News Archives for Print - 2017-10-24

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 24 Oct, 2017 12:00am

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 24 Oct, 2017 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 24 Oct, 2017 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 24 Oct, 2017 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 24 Oct, 2017 12:00am

EU targets German carmakers in new antitrust raids

A series of raids by EU antitrust regulators against German carmakers struck a new blow Monday to one of the most important sectors of the economy which has already been hit by a string of other scandals.

Published 24 Oct, 2017 12:00am

Second Palestinian mobile provider enters Gaza

Palestinian company Wataniya Mobile said it will launch telecommunications services in the Israeli-blockaded Gaza Strip on Tuesday, offering customers a choice of providers.

Published 24 Oct, 2017 12:00am

Exchange

UK fines Merrill Lynch £34.5 million for unreported deals

Britain's financial watchdog said Monday it had fined Merrill Lynch International a little over £34.5 million ($45.4 million, 38.6 million euros) for failing to report tens of millions of trades.

Published 24 Oct, 2017 12:00am

Aramco IPO on track for second half of 2018: CEO

Saudi Aramco's initial public offering will take place in the second half of 2018, CEO Amin Nasser said Monday, dismissing reports that the oil giant's plans could be shelved.

Published 24 Oct, 2017 12:00am

Aramco IPO on track for second half of 2018: CEO

Saudi Aramco's initial public offering will take place in the second half of 2018, CEO Amin Nasser said Monday, dismissing reports that the oil giant's plans could be shelved.

Published 24 Oct, 2017 12:00am

London mayor joins business demands for Brexit transition deal

London Mayor Sadiq Khan joined Britain's business leaders in warning that companies would start moving jobs and investment out of the country if they do not get a Brexit transition deal soon.

Published 24 Oct, 2017 12:00am

China's home price growth steadies in September as speculative curbs weigh

China's new home prices registered another month of weak growth in September, with the biggest markets slipping and vast numbers of smaller cities cooling off as government measures to cool a long property boom take hold.

Published 24 Oct, 2017 12:00am

Tesla to build wholly-owned Shanghai plant

Tesla has reached an agreement with Shanghai authorities that would make it the first foreign automaker to build its own plant in China, putting it in the driver's seat in the world's biggest electric-vehicle market, the Wall Street Journal reported.

Published 24 Oct, 2017 12:00am

Most business economists see US growth above 2 percent

Most business economists predict that US economic growth will surpass two percent over the next year, despite softening in some business conditions, according to a survey released Monday.

Published 24 Oct, 2017 12:00am

Exchange

Venezuela allows $1.7 billion gold swap with Deutsche to lapse

Venezuela this month allowed a $1.7 billion gold swap with Germany's Deutsche Bank AG to lapse, according to an opposition legislator who said it weakens the balance sheet of the crisis-stricken Opec nation's central bank.

Published 24 Oct, 2017 12:00am

China public-private investment initiative showing progress, says Moody's

China's public-private partnership (PPP) programme is making "steady progress", Moody's Investors Service said in a new report, as central government support has led to an improved regulatory environment and more options for financing.

Published 24 Oct, 2017 12:00am

EU states fail to agree reform of labour rules

The 28 European Union states failed to agree in a first round of talks on Monday on reforming the bloc's labour rules that poorer countries value but French President Emmanuel Macron dismisses as undercutting his workers.

Published 24 Oct, 2017 12:00am

European gasoline cracks weaken as overseas buying slows

Gasoline refining margins in northwest Europe ended the week 18 percent lower at around $7.6 a barrel near a seven month low as overseas demand slows.

Published 24 Oct, 2017 12:00am

CBOT soyabean futures lower on US harvest pressure

Chicago Board of Trade soyabean futures fell on Friday on pressure from the ongoing US harvest following a week of favourable weather for fieldwork in the core Midwest crop belt, traders said. CBOT November soyabeans settled down 7-3/4 cents at $9.78-3/4

Published 24 Oct, 2017 12:00am

US FOB Gulf soyabean bids drop on big supply

Basis bids for soyabeans shipped by barge to the US Gulf Coast fell on Friday on rising supplies as farmers are actively harvesting a record crop, traders said. Soyabean export premiums were mostly steady, underpinned by solid demand from overseas buyers

Published 24 Oct, 2017 12:00am

Asian naphtha at four-day high

Asia's naphtha crack ended the week at a four-session high of $101.98 a tonne as buyers continued their hunt for cargoes, causing supplies to tighten, traders said. South Korea's Lotte Chemical and its Malaysian unit Titan were out seeking naphtha. Lotte

Published 24 Oct, 2017 12:00am

Brazilian farmers plant 20 percent of soya area

Brazilian farmers have planted 20 percent of the expected soya area so far in the 2017-18 crop, consultancy AgRural said on Friday, with some producers expressing concern regarding the progress of works due to a lack of rains in key producing regions. Pla

Published 24 Oct, 2017 12:00am

US natural gas futures rise on cooler weather

US natural gas futures ended the week higher on Friday on forecasts for the weather to turn cooler in two weeks, boosting the amount of fuel needed to heat homes and businesses. Front-month gas futures rose 4.2 cents, or 1.5 percent, to settle at $2.915 p

Published 24 Oct, 2017 12:00am

Cotton

Cotton prices soar on strong buying by mills

High flow of phutti arrivals failed to dent tempo of rising lint cotton prices on the cotton market on Monday, dealers said. The official spot rate was inert at Rs 6150, they said. In the ready session, over 40,000 bales of cotton changed hands between Rs

Published 24 Oct, 2017 12:00am

Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,018. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.071 billion and the number of lots traded was 14,605.Major business was contributed by gold amo

Published 24 Oct, 2017 12:00am

CBOT corn futures fall on technical selling

Chicago Board of Trade corn futures fell on Friday, with the benchmark December contract hitting its lowest in a week on hedge-related selling as the harvest of a bumper US crop continued, traders said. CBOT December corn settled down 4-1/2 cents at $3.44

Published 24 Oct, 2017 12:00am

Exchange

Rangebound EU wheat market weighs export competition

European wheat futures ended a subdued trading week little changed as the market remained poised between slow farmer selling and tough export competition. December milling wheat on the Paris-based Euronext exchange settled 0.25 euro, or 0.2 percent, lower

Published 24 Oct, 2017 12:00am

CBOT wheat futures fall

Chicago Board of Trade wheat futures fell on Friday on technical selling and spillover weakness from corn and soybeans, traders said. CBOT December wheat settled down 6-3/4 cents at $4.26 per bushel. Several deferred contracts posted life-of-contract lows

Published 24 Oct, 2017 12:00am

Argentina sees corn planting up 5.2 percent

Argentine farmers are expected to expand corn planting by 5.2 percent this season, the government said on Thursday, as the free-market policies of President Mauricio Macri encourage crop rotation after decades of over-planting soya. Soon after taking offi

Published 24 Oct, 2017 12:00am

Ukraine completes 90 percent of winter wheat sowing

Ukrainian farmers have sown 5.5 million hectares of winter wheat for the 2018 harvest, or 90 percent of the expected area of 6.15 million hectares, the agriculture ministry said on Friday. Ukraine plans to sow 7.2 million hectares of various winter grains

Published 24 Oct, 2017 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 245,128 tonnes of cargo comprising 211,276 tonnes of import cargo and 33,852 tonnes of export cargo including 1,031 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 211

Published 24 Oct, 2017 12:00am

Mobily, NCB hit Saudi index, Emaar still weighs on Dubai

National Commercial Bank (NCB) and telecom stocks dragged down Saudi Arabia's main index on Monday while Emaar Properties weighed on Dubai's stock market for the second day in a row.

Published 24 Oct, 2017 12:00am

Nikkei index posts longest-ever winning streak

Tokyo's Nikkei 225 index on Monday posted the longest winning streak in its nearly 70-year history as markets cheered the weekend election victory of Japan's pro-business prime minister. The benchmark index rose 1.11 percent, or 239.01 points, to end the

Published 24 Oct, 2017 12:00am

Monday's early afternoon trade: losses in GE keep Wall Street in check

US stocks traded in a narrow range on Monday, with losses in industrial shares led by GE offsetting gains in healthcare and technology sectors. General Electric was on track to post its worst single-day loss in more than six years, after a bunch of broker

Published 24 Oct, 2017 12:00am

Sri Lankan shares steady

Sri Lankan shares ended little changed on Monday, hovering near a two-week low hit last week, as investors waited for direction from upcoming corporate results and the national budget next month, brokers said.

Published 24 Oct, 2017 12:00am

Hong Kong shares lower

Hong Kong stocks fell on Monday, led by banking and property shares, amid concerns of slowing economic growth in China, where government curbs are hurting real estate sales.

Published 24 Oct, 2017 12:00am

Exchange

Southeast Asian stocks subdued; Singapore pares gains

Singapore shares closed slightly higher on Monday after earlier touching a more than two-year peak, as data showed consumer prices in September rose in line with expectations, while other stock markets in the region were largely subdued.

Published 24 Oct, 2017 12:00am

Abe's election win reassures bond investors in key ECB week

Eurozone borrowing costs fell on Monday as a big win for Japanese Prime Minister Shinzo Abe's ruling bloc in a national election gave the green light for a continuation of hyper-easy monetary policy in the world's third largest economy.

Published 24 Oct, 2017 12:00am

Abe's election win reassures bond investors in key ECB week

Published 24 Oct, 2017 12:00am

China stocks up, consumer and healthcare firms lend support

China stocks ended slightly higher on Monday on strong gains in consumer and healthcare firms though trading volumes remained thin as investors awaited policy cues from a key party congress.

Published 24 Oct, 2017 12:00am

European stocks hold firm as banks and Spanish shares fall

European shares edged higher on Monday, though banks weighed and Madrid's bourse lagged peers as Catalonia's political crisis deepened. The pan-European STOXX 600 index ended the session 0.2 percent higher, while Spain's benchmark IBEX fell 0.6 percent, w

Published 24 Oct, 2017 12:00am

Australian shares lose steam

Australian shares snapped their biggest winning streak in almost three years on Monday, ending lower as property stocks weighed and financials stocks surrendered early gains following their recent run higher.

Published 24 Oct, 2017 12:00am

Currency

Britain's top share index steadies but profit warnings sink Pendragon, Dialight

Declines among British banks and Mediclinic shares kept gains in check on the UK's main share index on Monday, though engineering group GKN was a bright spot. The FTSE 100 closed flat at 7,524.45 points, while the FTSE 250 index of mid-range stocks, which

Published 24 Oct, 2017 12:00am

Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Monday, as demand for the US dollar by importers surpassed mild exporter selling of the greenback, dealers said. The rupee came under pressure early this month due to dollar demand from state-run Ceylon Petroleum Corp

Published 24 Oct, 2017 12:00am

Currency

Dollar rises in Asia

The dollar touched a three-month high against the yen on Monday, with an emphatic election victory for Japan's ruling party keeping yen-weakening stimulus measures at the heart of government policy. Prime Minister Shinzo Abe's ruling party scored a big wi

Published 24 Oct, 2017 12:00am

Early trade in New York: dollar hits three-month high against yen

The dollar touched a three-month high against the yen on Monday, as investors bet the overwhelming election victory for Japan's ruling party would mean a continuation of "Abenomics," the ultra-loose policies that have kept downward pressure on the yen.

Published 24 Oct, 2017 12:00am

Currency

Dollar climbs against yen in Europe on Abenomics triumph

The dollar touched a three-month high against the yen on Monday, as investors bet an emphatic election victory for Japan's ruling party would see a continuation of "Abenomics", the ultra-loose policies that have kept downward pressure on the yen. The gree

Published 24 Oct, 2017 12:00am

Currency

China's yuan eases

China's yuan fell against the US dollar on Monday after a weaker midpoint fixing and as the dollar gained traction on growing prospects over US tax reforms. Prior to market opening on Monday, the People's Bank of China lowered its official yuan midpoint t

Published 24 Oct, 2017 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 80.85-80.85 (previous 80.85-80.85).

Published 24 Oct, 2017 12:00am

Currency

Asian currencies largely lower

Most emerging Asian currencies started the week on a bearish note as investors focused on the greenback, hoisted up by the US Senate's approval of a budget blueprint that helped tax reforms gain momentum. US President Donald Trump's plans of implementing

Published 24 Oct, 2017 12:00am

Currency

Sterling steadies around $1.32 as Fed chair race in focus

The British pound steadied to around $1.32 on Monday, with any optimism around progress in Brexit talks being overshadowed by a dollar boosted by speculation about a more hawkish chair of the US Federal Reserve. British Prime Minister Theresa May said on

Published 24 Oct, 2017 12:00am

Currency

Kiwi, Aussie slip

The New Zealand dollar skidded to a five-month trough on Monday on concerns the incoming Labour coalition would introduce curbs on immigration and foreign investment, while the Australian dollar slipped to 1-1/2 week lows. The New Zealand currency fell fo

Published 24 Oct, 2017 12:00am

KP Cycling Championship concludes: cycling Velodrom to be constructed in Peshawar

To provide a dream island for cyclists Pakistan's second cycling Velodrom with the cost of Rs 100 million will be constructed in Peshawar, Director General Sports Junaid Khan while addressing the prize distribution ceremony of the Khyber Pakhtunkhwa Cycli

Published 24 Oct, 2017 12:00am

Shinwari leads Pakistan's whitewash of Sri Lanka

Left-arm paceman Usman Shinwari destroyed Sri Lanka with a five-wicket burst to help Pakistan achieve a convincing nine-wicket win in the fifth and final match for a 5-0 clean sweep of the series on Monday. Shinwari's 5-34 in seven overs reduced Sri Lanka

Published 24 Oct, 2017 12:00am

Abe aims at North Korea after storming to 'super-majority' vote win

Japanese Prime Minister Shinzo Abe pledged Monday to work with the US, China and Russia to contain North Korea's nuclear threat with "strong, resolute diplomacy", as he "humbly" accepted his landslide victory in a snap election. Fresh from clinching a two

Published 24 Oct, 2017 12:00am

Catalan separatists vow 'civil disobedience' in standoff with Madrid

Catalan separatists Monday threatened "mass civil disobedience" if Madrid carries out threats to depose their leaders, as tensions mounted over a bid to sever the region from Spain. Attitudes hardened at the start of a make-or-break week for Spain's deepe

Published 24 Oct, 2017 12:00am

Macri pledges to press on with Argentina reforms

Argentina's President Mauricio Macri pledged Monday to press ahead with an austerity drive in Latin America's third-largest economy, following a sweeping victory in mid-term elections. Macri told a news conference at his Casa Rosada presidential palace in

Published 24 Oct, 2017 12:00am

Nations pledge $340 million to Rohingya response

Nations have pledged $340 million (290 million euros) to care for Myanmar's Rohingya refugees in Bangladesh, an "encouraging" step in the response to the intensifying crisis, the UN said Monday. Many of the funds for the minority Muslim group, who have fl

Published 24 Oct, 2017 12:00am

Iraq rebuffs US on Shia militias

Iraq on Monday rebuffed a US demand that Iranian militias leave the country, insisting that the paramilitary forces which helped it defeat the Islamic State group consist solely of Iraqi nationals. "Nobody has the right to interfere in Iraqi affairs," the

Published 24 Oct, 2017 12:00am

Tillerson in surprise visit to Afghanistan

Secretary of State Rex Tillerson renewed US support for Afghanistan in a surprise visit Monday, days after the Taliban launched a spate of attacks they described as a "message" to America.

Published 24 Oct, 2017 12:00am

Nine killed in south Yemen attack on military base

Four Yemeni soldiers and five assailants were killed in an attack on a military base in the southern province of Abyan on Monday, a security source said. A car rigged with explosives carrying five men pulled up to a military base in the district of Mudiya

Published 24 Oct, 2017 12:00am

Trump may not visit Korea DMZ

President Donald Trump may not visit the demilitarized zone between North and South Korea when he travels to Asia early next month, the White House said Monday. Most previous US presidents have visited the eerie sliver of land that separates US and South

Published 24 Oct, 2017 12:00am

AC/DC producer, Australian music pioneer dies

Australian music pioneer George Young, a driving force behind AC/DC which was fronted by his brothers Angus and Malcolm, has died aged 70, the band and his publishing house said Monday.

Published 24 Oct, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 19	278.08
USD PKR Interbank Buying / Sep 19	277.78
USD to Japanese Yen / Sep 19	142.53
USD to Swiss Franc / Sep 19	0.85
Pound Sterling to USD / Sep 19	1.32
Euro to USD / Sep 19	1.11

Stock	Volume
S&P 500 / Sep 19	5,618.26
India Sensex / Sep 19	83,128.61
Tokyo Nikkei / Sep 19	37,180.81
Nasdaq / Sep 19	17,573.30
Hang Seng / Sep 19	17,987.40
FTSE 100 / Sep 19	8,309.81
Dow Jones / Sep 19	41,503.10
Germany DAX 30 / Sep 19	18,815.30

Item	Value
Gold 10 Grams PKR / Sep 18	227,713.10
Crude Oil USD/Barrel / Sep 19	71.01
Karachi Cotton PKR/37.32 KG / Sep 19	18,935
Gold Spot USD/Ounce / Sep 19	2,575.34
Cotton US¢/pound / Sep 19	71.41
Petrol/Litre / Sep 20	249.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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