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Print - 2016-11-29
TSX falls

TSX falls

Canada's main stock index fell on Monday as railroad, energy and financial names lost ground, offsetting gains for the materials group as base and precious metals prices rose. At 10:53 am EST (1553 GMT), the Toronto Stock Exchange's S&P/TSX composite inde
Published 29 Nov, 2016 12:00am
European shares fall, banks knocked by Italy jitters

European shares fall, banks knocked by Italy jitters

European shares fell on Monday, weighed down by a drop in banks which were led lower by Italian lenders which hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi. The pan-European STOXX Euro
Published 29 Nov, 2016 12:00am
Bluechips lead China stocks to a fresh 11-month high

Bluechips lead China stocks to a fresh 11-month high

China's blue-chip CIS300 Index rose for the sixth straight session, with upbeat industrial profit data strengthening belief that the Chinese economy has bottomed out, making risk assets such as equities more attractive than bonds. The bluechip CSI300 inde
Published 29 Nov, 2016 12:00am
Indian shares up

Indian shares up

Indian shares edged up on Monday with lenders being the biggest drag after the central bank unexpectedly ordered banks to deposit their extra cash with it, although overall sentiment was upbeat as Asian shares advanced. The Reserve Bank of India on Saturd
Published 29 Nov, 2016 12:00am
Southeast Asian stocks subdued

Southeast Asian stocks subdued

Vietnam stocks ended 1.6 percent lower on Monday, hurt by consumer staples and financials on foreign selling while other Southeast Asian markets were largely subdued as weaker oil prices weighed. "We have seen persistent foreign selling in index (stocks)
Published 29 Nov, 2016 12:00am
Hong Kong stocks surge

Hong Kong stocks surge

Hong Kong's stock market climbed to the highest closing level in nearly three weeks on Monday, with small-caps rising sharply in response to regulators announcing that a trading link between Hong Kong and Shenzhen will launch on December 5. Sentiment was
Published 29 Nov, 2016 12:00am
Tokyo's Nikkei index ends down
Currency

Tokyo's Nikkei index ends down

Tokyo's benchmark stock index closed lower on Monday, snapping a seven-day winning streak with exporters hit by a stronger yen and energy firms tumbling on lower oil prices. The Organization of the Petroleum Exporting Countries (Opec) will meet in Vienna
Published 29 Nov, 2016 12:00am
Sri Lankan shares hit near eight-month low

Sri Lankan shares hit near eight-month low

Sri Lankan shares fell on Monday to a near eight-month low, ahead of central bank policy rate announcement as investors kept to the sidelines amid concerns over budget tax proposals including revisions in corporate and withholding taxes. Analysts said inv
Published 29 Nov, 2016 12:00am
Second-tier stocks boost Saudi index, foreign money supports Egypt

Second-tier stocks boost Saudi index, foreign money supports Egypt

Strength in second-tier stocks favoured by local retail investors boosted Saudi Arabia's stock market on Monday, while foreign buying helped Egypt partially rebound from a drop on Sunday and most other Middle East bourses fell. Saudi Arabia's index climbe
Published 29 Nov, 2016 12:00am
WTO calls US state's Boeing subsidies illegal in win for EU

WTO calls US state's Boeing subsidies illegal in win for EU

Subsidies given by the US state of Washington to Boeing are illegal, the World Trade Organization said Monday, in a victory for rival aircraft maker Airbus and the European Union. The ruling from a WTO panel is the latest blow in a drawn out trans-Atlanti
Published 29 Nov, 2016 12:00am
OECD sees resurgent US growth boosting global economy

OECD sees resurgent US growth boosting global economy

Global growth will pick up faster than previously expected in the coming months as the Trump administration's planned tax cuts and public spending fire up the US economy, the OECD said on Monday, revising up its forecasts. In its twice-yearly Economic Out
Published 29 Nov, 2016 12:00am
Iraqi firms protest over unpaid government contracts

Iraqi firms protest over unpaid government contracts

Hundreds of Iraqi contractors gathered outside the finance ministry in Baghdad on Monday to protest over unpaid deals with the government. "We came from all over the country. We did our job but we never got paid and now we owe our own suppliers," Thaer Al
Published 29 Nov, 2016 12:00am
US shoppers spend less over holiday weekend amid discounting

US shoppers spend less over holiday weekend amid discounting

Early holiday promotions and a belief that deals will always be available took a toll on consumer spending over the Thanksgiving weekend as shoppers spent an average of 3.5 percent less than a year ago, the National Retail Federation said on Sunday. The N
Published 29 Nov, 2016 12:00am
China will stick to 'going out' strategy amid outflow concerns
Currency

China will stick to 'going out' strategy amid outflow concerns

China said on Monday it will stick to its opening up policy and "going out" strategy on investment even while a slide in the yuan to 8-1/2-year lows revives worries about capital fleeing the country. Officials from the National Development and Reform Comm
Published 29 Nov, 2016 12:00am
Tata Steel inks deal for talks on UK asset sale
Currency

Tata Steel inks deal for talks on UK asset sale

India's Tata Steel said on Monday that it has agreed to start exclusive talks for the sale of its speciality steel assets to metal processing firm Liberty House. The unit, which has activities mostly in Britain but also in China, employs 1,700 people and
Published 29 Nov, 2016 12:00am
BIS urges Basel regulators to keep nerve on bank capital rules

BIS urges Basel regulators to keep nerve on bank capital rules

Regulators should complete work on their new bank capital rules without diluting them, otherwise it would be harder to draw a line under the financial crisis, a global central banking official said on Monday. Claudio Borio, head of the monetary and econom
Published 29 Nov, 2016 12:00am
Eurozone loan growth creeps up in October
Currency

Eurozone loan growth creeps up in October

Growth in borrowing by businesses and households in the eurozone picked up only slightly in October, the European Central Bank said Monday, firming up analysts' expectations it will extend monetary easing next week. ECB policies are aimed at boosting grow
Published 29 Nov, 2016 12:00am
European feeds: soyaoil little changed due to lack of leads

European feeds: soyaoil little changed due to lack of leads

Soyameal offers on the European meals and feeds market were in a tight range on Friday in the absence of direction from Chicago markets after the Thanksgiving holiday on Thursday. "The market overall was quiet as buyers still believe Chicago is overbought
Published 29 Nov, 2016 12:00am
Activities of Karachi and Port Qasim

Activities of Karachi and Port Qasim

The Karachi Port handled 149,340 tonnes of cargo comprising 83,575 tonnes of import cargo and 65,765 tonnes of export cargo including 3,884 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 83,5
Published 29 Nov, 2016 12:00am
China's October net gold imports hit three-month high

China's October net gold imports hit three-month high

Top consumer China's net gold imports via main conduit Hong Kong rose 15.8 percent in October to the highest in three months, data showed on Thursday, as the price of the metal touched a four-month low during that month. Spot gold extended losses in Octob
Published 29 Nov, 2016 12:00am
Palm oil firmer on European vegoils market
Currency

Palm oil firmer on European vegoils market

Palm oil offers on the European vegetable oils market were slightly firmer on Friday on the back of stronger Malaysian palm oil futures due to a weaker ringgit and expectations of lower production. Palm oil was offered between $2.50 a tonne down and $5 up
Published 29 Nov, 2016 12:00am
US Midwest soya bids mostly unchanged

US Midwest soya bids mostly unchanged

Spot basis bids for soyabeans were mostly unchanged in the US Midwest on Friday afternoon, despite active farmer sales, grain merchants said. Soya basis bids declined by 2 cents per bushel at an Iowa processor. Strong export and easing dollar pushed soyab
Published 29 Nov, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday, touching a 6-1/2 month high on spillover support from strong soyabean prices, and notched a weekly gain. Attractive crush margins stoked commercial interest, but farmer selling to the cash pipeline limited gains
Published 29 Nov, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,001. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 7.66 billion and the number of lots traded was 21,270. Major business was contributed by curr
Published 29 Nov, 2016 12:00am
Cotton marker: prices soar on strong demand
Cotton

Cotton marker: prices soar on strong demand

Prices soared on the cotton market on Monday in the process of trading, dealer said. The official spot rate was higher by Rs 150 to Rs 6300, they said. In Sindh, seed cotton prices were at Rs 2400-3200, they said. In Punjab, phutti rates were at Rs 2800 a
Published 29 Nov, 2016 12:00am
EU wheat prices mostly little changed

EU wheat prices mostly little changed

Western European wheat prices were mostly little changed on Friday as traders made technical adjustments during a holiday lull on US grain markets. Rapeseed futures in Europe again showed sharper movements as a slide in crude oil encouraged rapeseed to pu
Published 29 Nov, 2016 12:00am
US natural gas futures rise to four-week high

US natural gas futures rise to four-week high

US natural gas futures climbed about two percent amid December options expiry on Friday to touch a near four-week high, following through from their gains on Wednesday despite forecasts for above-normal temperatures the next couple of weeks. Front-month g
Published 29 Nov, 2016 12:00am
China's October coal imports up
Currency

China's October coal imports up

China's coal imports from North Korea rose in October after falling more than a quarter in September from the previous month amid a push from the United States to punish North Korea for its recent nuclear test. Coal imports from North Korea climbed 1.22 p
Published 29 Nov, 2016 12:00am
US FOB Gulf soya, corn offers unchanged

US FOB Gulf soya, corn offers unchanged

Export premiums for soyabeans and corn shipped from the US Gulf Coast were flat on Friday, stabilising after declining earlier this week in light trading following Thursday's US Thanksgiving Day holiday, traders said. Many market participants still were a
Published 29 Nov, 2016 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Wheat futures on the Chicago Board of Trade fell on Friday, led by the spot December contract in a shortened session following the US Thanksgiving holiday. CBOT December wheat settled down 5-3/4 cents at $3.95-3/4 per bushel, losing to back months on spre
Published 29 Nov, 2016 12:00am
China's October sugar imports drop 70 percent

China's October sugar imports drop 70 percent

China's October sugar imports dropped around 70 percent from the year before to their lowest level since February at 110,000 tonnes, as high global prices curbed purchases. That was also down sharply on arrivals of 500,000 tonnes in the previous month, cu
Published 29 Nov, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot cash basis bids for hard red winter (HRW) wheat were flat in the southern US Plains on Friday and farmer selling was quiet following the Thanksgiving holiday, dealers said. Premiums for wheat shipped to and through Kansas City were unchanged. The US
Published 29 Nov, 2016 12:00am
EU exports 9.4 million tonnes of soft wheat this week

EU exports 9.4 million tonnes of soft wheat this week

The European Union exported 481,000 tonnes of soft wheat in the week to November 22, taking the total so far in the 2016/17 season that started on July 1 to 9.4 million tonnes, official data showed on Thursday. The cumulative volume so far in 2016/17 was
Published 29 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Nov, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 29 Nov, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 29 Nov, 2016 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (November 28, 2016).
Published 29 Nov, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
Commanders pay tributes to outgoing CoAS

Commanders pay tributes to outgoing CoAS

General Raheel Sharif, the CoAS, chaired a farewell Corps Commanders Conference at GHQ yesterday. The Conference was attended by General Qamar Javed Bajwa, the CoAS-designate, Corps Commanders and Principal Staff Officers. During the meeting, the corps co
Published 29 Nov, 2016 12:00am
Textile package: procedure for payment of DLTL unveiled

Textile package: procedure for payment of DLTL unveiled

The federal government has announced the procedure for providing drawback of local taxes and levies, under the textile package announced in the budget FY17, to exporters that have enhanced exports by 10 percent in FY15 compared to FY14.
Published 29 Nov, 2016 12:00am
Textile package: procedure for payment of DLTL unveiled

Textile package: procedure for payment of DLTL unveiled

The federal government has announced the procedure for providing drawback of local taxes and levies, under the textile package announced in the budget FY17, to exporters that have enhanced exports by 10 percent in FY15 compared to FY14.
Published 29 Nov, 2016 12:00am
Textile package: procedure for payment of DLTL unveiled

Textile package: procedure for payment of DLTL unveiled

The federal government has announced the procedure for providing drawback of local taxes and levies, under the textile package announced in the budget FY17, to exporters that have enhanced exports by 10 percent in FY15 compared to FY14.
Published 29 Nov, 2016 12:00am
THE RUPEE: bears persist
Currency

THE RUPEE: bears persist

An easier trend persisted on the local currency market on Monday, dealers said. The rupee moved in a narrow range in relation to the greenback for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
Published 29 Nov, 2016 12:00am
Turkmenistan opens first rail link with Afghanistan

Turkmenistan opens first rail link with Afghanistan

Asian neighbours Turkmenistan and Afghanistan on Monday opened the first section of a $2 billion link connecting their two countries by rail for the first time and set to extend to Tajikistan. Turkmenistan's President Gurbanguly Berdymukhamedov and his Af
Published 29 Nov, 2016 12:00am
THE RUPEE: bears persist
Currency

THE RUPEE: bears persist

An easier trend persisted on the local currency market on Monday, dealers said. The rupee moved in a narrow range in relation to the greenback for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
Published 29 Nov, 2016 12:00am
Turkmenistan opens first rail link with Afghanistan

Turkmenistan opens first rail link with Afghanistan

Asian neighbours Turkmenistan and Afghanistan on Monday opened the first section of a $2 billion link connecting their two countries by rail for the first time and set to extend to Tajikistan. Turkmenistan's President Gurbanguly Berdymukhamedov and his Af
Published 29 Nov, 2016 12:00am
Turkmenistan opens first rail link with Afghanistan

Turkmenistan opens first rail link with Afghanistan

Asian neighbours Turkmenistan and Afghanistan on Monday opened the first section of a $2 billion link connecting their two countries by rail for the first time and set to extend to Tajikistan. Turkmenistan''s President Gurbanguly Berdymukhamedov and his A
Published 29 Nov, 2016 12:00am
China's October industrial profits get boost from raw material sectors

China's October industrial profits get boost from raw material sectors

Profit growth in China's industrial sector picked up in October, aided by stronger sales and higher prices, suggesting further strengthening of the world's second-largest economy, though growth was skewed towards high-polluting heavy industry. There has b
Published 29 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
PM's flight: government paid Rs 29.765 million

PM's flight: government paid Rs 29.765 million

The government paid Rs 29.765 million from the national exchequer in July 2016 to bring Prime Minister Nawaz Sharif back from London through a special chartered plane after his medical treatment. Minister for Parliamentary Affairs Sheikh Aftab informed th
Published 29 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
Trump claims 'serious' fraud, says millions voted illegally

Trump claims 'serious' fraud, says millions voted illegally

President-elect Donald Trump made unsubstantiated claims Sunday of serious US voter fraud and said "millions of people" had cast their ballots illegally, offering no evidence for the assertions he put forth on Twitter. Trump's shock path to the White Hous
Published 29 Nov, 2016 12:00am
Tens of thousands protest against India cash ban
Currency

Tens of thousands protest against India cash ban

Tens of thousands of people turned out Monday for nation-wide protests against India''''s controversial ban on high-value banknotes, which opposition party organisers say has caused a "financial emergency". India is still reeling from Prime Minister Naren
Published 29 Nov, 2016 12:00am
Trump claims 'serious' fraud, says millions voted illegally

Trump claims 'serious' fraud, says millions voted illegally

President-elect Donald Trump made unsubstantiated claims Sunday of serious US voter fraud and said "millions of people" had cast their ballots illegally, offering no evidence for the assertions he put forth on Twitter. Trump's shock path to the White Hous
Published 29 Nov, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (November 28, 2016)

Published 29 Nov, 2016 12:00am
PBA, APNS condemn Pemra's action

PBA, APNS condemn Pemra's action

As a regulator, Pemra's responsibility is to promote media and to regulate it. This requires a balancing act, where regulator must carefully calibrate the penalties that the law has provided. Pemra has taken the drastic step of shutting down two member ch
Published 29 Nov, 2016 12:00am