News Archives for Print - 2016-10-23

Member to Member

The following transactions member to member subsequently reported on Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am

China's Baosteel, Wuhan Steel complete 2016 capacity cuts

China steel producing giants Baosteel Group and Wuhan Steel Group have completed their targeted capacity cuts for this year, state media agency Xinhua reported on Saturday, citing a state assets supervisor official. Wuhan Steel may exceed its capacity cut

Published 23 Oct, 2016 12:00am

S&P raises France's rating outlook

Ratings firm Standard & Poor's raised Friday its outlook on France's long-term sovereign credit rating to "stable" from "negative", a move hailed by the government as a "sign of confidence". The US ratings agency, which stripped France of its prime AAA ra

Published 23 Oct, 2016 12:00am

S&P raises France's rating outlook

Ratings firm Standard & Poor's raised Friday its outlook on France's long-term sovereign credit rating to "stable" from "negative", a move hailed by the government as a "sign of confidence". The US ratings agency, which stripped France of its prime AAA ra

Published 23 Oct, 2016 12:00am

Volvo profits rise despite fall in lorry demand

Swedish lorry-maker Volvo said Friday its net profit jumped by 19 percent in the third quarter despite a drop in sales as demand fell in the United States. CEO Martin Lundstedt said in a statement that Volvo, number two in the industry, would "continue to

Published 23 Oct, 2016 12:00am

Volvo profits rise despite fall in lorry demand

Swedish lorry-maker Volvo said Friday its net profit jumped by 19 percent in the third quarter despite a drop in sales as demand fell in the United States. CEO Martin Lundstedt said in a statement that Volvo, number two in the industry, would "continue to

Published 23 Oct, 2016 12:00am

Maduro says oil producers close to output cap deal

Venezuelan President Nicolas Maduro was quoted on Saturday as saying that Opec and non-Opec nations were "very close" to an agreement on oil production curbs, Azerbaijan's state news agency Azertag reported. "Today with (Azeri) President Ilham Aliyev we t

Published 23 Oct, 2016 12:00am

Nordea chairman says merger with ABN Amro would create 'fine bank'

A merger between Sweden's Nordea and Dutch state-owned lender ABN Amro would make "a pretty fine bank," and early talks may continue after a March 2017 election in the Netherlands, Nordea chairman Bjorn Wahlroos said on Saturday. In an interview with Finn

Published 23 Oct, 2016 12:00am

Sweden wants EU to switch to emission-free cars by 2030

Sweden's environment minister on Saturday urged the European Union to ban petrol and diesel-powered vehicles from 2030. Speaking to the Aftonbladet daily, Isabella Lovin of the Green Party hailed a non-binding resolution adopted by Germany's upper house o

Published 23 Oct, 2016 12:00am

China Minsheng Investment aims for 1 trillion yuan valuation in three years

China Minsheng Investment Group (CMIG), the country's biggest private investment group, is targeting a valuation of 1 trillion yuan ($147.81 billion) by 2019, the South China Morning Post quoted its president as saying. The business is set for massive exp

Published 23 Oct, 2016 12:00am

Nissan boss says Britain plant investment decision 'soon'

Nissan boss Carlos Ghosn said Friday that a decision on further investment at a car plant in Britain would be made "next month", amid concerns about Brexit's impact. Ghosn warned in September that Nissan needed guarantees from London over Britain's vote t

Published 23 Oct, 2016 12:00am

Banks to get some stability after new loan-loss rules come into force

Banks will get a "period of calm" after new rules forcing them to provision earlier for loan-losses come into effect from 2018, a senior global accounting official said. The rules are being introduced to avoid taxpayer rescues of banks that run into troub

Published 23 Oct, 2016 12:00am

Senegal in renewables drive as new solar park unveiled

Senegal put into service one of sub-Saharan Africa's largest solar energy projects Saturday as it pushes to become a regional player in renewables on a continent where the majority remain off-grid. The 20-megawatt Senergy 2 project in Bokhol, close to the

Published 23 Oct, 2016 12:00am

Environment group wins challenge against Australia's Port Melville depot

An Australia court overturned on Saturday government approval of a A$130 million fuel depot and port at Port Melville, off the country's north coast, handing a major victory to environmental activists. The facility, being developed by a unit of Singapore-

Published 23 Oct, 2016 12:00am

Currency

Suu Kyi in pitch to foreign investors after Obama lifts sanctions

Myanmar leader Aung San Suu Kyi on Saturday made a pitch to foreign investors, promising a clearer legal framework and opportunities in untapped economic sectors, two weeks after US President Barack Obama lifted most sanctions on the country. Since taking

Published 23 Oct, 2016 12:00am

Currency

Latam FX seen steady, supported by carry trades, high rates

Latin American currencies will likely remain on a steady course as investors seek to profit on their relatively high interest rates, offseting much of the impact of possible monetary tightening in the United States, a Reuters poll showed. The median one-y

Published 23 Oct, 2016 12:00am

Currency

As Trump fears fade, other risks for Mexican peso come to fore

Mexico's peso has largely overcome the prospect of a victory by US Republican presidential candidate Donald Trump, but concerns about weak growth, an oil price funk and ballooning debt will limit further gains, economists said on Thursday. The peso surged

Published 23 Oct, 2016 12:00am

Currency

The wings of kiwi dollar look set to be clipped

The New Zealand dollar, or kiwi, looks to be heading for a fall after outpacing many peers for much of this year. Until early September, the kiwi was up almost 10 percent against the US dollar for the year, but it has dropped 4 percent since then and is a

Published 23 Oct, 2016 12:00am

Currency

Speculators boost dollar bets to nine-month high

Speculators raised favourable bets on the US dollar for a fourth straight week, with net longs hitting their highest in roughly nine months, Reuters calculations and data from the Commodity Futures Trading Commission showed on Friday. The value of the dol

Published 23 Oct, 2016 12:00am

Currency

Serbian central bank buys euros to stem dinar gains

Serbia's central bank intervened on the interbank currency market by purchasing euros to stem gains in the dinar, dealers said on Friday. The bank, which this week bought 30 million euros in interventions, stepped in with the dinar trading at between 123.

Published 23 Oct, 2016 12:00am

Currency

Dollar index gains to near eight-month high, euro weakens

The dollar rose to its highest level since early February against a basket of currencies on Friday, boosted by higher expectations of a Federal Reserve interest rate hike this year and by the euro weakening to seven-month lows. Hawkish comments from Fed o

Published 23 Oct, 2016 12:00am

Currency

Canadian dollar tumbles to seven-month low

The Canadian dollar weakened to a seven-month low against its US counterpart on Friday as weaker-than-expected domestic data fueled interest rate cut bets and the greenback made broad-based gains. For the week, the loonie fell 1.4 percent, its largest one

Published 23 Oct, 2016 12:00am

Currency

UK companies' FX hedging soars after Brexit vote

Britain's vote to leave the European Union sparked a doubling of currency hedging by small UK businesses, with more than half now using forward or options contracts to protect themselves from moves in the pound, industry research showed on Friday. The ano

Published 23 Oct, 2016 12:00am

Currency

Samsung's damaging smartphone crisis could put screws on won

Samsung Electronics Co's smartphone crisis is likely to ripple through to the foreign exchange market, analysts say, putting the South Korean won under pressure as the global tech giant takes a multi-billion dollar earnings hit from lost sales. On Thursda

Published 23 Oct, 2016 12:00am

Currency

African currencies week ahead: Tanzania, Uganda currencies to strengthen modestly

The Tanzanian and Ugandan currencies are expected strengthen modestly next week, while those of Nigeria, Kenya and Zambia are likely to remain steady.

Published 23 Oct, 2016 12:00am

Wall Street ends little changed; Microsoft hits record

The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare shares. General Electric, often seen as an economic bellwether, weighed

Published 23 Oct, 2016 12:00am

Treasuries outlook: yields little changed on light volume

US Treasury yields were little changed on Friday as expectations the Federal Reserve would raise US interest rates by year-end offset demand for bonds following comments by European Central Bank President Mario Draghi on bond purchases. Trading held in a

Published 23 Oct, 2016 12:00am

Treasuries outlook: yields little changed on light volume

US Treasury yields were little changed on Friday as expectations the Federal Reserve would raise US interest rates by year-end offset demand for bonds following comments by European Central Bank President Mario Draghi on bond purchases. Trading held in a

Published 23 Oct, 2016 12:00am

Qatar's Masraf Al Rayan, Doha Bank to launch ETFs by year-end

Qatari banks Masraf Al Rayan and Doha Bank plan to launch the Gulf state's first exchange-traded funds (ETFs) by the end of the 2016, a move that should boost capital flows into the local stock market, a bourse official said. The launch of ETFs - portfoli

Published 23 Oct, 2016 12:00am

Broken IPO market calls for tax reboot

The stuttering new share issues market calls for a tax fix. Several recent deals have been pulled or postponed, including those of British energy supplier First Utility, German real estate company OfficeFirst and Spanish telecoms infrastructure firm Telxi

Published 23 Oct, 2016 12:00am

Broken IPO market calls for tax reboot

The stuttering new share issues market calls for a tax fix. Several recent deals have been pulled or postponed, including those of British energy supplier First Utility, German real estate company OfficeFirst and Spanish telecoms infrastructure firm Telxi

Published 23 Oct, 2016 12:00am

Currency

Nigeria's Arik plans $1 billion share offer, possible London listing

Nigeria's largest airline Arik Air plans to raise as much as $1 billion through a private share placement next year and then a possible initial public offering (IPO) in Lagos and London, its managing director said. The airline wants to expand internationa

Published 23 Oct, 2016 12:00am

Suriname makes international bond market debut

Suriname debuted in the international bond markets on Wednesday, selling a US $550m 10-year deal snapped up by investors who shrugged off any jitters over political or economic risk. The tiny South American country drew solid buyside interest, allowing le

Published 23 Oct, 2016 12:00am

Suriname makes international bond market debut

Suriname debuted in the international bond markets on Wednesday, selling a US $550m 10-year deal snapped up by investors who shrugged off any jitters over political or economic risk. The tiny South American country drew solid buyside interest, allowing le

Published 23 Oct, 2016 12:00am

Currency

Solid quarterly earnings help LSE focus on merger

London Stock Exchange Group Plc reported a jump in third-quarter earnings, helped by a weaker pound and putting the company on a sound footing as it focuses on its merger with Deutsche Boerse. The exchange operator, which is in talks to sell its French cl

Published 23 Oct, 2016 12:00am

Credit Suisse sees scope for UK mining dividend rise

Dividend yields at British mining companies have hit a five-year low just as cash flows in the sector improve, prompting some analysts to call for higher payouts as early as next year. A slump in demand in recent years, owing largely to China's economic s

Published 23 Oct, 2016 12:00am

European shares expected to move sideways until June

European stocks will make little headway before June as concerns about future US rate increases and Britain's move to start its divorce from the European Union discourage investors from placing strong bets, a Reuters poll found. The poll of more than 20 t

Published 23 Oct, 2016 12:00am

Currency

TSX rises to 16-month high, led by resource shares

Canada's main stock index rose to a 16-month high on Friday as shares of energy and materials companies led broad-based gains and investors raised bets on a rate cut from the Bank of Canada. For the week, the commodity-linked TSX rose 2.4 percent, helped

Published 23 Oct, 2016 12:00am

SEC approves FINRA rule on reporting US bond trades

The Securities and Exchange Commission said on Wednesday it approved the Financial Industry Regulatory Authority's proposal to require its members to report their trades of US government securities. FINRA plans to implement the reporting program on July 1

Published 23 Oct, 2016 12:00am

SEC approves FINRA rule on reporting US bond trades

The Securities and Exchange Commission said on Wednesday it approved the Financial Industry Regulatory Authority's proposal to require its members to report their trades of US government securities. FINRA plans to implement the reporting program on July 1

Published 23 Oct, 2016 12:00am

Ghana issues maiden dollar denominated domestic bond

Ghana has issued its first dollar denominated domestic bond worth $94.64 million in two-year paper with a coupon rate of 6 percent, consistent with an initial price range of 5.5-6.5 percent, the Finance Ministry said on Monday. The bond was open only to i

Published 23 Oct, 2016 12:00am

Ghana issues maiden dollar denominated domestic bond

Ghana has issued its first dollar denominated domestic bond worth $94.64 million in two-year paper with a coupon rate of 6 percent, consistent with an initial price range of 5.5-6.5 percent, the Finance Ministry said on Monday. The bond was open only to i

Published 23 Oct, 2016 12:00am

Foreign interest in high-yielding India bonds wanes

Demand for high-yielding Indian government bonds is dwindling, going by the reduced interest seen at an auction on Monday for foreign investors for rupee-denominated sovereign paper. The Securities and Exchange Board of India offered 93.30 billion rupees

Published 23 Oct, 2016 12:00am

Foreign interest in high-yielding India bonds wanes

Demand for high-yielding Indian government bonds is dwindling, going by the reduced interest seen at an auction on Monday for foreign investors for rupee-denominated sovereign paper. The Securities and Exchange Board of India offered 93.30 billion rupees

Published 23 Oct, 2016 12:00am

European wheat markets little changed

Western European wheat markets were little changed on Thursday as recent export impetus subsided in a session marked by a widening of the premium for CME's futures over Euronext's established benchmark. December milling wheat on Paris-based Euronext settl

Published 23 Oct, 2016 12:00am

Vietnam to suspend US DDGS imports from mid-December

The US Grains Council is working with Vietnamese importers of distillers' dried grains with solubles (DDGS) to end the country's planned suspension of US shipments of the protein-rich animal feed, according to a letter sent to council members and seen by

Published 23 Oct, 2016 12:00am

India buys Australian wheat, Chinese corn uncompetitive

Indian mills bought 100,000 tonnes of new-crop Australian wheat in recent deals for January shipment, while Chinese corn has yet to make inroads into Asia due to its higher prices relative to other sources, traders said on Thursday. Indian flour mills pai

Published 23 Oct, 2016 12:00am

Cotton

China to cut corn area, raise soyabean planting in 5-year plan

China will reduce the area planted with corn and lift soyabean acreage in the next five years, said the country's cabinet on Thursday, reiterating goals outlined earlier this year to adjust the nation's crop structure to better meet demand. China has enco

Published 23 Oct, 2016 12:00am

Vietnamese coffee discounts steady; Indonesia up

Discounts of Vietnamese coffee were steady on Thursday, with sales slowing as stocks dwindled ahead of the harvest peak next month, while Indonesia were up slightly, traders said. Vietnam, the world's top robusta producer, will accelerate harvesting its 2

Published 23 Oct, 2016 12:00am

European feeds: soyameal firmer on technical buying

Soyameal asking prices on the European meals and feeds market firmed on Thursday following the previous day's trend in CBOT soyameal futures on the back of technical buying in soyaoil and soyabean futures due to a rally in energy markets.

Published 23 Oct, 2016 12:00am

US Midwest soya, corn bids mixed

Spot basis bids for soyabeans and corn were mixed in the US Midwest on Thursday afternoon, as harvest progressed but export demand offset the pressure in some areas, grain merchants said. Basis bids for soyabeans eased by 5 cents at an elevator near Chica

Published 23 Oct, 2016 12:00am

Australian coal prices hit $100 per tonne for the first time since 2012

As Australian thermal coal prices hit $100 per tonne on Tuesday for the first time since 2012, the fuel's rally is now among the commodity's top-three bull-runs on record. The bull-run rivals the 2011 Fukushima nuclear meltdown and Australian mining flood

Published 23 Oct, 2016 12:00am

Cotton

Cotton market: rates slip in line with global track

In line with the international trend, cotton prices slid on the cotton market on Saturday in the process of trade activity, dealers said. The official spot rate was lower by Rs 50 to Rs 6000, dealers said. Phutti rates in Sindh were at Rs 2700-3150 and in

Published 23 Oct, 2016 12:00am

Vietnamese rice prices rise to highest in seven weeks

Vietnamese rice prices rose to their highest in seven weeks on demand from China and production disruption in the Mekong Delta in southern Vietnam due to rain, while Thai rice prices eased after a brief pickup last week, traders said on Wednesday. In Indi

Published 23 Oct, 2016 12:00am

US FOB Gulf soyabean offers steady on Chinese demand

Soyabean export premiums for shipments from the US Gulf Coast held about steady on Thursday on rising supplies from the US harvest and moderate demand, mostly from China, traders said. Spot CIF soyabean barge basis values weakened on Thursday as newly har

Published 23 Oct, 2016 12:00am

Palm oil prices slightly lower in Europe

Palm oil prices in Europe were slightly lower on Thursday, with the market weighed down by weakening demand and a decline in CBOT soyabean oil futures. However, supplies remained tight, dealers said, and prices remained within striking distance of highs s

Published 23 Oct, 2016 12:00am

US natural gas futures fall to two-week low

US natural gas futures slipped to a two-week low on Thursday after a government report showed a bigger-than-expected weekly storage build. Traders noted that price decline came despite forecasts for cooler temperatures that will remain at above normal lev

Published 23 Oct, 2016 12:00am

CBOT wheat futures lower

Wheat futures on the Chicago Board of Trade fell on Thursday, following broad declines in commodities including crude oil as the dollar strengthened, making US goods less attractive on the global market, analysts said. CBOT December wheat settled down 3-1

Published 23 Oct, 2016 12:00am

Asian naphtha crack recovers losses

Asia's naphtha crack rose to $58.23 a tonne on Thursday, recovering the previous day's decline to reach its highest since September 29, supported by reduced supplies. South Korea's Lotte Chemical has bought four naphtha cargoes averaging 25,000 tonnes eac

Published 23 Oct, 2016 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 23 Oct, 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 (October 22, 2016).

Published 23 Oct, 2016 12:00am

Indian extremists allow conditional release of Fawad Khan's film

In a move to save prominent Bollywood director Karan Johar from financial loss, Indian extremists have decided not to oppose the release of Ae Dil Hai Mushkil, which features Pakistani actor Fawad Khan. The decision was taken after Filmmaker Mukesh Bhatt,

Published 23 Oct, 2016 12:00am

Saad speaks to Khursheed

The government team, tasked to reach out to opposition parties to counter the Pakistan Tehreek-e-Insaf's (PTI) lockdown plan of federal capital on Saturday contacted Opposition Leader in the National Assembly Syed Khursheed Ahmad Shah to discuss its futur

Published 23 Oct, 2016 12:00am

Saad speaks to Khursheed

The government team, tasked to reach out to opposition parties to counter the Pakistan Tehreek-e-Insaf's (PTI) lockdown plan of federal capital on Saturday contacted Opposition Leader in the National Assembly Syed Khursheed Ahmad Shah to discuss its futur

Published 23 Oct, 2016 12:00am

Inflation to hit 5.2 percent by June 2017: IMF

Report of International Monetary Fund (IMF) claimed on Saturday that inflation in Pakistan would hit 5.2 percent in 2017 which is nearly twofold of current year''''s 2.9 percent. Prices of petroleum products, coal and gas will be hitting 27 percent hike i

Published 23 Oct, 2016 12:00am

Inflation to hit 5.2 percent by June 2017: IMF

Report of International Monetary Fund (IMF) claimed on Saturday that inflation in Pakistan would hit 5.2 percent in 2017 which is nearly twofold of current year''s 2.9 percent. Prices of petroleum products, coal and gas will be hitting 27 percent hike in

Published 23 Oct, 2016 12:00am

Inflation to hit 5.2 percent by June 2017: IMF

Report of International Monetary Fund (IMF) claimed on Saturday that inflation in Pakistan would hit 5.2 percent in 2017 which is nearly twofold of current year's 2.9 percent. Prices of petroleum products, coal and gas will be hitting 27 percent hike in t

Published 23 Oct, 2016 12:00am

Inflation to hit 5.2 percent by June 2017: IMF

Report of International Monetary Fund (IMF) claimed on Saturday that inflation in Pakistan would hit 5.2 percent in 2017 which is nearly twofold of current year's 2.9 percent. Prices of petroleum products, coal and gas will be hitting 27 percent hike in t

Published 23 Oct, 2016 12:00am

PSM sell-off process to begin in couple of weeks: Zubair

Privatisation Commission Chairman Muhammad Zubair Saturday pointed out that the government would again start privatisation process of Pakistan Steel Mills in next couple of weeks. The sell-off process was stopped when the Sindh government had shown intere

Published 23 Oct, 2016 12:00am

PSM sell-off process to begin in couple of weeks: Zubair

Privatisation Commission Chairman Muhammad Zubair Saturday pointed out that the government would again start privatisation process of Pakistan Steel Mills in next couple of weeks. The sell-off process was stopped when the Sindh government had shown intere

Published 23 Oct, 2016 12:00am

PSM sell-off process to begin in couple of weeks: Zubair

Privatisation Commission Chairman Muhammad Zubair Saturday pointed out that the government would again start privatisation process of Pakistan Steel Mills in next couple of weeks. The sell-off process was stopped when the Sindh government had shown intere

Published 23 Oct, 2016 12:00am

Summit on economy: export slide termed big challenge

Speakers at Pakistan Business and Economic Summit said the government has achieved most of the macroeconomic targets during last three years; however, declining exports still constitute a big challenge that should be focused by the policymakers. The summi

Published 23 Oct, 2016 12:00am

Summit on economy: export slide termed big challenge

Speakers at Pakistan Business and Economic Summit said the government has achieved most of the macroeconomic targets during last three years; however, declining exports still constitute a big challenge that should be focused by the policymakers. The summi

Published 23 Oct, 2016 12:00am

Summit on economy: export slide termed big challenge

Speakers at Pakistan Business and Economic Summit said the government has achieved most of the macroeconomic targets during last three years; however, declining exports still constitute a big challenge that should be focused by the policymakers. The summi

Published 23 Oct, 2016 12:00am

Currency

SBP explains why it''s relocating 5 departments to Lahore

State Bank of Pakistan''s Banking Corporation of Pakistan''s (BSC) five out of 11 departments are being partially relocated to Lahore, closer to Central and Northern regions - not the head office of BSC - to ensure greater operational efficiency and logis

Published 23 Oct, 2016 12:00am

Currency

SBP explains why it's relocating 5 departments to Lahore

State Bank of Pakistan's Banking Corporation of Pakistan's (BSC) five out of 11 departments are being partially relocated to Lahore, closer to Central and Northern regions - not the head office of BSC - to ensure greater operational efficiency and logisti

Published 23 Oct, 2016 12:00am

Currency

SBP explains why it's relocating 5 departments to Lahore

State Bank of Pakistan's Banking Corporation of Pakistan's (BSC) five out of 11 departments are being partially relocated to Lahore, closer to Central and Northern regions - not the head office of BSC - to ensure greater operational efficiency and logisti

Published 23 Oct, 2016 12:00am

Canada says: EU''s ''job'' to save trade pact

Canada turned up the heat on the European Union Saturday, saying it was the bloc''s "job" to save a trade pact put in doubt by a Belgian region''s refusal to sign on. Chrystia Freeland, the Canadian trade minister, was firm after leaving last-ditch talks

Published 23 Oct, 2016 12:00am

Canada says: EU's 'job' to save trade pact

Canada turned up the heat on the European Union Saturday, saying it was the bloc's "job" to save a trade pact put in doubt by a Belgian region's refusal to sign on. Chrystia Freeland, the Canadian trade minister, was firm after leaving last-ditch talks wi

Published 23 Oct, 2016 12:00am

Canada says: EU's 'job' to save trade pact

Canada turned up the heat on the European Union Saturday, saying it was the bloc's "job" to save a trade pact put in doubt by a Belgian region's refusal to sign on. Chrystia Freeland, the Canadian trade minister, was firm after leaving last-ditch talks wi

Published 23 Oct, 2016 12:00am

Trump lays out plan for first 100 days

Donald Trump on Saturday unveiled plans for the first 100 days of his presidency, vowing to create 25 million jobs over a decade and middle class tax cuts, as he and Hillary Clinton courted undecided swing state voters. While offering a number of concrete

Published 23 Oct, 2016 12:00am

Trump lays out plan for first 100 days

Donald Trump on Saturday unveiled plans for the first 100 days of his presidency, vowing to create 25 million jobs over a decade and middle class tax cuts, as he and Hillary Clinton courted undecided swing state voters. While offering a number of concrete

Published 23 Oct, 2016 12:00am

President arrives in Doha

President Mamnoon Hussain arrived here Saturday on a four-day official visit of the State of Qatar, to hold talks with Qatari leadership for further strengthening bilateral relations between the two brotherly countries in various fields. The President, wh

Published 23 Oct, 2016 12:00am

President arrives in Doha

President Mamnoon Hussain arrived here Saturday on a four-day official visit of the State of Qatar, to hold talks with Qatari leadership for further strengthening bilateral relations between the two brotherly countries in various fields. The President, wh

Published 23 Oct, 2016 12:00am

Aziz says he is 'not aware'

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz on Saturday said he was "not aware" if any delegation of the Afghan Taliban had recently come to Pakistan in relation to peace talks with the government in Kabul. Speaking to media Aziz said: "Deleg

Published 23 Oct, 2016 12:00am

Aziz says he is 'not aware'

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz on Saturday said he was "not aware" if any delegation of the Afghan Taliban had recently come to Pakistan in relation to peace talks with the government in Kabul. Speaking to media Aziz said: "Deleg

Published 23 Oct, 2016 12:00am

Afghan Taliban in Pakistan after 'secret talks'

An Afghan Taliban delegation has arrived in Pakistan, militant sources said Saturday, raising speculation over efforts to revive peace negotiations days after reports of secret talks with Afghan officials in Qatar. Taliban spokesman Zabihullah Mujahid con

Published 23 Oct, 2016 12:00am

Afghan Taliban in Pakistan after 'secret talks'

An Afghan Taliban delegation has arrived in Pakistan, militant sources said Saturday, raising speculation over efforts to revive peace negotiations days after reports of secret talks with Afghan officials in Qatar. Taliban spokesman Zabihullah Mujahid con

Published 23 Oct, 2016 12:00am

MQM London's Karachi leadership detained

The Sindh Rangers on Saturday arrested senior members of Rabita Committee of Muttahida Qaumi Movement (MQM) London Dr Hassan Zafar Arif and Kunwar Kahlid Younis minutes before their scheduled press conference at Karachi Press Club. A heavy contingent of R

Published 23 Oct, 2016 12:00am

MQM London's Karachi leadership detained

The Sindh Rangers on Saturday arrested senior members of Rabita Committee of Muttahida Qaumi Movement (MQM) London Dr Hassan Zafar Arif and Kunwar Kahlid Younis minutes before their scheduled press conference at Karachi Press Club. A heavy contingent of R

Published 23 Oct, 2016 12:00am

Indian extremists allow conditional release of Fawad Khan's film

In a move to save prominent Bollywood director Karan Johar from financial loss, Indian extremists have decided not to oppose the release of Ae Dil Hai Mushkil, which features Pakistani actor Fawad Khan. The decision was taken after Filmmaker Mukesh Bhatt,

Published 23 Oct, 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 (October 22, 2016).

Published 23 Oct, 2016 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 22, 2016)

Published 23 Oct, 2016 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am

Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Saturday as the rupee held the overnight levels versus the dollar in the process of trading, dealers said. The rupee was unchanged against the dollar for buying and selling at Rs 105.50 and Rs 105.70 respectively,

Published 23 Oct, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 26	150.14
USD to Swiss Franc / Mar 26	0.88
Pound Sterling to USD / Mar 26	1.29
Euro to USD / Mar 26	1.08
UK LIBOR % / Mar 25	4.96

Stock	Volume
S&P 500 / Mar 25	5,776.65
Nasdaq / Mar 25	18,271.86
Dow Jones / Mar 25	42,587.50
India Sensex / Mar 26	77,971.12
Tokyo Nikkei / Mar 26	38,027.29
Hang Seng / Mar 26	23,483.32
FTSE 100 / Mar 26	8,660.31
Germany DAX 30 / Mar 26	22,923.69
France CAC40 / Mar 26	8,042.59

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 25	17,085
Gold 10 Grams PKR / Mar 25	272,462
Crude Oil USD/Barrel / Mar 26	69.26
Gold Spot USD/Ounce / Mar 26	3,018.44
Cotton US¢/pound / Mar 26	65.37
Petrol/Litre / Mar 27	255.63
Diesel/Litre / Mar 27	258.64

Stock	Price
Mughal Iron & Steel (R) / Mar 26 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	3.01 ▲ 1 (49.75%)
Sec. Inv. Bank / Mar 26 Security Investment Bank Limited(SIBL)	9.99 ▲ 1 (11.12%)
Zephyr Textile / Mar 26 Zephyr Textiles Limited(ZTL)	11.40 ▲ 1.04 (10.04%)
Leiner Pak Gelat / Mar 26 Leiner Pak Gelatine Limited(LPGL)	110.80 ▲ 10.07 (10%)
Philip Morris Pak. / Mar 26 Philip Morris (Pakistan) Limited(PMPK)	737.77 ▲ 67.07 (10%)
Data Agro / Mar 26 Data Agro Limited(DAAG)	96.62 ▲ 8.78 (10%)
Baba Farid Sugar / Mar 26 Baba Farid Sugar Mills Limited(BAFS)	58.44 ▲ 5.31 (9.99%)
Crescent Fib. / Mar 26 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 26 Popular Islamic Modaraba(PIM)	14.48 ▲ 1.31 (9.95%)
The Thal Ind.Corp. / Mar 26 The Thal Industries Corporation Limited(TICL)	340 ▲ 30.55 (9.87%)

Stock	Price
Elahi Cot. / Mar 26 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Power Cem(Pref) / Mar 26 Power Cement (Pref)(POWERPS)	12.95 ▼ -1.38 (-9.63%)
Atlas Ins. Ltd / Mar 26 Atlas Insurance Limited(ATIL)	58.50 ▼ -5.48 (-8.57%)
Bela Auto / Mar 26 Bela Automotives Limited(BELA)	167 ▼ -14.94 (-8.21%)
Kohat Textile / Mar 26 Kohat Textile Mills Limited(KOHTM)	28.15 ▼ -2.4 (-7.86%)
Jubilee Spinning / Mar 26 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.88 ▼ -0.89 (-7.56%)
Frontier Ceram / Mar 26 Frontier Ceramics Limited(FRCL)	22.40 ▼ -1.82 (-7.51%)
Noon Sugar / Mar 26 Noon Sugar Mills Limited(NONS)	73.62 ▼ -5.95 (-7.48%)
PIA Holding Co.B / Mar 26 PIA Holding Company Limited B(PIAHCLB)	900.16 ▼ -71.96 (-7.4%)
UDL International / Mar 26 UDL International Limited(UDLI)	7.11 ▼ -0.53 (-6.94%)

Stock	Volume
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	29,093,385 ▲ 1.6
P.S.O. / Mar 26 Pakistan State Oil Company Limited(PSO)	26,846,685 ▲ 1.38
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	22,825,615 ▼ -0.92
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	17,176,390 ▲ 0.07
B.O.Punjab / Mar 26 The Bank of Punjab(BOP)	16,063,012 ▼ -0.18
Pak Petroleum / Mar 26 Pakistan Petroleum Limited(PPL)	15,868,233 ▲ 7.49
Engro Fert. / Mar 26 Engro Fertilizers Limited(EFERT)	14,391,574 ▼ -1.85
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	12,412,844 ▲ 0.01
TPL REIT Fund I / Mar 26 TPL REIT Fund I(TPLRF1)	11,002,839 ▲ 0.06
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	10,156,162 ▲ 1.41

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