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Print - 2015-09-09
US MIDDAY: grain and soya futures jump

US MIDDAY: grain and soya futures jump

US grain and soyabean futures jumped early on Tuesday on reports of lower-than-expected corn yields and expectations that the Agriculture Department may lower its harvest estimates at the end of the week. Short-covering in the markets ahead of the release
Published 09 Sep, 2015 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold higher early on Tuesday as a retreat in the dollar index helped the metal snap a four-day losing streak, but bullion remained close to 3-week lows as uncertainty over a looming US interest rate hike persisted. Spot gold was up 0.2 percent at $1,121.1
Published 09 Sep, 2015 12:00am
Tokyo rubber rises

Tokyo rubber rises

Benchmark Tokyo rubber futures ended up 0.1 percent on Tuesday, in line with Shanghai futures, though the gains were limited after Chinese trade data for August reinforced worries growth in the world's second-biggest economy is slowing down. Tokyo Commodi
Published 09 Sep, 2015 12:00am
Palm oil hits one-month high on weak ringgit
Vegetable Oil

Palm oil hits one-month high on weak ringgit

Malaysian palm oil futures reached a one-month high on Tuesday, buoyed by a weak ringgit currency and higher demand from refiners on improving margins. The benchmark November contract on the Bursa Malaysia Derivatives exchange closed higher by 2.1 percent
Published 09 Sep, 2015 12:00am
New York cocoa soars to six-week high
Currency

New York cocoa soars to six-week high

New York cocoa futures on ICE rose on Tuesday to the highest level in nearly six weeks boosted by a weaker dollar, chart-based buy signals and concerns that dry weather could curtail production in top grower Ivory Coast in the upcoming 2015-16 season. Raw
Published 09 Sep, 2015 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold steadied on Tuesday after a four-day losing streak as the dollar eased, but the metal was not too far from a 2-1/2-week low as it struggled to find direction amid uncertainty over a looming US interest rate hike. Spot gold was little changed at $1,11
Published 09 Sep, 2015 12:00am
Gold edges up in Europe
Currency

Gold edges up in Europe

Gold firmed on Tuesday as a retreat in the dollar index helped the metal snap a four-day losing streak, but remained close to 2-1/2 week lows as uncertainty over a looming US interest rate hike persisted. Spot gold was up 0.2 percent at $1,121.08 an ounce
Published 09 Sep, 2015 12:00am
Argentine corn area seen at 2.72 million hectares

Argentine corn area seen at 2.72 million hectares

Argentine farmers are expected to plant 2.72 million hectares with 2015/16 corn, down 20 percent from the previous crop year, the Buenos Aires Grains Exchange said in a preliminary report released on Wednesday. The main reason for the projected cut in cor
Published 09 Sep, 2015 12:00am
Cotton hits two-week high, supported by outside markets
Cotton

Cotton hits two-week high, supported by outside markets

ICE cotton rose to its highest level in two weeks on Tuesday, buoyed by strength in global equities and other commodity markets. "You can't expect cotton to turn its back on the outside world forever," said Ron Lawson, a partner at commodity investment fi
Published 09 Sep, 2015 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper firmed by 0.7 percent to 39,530 yuan ($6,212) a tonne on Tuesday after China's August trade data showed copper imports holding steady in the world's top metals user despite signs of broader struggles for growth. China's im
Published 09 Sep, 2015 12:00am
Copper jumps to four-week peak after China data

Copper jumps to four-week peak after China data

Copper surged to a four-week high on Tuesday, boosted by data showing healthy Chinese imports and a bounce in hard-hit equity markets in the world's top metals consumer. Base metals got an added lift when US markets reopened after Monday's Labour Day holi
Published 09 Sep, 2015 12:00am
Electoral laws: government asked to withdraw ordinance

Electoral laws: government asked to withdraw ordinance

Senate standing committee on law, justice and human rights on Tuesday asked the government to withdraw the Electoral Laws (Amendment) Ordinance, 2013. The committee which met here with Senator Javed Abbasi in the chair, was briefed on direct polling propo
Published 09 Sep, 2015 12:00am
Electoral laws: government asked to withdraw ordinance

Electoral laws: government asked to withdraw ordinance

Senate standing committee on law, justice and human rights on Tuesday asked the government to withdraw the Electoral Laws (Amendment) Ordinance, 2013. The committee which met here with Senator Javed Abbasi in the chair, was briefed on direct polling propo
Published 09 Sep, 2015 12:00am
Satellite engineer killed in attack on DSNG van

Satellite engineer killed in attack on DSNG van

Satellite Engineer of a news channel was killed on Tuesday in an attack by unknown gunmen on a News Digital Satellite News Gathering (DSNG) van in Bahadurabad area, according to a TV channel. Unknown gunmen targeted the van, critically injuring Satellite
Published 09 Sep, 2015 12:00am
Satellite engineer killed in attack on DSNG van

Satellite engineer killed in attack on DSNG van

Satellite Engineer of a news channel was killed on Tuesday in an attack by unknown gunmen on a News Digital Satellite News Gathering (DSNG) van in Bahadurabad area, according to a TV channel. Unknown gunmen targeted the van, critically injuring Satellite
Published 09 Sep, 2015 12:00am
Company allowed to participate in HEC sell-off despite weak portfolio

Company allowed to participate in HEC sell-off despite weak portfolio

It has been alleged that Cargill Holdings was allowed to participate in privatisation of Heavy Electric Complex (HEC) despite the weak portfolio of the company. Azeem Qadir Haye, Transaction Manager of HEC, disclosed before a four-member Senate sub-commit
Published 09 Sep, 2015 12:00am
Company allowed to participate in HEC sell-off despite weak portfolio

Company allowed to participate in HEC sell-off despite weak portfolio

It has been alleged that Cargill Holdings was allowed to participate in privatisation of Heavy Electric Complex (HEC) despite the weak portfolio of the company. Azeem Qadir Haye, Transaction Manager of HEC, disclosed before a four-member Senate sub-commit
Published 09 Sep, 2015 12:00am
Company allowed to participate in HEC sell-off despite weak portfolio

Company allowed to participate in HEC sell-off despite weak portfolio

It has been alleged that Cargill Holdings was allowed to participate in privatisation of Heavy Electric Complex (HEC) despite the weak portfolio of the company. Azeem Qadir Haye, Transaction Manager of HEC, disclosed before a four-member Senate sub-commit
Published 09 Sep, 2015 12:00am
WHT on bank transactions: traders to strike for a third time today

WHT on bank transactions: traders to strike for a third time today

The country''s protesting traders are all set to go for the third shutter-down strike today against the controversial tax on banking transactions. Traders claimed to have galvanised support within their community to show unanimity on the shutter-down stri
Published 09 Sep, 2015 12:00am
WHT on bank transactions: traders to strike for a third time today

WHT on bank transactions: traders to strike for a third time today

The country's protesting traders are all set to go for the third shutter-down strike today against the controversial tax on banking transactions. Traders claimed to have galvanised support within their community to show unanimity on the shutter-down strik
Published 09 Sep, 2015 12:00am
WHT on bank transactions: traders to strike for a third time today

WHT on bank transactions: traders to strike for a third time today

The country's protesting traders are all set to go for the third shutter-down strike today against the controversial tax on banking transactions. Traders claimed to have galvanised support within their community to show unanimity on the shutter-down strik
Published 09 Sep, 2015 12:00am
LHC restrains FBR from taking action against Arsalan

LHC restrains FBR from taking action against Arsalan

The Lahore High Court on Tuesday restrained the Federal Board of Revenue from taking any coercive measure against Arsalan Iftikhar, the son of former chief justice of Pakistan Iftikhar Muhammad Chaudhry, for recovery of income tax. The court told the depa
Published 09 Sep, 2015 12:00am
LHC restrains FBR from taking action against Arsalan

LHC restrains FBR from taking action against Arsalan

The Lahore High Court on Tuesday restrained the Federal Board of Revenue from taking any coercive measure against Arsalan Iftikhar, the son of former chief justice of Pakistan Iftikhar Muhammad Chaudhry, for recovery of income tax. The court told the depa
Published 09 Sep, 2015 12:00am
LHC restrains FBR from taking action against Arsalan

LHC restrains FBR from taking action against Arsalan

The Lahore High Court on Tuesday restrained the Federal Board of Revenue from taking any coercive measure against Arsalan Iftikhar, the son of former chief justice of Pakistan Iftikhar Muhammad Chaudhry, for recovery of income tax. The court told the depa
Published 09 Sep, 2015 12:00am
The Weather

The Weather

The weather report on Tuesday (September 08, 2015) and the forecast for Wednesday (September 09, 2015).

Published 09 Sep, 2015 12:00am
Iran ready to give Afghanistan access to Chabahar Free Zone

Iran ready to give Afghanistan access to Chabahar Free Zone

Iran is ready to provide Afghanistan with access to facilities available in Chabahar Free Zone, said Deputy Minister of Industry, Mine and Trade. Afkhami Rad made these remarks during a meeting in Kabul with Afghan Minister of Commerce and Industries Homa
Published 09 Sep, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 08, 2015).

Published 09 Sep, 2015 12:00am
Iran ready to give Afghanistan access to Chabahar Free Zone

Iran ready to give Afghanistan access to Chabahar Free Zone

Iran is ready to provide Afghanistan with access to facilities available in Chabahar Free Zone, said Deputy Minister of Industry, Mine and Trade. Afkhami Rad made these remarks during a meeting in Kabul with Afghan Minister of Commerce and Industries Homa
Published 09 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 09 Sep, 2015 12:00am
Iran ready to give Afghanistan access to Chabahar Free Zone

Iran ready to give Afghanistan access to Chabahar Free Zone

Iran is ready to provide Afghanistan with access to facilities available in Chabahar Free Zone, said Deputy Minister of Industry, Mine and Trade. Afkhami Rad made these remarks during a meeting in Kabul with Afghan Minister of Commerce and Industries Homa
Published 09 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 09 Sep, 2015 12:00am
Iran ready to give Afghanistan access to Chabahar Free Zone

Iran ready to give Afghanistan access to Chabahar Free Zone

Iran is ready to provide Afghanistan with access to facilities available in Chabahar Free Zone, said Deputy Minister of Industry, Mine and Trade. Afkhami Rad made these remarks during a meeting in Kabul with Afghan Minister of Commerce and Industries Homa
Published 09 Sep, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (September 08, 2015).

Published 09 Sep, 2015 12:00am
LHC reinstates SNGPL MD

LHC reinstates SNGPL MD

The Lahore High Court on Tuesday reinstated Sui Northern Gas Pipeline Limited''s Managing Director Arif Hameed to his post and sought a response from the company by September 17. Arif Hameed had challenged his termination through Uzair Karamat Bhandari wh
Published 09 Sep, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (September 08, 2015)

Published 09 Sep, 2015 12:00am
LHC reinstates SNGPL MD

LHC reinstates SNGPL MD

The Lahore High Court on Tuesday reinstated Sui Northern Gas Pipeline Limited's Managing Director Arif Hameed to his post and sought a response from the company by September 17. Arif Hameed had challenged his termination through Uzair Karamat Bhandari who
Published 09 Sep, 2015 12:00am
LHC reinstates SNGPL MD

LHC reinstates SNGPL MD

The Lahore High Court on Tuesday reinstated Sui Northern Gas Pipeline Limited's Managing Director Arif Hameed to his post and sought a response from the company by September 17. Arif Hameed had challenged his termination through Uzair Karamat Bhandari who
Published 09 Sep, 2015 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (September 08, 2015).

Published 09 Sep, 2015 12:00am
Multiple jurisdictions: service providers being taxed: KTBA

Multiple jurisdictions: service providers being taxed: KTBA

Following a tug of war between all provincial taxation authorities over revenue collection, taxpayers are being forced through multiple tax-compliance notices for double taxation. In a letter forwarded to all four provincial revenue authorities, the Karac
Published 09 Sep, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 08, 2015).

Published 09 Sep, 2015 12:00am
Multiple jurisdictions: service providers being taxed: KTBA

Multiple jurisdictions: service providers being taxed: KTBA

Following a tug of war between all provincial taxation authorities over revenue collection, taxpayers are being forced through multiple tax-compliance notices for double taxation. In a letter forwarded to all four provincial revenue authorities, the Karac
Published 09 Sep, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 08, 2015).

Published 09 Sep, 2015 12:00am
Multiple jurisdictions: service providers being taxed: KTBA

Multiple jurisdictions: service providers being taxed: KTBA

Following a tug of war between all provincial taxation authorities over revenue collection, taxpayers are being forced through multiple tax-compliance notices for double taxation. In a letter forwarded to all four provincial revenue authorities, the Karac
Published 09 Sep, 2015 12:00am
Brent settles up four percent, riding equities rally; US crude down

Brent settles up four percent, riding equities rally; US crude down

Brent crude settled up 4 percent on Tuesday as strength in stock markets helped the global oil benchmark recoup the bulk of its losses from the previous session. US crude fell slightly in volatile trade, reopening from Monday's US markets closure for the
Published 09 Sep, 2015 12:00am
ISE index improves 47.92 points

ISE index improves 47.92 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Tuesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 47.92 points as the ISE Ten Index moved f
Published 09 Sep, 2015 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways on the money market on Tuesday in the process of trading, dealers said. The rupee continued fall versus the dollar, falling 11-paisa for buying and selling at Rs 104.44 and Rs 104.47 respectively, they said.
Published 09 Sep, 2015 12:00am
ISE index improves 47.92 points

ISE index improves 47.92 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Tuesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 47.92 points as the ISE Ten Index moved f
Published 09 Sep, 2015 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways on the money market on Tuesday in the process of trading, dealers said. The rupee continued fall versus the dollar, falling 11-paisa for buying and selling at Rs 104.44 and Rs 104.47 respectively, they said.
Published 09 Sep, 2015 12:00am
LSE index drops 3.98 points

LSE index drops 3.98 points

Equities suffered losses and closed in minus column at the Lahore Stock Exchange (LSE) amid descending transaction volume on Tuesday. The LSE-25 index declined by 03.98 points and was closed at 5599.99 points against 5603.97 points of Monday, while transa
Published 09 Sep, 2015 12:00am
LSE index drops 3.98 points

LSE index drops 3.98 points

Equities suffered losses and closed in minus column at the Lahore Stock Exchange (LSE) amid descending transaction volume on Tuesday. The LSE-25 index declined by 03.98 points and was closed at 5599.99 points against 5603.97 points of Monday, while transa
Published 09 Sep, 2015 12:00am
Prime Minister discusses Middle East, South Asia with Davutolu

Prime Minister discusses Middle East, South Asia with Davutolu

Prime Minister Muhammad Nawaz Sharif had a telephonic conversation with Turkish Prime Minister Ahmet Davutolu. Both the leaders exchanged views on matters relating to bilateral and mutual interest. The situation in Middle East and South Asia came under sp
Published 09 Sep, 2015 12:00am
SC asks AGP to carry out audit of DHA

SC asks AGP to carry out audit of DHA

The Supreme Court Tuesday issued directives to Auditor General of Pakistan (AGP) to proceed with audit of Defense Housing Authority (DHA) as per law. It also asked the authority to provide all the record to audit officials. Resuming the hearing of identic
Published 09 Sep, 2015 12:00am
SC asks AGP to carry out audit of DHA

SC asks AGP to carry out audit of DHA

The Supreme Court Tuesday issued directives to Auditor General of Pakistan (AGP) to proceed with audit of Defense Housing Authority (DHA) as per law. It also asked the authority to provide all the record to audit officials. Resuming the hearing of identic
Published 09 Sep, 2015 12:00am
SC asks AGP to carry out audit of DHA

SC asks AGP to carry out audit of DHA

The Supreme Court Tuesday issued directives to Auditor General of Pakistan (AGP) to proceed with audit of Defense Housing Authority (DHA) as per law. It also asked the authority to provide all the record to audit officials. Resuming the hearing of identic
Published 09 Sep, 2015 12:00am
BRIndex30 gains 403.5 points

BRIndex30 gains 403.5 points

On Tuesday, BRIndex30 after fluctuating between positive and negative displayed a rising trend in around last hour of trading. It closed at 20,635.63 points with net change of 403.5 points. Total turnover was 153,418,700 points. Among BRIndex30 companies,
Published 09 Sep, 2015 12:00am
BRIndex30 gains 403.5 points

BRIndex30 gains 403.5 points

On Tuesday, BRIndex30 after fluctuating between positive and negative displayed a rising trend in around last hour of trading. It closed at 20,635.63 points with net change of 403.5 points. Total turnover was 153,418,700 points. Among BRIndex30 companies,
Published 09 Sep, 2015 12:00am
Stocks recover

Stocks recover

The Karachi share market rebounded sharply Tuesday because of what analysts said recovery in global equities and oil prices. Showing volatility though, the KSE-100 index sprang back by 530 points to close at 33,474.17 compared to 32,944.48 Monday. "Volati
Published 09 Sep, 2015 12:00am
Stocks recover

Stocks recover

The Karachi share market rebounded sharply Tuesday because of what analysts said recovery in global equities and oil prices. Showing volatility though, the KSE-100 index sprang back by 530 points to close at 33,474.17 compared to 32,944.48 Monday. "Volati
Published 09 Sep, 2015 12:00am
Stocks recover

Stocks recover

The Karachi share market rebounded sharply Tuesday because of what analysts said recovery in global equities and oil prices. Showing volatility though, the KSE-100 index sprang back by 530 points to close at 33,474.17 compared to 32,944.48 Monday. "Volati
Published 09 Sep, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Sep, 2015 12:00am
Indonesia formally requests to rejoin Opec

Indonesia formally requests to rejoin Opec

Indonesia has made an official request to rejoin Opec, the oil producing cartel announced on Tuesday. The Organisation of Petroleum Exporting Countries welcomed the move after Indonesia made its intentions public in June. Resource-rich Indonesia, south-ea
Published 09 Sep, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Sep, 2015 12:00am
Indonesia formally requests to rejoin Opec

Indonesia formally requests to rejoin Opec

Indonesia has made an official request to rejoin Opec, the oil producing cartel announced on Tuesday. The Organisation of Petroleum Exporting Countries welcomed the move after Indonesia made its intentions public in June. Resource-rich Indonesia, south-ea
Published 09 Sep, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 09 Sep, 2015 12:00am
Indonesia formally requests to rejoin Opec

Indonesia formally requests to rejoin Opec

Indonesia has made an official request to rejoin Opec, the oil producing cartel announced on Tuesday. The Organisation of Petroleum Exporting Countries welcomed the move after Indonesia made its intentions public in June. Resource-rich Indonesia, south-ea
Published 09 Sep, 2015 12:00am
Power crisis to be overcome by December 2017: Dar

Power crisis to be overcome by December 2017: Dar

Finance Minister Ishaq Dar said on Tuesday that load shedding crisis in the country would be overcome by December 2017 as the government would be able to add 10600 MW. Addressing a function "roundtable conference on Pakistan Paradise for Investment", join
Published 09 Sep, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Sep, 2015 12:00am
Power crisis to be overcome by December 2017: Dar

Power crisis to be overcome by December 2017: Dar

Finance Minister Ishaq Dar said on Tuesday that load shedding crisis in the country would be overcome by December 2017 as the government would be able to add 10600 MW. Addressing a function "roundtable conference on Pakistan Paradise for Investment", join
Published 09 Sep, 2015 12:00am
Power crisis to be overcome by December 2017: Dar

Power crisis to be overcome by December 2017: Dar

Finance Minister Ishaq Dar said on Tuesday that load shedding crisis in the country would be overcome by December 2017 as the government would be able to add 10600 MW. Addressing a function "roundtable conference on Pakistan Paradise for Investment", join
Published 09 Sep, 2015 12:00am
2MFY16: government''s budgetary borrowing hits Rs 277 billion mark

2MFY16: government''s budgetary borrowing hits Rs 277 billion mark

The federal government''s budgetary borrowing from scheduled banks posted a notable increase reaching Rs 277 billion in first two months of current fiscal year (FY16) compared to a retirement of over Rs 1 billion in the same period of last fiscal year (FY
Published 09 Sep, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (September 08, 2015).

Published 09 Sep, 2015 12:00am
2MFY16: government's budgetary borrowing hits Rs 277 billion mark

2MFY16: government's budgetary borrowing hits Rs 277 billion mark

The federal government's budgetary borrowing from scheduled banks posted a notable increase reaching Rs 277 billion in first two months of current fiscal year (FY16) compared to a retirement of over Rs 1 billion in the same period of last fiscal year (FY1
Published 09 Sep, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (September 08, 2015).

Published 09 Sep, 2015 12:00am
2MFY16: government's budgetary borrowing hits Rs 277 billion mark

2MFY16: government's budgetary borrowing hits Rs 277 billion mark

The federal government's budgetary borrowing from scheduled banks posted a notable increase reaching Rs 277 billion in first two months of current fiscal year (FY16) compared to a retirement of over Rs 1 billion in the same period of last fiscal year (FY1
Published 09 Sep, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (September 08, 2015).

Published 09 Sep, 2015 12:00am
Rs 101 billion borrowing: Ministry withdraws summary

Rs 101 billion borrowing: Ministry withdraws summary

Ministry of Petroleum and Natural Resources has reportedly withdrawn a summary from the ECC regarding borrowing of Rs 101 billion by SNGPL and SSGCL for a gas pipeline project after SBP Governor opposed borrowing from local banks. According to official do
Published 09 Sep, 2015 12:00am
Rs 101 billion borrowing: Ministry withdraws summary

Rs 101 billion borrowing: Ministry withdraws summary

Ministry of Petroleum and Natural Resources has reportedly withdrawn a summary from the ECC regarding borrowing of Rs 101 billion by SNGPL and SSGCL for a gas pipeline project after SBP Governor opposed borrowing from local banks. According to official do
Published 09 Sep, 2015 12:00am