News Archives for Print - 2015-12-13

The rupee almost held the overnight levels against the dollar on the money market on Saturday, dealers said. The rupee did not move any side against the dollar for buying at Rs 106.00 while it gained five-paisa for selling at Rs 106.25, however it lost 30

Published 13 Dec, 2015 12:00am

Currency

THE RUPEE: firm trend

The rupee almost held the overnight levels against the dollar on the money market on Saturday, dealers said. The rupee did not move any side against the dollar for buying at Rs 106.00 while it gained five-paisa for selling at Rs 106.25, however it lost 30

Published 13 Dec, 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 (December 12, 2015).

Published 13 Dec, 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 (December 12, 2015).

Published 13 Dec, 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 (December 12, 2015).

Published 13 Dec, 2015 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 13 Dec, 2015 12:00am

Asian naphtha cracks edge higher on strong demand

Asia's naphtha crack edged higher on Thursday to about $128.80 per tonne, holding near an 8-1/2 month high on strong demand and tighter supply from India and the Middle East. Shell said on Thursday is had shut its ethylene cracker complex at the Pulau Buk

Published 13 Dec, 2015 12:00am

Asian rice prices static on lack of demand

Asian rice export prices were static in the past week as foreign buyers did not rush to buy anew due to ample stocks in Thailand, while high prices in Vietnam kept buyers at bay, traders said on Wednesday. The slow rice markets in Thailand and Vietnam hav

Published 13 Dec, 2015 12:00am

US FOB Gulf soyabean premiums steady on spot Chinese demand

Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady on Thursday on moderate demand from China for near-term shipments, traders said. Adequate soyabean supplies in the export pipeline following several days of active farmer sell

Published 13 Dec, 2015 12:00am

Cotton

Cotton market: lean business on lack of motivating factors

Lack of motivating factors, forced the mills and spinners to keep away from big deals on the cotton market on Saturday, dealers said. The official spot rate was unchanged at Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 2200 and Rs 2900

Published 13 Dec, 2015 12:00am

Indian oilseeds fall on hopes of lower buying

Indian oilseeds fell on Thursday as traders shed their long positions on expectations of lower buying. There is a ceiling on the stock dealers and traders can hold. The January soyabean contract on the National Commodity & Derivatives Exchange (NCDEX) clo

Published 13 Dec, 2015 12:00am

CBOT wheat ends higher on technical buying

Wheat futures on the Chicago Board of Trade ended higher on Thursday, with the most-active March contract setting a two-week top on technical buying and short-covering, traders said. K.C. hard red winter wheat and MGEX spring wheat futures also climbed. W

Published 13 Dec, 2015 12:00am

Cotton

Rising trend seen on grain market

A rising trend was witnessed on the wholesale grain market on Saturday in the process of trading, dealer said. On the cereals side, Makai was up by Rs 125 to Rs 2625 and Rs 2650, Masoor Dall Canada quoted higher at Rs 12000 and Rs 12500, they said.

Published 13 Dec, 2015 12:00am

Vegetable Oil

European vegoils: palm oil prices capped by slowing exports

Palm oil prices on the European vegetable oils market were holding around levels that were little changed on Thursday as slowing exports and rising inventories continued to keep a lid on prices, dealers said. Crude palm oil asking prices ranged from $2.50

Published 13 Dec, 2015 12:00am

Capesize rates face mixed fortunes in dull cargo market

The market for capesize bulk carriers is likely to be a tale of two oceans next week, with rates in the Pacific coming under further pressure due to a lack of cargo, while Atlantic rates could continue to rise on a tonnage shortage, brokers said on Thursd

Published 13 Dec, 2015 12:00am

US Plains HRW wheat bids flat

Spot basis bids for hard red winter wheat were flat at mills and elevators across the southern US Plains on Thursday, as supplies were ample and farmer sales slow, grain dealers said. Farmers still have about 40 percent of their wheat harvest, dealers sai

Published 13 Dec, 2015 12:00am

Dalian iron ore futures fall to near a record low

Dalian iron ore futures fell to near a record low on Wednesday, reflecting sustained pressure on the raw material amid waning steel demand in top consumer China. China cut export taxes on steel billet and pig iron as Beijing aims to lift shipments of surp

Published 13 Dec, 2015 12:00am

Asian coffee: ample supply puts pressure on Vietnam sales

A good inflow of fresh robusta beans coupled with huge coffee stocks from the previous crop kept up the pressure on Vietnam's coffee market this week, traders said on Thursday. In Indonesia, Vietnam's rival in robusta production, stocks were still stable

Published 13 Dec, 2015 12:00am

EU wheat futures rise above two-month low

Benchmark wheat futures in Paris rose slightly on Thursday to hold above 2-1/2 month lows, as a continued rebound in Chicago and a fall in the euro offset a bearish backdrop of ample global supply and stiff export competition. Traders were also increasing

Published 13 Dec, 2015 12:00am

Rains slow Brazil's center-south sugar output

Rains slowed Brazil's main center-south sugar output in late November to 704,000 tonnes, down from an already meager output of 1.2 million tonnes in the first half of last month, the main cane industry association Unica said on Tuesday. Unica's report fel

Published 13 Dec, 2015 12:00am

China to bring forward corn sales, force warehouses to offload: sources

China plans to bring forward annual corn sales despite a saturated domestic market and some warehouses may be forced to offload inferior corn in an effort to clear a mounting stockpile, said industry sources. There is no official figure on how much stock

Published 13 Dec, 2015 12:00am

Serbian parliament adopts 2016 budget, sets deficit at three percent of GDP

Serbia's parliament adopted a 2016 budget on Saturday, setting the deficit at 121.8 billion dinars ($1.09 billion) or 3 percent of national output down from the planned 191.3 billion in 2015. Out of 250 deputies, 173 voted for the budget that sees revenue

Published 13 Dec, 2015 12:00am

Egypt to build 1 million homes for poor to help ease shortage

Egypt plans to build 1 million homes for poorer people at a cost of almost $20 billion over the next five years, the housing minister said, to ease a crunch that has seen slums and unlicensed buildings spread since the 2011 revolt. With a population of ab

Published 13 Dec, 2015 12:00am

US pledges $1.2 billion aid for Mozambique

The United States will grant Mozambique $1.2 billion in aid to fund projects in healthcare, food production and education under a five-year agreement signed this week. The money would also be used to improve governance and deepen democracy, a statement po

Published 13 Dec, 2015 12:00am

Currency

Two credit ratings agencies warn of UK 'Brexit' risk

Two credit rating agencies said on Friday that Britain risked a hit to its creditworthiness and possibly a downgrade due to Prime Minister David Cameron's decision to hold a vote on whether to leave the European Union. Shortly after the International Mone

Published 13 Dec, 2015 12:00am

Currency

Two credit ratings agencies warn of UK 'Brexit' risk

Two credit rating agencies said on Friday that Britain risked a hit to its creditworthiness and possibly a downgrade due to Prime Minister David Cameron's decision to hold a vote on whether to leave the European Union. Shortly after the International Mone

Published 13 Dec, 2015 12:00am

China's property investment slows further, sales improve

Annual growth in real estate investment in China slowed further in November even though sales improved slightly, official data showed on Saturday, suggesting persistent weakness in the property market could undermine a fragile economic recovery. Property

Published 13 Dec, 2015 12:00am

China signs law easing social registration system

China will loosen some restrictions on the free movement of workers within the country, long stymied by registration papers that limit access to critical social services, state media reported Saturday, although the new rules may leave many out in the cold

Published 13 Dec, 2015 12:00am

Up to $10 million in diamonds robbed from New York jeweller

Up to $10 million in diamonds have been reported stolen from a New York jeweller who left them in an unlocked safe, police said on Friday. The jeweller, Jonathan Birnbaum, reported the diamonds missing from his Manhattan business on Thursday, according to

Published 13 Dec, 2015 12:00am

Greece reaches deal to unlock further bailout funds

Greece announced Friday it had reached a deal with its international creditors on the latest set of reforms needed to receive another tranche of one billion euros in much-needed bailout loans. "We have reached an agreement for this cycle," the finance min

Published 13 Dec, 2015 12:00am

Greece reaches deal to unlock further bailout funds

Greece announced Friday it had reached a deal with its international creditors on the latest set of reforms needed to receive another tranche of one billion euros in much-needed bailout loans. "We have reached an agreement for this cycle," the finance min

Published 13 Dec, 2015 12:00am

Warren Buffett cuts Munich Re stake to below five percent

Warren Buffett has cut his stake in German reinsurer Munich Re again, after warning earlier this year that prospects for the reinsurance industry had turned gloomier. Buffett cut his holding to 4.6 percent from 9.7 percent previously, a regulatory filing

Published 13 Dec, 2015 12:00am

US spending bill talks edge closer to deal on oil exports: aides

Congressional negotiators edged closer to a historic deal to lift a 40-year-old ban on most US crude oil exports as part of a massive government spending bill, but the talks were far from conclusion, congressional aides said late on Friday. A Senate aide,

Published 13 Dec, 2015 12:00am

ADB urges Bangladesh to develop capital market to spur economy

The Asian Development Bank (ADB) encouraged Bangladesh on Saturday to use the more than $553 million it has provided in loans to develop a capital market and attract private investors. Bangladesh aims to become a middle income country (MIC) by 2021. "A we

Published 13 Dec, 2015 12:00am

Executive convicted of fraud tied to Florida resort Ponzi scheme

The former chief executive of a Florida-based resort company was found guilty on Friday on charges including bank fraud in connection with what authorities said was a $300 million real estate Ponzi scheme. Fred Clark, the ex-chief executive of the now-def

Published 13 Dec, 2015 12:00am

Cuba reaches debt deal with its creditors

Cuba has reached a deal with its creditors under which they will forgive $4 billion of late payment charges and Cuba will pay $2.6 billion of arrears over an 18-year period, French Finance Minister Michel Sapin said in a statement on Saturday. Sapin said

Published 13 Dec, 2015 12:00am

Tunisia parliament approves 2016 budget law

Tunisia's parliament has approved a 29.2 billion dinar ($14.5 billion) national budget for next year forecasting economic growth of 2.5 percent and a narrowing in the budget deficit to 3.9 percent. The bill was passed late on Thursday night even though mo

Published 13 Dec, 2015 12:00am

French gastronomy strikes back with own top restaurants list

France struck back at foreign "world's best restaurants" listings that ignore French restaurants with a list of its own in which five of the 10 top chefs are French. "La Liste" ranks the world's top 1,000 restaurants by aggregating scores of some 4,000 es

Published 13 Dec, 2015 12:00am

Modest falls in China's FX reserves can be tolerated: regulator

China's foreign exchange regulator said on Thursday it sees no reason for sharp falls in the yuan given the country's strong balance of payments position and that there is some latitude for modest declines in its FX reserves. Wang Yungui, head of the poli

Published 13 Dec, 2015 12:00am

Tough year ahead for South Africa's economy, early rate rise seen

Weaker commodity prices and electricity supply shortages are the biggest risks to South Africa's 2016 economic performance, according to a Reuters poll taken in the week before the finance minister was sacked. President Jacob Zuma removed Nhlanhla Nene fr

Published 13 Dec, 2015 12:00am

Japan needs immigrants to boost population or could lose to China: minister

Japan should craft an "integrated" immigration policy to cope with its shrinking population, or risk losing out to an ageing China in competition for vital foreign workers, the cabinet minister for administrative reform said on Thursday.

Published 13 Dec, 2015 12:00am

Currency

Colombia's economy to show 3.2 percent growth for 2015

Colombia's economy could grow as much as 3.5 percent in the fourth quarter, leaving the full year with an expansion of about 3.2 percent, Finance Minister Mauricio Cardenas said on Friday. Cardenas told Caracol Radio that this expansion in gross domestic

Published 13 Dec, 2015 12:00am

US to revise Raytheon contract for satellite control

The US Air Force plans to revise its contract with Raytheon Co for a new ground control network for GPS satellites after officials decided last week to delay completion of the program until July 2022, a senior official said Thursday. Major General Roger T

Published 13 Dec, 2015 12:00am

Atlassian raises $462 million in IPO

Atlassian Corporation Plc raised $462 million in its initial public offering in New York on Wednesday, as investors gave the Australian software company a warmer reception versus other stock market hopefuls in the technology sector this year. The company

Published 13 Dec, 2015 12:00am

Atlassian raises $462 million in IPO

Atlassian Corporation Plc raised $462 million in its initial public offering in New York on Wednesday, as investors gave the Australian software company a warmer reception versus other stock market hopefuls in the technology sector this year. The company

Published 13 Dec, 2015 12:00am

Mutual Funds

China's shadow banking risk shifts to booming bond market

A year after China's financial regulators squared up to the systemic perils of "shadow banking", the threat is shifting to a booming corporate bond market, and risky borrowers' debt is finding its way into products aimed at retail investors. An opaque net

Published 13 Dec, 2015 12:00am

Mutual Funds

China's shadow banking risk shifts to booming bond market

A year after China's financial regulators squared up to the systemic perils of "shadow banking", the threat is shifting to a booming corporate bond market, and risky borrowers' debt is finding its way into products aimed at retail investors. An opaque net

Published 13 Dec, 2015 12:00am

Taiwan, Korea bourses plan to launch chip index next year

The Taiwan and South Korea stock exchanges plan to launch a semiconductor index next year, two people familiar with the matter said Wednesday. "The two sides need to first compile the index. Once there is consensus the technical details can be figured out

Published 13 Dec, 2015 12:00am

Sovereign bonds to remain in demand: strategists

Major sovereign bonds will remain in demand next year, with yields rising only modestly, partly because very low inflation rates are expected to persist for some time, a Reuters poll found on Thursday. There is also a risk that global economic growth rema

Published 13 Dec, 2015 12:00am

Sovereign bonds to remain in demand: strategists

Major sovereign bonds will remain in demand next year, with yields rising only modestly, partly because very low inflation rates are expected to persist for some time, a Reuters poll found on Thursday. There is also a risk that global economic growth rema

Published 13 Dec, 2015 12:00am

TSX sees its weakest close in more than two years

Canada's main stock index saw renewed selling pressure on Friday following a two-day respite, recording its weakest close in more than two years, including deep losses for financial and energy stocks as crude oil prices hit fresh lows. The selling has bee

Published 13 Dec, 2015 12:00am

Denmark picks banks to lead IPO of Dong Energy

The Danish government has picked J.P. Morgan Securities, Morgan Stanley and Nordea Markets to help manage the planned initial public offering (IPO) of utility company Dong Energy. Dong Energy, Europe's largest offshore wind farm developer, said in Septemb

Published 13 Dec, 2015 12:00am

Denmark picks banks to lead IPO of Dong Energy

The Danish government has picked J.P. Morgan Securities, Morgan Stanley and Nordea Markets to help manage the planned initial public offering (IPO) of utility company Dong Energy. Dong Energy, Europe's largest offshore wind farm developer, said in Septemb

Published 13 Dec, 2015 12:00am

Treasuries outlook: yields plunge in line with oil drop

Yields on long-dated US Treasury debt declined to multi-week lows on Friday, as an extended drop in oil prices and weak stock markets spurred investors to seek the relative safety of government bonds. The slide in oil prices in particular suggested that i

Published 13 Dec, 2015 12:00am

Treasuries outlook: yields plunge in line with oil drop

Yields on long-dated US Treasury debt declined to multi-week lows on Friday, as an extended drop in oil prices and weak stock markets spurred investors to seek the relative safety of government bonds. The slide in oil prices in particular suggested that i

Published 13 Dec, 2015 12:00am

Credit Suisse expects Swiss IPO market to rebound in 2016

Credit Suisse expects the market for initial public offerings in Switzerland to rebound next following an unexpectedly slow 2015, the Swiss lender's head of domestic investment banking said on Tuesday. After an IPO-heavy 2014, jitters over emerging market

Published 13 Dec, 2015 12:00am

Credit Suisse expects Swiss IPO market to rebound in 2016

Credit Suisse expects the market for initial public offerings in Switzerland to rebound next following an unexpectedly slow 2015, the Swiss lender's head of domestic investment banking said on Tuesday. After an IPO-heavy 2014, jitters over emerging market

Published 13 Dec, 2015 12:00am

Ecuador vows to repay Global 2015 bonds in full

Ecuador has $650 million ready to repay its Global 2015 bonds in full over the next few days, Finance Minister Fausto Herrera said on Thursday, despite the Opec member's squeezed finances due to the steep slump in global oil prices. That would be the firs

Published 13 Dec, 2015 12:00am

Ecuador vows to repay Global 2015 bonds in full

Ecuador has $650 million ready to repay its Global 2015 bonds in full over the next few days, Finance Minister Fausto Herrera said on Thursday, despite the Opec member's squeezed finances due to the steep slump in global oil prices. That would be the firs

Published 13 Dec, 2015 12:00am

Bund yields show biggest weekly fall since July

German Bund yields suffered their biggest weekly fall since July, with a further fall in the oil price helping to drive borrowing costs down sharply after the European Central Bank disappointed markets last Thursday. Ten-year yields have dropped 15 basis

Published 13 Dec, 2015 12:00am

Bund yields show biggest weekly fall since July

German Bund yields suffered their biggest weekly fall since July, with a further fall in the oil price helping to drive borrowing costs down sharply after the European Central Bank disappointed markets last Thursday. Ten-year yields have dropped 15 basis

Published 13 Dec, 2015 12:00am

DCC, Provident and Worldpay join FTSE 100

British grocer Morrison, engineering firm Meggitt and security company G4S are to leave the bluechip FTSE 100 index, global index provider FTSE Russell said on Wednesday. The companies are to be replaced by mid-cap stock DCC, an Irish distribution company

Published 13 Dec, 2015 12:00am

China plans registration-based system for stock market flotations

China plans to shift to a US-style registration system for stock market flotations on the Shanghai and Shenzhen exchanges within two years, the cabinet said on Wednesday. The State Council is awaiting approval from the National People's Congress, or parli

Published 13 Dec, 2015 12:00am

Currency

Wall Street drops as oil's multi-year low adds to investor fears

US stocks closed sharply lower on Friday, with the S&P 500 ending its worst week since August, as plunging crude oil prices compounded investor nervousness on expectations for the first US interest rate hike in nearly a decade. Oil dragged down market as

Published 13 Dec, 2015 12:00am

Currency

African currencies week ahead: African currencies under pressure ahead of likely US rate hike

The Ugandan shilling could weaken on dollar demand by firms seeking to pay local taxes, while the Zambian kwacha could wilt on reduced copper export earnings, traders said. Most African currencies are likely to take a hit on the expected US Federal Reserv

Published 13 Dec, 2015 12:00am

Currency

Argentina to lift currency controls, but cautiously

Argentina will ease currency controls under its new President Mauricio Macri, but not until the true amount of central bank reserves is known and its board of directors has been replaced, a senior incoming bank official told Reuters on Friday. Macri took

Published 13 Dec, 2015 12:00am

Currency

Mexico will protect peso, Fed not only factor for rates: Carstens

Mexico must be ready to "take care" of the battered peso as a US rate hike looms, but US Federal Reserve policy will not be the only factor driving Mexico's rate decisions, Central Bank Governor Agustin Carstens said on Monday. Carstens leads the Bank of

Published 13 Dec, 2015 12:00am

Currency

Canadian dollar slumps as oil extends slide

The Canadian dollar lost more than a cent against a broadly weaker US dollar and slumped anew versus the euro on Friday, and as oil skidded toward an 11-year low and dragged down resource-linked currencies. "There's been a wholesale shift out of commodity

Published 13 Dec, 2015 12:00am

Currency

Dollar falls on jitters ahead of Fed meeting

The dollar fell on Friday against a basket of currencies as a sell-off on Wall Street and slumping commodity prices overshadowed solid data on US retail sales data and consumer sentiment which may encourage the Federal Reserve to hike interest rates next

Published 13 Dec, 2015 12:00am

Spot FX volumes on Thomson Reuters platforms fall to three-year low

Daily spot trading volumes on foreign exchange platforms run by Thomson Reuters fell to a three-year low of $90 billion in November, according to figures published by the company late on Friday. That marked a fall of 13.5 percent from the previous month,

Published 13 Dec, 2015 12:00am

Speculators cut net US dollar longs

Speculators reduced bullish bets on the US dollar in the latest week, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position slipped to $41.22 billion in the

Published 13 Dec, 2015 12:00am

Currency

Ukrainian hryvnia seen stabler but still under pressure in 2016

Ukraine's hryvnia currency, which has lost 65 percent of its value against the dollar since the start of 2014, will be far more stable in 2016 but will remain under pressure from weak foreign currency inflows and a trade deficit, a Reuters monthly survey

Published 13 Dec, 2015 12:00am

Currency

Yuan pessimism at five-year high, Asia FX sentiment worsens before Fed decision

Pessimism on China's yuan reached the highest level in more than five years as the world's second-largest economy kept losing steam, and views on most emerging Asian currencies deteriorated on expectations of a US rate hike next week, a Reuters poll showe

Published 13 Dec, 2015 12:00am

Barca held by Deportivo after blowing two-goal lead

Barcelona threw away a two-goal lead set up by Lionel Messi and Ivan Rakitic in the final 13 minutes as Deportivo la Coruna struck a blow to their title hopes with a 2-2 draw on Saturday. Despite missing the injured Neymar, the European champions looked o

Published 13 Dec, 2015 12:00am

Williamson in elite set as New Zealand take control

Kane Williamson joined the elite 1,000 runs-a-year club Saturday as New Zealand built a commanding 308-run lead over Sri Lanka with two days remaining in the first Test in Dunedin. Only the threat of rain and a flattening pitch loomed as possible barricad

Published 13 Dec, 2015 12:00am

Tougher measures demanded after bowler's Pakistan race blast

An anti-racism campaigner has called on the England and Wales Cricket Board to get tougher on abuse after Somerset bowler Craig Overton was only given a two-match ban for allegedly telling a Pakistan-born opponent to "go back to your own f***ing country".

Published 13 Dec, 2015 12:00am

World champs Chen and Marin ousted in day of shocks

Both world singles champions, Chen Long and Carolina Marin, were beaten in straight games Saturday on a day when the 2015 form-book was torn up in the badminton Super Series finals n Dubai. Chen, who has won seven Super Series tournaments this year, was b

Published 13 Dec, 2015 12:00am

England not sure of best team: Cook

England captain Alastair Cook said on Saturday he expected strong competition for places as his team prepares for a four-Test series against South Africa. "We don't know our best XI quite yet," said Cook at the team's first press conference following thei

Published 13 Dec, 2015 12:00am

Iheanacho sends Man City top, Palace up to sixth

Kelechi Iheanacho's fortuitous stoppage-time goal gave Manchester City a 2-1 home win over managerless Swansea City on Saturday that provisionally sent Manuel Pellegrini's side top in the Premier League. Swansea, who sacked Garry Monk on Wednesday, looked

Published 13 Dec, 2015 12:00am

Pattinson spearheads Australia to crushing innings win over West Indies

Recalled paceman James Pattinson claimed five wickets as the West Indies succumbed to a dispiriting innings and 212-run loss to Australia on the third day of the first Test in Hobart on Saturday. Pattinson, playing in his first Test since March last year

Published 13 Dec, 2015 12:00am

Argentina's new government won't seek to revive deal with Iran

Argentina's new government will not appeal a court's decision to strike down a deal with Iran over investigating a deadly 1994 bombing of a Buenos Aires Jewish community center, a government source said on Friday, putting the long-running controversy to r

Published 13 Dec, 2015 12:00am

Kuwait ruling family member given suspended jail term

A Kuwaiti court has given a suspended prison sentence to Sheikh Ahmad al-Fahad al-Sabah, a senior member of the ruling family and a powerbroker in international sport, for quoting remarks by the country's ruler without permission, local media said. The Gu

Published 13 Dec, 2015 12:00am

Ukraine rebel commander killed in car blast

The pro-Russian leader of a rebel militia in eastern Ukraine was killed in a suspected car bombing Saturday in the breakaway eastern region of Lugansk, local media said. Pavel Dremov, the 39-year-old head of an ethnic Cossack militia of several hundred fi

Published 13 Dec, 2015 12:00am

North-South Korea talks end without agreement

The first high-level talks between North and South Korea since an August agreement to end an armed confrontation across their border ended inconclusively on Saturday with no date set for a further meeting. Hwang Boogi, South Korea's chief delegate, told r

Published 13 Dec, 2015 12:00am

IS suicide bomber kills six on Iraq-Saudi border

A suicide bomber struck an Iraqi position on the border with Saudi Arabia, killing six guards, officials said Saturday, an attack claimed by the Islamic State group. The bomber detonated an explosives-rigged truck at a border post in Iraq's vast Anbar pro

Published 13 Dec, 2015 12:00am

Russia calls Turkish troop deployment in Iraq 'unlawful incursion'

Russian Foreign Minister Sergei Lavrov has spoken by phone with his Iraqi counterpart Ibrahim al-Jaafari to discuss the "unlawful incursion" of Turkish troops in northern Iraq, the Russian Foreign Ministry said on Saturday. "The Russian side expressed its

Published 13 Dec, 2015 12:00am

Iraqi fighters protest Turkish troop presence

Several thousand protesters, most of them members of Shia paramilitary forces, gathered in central Baghdad on Saturday to demand the withdrawal of Turkish troops from Iraq. Iraq says Turkey deployed troops and tanks to a base in the country's north last w

Published 13 Dec, 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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