News Archives for Print - 2015-09-06

The Weather

The weather report on Saturday (September 05, 2015) and the forecast for Sunday (September 06, 2015).

Published 06 Sep, 2015 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (September 05, 2015)

Published 06 Sep, 2015 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Kerb

The rupee improved with marginal gains against the dollar on the money market on Saturday, dealers said. The rupee picked up five-paisa in relation to the dollar for buying and selling at Rs 104.45 and Rs 104.65 respectively, while the rupee did not show

Published 06 Sep, 2015 12:00am

Kerb

THE RUPEE: little gains

The rupee improved with marginal gains against the dollar on the money market on Saturday, dealers said. The rupee picked up five-paisa in relation to the dollar for buying and selling at Rs 104.45 and Rs 104.65 respectively, while the rupee did not show

Published 06 Sep, 2015 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (September 05, 2015).

Published 06 Sep, 2015 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 06 Sep, 2015 12:00am

Ukraine raises grain crop forecast to 57 million tones

UkrAgroConsult raised its forecast for Ukraine's 2015 grain harvest to 57.0 million tonnes on Thursday from a previous estimate of 56.4 million tonnes, thanks to a higher than expected wheat harvest. The consultancy said Ukraine was likely to harvest 24.2

Published 06 Sep, 2015 12:00am

CBOT wheat falls to five-year lows on poor demand

Wheat futures on the Chicago Board of Trade fell on Thursday to the lowest levels in five years, pressured by a lack of export demand for US supplies amid ample world stocks, traders said. Front-month CBOT wheat dipped to $4.56 a bushel, the lowest spot p

Published 06 Sep, 2015 12:00am

Cotton

Grams prices higher on grain market

Grams prices were higher on the grain market on Saturday in the process of slow trading, they said. On the grams side, gram Australia No 1 was higher by Rs 100 to Rs 8700 and grams Dall Australia No 2 gained the same amount to Rs 9500, grams 50x50 picked

Published 06 Sep, 2015 12:00am

Vietnamese coffee sales thin, Indonesian beans cheaper

Coffee sales in Vietnam have been moderate with export prices easing this week while strong domestic consumption in Indonesia has limited export flows, traders said on Thursday. ICE November robusta contract settled down $22, or 1.4 percent, at $1,581 per

Published 06 Sep, 2015 12:00am

US, EU wheat hit new lows on export competition

US and European wheat futures slipped to new contract lows on Thursday as a tender by top importer Egypt kept attention firmly on stiff competition in well supplied export markets. Corn fell for a third session as the run-up to what is expected to be a bi

Published 06 Sep, 2015 12:00am

Cotton

Oil cake market rates

The December vaida was up while the January contract was unchanged on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The December vaida closed at Rs 1303.80, opened with 40 paisa gain at Rs 1304.20 in the early

Published 06 Sep, 2015 12:00am

Cotton

Cotton market: prices rise on reports of fall in crop

Reports of fall in crop, induced mills and spinners to make fresh deals to cover the immediate requirements, dealers said on the cotton market on Saturday. The official spot rate maintained surge for the second day, rising further Rs 50 to Rs 4,600, deale

Published 06 Sep, 2015 12:00am

Canadian canola falls to 3-1/2-month low

ICE Canadian canola fell on Thursday to a nearly 3-1/2-month low, after Statistics Canada estimated much larger than expected midsummer stockpiles of the crop. Statscan pegged July 31 Canadian canola stocks at 2.3 million tonnes, down 23 percent from last

Published 06 Sep, 2015 12:00am

South Korea buys 51,200 tonnes of US wheat

Two South Korean mills purchased a total 51,200 tonnes of wheat to be sourced from the United States in separate deals on Thursday, European traders said. Daehan Flour Mill Co Ltd bought 26,400 tonnes and Donga-One purchased 24,800 tonnes from separate su

Published 06 Sep, 2015 12:00am

Currency

West EU wheat exports facing strong Baltics, Black Sea competition

The main west European Union wheat exporters face an uphill struggle to win sales against cheaper rivals in the Baltics and Black Sea regions, but a fall in French prices this week could boost sales, traders said on Thursday. "The Baltic states of Lithuan

Published 06 Sep, 2015 12:00am

US Midwest corn, soya bids mostly steady

Corn and soyabean spot basis bids held mostly steady across the US Midwest on Thursday as farmers delayed sales as futures prices for the crops fell ahead of the autumn harvest, grain merchants said. Soya bids stabilizing after falling sharply earlier thi

Published 06 Sep, 2015 12:00am

Egypt's GASC receives offers in wheat purchase tender

The lowest offer in a wheat purchase tender by state Egyptian buyer GASC which closed on Thursday was $174.74 a tonne free on board (FOB) for French wheat, traders said. The offer was made for 60,000 tonnes, they said. No purchase has yet been made and re

Published 06 Sep, 2015 12:00am

German sugar harvest set to start soon

Germany's sugar beet harvesting is expected to start in the coming days and a smaller crop is expected after last year's record output, the head of the country's sugar industry association WVZ said on Friday. "German beet output is expected to be down thi

Published 06 Sep, 2015 12:00am

Asian naphtha crack up six percent

Asia's naphtha crack recovered 6 percent to reach a two-session high of $63.78 a tonne on Thursday, though growing supply has served to keep the figure to about half of the level at the same time last year. South Korea's YNCC bought four naphtha cargoes t

Published 06 Sep, 2015 12:00am

US FOB Gulf soyabean premiums firmer on good demand

Soyabean export premiums at the US Gulf Coast were steady to firmer on Thursday, supported by rising demand and slow farmer selling, which underpinned CIF barge basis values, traders said. The USDA on Thursday reported weekly US soyabean export sales last

Published 06 Sep, 2015 12:00am

Currency

Palm oil prices up on European vegoils markets

Palm oil prices rose in Europe on Thursday as Malaysian futures surged to two-week high and global markets rallied on prospects of further ECB support for the euro zone economy. Asking prices for RBD palmolein gained between $5 and $12.50, with the Novemb

Published 06 Sep, 2015 12:00am

India's edible oil producers fighting against cheap palm oil imports

Rajesh Agrawal had built two large oilseed crushing mills in central India, betting on rising local consumption of edible oils. But now after 30 years of soaring demand and good business, his main mill is shut and covered in grass. Agrawal's shuttered soy

Published 06 Sep, 2015 12:00am

Fiat Chrysler US to recall 7,810 SUVs to prevent hacking

Fiat Chrysler Automobiles NV's US arm said on Friday it would recall 7,810 sport utility vehicles in the United States to update software for radios to prevent hacking. The announcement by FCA US LLC, formerly Chrysler Group LLC, comes more than a month a

Published 06 Sep, 2015 12:00am

Piech stopped Winterkorn becoming VW chairman

Ousted Volkswagen chairman Ferdinand Piech prevented Chief Executive Martin Winterkorn from fulfilling his ambition to become chairman, showing the patriarch's continuing influence behind the scenes, two respected German publications reported. Weekly maga

Published 06 Sep, 2015 12:00am

Amazon hiring staff for new restaurant division in Seattle, New York

Amazon.com Inc is adding staff for a new division dedicated to restaurants in Seattle and New York, with indications the unit is trying to rapidly expand a meal delivery service, according to posts on LinkedIn and the company's jobs site. Amazon, which de

Published 06 Sep, 2015 12:00am

Google may return to China with Android app shop

Google is talking with Chinese authorities and smartphone makers about opening an online shop in China stocked with applications for Android-powered mobile devices, the Wall Street Journal reported on Friday. The move would mark a return for the US Intern

Published 06 Sep, 2015 12:00am

Google may return to China with Android app shop

Google is talking with Chinese authorities and smartphone makers about opening an online shop in China stocked with applications for Android-powered mobile devices, the Wall Street Journal reported on Friday. The move would mark a return for the US Intern

Published 06 Sep, 2015 12:00am

Argentina's YPF says starts normalizing shale oil production

Argentina's state-run energy firm YPF said it started normalizing oil and natural gas production in part of energy-producing province Neuquen on Friday after output was paralyzed earlier in the week by indigenous people protesting land rights. "A team of

Published 06 Sep, 2015 12:00am

Currency

France says debt issuance would be first step for a eurozone budget

A common euro zone budget should initially be funded through joint debt issuance and taxpayers' money should only be used at a later stage, French Economy Minister Emmanuel Macron said on Saturday. France wants the euro zone to have its own joint budget t

Published 06 Sep, 2015 12:00am

Currency

France says debt issuance would be first step for a eurozone budget

A common euro zone budget should initially be funded through joint debt issuance and taxpayers' money should only be used at a later stage, French Economy Minister Emmanuel Macron said on Saturday. France wants the euro zone to have its own joint budget t

Published 06 Sep, 2015 12:00am

Afghan president urges sustained support at donor summit

Afghanistan's president implored international donors for their continued support Saturday, saying the "wounded country" faced a host of security and economic challenges while reiterating his vision of self-reliance after 40 years of war. Donors have pled

Published 06 Sep, 2015 12:00am

ISS urges shareholders vote to strip BofA CEO Moynihan of chairman title

Proxy adviser Institutional Shareholder Services on Friday recommended Bank of America Corp shareholders vote to strip Chief Executive Brian Moynihan of his additional title of chairman, joining a chorus of critics ahead of a September 22 shareholder meet

Published 06 Sep, 2015 12:00am

ISS urges shareholders vote to strip BofA CEO Moynihan of chairman title

Proxy adviser Institutional Shareholder Services on Friday recommended Bank of America Corp shareholders vote to strip Chief Executive Brian Moynihan of his additional title of chairman, joining a chorus of critics ahead of a September 22 shareholder meet

Published 06 Sep, 2015 12:00am

China's CEFC adds to Czech buying spree with airline, brewery deals

China's sixth largest private company CEFC added to a weeklong buying spree in the Czech Republic on Saturday, announcing deals to buy a majority stake in a top brewery group and a share in an airline company in the central European country. The Czechs ha

Published 06 Sep, 2015 12:00am

Nomura, RBS liability in US mortgage bond case upped to $839 million

Nomura Holdings Inc and Royal Bank of Scotland Group Plc have agreed to pay up to $33 million on top of $806 million that a US judge ordered them to pay for making false statements in selling mortgage-backed securities. The agreement with the Federal Hous

Published 06 Sep, 2015 12:00am

Nomura, RBS liability in US mortgage bond case upped to $839 million

Nomura Holdings Inc and Royal Bank of Scotland Group Plc have agreed to pay up to $33 million on top of $806 million that a US judge ordered them to pay for making false statements in selling mortgage-backed securities. The agreement with the Federal Hous

Published 06 Sep, 2015 12:00am

Novartis CEO says diabetics' contact lens tests to start in 2016

Novartis Chief Executive, Joe Jimenez, told a Swiss newspaper that the first human tests of a contact lens it is developing with Google for diabetic patients will be conducted in 2016. "This project is progressing well," Jimenez told Swiss newspaper Le Te

Published 06 Sep, 2015 12:00am

Philippines approves additional $2.8 billion of infrastructure projects

Philippine President Benigno Aquino approved on Friday the rollout of an additional 130.65 billion pesos ($2.8 billion) of infrastructure projects, including the upgrade of ageing airports and mass railway transport systems. The National Economic Developm

Published 06 Sep, 2015 12:00am

China backs Putin's idea of developing Russia's Far East

Chinese Vice Premier Wang Yang said on Saturday that Russia's push to revamp its run-down Far East region coincided with Beijing's strategy, backing President Vladimir Putin's drive for new sources of growth. At the Eastern Economic Forum in the Pacific P

Published 06 Sep, 2015 12:00am

Japan, Iran to start investment talks next week

Japan and Iran will start talks next week to negotiate a bilateral investment treaty, as Washington moves to ease sanctions against Tehran and Tokyo looks to step up its interests in the resource rich nation. Japanese and Iranian officials will meet in Te

Published 06 Sep, 2015 12:00am

One Call Care in $2 billion bid for Helios

Medical cost containment services company One Call Care Management is preparing to bid close to $2 billion for peer Helios, people familiar with the matter said, in what would be one of the workers' compensation sector's biggest mergers. Private equity fi

Published 06 Sep, 2015 12:00am

EU nears decision on labelling products from Israeli settlements

The European Union will soon decide on labelling rules to inform consumers if imported Israeli products come from Jewish settlements in occupied Palestinian territories, the EU's top diplomat said on Saturday. Some EU countries, including Britain, already

Published 06 Sep, 2015 12:00am

IMF official warms to interim deal to boost emerging markets role

A compromise deal on reforms to give emerging markets greater influence at the International Monetary Fund is increasingly likely, a key official said on Friday, weeks before a deadline for US action expires. Plans agreed in 2010 to give emerging markets

Published 06 Sep, 2015 12:00am

In Qatar, Venezuela's Maduro pushes for Opec heads of state summit

Venezuelan President Nicolas Maduro has suggested to the Emir of Qatar a summit for heads of state of Opec countries to defend oil prices, an idea he said the leader of the Arab Gulf state "liked". "I made the proposal, he liked the idea, he said he was i

Published 06 Sep, 2015 12:00am

Rousseff to spare central bank in cabinet reform

Brazil's central bank will retain its status as a ministry in an upcoming cabinet reform by President Dilma Rousseff, two government sources told Reuters. Rousseff plans to reduce the number of ministries from 39 to 29 in the coming weeks as part of her e

Published 06 Sep, 2015 12:00am

Bertelsmann nears investment in HotChalk

Bertelsmann SE & Co KGaA, Europe's largest media group, is close to acquiring a minority stake in learning technology firm HotChalk, according to people familiar with the matter, as the educational technology sector continues to grow. Bertelsmann is leadi

Published 06 Sep, 2015 12:00am

Ethiopia's exchange plans more commodities with electronic trading

Ethiopia's commodity exchange plans to double the items it trades by next year after introducing an electronic platform to replace its system of shouting and gesturing orders, the firm's chief executive said. Launched in 2008, the exchange (ECX) trades se

Published 06 Sep, 2015 12:00am

Boeing opens commercial spaceship plant in Florida

Boeing Co took the wraps off an assembly plant on Friday for its first line of commercial spaceships, which NASA plans to use to fly crews to the International Space Station, officials said. "This is a point in history that reflects a new era in human spa

Published 06 Sep, 2015 12:00am

Walter, US in $29.63 million reverse mortgage loan settlement

Walter Investment Management Corp agreed to pay $29.63 million to resolve allegations that it submitted false claims related to a US Department of Housing Development program that insures reverse mortgages, the US Department of Justice said on Friday. The

Published 06 Sep, 2015 12:00am

IAA motor to show off 210 world premieres

The IAA auto show will unveil 210 world premieres at its 66th edition, scheduled to be held in Frankfurt staring September 19, the German carmakers' association VDA said on Friday. The IAA, put on every two years alternating with the Paris motor show, is

Published 06 Sep, 2015 12:00am

UAE pounds Yemen rebels after coalition's deadliest day

UAE warplanes carried out air strikes on Yemeni rebels Saturday as Emiratis mourned 45 of their soldiers, who were among dozens killed in the deadliest day yet for the Saudi-led coalition. Media in Riyadh said 10 Saudi soldiers died in Friday's missile at

Published 06 Sep, 2015 12:00am

US Military Academy pillow fight leaves 30 injured

Thirty cadets who just completed their first-year summer training at the prestigious US Military Academy were injured when an annual pillow fight tradition turned bloody, The New York Times reported Friday. The brawl left 24 young cadets with concussions,

Published 06 Sep, 2015 12:00am

Guatemala heads for elections

Guatemalan demonstrators outraged by corruption will gather in protest Saturday on the eve of elections that have been upended by the resignation and jailing of disgraced ex-president Otto Perez. Some protesters planned to dress in black and carry cardboa

Published 06 Sep, 2015 12:00am

BBC seeks to broadcast into North Korea

The BBC plans to launch a radio news service for broadcast into North Korea as part of an expansion of its World Service offering, a source told AFP on Saturday. The state broadcaster also wants to offer new and expanded services to Russia, Africa, India

Published 06 Sep, 2015 12:00am

New polls show Syriza narrowly ahead in Greek election

The leftist Syriza party is on course to win 26.5 percent of votes in the snap Greek election in September, slightly ahead of the conservative New Democracy party on 25.9 percent, a new poll by Kapa Research showed on Saturday. A separate poll by Marc sho

Published 06 Sep, 2015 12:00am

Ford Foundation head in India moves on, hints at discord with government

The head of the Indian operations of the US-based Ford Foundation, one of the world's largest charitable funds, has announced she is moving roles, hinting at discord between the organisation and the government over its handling of charities. The foundatio

Published 06 Sep, 2015 12:00am

Clinton personally paid staffer to maintain private server

Hillary Clinton used personal funds to pay a State Department staffer to maintain an email server she used for both personal and government matters when she was US secretary of state, The Washington Post said on Saturday, citing a campaign official. The u

Published 06 Sep, 2015 12:00am

Japan lifts evacuation order for radiation-hit Fukushima town

The Japanese government on Saturday lifted the evacuation order for the first town near the crippled Fukushima reactors, more than four years after ordering mass relocations near the tsunami-wrecked nuclear plant. Among communities where the entire popula

Published 06 Sep, 2015 12:00am

Indian approves pricey plan to equalise veterans' pensions

The Indian government approved a long-awaited programme to equalise pension payments for retired military personnel despite it being a "huge fiscal burden," defence minister Manohar Parrikar said on Saturday. The programme, known as "One Rank One Pension"

Published 06 Sep, 2015 12:00am

Vonovia to replace Lanxess in Germany's DAX index

Vonovia, which just changed its name from Deutsche Annington, will be added to the DAX index of leading German shares after a raft of acquisitions helped the real estate group expand rapidly following its flotation in 2013. Stock exchange operator Deutsch

Published 06 Sep, 2015 12:00am

Foreigners' net selling of Japan stocks hits record high

Net selling of Japanese cash and futures stocks by foreign investors during last week hit a record high as buyers shunned riskier assets on worries that a China-led slowdown could hurt global growth. Foreigners, who were also net sellers in the previous t

Published 06 Sep, 2015 12:00am

Stock volatility, ETF rise drive rethink of post-flash crash US rules

US regulators and stock exchanges are re-examining rules designed to ensure orderly trading in equities after investors fell afoul of them during a near-unprecedented bout of volatility at the beginning of last week, exchange officials said.

Published 06 Sep, 2015 12:00am

Currency

Forex reserves unwind could reverse bond supercycle

China's summer shock may mark the end of an era of globalization that helped define world markets for more than a decade. Investor anxiety about the consequences is well-founded. Beijing's integration into the global economy since 2002 reshaped the financ

Published 06 Sep, 2015 12:00am

Vietnam eases foreign ownership caps on some stocks

Long-awaited new rules allowing foreigners to take bigger stakes in Vietnamese equities took effect on Tuesday, but confusion over which sectors are eligible could dim their investor appeal. The move to allow foreign shareholdings of up to 100 percent in

Published 06 Sep, 2015 12:00am

'US equity markets face another major leg down'

DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned on Monday that the US equity markets face another round of selling pressure. "The US stock market is in a mode of uncertainty, at best," Gundlach said in a te

Published 06 Sep, 2015 12:00am

Treasuries outlook: longer-dated prices rise after US employment data

US medium- and long-dated Treasuries prices rose on Friday, while prices for short-dated notes were mostly flat, after US monthly employment data bolstered the case for the Federal Reserve to hike interest rates later this month. Nonfarm payrolls increase

Published 06 Sep, 2015 12:00am

Treasuries outlook: longer-dated prices rise after US employment data

US medium- and long-dated Treasuries prices rose on Friday, while prices for short-dated notes were mostly flat, after US monthly employment data bolstered the case for the Federal Reserve to hike interest rates later this month. Nonfarm payrolls increase

Published 06 Sep, 2015 12:00am

Foreign investors sell record amount of Indian shares in August

Foreign investors sold a record amount of Indian shares in August, offloading even more than in the midst of the global financial crisis, as turbulent markets in China led many funds to reduce their holdings in riskier emerging markets. Foreign institutio

Published 06 Sep, 2015 12:00am

Market turbulence rattles small Indian IPOs as bigger deals loom

A lukewarm response to two small initial public offerings (IPOs)in India this week has raised concerns about the impact of market turmoil ahead of big-name debuts including Cafe Coffee Day and airline IndiGo. Indian shares hit their lowest level in about

Published 06 Sep, 2015 12:00am

Traders in lock-step keep up pressure after sell-off

Understanding why financial markets are caught in the grip of the kind of volatility that has seen moves of more than 8 percent in two days may have more to do with trading the trend than a radical shift in the economic growth outlook. And that might mean

Published 06 Sep, 2015 12:00am

Wall Street caps off tough week with a steep loss

US stock indexes dropped more than 1 percent on Friday after a mixed August jobs report did little to quell investor uncertainty about whether the Federal Reserve will increase interest rates this month. Trepidation about the first US rate hike in almost

Published 06 Sep, 2015 12:00am

Currency

African currencies week ahead: Nigeria's naira seen steady, others mixed

Nigeria's naira was expected to hold steady next week, while the outlook for other African currencies was mixed.

Published 06 Sep, 2015 12:00am

Currency

Malaysia's FX reserves surprisingly rise in late August

Malaysia's international reserves, which have slid this year as the central bank has supported the country's embattled currency, increased in the last two weeks of August, surprising economists. Currency reserves increased to $94.7 billion as of August

Published 06 Sep, 2015 12:00am

Currency

Malaysia's FX reserves surprisingly rise in late August

Malaysia's international reserves, which have slid this year as the central bank has supported the country's embattled currency, increased in the last two weeks of August, surprising economists. Currency reserves increased to $94.7 billion as of August

Published 06 Sep, 2015 12:00am

Currency

Central banks to dump $1.5 trillion FX reserves by end-2016

Central banks will sell $1.5 trillion foreign exchange reserves by the end of next year as they try to counter capital outflows stemming from slowing growth in China, low oil prices and an impending rise in US interest rates, Deutsche Bank said on Tuesday

Published 06 Sep, 2015 12:00am

Currency

Central banks to dump $1.5 trillion FX reserves by end-2016

Central banks will sell $1.5 trillion foreign exchange reserves by the end of next year as they try to counter capital outflows stemming from slowing growth in China, low oil prices and an impending rise in US interest rates, Deutsche Bank said on Tuesday

Published 06 Sep, 2015 12:00am

Greece lifts short-selling ban on derivatives

Greece lifted a short-selling ban on equity derivatives on Tuesday, but extended the restriction on underlying shares for a month until the end of September, saying market conditions had improved but had not yet fully returned to normal. The short-selling

Published 06 Sep, 2015 12:00am

Greece lifts short-selling ban on derivatives

Greece lifted a short-selling ban on equity derivatives on Tuesday, but extended the restriction on underlying shares for a month until the end of September, saying market conditions had improved but had not yet fully returned to normal. The short-selling

Published 06 Sep, 2015 12:00am

Currency

Canadian dollar weakens

Canada's dollar pulled back against its US counterpart on Friday as crude oil prices fell and markets digested mixed US and Canadian employment data for August. Canada unexpectedly added 12,000 jobs last month, which diverged with economists' prediction o

Published 06 Sep, 2015 12:00am

Currency

Dollar turns down as Fed moves still uncertain after US jobs data

The dollar eased on Friday as data showing US unemployment in August at its lowest since 2008 did little to clear away currency markets' uncertainty over whether the Federal Reserve will raise interest rates later this month. In a report many analysts had

Published 06 Sep, 2015 12:00am

Currency

CEE currencies expected to strengthen despite China risks

Economic growth and stability in Central Europe is expected to continuing to lift the region's currencies, helping them overcome the prospect of economic slowdown in China and an increase in US interest rates. The eastern members of the European Union hav

Published 06 Sep, 2015 12:00am

Currency

Speculators slash US dollar longs to smallest in more than a year

Speculators further cut back bullish bets on the US dollar in the latest week to their smallest since July last year, declining for a second straight week, according to Reuters calculations and data from the Commodity Futures Trading Commission released o

Published 06 Sep, 2015 12:00am

Currency

South Africa's Kganyago says further rand weakness not necessarily bad

A further fall in South Africa's rand is not necessarily a bad thing and the currency should be allowed to play its role as a shock absorber, Central Bank Governor Lesetja Kganyago said on Saturday. Kganyago also told Reuters in an interview at the Group

Published 06 Sep, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 1	277.78
USD PKR Interbank Buying / Nov 1	277.68
USD to Japanese Yen / Nov 1	153.01
USD to Swiss Franc / Nov 1	0.87
Pound Sterling to USD / Nov 1	1.29
Euro to USD / Nov 1	1.08

Stock	Volume
S&P 500 / Nov 1	5,728.80
India Sensex / Nov 1	79,724.12
Tokyo Nikkei / Nov 1	38,053.67
Nasdaq / Nov 1	18,239.92
Hang Seng / Nov 1	20,506.43
FTSE 100 / Nov 1	8,177.15
Dow Jones / Nov 1	42,052.19
Germany DAX 30 / Nov 1	19,254.97

Item	Value
Crude Oil USD/Barrel / Nov 1	69.49
Karachi Cotton PKR/37.32 KG / Nov 1	18,085
Gold 10 Grams PKR / Nov 1	244,084
Gold Spot USD/Ounce / Nov 1	2,736.53
Cotton US¢/pound / Nov 1	70.17
Petrol/Litre / Nov 2	248.38

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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