News Archives for Print - 2015-10-04

Grain market closed for holiday

According to the Daily Market Report of the Karachi Grain and Seeds Merchant Group, the local grain market was closed on Saturday on account of death anniversary of Hazrat Usman Gani (R.A.).

Published 04 Oct, 2015 12:00am

Cotton

Cotton market: PCGA's short crop data causes further rise in prices

Pakistan Cotton Ginners Association's (PCGA) fortnightly data, showing short crop figures propelled mills to make forward deals, caused further increase in prices on the cotton market on Saturday, dealers said. The official spot rate extended overnight ri

Published 04 Oct, 2015 12:00am

Ivory Coast to set cocoa farmer price of 1,000 CFA francs per kg

Top cocoa grower Ivory Coast will announce a minimum farmer price of 1,000 CFA francs ($1.70) per kilogram at the opening of the 2015/16 marketing season on Thursday, an economic adviser to President Alassane Ouattara said. "The price this year is 1,000 f

Published 04 Oct, 2015 12:00am

Freight rates for capesize bulk rates to be under pressure next week

Freight rates for capesize bulk carriers could come under pressure next week as lower cargo volumes due to holidays in China thwart shipowners efforts to push rates higher, ship brokers said. "There was a bit of a rush to fix earlier this week ahead of th

Published 04 Oct, 2015 12:00am

Jordan tenders to buy hard wheat and barley

Jordan's state grain buyer has issued new international tenders to buy 100,000 tonnes of hard milling wheat and 100,000 tonnes of animal feed barley, both to be sourced from optional origins, European traders said on Thursday. Tender deadline for the whea

Published 04 Oct, 2015 12:00am

US natural gas futures fall to three-year low

US natural gas futures fell 3.6 percent to a three-year low on Thursday on forecasts for warmer weather and low heating demand and continued strong production expected to keep storage more full than normal. The US Energy Information Administration said ut

Published 04 Oct, 2015 12:00am

Indonesian coffee prices up; Vietnam's drop

Indonesian coffee prices edged up this week on limited stocks while prices in top robusta producer Vietnam dropped in line with a weaker London contract, traders said on Thursday. London November robusta closed down $19, or 1.2 percent, at $1,557 per tonn

Published 04 Oct, 2015 12:00am

European wheat futures rise in wake of Chicago rally

European wheat futures rose on Thursday, mainly supported by a rally on US markets after the release of a government report putting the 2015 crop below market estimates. December milling wheat, the benchmark on Euronext, increased by 2.50 euros or 1.4 per

Published 04 Oct, 2015 12:00am

Asian naphtha recovers from three-week low

Asia's naphtha crack for front-month second-half November recovered from a three-week low to reach a six-session high of $87.15 a tonne on Thursday, supported by demand. Traders said South Korea had likely completed most of its purchases for cargoes deliv

Published 04 Oct, 2015 12:00am

Bullion prices

The following were the bullion prices in Karachi on Saturday:

Published 04 Oct, 2015 12:00am

Vegetable Oil

Palm oil rises on European vegoils market

Palm oil on the European vegetable oils market rose on Thursday on expectations for lower output during October and forecasts of higher purchases by top consumer India. "Less production and improved demand could eventually lead to a decrease in still huge

Published 04 Oct, 2015 12:00am

Russia sees to harvest 100 million tonnes of grain

Russia is expected to harvest 100 million tonnes of grains by clean weight this year, down 5 million from last year's near record level, Russian Prime Minister Dmitry Medvedev told a government meeting on Thursday. Russia is one of the world's largest whe

Published 04 Oct, 2015 12:00am

Italy to test 80 diesel models of main carmakers

Italy will test about 80 diesel models produced by eight leading carmakers following the emissions scandal at Volkswagen (VW), financial daily Il Sole 24 Ore reported on Saturday. The report, which cited a transport ministry document obtained by the newsp

Published 04 Oct, 2015 12:00am

RwandAir to buy or lease two Boeing 737 jets

Rwanda's state-run carrier RwandAir will either purchase or lease two Boeing 737-800 jets by early 2017 to help it expand routes within Africa, a senior company executive said on Thursday. At present, the airline flies from Kigali to 17 destinations in th

Published 04 Oct, 2015 12:00am

Russia says ready to meet Opec, non-Opec producers for consultations

Russia, the world's top oil producer, is ready to meet with Opec and non-Opec oil producers to discuss the situation on the global oil markets if such a meeting was called, its energy minister said on Saturday. A separate meeting between Russian and Saudi

Published 04 Oct, 2015 12:00am

US hedge funds brace for worst year since financial crisis

US hedge funds are bracing for their worst year since the 2008 financial crisis after a dramatic sell-off in healthcare and biotechnology stocks triggered double-digit losses for some prominent players last month. September's sucker punch in the biotech s

Published 04 Oct, 2015 12:00am

US hedge funds brace for worst year since financial crisis

US hedge funds are bracing for their worst year since the 2008 financial crisis after a dramatic sell-off in healthcare and biotechnology stocks triggered double-digit losses for some prominent players last month. September's sucker punch in the biotech s

Published 04 Oct, 2015 12:00am

Investment, pricing helped Orbital beat Aerojet for rocket boosters

Orbital ATK Inc beat out Aerojet Rocketdyne Holdings Inc to become the future sole supplier of solid rocket boosters for United Launch Alliance by offering better long-term pricing agreements, substantial cost reductions and more investment, ULA said Frid

Published 04 Oct, 2015 12:00am

Iran invites foreign firms to develop its oil, gas industry

Iran is inviting foreign investors to actively develop its energy industry after sanctions are expected to ease in 2016, under a nuclear deal between Iran and six global powers, deputy Oil Minister Rokneddin Javadi told Reuters on Thursday. "We welcome al

Published 04 Oct, 2015 12:00am

Sri Lanka raises excise duty to boost revenue

Sri Lanka on Saturday raised excise duties, which should increase state revenue by 20 billion rupees ($141.69 million), as the government struggles to reach an ambitious budget deficit goal for this year. Spending by President Maithripala Sirisena's coali

Published 04 Oct, 2015 12:00am

France to grow by 1.1 percent in 2015, unemployment stable

France's economy is likely to expand less rapidly than the euro zone average in 2015 due to weak construction investment, but recovery is under way and unemployment appears to be stabilising after a long rise, the statistics office INSEE says. Healthy exp

Published 04 Oct, 2015 12:00am

Currency

China to curb yuan speculation amid reform push

China is studying plans to curb currency speculation even as it seeks to quicken the process of making the yuan trade freely, a deputy central bank governor said. Beijing will further open up its capital markets and develop its foreign exchange market as

Published 04 Oct, 2015 12:00am

Poland starting to build large coal-energy group: Prime Minister

Poland has started to build a large fuel-energy group with its decision to transfer the European Union's largest coal miner to a state-controlled fund to avoid the miner's bankruptcy, Prime Minister Ewa Kopacz said. With just three weeks until a parliamen

Published 04 Oct, 2015 12:00am

Volkswagen suspends Australian sales of some diesel vehicles

Volkswagen AG said on Saturday it was suspending sales of some diesel vehicles in Australia that may have been fitted with devices designed to mask the level of emissions. The announcement came after Volkswagen Australia met with the Australian government

Published 04 Oct, 2015 12:00am

Finland drops plan to build a regional LNG import terminal

Finland's gas utility Gasum said on Friday it has dropped plans to build a regional liquefied natural gas (LNG) import terminal and a gas link to Estonia, citing declining gas demand and poor economics of the two projects. The decision would benefit Russi

Published 04 Oct, 2015 12:00am

Investment focus: time ticks on 'Buy Europe' trade

Despite a bruising reversal this summer and the worst quarterly performance since 2011, the "Buy Europe" equity trade is still on for investors looking to tap a regional recovery fed by plentiful central-bank cash. But beneath the surface bullishness surr

Published 04 Oct, 2015 12:00am

Judges reject bonus plans for executives at bankrupt companies

A US judge on Friday rejected a plan to pay millions of dollars in bonuses to top executives of bankrupt miner Molycorp Inc, two days after GT Advanced Technologies Inc failed to get approval of a similar plan. Molycorp, which filed for bankruptcy in June

Published 04 Oct, 2015 12:00am

Currency

Latin America an emblem of emerging markets' sputter

After a decade of strong economic growth, Latin America and especially its powerhouse Brazil are sputtering, a symbol of the slowdown in emerging markets worldwide as commodity prices slide. The region will be in the spotlight next week as the Internation

Published 04 Oct, 2015 12:00am

Currency

Latin America an emblem of emerging markets' sputter

After a decade of strong economic growth, Latin America and especially its powerhouse Brazil are sputtering, a symbol of the slowdown in emerging markets worldwide as commodity prices slide. The region will be in the spotlight next week as the Internation

Published 04 Oct, 2015 12:00am

Hong Kong retail sales fall

Hong Kong retail sales fell for the sixth straight month in August as a drop-off in tourist arrivals from mainland China and its economic slowdown took a bite out of the luxury goods business. Retail sales slipped 5.4 percent from a year earlier to HK$37.

Published 04 Oct, 2015 12:00am

Qatar cools rate rise talk, says won't follow US

Qatar's central bank governor sought to dampen expectations for rising interest rates on Saturday after a jump in local bill yields suggested liquidity in the Qatari banking system was beginning to tighten. On Thursday, the central bank unexpectedly sold

Published 04 Oct, 2015 12:00am

US a long way from 'macroprudential' safeguards: Fed's Dudley

The United States is a long way from putting in place rules that will protect the financial system and the economy from broad risks, due in part to regulatory structure and to the difficulties of predicting the next crisis, a top Federal Reserve official

Published 04 Oct, 2015 12:00am

Currency

Argentina plans new debt issue after $5.9 billion bond payment

Argentina will on Monday pay the $5.9 billion maturity due for its Boden 15 bonds in cash and issue new debt the following day, Economy Minister Axel Kicillof said on Friday. The South American country, which is in default on some debt because of a legal

Published 04 Oct, 2015 12:00am

Currency

Argentina plans new debt issue after $5.9 billion bond payment

Argentina will on Monday pay the $5.9 billion maturity due for its Boden 15 bonds in cash and issue new debt the following day, Economy Minister Axel Kicillof said on Friday. The South American country, which is in default on some debt because of a legal

Published 04 Oct, 2015 12:00am

Kuwait to seek private investment in $36 billion projects

Kuwait will invite private investors, including foreigners, to take part over the next two years in nine infrastructure projects worth about $36 billion, under a new law designed to facilitate such deals, an official said. The country has huge constructio

Published 04 Oct, 2015 12:00am

TSX gains as resources rally; banks weigh

Resource stocks fueled a rally on Canada's main stock index on Friday, as the market shrugged off weak US jobs data and losses among banks, one of which raised cash and warned of a writedown. The gains among miners, oil and gas producers and pipeline oper

Published 04 Oct, 2015 12:00am

Albania to issue Eurobond despite low tax revenue

Albania''s tax collection rate is among the lowest in the world, but that is not stopping it from issuing a new Eurobond of between 300 million to 500 million euros ($338 million to $563 million), Prime Minister Edi Rama said on Tuesday. Rama, in New York

Published 04 Oct, 2015 12:00am

Albania to issue Eurobond despite low tax revenue

Albania's tax collection rate is among the lowest in the world, but that is not stopping it from issuing a new Eurobond of between 300 million to 500 million euros ($338 million to $563 million), Prime Minister Edi Rama said on Tuesday. Rama, in New York

Published 04 Oct, 2015 12:00am

Albania to issue Eurobond despite low tax revenue

Albania's tax collection rate is among the lowest in the world, but that is not stopping it from issuing a new Eurobond of between 300 million to 500 million euros ($338 million to $563 million), Prime Minister Edi Rama said on Tuesday. Rama, in New York

Published 04 Oct, 2015 12:00am

UK funds cut equity allocation to three-year low

British investors cut equity allocations in September to their lowest in three years, buying more bonds and property as their fears of deteriorating world growth appeared to be confirmed, a Reuters poll found. The monthly survey of eight investment manage

Published 04 Oct, 2015 12:00am

UK funds cut equity allocation to three-year low

British investors cut equity allocations in September to their lowest in three years, buying more bonds and property as their fears of deteriorating world growth appeared to be confirmed, a Reuters poll found. The monthly survey of eight investment manage

Published 04 Oct, 2015 12:00am

Wall Street strategists cut 2015 S&P 500 forecasts; small rise seen

Wall Street strategists have cut 2015 targets for the S&P 500 amid concerns about slower global growth and an uncertain US rate outlook, but still expect the benchmark index to recover from a recent rout, a Reuters poll found. The S&P 500 will end the yea

Published 04 Oct, 2015 12:00am

Convergex CEO eyeing US Treasuries trading platform

Convergex Group LLC is considering either starting its own electronic Treasuries trading platform or giving its customers direct access to that market within the next two years, the head of the agency-focused brokerage said on Monday. "We are spending our

Published 04 Oct, 2015 12:00am

Convergex CEO eyeing US Treasuries trading platform

Convergex Group LLC is considering either starting its own electronic Treasuries trading platform or giving its customers direct access to that market within the next two years, the head of the agency-focused brokerage said on Monday. "We are spending our

Published 04 Oct, 2015 12:00am

Treasuries outlook; US bond prices rise

US Treasury debt prices rose on Friday with benchmark yields falling to their lowest in 5-1/2 weeks as a surprisingly weak US jobs report for September reduced economists' expectations that the Federal Reserve will raise interest rates this year. Treasuri

Published 04 Oct, 2015 12:00am

Treasuries outlook; US bond prices rise

US Treasury debt prices rose on Friday with benchmark yields falling to their lowest in 5-1/2 weeks as a surprisingly weak US jobs report for September reduced economists' expectations that the Federal Reserve will raise interest rates this year. Treasuri

Published 04 Oct, 2015 12:00am

Volatility leads to worst quarter for new share offers since 2011

Activity in equity capital markets (ECM) in the third quarter of the year slowed to the lowest point since the fourth quarter of 2011, Thomson Reuters data showed on Wednesday, as market volatility put the brakes on companies trying to list on the stock m

Published 04 Oct, 2015 12:00am

Nikkei to regain momentum, seen up 15 percent in 2015

Japanese stocks are expected to finish the year on a strong footing, rallying over the next three months on expectations the government and the Bank of Japan will offer fresh stimulus to stoke a shaky economy, a Reuters poll found. The Nikkei share averag

Published 04 Oct, 2015 12:00am

Russian shares to end 2015 higher; external risks abound

Russian shares will rise nearly 10 percent by the end of 2015, the median forecast in a Reuters survey showed, but analysts said oil price falls and bad news out of China could easily derail any upward momentum. The dollar-denominated RTS share index star

Published 04 Oct, 2015 12:00am

Integrated Latam bourses look beyond stocks and fixed income

The Latin American Integrated Market, or MILA, which comprises the bourses of Chile, Colombia, Peru and Mexico, is working to include local institutional investments in the next 10 years, Colombia's finance minister said on Monday. Speaking at a panel of

Published 04 Oct, 2015 12:00am

Market turmoil takes toll on venture-backed IPOs in US

Initial public offerings by start-up companies with venture backing fell to 13 last quarter, down from 29 the previous quarter and 24 a year earlier, as market turmoil deterred start-ups from pursuing IPOs, the National Venture Capital Association said Th

Published 04 Oct, 2015 12:00am

Wall Street ends higher in sharp turnaround

US stock indexes jumped over 1 percent on Friday as worries about the economy after a disappointing jobs report gave way to a robust rally in energy and materials stocks. The three major indexes clawed back losses of more than 1.5 percent as poor payroll

Published 04 Oct, 2015 12:00am

Currency

Nippon Life says ready to buy dollar around 110-115 yen

Nippon Life Insurance Co thinks the dollar could fall to 110-115 yen by the end of March as risks to the global economy heighten, and would be ready to buy the US currency around those levels, a top executive said in on Wednesday. Hiroshi Ozeki, chief inv

Published 04 Oct, 2015 12:00am

Currency

HSBC swims further against FX tide, ups 2016 euro forecast to $1.20

The euro will rise to $1.20 by the end of next year as the European Central Bank finds itself unable to expand its quantitative easing stimulus as much as it would like, according to new forecasts from HSBC on Monday. This is an upward revision from the b

Published 04 Oct, 2015 12:00am

Currency

Canadian dollar rallies

The Canadian dollar surged to its strongest level in two-weeks against the US dollar on Friday following dismal US labor market data that raised fresh doubts about whether the economy was ready for an interest rate hike this year. Oil prices that turned s

Published 04 Oct, 2015 12:00am

Currency

Dollar slumps broadly on dreary US jobs data

The dollar slumped on Friday, stung by a September US jobs report depicting slower hiring that added to doubts the economy was strong enough for the Federal Reserve to raise US interest rates later this year. The dollar's losses against the euro and Swiss

Published 04 Oct, 2015 12:00am

Currency

African currencies week ahead: volatile Zambian kwacha seen steady, Kenyan shilling may strengthen

Zambia's kwacha is expected to hold steady next week following a 17 percent plunge to a record low on Monday triggered by a sharp slide in copper prices and a ratings downgrade, while rising yields on government securities may help Kenya's shilling.

Published 04 Oct, 2015 12:00am

Currency

No forced conversion of forex into Angolan kwanza: banks

Angola's central bank has not ordered financial institutions to convert residents' foreign currency deposits into the local currency, the kwanza, the country's banking association said on Monday. In a statement, the Angolan Association of Banks (ABANC) sa

Published 04 Oct, 2015 12:00am

Currency

Indonesia sees rupiah trading at 13,700-13,900 per dollar

Indonesia's rupiah currency is expected to trade at an average of between 13,700 and 13,900 per dollar in 2016, the central bank governor told parliament on Tuesday. Bank Indonesia Governor Agus Martowardojo told a budget hearing that the currency would r

Published 04 Oct, 2015 12:00am

Currency

Speculators lift net US dollar longs

Speculators increased bullish bets on the US dollar, after hitting their lowest level in more than a year in the previous week, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the d

Published 04 Oct, 2015 12:00am

Currency

Georgia sees no further pressure on lari

Georgia's central bank chief said on Tuesday he did not expect the lari to come under further pressure after the bank sold $29.96 million to support the national currency. Georgy Kadagidze told Reuters by telephone minutes after the currency auction that

Published 04 Oct, 2015 12:00am

Currency

Mexico seen extending dollar auctions to support peso

Policymakers are likely to roll over Mexico's current regime of dollar auctions without increasing intervention despite an increase in global financial volatility, according to a Reuters poll. All 15 analysts polled by Reuters expect the country's FX comm

Published 04 Oct, 2015 12:00am

Currency

Bearishness towards yuan, Indian rupee ebbs

Investors increased bearish bets on most emerging Asian currencies in the last two weeks after Federal Reserve officials kept open the possibility of an interest rate hike in 2015 and as worries of a global economic slowdown lingered. Short positions in t

Published 04 Oct, 2015 12:00am

Kerb

Venus wins 47th career title on Muguruza retirement

Venus Williams won her biggest title in five years at the Wuhan Open on Saturday after Garbine Muguruza retired, making her the fifth player to pull out mid-match in the late-season tournament. Williams took the first set and was three games up in the sec

Published 04 Oct, 2015 12:00am

Top cricketers show keen interest in PSL

International cricketers are keen to take part in the Pakistan Super League (PSL) after Australian wicketkeeper-batsman Brad Haddin confirmed to join it. Haddin was an important member of the Michael Clarke-led Australian team before he retired from test

Published 04 Oct, 2015 12:00am

Messi-less Barcelona beaten by Sevilla

Barcelona's struggles without Lionel Messi continued as second-half goals from Michael Krohn-Dehli and Vicente Iborra consigned the European champions to a second league defeat in three games 2-1 at Sevilla. Neymar pulled a goal back from the penalty spot

Published 04 Oct, 2015 12:00am

Taylor relishes another England chance

James Taylor Saturday vowed to grab his chance to stage a comeback in the England side in a forthcoming three-match series against Pakistan, three years after playing two Tests before being discarded. The 25-year-old is part of the England squad which wil

Published 04 Oct, 2015 12:00am

Five-goal Aguero fires City top, Palace soar to 3rd

Sergio Aguero plundered five goals in a dizzying 20-minute spell as Manchester City demolished Newcastle United 6-1 on Saturday to reclaim first place in the Premier League table. City had lost their previous two league games and went behind in the 18th m

Published 04 Oct, 2015 12:00am

Blatter's survival in doubt after sponsor's resignation call

After powerful FIFA sponsors demanded his immediate resignation, a key question surrounded Sepp Blatter on Saturday: can the sleaze-tainted president of world football's governing body survive until his planned departure in February? Coca-Cola, McDonald's

Published 04 Oct, 2015 12:00am

Australian ex-Test player Lindsay Kline dies

Former Australian Test player Lindsay Kline has died aged 81, Cricket Australia said of the man best remembered for facing the last ball of the first tied Test match. Slow, left-arm spinner Kline, who took part in 13 Tests between 1957 and 1961, played 88

Published 04 Oct, 2015 12:00am

Australian ex-Test player Lindsay Kline dies

Former Australian Test player Lindsay Kline has died aged 81, Cricket Australia said of the man best remembered for facing the last ball of the first tied Test match. Slow, left-arm spinner Kline, who took part in 13 Tests between 1957 and 1961, played 88

Published 04 Oct, 2015 12:00am

Nelson Mandela inducted to Rugby Hall of Fame

Late South African President Nelson Mandela, who brought white and black South Africans together through rugby after the end of apartheid, was posthumously inducted into the World Rugby Hall of Fame on Saturday. Francois Pienaar, the captain of the Spring

Published 04 Oct, 2015 12:00am

Zimbabwe level ODI series amid light fiasco

Shoaib Malik's brilliant fightback was foiled by bad light as Zimbabwe beat Pakistan by five runs on the Duckworth-Lewis method in a drama-filled second one-day international at Harare Sports Club on Saturday. Malik was left stranded on 96 not out having

Published 04 Oct, 2015 12:00am

Peace deal not possible in six months if Colombia 'backtracks': FARC

The FARC guerilla group warned Saturday that a peace deal with the Colombian government would not be possible within the agreed-upon six-month window if Bogota backtracks on the current partial deal. The six-month time frame, which was agreed last month,

Published 04 Oct, 2015 12:00am

Currency

Former UK finance minister Healey dies

Former British finance minister and "Labour party giant" Denis Healey died on Saturday, aged 98, after suffering a short illness, his family said. Instantly recognisable for his bushy eyebrows, Healey was the last surviving member of Labour prime minister

Published 04 Oct, 2015 12:00am

Japanese citizen shot dead in Bangladesh

Police in Bangladesh said they had detained four people in connection with the shooting on Saturday of a Japanese citizen, the second foreign national killed in the South Asian nation within a week. Kunio Hoshi, 65, a Japanese citizen born in Bangladesh,

Published 04 Oct, 2015 12:00am

Woman killed on busy Istanbul street in 'suicide pact'

A Turkish woman was killed and her male partner badly wounded in an apparent double suicide bid on Istanbul's best known shopping street, reports said Saturday. The woman, Zeren Buke Toku, and her partner, Nazif Tugrul Saglam, sat on a pavement on the bus

Published 04 Oct, 2015 12:00am

Saudi Arabia arrests one Syrian, one Filipino in illegal bomb factory raid

Saudi Arabian security forces arrested a Syrian man accused of plotting attacks and his Filipino accomplice in a raid on an illegal explosives factory in Riyadh, the interior ministry said on Saturday, according to state news agency SPA. The ministry said

Published 04 Oct, 2015 12:00am

Germany wants to extend Afghanistan mission by one year

The German government wants to extend its deployment in Afghanistan for one year initially, German newspaper Welt am Sonntag cited high-ranking Nato sources as saying. Although Nato has withdrawn almost all of its combat troops, it still has soldiers stat

Published 04 Oct, 2015 12:00am

Britain warns it needs robust reforms to stay in EU

Britain will vote to leave the European Union in a planned referendum if it does not secure "robust, substantial and irreversible" reforms, the foreign secretary has warned, in a marked hardening of language on the issue. Prime Minister David Cameron has

Published 04 Oct, 2015 12:00am

Joaquin upgraded to Category 4 hurricane

Hurricane Joaquin strengthened to a Category Four storm Saturday as it moved away from the Bahamas, where it destroyed homes, caused flooding and left hundreds without power. "Joaquin is a strong Category 4 hurricane on the Saffir-Simpson Hurricane Wind S

Published 04 Oct, 2015 12:00am

Hungary calls for cooperation with Russia

Hungary's foreign minister told the UN General Assembly on Saturday that there can be no let-up in Europe's migration crisis without cooperation with Russia to end the war in Syria. Foreign Minister Peter Szijjarto also appealed for cooperation with Russi

Published 04 Oct, 2015 12:00am

PKK abducts two Turkish soldiers

Suspected militants of the Kurdistan Workers Party (PKK) abducted two Turkish soldiers in eastern Turkey amid a flare-up of violence between Kurdish rebels and security forces, the army said Saturday. The militants seized the soldiers late Friday after st

Published 04 Oct, 2015 12:00am

'Star Wars' spaceship model sets auction record

A model of the "Star Wars" blockade runner spaceship has sold for a record $450,000 - almost double estimates - at a Hollywood memorabilia auction. Auctioneers Profiles in History said on Friday that the intricate 16-inch model of the flying ship featured

Published 04 Oct, 2015 12:00am

Kuala Lumpur marathon cancelled as city turns grey with smog

One of Malaysia's biggest marathons was cancelled on Saturday over fears the health of more than 30,000 runners was at risk from thick smoke caused by Indonesian forest fires that have sparked a regional environmental crisis. Organisers of the Standard Ch

Published 04 Oct, 2015 12:00am

Channel Tunnel traffic resumes after migrant intrusion: Eurotunnel

Traffic resumed through the Channel Tunnel connecting Britain and France early Saturday several hours after being suspended when 113 migrants entered the French side of the tunnel complex, the company operating it said. Services had been suspended for jus

Published 04 Oct, 2015 12:00am

Dalai Lama brushes off health fears

The Dalai Lama said he was in "excellent" health Saturday after doctors told him to scrap a tour of the United States as he returned to his home in northern India. The 80-year-old Tibetan spiritual leader walked unaided from his plane after it landed at D

Published 04 Oct, 2015 12:00am

UAE goes to polls with some citizens still denied vote

Emiratis went to polls on Saturday to fill the elected seats on a government advisory body but despite a broadening of the franchise some citizens were still denied the vote. The electoral roll is drawn up by the rulers of the seven states that make up th

Published 04 Oct, 2015 12:00am

Victims demand Franco truth commission in Spain

Victims of Spain's former dictatorship and their families on Saturday launched a campaign for a "truth commission" to shed light on unsolved crimes of the period. The Platform for a Truth Commission called on political parties ahead of Spain's general ele

Published 04 Oct, 2015 12:00am

Tunisia joining US-led coalition against IS: Prime Minister

Tunisia's prime minister said on Saturday that his country is joining the US-led military coalition fighting the Islamist State group in Syria and Iraq mainly to "exchange information". IS claimed an attack that killed 38 foreign tourists at a seaside res

Published 04 Oct, 2015 12:00am

Hillside collapses on Guatemalan town, killing 25; hundreds missing

The collapse of a hillside onto a town on the edge of Guatemala City killed at least 25 people and left hundreds missing on Friday, as rescue crews searched for survivors in homes buried by dirt and sludge. Loosened by heavy rains, tons of dirt and trees

Published 04 Oct, 2015 12:00am

Yemen severs diplomatic ties with Iran

The Saudi-backed Yemeni government of President Abd-Rabbu Mansour Hadi has decided to sever diplomatic relations with Iran, state media reported. State news agency Saba, citing an unidentified person at the Yemeni presidency, said Yemen "has taken the dec

Published 04 Oct, 2015 12:00am

Bad weather hinders search for missing Indonesian plane

Indonesia's aerial search for a plane that went missing over Sulawesi the previous day with 10 people abroad was halted on Saturday afternoon due to bad weather. The Aviastar airline Twin Otter turboprop aircraft lost contact with airport authorities on a

Published 04 Oct, 2015 12:00am

Palestinian shot dead after killing Israeli, wounding 3

Israeli police shot dead a Palestinian wielding a knife and a gun after he attacked four Israelis, killing one of them, in the Old City of Jerusalem Saturday, rescue services and police said. The attack comes amid high tensions after clashes recently betw

Published 04 Oct, 2015 12:00am

Thousands march in support of migrants in Vienna

A rally in support of migrants fleeing the Syrian conflict and other hardships drew tens of thousands to Vienna on Saturday, organisers and police said. Austria has been a key transit point for many refugees reaching eastern Europe, and organisers said th

Published 04 Oct, 2015 12:00am

18 killed in blasts near Abuja

Two explosions that ripped through the outskirts of Nigeria's capital Abuja left 18 people dead and 41 wounded, rescue officials said Saturday, in the latest bloodshed blamed on Boko Haram Islamists. Nigerian President Muhammadu Buhari condemned the attac

Published 04 Oct, 2015 12:00am

Court allows Silva questioning in Petrobras corruption case

Brazil's Supreme Court authorized the questioning by police of ex-President Luiz Lula da Silva in a broadening corruption case focused on state-run oil company Petrobras, a representative for the court said on Friday. The original motion for permission to

Published 04 Oct, 2015 12:00am

Central African president calls for tougher mandate for UN mission

Central African Republic's interim President Catherine Samba-Panza called on Saturday for a tougher mandate for the UN mission, MINUSCA, and the disarmament of militias and rebels after more than 40 people were killed in the capital of Bangui. Samba-Panza

Published 04 Oct, 2015 12:00am

Currency

Anti-government protesters block traffic in Moldovan capital

Anti-government demonstrators in Moldova's capital have erected dozens of tents in the city's main avenue, intensifying weeks of protests over a huge banking fraud that has fuelled inflation and tarnished the pro-European administration. Protesters set up

Published 04 Oct, 2015 12:00am

SKMCH&RC to launch breast cancer awareness campaign

Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC) carries out its Breast cancer awareness campaign during the month of October every year, to raise awareness about breast cancer and the importance of its early detection. SKMCH&RC is o

Published 04 Oct, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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