News Archives for Print - 2018-04-18

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 18 Apr, 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 18 Apr, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 18 Apr, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 18 Apr, 2018 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 18 Apr, 2018 12:00am

Exchange

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,398. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.463 billion and the number of lots traded was 7,799.

Published 18 Apr, 2018 12:00am

US wheat futures fall

US wheat futures fell on Monday, led by a sharp drop in K.C. hard red winter wheat contracts, on forecasts for rain in the US Plains, traders said. The expected rains raised harvest prospects for the drought-hit hard red winter wheat crop.

Published 18 Apr, 2018 12:00am

Exchange

Chinese iron ore, steel futures fall

China's iron ore futures dropped in line with steel rebar futures on Monday, despite the reduction in stockpiles, while concerns over leaner downstream demand weighed on sentiment. The most-active iron ore contract for September delivery on the Dalian Com

Published 18 Apr, 2018 12:00am

Vegetable Oil

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased on Monday following a dip in Malaysian palm oil futures on the back of slowing growth in export demand. Malaysian palm oil exports for the first 15 days of April rose by about six percent compared to th

Published 18 Apr, 2018 12:00am

EU wheat slips to two-week low

Euronext wheat extended losses on Monday to its lowest price in more than two weeks, pressured by falling US futures as weather forecasts pointed to rain relief for parched US crops. A warm, dry spell forecast for western Europe this week was also easing

Published 18 Apr, 2018 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 184,122 tonnes of cargo comprising 134,357 tonnes of import cargo and 49,765 tonnes of export cargo including 4,882 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 13

Published 18 Apr, 2018 12:00am

Exchange

Cotton prices hit season's high

Prices touched season's high level on the cotton market on Tuesday as mills indulged in fresh buying of lint cotton, dealers said. The official spot rate rose by Rs 100 to Rs 7600, they added. In both Sindh and Punjab, seed cotton prices were at Rs 2800-3

Published 18 Apr, 2018 12:00am

Cuban raw sugar output declines to 30 percent

This year's Cuban sugar harvest will be one of the lowest in more than a century at 1.1 million to 1.3 million tonnes of raw sugar, a drop of 30 percent, Reuters estimated based on sources and state-run media. Cuba produced 1.8 million tonnes of raw sugar

Published 18 Apr, 2018 12:00am

Singapore exports post surprise fall

Singapore's non-oil exports unexpectedly fell from a year earlier in March as electronics fell for the fourth consecutive month, official data showed on Tuesday. Exports fell 2.7 percent in March from a year earlier, according to trade agency Internationa

Published 18 Apr, 2018 12:00am

Japan's Mizuho pulled out of Qatar bond amid Gulf dispute

Japan's Mizuho Securities withdrew from its role as a bookrunner for a US dollar-denominated bond issued by Qatar last week, in the latest sign international banks are wary of doing business in the Gulf state amid a regional dispute. Saudi Arabia, the Uni

Published 18 Apr, 2018 12:00am

Japan's Mizuho pulled out of Qatar bond amid Gulf dispute

Published 18 Apr, 2018 12:00am

Strong subscriber growth lifts Netflix revenue, profit

Netflix added 7.4 million new subscribers in the past quarter as the global television giant ramped up profits with its strongest-ever revenue growth since launching its streaming service. In its quarterly update Monday, Netflix reported profits grew 63 p

Published 18 Apr, 2018 12:00am

Strong subscriber growth lifts Netflix revenue, profit

Published 18 Apr, 2018 12:00am

Currency

Dollar steadies in Asia

The dollar steadied on Tuesday as the market's focus shifted back to US trade policy as investors wagered US-led attacks on Syria would not escalate into a wider conflict in the Middle East. An index that tracks the dollar against a basket of six currenci

Published 18 Apr, 2018 12:00am

Currency

Euro climbs above $1.24 in Europe

The euro rose above $1.24 to a three-week high on Tuesday after solid Chinese economic data and receding worries about more US strikes in Syria revived risk sentiment, although a monthly survey of German investor sentiment undercut the optimism.

Published 18 Apr, 2018 12:00am

Exchange

Early trade in New York: dollar gains from three-week low

The dollar rose from a three-week low on Tuesday, helped by falls in the euro and sterling, even as investors remained cautious about the greenback because of tension in the Middle East and a US trade dispute with China.

Published 18 Apr, 2018 12:00am

Currency

Dollar falls against basket of currencies in New York

The dollar fell broadly on Monday on hopes that a US-led strike on Syria would not lead to escalation, rekindling some appetite for stocks and other risky assets and spurring investors to reduce safe-haven holdings of the greenback.

Published 18 Apr, 2018 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 82.98-82.98 (Previous 82.98-82.98).

Published 18 Apr, 2018 12:00am

Currency

Yuan eases

China's yuan eased against the dollar on Tuesday on corporate demand for the greenback, while traders shrugged off US President Donald Trump's criticism of Beijing's management of its currency as well as data showing China's economy grew solidly in the fi

Published 18 Apr, 2018 12:00am

Asian forex: South Korean won up most in region

The won rose the most among Asian currencies against a steady US dollar on Tuesday, boosted by the return of capital inflows to South Korea. Investors wagered US-led attacks on Syria at the weekend would not escalate into a wider conflict in the Middle Ea

Published 18 Apr, 2018 12:00am

Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee on Tuesday touched an all-time low on dollar demand from importers, while exporter sales of the greenback were low due to extended holidays in corporate houses after the new year festival, dealers said. The rupee dropped 0.1 percent t

Published 18 Apr, 2018 12:00am

Currency

Sterling climbs to post-Brexit vote highs

Sterling on Tuesday vaulted to its highest level since Britain voted to leave the European Union in June 2016 as expectations swelled that the central bank will raise interest rates for the second time in seven months. Though weaker than expected wage dat

Published 18 Apr, 2018 12:00am

Currency

Aussie, kiwi down

The Australian and New Zealand dollars flatlined on Tuesday as the latest batch of Chinese data proved frustratingly mixed, though the world second's largest economy did manage to pip forecasts for growth in the first quarter. The Aussie dollar was 0.2 pe

Published 18 Apr, 2018 12:00am

Sri Lankan shares jump

Sri Lankan shares hit a five-week closing high in thin trade on Tuesday, rising for a fifth straight session, as many market participants stayed away due to extended holidays after the Sinhala-Tamil New Year festival over the weekend, brokers said. The Co

Published 18 Apr, 2018 12:00am

Exchange

Tokyo stocks flat

Tokyo stocks closed flat Tuesday in sluggish trading as investors retreated to the sidelines to await the outcome of a US-Japan summit expected to be dominated by trade tensions and North Korea. The benchmark Nikkei 225 inched up 0.06 percent or 12.06 poi

Published 18 Apr, 2018 12:00am

Tuesday's early trade: Tech stocks, Netflix power Wall Street's gains

US stocks rose about 1 percent on Tuesday, helped by gains in technology companies and as strong earnings from Netflix and UnitedHealth boosted optimism over what is expected to be the strongest earnings season in seven years. Netflix shares rose 10 perce

Published 18 Apr, 2018 12:00am

Exchange

Wall Street rises, focus turns to earnings from geopolitics

US stocks closed higher on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about earnings season and appeared less worried about US-led missile attacks in Syria. The weekend's air strikes marked the bigg

Published 18 Apr, 2018 12:00am

Indian shares climb

Indian shares ended higher for a ninth straight session on Tuesday, marking their longest winning streak in over three years, as consumer stocks gained on forecasts of average monsoon this year. After two years of normal monsoons, the India Meteorological

Published 18 Apr, 2018 12:00am

Hong Kong shares down

Hong Kong stocks ended lower for a fourth session on Tuesday, pulled down by technology shares, after US sanctions against Chinese telecom equipment maker ZTE reignited trade war fears. The Hang Seng index ended down 0.8 percent at 30,062.75, while the Ch

Published 18 Apr, 2018 12:00am

US yield curve flattest in a decade

The US yield curve reached it flattest level in over a decade on Monday afternoon as the White House said President Trump will nominate economist Richard Clarida as Federal Reserve Vice Chairman. The spread between five- and 30-year Treasury bonds fell to

Published 18 Apr, 2018 12:00am

US yield curve flattest in a decade

Published 18 Apr, 2018 12:00am

Exchange

Saudi index holds above 8,000 points, telcos boost Egypt

Saudi Arabia's stock market continued a strong uptrend on Tuesday on the back of petrochemical and banking stocks, while rising telecoms shares boosted Egypt. The Saudi index closed 0.6 percent up at 8,096 points, having finished above 8,000 points on Mon

Published 18 Apr, 2018 12:00am

Currency

Shanghai index at one-year low

China stocks closed lower on Tuesday, with Shanghai index ending at a near one-year low, as tech shares were punched hard after the United States banned American companies from selling components to Chinese telecom equipment maker ZTE Corp. The blue-chip

Published 18 Apr, 2018 12:00am

European shares rise as sentiment improves

European shares rose on Tuesday to their highest since the end of February as sentiment on tensions between the US and Russia eased and attention shifted to deal-making and first-quarter earnings season. The pan-regional STOXX 600 index rose 0.8 percent,

Published 18 Apr, 2018 12:00am

Southeast Asian stocks cautious on China data; Philippines slides

Stock markets in southeast Asia were largely cautious on Tuesday as investors weighed up a mixed bag of economic data out of China while the Philippine index slumped to an over-11-month low. China's economy grew 6.8 percent in the first quarter of 2018 fr

Published 18 Apr, 2018 12:00am

Currency

ABF shines on FTSE as blue chips shrug off sterling strength

Britain's FTSE 100 advanced on Thursday as sterling retreated from its highest level since the Brexit vote, while focus turned from geopolitical risks to corporate earnings that were largely supportive. The FTSE 100 closed 0.4 percent higher at 7,226.05 p

Published 18 Apr, 2018 12:00am

US housing starts, industrial production rise

US homebuilding rose more than expected in March amid a rebound in the construction of multi-family housing units, but weakness in the single-family segment suggested an acute shortage of homes for sale will likely persist. Other data on Tuesday showed a

Published 18 Apr, 2018 12:00am

Currency

Goldman Sachs reports higher first quarter earnings

Goldman Sachs reported a jump in first-quarter earnings Tuesday following an uptick in its trading business and said merger and acquisition dialogue was picking up. Net income for the quarter ending March 31 was $2.7 billion, up 26.6 percent from the year

Published 18 Apr, 2018 12:00am

Lowest jobless rate since 1975 fails to spur UK wage growth

British workers' pay is still rising by less than inflation despite the lowest unemployment rate since 1975, official data showed on Tuesday, but weaker-than-expected wage growth is unlikely to stop interest rates rising next month. Since February, Britai

Published 18 Apr, 2018 12:00am

China posts strong first quarter growth

China's economy grew at a slightly faster-than-expected pace of 6.8 percent in the first quarter, buoyed by strong consumer demand and robust property investment. Resilience in the world's second-largest economy will likely keep a synchronized global reco

Published 18 Apr, 2018 12:00am

Exchange

EU asks WTO for consultations over US steel, aluminium tariffs

The European Union on Monday followed China in complaining to the World Trade Organization (WTO) over US tariffs on steel and aluminium imports. "Having a substantial interest as an exporter in this case, the European Union requests consultations with the

Published 18 Apr, 2018 12:00am

China hits US sorghum with anti-dumping measure

China announced Tuesday that it was slapping provisional anti-dumping duties on sorghum imported from the United States amid heightened trade tensions between the world's two top economies. Fears of a trade war have been simmering in recent weeks, with Wa

Published 18 Apr, 2018 12:00am

Exchange

China to relax foreign ownership limits on cars, other industries

China announced Tuesday a timeline to open up its manufacturing sector including scrapping ownership limits for foreign automakers, shipbuilders and aircraft firms - addressing a contentious issue in its trade dispute with the United States. The liberalis

Published 18 Apr, 2018 12:00am

Exchange

Shanghai aluminium rises

Shanghai aluminium futures hit their strongest in almost three months on Tuesday amid supply worries after Rio Tinto declared force majeure on some customer contracts after the United States imposed sanctions on the firm's Russian partner Rusal. Benchmark

Published 18 Apr, 2018 12:00am

Exchange

Chinese data weighs on metals; aluminium set to rebound

Weak industrial data in top base metals consumer China weighed on prices on Tuesday, while aluminium took a breather but was expected to resume its rally as US sanctions disrupt supplies from the world's No. 2 producer Rusal. Chinese industrial output exp

Published 18 Apr, 2018 12:00am

Venezuela arrests two Chevron employees amid oil industry purge

Venezuela arrested two Chevron Corp employees, the US oil major said on Tuesday, in what appeared to be the first arrests of a foreign oil company's direct employees during a purge of alleged graft in the Opec nation. Venezuelan intelligence agents arrest

Published 18 Apr, 2018 12:00am

Oil prices rise on crude supply worry, Wall Street strength

Oil prices rose on Tuesday, as support from the possibility of supply disruptions and a strong equities market offset the effects of profit-taking following last week's rally above three-year highs. Brent crude oil futures gained 16 cents to settle at $71

Published 18 Apr, 2018 12:00am

Exchange

Rubber recovers

Benchmark Tokyo rubber futures bounced back from a one-week low hit in the previous session to edge up on Tuesday, supported by technical buying, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for September delivery finished 1.0 yen hi

Published 18 Apr, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 13	277.93
USD PKR Interbank Buying / Nov 13	277.83
USD to Japanese Yen / Nov 13	154.85
USD to Swiss Franc / Nov 13	0.88
Pound Sterling to USD / Nov 13	1.27
Euro to USD / Nov 13	1.06

Stock	Volume
S&P 500 / Nov 12	5,983.99
Nasdaq / Nov 12	19,281.40
Dow Jones / Nov 12	43,910.98
India Sensex / Nov 13	78,360.01
Tokyo Nikkei / Nov 13	38,794.83
Hang Seng / Nov 13	19,656.76
FTSE 100 / Nov 13	8,051.12
Germany DAX 30 / Nov 13	19,112.16

Item	Value
Gold 10 Grams PKR / Nov 12	231,911
Petrol/Litre / Nov 13	248.38
Crude Oil USD/Barrel / Nov 13	68.33
Karachi Cotton PKR/37.32 KG / Nov 13	18,085
Gold Spot USD/Ounce / Nov 13	2,606.22
Diesel/Litre / Nov 13	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.55 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	64.90 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	114.51 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	996.67 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.55 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	64.90 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	114.51 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	996.67 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
Pak Int.Bulk / Nov 13 Pakistan International Bulk Terminal(PIBTL)	79,861,776 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	71,760,455 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	56,364,168 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	45,537,793 ▲ 0.00
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	40,139,141 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	37,703,615 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	28,322,891 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	18,433,912 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	17,718,419 ▲ 0.00

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