News Archives for Print - 2016-02-02

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Print - 2016-02-02

Exchange

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (February 01, 2016).

Published 02 Feb, 2016 12:00am

Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 02 Feb, 2016 12:00am

Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 02 Feb, 2016 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 02 Feb, 2016 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 02 Feb, 2016 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 02 Feb, 2016 12:00am

Hot and dry winds threaten Ivory Coast cocoa mid-crop

A week of hot conditions and intense dry winds across Ivory Coast cocoa-growing regions risks hindering the development of the upcoming mid-crop harvest and has prompted fears of bush fires, farmers said on Monday. Ivory Coast is in the dry season, which

Published 02 Feb, 2016 12:00am

Exchange

Indian rapeseed futures hit nine-month low

Indian rapeseed futures closed marginally higher on Monday due to short-covering, after falling to a nine-month low earlier in the session on expectations of a bumper crop. The key April rapeseed contract on the National Commodity & Derivatives Exchange e

Published 02 Feb, 2016 12:00am

Cotton

Prices fall on grain market

Most of the commodities tended lower on the wholesale grain market on Monday in the process of slow trading, dealers said. On the seeds side, Castor seeds Lasbela was down by Rs 100 to Rs 2100 and castor seeds Lakhra slid by Rs 500 to Rs 2000, cottonseeds

Published 02 Feb, 2016 12:00am

Asian naphtha reverses gains as glut fails to ease

Asia's naphtha crack for second half March at $80.78 a tonne was at a two-session low on Monday as ample supplies overturned expectations that a glut was easing, traders said. Although South Korea has restarted a cracker following an outage, Japan will st

Published 02 Feb, 2016 12:00am

Exchange

US natural gas futures jump over five percent on colder weather

US natural gas futures ended up more than 5 percent on Friday in a short covering rally on forecasts for colder weather through the middle of February that should boost heating demand. After trading within a few cents of unchanged for eight straight days,

Published 02 Feb, 2016 12:00am

Thailand to sell 570,000 tonnes of rice from stockpiles

Thailand will sell 570,000 tonnes of rice from government stockpiles for human consumption and industrial use, the commerce ministry said on Monday. Thailand, the world's second-biggest rice exporter after India, has stocks of about 13 million tonnes foll

Published 02 Feb, 2016 12:00am

Cotton

Oil cake market rates

The March vaida was lower on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The March vaida closed at Rs 2052.30 and it commenced a decline of 50 paisa at Rs 2051.80 in the early hours, they said.

Published 02 Feb, 2016 12:00am

Cotton

Cotton market: prices fall as mills show interest in low quality of lint

Prices slid on the cotton market on Monday as spinners and mills showed interest in purchasing of low variety of lint, dealers said. The official spot rate dropped by Rs 50 to Rs 5,400, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs

Published 02 Feb, 2016 12:00am

Exchange

Daily trading report of PMEX

On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,295 million. The number of lots traded was 48.32 million. PMEX Commodity Index closed at 2,582. Major business was contributed by gold amounting to PKR 6,497 million followed by cru

Published 02 Feb, 2016 12:00am

US Plains HRW wheat bids unchanged

Spot basis bids for hard red winter wheat were mostly unchanged in the southern US Plains on Friday, as bad weather approaches, grain merchandisers said. A dealer at an elevator in Goodland, Kansas, said farmers were selling some grain before a snowstorm

Published 02 Feb, 2016 12:00am

Russian wheat export prices gain on recovering rouble

Russian wheat export prices rose last week as the rouble strengthened, making grain less competitive on dollar-denominated global markets, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content were at $182 a tonne o

Published 02 Feb, 2016 12:00am

CBOT wheat futures climb on short-covering

Wheat futures on the Chicago Board of Trade rose on Friday on short-covering and end-of-the month technical buying, traders said. CBOT March wheat settled at $4.79-1/4 a bushel, up 7 cents on the day and above the contract's 50-day moving average. K.C. ha

Published 02 Feb, 2016 12:00am

US FOB Gulf soyabeans steady to weaker on slowing demand

Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady to weaker on Friday, easing in tandem with softening CIF barge basis values amid seasonally slowing export demand, traders said. US soyabean offers are not competitive with ch

Published 02 Feb, 2016 12:00am

Karachi Port's activities

The Karachi Port handled 3140,087 tonnes of cargo comprising 265,675 tonnes of import cargo and 48,412 tonnes of export cargo including 6,424 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 26

Published 02 Feb, 2016 12:00am

Canadian canola futures fall

ICE Canadian canola futures fell on Friday to a two-month low, registering a weekly loss, under pressure from a stronger Canadian dollar and commercial hedging. A pickup in farmer selling to the cash market was noted, a trader said. For the month, most-ac

Published 02 Feb, 2016 12:00am

Platinum on track for lowest annual average since 2005, below $1,000/oz

Platinum prices are expected to average less than $1,000 an ounce in 2016 for the first time in more than a decade as global growth concerns and demand fallout from the Volkswagen scandal grip the market, a Reuters poll showed on Monday. The poll of 31 an

Published 02 Feb, 2016 12:00am

Exchange

Shanghai copper drops

Shanghai Futures Exchange copper fell 0.5 percent to 35,450 yuan ($5,390) a tonne on Monday after China's manufacturing growth shrank at the fastest pace in more than three years in January, underlining slowing appetite from the world's top metals consume

Published 02 Feb, 2016 12:00am

Exchange

Copper slides, spooked by weak China data

Copper slipped on Monday alongside Chinese equities on news the country's manufacturing sector shrank at the fastest in more than three years, reinforcing fears of weaker demand in the top consumer of industrial metals. Benchmark copper on the London Meta

Published 02 Feb, 2016 12:00am

Exchange

Oil sinks, pressured by China, Opec and warmer US weather

US crude oil prices slid almost 7 percent on Monday, pressured by weak economic data from China, a US forecast for mild weather and growing doubts that Opec would act to reduce the swelling global supply glut. Chinese manufacturing contracted in January a

Published 02 Feb, 2016 12:00am

Exchange

TOCOM rubber rises

Benchmark Tokyo rubber futures closed 1 percent higher on Monday to settle at a one-week high helped by a weaker yen, but the gains were limited by weak Chinese factory activity data. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre r

Published 02 Feb, 2016 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1700 GMT.

Published 02 Feb, 2016 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1700 GMT.

Published 02 Feb, 2016 12:00am

Algeria 2015 grain import volumes up 11.2 percent

Algeria's 2015 grain imports rose 11.2 percent to 13.67 million tonnes despite efforts to curb purchases from abroad, official data showed. One of the world's largest grain importers, Algeria wants to trim imports as low crude oil prices hurt state coffer

Published 02 Feb, 2016 12:00am

Iran aims to be self-sufficient in wheat: minister

Iran aims to be self-sufficient in wheat in future by improving yields but will continue to be reliant on imports for maize and barley, Iranian Agriculture Minister Mahmoud Hojjati said during a visit to Paris on Thursday. Iran has been a major wheat impo

Published 02 Feb, 2016 12:00am

Exchange

Cocoa jumps 4 percent, sugar pivots lower

Cocoa futures soared 4 percent in heavy volume on Monday, in a corrective rally spurred by crop weather concerns in top grower Ivory Coast and oversold market conditions, causing the New York market to make its biggest jump in 3-1/2 years. Raw sugar fell

Published 02 Feb, 2016 12:00am

Exchange

Gold advances in Asia

Gold advanced at the start of the month on Monday, extending gains after ending January with its biggest monthly jump in a year, as poor Chinese manufacturing numbers underlined the weak outlook for the global economy. China's stocks fell after an officia

Published 02 Feb, 2016 12:00am

Exchange

Gold claws its way higher in Europe

Gold edged higher on Monday, extending its recent rally on worries about global economic growth and hopes for easier monetary policy after weak factory data in Asia and Europe. China's official measure of manufacturing in January fell to the lowest since

Published 02 Feb, 2016 12:00am

Russia to leave its grain tax scheme intact

Russia, one of the world's largest wheat exporters, is not expected to change its current regime of taxes on grain exports, sources said on Friday, following proposals to change them. Concerns over the possibility of tougher limits on Russia's foreign sal

Published 02 Feb, 2016 12:00am

Russia to leave its grain tax scheme intact

Published 02 Feb, 2016 12:00am

US MIDDAY: wheat, corn and soya sag

US wheat futures fell on Monday amid plentiful global inventories and poor export demand for US supplies, traders said. Corn and soyabeans also fell as macroeconomic worries hung over the market and on some forecasts for much-needed rains in Argentina nex

Published 02 Feb, 2016 12:00am

Nokia patent sales forecast from Samsung deal hits shares

Nokia said it had settled a lengthy patent dispute with South Korea's Samsung on Monday, but investors were disappointed by the financial terms of the deal. Nokia's shares fell more than 10 percent after the Finnish firm said the Samsung deal would lift p

Published 02 Feb, 2016 12:00am

ATR says signs 1.0-billion-euro planes deal with Iran

European manufacturer of turboprop aircraft ATR said Monday it had signed a one-billion-euro deal with Iran Air for up to 40 planes after the dropping of US sanctions against Iran. Under the accord inked in Tehran, ATR is to provide the Iranian national f

Published 02 Feb, 2016 12:00am

South Korea's exports record biggest drop since 2009

South Korea's exports, the main driver of the national economy, suffered their sharpest drop in more than six years in January, extending what is now a 13-month losing streak. Government data released Monday showed exports down 18.5 percent from the same

Published 02 Feb, 2016 12:00am

French court backs charges against HSBC

The Paris appeals court on Monday confirmed charges against British banking giant HSBC Holdings PLC as part of a tax fraud probe, sources close to the case told AFP. The court rejected an appeal by HSBC that charges first brought in April for facilitating

Published 02 Feb, 2016 12:00am

Renault opens first China factory

French car giant Renault opened its first car factory in China on Monday, the last major manufacturer to set up a plant in the country as it looks to tap into the world's biggest auto market. The $1.2-billion facility in Wuhan, a carmaking hub in the cent

Published 02 Feb, 2016 12:00am

Iraq oil exports up but revenue plunges on low prices

Iraqi oil exports rose in January compared to the previous month but revenue fell by more than $650 million due to plunging crude prices, the oil ministry said on Monday. Baghdad is facing a financial crisis due to the fall in oil prices, which the minist

Published 02 Feb, 2016 12:00am

World's first 'robot run' farm to open in Japan

A Japanese firm said Monday it would open the world's first fully automated farm with robots handling almost every step of the process, from watering seedlings to harvesting crops. Kyoto-based Spread said the indoor grow house will start operating by the

Published 02 Feb, 2016 12:00am

World's first 'robot run' farm to open in Japan

Published 02 Feb, 2016 12:00am

EU antitrust chief rejects US criticism of Apple, Starbucks tax cases

Europe's antitrust chief signalled on Monday her determination to go after Apple, Starbucks and McDonald's over their tax deals in the bloc, dismissing US criticism of her crackdown on the companies. European Competition Commissioner Margrethe Vestager's

Published 02 Feb, 2016 12:00am

ECB chief highlights risks to economy

The European Central Bank is prepared to play its part in helping the economic recovery, president Mario Draghi said on Monday, but warned of risks to growth. "Growth prospects are slowly improving in advanced economies, but the outlook in emerging market

Published 02 Feb, 2016 12:00am

Abbott Labs to buy Alere for $5.8 billion

Abbott Laboratories said it would buy Alere Inc for $5.8 billion to become a leader in point-of-care testing, a fast-growing market as physicians increasingly adopt rapid tests that speed up treatment. Point-of-care tests provide results to doctors in a m

Published 02 Feb, 2016 12:00am

Exchange

Credit Suisse, Barclays to pay $154.3 million over 'dark pools'

Barclays and Credit Suisse will pay $154.3 million combined to settle charges that they violated federal securities laws over their so-called "dark pools," the US Securities and Exchange Commission said Sunday. They agreed to record individual settlements

Published 02 Feb, 2016 12:00am

UK watchdog fines, bans individuals in first legal insurance case

Britain's financial watchdog fined five people and two firms a total of 15.5 million pounds ($22.14 million) on Monday in its first enforcement action regarding insurance cover for lawyers. The Financial Conduct Authority said Shay Reches, a director at C

Published 02 Feb, 2016 12:00am

Global factories parched for demand, need stimulus

January surveys of global factory activity released on Monday showed the new year began much as the old one ended, with too much capacity chasing too little demand. Global manufacturing expansion accelerated slightly but remained weak at the start of 2016

Published 02 Feb, 2016 12:00am

Currency

Gulf stocks lose steam as oil retreats; banks buoy Abu Dhabi

Most Gulf stock markets lost steam on Monday as oil prices pulled back although strong fourth-quarter earnings at two major banks boosted Abu Dhabi, while Egypt resumed falling because of currency jitters. Bourses in the Gulf had surged over the past few

Published 02 Feb, 2016 12:00am

Tokyo stocks sharply higher as Sony soars

Tokyo stocks closed sharply higher Monday, as the Bank of Japan's surprise policy announcement last week stoked hopes for more central bank stimulus, while Sony skyrocketed on upbeat quarterly earnings. The electronics giant on Friday reported a nine-mont

Published 02 Feb, 2016 12:00am

Monday's early trade: Wall Street drops as weak Chinese data points to slowdown

US stocks pulled back on Monday as weak Chinese economic data exacerbated concerns about a global slowdown and oil prices resumed their slide. The data from China showed that the world's second-largest economy's manufacturing sector contracted in January

Published 02 Feb, 2016 12:00am

Sri Lankan shares end higher

Sri Lankan shares rose for a third straight session on Monday to end at their highest in more than a week led by large-caps, but trading volume slumped to a more-than-one-month low. The main stock index ended 0.36 percent higher at 6,363.18, the highest c

Published 02 Feb, 2016 12:00am

Australia shares climb

Australian shares rose almost 1 percent on Monday, climbing for a third consecutive session, as the Bank of Japan's decision to cut a benchmark interest rate below zero buoyed market sentiment. The S&P/ASX 200 index rose 38.08 points to 5,043.60 at the cl

Published 02 Feb, 2016 12:00am

Indian shares start week on positive note

India's broader NSE index rose 0.2 percent on Monday, as Larsen & Toubro rallied after maintaining its sales guidance for the year, while sentiment was also supported by better-than-expected manufacturing data. Traders said investors also drew comfort fro

Published 02 Feb, 2016 12:00am

Exchange

China shares fall as economic pulse slows

Chinese shares stumbled lower on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite for markets from the country's economic drift. The Shanghai Composite Index eased 1.8 percent,

Published 02 Feb, 2016 12:00am

Hong Kong shares fall

Hong Kong shares fell on Monday after an official survey showed China's factory activity shrank more than expected in January and by its fastest pace in nearly 3-1/2 years. The Hang Seng index fell 0.5 percent to end at 19,595.50 points, while the China E

Published 02 Feb, 2016 12:00am

European shares fall after slump in Nokia and Alcatel

European shares fell on Monday, pulled lower by telecom equipment stocks amid investor disappointment over the terms of a deal between Nokia and Samsung to settle a legal dispute. The pan-European FTSEurofirst 300 index, which fell 6 percent in January in

Published 02 Feb, 2016 12:00am

Exchange

South East Asian stocks mixed

Southeast Asian stock markets were mixed on Monday after signs of weakness in China's economy and falls in oil prices, with the benchmark Singapore stock index snapping a three-session rising streak while shares in Indonesia and the Philippines rose on in

Published 02 Feb, 2016 12:00am

Energy shares drag FTSE down from three-week highs

Britain's top equity index retreated from three-week highs on Monday, with commodity shares falling after a factory survey in China, a major consumer of metals and oils in the world, disappointed investors. The blue-chip FTSE 100 index closed 0.4 percent

Published 02 Feb, 2016 12:00am

Exchange

Down against dollar

The yuan eased against the dollar on Monday as weak manufacturing data added to worries about the risk of further capital outflows, and after the central bank set a weaker midpoint. China's manufacturing activity unexpectedly contracted at its fastest pac

Published 02 Feb, 2016 12:00am

Currency

Derivative bets on yuan weakening reach record high

Hedge funds have ramped up bets on a sharp devaluation of China's yuan since the Bank of Japan cut interest rates into negative territory, with the bias towards yuan falls in options markets hitting its highest on record on Monday. Reuters data on Monday

Published 02 Feb, 2016 12:00am

Currency

Yen nurses broad losses, euro struggles in Asia

The yen nursed broad losses on Monday and the euro struggled for traction after the Bank of Japan adopted negative interest rates, heightening expectations that the European Central bank will ease policy too, making European bond yields slide. The dollar

Published 02 Feb, 2016 12:00am

Exchange

Early trade in New York: dollar weakens broadly

The US dollar fell against a basket of major currencies on Monday on the view that the Federal Reserve would not be able to hike interest rates as quickly as forecast this year given weak US economic data and continued easing from the Bank of Japan. The d

Published 02 Feb, 2016 12:00am

Currency

Yen steadies in Europe

The yen steadied on Monday after its biggest one-day fall in over a year as a rally in riskier assets prompted by the Bank of Japan's shift to sub-zero interest rates stalled after yet more weak Chinese data. The Japanese currency tumbled 2 percent to a s

Published 02 Feb, 2016 12:00am

Vanguard reopens money fund

Vanguard said it will reopen its Treasury money market mutual fund to all investors, citing improved market conditions. The biggest US mutual fund company, based in Valley Forge, Pennsylvania, closed the $9.1 billion fund in January 2009 in an effort to s

Published 02 Feb, 2016 12:00am

Vanguard reopens money fund

Published 02 Feb, 2016 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 78.50-78.55 (previous 78.50-78.50). 02.00-04.50 percent (Previous 02.00-04.50 percent).

Published 02 Feb, 2016 12:00am

Exchange

Rupiah leads Asia FX gains

The Indonesian rupiah hit a near six-week high on Monday, leading gains among emerging Asian currencies, as investors hunted for higher yields in the region after the Bank of Japan adopted negative interest rates. South Korea's won, however, slid as expor

Published 02 Feb, 2016 12:00am

Exchange

Hong Kong dollar weakness normal amid interest rate normalisation: HKMA

The easing of the Hong Kong dollar is a normal phenomenon when interest rate differentials widen between the local currency and the US dollar, while the weak forward rates do not mean the market is betting on a change in the local currency's peg to the gr

Published 02 Feb, 2016 12:00am

Currency

Aussie, kiwi ease

The Australian and New Zealand dollars eased on Monday as investors gave both commodity currencies a wide berth in the face of yet more disappointing data out of China. China's official Purchasing Managers' Index (PMI) dipped to 49.4 in January, from 49.7

Published 02 Feb, 2016 12:00am

Currency

Sterling surges

Sterling rose 0.9 percent against a broadly weaker dollar on Monday, helped by a robust reading of manufacturing sentiment, although concerns over increased public support for Britain's exit from the European Union checked gains. The pound has suffered si

Published 02 Feb, 2016 12:00am

Currency

Sri Lankan rupee forwards down

Sri Lankan rupee forwards ended marginally weaker on Monday due to importer dollar demand while selling of the greenback by a foreign bank capped further weakening of the local currency, dealers said. The spot rupee was not traded as banks were reluctant

Published 02 Feb, 2016 12:00am

China firms spend big as Xi dreams of glory

Chinese football clubs are splashing their cash in Europe, as wealthy owners embrace President Xi Jinping's vision of the sleeping Asian giant becoming a new heavyweight in the sport. As January's European transfer window began to swing shut on Monday, cl

Published 02 Feb, 2016 12:00am

Ibrahimovic blasts Paris into record books

A Zlatan Ibrahimovic brace saw Paris Saint Germain stretch their lead atop Ligue 1 to a massive 24 points on Sunday in a 2-0 away win over a spirited Saint Etienne. Not only was this a club record 13th straight win, it also sees the rampaging Paris side e

Published 02 Feb, 2016 12:00am

Messi seeks to meet Afghan boy

Barcelona star Lionel Messi is hoping to arrange a meeting with an Afghan boy who shot to fame after pictures of him dressed in a striped plastic bag jersey went viral, Kabul's football federation said Monday. Five-year-old Murtaza Ahmadi idolises the Arg

Published 02 Feb, 2016 12:00am

TV cash scramble pushes Premier League spending past £1 billion

Fear of missing out on the English Premier League's huge television money bonanza in 2016 has propelled transfer spending beyond £1 billion ($1.43 billion, 1.3 billion euros) for the first time. England's 20 elite clubs have collectively spent more than £

Published 02 Feb, 2016 12:00am

Commissioner School Cricket from February 8

The city commissioner has talked up the Commissioner School Cricket Championship Series 2016, saying it will play an important role for the survival of school cricket in Lahore and revival of cricket nurseries for national cricket. Monday's meeting Commis

Published 02 Feb, 2016 12:00am

New Zealand name spin trio for World T20

New Zealand on Monday named three spinners in the Black Caps squad for the ICC World Twenty20 in India, anticipating a wealth of turning wickets. Veteran Nathan McCullum, Mitchell Santner and Ish Sodhi were all included in the 15-man party, which will be

Published 02 Feb, 2016 12:00am

Saeed Ajmal targets World T20 return

Pakistan's discarded off-spinner Saaed Ajmal says he is hopeful of proving his form in a forthcoming domestic league as he targets a return to national colours in the World Twenty20 this March. The 38-year-old, whose accuracy and deceptive doosra helped d

Published 02 Feb, 2016 12:00am

France aided Ivory Coast's Ouattara to take 'power by force,' ICC told

Defence lawyers for fallen Ivorian leader Laurent Gbagbo on Monday accused his bitter rival President Alassane Ouattara of seizing power by force aided by former colonial power France, after disputed 2010 polls. On the third day of Gbagbo's landmark trial

Published 02 Feb, 2016 12:00am

Syria talks must lead to 'transition away from Assad': Britain

Britain said Monday that the UN-brokered peace talks on Syria being held in Geneva must lead to a political "transition away" from President Bashar al-Assad. "Syrian peace negotiations must deliver a political transition away from Assad and end the suffer

Published 02 Feb, 2016 12:00am

Hungary anti-terror plan is 'attack on human rights': Amnesty

Amnesty International on Monday slammed plans by the Hungarian government to introduce sweeping anti-terror laws including curfews and Internet restrictions, calling the proposal an "attack on human rights". According to a draft leaked to the media last m

Published 02 Feb, 2016 12:00am

Carpet-bombing in IS fight against 'our values': US general

The commander of the US-led coalition fighting the Islamic State group in Iraq and Syria on Monday dismissed calls to carpet- bomb the jihadists. "We are bound by the laws of armed conflict. It doesn't only matter whether or not you win, it matters how yo

Published 02 Feb, 2016 12:00am

Ban tells Israel 'don't shoot the messenger'

UN Secretary-General Ban Ki-moon told Israel "don't shoot the messenger" as he renewed criticism of the "humiliating" Israeli occupation of Palestinian territories. Ban said in an opinion piece published in the New York Times that Israel cannot keep "lash

Published 02 Feb, 2016 12:00am

Israel restricts access to Ramallah

Israel restricted access Monday into and out of the Palestinian political capital of Ramallah on the occupied West Bank after a checkpoint shooting that wounded soldiers, stepping up its response to attacks. It was the first time such a step was taken by

Published 02 Feb, 2016 12:00am

Scientists solve biological brain twister

The deep folds that give the adult human brain its wrinkled walnut appearance were Nature's solution to fitting a large, powerful processor into a small skull. Like a piece of flat, square paper crumpled together to fit into a small, round hole, folding a

Published 02 Feb, 2016 12:00am

China arrests fourth Japanese over spying: Tokyo

Japan on Monday denied that it carries out espionage activities abroad as it announced that Chinese authorities have formally arrested a fourth Japanese citizen on suspicion of spying. China and Japan have been taking steps for more than a year to improve

Published 02 Feb, 2016 12:00am

Iowa votes - and the 2016 White House race begins

Voters in Iowa finally have their say Monday in the first test of the US presidential race, with Republican frontrunner Donald Trump looking to capitalise on his stunning campaign success and Democrat Hillary Clinton defending her status as the favourite.

Published 02 Feb, 2016 12:00am

Thirteen students on picnic drown in India beach tragedy

A college picnic to the beach turned into a tragedy on Monday when at least thirteen students drowned off India's west coast after they went swimming, police and officials said. The tragedy was the latest drowning incident in India, where many people are

Published 02 Feb, 2016 12:00am

Britain allows first genetic modification of embryos

Britain on Monday granted its first research licence to genetically modify human embryos to a project that aims to give hope to women struggling to conceive, raising ethical concerns about "designer babies". The decision makes Britain one of the first cou

Published 02 Feb, 2016 12:00am

Exchange

CM says ready to send requisition for extension in Rangers' policing powers

Chief Minister Sindh Syed Qaim Ali Shah on Monday assured Interior Minister Chaudhry Nisar Ali Khan that the Sindh government would send a requisition to the federal government for extension in the Rangers' special powers today (Tuesday). An official said

Published 02 Feb, 2016 12:00am

Shahdra Kroll Forest: government to carry out tree plantation over 600 acres: minister

The Punjab minister for forests, wildlife and fisheries has claimed tree plantation over 600 acres of land of the Shahdra Kroll Forest in Lahore, with wild and ornamental plants of 30 being planted. Minister, Malik Muhammad Asif Bha Awan speaking with med

Published 02 Feb, 2016 12:00am

Karandaaz Pakistan, OLP sign agreement

Karandaaz Pakistan and ORIX Leasing Pakistan Limited (OLP) signed a USD 40 Million Risk Participation Agreement through which OLP will provide asset finance for capital investment to small businesses operating in organised supply chains of the economy.

Published 02 Feb, 2016 12:00am

Drought in Thar sparks debate over children's deaths

A non-profit group has requested a legal probe into a wave of children's deaths in southern Pakistan, saying authorities should do more to protect residents from a long-running drought. "More than 100 children have died since the start of January" in Sind

Published 02 Feb, 2016 12:00am

Fitness Fiesta

Families thronged the Shaukat Khanum Memorial Cancer Hospital and Research Centre to participate the hospital's second annual family festival called "Fitness Fiesta" on Monday.

Published 02 Feb, 2016 12:00am

Exchange

Nimir Industrial Chemicals Limited

Nimir Industrial Chemicals Limited (PSX: NICL), is engaged in manufacturing and sale of industrial chemical products. Among the chemical industry in Pakistan, it is known as a pioneer in establishing Oleo chemicals business in the country. The Company fro

Published 02 Feb, 2016 12:00am

Exchange

Nimir Industrial Chemicals Limited

Published 02 Feb, 2016 12:00am

Khyber Food Festival inaugurated at PC Lahore

A food festival was inaugurated in PC Hotel on Monday where a large number of notables' politicians and well-reputed journalists attended the festival and highly admired the graceful effort of PC Hotel regarding the activity of Khyber Food Festival. GM PC

Published 02 Feb, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
France CAC40 / Dec 30	7,313.56
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.81 ▲ 0.51 (15.45%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	44.51 ▲ 4.05 (10.01%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)
Chakwal Spinning / Dec 31 Chakwal Spinning Mills Limited(CWSM)	64.67 ▲ 5.88 (10.00%)
Dadex Eternit / Dec 31 Dadex Eternit Limited(DADX)	70.52 ▲ 6.41 (10.00%)

Stock	Price
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Blue-Ex Ltd / Dec 31 Blue-Ex Limited (GEM)(GEMBLUEX)	43.36 ▼ -4.80 (-9.97%)
Karam Ceramics / Dec 31 Karam Ceramics Limited(KCL)	54.04 ▼ -5.46 (-9.18%)
Agriautos Ind. / Dec 31 Agriauto Industries Limited(AGIL)	108.72 ▼ -10.28 (-8.64%)
Supernet Ltd. / Dec 31 Supernet Limited (GEM)(GEMSPNL)	18.01 ▼ -1.54 (-7.88%)
Asia Ins. / Dec 31 Asia Insurance Company Limited(ASIC)	13 ▼ -0.99 (-7.08%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	175,670,947 ▲ 0.54
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.04
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.40
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.03
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	48,311,084 ▲ 0.86
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.16
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.60
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	35,994,917 ▲ 4.05
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	31,448,314 ▲ 1.00

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