News Archives for Print - 2016-09-25

The Weather

The weather report on Saturday (September 24, 2016) and the forecast for Sunday (September 18, 2016).

Published 25 Sep, 2016 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (September 24, 2016)

Published 25 Sep, 2016 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Currency

The rupee slid against the dollar on the money market on Saturday as the national currency continued decline in the process of trading, dealers said. The rupee lost 10 paisas in relation to the dollar for buying and selling at Rs 105.20 and Rs 105.40 resp

Published 25 Sep, 2016 12:00am

Currency

THE RUPEE: falling trend

The rupee slid against the dollar on the money market on Saturday as the national currency continued decline in the process of trading, dealers said. The rupee lost 10 paisas in relation to the dollar for buying and selling at Rs 105.20 and Rs 105.40 resp

Published 25 Sep, 2016 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 (September 24, 2016).

Published 25 Sep, 2016 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (September 24, 2016).

Published 25 Sep, 2016 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 Sep, 2016 12:00am

US Midwest corn bids jump

Corn spot basis bids gained by 4 cents per bushel along the Mississippi and Illinois rivers on Thursday, boosted by recent higher basis values in the CIF barge market and as rising river levels may soon slow barge shipments, grain merchants said. Heavy ra

Published 25 Sep, 2016 12:00am

Bangladesh tea prices edge up

Tea prices in Bangladesh edged up at the post-Eid holiday auction on Tuesday on strong demand for all varieties despite this season's highest volume on offer. Bangladesh tea fetched an average of 231.69 taka ($2.80) per kg at the weekly auction, the 20th

Published 25 Sep, 2016 12:00am

Coffee trade improves in Vietnam, stable in Indonesia

Coffee trading in Vietnam, the world's top robusta producer, picked up pace this week while prices gained in Indonesia where demand and supply have been stable since the end of the harvest, traders said on Thursday. November robusta coffee LRCc2 settled u

Published 25 Sep, 2016 12:00am

Vietnam's rice prices fall to one-year low

Rice prices in Vietnam fell this week to their lowest in nearly a year as buyers were absent, while fresh supply expected in Thailand in October could weigh on currently steady prices, traders said on Wednesday. The indicative prices of Vietnam's 5 percen

Published 25 Sep, 2016 12:00am

Europe gasoline cracks fall as US pipeline restarts

Benchmark gasoline refining margins in northwest Europe slipped on Thursday as the key Colonial pipeline in the United States restarted, potentially lessening the need for European imports to the US East Coast. Colonial Pipeline Co said its main gasoline

Published 25 Sep, 2016 12:00am

Chinese iron ore up over five percent as steel mills boost output

Chinese steelmaking raw materials futures surged on Thursday as the country's mills are replenishing stockpiles amid a surge in production and some investors bought futures to close out bets that prices would fall. The most-traded iron ore futures on the

Published 25 Sep, 2016 12:00am

US natural gas futures fall over two percent

US natural gas futures fell over 2 percent on Thursday despite news that utilities' storage build met expectations for the latest week. The US Energy Information Administration said utilities added 52 billion cubic feet of gas into storage during the week

Published 25 Sep, 2016 12:00am

Cotton

Cotton market: prices fall in line with global track

Prices came down on the cotton market on Saturday in line with international trend, dealers said. The official spot rate was lower by Rs 100 to Rs 6150, dealers said. In Sindh, seed cotton prices were down at Rs 3000-32500 and in Punjab rates of Phutti we

Published 25 Sep, 2016 12:00am

India buys around 76,000 tonnes of Ukrainian wheat

Indian importers have purchased around 76,000 tonnes of Ukrainian-origin wheat in the past couple of weeks as India increases its wheat imports after a poor crop, European traders said on Tuesday. One shipment of around 51,000 tonnes was purchased for Sep

Published 25 Sep, 2016 12:00am

Freight rates for large capesize dry cargo hit highest in a year

Freight rates for large capesize dry cargo shippers on key Asian routes, which hit the highest in about a year on Wednesday, are set to climb ahead of China's week-long National Day holiday that starts late next week, ship brokers said on Thursday.

Published 25 Sep, 2016 12:00am

Asia's naphtha cracks rise to four-month high

Asia's naphtha cracks extended gains to reach a nearly four-month high of $60.93 a tonne while the intermonth spreads flipped to a premium or backwardation for the first time since April 27 on demand and expectations of lower supplies. When fundamentals a

Published 25 Sep, 2016 12:00am

Currency

European coal futures touch highest level since mid-August

European coal futures hit their highest level since the middle of August on Thursday due to a softer dollar and in line with price rises in other European energy markets, while physical prices also rose due to disruptions in Australia. In the futures mark

Published 25 Sep, 2016 12:00am

US FOB Gulf soyabean offers steady on good demand

Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady on Thursday, underpinned by tight spot supplies and good demand for near term shipments, traders said. Top soya importer China is filling its October and November shipping nee

Published 25 Sep, 2016 12:00am

Brazilian sugar mills buying machine to improve efficiency

Brazilian sugar cane mills are increasing purchases of machinery in an effort to improve efficiency in the field as the robust demand outlook for the sweetener encourages companies to boost investments. Makers of cane harvesters such as John Deere and AGC

Published 25 Sep, 2016 12:00am

China slaps anti-dumping duties on US animal feed ingredient

China on Friday slapped anti-dumping duties on a US animal feed ingredient known as distillers' dried grains (DDGS) amid an intensifying spat between the world's two largest economies over agricultural trade which totaled over $20 billion last year. Beiji

Published 25 Sep, 2016 12:00am

Grab expands self-driving car trial in Singapore

Southeast Asia's leading ride-hailing firm Grab on Friday teamed up with a US-based software developer to run a limited public trial of a self-driving car service in Singapore. Applications for free rides on the "robo-cars" opened on Friday, with the serv

Published 25 Sep, 2016 12:00am

Twitter initiates talks with tech companies over sale

Twitter Inc has initiated talks with several technology companies to explore selling itself, a person familiar with the matter said on Friday, signalling the start of what is likely to be a slow-rolling auction of the high-profile but money-losing social

Published 25 Sep, 2016 12:00am

Taiwan's summer slump as Chinese visitors stay away

Taiwan's tourism sector suffered the worst summer in 13 years due to a slump in Chinese visitors, officials said Friday, as ties with Beijing deteriorate. It was the island's weakest August performance since an outbreak of the killer respiratory disease S

Published 25 Sep, 2016 12:00am

Target shakes up online leadership with eye on rivals

Target Corp said on Friday its chief digital officer has left the company amid a company overhaul of its e-commerce operations to boost online sales and better compete with larger rivals such as Amazon.com Inc. Target said Jason Goldberger, who had been w

Published 25 Sep, 2016 12:00am

Wells Fargo hires law firm to advise on executive pay

Wells Fargo & Co's board hired law firm Shearman & Sterling LLP to advise on executive compensation and potential clawbacks, the Wall Street Journal reported, citing people familiar with the matter. Robert Mundheim, a lawyer at the firm, is advising the b

Published 25 Sep, 2016 12:00am

JBS says Brazil beef exports to US competitive despite tax

Brazilian fresh beef exports to the United States will be competitive even if subject to a 26.4 percent duty when shipped outside of a tax-free quota, Miguel Gularte, the head of JBS Mercosur, said on Friday. The official, who is in charge of meatpacker J

Published 25 Sep, 2016 12:00am

Currency

Argentina's economy shrinks for third straight quarter

Argentina said on Thursday the economy shrank 2.1 percent in the second quarter from the first quarter of 2016, as the country remained mired in recession during the first year of President Mauricio Macri's administration. Compared with the same quarter o

Published 25 Sep, 2016 12:00am

Sony Pictures and China's Wanda enter film partnership

Chinese conglomerate Wanda announced plans Friday to invest in movies produced by Sony Pictures under an agreement that moves the company closer to its goal of becoming a major Hollywood player. Owned by one of the country's richest men, billionaire Wang

Published 25 Sep, 2016 12:00am

Total says cutting costs, investment

French oil major Total said Thursday it would trim back costs and investment in 2017-2018 in the face of continued low oil and gas prices. Total said it would cut annual investment to between $15 and 17 billion from next year instead of previous plans for

Published 25 Sep, 2016 12:00am

Total says cutting costs, investment

French oil major Total said Thursday it would trim back costs and investment in 2017-2018 in the face of continued low oil and gas prices. Total said it would cut annual investment to between $15 and 17 billion from next year instead of previous plans for

Published 25 Sep, 2016 12:00am

US cattle feedlot placements jump to four-year high

US feedlots in August brought in 15.0 percent more cattle compared with a year ago, the US Department of Agriculture said on Friday, topping average trade estimates and the highest for the month in four years. Analysts attributed last month's sizable plac

Published 25 Sep, 2016 12:00am

Federal Reserve proposes new limits on Wall Street energy bets

The Federal Reserve on Friday outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments. Under current law, Goldman Sachs Group Inc and Morgan St

Published 25 Sep, 2016 12:00am

Takata failed to report 2003 air bag rupture to US road authority

Japanese air bag supplier Takata Corp said it failed to inform the US auto safety agency of a 2003 rupture of one of its air bag inflators in Switzerland, according to an internal Takata report released by US regulators on Friday. Takata also said in the

Published 25 Sep, 2016 12:00am

Airbnb raises a $555 million to grow globally

Home sharing giant Airbnb just raised $555 million and is seeking even more in a funding round that values the company at $30 billion, a source close to the company told AFP. The San Francisco-based startup has taken in $555.46 million through a private f

Published 25 Sep, 2016 12:00am

China's Dalian Wanda opens $5.1 billion tourism park

Dalian Wanda Group, the Chinese entertainment giant owned by the country's richest man, opened the first phase of a sprawling 34 billion yuan ($5.1 billion) tourism park in the eastern city of Hefei on Saturday. Wanda is building similar projects around t

Published 25 Sep, 2016 12:00am

Goldman axing nearly 30 percent of Asia investment banking jobs

Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. The Wall Street bank is reducing the number of bank

Published 25 Sep, 2016 12:00am

CRRC, Bombardier to join forces on global bids

Canada's Bombardier Inc and the China Railway Rolling Stock Corporation (CRRC), longstanding partners in the Chinese domestic rail market, said on Friday they had expanded their relationship to join forces on international bids. "The agreement sets the st

Published 25 Sep, 2016 12:00am

Portugal to probe CGD, country's largest bank

Portugal has launched a probe into the state-owned Caixa General de Depositos bank, prosecutors said Saturday, with local media reporting that the investigation would centre on allegations of mismanagement and ruinous investments. The Expresso weekly said

Published 25 Sep, 2016 12:00am

Brazil's Amaro family sells 6.47 percent of LATAM Airline

Brazil's Amaro family, one of the main controllers of LATAM Airlines, sold a 6.47 percent stake in the regional carrier on Friday on the Santiago stock exchange for some $296 million, as part of a strategy to modify the company's ownership structure.

Published 25 Sep, 2016 12:00am

US business borrowing for equipment up 12 percent in August

Borrowings by US companies for capital investment rose 12 percent in August compared with a year earlier, the Equipment Leasing and Finance Association (ELFA) said. Companies signed up for $7.7 billion in new loans, leases and lines of credit last month,

Published 25 Sep, 2016 12:00am

J.P Morgan tops investment bank table again, top 5 all US banks

J.P. Morgan retained its place at the top of the global investment bank rankings in the first half of this year despite a fall in revenues, while Deutsche Bank's troubles ensured the top five were all US banks, new data on Friday showed. J.P. Morgan's rev

Published 25 Sep, 2016 12:00am

Weak Canadian inflation revives talk of possible rate cut

Canada's annual inflation rate in August dipped to a 10-month low and retail sales unexpectedly fell in July, disappointing markets and reviving talk that the Bank of Canada was more inclined to ease monetary policy than tighten. The data, which reflect t

Published 25 Sep, 2016 12:00am

Polish doctors hit streets demanding higher wages

Thousands of doctors, nurses and hospital workers marched through central Warsaw Saturday demanding Poland's rightwing government spend more on public health, especially to hike notoriously low salaries. "After six years of studies and a thirteen-month in

Published 25 Sep, 2016 12:00am

Egypt expects 2-3 IPOs in first year of privatisation plan

Egypt expects to privatise two or three state-owned companies via listings on the stock exchange in the first year of a privatisation programme, the chief executive of government-owned NI Capital said on Monday. The programme will last for three to five y

Published 25 Sep, 2016 12:00am

Japan stocks susceptible to global political risks: Pelargos CEO

Japanese equities are vulnerable to global political risks because overseas investors essentially see Japan as one of the most sensitive markets to global growth concerns and swings in sentiment, a Japan-focused fund-manager said. As Japan could take the

Published 25 Sep, 2016 12:00am

Emerging equity rally brightens IPO outlook

A stock market rally is breathing fresh life into equity capital markets across developing countries, with bankers predicting some long-awaited IPO deals will finally get off the starting blocks in coming months. After five years of underperformance, emer

Published 25 Sep, 2016 12:00am

Emerging equity rally brightens IPO outlook

A stock market rally is breathing fresh life into equity capital markets across developing countries, with bankers predicting some long-awaited IPO deals will finally get off the starting blocks in coming months. After five years of underperformance, emer

Published 25 Sep, 2016 12:00am

Qatar's second bond sale this year signals easing liquidity

Qatar's central bank sold 4.6 billion Qatar riyals ($1.26 billion) of conventional and Islamic government bonds on Tuesday in its second domestic government debt offer this year, suggesting liquidity is easing in a banking system pressured by low gas pric

Published 25 Sep, 2016 12:00am

Qatar's second bond sale this year signals easing liquidity

Qatar's central bank sold 4.6 billion Qatar riyals ($1.26 billion) of conventional and Islamic government bonds on Tuesday in its second domestic government debt offer this year, suggesting liquidity is easing in a banking system pressured by low gas pric

Published 25 Sep, 2016 12:00am

TSX falls as energy stocks, banks weigh

Canada's benchmark stock index fell on Friday after a strong rally earlier this week, with energy stocks slipping on slumping oil prices on growing skepticism that a deal to curb output could be struck next week. The Toronto Stock Exchange's S&P/TSX compo

Published 25 Sep, 2016 12:00am

Bats exchange deal would bring CBOE instant diversity

A potential acquisition by CBOE Holdings Inc of Bats Global Markets Inc would kick-start the Chicago-based options exchange operator's sluggish growth and give it exposure to new asset classes in the United States and Europe, analysts said on Friday.

Published 25 Sep, 2016 12:00am

Treasuries outlook: US bond prices rise but caution before supply, debate

US Treasury prices rose on Friday with benchmark yields hitting two-week lows as a result of safe-haven demand for bonds due to losses in Wall Street stocks. Treasury prices have risen following the Federal Reserve's decision to leave interest rates uncha

Published 25 Sep, 2016 12:00am

Treasuries outlook: US bond prices rise but caution before supply, debate

US Treasury prices rose on Friday with benchmark yields hitting two-week lows as a result of safe-haven demand for bonds due to losses in Wall Street stocks. Treasury prices have risen following the Federal Reserve's decision to leave interest rates uncha

Published 25 Sep, 2016 12:00am

Exchanges defeat appeal of US high-frequency trading lawsuits

A federal appeals court on Friday rejected an investor's attempt to revive lawsuits accusing major US exchanges of selling early access to market data to high-frequency traders, the subject of Michael Lewis' 2014 best-seller "Flash Boys." The 2nd US Circu

Published 25 Sep, 2016 12:00am

Global negative-yielding debt shrinks to $10.9 trillion: Fitch

The global amount of negative-yielding government bonds fell to $10.9 trillion on September 12 from its recent peak of about $11.7 trillion in late June after Japanese debt yields rose in recent months, Fitch Ratings said on Wednesday. Japan still account

Published 25 Sep, 2016 12:00am

Global negative-yielding debt shrinks to $10.9 trillion: Fitch

The global amount of negative-yielding government bonds fell to $10.9 trillion on September 12 from its recent peak of about $11.7 trillion in late June after Japanese debt yields rose in recent months, Fitch Ratings said on Wednesday. Japan still account

Published 25 Sep, 2016 12:00am

Telefonica expects up to 1.5 billion euros from Telxius listing

Spain's indebted telecoms giant Telefonica said Tuesday it hoped to raise up to 1.5 billion euros ($1.7 billion) from the listing of a stake in subsidiary Telxius, planned for October 3. In a statement, the group said it could float up to 40 percent of Te

Published 25 Sep, 2016 12:00am

Telefonica expects up to 1.5 billion euros from Telxius listing

Spain's indebted telecoms giant Telefonica said Tuesday it hoped to raise up to 1.5 billion euros ($1.7 billion) from the listing of a stake in subsidiary Telxius, planned for October 3. In a statement, the group said it could float up to 40 percent of Te

Published 25 Sep, 2016 12:00am

Venezuela's PDVSA offers 2020 bond swap, with 8.5 percent coupon

Venezuela's state oil company PDVSA launched on Friday an offer to swap up to $7.1 billion of debt maturing next year for a new 2020 bond with a coupon of 8.5 percent in an effort to ease its heavy short-term payment schedule. "Holders of eligible bonds,

Published 25 Sep, 2016 12:00am

Venezuela's PDVSA offers 2020 bond swap, with 8.5 percent coupon

Venezuela's state oil company PDVSA launched on Friday an offer to swap up to $7.1 billion of debt maturing next year for a new 2020 bond with a coupon of 8.5 percent in an effort to ease its heavy short-term payment schedule. "Holders of eligible bonds,

Published 25 Sep, 2016 12:00am

Wall Street falls as energy lags; shares post gains on week

Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week. Energy was the worst-performing major S&P sector, dropping 1.3 percent. Oil prices tumbled 4 p

Published 25 Sep, 2016 12:00am

Currency

African currencies week ahead: Nigerian naira seen weakening further

The Nigerian naira is expected to weaken further in the next week mainly due to fears of constrained supplies of dollars.

Published 25 Sep, 2016 12:00am

NBAD postpones ME's first green bond

National Bank of Abu Dhabi has postponed the region's first ever green bond after investors considered the pricing unattractive, banking sources told Reuters on Friday. Green bonds have become an increasingly popular source of borrowing for banks in emerg

Published 25 Sep, 2016 12:00am

NBAD postpones ME's first green bond

National Bank of Abu Dhabi has postponed the region's first ever green bond after investors considered the pricing unattractive, banking sources told Reuters on Friday. Green bonds have become an increasingly popular source of borrowing for banks in emerg

Published 25 Sep, 2016 12:00am

Currency

Japan issues fresh warning against excessive yen rises

Japanese authorities are ready to act against excessive yen rises, the government's top spokesman said on Friday, issuing a fresh warning to markets against recent yen gains that could hurt the country's export-reliant economy. The dollar fell to a nearly

Published 25 Sep, 2016 12:00am

Currency

EBS set to launch EBS Live Ultra faster data service

ICAP-owned EBS Brokertec said on Thursday it was on the verge of launching its "Ultra" data service, a high-speed feed that will further strengthen the hand of the large banks and computer-driven trading firms that dominate the currency world's biggest ve

Published 25 Sep, 2016 12:00am

Currency

Canadian dollar tumbles as oil drops and domestic data disappoints

The Canadian dollar tumbled against its US counterpart on Friday, pressured by raised bets for a Bank of Canada rate cut as oil prices fell and domestic data disappointed. Canada's annual inflation rate in August dipped to a 10-month low and retail sales

Published 25 Sep, 2016 12:00am

Currency

Dollar posts biggest weekly loss in a month after Fed cuts rate view

The dollar index whipsawed through the day but ended up little moved on Friday from its late Thursday levels as investors kept positions tight ahead of Monday's US presidential debate. The index, which measures the dollar against six major world currencie

Published 25 Sep, 2016 12:00am

Latam currencies fall

Latin American stocks and currencies fell on Friday as investors booked profits from a two-day rally after Boston Federal Reserve President Eric Rosengren said he believed rates should be raised gradually now. The Mexican peso weakened 0.85 percent on Fri

Published 25 Sep, 2016 12:00am

Currency

After 'Frankenshock', investors brace for surge by Czech crown

As Czech policymakers get closer to removing their cap on the value of the country's currency, the crown, forwards markets have started pricing in a Swiss franc-style sudden jump, albeit with not quite so dramatic consequences. Recent remarks by the new h

Published 25 Sep, 2016 12:00am

US dollar longs fall for second week; sterling shorts drop further

Speculators pared back favourable bets on the US dollar for a second straight week, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday, reflecting expectations the Federal Reserve would raise intere

Published 25 Sep, 2016 12:00am

China to crack down on fake overseas M&A deals to curb money flight

China's forex regulator said on Thursday it will crack down on fake overseas mergers and acquisitions used by some local firms and individuals to move assets out of the country, even as capital outflow pressure is easing. The government will support "genu

Published 25 Sep, 2016 12:00am

Currency

IMF eyes more China yuan transparency with reserve currency move

China will need to keep improving the transparency of its exchange rate regime once its yuan achieves reserve status as part of the International Monetary Fund's currency basket on October 1, IMF officials said on Wednesday. The designation will make the

Published 25 Sep, 2016 12:00am

Wawrinka and Zverev in St Petersburg Open final

US Open champion Stan Wawrinka and Alexander Zverev of Germany cruised into the Saint Petersburg Open final on Saturday beating Roberto Bautista Agut of Spain and the Czech Thomas Berdych respectively. Swiss top seed Wawrinka won his first ever meeting wi

Published 25 Sep, 2016 12:00am

Jadeja, Ashwin put India on top

Spinners Ravindra Jadeja and Ravichandran Ashwin helped India gain control of the first Test against New Zealand before the hosts stretched the second innings lead to 215 on the third day in Kanpur on Saturday. India, who are playing their 500th Test matc

Published 25 Sep, 2016 12:00am

Cricket is king but Pakistan baseball makes strides

Pakistan bowed out of the World Baseball Classic qualifying on Friday but confident the tournament has been a major milestone for the development of the sport in the cricket-mad nation. Field hockey and cricket are Pakistan's two major sports but with bas

Published 25 Sep, 2016 12:00am

Wozniacki to meet Osaka in Tokyo final

Caroline Wozniacki outlasted Agnieszka Radwanska 4-6 7-5 6-4 in a dog fight of a semi-final at the Pan Pacific Open on Saturday to end the Pole's reign at the Ariake Coliseum. The former world number one prevailed in two hours and 50 minutes of hard-fough

Published 25 Sep, 2016 12:00am

Mutko wins new term as Russian Football Union president

Russian sports minister Vitaly Mutko has won a new four-year term as President of the Russian Football Union (RFU) following elections in Moscow on Saturday. The 57-year-old received 266 votes from delegates. His rival for the post was former Russia and C

Published 25 Sep, 2016 12:00am

Rondon marks Pulis's 1,000th match with late leveller

Salomon Rondon grabbed a last-gasp equaliser as West Bromwich Albion marked Tony Pulis's 1,000th game as a manager with a 1-1 draw at Stoke City on Saturday. Baggies boss Pulis was on the brink of a frustrating defeat against his former club in his milest

Published 25 Sep, 2016 12:00am

United win without Rooney as City maintain perfect start

Manchester United thrashed defending Premier League champions Leicester City 4-1 as they vindicated manager Jose Mourinho's decision to drop Wayne Rooney while Manchester City maintained their perfect start with a 3-1 win away to Swansea on Saturday.

Published 25 Sep, 2016 12:00am

Suarez, Neymar fire Messi-less Barca top of La Liga

Barcelona shrugged off the absence of Lionel Messi to move to the top of La Liga as Luis Suarez and Neymar were on target in a 5-0 thrashing of Sporting Gijon. The hosts enjoyed the better of the opening half-hour, but were hit by a two-goal Barca burst i

Published 25 Sep, 2016 12:00am

Pakistan trounce West Indies in first T20

Left-arm spinner Imad Wasim took a career best five for 14 to help Pakistan defeat world Twenty20 champions West Indies by nine wickets in the first match in Dubai on Friday. Wasim's spin assault routed the West Indies for a low score of 115 in 19.5 overs

Published 25 Sep, 2016 12:00am

Online copyright protection gets landmark support from court

Intellectual Property Tribunal Lahore has restrained the website rightjob.pk from displaying, offering, advertising and job posting that are uploaded on the website rozee.pk under an ex-parte ad-interim injunction. The presiding officer of the tribunal al

Published 25 Sep, 2016 12:00am

POF board chief stresses on awareness about health, safety, environment

A Seminar on Health, Safety and Environment was organized on the start of Safety Week in Pakistan Ordnance Factory (POF) Wah Cantonment under the aegis of HSE Department of POF this morning. Speaking to participants as chief guest, Lieutenant General Omar

Published 25 Sep, 2016 12:00am

Magnitude 6.3 quake shakes Philippines' Mindanao island

A strong earthquake of magnitude 6.3 struck off the Philippine's Mindanao island on Saturday, sending hotel guests and construction workers running from buildings in Davao, but there were no immediate reports of damage. The US Geological Survey said the q

Published 25 Sep, 2016 12:00am

China to allow credit default swaps

China has given the green light to controversial credit default swap trading for the first time, signalling that Beijing is willing to let indebted companies fail to stop economic slowdown. In a country where the government usually helps firms facing prob

Published 25 Sep, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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