News Archives for Print - 2018-03-07

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 07 Mar, 2018 12:00am

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 07 Mar, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 07 Mar, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 07 Mar, 2018 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 07 Mar, 2018 12:00am

Exchange

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,260. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.099 billion and the number of lots traded was 8,794. Major business was contributed by crude oil

Published 07 Mar, 2018 12:00am

US wheat futures rise

US wheat futures rose on Monday, led by K.C. hard red winter wheat, on technical buying and forecasts for continued dryness in the southern Plains crop belt that could curb yields, traders said. Chicago Board of Trade May wheat settled up 9-1/4 cents at $

Published 07 Mar, 2018 12:00am

European wheat prices rebound slightly

European wheat prices rebounded slightly on Monday after a sharp fall on Friday, pulled up by a strong start to the week in Chicago and firm prices in Russia, traders said. May milling wheat on Paris-based Euronext, was 0.6 percent higher by 1707 GMT at 1

Published 07 Mar, 2018 12:00am

Vegetable Oil

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased on Monday on follow-through selling in Malaysian palm oil futures because of a rise in import tax on palm oil by India on Friday. India, the world's biggest edible oil importer, raised its import tax on

Published 07 Mar, 2018 12:00am

Exchange

Chinese steel futures fall

Chinese steel prices dropped for the second straight session to the lowest in a week on Monday as demand remained subdued, dragging down the key steelmaking raw material iron ore more than 3 percent. Steel demand has remained weak since the Lunar New Year

Published 07 Mar, 2018 12:00am

Activities at Karachi & Qasim Ports

The Karachi Port handled 196,095 tonnes of cargo comprising 152,493 tonnes of import cargo and 43,602 tonnes of export cargo including 6,880 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 15

Published 07 Mar, 2018 12:00am

Cotton

Cotton market: prices firm as spinners indulge in fresh buying

Spinners fresh buying interest helped the rates to sustain present levels on the cotton market on Tuesday in the process of business activity, dealers said. The official spot rate was unchanged at Rs 7100, they added. In Sindh, seed cotton prices were at

Published 07 Mar, 2018 12:00am

Ukraine's winter grain crops survive from severe cold

Most of Ukraine's winter grain crops have survived the strongest cooling of this winter and most of them are in a good or satisfactory condition as of March 3, analyst UkrAgro Consult said on Monday. Arctic air caused a sharp fall in temperature across al

Published 07 Mar, 2018 12:00am

South Africa likely to raise growth forecast: finance minister

The South African government is likely to raise its forecast for economic growth in October's medium-term budget as it completes reforms to boost growth and stabilise ailing state companies, Finance Minister Nhlanhla Nene said on Monday. The economy of Af

Published 07 Mar, 2018 12:00am

Libor

UK watchdog fines ex-Deutsche Bank trader over Libor

Britain's Financial Conduct Authority has fined ex-Deutsche Bank trader Guillaume Adolph 180,000 pounds ($249,000) for "improperly influencing" quotes used for the Libor interest rate benchmark and banned him from working in finance. Banks have been fined

Published 07 Mar, 2018 12:00am

Chevron in talks to sell stake in Canada LNG project

Chevron Corp is exploring options including the sale of a minority stake in its Canadian liquefied natural gas (LNG) project as it pushes ahead, three people familiar with the matter told Reuters. Among the parties in talks with Chevron for a possible sta

Published 07 Mar, 2018 12:00am

Currency

Lebanese dollar reserves recover from last year's crisis

The Lebanese central bank's dollar reserves grew in early 2018, recovering from a decline during a political crisis last year that pushed up interest rates, its governor said on Tuesday. Reserves climbed by $1.4 billion in the first two months of the year

Published 07 Mar, 2018 12:00am

South Korea inflation speeds up slightly in February

South Korea's annual inflation accelerated modestly in February, boosted by a surge in fresh food prices over winter, but remains below levels that would have implications for monetary policy. Statistics Korea said the consumer price index rose 1.4 percen

Published 07 Mar, 2018 12:00am

UAE private-sector growth slows Further

Growth of the United Arab Emirates' non-oil private sector continued slowing in February after the introduction of a 5 percent value-added tax at the start of the year, a survey showed on Monday. The seasonally adjusted Emirates NBD UAE Purchasing Manager

Published 07 Mar, 2018 12:00am

Brazil industry down snaps four-month string of gains

Brazil's industry snapped a four-month string of gains in January as auto output sharply declined, highlighting an uneven economic recovery. Industrial output fell 2.4 percent in January from the month before, government statistics agency IBGE said on Tue

Published 07 Mar, 2018 12:00am

Japan car giants team up to build hydrogen stations

Top Japanese carmakers said on Monday they were teaming up to nearly double the amount of hydrogen stations in Japan, as the car-mad country seeks to head off competition from China and Germany. Toyota, Nissan and Honda formed a joint venture with major g

Published 07 Mar, 2018 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 82.96-82.96 (Previous 82.96-82.96).

Published 07 Mar, 2018 12:00am

Dollar steadies against yen in Asia

The dollar held steady versus the yen on Tuesday, supported by receding fears about a trade war stemming from US President Donald Trump's proposed tariffs on imported steel and aluminium. The dollar had tumbled to 16-month lows against the safe-haven yen

Published 07 Mar, 2018 12:00am

Currency

Dollar skids in Europe as risk appetite climbs

The dollar skidded on Tuesday and riskier currencies such as the Australian dollar soared, as appetite for risk was rekindled by a historic agreement between North and South Korea on direct talks. North and South Korea, still technically at war but enjoyi

Published 07 Mar, 2018 12:00am

Exchange

Early trade in New York: dollar falls broadly

The dollar slipped to a one-week low on Tuesday against a basket of currencies as traders piled back into riskier currencies after an agreement between North and South Korea to hold direct talks. The dollar had already been weakening on worries about a tr

Published 07 Mar, 2018 12:00am

Currency

Euro rises in New York

The euro edged higher on Monday after a short-lived sell-off tied to Italy's inconclusive weekend election, helped by the creation of a coalition government in Germany that eased political uncertainty there. The dollar rose versus the yen as traders reduc

Published 07 Mar, 2018 12:00am

Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended marginally weaker on Tuesday as importer dollar demand outpaced greenback selling by exporters and banks, but trading was dull due to worries over communal violence, dealers said. The rupee closed at 155.05/15 per dollar, compar

Published 07 Mar, 2018 12:00am

Currency

Asian forex: emerging currencies soar

Most emerging currencies from Asia's export-driven economies firmed on Tuesday after senior Republicans advised US President Donald Trump against imposing tariffs on steel and aluminium, raising hopes that a global trade war could be averted. "The temperi

Published 07 Mar, 2018 12:00am

Yuan inches up

China's yuan edged up against the US dollar on Tuesday, supported by a slightly firmer official midpoint, but gains were capped on rising corporate demand for the greenback. Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate

Published 07 Mar, 2018 12:00am

Currency

Sterling near day's highs as risk appetite returns

Sterling held near the day's highs on Tuesday as a broad-based rebound in risk prompted investors to buy the British currency though gains were checked before draft guidelines on a trade agreement between the EU and Britain are published on Wednesday. The

Published 07 Mar, 2018 12:00am

Aussie, kiwi up

The Australian and New Zealand dollars edged up on Tuesday as investors wagered that US President Donald Trump's threatened tariffs might not prove as disruptive as first feared, reviving the appetite for risk. The Aussie dollar crept up 0.2 percent to $0

Published 07 Mar, 2018 12:00am

Exchange

Egypt index hits record high; Saudi, Abu Dhabi bourses down

Gulf stocks were mixed on Tuesday, with the Saudi market up on steady oil prices and Abu Dhabi dragged down by First Abu Dhabi Bank's stock going ex-dividend. Outside of the Gulf, Egypt's index continued to climb, reaching an all-time high as it benefits

Published 07 Mar, 2018 12:00am

Indian shares down

Indian shares gave up early gains and closed 1 percent lower on Tuesday, pulled down by lenders including ICICI Bank and Housing Development Finance Corp Ltd. The benchmark BSE index fell 1.27 percent to 33,317.2, its lowest since December 14, 2017, after

Published 07 Mar, 2018 12:00am

Tokyo stocks higher

Tokyo stocks snapped a four-day losing streak Tuesday, boosted by a rebound on Wall Street and a fall in the yen's value against the dollar. The benchmark Nikkei 225 index climbed 1.79 percent or 375.67 points to 21,417.76 while the broader Topix index wa

Published 07 Mar, 2018 12:00am

Tuesday's early trade: stocks slip in volatile trading

US stocks traded lower on Tuesday, reversing from earlier gains prompted by signs of easing tensions in the Korean Peninsula and mounting pressure against tariffs proposed by President Donald Trump. Weighing on the Dow and S&P 500 were health insurer Unit

Published 07 Mar, 2018 12:00am

Exchange

Wall Street rallies as trade war fears ease

US stocks rallied on Monday as fears of a global trade war ebbed with investors betting that US President Donald Trump would back down on his threat to impose hefty tariffs on steel and aluminium imports. Strategists also cited rising oil prices and ebbin

Published 07 Mar, 2018 12:00am

Hong Kong shares rebound sharply

Hong Kong shares rebounded sharply on Tuesday, as Asian markets regained ground amid signs US President Donald Trump is facing growing pressure from political allies to pull back from proposed steel and aluminium tariffs. The Hang Seng index rose 2.1 perc

Published 07 Mar, 2018 12:00am

Treasury yields rise

Treasury yields rose on Monday afternoon as the US stock market recovered and fears of a trade war eased after senior Republicans urged President Donald Trump to reconsider his threat to impose tariffs on imported steel and aluminium. US House Speaker Pau

Published 07 Mar, 2018 12:00am

Treasury yields rise

Published 07 Mar, 2018 12:00am

Australian, New Zealand shares move higher

Australian shares ended higher on Tuesday as export-based stocks rallied on receding fears of a global trade war, while a strong lead from Wall Street further strengthened sentiment. US stocks rallied on Monday as investors bet against a global trade war

Published 07 Mar, 2018 12:00am

Exchange

China stocks rally

China stocks rebounded on Tuesday, aided by robust gains in shares of real estate and healthcare firms, as worries of an imminent trade war eased. The tech-heavy start-up index, ChiNextp, closed at a five-week high, recouping most of its lost ground since

Published 07 Mar, 2018 12:00am

Paper stocks, autos drive European shares higher

European shares bounced off six-month lows on Tuesday as the focus shifted from politics to dealmaking and earnings, with paper and packaging stocks soaring after Smurfit Kappa rejected a bid approach. Telecom Italia jumped 5.9 percent after activist inve

Published 07 Mar, 2018 12:00am

Sri Lankan stocks drop

Sri Lankan shares dropped to their lowest close in nearly three weeks on Tuesday amid investors' concerns about communal violence. The country declared a nationwide state of emergency for 10 days on Tuesday to stop the spread of violence, after clashes er

Published 07 Mar, 2018 12:00am

Southeast Asian stocks: Vietnam climbs, Singapore up

Vietnam shares jumped 2.5 percent on Tuesday, bouncing back from the previous session's sharp drop, while Singapore stocks snapped five straight sessions of declines and closed 1.6 percent higher. Asian shares also regained ground after US President Donal

Published 07 Mar, 2018 12:00am

Smurfit Kappa approach boosts FTSE 100 while Just Eat sinks

A takeover approach for Irish packaging group Smurfit Kappa by US-based International Paper lifted shares in the whole sector on Tuesday, providing a boost to Britain's top share index. The FTSE 100 ended up 0.4 percent, outperforming European markets, as

Published 07 Mar, 2018 12:00am

Germany's economic boom pushes job vacancies to record high

Job vacancies in Germany hit an all-time high in the last three months of 2017, data showed on Tuesday, underlining the strength of a labour market that is pushing up wages and fuelling a consumer-led upswing in Europe's biggest economy. Vacancies surged

Published 07 Mar, 2018 12:00am

Lego posts first drop in revenue since 2004

Danish toy maker Lego, known for its iconic coloured plastic bricks, saw profits shrink last year as the company struggled on its main markets, posting its first drop in revenue since 2004. "2017 was a challenging year and overall we are not satisfied wit

Published 07 Mar, 2018 12:00am

Trump name stripped from Panama hotel in property dispute

Workers pried the name "Trump" off a luxury hotel in Panama City on Monday as its owner said he had succeeded in expelling the American president's family from managing the building. Cypriot businessman Orestes Fintiklis, who owns a majority of the Trump

Published 07 Mar, 2018 12:00am

Blockade impact on Qatar fading but risks remain: IMF

The economic and financial impact on Qatar of a nine-month Saudi-led blockade is fading, but some risks for the Gulf emirate remain, the International Monetary Fund has said. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut all diplomatic and

Published 07 Mar, 2018 12:00am

Kobe Steel CEO quits

The head of scandal-hit Japanese steelmaker Kobe Steel announced his resignation on Tuesday after the firm submitted false strength and quality data for products shipped to hundreds of clients worldwide. Hiroya Kawasaki's resignation was a new blow to the

Published 07 Mar, 2018 12:00am

Australia holds rates

Australia's central bank left interest rates at record lows on Tuesday, as expected, and sounded less confident that the economy would grow at 3 percent or more this year, in another sign rates will likely remain on hold for months to come. The Reserve Ba

Published 07 Mar, 2018 12:00am

Brexit free trade deal cannot include financial services: France

Any post-Brexit free trade deal struck between Britain and the European Union must not include financial services, French Economy Minister Bruno Le Maire said Tuesday before meeting his UK counterpart. Le Maire's comments are a strong response to British

Published 07 Mar, 2018 12:00am

US manufacturing, business spending on equipment slowing

New orders for US-made goods recorded their biggest decline in six months in January and business spending on equipment appeared to be slowing after strong growth in 2017. Factory goods orders fell 1.4 percent amid a broad decrease in demand, the Commerce

Published 07 Mar, 2018 12:00am

Kohat win overall trophy in Inter-District U-23 Games

Kohat lifted the overall trophy by grabbing nine gold medals, six silver medals with 132 points in the Kohat Region Inter-District Under-23 Male Games played here at scenic Kohat Sports Complex on Tuesday. Kohat won gold medals in athletic, judo, wrestlin

Published 07 Mar, 2018 12:00am

Putin plays football with Infantino 100 days before World Cup

President Vladimir Putin played football with FIFA boss Gianni Infantino in the Kremlin on Tuesday as a festive Russia marked 100 days before the start of the World Cup. The footage from Putin's reception office was released by football's world governing

Published 07 Mar, 2018 12:00am

ICC suspends Indian curator over tainted pitch approach

Cricket's world governing body on Tuesday banned a leading Indian groundsman for six months for failing to report a corruption approach before a one-day international last year. Pandurang Salgaonkar, who looks after the ground at Pune, was the subject of

Published 07 Mar, 2018 12:00am

Matic gem caps epic United fightback

Nemanja Matic capped Manchester United's stirring fightback from two goals down as the Serbia midfielder's stunning strike snatched a dramatic 3-2 win at Crystal Palace on Monday. Jose Mourinho's side trailed to Andros Townsend's early opener and Patrick

Published 07 Mar, 2018 12:00am

Athletics maintains Russia ban over doping

The governing body of world athletics said Tuesday it was maintaining Russia's ban from the sport over mass doping, saying Moscow had failed to provide evidence it was adequately testing Russian competitors. Despite Russian athletes being allowed back int

Published 07 Mar, 2018 12:00am

World Cup qualifier: Gayle leads Windies past UAE, Afghanistan collapse

Chris Gayle hammered his 23rd one-day international hundred to lead the West Indies to victory in their opening World Cup qualifier against the United Arab Emirates on Tuesday, while Afghanistan collapsed to defeat by Zimbabwe. Windies opening batsman Gay

Published 07 Mar, 2018 12:00am

Saudi Arabia offers to fund new Iraq football stadium

Saudi Arabia has offered to fund a new football stadium in Iraq, as FIFA prepares to decide whether to lift its ban on Iraq hosting competitive international matches. The offer came in a telephone call between King Salman and Prime Minister Haider al-Abad

Published 07 Mar, 2018 12:00am

Lehmann wants clear-the-air talks with South Africans

Australian coach Darren Lehmann expects the coaches and captains of both teams to "chat" before the second Test against South Africa starting in Port Elizabeth on Friday after a bad-tempered start to the series. Lehmann was talking to Australian journalis

Published 07 Mar, 2018 12:00am

Perera leads Sri Lanka to big T20 win against India

Kusal Perera hit a blazing half-century to power Sri Lanka to a five-wicket win over India in the opening Twenty20 international of the tri-nation tournament on Tuesday. Chasing 175 for victory, the hosts rode on Perera's 37-ball 66 to achieve their targe

Published 07 Mar, 2018 12:00am

After 34 years, Angola and DR Congo resume rail links

Rail traffic between the Democratic Republic of Congo and its neighbour Angola has resumed after a 34-year break, providing a vital boost for DRC's mining exports, officials said. "The first train left DRC on Monday hauling 50 containers and arrived at Lu

Published 07 Mar, 2018 12:00am

Japan navy appoints first female chief of warship unit

The Japanese navy said Tuesday it had for the first time appointed a woman as commander of a unit that includes the country's biggest warship. Ryoko Azuma, 44, will command four warships making up a division with a total of 1,000 crew members.

Published 07 Mar, 2018 12:00am

Trump peace efforts like herding cows to slaughter: Palestinian official

US President Donald Trump's hard-line approach to the Palestinians is similar to herding cows for slaughter, a top Palestinian official said Tuesday. The comments came a day after the US leader welcomed Israeli Prime Minister Benjamin Netanyahu to Washing

Published 07 Mar, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Cotton US¢/pound / Dec 4	71.11
Petrol/Litre / Dec 5	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	68.40 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	150.94 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▼ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▲ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	68.40 ▲ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	150.94 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▲ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	246,707,903 ▲ 0.00
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	89,419,070 ▲ 0.00
Hascol Petrol / Dec 5 Hascol Petroleum Limited(HASCOL)	87,024,698 ▲ 0.00
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	67,806,935 ▲ 0.00
Sui South Gas / Dec 5 Sui Southern Gas Company Limited(SSGC)	61,811,720 ▲ 0.00
Power Cement / Dec 5 Power Cement Limited(POWER)	58,501,362 ▲ 0.00
K-Electric Ltd. / Dec 5 K-Electric Limited(KEL)	56,938,645 ▲ 0.00
Pak Int.Bulk / Dec 5 Pakistan International Bulk Terminal(PIBTL)	56,115,997 ▲ 0.00
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	55,870,990 ▲ 0.00

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