News Archives for Print - 2017-09-17 - Business Recorder

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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2017-09-17

ECB to announce in October plans to reduce QE; buy bonds through June 2018

Exchange

ECB to announce in October plans to reduce QE; buy bonds through June 2018

The European Central Bank will announce in October a six-month extension to its asset purchase programme but will cut how much it buys each month to 40 billion euros from January, a Reuters poll of economists found. The euro zone has been performing stron

Published 17 Sep, 2017 12:00am

Cotton futures slide more than seven percent

Cotton

Cotton futures slide more than seven percent

ICE Cotton futures settled lower on Friday to post a weekly decline of over 7 percent, the December 2017 contract's biggest weekly fall, after a US government report this week raised its projections for a big crop. Cotton for December settled down 0.05 ce

Published 17 Sep, 2017 12:00am

China's crude refinery output rebounds in August on new quotas

China's crude refinery output rebounds in August on new quotas

Chinese refineries processed 6.5 percent more crude oil in August than a year earlier at 47.12 million tonnes, or about 11.1 million barrels per day, data from the National Bureau of Statistics showed on Thursday. August processing also rose from July's 1

Published 17 Sep, 2017 12:00am

Facing potential wheat crisis, Egypt plays down poppy seed risk

Facing potential wheat crisis, Egypt plays down poppy seed risk

Poppy seeds found in two cargoes of imported wheat halted by Egyptian authorities are "not very dangerous", Agriculture Minister Abdel Moneim Al-Banna told Reuters on Wednesday, in comments that could avert a trade row. Al-Banna said the cargoes from Fran

Published 17 Sep, 2017 12:00am

Australia cuts wheat forecast to eight-year low

Australia cuts wheat forecast to eight-year low

Australia on Tuesday cut its forecast for 2017/18 wheat production by nearly 10 percent to an eight-year low, as dry weather cuts yields across the country's largest producing regions. With harvesting set to begin in coming months, wheat production is exp

Published 17 Sep, 2017 12:00am

Bayer backs tool for Brazil coffee farmers to sell directly

Bayer backs tool for Brazil coffee farmers to sell directly

The Brazil unit of German agrochemicals and pharmaceutics company Bayer AG on Wednesday launched an online marketplace to help Brazilian coffee producers sell their beans directly to retailers and food-service companies. The website called Made in Farm (w

Published 17 Sep, 2017 12:00am

Nigeria cocoa output seen rebounding in 2017-2018

Nigeria cocoa output seen rebounding in 2017-2018

Nigeria should see a bumper cocoa harvest in the coming season as late rains have helped boost pod production, the head of the cocoa association said on Thursday. Sayina Riman, president of the Cocoa Association of Nigeria (CAN), expects output for the ne

Published 17 Sep, 2017 12:00am

Coffee lovers and farmers will be hurt by warming planet: researchers

Coffee lovers and farmers will be hurt by warming planet: researchers

Coffee lovers may find it harder to get their favourite caffeine fix in a few years' time, as global warming could cut coffee growing areas in Latin America by as much as 88 percent by 2050, scientists said on Monday. Latin America is the world's largest

Published 17 Sep, 2017 12:00am

North Korea seeks military 'equilibrium' with US

Exchange

North Korea seeks military 'equilibrium' with US

North Korea said Saturday it was bent on nothing less than military "equilibrium" with arch-enemy the United States with a full nuclear arsenal, forcing UN powers into fresh crisis talks. Kim Jong-Un successfully fired a Hwasong-12 intermediate-range ball

Published 17 Sep, 2017 12:00am

Two children dead, one missing in Ukraine camp fire

Two children dead, one missing in Ukraine camp fire

A fire swept through a children's camp in Ukraine's Black Sea port of Odessa, killing two girls and leaving a third one missing, authorities said Saturday. Ukrainian Prime Minister Volodymyr Groysman expressed condolences and vowed those responsible would

Published 17 Sep, 2017 12:00am

AFP launches 2017 Kate Webb Prize for Asian journalists

AFP launches 2017 Kate Webb Prize for Asian journalists

Agence France-Presse on Friday launched the 2017 Kate Webb Prize to recognise exceptional Asian journalists doing difficult and dangerous work across the region. Photo and video journalists are strongly encouraged to apply for this year's edition as part

Published 17 Sep, 2017 12:00am

Police arrest teenager over London train attack, hunt for other potential suspects

Police arrest teenager over London train attack, hunt for other potential suspects

British police arrested an 18-year-old man in the ferry departure area of the port of Dover on Saturday on suspicion of being involved in the bombing of a London Underground train and were looking for more potential suspects on the loose. The man, who has

Published 17 Sep, 2017 12:00am

Merkel vows to restrict trade with Turkey over arrests

Merkel vows to restrict trade with Turkey over arrests

Germany will have no choice but to restrict its economic ties with Turkey to pressure its Nato partner into releasing German citizens it imprisoned on political grounds, Chancellor Angela Merkel said in remarks published on Saturday. Relations between the

Published 17 Sep, 2017 12:00am

Widespread destruction in central Vietnam after major typhoon

Widespread destruction in central Vietnam after major typhoon

Shaken residents in central Vietnam were piecing their homes and businesses back together Saturday after a powerful typhoon hammered large swathes of coast and killed at least four people. Typhoon Doksuri tore through Vietnam Friday afternoon, reducing st

Published 17 Sep, 2017 12:00am

Russia strike wounds US-backed Syria forces: coalition

Russia strike wounds US-backed Syria forces: coalition

The US-led coalition said on Saturday Russian forces bombed American-backed fighters battling the Islamic State group in eastern Syria wounding several, despite denials from Syrian regime ally Moscow. The unprecedented strike was initially reported by the

Published 17 Sep, 2017 12:00am

Time ticking as nations meet on Paris climate deal

Time ticking as nations meet on Paris climate deal

Environment ministers from some 30 countries gathered Saturday in Montreal to push forward on implementing the Paris climate accord without the United States, three months after President Donald Trump walked out on the deal. Called by Canada, China and th

Published 17 Sep, 2017 12:00am

Egypt condemns seven to death over IS links, Copt beheadings

Egypt condemns seven to death over IS links, Copt beheadings

An Egyptian court Saturday condemned to death seven people for membership of the Islamic State group and over the beheading in Libya of 21 Christians, all but one of them from Egypt, judicial officials said. IS in Libya posted a video on the internet in F

Published 17 Sep, 2017 12:00am

Egyptian top court upholds life sentence for Morsi in Qatar case

Egyptian top court upholds life sentence for Morsi in Qatar case

A top court on Saturday upheld a life sentence against Egypt's ousted Islamist president Mohamed Morsi on charges stemming from a trial over spying for Qatar, a judicial official and his lawyer said. The court of cassation upheld a life sentence first pas

Published 17 Sep, 2017 12:00am

EU-US data pact faces first major test of credibility

EU-US data pact faces first major test of credibility

A pact underpinning billions of dollars of transatlantic data transfers will undergo its first annual review on Monday, with Europe seeking to ensure Washington has lived up to its promises to protect the data of European citizens stored on US servers. Fe

Published 17 Sep, 2017 12:00am

Boris Johnson reignites leadership speculation with Brexit plans

Boris Johnson reignites leadership speculation with Brexit plans

British Foreign Secretary Boris Johnson set out his plans for a "glorious" Brexit on Saturday that angered colleagues and reignited speculation he would challenge Prime Minister Theresa May for the leadership of the Conservative party. With May due to set

Published 17 Sep, 2017 12:00am

Car bomb kills two in Kirkuk

Car bomb kills two in Kirkuk

A car bomb explosion targeting a shop selling alcohol in Iraq's northern city of Kirkuk on Saturday killed two civilians and wounded eight, a security official said. He said the blast damaged the shop and sparked a fire in three vehicles. Kirkuk is the ca

Published 17 Sep, 2017 12:00am

Iraq forces seize IS outpost ahead of Euphrates push

Iraq forces seize IS outpost ahead of Euphrates push

Iraqi forces on Saturday captured a desert outpost of the Islamic State group near the Syrian border in preparation for a drive up the Euphrates Valley towards the frontier, commanders said. The capture of Akashat, a former mining town in mainly Sunni Ara

Published 17 Sep, 2017 12:00am

Bangladesh PM seeks help for Rohingya crisis as exodus tops 400,000

Bangladesh PM seeks help for Rohingya crisis as exodus tops 400,000

Bangladesh Prime Minister Sheikh Hasina headed for the UN General Assembly on Saturday to plead for global help coping with the Rohingya crisis, as the refugee deluge escaping a crackdown in Myanmar topped 400,000. The prime minister left a day after her

Published 17 Sep, 2017 12:00am

Du Plessis hails Pakistan progress for cricket

Du Plessis hails Pakistan progress for cricket

South African skipper Faf du Plessis Saturday admitted he was nervous ahead of the World XI tour of Pakistan but praised the hosts for ensuring a safe series which he said would help its revival of international cricket. Apart from five limited-overs game

Published 17 Sep, 2017 12:00am

Paulinho rescues Barca at Getafe

Paulinho rescues Barca at Getafe

Paulinho scored his first Barcelona goal six minutes from time as the Catalan giants came from a goal down to win 2-1 at Getafe on Saturday and open up a seven-point lead over Real Madrid. Barca were dealt a double blow before half-time as record signing

Published 17 Sep, 2017 12:00am

Safarova, Babos cruise into Quebec City semi-finals

Safarova, Babos cruise into Quebec City semi-finals

Top-seeded Lucie Safarova of Czech Republic will meet third-seeded Timea Babos of Hungary in the semi-finals of the WTA tournament at Quebec City after both won in straight sets on Friday. Safarova lost the first three games of her quarter-final clash wit

Published 17 Sep, 2017 12:00am

Kohli calls on new spin aces against Australia

Kohli calls on new spin aces against Australia

India skipper Virat Kohli declared an all-out spin war against Australia, saying the quality of his bowlers gives him confidence for the one-day series starting Sunday. Left-arm wrist spinner Kuldeep Yadav and leg-spinner Yuzvendra Chahal add variety to t

Published 17 Sep, 2017 12:00am

Lewandowski scores twice in Bayern romp

Lewandowski scores twice in Bayern romp

Robert Lewandowski netted twice on his 100th Bundesliga appearance for Bayern Munich who brushed off their internal strife with a 4-0 hammering of Mainz on Saturday. Lewandowski has now netted 82 goals for Munich amidst reports he wants to join Real Madri

Published 17 Sep, 2017 12:00am

JP Duminy retires from Test and first class matches

JP Duminy retires from Test and first class matches

South African international JP Duminy announced his retirement from Test match and first class cricket on Saturday. The 33-year-old left-handed batsman and part-time right-arm off-spinner will continue to play in limited overs cricket both domestically an

Published 17 Sep, 2017 12:00am

Bangladesh captain eyes 'landmark' South Africa series

Bangladesh captain eyes 'landmark' South Africa series

Bangladesh captain Mushfiqur Rahim said Saturday his team were looking for a "landmark" series against South Africa when they play two Test matches there later this month. A 15-man Bangladesh squad left Dhaka Saturday for the series, which will start with

Published 17 Sep, 2017 12:00am

Six-goal City go top, Liverpool held by Burnley

Six-goal City go top, Liverpool held by Burnley

Manchester City stormed to the top of the Premier League as Sergio Aguero's hat-trick inspired a 6-0 demolition of Watford, while Philippe Coutinho's return couldn't lift Liverpool in a 1-1 draw against Burnley on Saturday. With previous leaders Mancheste

Published 17 Sep, 2017 12:00am

Australia, France on brink of Davis Cup final

Australia, France on brink of Davis Cup final

Australia edged closer to a first Davis Cup final in 14 years on Saturday when Jordan Thompson and John Peers swept past Arthur De Greef and Ruben Bemelmans 6-3, 6-4, 6-0 for a 2-1 lead in their semi-final against Belgium. Australia, the 28-time champions

Published 17 Sep, 2017 12:00am

China's yuan still seen weakening if dollar rebounds, but at more modest pace

Exchange

China's yuan still seen weakening if dollar rebounds, but at more modest pace

The Chinese yuan will only give up some of this year's strong gains against the dollar over the next 12 months, provided the US Federal Reserve continues to tighten policy and gives the greenback a lift, a Reuters poll showed. Mainly driven by US dollar w

Published 17 Sep, 2017 12:00am

Kazakh tenge drops against rouble

Exchange

Kazakh tenge drops against rouble

The Kazakh tenge has dropped 6.6 percent against the Russian rouble over the last six weeks, reaching a 19-year low, and traders suspected the central bank was manipulating the exchange rate to improve the balance of trade. Russia is one of Kazakhstan's b

Published 17 Sep, 2017 12:00am

Canadian dollar dips

Canadian dollar dips

The Canadian dollar lost ground on Friday against a weaker US dollar, as the boost from last week's interest rate hike by the Bank of Canada showed some signs of fading. At 4 pm EDT (2000 GMT), the Canadian dollar was trading at C$1.2184 to the greenback,

Published 17 Sep, 2017 12:00am

Spot currency trading on Thomson Reuters platforms dips

Spot currency trading on Thomson Reuters platforms dips

Average daily spot volumes on currency trading platforms run by Thomson Reuters dipped to an eight-month low of $82 billion in August, though that was partially offset by strong trading volumes in derivatives. While August is typically a slow month, with

Published 17 Sep, 2017 12:00am

Speculators raise short dollar bets to new 4-1/2-year high

Speculators raise short dollar bets to new 4-1/2-year high

Speculators raised their short bets against the US dollar for the fourth consecutive week, with the value of contracts against the greenback increasing to $11.57 billion in latest week, the largest since January 2013, according to data from the Commodity

Published 17 Sep, 2017 12:00am

India central bank looking into cryptocurrencies, 'not comfortable' with bitcoin

Exchange

India central bank looking into cryptocurrencies, 'not comfortable' with bitcoin

The Reserve Bank of India (RBI) has a group looking into cryptocurrencies as legal tender, a senior official said on Wednesday, but emphasised the central bank's discomfort with bitcoin which has recently come under intense global regulatory scrutiny. "Fi

Published 17 Sep, 2017 12:00am

Dollar falls after weak US retail sales; focus on FOMC

Dollar falls after weak US retail sales; focus on FOMC

The dollar weakened against most major currencies on Friday, weighed down by an unexpected decline in US retail sales last month that once again dimmed expectations for an interest rate increase in December. US retail sales unexpectedly fell in August as

Published 17 Sep, 2017 12:00am

New hedging rules will make FX traders put up or shut up - every day

Exchange

New hedging rules will make FX traders put up or shut up - every day

New European Union regulations on foreign exchange trading will make it harder and more expensive to manage currency risk, traders said, especially for large financial counterparties such as hedge funds and insurance companies. The regulations will impose

Published 17 Sep, 2017 12:00am

BoE official says new global forex code may need tweaking

Exchange

BoE official says new global forex code may need tweaking

A new global code to stamp out attempts at rigging the world's currency markets may need tweaking just months after it was published, a senior Bank of England official said on Tuesday. Central bankers and the forex industry published a voluntary code of c

Published 17 Sep, 2017 12:00am

Serbia buys euros to stem dinar gains

Serbia buys euros to stem dinar gains

The Serbian central bank intervened on the inter-bank market on Thursday, buying an unspecified quantity of euros to stem gains of the dinar which remained strong despite a 30 million euros ($35.68 million) purchase a day earlier, dealers said. The bank w

Published 17 Sep, 2017 12:00am

African currencies week ahead: Zambia's kwacha likely to remain under pressure on low hard currency supply

Exchange

African currencies week ahead: Zambia's kwacha likely to remain under pressure on low hard currency supply

The Zambian kwacha is expected to remain under pressure next week on the back of low hard currency supply while the Ugandan shilling is likely to strengthen as demand for cash from imports subsides.

Published 17 Sep, 2017 12:00am

Wall Street hits record highs, S&P 500 pierces 2,500

Exchange

Wall Street hits record highs, S&P 500 pierces 2,500

Wall Street reached record highs on Friday, with the S&P 500 surpassing 2,500 points as telecommunications shares rose and technology bounced back after two days of declines. The S&P 500's breach of the 2,500-mark came less than four months after it close

Published 17 Sep, 2017 12:00am

Barclays sees $270 billion flows to China bonds on index inclusion

Exchange

Barclays sees $270 billion flows to China bonds on index inclusion

Investors could pour up to $270 billion into Chinese renminbi-denominated bonds once they are included in benchmark bond indices, which could occur in the next one to two years, Barclays said on Wednesday. The bank estimated that foreign ownership of Chin

Published 17 Sep, 2017 12:00am

Barclays sees $270 billion flows to China bonds on index inclusion

Exchange

Barclays sees $270 billion flows to China bonds on index inclusion

Investors could pour up to $270 billion into Chinese renminbi-denominated bonds once they are included in benchmark bond indices, which could occur in the next one to two years, Barclays said on Wednesday. The bank estimated that foreign ownership of Chin

Published 17 Sep, 2017 12:00am

South Africa's ARC Investments IPO targets $650 million valuation

South Africa's ARC Investments IPO targets $650 million valuation

ARC Investments, a holding company co-founded by South African mining tycoon Patrice Motsepe, said it will sell shares worth 4 billion rand ($306 million) in an initial public offering that values the company at 8.5 billion rand. African Rainbow Capital I

Published 17 Sep, 2017 12:00am

South Africa's ARC Investments IPO targets $650 million valuation

South Africa's ARC Investments IPO targets $650 million valuation

ARC Investments, a holding company co-founded by South African mining tycoon Patrice Motsepe, said it will sell shares worth 4 billion rand ($306 million) in an initial public offering that values the company at 8.5 billion rand. African Rainbow Capital I

Published 17 Sep, 2017 12:00am

China funds boost equity allocations, cut cash

China funds boost equity allocations, cut cash

Chinese fund managers boosted their suggested equity exposure for the next three months as major indexes pierced key resistance and market sentiment picked up on further signs of an expanding economy, a monthly Reuters poll showed. The recent market rally

Published 17 Sep, 2017 12:00am

China funds boost equity allocations, cut cash

China funds boost equity allocations, cut cash

Chinese fund managers boosted their suggested equity exposure for the next three months as major indexes pierced key resistance and market sentiment picked up on further signs of an expanding economy, a monthly Reuters poll showed. The recent market rally

Published 17 Sep, 2017 12:00am

South Africa's Capitalworks to launch London hedge fund business

South Africa's Capitalworks to launch London hedge fund business

South African private equity firm Capitalworks plans to launch a London-based business to provide financial and operational support for hedge funds, four sources with direct knowledge of the matter told Reuters. The new venture, Sephira Investment Advisor

Published 17 Sep, 2017 12:00am

South Africa's Capitalworks to launch London hedge fund business

South Africa's Capitalworks to launch London hedge fund business

South African private equity firm Capitalworks plans to launch a London-based business to provide financial and operational support for hedge funds, four sources with direct knowledge of the matter told Reuters. The new venture, Sephira Investment Advisor

Published 17 Sep, 2017 12:00am

Treasuries outlook: US yield curve flattens on weak data before Fed meeting

Treasuries outlook: US yield curve flattens on weak data before Fed meeting

Yield spreads between shorter-dated and longer-dated Treasuries contracted on Friday as traders added to bets the Federal Reserve would wait until the end of the year to raise rates and focus on its balance sheet at next week's policy meeting. North Korea

Published 17 Sep, 2017 12:00am

Treasuries outlook: US yield curve flattens on weak data before Fed meeting

Treasuries outlook: US yield curve flattens on weak data before Fed meeting

Yield spreads between shorter-dated and longer-dated Treasuries contracted on Friday as traders added to bets the Federal Reserve would wait until the end of the year to raise rates and focus on its balance sheet at next week's policy meeting. North Korea

Published 17 Sep, 2017 12:00am

TSX flat as resources weigh, scores gain for the week

Exchange

TSX flat as resources weigh, scores gain for the week

Canada's benchmark stock index notched a weekly gain of more than 1 percent but ended nearly flat on Friday as falling metal prices and some profit-taking in other sectors largely offset gains in groups led by consumer companies. The Toronto Stock Exchang

Published 17 Sep, 2017 12:00am

Austria sounds out investors for its first 100-year bond sale

Austria sounds out investors for its first 100-year bond sale

Austria is sounding out investors for a potential 100-year sovereign bond sale as soon as Tuesday, in what would be the first "century bond" to be sold publicly by a euro zone country. A successful sale would demonstrate that demand for super-long bonds,

Published 17 Sep, 2017 12:00am

Austria sounds out investors for its first 100-year bond sale

Austria sounds out investors for its first 100-year bond sale

Austria is sounding out investors for a potential 100-year sovereign bond sale as soon as Tuesday, in what would be the first "century bond" to be sold publicly by a euro zone country. A successful sale would demonstrate that demand for super-long bonds,

Published 17 Sep, 2017 12:00am

BP files for IPO of US Midwest, Gulf Coast pipeline assets

Exchange

BP files for IPO of US Midwest, Gulf Coast pipeline assets

British energy company BP on Monday filed for an initial public offering of its US Midwest and Gulf Coast pipeline assets. BP Midstream Partners LP, the master limited partnership (MLP) formed by BP's US pipeline unit, plans to list on the New York Stock

Published 17 Sep, 2017 12:00am

BP files for IPO of US Midwest, Gulf Coast pipeline assets

Exchange

BP files for IPO of US Midwest, Gulf Coast pipeline assets

British energy company BP on Monday filed for an initial public offering of its US Midwest and Gulf Coast pipeline assets. BP Midstream Partners LP, the master limited partnership (MLP) formed by BP's US pipeline unit, plans to list on the New York Stock

Published 17 Sep, 2017 12:00am

Asian naphtha falls as supplies seen higher

Asian naphtha falls as supplies seen higher

Asia's naphtha crack fell to a 2-1/2-week low of $91.10 a tonne on Thursday, weighed by falling demand for the fuel as a gasoline blending component in Europe and higher availability of prompt cargoes, traders said. Europe exports naphtha to Asia among ot

Published 17 Sep, 2017 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (September 16, 2017)

Published 17 Sep, 2017 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

Kerb buying and selling rate of US dollar

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee improved further against the dollar on the money market on Saturday in the process of trading dealers said. The rupee picked up 10 paisas in relation to the dollar for buying and selling at Rs 105.60 and Rs 105.80, they said.

Published 17 Sep, 2017 12:00am

THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee improved further against the dollar on the money market on Saturday in the process of trading dealers said. The rupee picked up 10 paisas in relation to the dollar for buying and selling at Rs 105.60 and Rs 105.80, they said.

Published 17 Sep, 2017 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (September 16, 2017).

Published 17 Sep, 2017 12:00am

Aaj TV - Sunday's schedule

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Sep, 2017 12:00am

Soyameal prices up on European feed meal market

Soyameal prices up on European feed meal market

Asking prices on Europe's animal feed meal market were higher on Thursday, tracking further gains in Chicago soya futures as the market looked beyond higher-than-expected US crop estimates to focus on weather risks and strong export demand. US soyabean an

Published 17 Sep, 2017 12:00am

Asia's coffee markets muted on low stocks

Asia's coffee markets muted on low stocks

The subdued sentiment in Asian coffee markets extended into this week on low stocks in Vietnam and Indonesia while importers refused Vietnamese offers citing high prices, traders said on Thursday. In Vietnam, exporters offered the 5 percent black and brok

Published 17 Sep, 2017 12:00am

CBOT wheat futures lower after one month high

Exchange

CBOT wheat futures lower after one month high

Chicago Board of Trade wheat futures closed fractionally lower on Thursday on technical selling after the benchmark December contract reached a one month high but failed to hold support above $4.50 a bushel, traders said. CBOT December wheat ended down 1/

Published 17 Sep, 2017 12:00am

China's soyabean import likely to remain unchanged in 2017/2018

China's soyabean import likely to remain unchanged in 2017/2018

Soyabean imports by China, the world's biggest buyer, are likely to remain unchanged in 2017/18 at this year's record level of 93 million tonnes due to a rise in domestic production and higher carry forward stocks, leading analyst Thomas Mielke said. Chin

Published 17 Sep, 2017 12:00am

US FOB Gulf soyabean bids ease as futures climb

US FOB Gulf soyabean bids ease as futures climb

Basis bids for soyabeans shipped by barge to US Gulf Coast export terminals weakened on Thursday as futures climbed and as concerns about a prolonged shipping delay on the lower Ohio River eased, traders said. A backup of barges on the lower Ohio River is

Published 17 Sep, 2017 12:00am

Demand from Bangladesh pushes up rice prices in India

Demand from Bangladesh pushes up rice prices in India

Steady demand from Bangladesh raised rice prices in India this week but the flood-ravaged country is unlikely to go beyond its initial export targets for the year to shore up depleted stocks. Bangladesh will stick to its earlier plans to import up to 1.5

Published 17 Sep, 2017 12:00am

Cotton prices higher on moderate trade

Cotton

Cotton prices higher on moderate trade

Rates went up on the cotton market on Saturday amid hovering fears of damage to the standing crop due to severe hot weather, particularly in the Punjab, dealers said. The official spot rate was unchanged at Rs 5950, they said. In the ready session, over 2

Published 17 Sep, 2017 12:00am

Ukraine winter rapeseed sowing near end

Ukraine winter rapeseed sowing near end

Ukrainian farmers have almost completed the sowing of winter rapeseed for the 2018 harvest as of September 12, seeding a 94 percent area from the expected 777,000 hectares, the agriculture ministry said on Wednesday. Farmers have also sown 503,000 hectare

Published 17 Sep, 2017 12:00am

Chinese steel, iron ore futures fall sharply

Exchange

Chinese steel, iron ore futures fall sharply

Chinese steel and iron ore futures fell sharply on Thursday after investors cut positions in both commodities following recent sharp gains, even as underlying demand in the world's top consumer remained firm. The selloff came as data showed China's crude

Published 17 Sep, 2017 12:00am

CBOT corn futures higher

CBOT corn futures higher

Chicago Board of Trade corn futures closed modestly higher on Thursday, following strength in soybeans and in the broader commodities sector, traders said. CBOT December corn settled up 2-3/4 cents at $3.54-1/4 a bushel but stayed inside of Wednesday's tr

Published 17 Sep, 2017 12:00am

Bangladesh tea prices up

Bangladesh tea prices up

Tea prices in Bangladesh rose at the weekly auction for the third time in a row, despite a larger volume on offer. Bangladeshi tea fetched an average price of 216.17 taka ($2.60) per kg at the auction on Tuesday, compared with 210.47 taka at the previous

Published 17 Sep, 2017 12:00am

Brazilian coffee crop 44 percent sell off behind last season

Brazilian coffee crop 44 percent sell off behind last season

Brazil's 2017 coffee crop was 44 percent sold through September 11, slightly behind the 46 percent level seen at this time last year but ahead of a five-year average of 41 percent, consultancy Safras & Mercado said on Thursday. Safras estimates that 22.25

Published 17 Sep, 2017 12:00am

CBOT soyabeans higher on export demand

CBOT soyabeans higher on export demand

Chicago Board of Trade soyabean closed higher on Thursday, with the most-active November contract posting a one-month peak on export demand, short-covering and strength in soyameal, traders said. CBOT November soyabeans settled up 15-1/2 cents at $9.76 pe

Published 17 Sep, 2017 12:00am

Accenture sees 'secular downward' trend in bank fees

Accenture sees 'secular downward' trend in bank fees

Bank's services fees face "secular downward" pressure in the long run, which will drive lenders back toward credit transactions whose margins are resilient to competition and new technologies, a senior executive at management consultants Accenture Plc sai

Published 17 Sep, 2017 12:00am

Equifax executives step down after major hack

Exchange

Equifax executives step down after major hack

Equifax has replaced two senior executives entrusted with watching over its computers, after the credit reporting agency revealed it suffered a major hack that led to one of the worst-ever breaches of personal data. The Equifax chief information officer a

Published 17 Sep, 2017 12:00am

Vietnamese banks may look offshore for capital

Exchange

Vietnamese banks may look offshore for capital

Vietnam has given banks new powers to deal with bad loans in a move seen as a precursor to a recapitalisation of the sector. Resolution 42, introduced on August 15, makes it easier for lenders to seize assets to cover unpaid debts - an option that state-r

Published 17 Sep, 2017 12:00am

AT&T weighs divestiture of Latin American TV assets

AT&T weighs divestiture of Latin American TV assets

AT&T is evaluating a sale of its pay TV operations in Latin America as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc, people familiar with the matter said on Friday. AT&T is working with a financial adviser t

Published 17 Sep, 2017 12:00am

Ukraine will not curb meat exports to control soaring prices: PM

Ukraine will not curb meat exports to control soaring prices: PM

Ukraine will try to stabilise soaring domestic meat prices without having to resort to curbs on exports, Prime Minister Volodymyr Groysman said on Saturday. On Thursday, a senior government official told Reuters Ukraine may impose substantial curbs on mea

Published 17 Sep, 2017 12:00am

Shunning dollar, Venezuela lists oil prices in Chinese yuan

Shunning dollar, Venezuela lists oil prices in Chinese yuan

Venezuela on Friday began listing the price of its oil in the Chinese yuan, following President Nicolas Maduro's announcement last week that he would rid the economy of the "US imperialist system." The move was seen as a bid to weather US-imposed sanction

Published 17 Sep, 2017 12:00am

Swiss bank lobby urges government to toughen stance on EU equivalence

Swiss bank lobby urges government to toughen stance on EU equivalence

Switzerland's banking lobby on Thursday called on the government to end talks with the European Union about continued EU budget contributions unless Brussels recognises Swiss finance rules as equivalent with EU laws. Equivalency is one of the ways through

Published 17 Sep, 2017 12:00am

China's Zhongwang, Aleris extend merger deadline amid smuggling claims

China's Zhongwang, Aleris extend merger deadline amid smuggling claims

Zhongwang USA, an investment firm backed by a Chinese aluminium tycoon, and its acquisition target Aleris Corp have decided to extend a deadline to complete their merger by two weeks, according to representatives of the two companies. The extension comes

Published 17 Sep, 2017 12:00am

Angry Birds maker Rovio moves forward with $1 billion IPO

Angry Birds maker Rovio moves forward with $1 billion IPO

Finnish mobile games maker Rovio Entertainment Ltd set a price range on Friday for its planned listing that would value the maker of "Angry Birds" at up to $1.1 billion, well below potential values cited in media reports. The company, whose business is re

Published 17 Sep, 2017 12:00am

Angry Birds maker Rovio moves forward with $1 billion IPO

Angry Birds maker Rovio moves forward with $1 billion IPO

Finnish mobile games maker Rovio Entertainment Ltd set a price range on Friday for its planned listing that would value the maker of "Angry Birds" at up to $1.1 billion, well below potential values cited in media reports. The company, whose business is re

Published 17 Sep, 2017 12:00am

EU ministers make push for Google, Facebook tax

EU ministers make push for Google, Facebook tax

Google and Facebook may face higher tax bills in Europe as the EU rushed Saturday to change rules so that more of Silicon Valley's mega profits fall into public coffers. Public anger against the billions of euros earned by online behemoths is growing loud

Published 17 Sep, 2017 12:00am

ECB to announce in October plans to reduce QE; buy bonds through June 2018

Exchange

ECB to announce in October plans to reduce QE; buy bonds through June 2018

The European Central Bank will announce in October a six-month extension to its asset purchase programme but will cut how much it buys each month to 40 billion euros from January, a Reuters poll of economists found. The euro zone has been performing stron

Published 17 Sep, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

Markets →

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Harpo Hydropower Project: minister discusses reasons for delay

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