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Feb 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-03-01
Yuan eases on midpoint
Exchange

Yuan eases on midpoint

China's yuan edged down against the dollar on Monday as the central bank fixed a softer midpoint but continued to intervene to control the pace of currency's depreciation, traders said. "Dollar buying was quite intense this morning, but the yuan's value h
Published 01 Mar, 2016 12:00am
Brexit concerns keep sterling near seven-year low
Exchange

Brexit concerns keep sterling near seven-year low

Sterling hovered near a seven-year low against the dollar on Monday, hurt by worries about a possible British exit from the European Union, which one leading currency trader said could drag the pound to hit parity against the euro. UBS said there was a 40
Published 01 Mar, 2016 12:00am
Sri Lankan rupee forwards fall
Currency

Sri Lankan rupee forwards fall

Sri Lankan rupee forwards ended slightly weaker on Monday on importer dollar demand, and dealers said the currency will continue to be under pressure due to seasonal importer demand and after a rating downgrade by Fitch. Fitch Ratings downgraded Sri Lanka
Published 01 Mar, 2016 12:00am
Indian rupee rallies

Indian rupee rallies

Indian bonds and the rupee rallied on Monday after Finance Minister Arun Jaitley said the government would stick to its fiscal deficit target for 2016/17, raising expectations the country's central bank may cut interest rates before its next policy review
Published 01 Mar, 2016 12:00am
Asian forex: won hits 5-1/2-year low
Currency

Asian forex: won hits 5-1/2-year low

The South Korean won hit a 5-1/2-year low and other Asian currencies mostly eased against the dollar on Monday, after upbeat US economic data helped revive expectations for the Federal Reserve to raise interest rates later this year. Analysts said a weeke
Published 01 Mar, 2016 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 78.45-78.45 (previous 78.45-78.45). 02.50-04.50 percent (* previous 02.25-04.50 percent) (* revised).
Published 01 Mar, 2016 12:00am
Euro sinks against dollar, yen in Europe
Currency

Euro sinks against dollar, yen in Europe

The euro sank half a percent against the dollar and some 1.3 percent against the yen on Monday after a shockingly low flash first official estimate of inflation showed consumer prices in Europe were falling again. China's cut in the required reserve rate
Published 01 Mar, 2016 12:00am
Early trade in New York: yen rises broadly
Exchange

Early trade in New York: yen rises broadly

The yen rose broadly on Monday as investors sought its safety following a statement from the Group of 20 countries that offered no concrete action to address concerns about slow growth and low inflation. The Japanese currency has fully retraced Friday's d
Published 01 Mar, 2016 12:00am
Yen rebounds against dollar in Asia
Currency

Yen rebounds against dollar in Asia

The yen rebounded sharply against the dollar on Monday, retracing its earlier fall on upbeat US data, as a slide in equities put the "flight to safety" Japanese currency in favour. The reaction of currencies to the G20 policymakers' meeting at the weekend
Published 01 Mar, 2016 12:00am
Kiwi falls, Aussie struggles
Currency

Kiwi falls, Aussie struggles

The New Zealand dollar fell on Monday on mounting expectations of an interest rate cut by the Reserve Bank of New Zealand (RBNZ), dragging the Australian dollar a touch lower. The New Zealand dollar dropped 0.8 percent to $0.6581 after soft economic data
Published 01 Mar, 2016 12:00am
FTSE recovers as China measures boost miners

FTSE recovers as China measures boost miners

Britain's top share index closed in marginally positive territory on Monday, as a rally in mining stocks following new stimulus measures from China - the world's top metals consumer - lent support to the market. Supermarket retailer WM Morrison, which is
Published 01 Mar, 2016 12:00am
Indian stocks end lower

Indian stocks end lower

Indian shares fell on Monday in a volatile session, with energy companies such as Oil and Natural Gas Corp slumping after the government unveiled a higher-than-expected tax in its budget for 2016/17, offsetting hopes for rate cuts that had lifted bonds an
Published 01 Mar, 2016 12:00am
Australian stocks flat

Australian stocks flat

Australian shares were little changed on Monday, ending less than one point firmer, with major miners BHP Billiton and Rio Tinto showing only slight movement. The S&P/ASX 200 index closed 0.942 points higher at 4,880.90. It rose 0.1 percent on Friday. The
Published 01 Mar, 2016 12:00am
European shares up as China move offsets G20 disappointment

European shares up as China move offsets G20 disappointment

European shares fell on Monday but were off earlier lows as a decision by China to resume its easing cycle partly offset disappointment over the G20 meeting failing to agree new measures to boost growth. The pan-European FTSEurofirst 300 index ended up 0.
Published 01 Mar, 2016 12:00am
China stocks slide, property price surge sparks asset rotation worries

China stocks slide, property price surge sparks asset rotation worries

China stocks closed at their lowest levels in a month on Monday as growth stock earnings disappointed and investors brushed off optimistic statements from China's policymakers at the weekend's G20 summit of global financial leaders. And while a rapid surg
Published 01 Mar, 2016 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong shares fell more than 1 percent on Monday, with sentiment soured by a tumble in mainland stocks. The Hang Seng Index dropped 1.3 percent, to 19,111.93, while the China Enterprises Index lost 1.5 percent, to 7,916.34 points. China stocks slumped
Published 01 Mar, 2016 12:00am
Tokyo stocks fall, Nissan surges on buyback
Currency

Tokyo stocks fall, Nissan surges on buyback

Tokyo shares gave up early gains to close lower Monday as a stronger yen dented exporters, but Nissan surged on news it will buy back billions of dollars worth of its stock. Japan's number two automaker soared as much as 12 percent in opening trade, the b
Published 01 Mar, 2016 12:00am
Most Southeast Asian stocks fall
Exchange

Most Southeast Asian stocks fall

Most Southeast Asian stock markets fell on Monday after a raft of monthly economic data and weak sentiment in Asia, with Thai stocks snapping a six-day winning streak after January data pointed to a fall in consumption and factory output. The key SET inde
Published 01 Mar, 2016 12:00am
Middle East markets mixed; Saudi index stalls at chart barrier
Exchange

Middle East markets mixed; Saudi index stalls at chart barrier

Stock markets in the Middle East ended mixed on Monday as local traders chased after small and mid-cap stocks in the United Arab Emirates, while Saudi Arabia, Egypt and Qatar gave up early gains as investors booked profits. Riyadh's index initially rose a
Published 01 Mar, 2016 12:00am
Nigeria sacks thousands of ghost workers, saving millions

Nigeria sacks thousands of ghost workers, saving millions

Nigeria's finance ministry said Sunday that it had saved millions of dollars for the cash-strapped government by removing more than 20,000 "ghost workers" from the state payroll. The eliminated ghost workers represented just a "percentage" of "non-existen
Published 01 Mar, 2016 12:00am
Tanzania awards coal mine contract to UK firm

Tanzania awards coal mine contract to UK firm

Tanzania has awarded a coal mining license to a London-listed Edenville Energy Plc , which plans to invest $176 million in a mine and a coal-fired power plant, the country's energy and minerals ministry said on Monday. The British-headquartered coal and u
Published 01 Mar, 2016 12:00am
India pledges billions for farmers in 'populist' budget
Exchange

India pledges billions for farmers in 'populist' budget

India's government promised billions of dollars to help struggling farmers and boost the rural economy as it unveiled its annual budget on Monday, looking to kick-start growth and bolster its flagging popularity. India is now the world's fastest-growing m
Published 01 Mar, 2016 12:00am
India imposes gold sales tax on top of record import duty

India imposes gold sales tax on top of record import duty

India has reintroduced a local sales tax on gold jewellery after a gap of four years, on top of record import duty, in a move officials hope will dampen demand for the precious metal in the world's second biggest consumer. Successive governments in Asia's
Published 01 Mar, 2016 12:00am
India imposes gold sales tax on top of record import duty

India imposes gold sales tax on top of record import duty

India has reintroduced a local sales tax on gold jewellery after a gap of four years, on top of record import duty, in a move officials hope will dampen demand for the precious metal in the world's second biggest consumer. Successive governments in Asia's
Published 01 Mar, 2016 12:00am
Malaysia's Petronas posts $1.1 billion net loss in Q4

Malaysia's Petronas posts $1.1 billion net loss in Q4

Malaysian state energy firm Petronas Monday reported a fourth-quarter net loss of 4.69 billion ringgit ($1.1 billion) due to plunging oil prices, and announced spending cuts worth billions of dollars over the next four years. President and chief executive
Published 01 Mar, 2016 12:00am
Malaysia's Petronas posts $1.1 billion net loss in Q4

Malaysia's Petronas posts $1.1 billion net loss in Q4

Malaysian state energy firm Petronas Monday reported a fourth-quarter net loss of 4.69 billion ringgit ($1.1 billion) due to plunging oil prices, and announced spending cuts worth billions of dollars over the next four years. President and chief executive
Published 01 Mar, 2016 12:00am
Fitch downgrades Sri Lanka's credit rating in fresh blow
Exchange

Fitch downgrades Sri Lanka's credit rating in fresh blow

Fitch Ratings on Monday cut Sri Lanka's credit rating by one notch to B+ with a negative outlook, weeks after it asked for a bailout from the International Monetary Fund. The ratings agency said the island's mounting debt, depleted foreign exchange reserv
Published 01 Mar, 2016 12:00am
Cyprus tourism records best year since 2001

Cyprus tourism records best year since 2001

Bailed-out Cyprus recorded a 4.4 percent hike in key tourism revenue in 2015, the sector's best earnings since 2001, official data showed Monday. Total tourism income on the Mediterranean holiday island reached 2.11 billion euros ($2.29 billion) last year
Published 01 Mar, 2016 12:00am
US pending home sales hit one-year low; manufacturing data weak

US pending home sales hit one-year low; manufacturing data weak

Contracts to buy previously owned US homes fell to their lowest level in a year in January amid a persistent shortage of properties for sale, which could slow the housing market ahead of the spring selling season. Other reports on Monday showed factory ac
Published 01 Mar, 2016 12:00am
Tribune Media eyes 'range' of strategic options

Tribune Media eyes 'range' of strategic options

Tribune Media, the entertainment group created from the break-up of the Tribune Co conglomerate, said Monday it is looking at a "full range" of options, including asset sales, to boost its value.
Published 01 Mar, 2016 12:00am
France can ride out global growth concerns

France can ride out global growth concerns

French Finance Minister Michel Sapin said Monday he was confident his country can ride out global growth concerns and hit Paris' target of a 1.5 percent rise in 2016. "France is less concerned by the global slowdown" than many other countries, as it is co
Published 01 Mar, 2016 12:00am
Eurozone inflation fall heightens pressure on ECB
Currency

Eurozone inflation fall heightens pressure on ECB

Eurozone inflation in February plunged sharply back into negative territory, data showed on Monday, in the clearest sign yet that several rounds of stimulus measures by the European Central Bank are not working. The ECB is under huge pressure to revive pr
Published 01 Mar, 2016 12:00am
Asian gold demand stays tepid

Asian gold demand stays tepid

Gold demand in Asia remained subdued last week as buyers were sceptical about the sustainability of the recent price rally, with the Indian market falling to record discounts as consumers postponed purchases in expectation of a cut in the import tax. Asia
Published 01 Mar, 2016 12:00am
Gold gains in Europe
Exchange

Gold gains in Europe

Gold rose by nearly 1 percent on Monday, boosted by lower shares and a softer dollar, leaving the metal well placed to log its best monthly performance in four years as turmoil in wider markets increased its safe-haven appeal. Spot gold rose to a session
Published 01 Mar, 2016 12:00am
Gold rises in Asia
Exchange

Gold rises in Asia

Gold edged up on Monday and looked set to log its best monthly performance in four years, bolstered as turmoil in stock markets drove safe-haven demand. Bullion has rallied about 15 percent this year as investors have sought safety in the metal as concern
Published 01 Mar, 2016 12:00am
Raw sugar soars ahead of expiry, London options lift cocoa
Currency

Raw sugar soars ahead of expiry, London options lift cocoa

Raw sugar prices on ICE surged in a late-day rally on technical buy signals on Monday, with the spot contract jumping to a five-week high as the market focused on expectations for a modest delivery against the expiring contract. Cocoa prices rallied as sp
Published 01 Mar, 2016 12:00am
Rubber down
Exchange

Rubber down

Benchmark Tokyo rubber futures edged lower on Friday, shedding earlier gains after the yen strengthened against the dollar, while a sharp fall in Chinese equities also weighed on sentiment, dealers said. The Tokyo Commodity Exchange rubber contract for Au
Published 01 Mar, 2016 12:00am
Oil up on Saudi Arabia support, China; poll shows less Opec output

Oil up on Saudi Arabia support, China; poll shows less Opec output

Oil prices jumped three percent on Monday after China moved to boost its slowing economy and Saudi Arabia pledged to work with other crude producers to limit market volatility, developments that fed hopes the oil selloff would end. A Reuters survey also i
Published 01 Mar, 2016 12:00am
Aluminium hits 4-1/2 month high, copper trims losses
Exchange

Aluminium hits 4-1/2 month high, copper trims losses

Aluminium hit a 4-1/2 month high and copper trimmed losses on Monday after top metals consumer China cut its reserve ratio for banks in an effort to revive flagging growth. Investors welcomed the move by China's central bank to reduce the amount of cash t
Published 01 Mar, 2016 12:00am
Shanghai copper up
Exchange

Shanghai copper up

Shanghai Futures Exchange copper pared overnight gains to close up 0.1 percent at 35,840 yuan ($5,474.35) a tonne on Monday as sagging China equities eroded a fragile calm that stemmed from steadying oil prices and a brightening economic picture from the
Published 01 Mar, 2016 12:00am
Blommer sees 2015-16 world cocoa deficit, rising demand

Blommer sees 2015-16 world cocoa deficit, rising demand

Blommer Chocolate Co, North America's largest cocoa processor, expects the world market to see a supply deficit of 128,000 tonnes in 2015/16 on lower output in West Africa and a slight increase in demand after last year's grind disappointing. There is a r
Published 01 Mar, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 312,131 tonnes of cargo comprising 242,324 tonnes of import cargo and 69,807 tonnes of export cargo including 6,777 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 242
Published 01 Mar, 2016 12:00am
Indian soyabeans rise
Vegetable Oil

Indian soyabeans rise

Indian soyabeans rose for the second straight session on Friday after the country's top producing state proposed to abolish a tax on oilmeal. The March soyabean contract on the National Commodity & Derivatives Exchange ended 0.73 percent up at 3,716 rupee
Published 01 Mar, 2016 12:00am
US Midwest corn and soya bids unchanged

US Midwest corn and soya bids unchanged

Corn and soyabean spot basis bids were largely unchanged at processors and elevators around the US Midwest on Friday, with mixed bids at a river terminal, dealers said. Farmers were not selling much on Friday afternoon, but they were calling asking about
Published 01 Mar, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,006 million. The number of lots traded was 17.77 million. PMEX Commodity Index closed at 2,618. Major business was contributed by gold amounting to PKR 4,048 million followed by cru
Published 01 Mar, 2016 12:00am
US FOB Gulf corn premiums hold steady on ample supplies

US FOB Gulf corn premiums hold steady on ample supplies

Export premiums for corn shipped from the US Gulf Coast held mostly steady on Friday after easing earlier in the week as exporters had ample supplies on hand while demand remained moderate, traders said. Spot CIF corn basis bids, which fell to a one-month
Published 01 Mar, 2016 12:00am
Canadian canola futures slip

Canadian canola futures slip

ICE Canadian canola futures slipped on Friday, adding to a 4 percent weekly loss due to concerns about Chinese demand and technical selling. The weekly loss for the nearby contract is canola's biggest since September. Canola has been pressured by concerns
Published 01 Mar, 2016 12:00am
Lean business on grain market
Cotton

Lean business on grain market

A sluggish business activity was witnessed on the wholesale grain market on Monday in the process of trading, dealers said. On the grams side, yellow peas Russia was lower by Rs 125 Rs 4275, other commodities did not show any visible change on less buying
Published 01 Mar, 2016 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh dropped nearly 6 percent at a weekly auction on Tuesday, falling for a fourth straight session, dragged down by inferior quality leaf near the end of the season. Bangladeshi tea fetched an average 151.24 taka ($2) per kg at the 41
Published 01 Mar, 2016 12:00am
CBOT wheat futures down 4 percent in week

CBOT wheat futures down 4 percent in week

Wheat futures on the Chicago Board of Trade fell on Friday for the sixth time in seven sessions and closed the week down 4 percent, pressured by ample global supplies, traders said. CBOT March wheat settled down 2 cents at $4.43-1/4 per bushel, near a 5-1
Published 01 Mar, 2016 12:00am
HRW wheat bids largely unchanged

HRW wheat bids largely unchanged

Spot cash basis bids for hard red winter (HRW) wheat were largely unchanged to firm in the southern US Plains on Friday, traders said. Dealers were expecting warm weather throughout the US Plains over the weekend, but farmers are concerned about frost dam
Published 01 Mar, 2016 12:00am
Cotton market: prices drift lower on falling interest
Cotton

Cotton market: prices drift lower on falling interest

An easier trend prevailed on the cotton market on Monday following the lack of less buying interest by spinners and mills, dealers said. The official spot rate was down by Rs 50 to Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 1500-2700,
Published 01 Mar, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The March vaida managed to recover it's losses on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The March Vaida closed on Saturday at Rs 2051.00 and it commenced with 90 paisa appreciation at Rs 2051.90 in the e
Published 01 Mar, 2016 12:00am
EU wheat futures stuck near contract lows
Exchange

EU wheat futures stuck near contract lows

European wheat futures were mired near recent contract lows on Friday, as a rebound in Chicago petered out and concern about high stocks curbed enthusiasm about an upturn in export demand. But German cash premiums were stronger on hopes a large tender bei
Published 01 Mar, 2016 12:00am
China to cut domestic corn price to fight imports
Exchange

China to cut domestic corn price to fight imports

China will unveil its state corn price policy as early as next month to make domestic prices low enough to keep imports outside the country, a senior government official said over the weekend. Chen Xiwen, deputy director with the Communist Party's Central
Published 01 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Mar, 2016 12:00am
State Bank of Pakistan conversion rates
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 01 Mar, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
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 01 Mar, 2016 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (February 29, 2016).

Published 01 Mar, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (February 29, 2016).
Published 01 Mar, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (February 29, 2016).

Published 01 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (February 29, 2016).

Published 01 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (February 29, 2016).

Published 01 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (February 29, 2016).

Published 01 Mar, 2016 12:00am
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