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Print - 2015-08-18
Citigroup pays $180 million to settle hedge fund fraud case

Citigroup pays $180 million to settle hedge fund fraud case

US securities regulators ordered two Citigroup affiliates Monday to pay $180 million to settle charges that they defrauded investors by falsely claiming a pair of hedge funds were low-risk. Citigroup collected nearly $3 billion from 4,000 investors by cla
Published 18 Aug, 2015 12:00am
Citigroup pays $180 million to settle hedge fund fraud case

Citigroup pays $180 million to settle hedge fund fraud case

US securities regulators ordered two Citigroup affiliates Monday to pay $180 million to settle charges that they defrauded investors by falsely claiming a pair of hedge funds were low-risk. Citigroup collected nearly $3 billion from 4,000 investors by cla
Published 18 Aug, 2015 12:00am
Citigroup pays $180 million to settle hedge fund fraud case

Citigroup pays $180 million to settle hedge fund fraud case

US securities regulators ordered two Citigroup affiliates Monday to pay $180 million to settle charges that they defrauded investors by falsely claiming a pair of hedge funds were low-risk. Citigroup collected nearly $3 billion from 4,000 investors by cla
Published 18 Aug, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Aug, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Aug, 2015 12:00am
Power sector: payables soar by 18 percent to over Rs 313 billion

Power sector: payables soar by 18 percent to over Rs 313 billion

Power sector''s payables have reportedly increased by 18 percent to Rs 313.111 billion as on June 30, 2015 from Rs 265.525 billion during the corresponding period of 2014. Pepco paid Rs 1.0275 trillion on purchased power against billing of Rs 1.062 trilli
Published 18 Aug, 2015 12:00am
Cotton price trend: Punjab CM seeks PM''s intervention
Cotton

Cotton price trend: Punjab CM seeks PM''s intervention

Chief Minister Punjab Shahbaz Sharif has sought Prime Minister Nawaz Sharif''s intervention to address the issue of low price of seed-cotton, which, he argued has led to an untenable situation for the provincial government politically as well as administr
Published 18 Aug, 2015 12:00am
Power sector: payables soar by 18 percent to over Rs 313 billion

Power sector: payables soar by 18 percent to over Rs 313 billion

Power sector's payables have reportedly increased by 18 percent to Rs 313.111 billion as on June 30, 2015 from Rs 265.525 billion during the corresponding period of 2014. Pepco paid Rs 1.0275 trillion on purchased power against billing of Rs 1.062 trillio
Published 18 Aug, 2015 12:00am
Power sector: payables soar by 18 percent to over Rs 313 billion

Power sector: payables soar by 18 percent to over Rs 313 billion

Power sector's payables have reportedly increased by 18 percent to Rs 313.111 billion as on June 30, 2015 from Rs 265.525 billion during the corresponding period of 2014. Pepco paid Rs 1.0275 trillion on purchased power against billing of Rs 1.062 trillio
Published 18 Aug, 2015 12:00am
ST, FED returns: deadline extended to August 21

ST, FED returns: deadline extended to August 21

Federal Board of Revenue (FBR) has extended the date of submission of Sales Tax and Federal Excise return up to 21st August 2015 for the tax period July, 2015 for all registered persons. The extension has been granted under section 74 of the Sales Tax Act
Published 18 Aug, 2015 12:00am
ST, FED returns: deadline extended to August 21

ST, FED returns: deadline extended to August 21

Federal Board of Revenue (FBR) has extended the date of submission of Sales Tax and Federal Excise return up to 21st August 2015 for the tax period July, 2015 for all registered persons. The extension has been granted under section 74 of the Sales Tax Act
Published 18 Aug, 2015 12:00am
ST, FED returns: deadline extended to August 21

ST, FED returns: deadline extended to August 21

Federal Board of Revenue (FBR) has extended the date of submission of Sales Tax and Federal Excise return up to 21st August 2015 for the tax period July, 2015 for all registered persons. The extension has been granted under section 74 of the Sales Tax Act
Published 18 Aug, 2015 12:00am
19 killed, 120 wounded: Bomb in Bangkok 'to destroy economy'

19 killed, 120 wounded: Bomb in Bangkok 'to destroy economy'

A bomb exploded Monday outside a religious shrine in a bustling hub of the Thai capital, killing at least 19 people and injuring more than 120 others in an attack authorities said targeted foreigners. The blast occurred about 6:30 pm (1130 GMT) when the s
Published 18 Aug, 2015 12:00am
19 killed, 120 wounded: Bomb in Bangkok 'to destroy economy'

19 killed, 120 wounded: Bomb in Bangkok 'to destroy economy'

A bomb exploded Monday outside a religious shrine in a bustling hub of the Thai capital, killing at least 19 people and injuring more than 120 others in an attack authorities said targeted foreigners. The blast occurred about 6:30 pm (1130 GMT) when the s
Published 18 Aug, 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 (August 17, 2015).

Published 18 Aug, 2015 12:00am
Wendt extends Gladbach contract

Wendt extends Gladbach contract

Swedish international defender Oscar Wendt has extended his contract with Borussia Moenchengladbach until 2018, the Bundesliga club announced on Monday. "Oscar has become a key player whose experience will be very important this season for our young team,
Published 18 Aug, 2015 12:00am
Swiss teen Bencic wins Toronto title as Halep quits

Swiss teen Bencic wins Toronto title as Halep quits

Swiss teen Belinda Bencic outlasted Simona Halep to win Sunday's WTA Rogers Cup final when the Romanian second seed retired trailing 7-6 (7/5), 6-7 (4/7), 3-0. Bencic, who upset world number one Serena Williams in the semi-finals, broke twice to open the
Published 18 Aug, 2015 12:00am
Murray wins Montreal as coach Mauresmo gives birth

Murray wins Montreal as coach Mauresmo gives birth

Britain's Andy Murray snapped an eight-match losing streak against top-ranked rival Novak Djokovic on Sunday to win the ATP Montreal Masters only hours after his coach Amelie Mauresmo gave birth to a baby boy. The Scotsman, who moves to second in the ATP
Published 18 Aug, 2015 12:00am
United feeling pressure ahead of Bruges visit: Van Gaal

United feeling pressure ahead of Bruges visit: Van Gaal

Manchester United are feeling the pressure ahead of their Champions League qualifier against Club Bruges on Tuesday, according to manager Louis van Gaal. The Dutchman, who has guided his team to two successive Premier League wins at the start of the seaso
Published 18 Aug, 2015 12:00am
FIFA to investigate alleged Platini smear

FIFA to investigate alleged Platini smear

FIFA confirmed on Monday that they will investigate the alleged distribution from their headquarters of an anonymous heavily critical 'dossier' on UEFA president Michel Platini following a complaint from European soccer's governing body. German newspaper
Published 18 Aug, 2015 12:00am
Algerian dinar hits record low
Currency

Algerian dinar hits record low

Algeria's central bank has let the country's currency depreciate to a historic low against the US dollar, a central bank source said Monday, seeking to lower a soaring import bill after vital oil revenues dropped by half. The dinar's weakness risks fuelli
Published 18 Aug, 2015 12:00am
BoE's Forbes' comments support sterling
Currency

BoE's Forbes' comments support sterling

Sterling rose against the euro on Monday, buoyed by comments from Bank of England policymaker Kristin Forbes that reinforced expectations British interest rates will rise in coming months. Forbes, a US academic on the BoE's nine-member monetary policy com
Published 18 Aug, 2015 12:00am
Brazil's currency nears fair value after dramatic decline
Currency

Brazil's currency nears fair value after dramatic decline

The Brazilian real is trading at or near fair value after losing one quarter of its worth since January 1, economists said, suggesting a possible respite for one of the year's most battered currencies. Emerging market currencies in general have been slidi
Published 18 Aug, 2015 12:00am
Firm dollar, yuan worries hurt Asia FX
Currency

Firm dollar, yuan worries hurt Asia FX

Emerging Asian currencies slid on Monday as the dollar climbed on growing expectations of a US rate hike next month, while investors remained wary of further weakness in the Chinese yuan. The renminbi held steady as the central bank fixed its official gui
Published 18 Aug, 2015 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (Previous 05.25-06.50 percent).
Published 18 Aug, 2015 12:00am
Dollar gains on Fed rate outlook, dimming yuan scare
Currency

Dollar gains on Fed rate outlook, dimming yuan scare

The dollar advanced on Monday, rising against a basket of currencies for the third straight session, as traders focused on potential US interest rate hikes and shook off worries about a China-led "currency war." The dollar index hit a one-month low last w
Published 18 Aug, 2015 12:00am
Dollar strengthens as markets shake off yuan scare
Currency

Dollar strengthens as markets shake off yuan scare

The dollar rose against a basket of currencies for a third trading day running on Monday, as worries about a China-led "currency war" abated and traders focused instead on the prospect of higher US interest rates. The dollar index hit a one-month low last
Published 18 Aug, 2015 12:00am
China's yuan closes flat
Currency

China's yuan closes flat

China's yuan closed flat against the dollar on Monday after a historic weekly loss last week, with the market looking for direction on where the currency will move. The People's Bank of China set the midpoint rate at 6.3969 per dollar prior to market open
Published 18 Aug, 2015 12:00am
FTSE closes flat, miners hit six-year low
Currency

FTSE closes flat, miners hit six-year low

Britain's top share index closed flat on Monday, weakened by US data and by mining companies hitting multi-year lows. Britain's FTSE 100 was down 0.44 points, 0.01 percent lower, at 6,550.30 by 1645 GMT. This followed the release of a survey which showed
Published 18 Aug, 2015 12:00am
Australia shares inch higher, but energy a drag

Australia shares inch higher, but energy a drag

Australian shares ended the session 0.2 percent higher on Monday, underpinned by gains in the healthcare and utilities sectors although weak energy stocks capped the market. The S&P/ASX 200 index rose 11.16 points to 5,367.7, but was still close to a seve
Published 18 Aug, 2015 12:00am
South African stocks drop, retailers and financials tumble

South African stocks drop, retailers and financials tumble

South African stocks ended lower on Monday, dragged down by retail and financial sectors that offset strong gains by gold producer AngloGold Ashanti. South African financial services group RMB Holdings was the worst performer on the Johannesburg Securitie
Published 18 Aug, 2015 12:00am
European shares knocked by disappointing US data
Currency

European shares knocked by disappointing US data

European stocks lost ground on Monday afternoon, with the German market bearing the brunt of selling after data showed manufacturing activity in New York state shrank to its weakest level in August since 2009. Benchmark indexes in Paris and Milan held up
Published 18 Aug, 2015 12:00am
Indian stocks end lower amid lack of triggers

Indian stocks end lower amid lack of triggers

Indian shares ended lower on Monday, led by selling in blue-chip stocks as weak Asian markets, a lacklustre parliament session and the absence of any positive earnings trigger weighed on sentiment. The BSE index ended 0.67 percent lower, while the NSE ind
Published 18 Aug, 2015 12:00am
Tokyo stocks close higher after economic data
Currency

Tokyo stocks close higher after economic data

Tokyo stocks rose 0.49 percent Monday, after official data showed Japan's economy contracted at a slower rate than expected last quarter. The Nikkei 225 index at the Tokyo Stock Exchange rose 100.81 points to 20,620.26 while the Topix index of all first-s
Published 18 Aug, 2015 12:00am
Sri Lankan shares end at seven-month high

Sri Lankan shares end at seven-month high

Sri Lankan shares closed at their highest level in seven months in a truncated session on Monday on hopes that political stability after the August 17 parliamentary elections would help boost investor sentiment, brokers said. Sri Lankans went to the polls
Published 18 Aug, 2015 12:00am
Southeast Asia Stocks: Malaysia, Singapore enter oversold territory

Southeast Asia Stocks: Malaysia, Singapore enter oversold territory

Southeast Asian stock markets fell on Monday, with stocks in Malaysia and Singapore drifting into oversold territory after late selling, while Thai shares failed to hold on to early gains and ended lower amid weak economic outlook. The Kuala Lumpur compos
Published 18 Aug, 2015 12:00am
Taiwan stocks down on weak GDP forecast

Taiwan stocks down on weak GDP forecast

Taiwan stocks fell on Monday after the government slashed its GDP growth outlook for the year. As of 0151 GMT, the main TAIEX index fell 0.6 percent, to 8,252.68, slightly trailing a mixed performance in other regional markets. It closed flat at 8,305.64
Published 18 Aug, 2015 12:00am
Wall Street higher after positive housing data
Mutual Funds

Wall Street higher after positive housing data

Wall Street rose in early afternoon on Monday, erasing losses from earlier in the session, in light trading activity after data showed that US homebuilder sentiment in August rose to a near decade-high. US stocks had fallen at the open after data showed a
Published 18 Aug, 2015 12:00am
Hong Kong shares end at one-month low
Currency

Hong Kong shares end at one-month low

Hong Kong's key share index fell to a more than one-month low on Monday, ignoring a firmer close in Chinese stocks, as fears of further depreciation in the yuan drove investors to switch their focus back to the weak local economy. The Hang Seng index fell
Published 18 Aug, 2015 12:00am
Markets fall but Dubai, Egypt hold above chart support

Markets fall but Dubai, Egypt hold above chart support

Most Middle East stock markets fell on Monday as oil prices remained weak, but some shares in Dubai, Saudi Arabia and Egypt rebounded after particularly steep drops in the previous session. Saudi Arabia's main index edged down 0.3 percent to 8,437 points
Published 18 Aug, 2015 12:00am
Beijing tightens grip on home purchases in overheated area

Beijing tightens grip on home purchases in overheated area

Beijing is stepping up curbs on property market speculation after prices surged in one area of the capital, raising concerns some bigger cities may also tighten home purchase rules. China's year-long slump in the housing market has dragged on the economy
Published 18 Aug, 2015 12:00am
Canada's Brookfield to buy freight firm Asciano in $8.84 billion deal

Canada's Brookfield to buy freight firm Asciano in $8.84 billion deal

Canada's Brookfield Infrastructure said it will buy Australia's rail freight firm Asciano Ltd in a deal valued at about A$12 billion ($8.84 billion). Asciano shareholders will receive A$6.94 in cash and A$2.21 in Brookfield Infrastructure Ltd Partnership
Published 18 Aug, 2015 12:00am
Thai economic growth slows, outlook dims on yuan fall
Currency

Thai economic growth slows, outlook dims on yuan fall

Thailand's economy slowed in the second quarter hit by weak domestic demand and exports, official data showed Monday, with growth expected to be hampered by China's devaluation of the yuan. Gross domestic product grew 2.8 percent compared to a year earlie
Published 18 Aug, 2015 12:00am
Nerves mount over StanChart regulatory capital deal
Libor

Nerves mount over StanChart regulatory capital deal

Standard Chartered may have completed its latest regulatory capital relief deal - a US $165m four-year synthetic securitisation of credit risk tied to a portfolio of trade finance receivables - in the nick of time. Although it yields a hefty 9.28%, the de
Published 18 Aug, 2015 12:00am
BoE's Forbes highlights policy paradox for UK rate-setters
Currency

BoE's Forbes highlights policy paradox for UK rate-setters

Bank of England official Kristin Forbes has become the latest rate-setter to highlight the bank's central dilemma: how to square a strong domestic economy, which points to higher interest rates, with global disinflationary forces. Forbes sent the pound hi
Published 18 Aug, 2015 12:00am
Japan economy's contraction a blow for 'Abenomics'
Currency

Japan economy's contraction a blow for 'Abenomics'

Japan's economy contracted last quarter, official data showed Monday, boosting speculation the central bank will be forced to unleash more stimulus as Tokyo's "Abenomics" growth blitz stumbles. The world's third-largest economy shrank 0.4 percent in the t
Published 18 Aug, 2015 12:00am
Slump in Indian corporate earnings set to continue

Slump in Indian corporate earnings set to continue

Corporate India looks to be heading for its fourth consecutive drop in quarterly net profit as companies battle cheap imports and delay investments to expand capacity due to high interest rates. This prolonged slump would make it tougher for Prime Ministe
Published 18 Aug, 2015 12:00am
Foreign firms scramble to fix Iran's refineries once sanctions end

Foreign firms scramble to fix Iran's refineries once sanctions end

International oil services companies are scrambling to win contracts worth tens of billions to repair and modernise Iran's oil refineries once sanctions are removed, with officials even laying on bus tours for visiting foreign executives. Officials from I
Published 18 Aug, 2015 12:00am
Singapore Air seeks Northeast Asia deals after collapsed Jeju talks

Singapore Air seeks Northeast Asia deals after collapsed Jeju talks

Singapore Airlines Ltd (SIA) is continuing to search for growth through partnerships and investment in Northeast Asia, two people close to the company told Reuters, days after tie-up talks collapsed with South Korea budget carrier Jeju Air.
Published 18 Aug, 2015 12:00am
US MIDDAY: gold firmer
Currency

US MIDDAY: gold firmer

Gold firmed on Monday, building on its biggest weekly rise in three months, buoyed by weaker-than-expected US data and lingering uncertainty over the implications of China's yuan devaluation. Gold rallied to its highest since mid-July last week after Beij
Published 18 Aug, 2015 12:00am
US MIDDAY: soyabean steady

US MIDDAY: soyabean steady

Basis bids for soybeans shipped by barge to the US Gulf Coast were mostly steady to firm early on Monday on slow farmer selling and solid demand from some domestic processors, traders said. CIF corn and wheat basis bids were flat amid slow grain movement
Published 18 Aug, 2015 12:00am
Corn lower

Corn lower

Chicago Board of Trade corn futures were narrowly lower on Monday, pressured by scattered US rains that were beneficial for kernel filling, traders said. Narrow bull-spreading saw front-month September corn gaining slightly on the December contract, which
Published 18 Aug, 2015 12:00am
Gold firms as US data hurts dollar, caution over China lingers
Currency

Gold firms as US data hurts dollar, caution over China lingers

Gold firmed on Monday, building on its biggest weekly rise in three months, as weaker than expected US data weighed on the dollar and uncertainty lingered over the implications of China's yuan devaluation. Gold rallied to its highest since mid-July last w
Published 18 Aug, 2015 12:00am
Gold rises in Asian trade
Currency

Gold rises in Asian trade

Gold edged higher on Monday as concerns persisted over a weaker yuan after China devalued its currency last week, with the uncertainty likely to burnish bullion's safe-haven appeal. The weaker yuan could still prompt the US Federal Reserve not to raise in
Published 18 Aug, 2015 12:00am
Arabica coffee eases, near three-month high; sugar dips

Arabica coffee eases, near three-month high; sugar dips

Arabica coffee on ICE dipped on Monday, hovering below a three-month peak touched last week and pressured by a firm dollar, while sugar eased in response to a rapid cane crush in Brazil and cocoa firmed. "People are concerned about a smaller Brazilian ara
Published 18 Aug, 2015 12:00am
Palm oil extends losses on rising inventory, weak demand
Vegetable Oil

Palm oil extends losses on rising inventory, weak demand

Malaysian palm oil futures eased on Monday to extend last week's losses, hurt by rising stockpiles in top producing countries and sluggish demand. The benchmark palm oil contract for November on the Bursa Malaysia Derivatives Exchange closed down 0.15 per
Published 18 Aug, 2015 12:00am
Tokyo rubber hits eight-month low

Tokyo rubber hits eight-month low

Benchmark Tokyo rubber futures fell to an 8-month low on Monday, tracking a drop in Shanghai futures amid lingering worries over weakening demand in the world's top buyer China and as extended falls in oil prices darkened the outlook for commodity markets
Published 18 Aug, 2015 12:00am
ICE Canada canola weak on technicals

ICE Canada canola weak on technicals

ICE Canada canola futures were slightly lower on Monday, pressured by light technical selling even as cool temperatures could slow crop growth in the Canadian Prairies, traders said. Unseasonably cool conditions and the slight risk of frost late this week
Published 18 Aug, 2015 12:00am
Copper slides on China demand concerns and dollar strength
Currency

Copper slides on China demand concerns and dollar strength

Copper prices slid on Monday on prospects for slowing demand in top consumer China, reinforced by last week's move to weaken the yuan, and a higher dollar. Benchmark copper on the London Metal Exchange was untraded at the close but was bid down 1 percent
Published 18 Aug, 2015 12:00am
Shanghai copper fall to 38,510 yuan

Shanghai copper fall to 38,510 yuan

Shanghai copper is expected to break a support at 38,790 yuan per tonne and fall more towards the next support at 38,510 yuan, due to the completion of a five-wave cycle from the August 7 low of 37,310 yuan. These supports are identified respectively as t
Published 18 Aug, 2015 12:00am
ICE cotton hits five-week high as USDA report drives buying
Cotton

ICE cotton hits five-week high as USDA report drives buying

ICE cotton futures rose for the fourth straight session on Monday and touched the highest level since July 10, bolstered by last week's bullish US government forecast. "It's a different world if the USDA numbers are correct," said Jordan Lea, chairman and
Published 18 Aug, 2015 12:00am
CBOT wheat futures up on technical buying

CBOT wheat futures up on technical buying

Chicago Board of Trade wheat futures firmed on Friday on light technical buying and short-covering following this week's two-month low, traders said. K.C. hard red winter wheat futures also rose, rebounding after a five-year low set in the front contract
Published 18 Aug, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 287,309 tonnes of cargo comprising 248,670 tonnes of import cargo and 38,639 tonnes of export cargo including 6,114 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 248
Published 18 Aug, 2015 12:00am
EU wheat futures fall as record French harvest forecast
Currency

EU wheat futures fall as record French harvest forecast

Euronext wheat futures fell on Friday as another forecast calling for a record French harvest reinforced a bearish supply outlook and prevented Paris prices joining a rebound in Chicago. December milling wheat, the most active contract on the Paris-based
Published 18 Aug, 2015 12:00am
Vietnam coffee premiums steady, buying moderate

Vietnam coffee premiums steady, buying moderate

Vietnam's coffee export market did not see many movements because of high offer prices and few purchases by foreign buyers due to thin demand, traders said on Tuesday. The world's biggest robusta producer is still sitting on huge stocks while its next har
Published 18 Aug, 2015 12:00am
Ukraine exports 3.77 million tonnes of grain

Ukraine exports 3.77 million tonnes of grain

Ukraine has exported 3.77 million tonnes of grain so far in the 2015/16 season, the agriculture ministry said on Friday. The volume was comprised of 1.119 million tonnes of maize, 1.437 million tonnes of wheat and 1.204 million tonnes of barley, a ministr
Published 18 Aug, 2015 12:00am
US FOB Gulf soyabean export premiums firm

US FOB Gulf soyabean export premiums firm

US soyabean export premiums at the Gulf Coast were steady to firm on Friday, with prices for autumn shipments rising in tandem with a higher CIF barge basis and expectations for better demand following a drop in prices this week, traders said. Chicago Boa
Published 18 Aug, 2015 12:00am
China's July gold reserves rise by nearly 19 tonnes

China's July gold reserves rise by nearly 19 tonnes

China's gold reserves rose by nearly 19 tonnes in July from June, the central bank said on Friday, disclosing its holdings for the second time in two months in a move seen as a Beijing bid to increase transparency. Before China announced its gold holdings
Published 18 Aug, 2015 12:00am
India's summer crop sowing up

India's summer crop sowing up

The early arrival of monsoon rains has boosted planting of the main summer-sown crops such as rice, pulses and oilseeds in India, government data showed on Friday, though poor rains in July and the first half of August could hit productivity. Farmers in I
Published 18 Aug, 2015 12:00am
Ukraine's grain stocks at 24.5 million tonnes

Ukraine's grain stocks at 24.5 million tonnes

Ukraine's grain stocks totalled 24.5 million tonnes as of August 1, up 17 percent from a year earlier, the State Statistics Service said on Friday. Stocks at large and medium-sized agriculture companies included 17.5 million tonnes of wheat, 4.2 million t
Published 18 Aug, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Friday, at Pakistan Mercantile Exchange (PMEX) value traded was PKR 7,807 million. The number of lots traded was 45.16 million. PMEX Commodity Index closed at 2,533. Major business was contributed by gold amounting to PKR 6,414 million. This was follow
Published 18 Aug, 2015 12:00am
Modest trade on grain market
Cotton

Modest trade on grain market

Modest trading was seen on the grain market on Monday as main participants did not take interest in fresh buying, dealers said. On the cereals side, Moong Punjab lost Rs 250 to Rs 9000, other commodities maintained week-end levels, they said. On the seeds
Published 18 Aug, 2015 12:00am
Asian naphtha cracks fall to three-week low

Asian naphtha cracks fall to three-week low

Asia's naphtha crack fell to a near three-week low of $82.65 a tonne on Monday but a fire at Kuwait's 200,000-barrel-per-day (bpd) Shuaiba oil refinery which caused all units to be shut on late Monday could turn the value around, traders said. They added
Published 18 Aug, 2015 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot basis bids for hard red winter wheat were unchanged in the southern US Plains on Friday and farmer selling was quietly steady, dealers said. Producers were selling small volumes of wheat to make room for the autumn harvest of other crops. But offerin
Published 18 Aug, 2015 12:00am
Cotton market: prices soar amid tight supply of phutti
Cotton

Cotton market: prices soar amid tight supply of phutti

Prices maintained an upward trend on the cotton market on Monday owing to tight supply of seed cotton because of rains in many parts of Punjab, dealers said. The official spot rate was higher by Rs 100 to Rs 4,650, dealers said. Seed cotton prices in Sind
Published 18 Aug, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The December vaida sustained a rising trend on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The December vaida closed at Rs 1302.80 and it rose by 20 paisa gain at Rs 1303.00 in the early session, dealers said.
Published 18 Aug, 2015 12:00am
Russian grain exports poise to remain competitive

Russian grain exports poise to remain competitive

Russian grain exports are poised to remain competitive thanks to a weaker rouble, despite transport costs that have been inflated by tougher controls on truck weight in the last two weeks, analysts said on Friday. Russia, one of the world's key wheat expo
Published 18 Aug, 2015 12:00am
US natural gas futures up on warm weather forecasts

US natural gas futures up on warm weather forecasts

US natural gas futures ended up a bit on Friday on forecasts for warmer-than-normal weather, expected to keep air conditioning usage high over the next two weeks. Front-month gas futures on the New York Mercantile Exchange closed up 1.4 cents at $2.801 pe
Published 18 Aug, 2015 12:00am
China's weekly state corn sales stay low on higher prices

China's weekly state corn sales stay low on higher prices

China found buyers for less than 2 percent of the nearly 5.4 million tonnes corn on offer this week, results of bids published by the country's online grains trading platform showed, as buyers turned to cheaper imports and substitutes amid weak domestic d
Published 18 Aug, 2015 12:00am