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Print - 2017-03-29
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Mar, 2017 12:00am
Scottish lawmakers back independence on eve of Brexit

Scottish lawmakers back independence on eve of Brexit

Scotland's parliament voted Tuesday to back First Minister Nicola Sturgeon's call for a second independence referendum, another headache for Prime Minister Theresa May as she battles to keep the country united just a day before triggering Brexit. The vote
Published 29 Mar, 2017 12:00am
Earnings, deal talk drive European share rebound, DAX stands out

Earnings, deal talk drive European share rebound, DAX stands out

European shares staged a recovery on Tuesday, lifted by strong results and the prospect of deal-making. The STOXX 600 ended up 0.6 percent, with rumours of stake sales moving individual stocks, while criticism of Tesco's take-over of Booker dented the who
Published 29 Mar, 2017 12:00am
Scottish lawmakers back independence on eve of Brexit

Scottish lawmakers back independence on eve of Brexit

Scotland's parliament voted Tuesday to back First Minister Nicola Sturgeon's call for a second independence referendum, another headache for Prime Minister Theresa May as she battles to keep the country united just a day before triggering Brexit. The vote
Published 29 Mar, 2017 12:00am
Australian shares post near two-year high

Australian shares post near two-year high

Australian shares closed at their highest in nearly two years on Tuesday, buoyed by a rally in financials with the recent round of mortgage rate hikes driving bullish sentiment across the banking sector. The S&P/ASX 200 index climbed 1.3 percent, or 74.5
Published 29 Mar, 2017 12:00am
Cotton little changed ahead of crop plantation report
Cotton

Cotton little changed ahead of crop plantation report

ICE cotton futures held nearly flat on Tuesday as market participants remained cautious ahead of a federal acreage report due later this week. The market is likely to stay quiet until the crop plantation report is out, according to Rogers Varner, presiden
Published 29 Mar, 2017 12:00am
Southeast Asian stocks mostly recover

Southeast Asian stocks mostly recover

Most Southeast Asian stock markets ended higher on Tuesday as investors pinned their hopes on US President Donald Trump's stimulus plans after the healthcare policy setback. While Trump's failure late last week to garner enough support for a plan to repea
Published 29 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Mar, 2017 12:00am
Oil jumps on Libyan disruption, OPEC deal extension hopes

Oil jumps on Libyan disruption, OPEC deal extension hopes

Oil prices rose as much as 2 percent on Tuesday after a severe disruption to Libyan oil supplies and as officials suggested OPEC and other producing countries could extend an output cuts deal to the end of the year. Armed factions have blocked production
Published 29 Mar, 2017 12:00am
FTSE climbs back led by miners, banks; Wolseley surges

FTSE climbs back led by miners, banks; Wolseley surges

Britain's top share index climbed back on Tuesday, underpinned by a recovery in miners and banks as well as a surge in Wolseley's shares following strong results. The FTSE 100 ended up 0.7 percent, boosted late in the session by a reversal into positive t
Published 29 Mar, 2017 12:00am
Arabica coffee hovers above three-month low

Arabica coffee hovers above three-month low

Coffee futures on ICE eased on Tuesday, with arabica prices hovering above a three-month trough and robusta easing slightly after the prior session's rally, while sugar and cocoa meandered lower with no new fundamentals to give direction. The soft commodi
Published 29 Mar, 2017 12:00am
Dollar nurses losses in Asian trade
Currency

Dollar nurses losses in Asian trade

The dollar limped off multi-month lows against major peers on Tuesday, with much of the lift from the "Trump trade" now gone. The greenback had taken a beating as market participants saw the prospects for a US fiscal spending boost from President Donald T
Published 29 Mar, 2017 12:00am
Dollar steadies in European trade

Dollar steadies in European trade

The dollar steadied on Tuesday after its worst week since US President Donald Trump's election in November, promises of more rises in Federal Reserve interest rates this year helping it recover from multi-month lows in still shaky global markets. A dip in
Published 29 Mar, 2017 12:00am
Early trade in NY: Dollar steadies above four-month lows
Currency

Early trade in NY: Dollar steadies above four-month lows

The dollar steadied broadly on Tuesday, hovering above 4-month lows, as a general risk-off mood in currency markets offset comments from Federal Reserve officials that suggested the US central bank was poised to continue its rate-hike cycle.
Published 29 Mar, 2017 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Tuesday due to dollar demand from a state bank to cover import bills. Rupee forwards were active, with two-week forwards ending at 152.70/80 per dollar, compared with Monday's close of 152.65/75. "There was some sellin
Published 29 Mar, 2017 12:00am
Most emerging Asian currencies lower
Currency

Most emerging Asian currencies lower

Most emerging Asian currencies on Tuesday fell from multi-month highs the previous day as the dollar gained back a bit of strength and traders took profits on regional units. The dollar recovered from a four-month-low as anxiety over Donald Trump's setbac
Published 29 Mar, 2017 12:00am
Canadian dollar little changed

Canadian dollar little changed

The Canadian dollar was little changed on Monday against its US counterpart as lower oil prices offset broadbased losses for the greenback, while investors braced for a speech by Bank of Canada Governor Stephen Poloz. Poloz is likely to be asked about the
Published 29 Mar, 2017 12:00am
Britain's pound steady on eve of Brexit trigger
Currency

Britain's pound steady on eve of Brexit trigger

Currency traders showed little sign of heightened nerves on Tuesday ahead of Britain's formal launch of negotiations on leaving the European Union. British Prime Minister Theresa May will trigger Article 50 of the EU's Lisbon Treaty with a formal notifica
Published 29 Mar, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 79.66-79.67 (previous 79.65-79.65).
Published 29 Mar, 2017 12:00am
China's yuan falls

China's yuan falls

China's yuan weakened against the US dollar on Tuesday after the greenback clawed back from multi-month lows, while borrowing costs in the interbank market remained elevated as liquidity tightened heading into the end of quarter. The People's Bank of Chin
Published 29 Mar, 2017 12:00am
US Consul General appreciates female field hockey event

US Consul General appreciates female field hockey event

The Consul General, Grace Shelton, welcomed 60 girls aged 14-20 from Olympian Islahuddin-Dr Shah Hockey Academy and the English Access micro-scholarship program to a female field hockey event at the Old Consul General Residence. The event included a mini-
Published 29 Mar, 2017 12:00am
Rain washes out second ODI of Sri Lanka-Bangladesh

Rain washes out second ODI of Sri Lanka-Bangladesh

Heavy rain washed out the second one-day international of a three-match series between Sri Lanka and Bangladesh in Dambulla on Tuesday. Bangladesh could not start their innings due to rain after bowling out Sri Lanka for 311 runs in 49.5 overs, thanks to
Published 29 Mar, 2017 12:00am
Messi banned for four Argentina games

Messi banned for four Argentina games

Barcelona star Lionel Messi was suspended for four Argentina matches by FIFA on Tuesday for swearing at an assistant referee, a ban that will see the striker miss out on decisive qualifiers for the 2018 World Cup. Messi was found guilty of "having directe
Published 29 Mar, 2017 12:00am
Iran beat China, Australia get crucial win

Iran beat China, Australia get crucial win

Iran's Mehdi Taremi dealt China's World Cup hopes a major blow on Tuesday, as Australia grabbed a crucial win over UAE to stay in the hunt for an automatic spot at Russia 2018. Japan ended Thailand's campaign with a 4-0 victory in Saitama, and South Korea
Published 29 Mar, 2017 12:00am
Yorkshire closer to securing Headingley's England future

Yorkshire closer to securing Headingley's England future

Yorkshire said Tuesday they had taken a "significant step" towards ensuring that its Headingley headquarters in Leeds, northern England continued to stage international cricket. Headingley's future as an international venue was under threat after it was r
Published 29 Mar, 2017 12:00am
India take series; Aussies no longer friends, says Kohli

India take series; Aussies no longer friends, says Kohli

Skipper Virat Kohli said Australia were no longer his friends after India wrapped up a bad-tempered Test series 2-1 with a thumping eight-wicket win in Dharamsala on Tuesday. Chasing 106 on the penultimate day of the fourth Test, opener Lokesh Rahul hit 5
Published 29 Mar, 2017 12:00am
South Africa reeling but have praise for Williamson

South Africa reeling but have praise for Williamson

South Africa paid homage to a "fabulous" Kane Williamson on Tuesday after the New Zealand captain's 176 left the Proteas on the ropes with a day to play in the deciding final Test in Hamilton. "We've got a mountain to climb," assistant coach Adrian Birrel
Published 29 Mar, 2017 12:00am
China holds military drills near restive Myanmar border

China holds military drills near restive Myanmar border

China's army held drills near its border with Myanmar on Tuesday, state media reported, in a show of strength from Beijing following weeks of clashes between ethnic rebels and Myanmar's military. Tens of thousands of people have fled to China in recent mo
Published 29 Mar, 2017 12:00am
Mali's former rebels agree to join peace conference

Mali's former rebels agree to join peace conference

Former rebels in Mali on Tuesday reversed a decision to boycott a national reconciliation conference after receiving assurances from the government, a spokesman said. The talks were agreed in a 2015 peace deal signed by Tuareg-led rebels, the government a
Published 29 Mar, 2017 12:00am
Russia and Iran ink economic deals as Rouhani visits Moscow
Currency

Russia and Iran ink economic deals as Rouhani visits Moscow

Russia signed Tuesday a string of bilateral agreements with Iran as President Vladimir Putin hosted his Iranian counterpart Hassan Rouhani for his first official visit to Moscow. The meeting between Putin and Rouhani, who have grown closer through their m
Published 29 Mar, 2017 12:00am
Treat politicians as ordinary citizens: NA panel

Treat politicians as ordinary citizens: NA panel

The National Assembly Standing Committee on Rules of Procedure and Privileges asked the State Bank officials Tuesday to direct all banks in the country to treat politicians and parliamentarians as ordinary citizens and grant them loans after following the
Published 29 Mar, 2017 12:00am
Treat politicians as ordinary citizens: NA panel

Treat politicians as ordinary citizens: NA panel

The National Assembly Standing Committee on Rules of Procedure and Privileges asked the State Bank officials Tuesday to direct all banks in the country to treat politicians and parliamentarians as ordinary citizens and grant them loans after following the
Published 29 Mar, 2017 12:00am
Reducing trade costs to promote exports

Reducing trade costs to promote exports

Pakistan is making strenuous efforts to increase its trade flows. It has automated its border clearance procedures and recently signed the WTO's Trade Facilitation Agreement (TFA). Earlier, it made some fundamental changes in its trade policy; for instanc
Published 29 Mar, 2017 12:00am
Pakistan State Oil

Pakistan State Oil

Fuelling the nation for the past many years, Pakistan State Oil Company Limited (PSX: PSO) is engaged in procurement, storage and marketing of petroleum and related products. The company also blends and markets various kinds of lubricating oils.
Published 29 Mar, 2017 12:00am
Pakistan State Oil

Pakistan State Oil

Fuelling the nation for the past many years, Pakistan State Oil Company Limited (PSX: PSO) is engaged in procurement, storage and marketing of petroleum and related products. The company also blends and markets various kinds of lubricating oils.
Published 29 Mar, 2017 12:00am
Cheap electricity needed to recapture lost markets: FCCI chief

Cheap electricity needed to recapture lost markets: FCCI chief

Engineer Ahmad Hasan, Vice President Faisalabad Chamber of Commerce and Industry (FCCI) while addressing a seminar on energy efficiency and conservation organized by the University of Engineering and Technology (UET) Lahore at FCCI, here on Tuesday has sa
Published 29 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 28, 2017).

Published 29 Mar, 2017 12:00am
Loadshedding to be over by next year, claims minister

Loadshedding to be over by next year, claims minister

Minister of State for Water and Power Abid Sher Ali claimed Tuesday that the electricity load shedding would be over by March 2018, as 4100 megawatt has already been added to the system till date and recoveries have improved by 93 percent, losses reduced
Published 29 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 28, 2017).

Published 29 Mar, 2017 12:00am
HVACR expo & conference on March 30

HVACR expo & conference on March 30

The 24th Heating, Ventilation, Air-Conditioning and Refrigeration (HVAC&R) Expo & Conference 2017 is going to be held in the provincial metropolis from March 30, 2017 to April 01, 2017 bringing all the stakeholders on one platform showcasing the latest eq
Published 29 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 28, 2017).

Published 29 Mar, 2017 12:00am
PDWP okays four uplift schemes

PDWP okays four uplift schemes

The Punjab Provincial Development Working Party approved four development schemes of various sectors with an estimated cost of Rs 7395.027 million. These schemes were approved in the 63rd meeting of Provincial Development Working Party (PDWP) of current f
Published 29 Mar, 2017 12:00am
Government urged not to allow direct wheat export

Government urged not to allow direct wheat export

Pakistan Flour Mills Association (PFMA-Punjab) has warned the government not to take any decision on wheat export without taking the flour milling sector on board, which is already facing a crisis like situation and any step of direct wheat export by the
Published 29 Mar, 2017 12:00am
Forex reserves show true picture of economy: speakers
Currency

Forex reserves show true picture of economy: speakers

Foreign exchange reserves are an important economic indicator that show the true picture of economy and draw the attention of foreign investors. Situation of FER is far better than the past but still a lot of work has to be done. Efficient mechanism and p
Published 29 Mar, 2017 12:00am
CM inaugurates e-Rozgaar training programme

CM inaugurates e-Rozgaar training programme

Chief Minister Punjab Muhammad Shahbaz Sharif on Tuesday inaugurated the e-Rozgaar training program at the Irfa Kareem Software Technology Park here Tuesday. Under this program 40 e-Rozgaar centres have been set up at 36 districts where the youngsters wil
Published 29 Mar, 2017 12:00am
NAP being fully implemented in Punjab: LHC told

NAP being fully implemented in Punjab: LHC told

The Lahore High Court has been told that the National Action Plan (NAP) is being fully implemented in Punjab. This was revealed in a report of Interior Ministry in a petition of civil Society Network through its president Abdullah Malik questing flaws in
Published 29 Mar, 2017 12:00am
PSCA to display LEDs at different locations

PSCA to display LEDs at different locations

The Punjab Safe City Authority (PSCA) has decided to display LEDs at different locations of the provincial capital to alert people about traffic congestions and alternative routes. Initially, the authority has planned to display LEDs at around 70 location
Published 29 Mar, 2017 12:00am
Five bodies recovered from River Indus

Five bodies recovered from River Indus

Five dead bodies including two sack-packed were recovered from the bank of River Indus in jurisdiction of Saddar police station. According to details on Tuesday, the locals of Dhoke Khosha and Bagh Neelab informed Saddar Police that five bodies were lying
Published 29 Mar, 2017 12:00am
Non-tax paid illicit tobacco seized in Sanghar

Non-tax paid illicit tobacco seized in Sanghar

The Federal Board of Revenue's Intelligence & Investigation - Inland Revenue Tuesday conducted a raid on a godown in district Sanghar and seized huge quantity of illicit/counterfeit and non-tax paid tobacco from the premises. It has been learnt that a tea
Published 29 Mar, 2017 12:00am
Afghan refugees' voluntary repatriation from April 3

Afghan refugees' voluntary repatriation from April 3

Voluntary repatriation of Afghan refugees will resume from the April 3. According to a spokesman of the United Nations High Commissioner for Refugees (UNHCR), the process was temporarily suspended in November last year due to winter season. A repatriation
Published 29 Mar, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 28, 2017).

Published 29 Mar, 2017 12:00am
BoI defends auto policy

BoI defends auto policy

The Board of Investment (BoI) has refused to sustain the pressure of the existing auto sector industries to amend Auto Policy, 2016. The BOI believes that the new auto policy was formulated to bring new entrants to Pakistan keeping in view the consumers'
Published 29 Mar, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 28, 2017).
Published 29 Mar, 2017 12:00am
US embassy launches entrepreneurship speaker series 2017

US embassy launches entrepreneurship speaker series 2017

The US Embassy launched its 2017 Entrepreneurship Speaker Series with the visit of American entrepreneur Rhett Power, who delivered a presentation at Islamabad Chamber of Commerce and Industry on the theme of "Do's and Don'ts of Starting a Business."
Published 29 Mar, 2017 12:00am
PSSF to provide safe learning environment at schools: Marriyam

PSSF to provide safe learning environment at schools: Marriyam

The government gives top priority to provide students with a safe and secure learning environment at schools for which introduction of Pakistan School Safety Framework (PSSF) will prove a significant step towards a secure future for students, schools and
Published 29 Mar, 2017 12:00am