News Archives for Print - 2016-03-09

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 09 Mar, 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 09 Mar, 2016 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 09 Mar, 2016 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 09 Mar, 2016 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 09 Mar, 2016 12:00am

Exchange

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,201 million. The number of lots traded was 18.79 million. PMEX Commodity Index closed at 2,688. Major business was contributed by gold amounting to PKR 4,305 million followed by cru

Published 09 Mar, 2016 12:00am

US FOB Gulf corn export premiums lower

Export premiums for corn shipped from the US Gulf Coast were lower on Monday, easing in tandem with falling CIF barge basis values on ample supplies and routine export demand, traders said. Spot CIF corn basis bids on Monday slid to 35 cents a bushel over

Published 09 Mar, 2016 12:00am

Exchange

CBOT wheat futures higher on short-covering

Wheat futures on the Chicago Board of Trade closed higher on Monday on short-covering and concerns about US weather, but the market pared gains by the close on profit-taking and hedge-related selling, traders said. CBOT May wheat settled up 2 cents at $4.

Published 09 Mar, 2016 12:00am

US Plains HRW wheat bids flat

Hard red winter wheat spot basis bids were near flat around the southern US Plains on Monday as rising futures enticed farmers to sell small amounts of both old- and new-crop supplies, dealers said. K.C. May HRW wheat jumped to a one-month high of $4.78 p

Published 09 Mar, 2016 12:00am

Vegetable Oil

European vegoils: palm oil prices up on stronger ringgit

Palm oil prices on the European vegetable oils market rose on Monday, powered by a rally in energy markets and a stronger ringgit, which makes palm oil more expensive for foreign buyers. "Business was overall calm as players eye the Price Outlook conferen

Published 09 Mar, 2016 12:00am

European wheat futures rise

European wheat futures rose on Monday in step with Chicago as worries about unfavourable weather for US wheat belts encouraged the market away from recent contract lows. News that Egypt had replaced an official at the centre of a dispute over import inspe

Published 09 Mar, 2016 12:00am

Activity at Karachi & Qasim ports

The Karachi Port handled 119,051 tonnes of cargo comprising 92,792 tonnes of import cargo and 27,159 tonnes of export cargo including 5,556 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 92,

Published 09 Mar, 2016 12:00am

Cotton

Oil cake market rates

March vaida gave back overnight weakness on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The March vaida closed at Rs 2050.00 and it commenced with Rs 2.20 gain at Rs 2052.20 in the early hours, they said.

Published 09 Mar, 2016 12:00am

Exchange

Cotton market: volume of business shows gains on fresh buying interest

A fresh buying interest helped the rates to maintain upward trend on the cotton market on Tuesday, dealers said. The official spot rate was unchanged at Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 1500-2700, and in Punjab prices at Rs

Published 09 Mar, 2016 12:00am

US Midwest corn, soyabean bids mostly lower

Corn and soyabean spot basis bids were mostly steady to lower around the US Midwest on Monday, pressured by a rally in the futures market that enticed farmers to boost sales, dealer said. Farmers and commercial elevators were relatively active sellers as

Published 09 Mar, 2016 12:00am

Cotton

Lean business on grain market

Slow business activity was witnessed on the wholesale grain market on Tuesday in the absence of leading buyers, dealers said. On the cereals side, Barley Sindh and Mardan lost Rs 200 to Rs 3500, other commodities held the overnight levels, they added. On

Published 09 Mar, 2016 12:00am

Cotton

Cotton rises on strength across commodities markets

Cotton futures rose to their highest in more than a week on Monday on broad strength across commodities markets, recovering after a speculator sell-off sent prices of the fibre to over 6-1/2-year lows last week. Commodity prices gained on Monday after a f

Published 09 Mar, 2016 12:00am

Exchange

Shanghai copper falls

Shanghai Futures Exchange copper fell around 1.2 percent to 37,750 yuan ($5,802) a tonne on Tuesday, but prices remained above the 200-day moving average, which offers support. Weak Chinese trade data damaged the outlook for metals and revived fears that

Published 09 Mar, 2016 12:00am

Exchange

Copper stumbles on China trade slump, nickel plunges

Copper prices tumbled on Tuesday, on course for their biggest daily loss in four months as disappointing trade numbers from top consumer China led funds to reverse their bets on higher prices. Benchmark copper on the London Metal Exchange closed down 2.6

Published 09 Mar, 2016 12:00am

Exchange

Rubber soars

Benchmark Tokyo rubber futures soared to a 6-1/2-month high on Monday, extending gains into a fifth straight session, as risk appetite grew after oil prices continued to recover and as fears over slowing growth in the Chinese economy eased, dealers said.

Published 09 Mar, 2016 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

Published 09 Mar, 2016 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

Published 09 Mar, 2016 12:00am

Short-covering supports corn and soya

US corn, soyabean and wheat futures rose for the fourth day in a row on Monday, supported by a round of short-covering after regulatory data released on Friday afternoon showed that speculators had built the biggest net short on record in all three commod

Published 09 Mar, 2016 12:00am

Vegetable Oil

Palm oil eases

Malaysian palm oil futures eased on Tuesday, following losses in soyoil, though the downside was restricted by a drop in the ringgit and hopes that top-producing countries will now use more tropical oil for biodiesel production. The palm oil contract for

Published 09 Mar, 2016 12:00am

Currency

Cocoa prices fall; sugar climbs

Cocoa futures weakened on Tuesday, falling below two-month highs as much-needed rain fell in top grower Ivory Coast, though many traders still expected a significant reduction in both the quality and quantity of this year's mid-crop. Raw sugar turned high

Published 09 Mar, 2016 12:00am

Gold rises in New York

Gold rose on Monday, hovering just below last week's 13-month high as the US dollar turned lower, while a fall in average US earnings lessened expectations the Federal Reserve could raise interest rates at its next policy meeting. Spot gold was up 0.6 per

Published 09 Mar, 2016 12:00am

Gold rises in Asia

Gold advanced to trade near a 13-month high on Tuesday, supported by a struggling dollar and hopes the US Federal Reserve will not raise interest rates as soon as next week's meeting. The non-interest yielding metal could test $1,300 an ounce, more than 2

Published 09 Mar, 2016 12:00am

Exchange

Gold hovers below 13-month high in Europe

Gold hovered just below a 13-month high on Tuesday, supported by a weaker dollar and lower global shares after Chinese trade data fuelled concerns about the state of global demand. China's February exports slumped 25.4 percent from a year earlier while im

Published 09 Mar, 2016 12:00am

Agroconsult raises Brazil soya forecast

Brazilian analyst Agroconsult revised up its estimate for the country's 2015/16 soya crop after field checks revealed that unfavorable weather had not damaged the crop as much as expected. The consultancy said Brazil's 2015/16 soya crop should reach 101.6

Published 09 Mar, 2016 12:00am

SoftBank announces reorganisation to boost investor confidence

Japan's Softbank Group Corp plans to separate its domestic and overseas businesses and give them their own chief executives in its latest move to bolster shareholder value after a record $4.4 billion share buyback plan a month ago. The overseas division o

Published 09 Mar, 2016 12:00am

Spain industrial output slows expansion in January

Spanish industrial output eased in January from a month earlier and expanded at its slowest pace since August, official data showed on Tuesday, as global economic uncertainties and tumbling oil prices weighed on growth. Spain's calendar-adjusted industria

Published 09 Mar, 2016 12:00am

Exchange

Sri Lanka to get $1.5 billion IMF loan to avert balance of payments woes

Sri Lanka will receive a loan of $1.5 billion from the International Monetary Fund (IMF) to boost foreign exchange reserves and avert a balance of payments problem, a government minister said on Monday. Sri Lanka's finances are under scrutiny after rating

Published 09 Mar, 2016 12:00am

Canada housing starts jump

Canadian housing starts jumped in February from January as hot Ontario and British Columbia markets outpaced the energy-producing West, where a crude slump has hit confidence, the national housing agency said on Tuesday. A report from the Canadian Mortgag

Published 09 Mar, 2016 12:00am

Kenya must support key sectors of economy, save more: World Bank

Kenya should pay more attention to its key economic sectors and take steps to raise its savings rate to boost the quality of its economic growth, the World Bank said on Tuesday. The East African nation's government expects the economy to grow about 6 perc

Published 09 Mar, 2016 12:00am

Irish consumer sentiment falls back from 15-year high in February

Irish consumer sentiment fell back from a 15-year high, a survey showed on Tuesday, as respondents lowered expectations as to how much a robust economy recovery would improve their personal finances. The KBC Bank Ireland/ESRI Consumer Sentiment Index drop

Published 09 Mar, 2016 12:00am

J.P Morgan to avoid financing coal projects

Wall Street banking giant J.P. Morgan Chase said Monday that it would avoid financing new coal projects in advanced economies due to their contribution to global warming. The bank's official Environmental and Social Policy Framework drew a line against su

Published 09 Mar, 2016 12:00am

German industrial output rises at fastest pace in six years in January

German industrial output rose in January at its fastest pace in more than six years, showing that the engine room of Europe's largest economy began 2016 well despite the financial market turmoil that has hurt business sentiment. Output rose by 3.3 percent

Published 09 Mar, 2016 12:00am

New operational risk rules put some banks under pressure

Stricter rules on how banks calculate the amount of capital they need to cover risks from fines or other parts of their operations are likely to see some banks need to bolster their balance sheets. The Basel Committee of global regulators on Friday set ou

Published 09 Mar, 2016 12:00am

Italy, France, Portugal have excessive economic imbalances: Commission

The European Commission warned on Tuesday five EU states, including Italy and France, that they had excessive economic imbalances which weigh on their growth and need to be corrected. The EU executive is in charge of monitoring public finances in the 28-n

Published 09 Mar, 2016 12:00am

Equipment, building investment boost eurozone growth

Investment in equipment and buildings was the key driver of growth in the eurozone in the final three months of 2015, helping to offset a second consecutive negative contribution from trade. Eurostat confirmed on Tuesday its earlier estimate that the econ

Published 09 Mar, 2016 12:00am

China February exports post worst fall since May 2009

China's February trade performance was far worse than economists had expected, with exports tumbling the most in over six years, days after top leaders sought to reassure investors that the outlook for the world's second-largest economy remains solid. Exp

Published 09 Mar, 2016 12:00am

South Africa says drought cost farmers $1 billion

South Africa's agriculture sector lost a billion dollars over the past year due to the worst drought in a century, the government announced on Tuesday. Poor rain saw the agriculture sector contract by 14 percent, according to the latest figures from Stats

Published 09 Mar, 2016 12:00am

Sri Lanka raises taxes as debt crisis bites

Sri Lanka's government Tuesday announced a slew of emergency tax increases to help combat a debt crisis that has forced it to seek a bailout from the International Monetary Fund. Prime Minister Ranil Wickremesinghe said the government would raise value ad

Published 09 Mar, 2016 12:00am

Japan's Q4 GDP shrinks less than expected, consumer mood sours

Japan's economy contracted less than initially estimated in the final quarter of 2015 but private consumption remained weak, underscoring the challenges facing premier Shinzo Abe in restoring growth amid intensifying overseas headwinds. While many analyst

Published 09 Mar, 2016 12:00am

VW's labour chief says big US fines will hit workers' jobs

Volkswagen may have to cut jobs in the United States as well as Europe and other countries depending on how big a fine has to be paid for its manipulation of diesel emissions tests, the carmaker's top labour official told a meeting of 20,000 workers at it

Published 09 Mar, 2016 12:00am

Exchange

BoE warns of Brexit risks, angering eurosceptics

Bank of England Governor Mark Carney said on Tuesday a vote by Britain to leave the European Union could hit the country's $2.9 trillion economy and prompt some banks to move away from London's global financial powerhouse. In his strongest intervention so

Published 09 Mar, 2016 12:00am

Currency

Gulf markets rise with oil over $40; foreigners buy in Egypt

Most stock markets in the Gulf rose on Tuesday after oil prices firmed above $40 a barrel, while Egypt climbed as foreign investors accumulated shares. While many regional fund managers believe Gulf stock markets could still be pressured this year by furt

Published 09 Mar, 2016 12:00am

Indian shares end flat

Indian shares closed flat on Tuesday after four consecutive days of gains with banking shares such as State Bank of India down on profit-taking while Asian markets fell ahead of major central bank meetings. The benchmark NSE index ended flat at 7,485.30,

Published 09 Mar, 2016 12:00am

Tuesday's early trade: stocks fall on weak China data, lower oil

Wall Street was lower on Tuesday as oil prices tumbled and weak Chinese data rekindled fears of a global economic slowdown led by the world's second-biggest economy. China's February trade performance was far worse than economists had expected, with expor

Published 09 Mar, 2016 12:00am

Exchange

S&P ticks above 2,000 as energy offsets tech slide

The Dow Jones industrial average and the S&P 500 index closed higher on Monday as a spike in energy shares offset sharp declines in large-cap technology names, which dragged down the Nasdaq. Crude prices, which have largely dictated the direction of the s

Published 09 Mar, 2016 12:00am

US bond prices fall

US Treasury prices fell on Monday in volatile trading as oil prices surged in the wake of a strong February US jobs report, reducing demand for safe-haven government debt ahead of a European Central Bank meeting later in the week. Momentum from Friday's e

Published 09 Mar, 2016 12:00am

US bond prices fall

Published 09 Mar, 2016 12:00am

Exchange

Tokyo shares drop on stronger yen, China economy worries

Tokyo shares fell Tuesday as a stronger yen hit exporters, while a slump in China's exports reignited worries about a slowdown in the world's second-largest economy. China's exports saw their heaviest fall in nearly seven years in February, raising fears

Published 09 Mar, 2016 12:00am

Hong Kong shares fall

Hong Kong shares were soft on Tuesday, as the mood of many Asia investors turned cautious in the wake of a month-long rally. The Hang Seng index fell 0.7 percent, to 20,011.58, while the China Enterprises Index lost 1.4 percent, to 8505.22 points. Hang Se

Published 09 Mar, 2016 12:00am

Exchange

China stocks reverse hefty losses

China stocks reversed losses and rose for a sixth straight session on Tuesday, as a sharp course-change for start-up board ChiNext and a late rally in banking stocks pulled main indexes out of negative territory in the last few minutes of trading. Both th

Published 09 Mar, 2016 12:00am

European shares slip after weak China data hits miners

European shares slipped to a one-week low on Tuesday, after poor trade data from China, the world's top metals consumer, put pressure on industrial metals prices and the mining sector. China's February trade performance was far weaker than economists had

Published 09 Mar, 2016 12:00am

Sri Lankan shares slump to near two-year low

Sri Lankan shares fell more than 2 percent on Tuesday, marking their lowest close in nearly two years as the government reintroduced capital gains tax and raised value added tax (VAT) as part of its efforts to qualify for an IMF loan. Sri Lanka will raise

Published 09 Mar, 2016 12:00am

Australian shares fall, New Zealand hits another record

Australian shares ended a week-long winning streak and fell on Tuesday as investors took profits on banks and miners, while New Zealand shares rose to a new record. The S&P/ASX 200 index fell 34.8 points, or 0.7 percent, to 5,108.0 at the close of trade,

Published 09 Mar, 2016 12:00am

Exchange

Most Southeast Asian stocks fall

Most Southeast Asian stock markets fell on Tuesday as weak February trade data from China triggered selling in Asia, sending recent outperformers such as Singapore and Thai stocks more than 1 percent lower. Singapore's Straits Times Index slipped 1.6 perc

Published 09 Mar, 2016 12:00am

FTSE falters as Chinese export data hit mining shares

Britain's top stock market index fell on Tuesday as big mining companies came under pressure after a report showed exports had fallen in China, the world's biggest consumer of metals. The FTSE 100 index was down 0.9 percent at 6,125.44 points by its close

Published 09 Mar, 2016 12:00am

Currency

Sri Lankan rupee forwards down

Sri Lankan rupee forwards ended weaker on Tuesday on importer dollar demand and growing policy uncertainty after the government said it would impose fresh taxes in a move that would enable the country to qualify for an IMF loan. Sri Lanka will raise value

Published 09 Mar, 2016 12:00am

Exchange

Yen shines against dollar, euro in Asia

The perennial safe-haven yen logged solid gains against the dollar and euro in Asian trade on Tuesday as risk appetites waned, and downbeat Chinese trade data fuelled concerns about the state of global demand. China's February exports disappointed analyst

Published 09 Mar, 2016 12:00am

Currency

Yen and Swiss franc advance in Europe

The safe-haven yen and Swiss franc rose on Tuesday as downbeat Chinese trade data fuelled concerns about the state of global demand, weighing on appetite for riskier assets and currencies. China's February exports slumped 25.4 percent from a year earlier

Published 09 Mar, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Cotton US¢/pound / Dec 4	71.11
Petrol/Litre / Dec 5	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	68.40 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	150.94 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▼ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▲ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	68.40 ▲ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	150.94 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▲ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	246,707,903 ▲ 0.00
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	89,419,070 ▲ 0.00
Hascol Petrol / Dec 5 Hascol Petroleum Limited(HASCOL)	87,024,698 ▲ 0.00
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	67,806,935 ▲ 0.00
Sui South Gas / Dec 5 Sui Southern Gas Company Limited(SSGC)	61,811,720 ▲ 0.00
Power Cement / Dec 5 Power Cement Limited(POWER)	58,501,362 ▲ 0.00
K-Electric Ltd. / Dec 5 K-Electric Limited(KEL)	56,938,645 ▲ 0.00
Pak Int.Bulk / Dec 5 Pakistan International Bulk Terminal(PIBTL)	56,115,997 ▲ 0.00
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	55,870,990 ▲ 0.00

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