wall Street rose in afternoon trading on Friday after an historically weak reading of US wage growth lent weight to the view that the US Federal Reserve could delay a rate increase. All three major indexes were poised to end the month higher as earnings r
Published 01 Aug, 2015 12:00am
Nikkei idles as investors await more blue-chip earnings

Nikkei idles as investors await more blue-chip earnings

Japan's Nikkei share average was little changed on Friday as investors awaited more earnings from blue-chip companies and looked for signs of whether China's volatile stock markets were starting to take a toll on its economy. The Nikkei share average was
Published 01 Aug, 2015 12:00am
South African shares recoup July losses

South African shares recoup July losses

South African shares rose for a third straight session on Friday, led by Telkom which reported an increase in first quarter revenue, offsetting a plunge by resource companies. Shares in the fixed-line operator rose 7.86 percent to 61.48 rand, its biggest
Published 01 Aug, 2015 12:00am
South East Asia Stocks: Indonesia posts biggest gain in nearly 16 months

South East Asia Stocks: Indonesia posts biggest gain in nearly 16 months

Southeast Asian stock markets mostly ended higher on Friday, with Indonesia's main index having its best day in nearly 16 months despite disappointing earnings from blue-chip companies. Indonesian stocks closed 1.9 percent higher, their biggest gain since
Published 01 Aug, 2015 12:00am
US wins WTO ruling on Chinese speciality steel tariffs

US wins WTO ruling on Chinese speciality steel tariffs

China failed to comply with a World Trade Organisation ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The ruling noted, however, that China had stopped applying the
Published 01 Aug, 2015 12:00am
ExxonMobil earnings dive on lower oil prices

ExxonMobil earnings dive on lower oil prices

ExxonMobil reported Friday second-quarter earnings plunged by more than 50 percent following the big drop in crude oil prices. Earnings came in at $4.2 billion, down 52.3 percent from the year-ago period and the weakest quarterly profit since 2009. Revenu
Published 01 Aug, 2015 12:00am
ExxonMobil earnings dive on lower oil prices

ExxonMobil earnings dive on lower oil prices

ExxonMobil reported Friday second-quarter earnings plunged by more than 50 percent following the big drop in crude oil prices. Earnings came in at $4.2 billion, down 52.3 percent from the year-ago period and the weakest quarterly profit since 2009. Revenu
Published 01 Aug, 2015 12:00am
Sharp to exit Americas TV market after deep first quarter loss

Sharp to exit Americas TV market after deep first quarter loss

Sharp Corp on Friday said it would exit the TV set business in the Americas and consider more steps to shore up its finances, after reporting a deeper-than-expected quarterly loss on weak sales of smartphone displays. The Japanese electronics maker said i
Published 01 Aug, 2015 12:00am
Sharp to exit Americas TV market after deep first quarter loss

Sharp to exit Americas TV market after deep first quarter loss

Sharp Corp on Friday said it would exit the TV set business in the Americas and consider more steps to shore up its finances, after reporting a deeper-than-expected quarterly loss on weak sales of smartphone displays. The Japanese electronics maker said i
Published 01 Aug, 2015 12:00am
US wage growth brakes in second quarter; consumer sentiment slips

US wage growth brakes in second quarter; consumer sentiment slips

US labour costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labour market slack. The surpr
Published 01 Aug, 2015 12:00am
Facing default, Ukraine gets small debt write-off offer

Facing default, Ukraine gets small debt write-off offer

Cash-trapped Ukraine moved a step closer Friday to avoiding a devastating default thanks to a new offer that would see its creditors accept a small debt write-off. The proposal that sources said was submitted by Franklin Templeton and three other US finan
Published 01 Aug, 2015 12:00am
IMF approves $1.7 billion loan installment

IMF approves $1.7 billion loan installment

The International Monetary Fund announced Friday the approval of a $1.7 billion loan installment to Ukraine despite uncertainty about the country's debt sustainability and a conflict with separatist forces. The IMF executive board backed the release of th
Published 01 Aug, 2015 12:00am
Japan June inflation stalls, spending unexpectedly falls

Japan June inflation stalls, spending unexpectedly falls

Japan's annual core consumer inflation stalled and household spending unexpectedly fell in June, underscoring the challenges the central bank faces in reflating the economy to meet its ambitious 2 percent price target. But the central bank is set to hold
Published 01 Aug, 2015 12:00am
P&G earnings dive on lower sales, Venezuela charge
Currency

P&G earnings dive on lower sales, Venezuela charge

Procter & Gamble offered a tepid sales outlook Thursday after reporting a huge drop in quarterly earnings due to lower revenues and a big charge in its Venezuelan operations. Net income for the quarter ending June 30, P&G's fourth fiscal quarter of 2015,
Published 01 Aug, 2015 12:00am
P&G earnings dive on lower sales, Venezuela charge
Currency

P&G earnings dive on lower sales, Venezuela charge

Procter & Gamble offered a tepid sales outlook Thursday after reporting a huge drop in quarterly earnings due to lower revenues and a big charge in its Venezuelan operations. Net income for the quarter ending June 30, P&G's fourth fiscal quarter of 2015,
Published 01 Aug, 2015 12:00am
Deutsche Bank to freeze executive bonuses
Libor

Deutsche Bank to freeze executive bonuses

Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said. Deutsche Bank has been hit
Published 01 Aug, 2015 12:00am
Western companies look hard at China as growth slows

Western companies look hard at China as growth slows

The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of the
Published 01 Aug, 2015 12:00am
Ivory Coast forward sells 1.3 million tonnes of cocoa

Ivory Coast forward sells 1.3 million tonnes of cocoa

The world's top cocoa producer Ivory Coast has forward sold some 1.3 million tonnes of its 2015/2016 harvest, accounting for roughly three-quarters of the forecast crop of 1.7 million tonnes, finance ministry sources said on Thursday. The West African nat
Published 01 Aug, 2015 12:00am
Prices stabilise on cotton market due to quality factors
Cotton

Prices stabilise on cotton market due to quality factors

Prices firm on the cotton market on Friday due to selective buying by mills and spinners, dealers said. The official spot rate was unchanged at Rs 4700, dealers said. Seed cotton prices in Sindh were at Rs 1700-2200 and in the Punjab rates were at Rs 1723
Published 01 Aug, 2015 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 123,349 tonnes of cargo comprising 105,583 tonnes of import cargo and 17,766 tonnes of export cargo including 3,956 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 105
Published 01 Aug, 2015 12:00am
European wheat prices edge higher

European wheat prices edge higher

European wheat prices edged higher on Tuesday after hitting a one-month low the previous day and supported by a rise on US markets, traders said. December milling wheat, the new-crop benchmark on Euronext, was 1.00 euro or 0.5 percent higher by 1543 GMT t
Published 01 Aug, 2015 12:00am
US natural gas futures up on short covering

US natural gas futures up on short covering

US natural gas futures climbed 2.3 percent to the highest in a week on short covering ahead of the expiration of the August contract as a heat wave baked the Northeast, keeping power sector demand for air conditioning high. On its last day as the front-mo
Published 01 Aug, 2015 12:00am
US FOB Gulf soyabean premiums firmer

US FOB Gulf soyabean premiums firmer

US Gulf soyabean export premiums were mostly steady to firm on Wednesday, underpinned by rising CIF barge basis values and moderate export demand for mostly new-crop shipments, traders said. Chinese importers continue to book the majority of their soyabea
Published 01 Aug, 2015 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 01 Aug, 2015 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,105 million. The number of lots traded was 24.24 million and PMEX Commodity Index closed at 2,568. Major business was contributed by gold amounting to PKR 4,099 million. This was f
Published 01 Aug, 2015 12:00am
US spring wheat prospects second highest since 1994

US spring wheat prospects second highest since 1994

Spring wheat yield prospects in north-west and central North Dakota are not quite as strong as a year ago but are still the second-highest since at least 1994, scouts on an annual crop tour said on Wednesday. The Wheat Quality Council tour calculated an a
Published 01 Aug, 2015 12:00am
Ecobank says working to restructure loans to Nigerian states

Ecobank says working to restructure loans to Nigerian states

Ecobank is working on a plan to restructure its loans to Nigerian states, after putting almost a third of those loans a watch list as the finances of the states grow more precarious, the pan-African lender said on Friday. Ecobank has loaned $150 million t
Published 01 Aug, 2015 12:00am
Italian bond yields in biggest monthly fall in over two years
Currency

Italian bond yields in biggest monthly fall in over two years

Italian bond yields recorded their biggest monthly fall in more than two years on Friday, as Greece's crisis recedes and the euro zone struggles to rid itself of the spectre of deflation. Euro zone bond yields were also subdued after a record-low rise in
Published 01 Aug, 2015 12:00am
Italian bond yields in biggest monthly fall in over two years
Currency

Italian bond yields in biggest monthly fall in over two years

Italian bond yields recorded their biggest monthly fall in more than two years on Friday, as Greece's crisis recedes and the euro zone struggles to rid itself of the spectre of deflation. Euro zone bond yields were also subdued after a record-low rise in
Published 01 Aug, 2015 12:00am
UPS bolsters full-truckload business with $1.8 billion deal

UPS bolsters full-truckload business with $1.8 billion deal

United Parcel Service Inc said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services, the latest deal in a rapidly consolidating logistics industry. Coyote Logistics connects customers
Published 01 Aug, 2015 12:00am
Barclays's ABS cuts reignite regulatory plight

Barclays's ABS cuts reignite regulatory plight

Barclays took the axe to its ABS business last week but its apparent pessimism over the prospects for the European market left many bankers unconvinced, coming as policymakers redouble efforts to revive the sector. The bank dismantled its securitisation b
Published 01 Aug, 2015 12:00am
Meeting with Doval before UNGA session

Meeting with Doval before UNGA session

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz on Friday said that his meeting with Indian counterpart Ajit Doval to discuss terrorism-related and recent Indian allegations will take place prior to the UN General Assemb
Published 01 Aug, 2015 12:00am
WHT on bank transactions: division among traders evident

WHT on bank transactions: division among traders evident

A clear division among traders is evident given the different scheduled dates of protests against 0.6 percent withholding tax on all banking transactions. All Karachi Tajir Ittehad (AKTI) has announced that it will hold a protest demonstration on August 0
Published 01 Aug, 2015 12:00am
WHT on bank transactions: division among traders evident

WHT on bank transactions: division among traders evident

A clear division among traders is evident given the different scheduled dates of protests against 0.6 percent withholding tax on all banking transactions. All Karachi Tajir Ittehad (AKTI) has announced that it will hold a protest demonstration on August 0
Published 01 Aug, 2015 12:00am
WHT on bank transactions: division among traders evident

WHT on bank transactions: division among traders evident

A clear division among traders is evident given the different scheduled dates of protests against 0.6 percent withholding tax on all banking transactions. All Karachi Tajir Ittehad (AKTI) has announced that it will hold a protest demonstration on August 0
Published 01 Aug, 2015 12:00am
Dar invites APTMA to mull over issues today

Dar invites APTMA to mull over issues today

The Federal Minister for Finance Ishaq Dar has invited the All Pakistan Textile Mills Association leadership for a meeting in Islamabad on Saturday (today) to mull over the textile industry issues and avert its strike call of August 7. The Association has
Published 01 Aug, 2015 12:00am
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