News Archives for Print - 2016-11-20

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 19, 2016).

Published 20 Nov, 2016 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 19, 2016).

Published 20 Nov, 2016 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (November 19, 2016).

Published 20 Nov, 2016 12:00am

Currency

KARACHI: An easier trend persisted on the money market on Saturday in the process of trading, dealers said. The rupee gave up 10 paisas versus the greenback for buying and selling at Rs 106.50 and Rs 106.70, they said. The rupee gained 20 paisas in relati

Published 20 Nov, 2016 12:00am

Currency

THE RUPEE: bears persist

KARACHI: An easier trend persisted on the money market on Saturday in the process of trading, dealers said. The rupee gave up 10 paisas versus the greenback for buying and selling at Rs 106.50 and Rs 106.70, they said. The rupee gained 20 paisas in relati

Published 20 Nov, 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 (November 19, 2016).

Published 20 Nov, 2016 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (November 19, 2016).

Published 20 Nov, 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 (November 19, 2016).

Published 20 Nov, 2016 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 20 Nov, 2016 12:00am

World sugar deficit seen falling, stocks at six-year low: USDA

The US government on Thursday sharply reduced its projection for a global sugar supply shortfall in the current 2016/17 year, but said prices are still likely to continue to be high as inventories fall to a six-year low and demand hits a record high.

Published 20 Nov, 2016 12:00am

Asian naphtha crack rises to three-session high

Asia's naphtha crack rose to a three-session high of $80.60 a tonne on Thursday, ending three straight days of losses as strong fundamentals led by seasonal factors reversed the tide. Traders said fewer naphtha cargoes typically come to Asia during winter

Published 20 Nov, 2016 12:00am

US FOB Gulf soyabean offers fall

Export premiums for soyabeans shipped from the US Gulf Coast were flat to lower on Thursday, sinking in tandem with easing CIF barge basis values and as competition from South American shipments intensified, traders said. China has booked several US soyab

Published 20 Nov, 2016 12:00am

Currency

Vietnamese rice exporters lower bids to attract buyers

Vietnamese rice exporters lowered their quotations on Wednesday to attract buyers, but failed to compete with Thailand where rice prices have been hovering at their 13-month lows due in part to a weaker currency, traders said. Thai benchmark 5-percent bro

Published 20 Nov, 2016 12:00am

US natural gas futures fall as stockpiles hit record high

US natural gas futures fell on Thursday after a report showed that storage levels climbed to a record high and on conflicting weather forecasts showing continued mild weather. The US Energy Information Administration said utilities added 30 billion cubic

Published 20 Nov, 2016 12:00am

EU wheat futures up to two-week highs

European wheat futures edged upwards on Thursday to touch new two-week highs as weakness in the euro and firm cash prices in France again lent support to a market otherwise lacking clear impetus. The euro fell to its lowest to the dollar since last Decemb

Published 20 Nov, 2016 12:00am

Cotton

Seed cotton prices hit season's high

Prices of seed cotton (phutti) touched season's high on the cotton market on Saturday in the process of sustained buying of quality lint, dealers said. The official spot rate was higher by Rs 50 to Rs 6150, dealers said. In Sindh, seed cotton prices were

Published 20 Nov, 2016 12:00am

Indonesian palm oil output, exports likely to rise in October

Indonesia's crude palm oil (CPO) output likely rose for a sixth month in October while exports were seen rising as buyers build up inventories. CPO production likely increased by 5.6 percent to 3.06 million tonnes, according to the median estimate in a su

Published 20 Nov, 2016 12:00am

Brazil's new sugar terminal loads first ship

Brazil's new sugar terminal at the port of Suape in the state of Pernambuco will load its first ship on Friday, opening a new export corridor for mills in the Northeast at a time of strong demand for the sweetener. The Suape Sugar Terminal (TAS) was built

Published 20 Nov, 2016 12:00am

CBOT wheat futures rise on short-covering

Wheat futures on the Chicago Board of Trade rose on Thursday as expectations for a drop in US wheat plantings for 2017 and strong weekly export sales prompted short-covering, traders said. CBOT December wheat settled up 6 cents at $4.03 per bushel after r

Published 20 Nov, 2016 12:00am

China's iron ore futures rebound to finish higher

Iron ore futures in China rebounded to finish higher on Thursday after a 17 percent drop from this week's peak pulled investors back into the commodity where open contracts have fallen to the lowest level since May. China's iron ore futures touched a 33-m

Published 20 Nov, 2016 12:00am

Syria's food output hits all-time low: UN agencies

Food production has dropped to an all-time low in Syria where millions of hungry civilians are struggling through their sixth winter in a war zone, UN agencies said on Tuesday. Many farmers have had to abandon their land, unable to afford the soaring cost

Published 20 Nov, 2016 12:00am

Vietnamese coffee discounts widen; Indonesian stocks decline

Discounts for Vietnamese coffee widened on Thursday as harvesting picked up in sunny weather and on improved crop outlook, while premiums for Indonesian coffee narrowed on declining stocks, traders said. Sunny days this week have been supporting harvest i

Published 20 Nov, 2016 12:00am

Black Sea region completes winter wheat sowing

Major Black Sea grain producers Ukraine and Russia have almost completed winter sowing, with Russia benefiting from good weather conditions whereas cold temperatures pose risks to Ukraine's crop, analysts and traders said. Favourable weather conditions in

Published 20 Nov, 2016 12:00am

Iran aims to ramp up wheat exports to clear hefty surplus

Iran aims to ramp up wheat exports to clear a hefty surplus supported by a government self-sufficiency drive, but may continue to import some wheat to meet the quality requirements of local millers, an industry group said on Monday. The government has pri

Published 20 Nov, 2016 12:00am

Can Trump make coal great again? At least some companies think so

Most of the US coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. But a small sub-section of the coal sector that mines metallurgical coal - a v

Published 20 Nov, 2016 12:00am

Autonomous cars - 'new oil' or 'big brother'?

Just like credit cards, smartphones or search engines, autonomous cars will carry a trove of information about their owners as they make driving more comfortable, raising new concerns about privacy. Automakers are engaged in a fierce race to develop the f

Published 20 Nov, 2016 12:00am

Morocco signs deal with Ethiopia on mega fertilizer plant

Morocco signed an agreement Saturday with Ethiopia to build a giant fertilizer unit aimed at making Addis Ababa self-reliant in fertiliser by 2025. The announcement was made as Morocco's King Mohammed was in the Horn of Africa nation on a visit aimed at s

Published 20 Nov, 2016 12:00am

Oil may rise to $55 if all producers cooperate: Iran

Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming Opec meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-Opec producers cooperate. "We are receiving positive signals that increas

Published 20 Nov, 2016 12:00am

Russian parliament approves draft austerity budget

Russia's parliament on Friday approved a first reading of a budget that would cut spending in key sectors, a move that has sparked fears it could cripple the nascent recovery. The 2017-2019 budget was approved by a 334-to-100 vote in the State Duma. It mu

Published 20 Nov, 2016 12:00am

Unpaid teachers clash with police in Iraq city

Teachers and activists clashed with security forces in a city in Iraq's autonomous Kurdish region Saturday during a protest over unpaid salaries. The more than 5,000 people had gathered in front of the education ministry building in Sulaimaniyah and march

Published 20 Nov, 2016 12:00am

US trade tsar warns scrapping TPP carries 'serious costs'

US Trade Representative Michael Froman warned of "serious" strategic and economic costs from scrapping a major trans-Pacific trade deal Friday, as proponents lobbied hard to overcome president-elect Donald Trump's opposition. Acknowledging that the fate o

Published 20 Nov, 2016 12:00am

Facebook authorises $6 billion share buyback

Facebook's board of directors on Friday authorized spending as much as $6 billion to buy back shares in the leading social network. The stock repurchase program would go into effect at the start of next year, potentially allowing Facebook to take advantag

Published 20 Nov, 2016 12:00am

Facebook authorises $6 billion share buyback

Facebook's board of directors on Friday authorized spending as much as $6 billion to buy back shares in the leading social network. The stock repurchase program would go into effect at the start of next year, potentially allowing Facebook to take advantag

Published 20 Nov, 2016 12:00am

Glencore seeks $550 million to raise stakes in Kurdish oil game

Glencore is seeking to raise $550 million from investors via a debt issue guaranteed by oil from Iraqi Kurdistan in an attempt to secure a big slice of the high-risk - and high-reward - market in a region at war with Islamic State. Kurdish oil has been ta

Published 20 Nov, 2016 12:00am

Currency

IMF sees stability in Sri Lanka's macroeconomic, financial conditions

The International Monetary Fund (IMF) on Saturday said Sri Lanka's macroeconomic and financial conditions have begun to stabilize and the island nation's performance under its $1.5 billion loan programme is satisfactory. The global lender, after completin

Published 20 Nov, 2016 12:00am

Japan's Abe to visit Argentina to boost trade

Japan's Prime Minister Shinzo Abe will make an official visit to Argentina on Monday hoping to boost investment in the Latin American nation, officials said. It is the first visit to Argentina by a Japanese prime minister in 57 years - the last was by Abe

Published 20 Nov, 2016 12:00am

J.P Morgan has clutch of CEO understudies, people guessing on winner

J.P. Morgan Chase & Co is once again facing questions about who will succeed its larger-than-life chief executive after Jamie Dimon was courted by the incoming US president for the role of Treasury secretary. Dimon, 60, has been running the largest US ban

Published 20 Nov, 2016 12:00am

IMF team leaves Ukraine without new loan promise

The International Monetary Fund said Friday its team had ended a visit to Kiev without seeing sufficient economic restructuring progress to release a new loan to Ukraine this year. The impoverished and war-scarred former Soviet republic had been hoping to

Published 20 Nov, 2016 12:00am

Qatar Insurance considers capital-boosting bond

Qatar Insurance Co (QIC) plans a bond issue to boost its capital reserves, sources familiar with the matter told Reuters on Thursday. It would be the first perpetual bond to be issued by the insurance sector in the Gulf. Qatar's largest insurer by market

Published 20 Nov, 2016 12:00am

Qatar Insurance considers capital-boosting bond

Qatar Insurance Co (QIC) plans a bond issue to boost its capital reserves, sources familiar with the matter told Reuters on Thursday. It would be the first perpetual bond to be issued by the insurance sector in the Gulf. Qatar's largest insurer by market

Published 20 Nov, 2016 12:00am

Bank of Cyprus says ready for London listing

Bank of Cyprus, the east Mediterranean island's largest lender, said on Tuesday it would apply for a listing on the London Stock Exchange as part of its restructuring drive. "We are delighted to be applying for a listing on the London Stock Exchange, whic

Published 20 Nov, 2016 12:00am

Bank of Cyprus says ready for London listing

Bank of Cyprus, the east Mediterranean island's largest lender, said on Tuesday it would apply for a listing on the London Stock Exchange as part of its restructuring drive. "We are delighted to be applying for a listing on the London Stock Exchange, whic

Published 20 Nov, 2016 12:00am

Big-name investors remained bearish on financials heading into US election

Several big-name hedge fund investors remained significantly underweight financial stocks at the end of the third quarter, helping sow the seeds of the rally in bank shares following Donald Trump's surprising victory in the US presidential race.

Published 20 Nov, 2016 12:00am

Big-name investors remained bearish on financials heading into US election

Several big-name hedge fund investors remained significantly underweight financial stocks at the end of the third quarter, helping sow the seeds of the rally in bank shares following Donald Trump's surprising victory in the US presidential race.

Published 20 Nov, 2016 12:00am

Currency

Nigerian bond sale falls far short, investors demand higher yields

Nigeria sold far fewer bonds than it offered on Wednesday, as investors demanded higher yields from a government struggling to contain its borrowing costs. Africa's largest economy raised 39 billion naira ($128.21 million) in bonds maturing in five, 10 an

Published 20 Nov, 2016 12:00am

Currency

Nigerian bond sale falls far short, investors demand higher yields

Nigeria sold far fewer bonds than it offered on Wednesday, as investors demanded higher yields from a government struggling to contain its borrowing costs. Africa's largest economy raised 39 billion naira ($128.21 million) in bonds maturing in five, 10 an

Published 20 Nov, 2016 12:00am

Snapchat files for one of the biggest tech IPOs in years

Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest US stock market debut since 2014. The Venice, California-based company could go public as soo

Published 20 Nov, 2016 12:00am

TSX ends strong week up, led by energy and bank stocks

Canada's main stock index rose on Friday, closing out a strong week with boosts from energy and banking stocks as oil prices moved higher and investors reacted to rising bond yields. The Toronto Stock Exchange's S&P/TSX composite index settled up 37.94 po

Published 20 Nov, 2016 12:00am

Foreigners' net buying of Japan stocks hit seven-month high

Net buying of Japanese cash stocks by foreign investors hit a seven-month high in the week of November 7-11, exchange data showed, helped by expectations that the Trump Administration's policies will stoke US inflation. Foreigners bought 400.6 billion yen

Published 20 Nov, 2016 12:00am

Soros dissolves SPDR Gold trust shares in Q3, Paulson stays in

Soros Fund Management LLC dissolved its shares in the world's biggest gold exchange-traded fund in the third quarter of 2016, ahead of the US presidential election, a US Securities and Exchange Commission filing showed on Monday. By the end of September,

Published 20 Nov, 2016 12:00am

Soros dissolves SPDR Gold trust shares in Q3, Paulson stays in

Soros Fund Management LLC dissolved its shares in the world's biggest gold exchange-traded fund in the third quarter of 2016, ahead of the US presidential election, a US Securities and Exchange Commission filing showed on Monday. By the end of September,

Published 20 Nov, 2016 12:00am

Currency

India bonds defy global rout as bank note ban brings December rate cut into view

A shock move by the Indian government to withdraw over 80 percent of the country's currency in circulation has sparked a rally in bonds that could extend into late December as markets bet on a rate cut as soon as next month.

Published 20 Nov, 2016 12:00am

Currency

India bonds defy global rout as bank note ban brings December rate cut into view

A shock move by the Indian government to withdraw over 80 percent of the country's currency in circulation has sparked a rally in bonds that could extend into late December as markets bet on a rate cut as soon as next month.

Published 20 Nov, 2016 12:00am

Treasury yields hit new highs, set for biggest two-week gain since 2001

US Treasury yields rose to their highest levels of the year on Friday, spurred by technical positioning and expectations of higher inflation and interest rates after the election of Republican Donald Trump as US president. The yield on US benchmark 10-yea

Published 20 Nov, 2016 12:00am

Treasury yields hit new highs, set for biggest two-week gain since 2001

US Treasury yields rose to their highest levels of the year on Friday, spurred by technical positioning and expectations of higher inflation and interest rates after the election of Republican Donald Trump as US president. The yield on US benchmark 10-yea

Published 20 Nov, 2016 12:00am

Warren Buffett's Berkshire makes surprise US airline bet

Warren Buffett's Berkshire Hathaway Inc on Monday said it has bought shares in the four biggest US airlines: American Airlines Group Inc, Delta Air Lines Inc, Southwest Airlines Co and United Continental Holdings Inc. The investments mark an unexpected re

Published 20 Nov, 2016 12:00am

Wall Street slips, led by healthcare decline

US stocks ended lower on Friday, with healthcare stocks leading the declines, as investors cashed in on a post-election rally and waited for clarity on the next administration's policies. Wall Street equities took a breather after rising dramatically sinc

Published 20 Nov, 2016 12:00am

Currency

Canadian dollar dips

The Canadian dollar weakened slightly against its US counterpart on Friday as higher oil prices were offset by broader gains for the greenback and data showing cooler domestic core inflation. For the week, the loonie ended 0.2 percent higher. But it has f

Published 20 Nov, 2016 12:00am

Currency

African currencies week ahead: Kenyan, Ugandan shillings seen easing, Zambia's kwacha to firm

The Kenyan and Ugandan shillings are seen weakening in the week to next Thursday, while Zambia's kwacha is seen strengthening, traders said.

Published 20 Nov, 2016 12:00am

Currency

Canadian dollar dips

The Canadian dollar weakened slightly against its US counterpart on Friday as higher oil prices were offset by broader gains for the greenback and data showing cooler domestic core inflation. For the week, the loonie ended 0.2 percent higher. But it has f

Published 20 Nov, 2016 12:00am

Currency

Thai baht level is appropriate: deputy Prime Minister

The current level of Thailand's baht currency is appropriate for the economy, a deputy prime minister said on Wednesday, as it hovered near a one-month low amid volatility in global financial markets. The central bank will ensure stability in the baht, So

Published 20 Nov, 2016 12:00am

Currency

Swedish central bank eyeing e-currency

Sweden's Riksbank may launch its own e-currency becoming the first major central bank in the world to create its own virtual money as the use of cash declines, Deputy Governor Cecilia Skingsley said on Wednesday. The value of cash in circulation in Sweden

Published 20 Nov, 2016 12:00am

Currency

Singapore tests digital currency system to ease bank payments

Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency Bitcoin, the city-state's central bank chief said Wednesday. The Singapore stock exchange and eight banks will take part in the pilot project,

Published 20 Nov, 2016 12:00am

Dollar index posts biggest two-week gain in 20 months

The dollar rose to its highest level since April 2003 against a basket of currencies on Friday, marking its biggest two-week increase since March 2015 as traders piled bets on a massive dose of fiscal stimulus under a Trump US presidency. Also stoking the

Published 20 Nov, 2016 12:00am

Daily FX trading volumes dip

Daily trading in currencies dipped to $4.92 trillion globally in October, down just over 1 percent from September but still up from $4.64 trillion in the same month a year ago, data from settlement system CLS showed on Tuesday. The average daily input vol

Published 20 Nov, 2016 12:00am

Currency

US dollar net longs fall in latest week

Speculators reduced positive bets on the US dollar as profit taking reduced net longs after they had risen seven straight weeks, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the

Published 20 Nov, 2016 12:00am

Currency

Nigeria's naira expected to trade almost 13 percent weaker in a year

Nigeria's naira will trade almost 13 percent weaker in a year's time amid concerns the Central Bank of Nigeria has not done enough to restore investor confidence, according to a Reuters poll on Friday. Last month, the bank left its benchmark rate at 14 pe

Published 20 Nov, 2016 12:00am

Currency

Mexican peso extends losses on Trump woes

The Mexican peso and other Latin American currencies weakened on Friday, as investors worried that higher US interest rates could sap demand for emerging market assets. The peso lost nearly 1 percent to the dollar to close at 20.63. On Thursday, Mexico's

Published 20 Nov, 2016 12:00am

Malaysia intervenes to help sagging ringgit

Malaysia's central bank is intervening in markets to support the beleaguered ringgit, an official said on Friday, as regional authorities grapple with a surging dollar. Bank Negara Malaysia Assistant Governor Adnan Zaylani replied "Yes" when asked by repo

Published 20 Nov, 2016 12:00am

Currency

Egypt says happy with impact of currency float, inflows surging

Egyptian authorities are happy with financial market movements since they floated the pound, and inflows of foreign exchange into the banking system are surging, deputy finance minister Ahmed Kouchouk said on Wednesday. The Egyptian pound fell to near 18

Published 20 Nov, 2016 12:00am

Trump's 'Versailles' home unveiled in TV show

What President-elect Donald Trump calls home is a cavernous building in midtown Manhattan which is decked out with marble floors, goldleaf furniture and finishes, crystal chandeliers and Greek columns. In a rare inside look into the billionaire real estat

Published 20 Nov, 2016 12:00am

15 missing in Indonesia boat accident

At least 15 people are missing after a speedboat collided with a Vietnamese cargo vessel Saturday and capsized in the Java Sea, according to an official. The passenger boat was ferrying 27 people some 50 kilometre off the coast of Tuban, a small town in E

Published 20 Nov, 2016 12:00am

Sharon Jones, Grammy-nominated soul singer, dies

Sharon Jones, a fiery Grammy-nominated soul and funk singer sometimes called the "female James Brown," has died after losing a battle to pancreatic cancer. She was 60. "She was surrounded by her loved ones, including The Dap-Kings," her long-time backing

Published 20 Nov, 2016 12:00am

Russia complains after official plane escorted by Swiss fighter jets

Russia has demanded an explanation from Switzerland after two Swiss fighter jets carried out what the Swiss military said Saturday was a "routine check" of a Russian official plane in its airspace. The plane was passing over Switzerland carrying members o

Published 20 Nov, 2016 12:00am

Fresh protest urges defiant South Korea president to resign

Tens of thousands of protestors rallied in Seoul on Saturday, for the fourth in a weekly series of mass protests urging President Park Geun-Hye to resign over a corruption scandal. The demonstrations - among the largest seen in South Korea since the pro-d

Published 20 Nov, 2016 12:00am

Two Swedish journalists detained in Turkey

Police on Saturday detained two Swedish TV journalists in the sensitive Kurdish-majority province of Diyarbakir in southeastern Turkey after they filmed near a military zone, a local news agency reported. Swedish public broadcaster SVT however reported th

Published 20 Nov, 2016 12:00am

Seven migrant workers dead in Russian blaze

Seven construction workers from Tajikistan died in western Siberia Saturday when the shipping container they used as a home at a building site caught fire, officials said. "Seven people died, while three were poisoned by the fumes and hospitalised," the e

Published 20 Nov, 2016 12:00am

France 'illegally' deporting minors to Italy

France has illegally expelled a number of minors and dozens of adults to Italy, rights groups and a lawyers' union said on Saturday. The expulsions occurred after a group of youngsters requested protection and access to child services in Breil-sur-Roya, a

Published 20 Nov, 2016 12:00am

UK lawmakers approve 'most sweeping' surveillance powers

The British parliament this week gave the green light to new bulk surveillance powers for police and intelligence services that critics have denounced as the most far-reaching of any western democracy. The Investigatory Powers Bill would, among other meas

Published 20 Nov, 2016 12:00am

Jailed Kosovo activist committed suicide

An autopsy on the body of a Kosovo opposition activist who died in prison found that he committed suicide, authorities in the Balkan nation said, after his death drew protesters onto the streets. Medical student Astrit Dehari, 26, died in jail earlier thi

Published 20 Nov, 2016 12:00am

Thousands protest in Poland against education reforms

Tens of thousands of teachers from all over Poland protested in Warsaw on Saturday against education reforms proposed by the right-wing government that critics say could see thousands of jobs slashed. The demonstrators are also concerned over proposed cha

Published 20 Nov, 2016 12:00am

'Catastrophic day' as Syria regime pounds rebel Aleppo

Intense government air strikes and artillery fire killed at least 27 people on Saturday in rebel-held parts of Syria's Aleppo, where hospitals have been destroyed and schools forced to close. An AFP correspondent described relentless bombardment with air

Published 20 Nov, 2016 12:00am

Norway expects up to 15 developments plans from oil firms

Oil firms are expected to submit up to 15 development plans for oil and gas fields off Norway over the next two years, the head of the Norwegian Petroleum Directorate told Reuters on Monday. Oil firms worldwide have been slashing investments, jobs and pro

Published 20 Nov, 2016 12:00am

India raises 2017 local wheat purchase price

The Indian government has decided to raise the price at which it will buy new-season wheat from domestic farmers in 2017 by 100 rupees, a senior government official told reporters on Tuesday after a meeting of the federal cabinet. The official, who declin

Published 20 Nov, 2016 12:00am

After copper it's zinc's turn to feel the speculative Chinese heat

Last week it was copper. This week it has been zinc to feel the speculative heat emanating from China. On the London Metal Exchange (LME) benchmark three-month metal has whipsawed through a $200 per tonne range, hitting a near six-year high of $2,684.50 o

Published 20 Nov, 2016 12:00am

Copper prices hit cyclical bottom this year: fund managers

Copper reached a cyclical turning point in 2016 with mine supply growth expected to slow from next year and rising prices likely supported by a fragile but broader-based recovery in China's economy, fund managers said on Thursday. "If we think next year w

Published 20 Nov, 2016 12:00am

Big chill: early winter stokes North Asian appetite for oil, coal, gas

Power plants across North Asia are running at full tilt as the region braces for the early onset of winter, underpinning prices for the coal, gas and oil they need to churn out electricity. Commodity market analysts blame the La Nina weather pattern for t

Published 20 Nov, 2016 12:00am

ICE December white sugar delivery largest in nine years

The expiry of the ICE December white sugar contract saw the largest delivery in more than nine years with 535,850 tonnes tendered, exchange data showed on Wednesday. The bulk of the sugar, 404,250 tonnes, was tendered with a load port of Jebel Ali in the

Published 20 Nov, 2016 12:00am

Cotton

Cotton slips on profit-taking, marks best week since mid-October

Cotton futures edged lower on Friday on profit-taking, snapping a four-day rally one day after the market had touched its highest point in more than three months amid a stronger dollar. The March cotton contract on ICE Futures US, however, registered its

Published 20 Nov, 2016 12:00am

Codelco's Chuquicamata copper mines in Chile aim to tamp down costs

Chilean state-owned copper miner Codelco is aiming to tamp down capital expenditures and costs at its century-old Chuquicamata mine as it transforms the globe's largest open-pit copper deposit into an underground mine. World No 1 copper producer Codelco i

Published 20 Nov, 2016 12:00am

London Metal Exchange studies potential lithium contract

The London Metal Exchange is looking at lithium, ferrochrome and some minor metals as potential contracts, but the process of assessment is still in its early stages, Chief Executive Garry Jones told Reuters. "Lithium is one we are looking at, at the requ

Published 20 Nov, 2016 12:00am

Anglo boosts platinum margins after relaunching customer ties

Anglo American has boosted its platinum margins by as much as 5 percent after relaunching its customer relationships and ending an exclusive marketing contract with Johnson Matthey, CEO Mark Cutifani said on Monday. Big miners are looking for ways to add

Published 20 Nov, 2016 12:00am

China to lift grain output 10 percent by 2020, tackle rural pollution

China is aiming to increase its grain production capacity by 10 percent by 2020, even as it seeks to halt excessive use of fertiliser and pesticides and promote a more environmentally friendly farm sector. Ensuring self-sufficiency in major food crops is

Published 20 Nov, 2016 12:00am

India in driver's seat

Ravichandran Ashwin claimed five wickets while skipper Virat Kohli struck a dominant half-century to help India tighten its grip over England on the third day of the second Test in Visakhapatnam on Saturday. India, who dismissed England for 255 in the fir

Published 20 Nov, 2016 12:00am

Zimbabwe salvage tie in thriller with West Indies

Shai Hope hit his maiden one-day international century but the West Indies could only stutter to a dramatic tie in a triangular series clash with Zimbabwe in Bulawayo on Saturday. With Hope scoring 101 in just his second ODI the West Indies were well on t

Published 20 Nov, 2016 12:00am

Treet Polo Cup final today

Wi-Tribe Shahsawars will vie against Guard Group in the main final of the Treet Polo Cup 2016 while Rijas will take on Sukhchan in the subsidiary final on Sunday (today) here at the Lahore Polo Club (LPC) ground. The chief guest of the prestigious final w

Published 20 Nov, 2016 12:00am

PCB pays tributes to Azhar Hussain Jafri

Pakistan Cricket Board (PCB) Chairman Shaharyar M. Khan, Chairman Executive Committee Najam Sethi and Chief Operating Officer Subhan Ahmad have offered their heartfelt condolences on the sad demise of Azhar Hussain Jafri, senior photojournalist, also awar

Published 20 Nov, 2016 12:00am

FIFA threatens legal action against Kuwait

World football body FIFA has joined the International Olympic Committee in threatening legal action against Kuwait over the government takeover of sporting bodies, according to a letter obtained by AFP. The letter from FIFA secretary general Fatma Samoura

Published 20 Nov, 2016 12:00am

Misfiring Liverpool held in Southampton stalemate

Premier League leaders Liverpool missed a chance to burnish their title credentials as they were held to a 0-0 draw at Southampton on Saturday. Jurgen Klopp's men had the majority of possession, but Southampton goalkeeper Fraser Forster denied his former

Published 20 Nov, 2016 12:00am

Defoe hits milestone in Sunderland win

Jermain Defoe scored his 150th Premier League goal on Saturday as Sunderland climbed off the foot of the table with a 3-0 win over fellow strugglers Hull City, in a match held up by floodlight failure. The former England striker fired Sunderland ahead on

Published 20 Nov, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 12	278
USD PKR Interbank Buying / Nov 12	277.75
USD to Japanese Yen / Nov 13	154.83
USD to Swiss Franc / Nov 13	0.88
Pound Sterling to USD / Nov 13	1.27
Euro to USD / Nov 13	1.06

Stock	Volume
S&P 500 / Nov 12	5,983.99
India Sensex / Nov 12	78,675.18
Tokyo Nikkei / Nov 12	38,980.49
Nasdaq / Nov 12	19,281.40
Hang Seng / Nov 12	19,734.39
FTSE 100 / Nov 12	8,025.77
Dow Jones / Nov 12	43,910.98
Germany DAX 30 / Nov 12	19,033.64

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 12	18,085
Gold 10 Grams PKR / Nov 12	231,911
Petrol/Litre / Nov 13	248.38
Crude Oil USD/Barrel / Nov 13	68.31
Gold Spot USD/Ounce / Nov 13	2,611.56
Diesel/Litre / Nov 13	255.14

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.55 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	64.90 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	114.51 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	996.67 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.55 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	64.90 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	114.51 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	996.67 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
Pak Int.Bulk / Nov 13 Pakistan International Bulk Terminal(PIBTL)	79,861,776 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	71,760,455 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	56,364,168 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	45,537,793 ▲ 0.00
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	40,139,141 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	37,703,615 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	28,322,891 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	18,433,912 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	17,718,419 ▲ 0.00

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