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Print - 2017-08-04
Blue chips lead rally
Exchange

Blue chips lead rally

A bullish trend continued on Pakistan Stock Exchange for the fourth consecutive day Thursday. Led by blue chips in banks and oil & gas sectors, the benchmark KSE-100 index crossed 47,000-point psychological level. The index closed at 47,084.34 points with
Published 04 Aug, 2017 12:00am
Angry Trump says Russia ties at 'very dangerous low'

Angry Trump says Russia ties at 'very dangerous low'

US President Donald Trump said relations with Russia had hit an all-time and "very dangerous" low Thursday, putting the blame on Congress after he reluctantly approved sanctions against Moscow. "Our relationship with Russia is at an all-time & very danger
Published 04 Aug, 2017 12:00am
Angry Trump says Russia ties at 'very dangerous low'

Angry Trump says Russia ties at 'very dangerous low'

US President Donald Trump said relations with Russia had hit an all-time and "very dangerous" low Thursday, putting the blame on Congress after he reluctantly approved sanctions against Moscow. "Our relationship with Russia is at an all-time & very danger
Published 04 Aug, 2017 12:00am
Russia slams sanctions as ''''economic war''''

Russia slams sanctions as ''''economic war''''

Russian Prime Minister Dmitry Medvedev labelled new US sanctions "economic war", as businesses in Moscow pledged Thursday to shrug off the impact of the measures approved reluctantly by Donald Trump. The US president signed off on the new sanctions Wednes
Published 04 Aug, 2017 12:00am
Russia slams sanctions as ''economic war''

Russia slams sanctions as ''economic war''

Russian Prime Minister Dmitry Medvedev labelled new US sanctions "economic war", as businesses in Moscow pledged Thursday to shrug off the impact of the measures approved reluctantly by Donald Trump. The US president signed off on the new sanctions Wednes
Published 04 Aug, 2017 12:00am
Russia slams sanctions as 'economic war'

Russia slams sanctions as 'economic war'

Russian Prime Minister Dmitry Medvedev labelled new US sanctions "economic war", as businesses in Moscow pledged Thursday to shrug off the impact of the measures approved reluctantly by Donald Trump. The US president signed off on the new sanctions Wednes
Published 04 Aug, 2017 12:00am
Russia slams sanctions as 'economic war'

Russia slams sanctions as 'economic war'

Russian Prime Minister Dmitry Medvedev labelled new US sanctions "economic war", as businesses in Moscow pledged Thursday to shrug off the impact of the measures approved reluctantly by Donald Trump. The US president signed off on the new sanctions Wednes
Published 04 Aug, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 03, 2017).

Published 04 Aug, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 03, 2017).

Published 04 Aug, 2017 12:00am
Two Indian soldiers killed in IHK

Two Indian soldiers killed in IHK

Two Indian soldiers and two freedom fighters were killed in armed clashes on Thursday, officials said, in another day of bloodshed in held Kashmir where tensions are high following the death of a prominent militant. The freedom fighters were killed in Kul
Published 04 Aug, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 03, 2017).

Published 04 Aug, 2017 12:00am
Two Indian soldiers killed in IHK

Two Indian soldiers killed in IHK

Two Indian soldiers and two freedom fighters were killed in armed clashes on Thursday, officials said, in another day of bloodshed in held Kashmir where tensions are high following the death of a prominent militant. The freedom fighters were killed in Kul
Published 04 Aug, 2017 12:00am
CPEC projects: power purchasers to pay special security cost
Exchange

CPEC projects: power purchasers to pay special security cost

While backtracking from its earlier stance, the National Electric Power Regulatory Authority (Nepra) has decided to allow 1 percent capital cost of the project reduced by $ 150,000 per annum (subject to 3 percent indexation for each year after the first y
Published 04 Aug, 2017 12:00am
CPEC projects: power purchasers to pay special security cost
Exchange

CPEC projects: power purchasers to pay special security cost

While backtracking from its earlier stance, the National Electric Power Regulatory Authority (Nepra) has decided to allow 1 percent capital cost of the project reduced by $ 150,000 per annum (subject to 3 percent indexation for each year after the first y
Published 04 Aug, 2017 12:00am
CPEC projects: power purchasers to pay special security cost
Exchange

CPEC projects: power purchasers to pay special security cost

While backtracking from its earlier stance, the National Electric Power Regulatory Authority (Nepra) has decided to allow 1 percent capital cost of the project reduced by $ 150,000 per annum (subject to 3 percent indexation for each year after the first y
Published 04 Aug, 2017 12:00am
Textile sector may get over Rs 15 billion refunds by August 14
Cotton

Textile sector may get over Rs 15 billion refunds by August 14

An amount of Rs 15,209 million sales tax refunds is expected to be paid to the textile sector by August 14, 2017. Sources told Business Recorder Thursday that the FBR has prepared details of the pending liabilities such as sales tax with ageing whe
Published 04 Aug, 2017 12:00am
Textile sector may get over Rs 15 billion refunds by August 14
Cotton

Textile sector may get over Rs 15 billion refunds by August 14

An amount of Rs 15,209 million sales tax refunds is expected to be paid to the textile sector by August 14, 2017. Sources told Business Recorder Thursday that the FBR has prepared details of the pending liabilities such as sales tax with ageing whe
Published 04 Aug, 2017 12:00am
Textile sector may get over Rs 15 billion refunds by August 14
Cotton

Textile sector may get over Rs 15 billion refunds by August 14

An amount of Rs 15,209 million sales tax refunds is expected to be paid to the textile sector by August 14, 2017. Sources told Business Recorder Thursday that the FBR has prepared details of the pending liabilities such as sales tax with ageing whe
Published 04 Aug, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (August 03, 2017).

Published 04 Aug, 2017 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (August 03, 2017).
Published 04 Aug, 2017 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (August 03, 2017).

Published 04 Aug, 2017 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (August 03, 2017).

Published 04 Aug, 2017 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (August 03, 2017).

Published 04 Aug, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

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 04 Aug, 2017 12:00am
State Bank of Pakistan conversion rates
Exchange

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 04 Aug, 2017 12:00am
CBOT corn futures lower

CBOT corn futures lower

Chicago Board of Trade corn futures fell more than 2 percent on Tuesday, hitting a one-month low on spillover weakness from soyabeans and forecasts for improving US crop weather, traders said. CBOT December corn settled down 8-1/4 cents at $3.76-1/2 per b
Published 04 Aug, 2017 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh fell for a third straight week at the weekly auction despite tight supplies, although strong demand for quality leaf capped a steeper decline. Bangladeshi tea fetched an average of 209.64 taka ($2.60) per kg at the weekly auction
Published 04 Aug, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, the total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.871 billion and the number of lots traded was 15,280. PMEX Commodity Index closed at 2,976. Major business was contributed by
Published 04 Aug, 2017 12:00am
US wheat futures fall on technical selling

US wheat futures fall on technical selling

US wheat futures closed lower on Tuesday, retreating from early advances on technical selling at the beginning of the month and spillover weakness from soybeans and corn. The start of the US spring wheat harvest may have added pressure as well, traders sa
Published 04 Aug, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 232,291 tonnes of cargo comprising 191,154 tonnes of import cargo and 41,137 tonnes of export cargo including 8,745 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 04 Aug, 2017 12:00am
Volume of business rises
Cotton

Volume of business rises

Sizeable inflow of phutti allowed trading activity to expand on the cotton market on Thursday, dealers said. The official spot rate was unchanged at Rs 6350, they said. In the ready session over 7000 bales of cotton changed hands between Rs 6350 and Rs 67
Published 04 Aug, 2017 12:00am
Cotton prices tighten on low supply
Cotton

Cotton prices tighten on low supply

Due to regular rains in most parts of the cotton belt since the past several weeks, the supply of seed cotton (Kapas/Phutti) has slowed down resulting in low supply of lint to the domestic mills. Thus cotton supply has decreased leading to a shortage for
Published 04 Aug, 2017 12:00am
Cotton prices tighten on low supply
Cotton

Cotton prices tighten on low supply

Due to regular rains in most parts of the cotton belt since the past several weeks, the supply of seed cotton (Kapas/Phutti) has slowed down resulting in low supply of lint to the domestic mills. Thus cotton supply has decreased leading to a shortage for
Published 04 Aug, 2017 12:00am
Mobile banking growth helps to support ING profit

Mobile banking growth helps to support ING profit

New customers in major markets such as Germany, Italy and Spain helped leading Dutch bank ING to report better than expected quarterly profit on Wednesday. ING added 700,000 new customers in the first half of 2017, taking its total to 36.5 million, with t
Published 04 Aug, 2017 12:00am
Philippine manufacturer buys US tech firm for $77 million

Philippine manufacturer buys US tech firm for $77 million

Philippine electronics manufacturer Cirtek Electronics Corp. said Tuesday it had bought US technology firm Quintel for $77 million, the latest in a trend of local companies acquiring foreign businesses. Cirtek chief financial officer Tony Buyawe said the
Published 04 Aug, 2017 12:00am
Japan's ANA Q1 profit rises 80 percent

Japan's ANA Q1 profit rises 80 percent

ANA Holdings Inc, Japan's biggest airline by revenue, on Wednesday said first-quarter operating profit rose 80 percent due to brisk business on international routes and after taking control of low-cost arm Peach Aviation Ltd. Profit for the three months t
Published 04 Aug, 2017 12:00am
Japan's ANA Q1 profit rises 80 percent

Japan's ANA Q1 profit rises 80 percent

ANA Holdings Inc, Japan's biggest airline by revenue, on Wednesday said first-quarter operating profit rose 80 percent due to brisk business on international routes and after taking control of low-cost arm Peach Aviation Ltd. Profit for the three months t
Published 04 Aug, 2017 12:00am
Mexico consumer confidence hits one-year high in July

Mexico consumer confidence hits one-year high in July

Mexico's consumer confidence index rose to its highest level in a year, official data showed on Thursday, helped by a recovery in the peso on fading fears of new US tariffs on Mexican goods. The seasonally adjusted consumer confidence index rose to 86.6 i
Published 04 Aug, 2017 12:00am
South Korea's July inflation accelerates to four-month high

South Korea's July inflation accelerates to four-month high

South Korean inflation accelerated to its fastest in four months on soaring fresh food costs and as consumer confidence improved in July. The consumer price index rose 2.2 percent in July on-year, faster than a 1.9 percent gain in June, Statistics Korea s
Published 04 Aug, 2017 12:00am
Sri Lanka's central bank keeps rates steady

Sri Lanka's central bank keeps rates steady

Sri Lanka's central bank held its policy rates steady on Thursday and said past tightening are helping cool inflation and credit growth, signalling receding concerns about price pressure as it focuses on supporting an economy hit by extreme weather. As wi
Published 04 Aug, 2017 12:00am
Thai shippers raise export growth forecast to 5 percent

Thai shippers raise export growth forecast to 5 percent

Thailand's exports are expected to grow 5 percent this year, better than the 2.5-3.5 percent it had projected earlier, a group of shipping firms said on Tuesday, but added that a strong baht was a threat. Exports between January and June rose 7.8 percent
Published 04 Aug, 2017 12:00am
Hugo Boss reports first US growth in two years

Hugo Boss reports first US growth in two years

German fashion house Hugo Boss beat second-quarter expectations on Wednesday helped by restructuring and its first rise in US sales in two years, boosting its shares. The company, known for its smart men's suits, said US sales rose 2 percent while sales i
Published 04 Aug, 2017 12:00am
Chesapeake to cut rig count, bring fewer wells to production

Chesapeake to cut rig count, bring fewer wells to production

US natural gas producer Chesapeake Energy Corp beat quarterly profit estimates, but said it planned to cut its rig count and bring fewer wells into production this year. The company, which operates in the Eagle Ford Shale in South Texas, the Utica Shale i
Published 04 Aug, 2017 12:00am
Ryanair CEO hits out at rival airlines over Brexit

Ryanair CEO hits out at rival airlines over Brexit

Ryanair chief executive Michael O'Leary hit out at rival European airlines Wednesday, claiming they opposed Britain securing a "favourable deal" over routes following Brexit. Britain accounts for about one-quarter of revenues earned by the Irish no-frills
Published 04 Aug, 2017 12:00am
Credit Agricole gets capital boost as profit rises

Credit Agricole gets capital boost as profit rises

Credit Agricole on Thursday reported a sharp rise in its core capital ratio to 12.4 percent after making use of higher profits and proceeds from sale of a stake in investment company Eurazeo to bolster its finances. The French bank, majority-owned by a ne
Published 04 Aug, 2017 12:00am
Credit Agricole gets capital boost as profit rises

Credit Agricole gets capital boost as profit rises

Credit Agricole on Thursday reported a sharp rise in its core capital ratio to 12.4 percent after making use of higher profits and proceeds from sale of a stake in investment company Eurazeo to bolster its finances. The French bank, majority-owned by a ne
Published 04 Aug, 2017 12:00am
Deutsche Telekom Q2 profits beat forecasts

Deutsche Telekom Q2 profits beat forecasts

Deutsche Telekom, Europe's biggest telecom company, on Thursday posted quarterly results that topped expectations, with a 9 percent rise in core profit powered by strength in the United States and modest gains in Germany and Europe. The German company sli
Published 04 Aug, 2017 12:00am
Deutsche Telekom Q2 profits beat forecasts

Deutsche Telekom Q2 profits beat forecasts

Deutsche Telekom, Europe's biggest telecom company, on Thursday posted quarterly results that topped expectations, with a 9 percent rise in core profit powered by strength in the United States and modest gains in Germany and Europe. The German company sli
Published 04 Aug, 2017 12:00am
Bank of England cuts growth forecasts as Brexit weighs

Bank of England cuts growth forecasts as Brexit weighs

The Bank of England cut Thursday its forecasts for British growth due to Brexit, as it left interest rates at a record-low 0.25 percent. The news, which followed a regular monetary policy meeting, sent the pound slumping as policymakers appeared to shift
Published 04 Aug, 2017 12:00am
Pay for UK's top bosses drops sharply, investors say more to do

Pay for UK's top bosses drops sharply, investors say more to do

Pay packages for the bosses of Britain's 100 biggest listed companies dropped 13 percent over the past year, a survey showed on Thursday, amid rising political and investor pressure to rein in on excessive earnings. The survey by the Chartered Institute o
Published 04 Aug, 2017 12:00am
Pay for UK's top bosses drops sharply, investors say more to do

Pay for UK's top bosses drops sharply, investors say more to do

Pay packages for the bosses of Britain's 100 biggest listed companies dropped 13 percent over the past year, a survey showed on Thursday, amid rising political and investor pressure to rein in on excessive earnings. The survey by the Chartered Institute o
Published 04 Aug, 2017 12:00am
Eurozone businesses outran British firms at start of second half

Eurozone businesses outran British firms at start of second half

Businesses across the eurozone started the second half with robust growth, outpacing British counterparts which are struggling to regain momentum as consumers keep their hands in their pockets, surveys showed. Signalling the bloc's positive readings could
Published 04 Aug, 2017 12:00am
Tainted Dutch eggs scandal widens across borders

Tainted Dutch eggs scandal widens across borders

Supermarkets in the Netherlands and Germany moved to halt some egg sales Thursday as hundreds of thousands may have been contaminated by a toxic insecticide in a widening food scandal. Amid fears the Dutch poultry industry could be facing millions of euro
Published 04 Aug, 2017 12:00am
US labour market tightening; services sector growth slowing

US labour market tightening; services sector growth slowing

The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labour market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio. Labour market streng
Published 04 Aug, 2017 12:00am
Gulf markets flat; strong Q2 results support Al Othaim, Aldar

Gulf markets flat; strong Q2 results support Al Othaim, Aldar

Saudi Arabia's supermarket and Abu Dhabi's largest listed developer outperformed otherwise flat regional shares on Thursday because of their strong second-quarter earnings. Shares of Al Othaim Markets jumped 4.3 percent after its second-quarter net income
Published 04 Aug, 2017 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower for the second consecutive session on Thursday as banking stocks fell on doubts over the likelihood of further rate cuts by the country's central bank. The broader NSE index closed down 0.67 percent at 10,013.65, while the benchm
Published 04 Aug, 2017 12:00am
Thursday's early afternoon trade: S&P, Nasdaq slip; Dow hits record

Thursday's early afternoon trade: S&P, Nasdaq slip; Dow hits record

The S&P 500 and the Nasdaq lost ground on Thursday as tech stocks slipped, while the Dow moved above the 22,000 mark to hit a new record. The S&P tech index - which has been the best performer in 2017, with a 23 percent rise - was down 0.22 percent. Apple
Published 04 Aug, 2017 12:00am
Dow cracks 22,000, Apple hits record high
Exchange

Dow cracks 22,000, Apple hits record high

The Dow climbed above the 22,000 mark for the first time on Wednesday, buoyed by Apple's healthy quarterly iPhone sales, while weakness in other tech stocks held back the Nasdaq and S&P 500. Apple jumped 4.73 percent to a record high after the world's lar
Published 04 Aug, 2017 12:00am
Hong Kong stocks slip

Hong Kong stocks slip

Hong Kong stocks followed other Asian markets lower on Thursday, as investors paused for breath after recent strong gains in financial and resources firms. The Hang Seng index fell 0.3 percent, to 27,531.01 points, while the China Enterprises Index lost 0
Published 04 Aug, 2017 12:00am
Long yields fall as Treasury fails to announce new long bond

Long yields fall as Treasury fails to announce new long bond

Long-dated debt yields fell on Wednesday, and the yield curve flattened to its lowest levels in a week, after the US Treasury Department said it was still considering an ultra long bond, but did not announce a new issue. The Treasury gave no timing for wh
Published 04 Aug, 2017 12:00am
Long yields fall as Treasury fails to announce new long bond

Long yields fall as Treasury fails to announce new long bond

Long-dated debt yields fell on Wednesday, and the yield curve flattened to its lowest levels in a week, after the US Treasury Department said it was still considering an ultra long bond, but did not announce a new issue. The Treasury gave no timing for wh
Published 04 Aug, 2017 12:00am
China stocks retreat

China stocks retreat

China's major stock indexes fell on Thursday, after a private survey showed the country's services sector cooled in July and a net drain of funds by the central bank renewed concerns about liquidity conditions. The blue-chip CSI300 index fell 0.9 percent,
Published 04 Aug, 2017 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks closed lower Thursday with technology companies down despite a strong lead from Wall Street after the Dow marked its sixth straight record close. The US blue-chip index on Wednesday ended above 22,000 points for the first time following anoth
Published 04 Aug, 2017 12:00am
Earnings buoy European shares but DAX hurt by Siemens

Earnings buoy European shares but DAX hurt by Siemens

European shares inched up on Thursday as solid company earnings more than offset a weak energy sector and a slump in German industrial giant Siemens on delays to a planned unit listing. The pan-European STOXX 600 index rose 0.08 percent to 378.93 points a
Published 04 Aug, 2017 12:00am
Australian shares retreat

Australian shares retreat

Australian shares fell on Thursday, as disappointment over Rio Tinto's earnings pressured materials while bank stocks fell after Commonwealth Bank of Australia was accused of money laundering breaches. The S&P/ASX 200 index fell 9.1 points, or 0.2 percent
Published 04 Aug, 2017 12:00am
Southeast Asian markets largely tepid

Southeast Asian markets largely tepid

Most Southeast Asian stock markets were largely tepid on Thursday, as concerns over US President Donald Trump signing the Russia sanctions bill kept investors on edge. Trump grudgingly signed into law new sanctions against Russia on Wednesday, a move Mosc
Published 04 Aug, 2017 12:00am
FTSE climbs to one-week high as BoE stays put; strong earnings help

FTSE climbs to one-week high as BoE stays put; strong earnings help

UK blue chips rose to a one-week high on Thursday after the Bank of England kept rates on hold, hitting the pound and lifting export-oriented stocks accordingly. The market is also buoyed by solid earnings updates. The FTSE rose 0.85 percent to 7,474.77 p
Published 04 Aug, 2017 12:00am
China's yuan weakens

China's yuan weakens

China's yuan eased against the US dollar on Thursday on rising corporate demand for the greenback, traders said. The People's Bank of China set the midpoint rate at 6.7211 per dollar prior to market open, 6 pips weaker than the previous fix 6.7205.
Published 04 Aug, 2017 12:00am
Dollar index inches up from 15-month low in Asia

Dollar index inches up from 15-month low in Asia

The dollar inched away from a 15-month low versus a basket of currencies on Thursday, but was still looking wobbly due to doubts about whether there will be another US interest rate rise this year. The dollar index, which measures the greenback's value ag
Published 04 Aug, 2017 12:00am
Dollar recovers some ground in Europe
Exchange

Dollar recovers some ground in Europe

The dollar recouped some losses on Thursday but was still holding near a 2-1/2-year low hit in the previous session as investors readied for US jobs data. Most of the US currency's gains came against the commodity linked currencies such as the Australian
Published 04 Aug, 2017 12:00am