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Print - 2017-10-26
Asian forex: Peso falls to 11-year low
Currency

Asian forex: Peso falls to 11-year low

Most emerging Asian currencies weakened on Wednesday, with the Philippine peso skidding to its lowest in more than 11 years, as the dollar held firm on reports of Republican senators leaning towards John Taylor to be the next Federal Reserve chief. The do
Published 26 Oct, 2017 12:00am
Sri Lankan rupee ends steady
Currency

Sri Lankan rupee ends steady

The Sri Lankan rupee ended steady on Wednesday, as demand for the US dollar from importers was offset by selling of the greenback by exporters in the latter part of the day, dealers said. The spot rupee which traded at 153.92 per dollar during the day, cl
Published 26 Oct, 2017 12:00am
Dollar rises against basket of currencies in New York
Currency

Dollar rises against basket of currencies in New York

The dollar held firm on Tuesday against a basket of currencies as a report that John Taylor has support from a group of Republican Senators to be Federal Reserve chief offset news that might hamper the passage of a tax-cut plan. The New Zealand dollar was
Published 26 Oct, 2017 12:00am
Early trade in New York: dollar dips broadly

Early trade in New York: dollar dips broadly

The dollar dipped on Wednesday against a basket of currencies, struggling to post further gains tied to speculation the next chair of the US Federal Reserve will steer policy in a more hawkish direction. Profit-taking on the greenback emerged as the dolla
Published 26 Oct, 2017 12:00am
Dollar climbs against yen in Europe
Currency

Dollar climbs against yen in Europe

The dollar climbed to a 3-1/2-month high against the yen on Wednesday, supported by speculation that the next chair of the US Federal Reserve will steer policy in a more hawkish direction. Sterling was the biggest mover among major currencies, climbing al
Published 26 Oct, 2017 12:00am
Dollar clings near three-month high vs yen in Asia

Dollar clings near three-month high vs yen in Asia

The dollar held near a three-month high versus the yen on Wednesday, underpinned by reports of Republican senators' favouring John Taylor to become the next head of the Federal Reserve, while the Aussie dollar weakened after soft inflation data.
Published 26 Oct, 2017 12:00am
Sterling surge, GSK collapse send FTSE to three-weeks low
Currency

Sterling surge, GSK collapse send FTSE to three-weeks low

Britain's blue chip index was knocked out to a three-weeks low on Wednesday when better than expected economic growth triggered a surge in the pound and as shares in heavy-weight GlaxoSmithKline suffered their worst fall in nearly a decade.
Published 26 Oct, 2017 12:00am
Southeast Asian markets: Indonesia shares hit record closing high

Southeast Asian markets: Indonesia shares hit record closing high

Indonesian shares hit a record closing high on Wednesday, marking a fresh peak for a second straight session, led by financial stocks, while other Southeast Asian stock markets rose tracking Asian peers and Wall Street overnight. Indonesia rose 1.2 percen
Published 26 Oct, 2017 12:00am
European shares in correction mode as mixed earnings flow in

European shares in correction mode as mixed earnings flow in

European shares fell to a near four-week low on Wednesday, with a mixed batch of company results sparking profit-taking a day before the European Central Bank decides on monetary policy. Pharma heavyweight GlaxoSmithKline (GSK) was a big faller as comment
Published 26 Oct, 2017 12:00am
China's blue-chips rally to 26-month high

China's blue-chips rally to 26-month high

China's blue-chip shares extended gains to 26-month highs on Wednesday, underpinned by robust profits from tech firms and as the ruling Communist Party revealed its new leadership line-up. During the week-long Communist Party Congress that concluded on Tu
Published 26 Oct, 2017 12:00am
Zain holds back Saudi stock index, offsets strong oil prices

Zain holds back Saudi stock index, offsets strong oil prices

Saudi Arabia's stock market posted a small gain on Wednesday on the back of firm oil prices, seemingly little impressed by heavy investment plans showcased at a major conference in Riyadh. The Saudi index gained 0.3 percent, supported by Saudi Electricity
Published 26 Oct, 2017 12:00am
10-year Treasury yields climb

10-year Treasury yields climb

US benchmark 10-year Treasury note yields rose to their highest in more than five months on Tuesday, in line with gains in the European bond market, with a strong US equity performance also adding to overall risk appetite.
Published 26 Oct, 2017 12:00am
10-year Treasury yields climb

10-year Treasury yields climb

US benchmark 10-year Treasury note yields rose to their highest in more than five months on Tuesday, in line with gains in the European bond market, with a strong US equity performance also adding to overall risk appetite.
Published 26 Oct, 2017 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong stocks rose on Wednesday, underpinned by strong gains by listings in the city of mainland-based companies, as China's ruling Communist Party revealed its new leadership line-up. The Hang Seng index rose 0.5 percent to 28,302.89 points. China Ent
Published 26 Oct, 2017 12:00am
Dow jumps with upbeat 3M, Caterpillar earnings
Exchange

Dow jumps with upbeat 3M, Caterpillar earnings

The Dow rallied on Tuesday, registering its biggest daily percentage gain in more than a month, as stronger-than-expected results and forecasts from companies including 3M and Caterpillar fueled optimism about economic strength. The S&P 500 and Nasdaq end
Published 26 Oct, 2017 12:00am
Wednesday's early trade: tax plan worries, tepid earnings halt rally

Wednesday's early trade: tax plan worries, tepid earnings halt rally

Wall Street's benchmark S&P 500 index was headed for its worst loss in seven weeks on Wednesday, with downbeat corporate earnings and contradicting signals on Republican plans for a popular retirement scheme weighing on sentiment. Earnings season so far h
Published 26 Oct, 2017 12:00am
Tokyo stocks end record winning streak

Tokyo stocks end record winning streak

Tokyo's benchmark index closed lower Wednesday, ending the longest winning streak in its nearly 70-year history. The Nikkei 225 lost 0.45 percent, or 97.55 points, to finish at 21,707.62, after 16 straight gains, while the broader Topix index slipped 0.31
Published 26 Oct, 2017 12:00am
Indian shares climb

Indian shares climb

Indian shares ended at record closing highs on Wednesday as banks soared after the federal cabinet unveiled a $32.4 billion recapitalisation plan, while construction firms surged after the government approved an ambitious plan to build roads nationwide. T
Published 26 Oct, 2017 12:00am
US business spending on equipment robust, new home sales surge

US business spending on equipment robust, new home sales surge

New orders for key US-made capital goods increased more than expected in September and shipments rose for an eighth straight month, pointing to robust business spending that should help to mitigate the impact on the economy from the hurricanes.
Published 26 Oct, 2017 12:00am
Coca-Cola earnings rise on cost cuts

Coca-Cola earnings rise on cost cuts

Coca-Cola reported a jump in third-quarter profits Wednesday due to lower expenses as it broadens offerings of non-cola drinks to offset sluggish demand for its namesake product in North America. Earnings for the quarter ending September 29 came in at $1.
Published 26 Oct, 2017 12:00am
Coca-Cola earnings rise on cost cuts

Coca-Cola earnings rise on cost cuts

Coca-Cola reported a jump in third-quarter profits Wednesday due to lower expenses as it broadens offerings of non-cola drinks to offset sluggish demand for its namesake product in North America. Earnings for the quarter ending September 29 came in at $1.
Published 26 Oct, 2017 12:00am
Etisalat Q3 profits rise
Exchange

Etisalat Q3 profits rise

UAE telecoms giant Etisalat said Wednesday its third quarter net profit was up by nearly a third on last year, despite being hit by exchange rate fluctuations. The second largest mobile operator in the region, after Saudi telecom, it posted a $658 million
Published 26 Oct, 2017 12:00am
Etisalat Q3 profits rise
Exchange

Etisalat Q3 profits rise

UAE telecoms giant Etisalat said Wednesday its third quarter net profit was up by nearly a third on last year, despite being hit by exchange rate fluctuations. The second largest mobile operator in the region, after Saudi telecom, it posted a $658 million
Published 26 Oct, 2017 12:00am
Boeing lifts profit forecast but sees higher tanker costs

Boeing lifts profit forecast but sees higher tanker costs

Boeing reported mixed results Wednesday, lifting its full-year profit forecast, but announcing that costs on a high-profile tanker program had once again risen unexpectedly. Net income fell 18.7 percent to $1.9 billion for the quarter ending September 30.
Published 26 Oct, 2017 12:00am
Boeing lifts profit forecast but sees higher tanker costs

Boeing lifts profit forecast but sees higher tanker costs

Boeing reported mixed results Wednesday, lifting its full-year profit forecast, but announcing that costs on a high-profile tanker program had once again risen unexpectedly. Net income fell 18.7 percent to $1.9 billion for the quarter ending September 30.
Published 26 Oct, 2017 12:00am
Toyota scales back at Mexico factory targeted by Trump

Toyota scales back at Mexico factory targeted by Trump

Toyota said on Wednesday it is cutting investment and production at a planned Mexican factory targeted by Donald Trump, but denied politics played any role in the decision, which came days before the US president visits Japan. The auto giant is reducing p
Published 26 Oct, 2017 12:00am
France seeks 'green veto' in EU-Canada trade deal

France seeks 'green veto' in EU-Canada trade deal

France is seeking "climate veto" powers over the EU's landmark trade deal with Canada to ensure it does not undermine efforts against global warming, Environment Minister Nicolas Hulot said Wednesday. Hailed by the European Union as one of its most ambiti
Published 26 Oct, 2017 12:00am
Qatar 'to introduce' minimum wage for workers

Qatar 'to introduce' minimum wage for workers

World Cup 2022 host Qatar, under global scrutiny over its alleged ill-treatment of migrant labourers, is to introduce a minimum wage for workers, official state media said Wednesday. Qatar News Agency also announced that the gas-rich emirate has signed bi
Published 26 Oct, 2017 12:00am
Paris city bikes go electric

Paris city bikes go electric

Ten years after Paris launched the wildly popular Velib bicycle-sharing scheme, the grey two-wheelers that have spawned imitators worldwide are getting a makeover. On Wednesday, the City of Paris unveiled two new, colourful models that will replace the ex
Published 26 Oct, 2017 12:00am
Honda shows off self-balancing bike

Honda shows off self-balancing bike

Honda on Wednesday showcased a new motorcycle that can stand unaided with or without a rider, using technology the firm learned from developing a walking humanoid. Unveiled at the Tokyo Motor Show, Honda's Riding Assist-e is an all-electric concept motorb
Published 26 Oct, 2017 12:00am
British economy shrugs off Brexit doubts, for now

British economy shrugs off Brexit doubts, for now

Britain's economy gently picked up speed in the third quarter, official data showed on Wednesday, strengthening expectations of an interest rate hike next month, despite uncertainty over Brexit. Gross domestic product grew by 0.4 percent in the period fro
Published 26 Oct, 2017 12:00am
Asia faces air travel infrastructure 'crisis': IATA

Asia faces air travel infrastructure 'crisis': IATA

The Asia-Pacific region must urgently step up investment in infrastructure to meet rapidly increasing demand for air travel, the global airline industry's trade body said Wednesday. "We are headed for a major infrastructure crisis," said Alexandre de Juni
Published 26 Oct, 2017 12:00am
Luxury market set for record year in 2017

Luxury market set for record year in 2017

After a year of stagnation the luxury market has returned to growth and will likely set a new record of 1.2 trillion euros ($1.4 trillion) in 2017, said a study released Wednesday by consulting firm Bain and Company. The five percent growth in the overall
Published 26 Oct, 2017 12:00am
Lufthansa looks to expand after years of cost-cutting

Lufthansa looks to expand after years of cost-cutting

German airline group Lufthansa confirmed its objectives for the full year Wednesday, reporting a third quarter that saw it beat analysts' expectations even as it gobbled up parts of bankrupt rival Air Berlin. "The Lufthansa group is back on the offensive
Published 26 Oct, 2017 12:00am
Russia holds spot as China's top oil supplier for seventh month

Russia holds spot as China's top oil supplier for seventh month

Russia held on to its position as China's top crude oil supplier ahead of Angola and Saudi Arabia for the seventh straight month in September, with shipments hitting a record as refiners rushed to buy lower-sulphur oil to meet cleaner fuels standards. Imp
Published 26 Oct, 2017 12:00am
Germany's BASF reports surging profits in Q3
Exchange

Germany's BASF reports surging profits in Q3

German chemicals giant BASF beat expectations Tuesday with a leap in profit between July and September, as strong performance at its core chemicals division powered much of the increase. Net profit at the Ludwigshafen-based group increased by 50 percent c
Published 26 Oct, 2017 12:00am
Germany's BASF reports surging profits in Q3
Exchange

Germany's BASF reports surging profits in Q3

German chemicals giant BASF beat expectations Tuesday with a leap in profit between July and September, as strong performance at its core chemicals division powered much of the increase. Net profit at the Ludwigshafen-based group increased by 50 percent c
Published 26 Oct, 2017 12:00am
US FOB Gulf soyabean values drop on rising supplies

US FOB Gulf soyabean values drop on rising supplies

CIF soyabean basis values tumbled on slow export demand for US Gulf shipments and rising supplies from the Midwest harvest on Tuesday. October-loaded barges traded as low as 12 cents a bushel over CBOT November futures, the lowest spot basis value in 17 m
Published 26 Oct, 2017 12:00am
Volume of business down on cotton market
Cotton

Volume of business down on cotton market

Volume of business came down on the cotton market on Wednesday as some leading mills refrained from big deals owing to the higher prices, dealers said. The official spot rate was unmoved at Rs 6300, they said. In the ready session, over 30,000 bales of co
Published 26 Oct, 2017 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 155,212 tonnes of cargo comprising 107,009 tonnes of import cargo and 48,203 tonnes of export cargo including 6,407 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 26 Oct, 2017 12:00am
EU wheat drifts down on big world supplies
Exchange

EU wheat drifts down on big world supplies

European wheat futures drifted lower on Tuesday as the market held close to chart support but with large global wheat supplies depressing sentiment. December milling wheat on the Paris-based Euronext exchange unofficially closed down 0.3 percent, or 0.5 e
Published 26 Oct, 2017 12:00am
US natural gas futures lower on doubts over heating demand

US natural gas futures lower on doubts over heating demand

US natural gas futures settled slightly lower on Tuesday as the psychological $3 mark provided a staunch resistance amid doubts over a widespread heating demand across the United States even though forecasts are for a cooler than normal weather over the n
Published 26 Oct, 2017 12:00am
Palm oil edges lower on European vegoils market
Vegetable Oil

Palm oil edges lower on European vegoils market

Palm oil on the European vegetable oils market eased slightly on Tuesday on expectations of a slowdown in export growth during October versus an increase in production. Asking prices for palm oil were mostly between unchanged and $2.50 a tonne lower after
Published 26 Oct, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,046. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.136 billion and the number of lots traded was 10,004.
Published 26 Oct, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 Oct, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 Oct, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 26 Oct, 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 26 Oct, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (October 25, 2017).

Published 26 Oct, 2017 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (October 25, 2017).
Published 26 Oct, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (October 25, 2017).

Published 26 Oct, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (October 25, 2017).

Published 26 Oct, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (October 25, 2017).

Published 26 Oct, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (October 25, 2017).

Published 26 Oct, 2017 12:00am
Status of CPEC projects discussed

Status of CPEC projects discussed

Federal Minister for Planning, Development and Reform, Ahsan Iqbal Wednesday expressed satisfaction over the progress of CPEC projects across the country and said that CPEC Long Term Plan would be approved in 7th Joint Co-operation Committee (JCC) meeting
Published 26 Oct, 2017 12:00am
US worried about Pakistan government stability: Tillerson

US worried about Pakistan government stability: Tillerson

Secretary of State Rex Tillerson said Wednesday the United States is concerned that extremist groups are threatening the "stability and security" of the Pakistan government. Tillerson, who arrived in New Delhi late Tuesday after a brief and tense stop in
Published 26 Oct, 2017 12:00am
'Government didn't collapse on one phone call': Asif

'Government didn't collapse on one phone call': Asif

Foreign Minister Khawaja Muhammad Asif informed Senate on Wednesday that except pressing for going tough on the Haqqani network, the US had not made any "specific request" to Pakistan as claimed by US Secretary of State Rex Tillerson ahead of his recent v
Updated 26 Oct, 2017 01:31pm
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 26 Oct, 2017 12:00am
'Government didn't collapse on one phone call': Asif

'Government didn't collapse on one phone call': Asif

Foreign Minister Khawaja Muhammad Asif informed Senate on Wednesday that except pressing for going tough on the Haqqani network, the US had not made any "specific request" to Pakistan as claimed by US Secretary of State Rex Tillerson ahead of his recent v
Published 26 Oct, 2017 12:00am
Ghani becomes more belligerent

Ghani becomes more belligerent

Afghan President Ashraf Ghani is said to have stated time has come for Islamabad to make a "clear choice", suggesting the country may have to pay a price under the US's new South Asia policy if it does not stop "backing the terror groups".
Published 26 Oct, 2017 12:00am
Ghani becomes more belligerent

Ghani becomes more belligerent

Afghan President Ashraf Ghani is said to have stated time has come for Islamabad to make a "clear choice", suggesting the country may have to pay a price under the US's new South Asia policy if it does not stop "backing the terror groups".
Published 26 Oct, 2017 12:00am
Ghani becomes more belligerent

Ghani becomes more belligerent

Afghan President Ashraf Ghani is said to have stated time has come for Islamabad to make a "clear choice", suggesting the country may have to pay a price under the US''s new South Asia policy if it does not stop "backing the terror groups".
Published 26 Oct, 2017 12:00am
BRIndex100 in positive zone
Exchange

BRIndex100 in positive zone

Pakistan Stock Exchange Wednesday witnessed a positive trend with thin volumes on the back of fresh buying in select stocks. BRIndex100 gained 37.53 points or 0.85 percent to close at 4,473.28 points. BRIndex100 touched intraday high of 4,477.90 and intra
Published 26 Oct, 2017 12:00am
BRIndex100 in positive zone
Exchange

BRIndex100 in positive zone

Pakistan Stock Exchange Wednesday witnessed a positive trend with thin volumes on the back of fresh buying in select stocks. BRIndex100 gained 37.53 points or 0.85 percent to close at 4,473.28 points. BRIndex100 touched intraday high of 4,477.90 and intra
Published 26 Oct, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (October 25, 2017).

Published 26 Oct, 2017 12:00am
THE RUPEE: rates slide
Currency

THE RUPEE: rates slide

The rupee fell against the dollar on the money market on Wednesday in the process of trading activity, dealers said. The rupee slipped by one paisa in terms of the dollar for buying and selling at Rs 105.45 and Rs 105.46 respectively, they said.
Published 26 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 25, 2017).

Published 26 Oct, 2017 12:00am
Majority of routes leading to Red Zone sealed

Majority of routes leading to Red Zone sealed

The city police Wednesday sealed majority of the routes leading to heavily guarded Red Zone of federal capital to protect Diplomatic Enclave and other sensitive installations during protest of "Karwan-e-Khatam-e-Nabuwat rally" likely to reach Islamabad in
Published 26 Oct, 2017 12:00am
PBS briefs Cabinet on census
Exchange

PBS briefs Cabinet on census

The Federal Cabinet has decided to place Constituency Delimitations Bill, 2017 before National Assembly for debate and consideration following a briefing by Pakistan Bureau of Statistics (PBS) on sixth population census.
Published 26 Oct, 2017 12:00am
PBS briefs Cabinet on census
Exchange

PBS briefs Cabinet on census

The Federal Cabinet has decided to place Constituency Delimitations Bill, 2017 before National Assembly for debate and consideration following a briefing by Pakistan Bureau of Statistics (PBS) on sixth population census.
Published 26 Oct, 2017 12:00am
THE RUPEE: rates slide
Currency

THE RUPEE: rates slide

The rupee fell against the dollar on the money market on Wednesday in the process of trading activity, dealers said. The rupee slipped by one paisa in terms of the dollar for buying and selling at Rs 105.45 and Rs 105.46 respectively, they said.
Published 26 Oct, 2017 12:00am
Hike in power tariff to hamper textile production
Cotton

Hike in power tariff to hamper textile production

The latest surge in electricity prices would further increase the cost of doing business for textile sector and may further hamper the production capacity of export-oriented sector, observed a parliamentary panel. The concerns were also admitted by Federa
Published 26 Oct, 2017 12:00am
Status of CPEC projects discussed

Status of CPEC projects discussed

Federal Minister for Planning, Development and Reform, Ahsan Iqbal Wednesday expressed satisfaction over the progress of CPEC projects across the country and said that CPEC Long Term Plan would be approved in 7th Joint Co-operation Committee (JCC) meeting
Published 26 Oct, 2017 12:00am
Status of CPEC projects discussed

Status of CPEC projects discussed

Federal Minister for Planning, Development and Reform, Ahsan Iqbal Wednesday expressed satisfaction over the progress of CPEC projects across the country and said that CPEC Long Term Plan would be approved in 7th Joint Co-operation Committee (JCC) meeting
Published 26 Oct, 2017 12:00am