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Print - 2018-05-03
FTSE pushes higher as earnings season gathers pace
Currency

FTSE pushes higher as earnings season gathers pace

British shares traded higher on Wednesday, posting a fifth session of gains in a row as metal prices boosted miners and first-quarter earnings reports lifted the London stock market. The FTSE index ended the session up 0.3 percent at 7,543.20 points, its
Published 03 May, 2018 12:00am
Sri Lankan stocks down
Cotton

Sri Lankan stocks down

Sri Lankan shares ended at their lowest in over a week on Wednesday led by textile company Teejay Lanka due to a fall in the rupee and on higher global cotton prices, brokers said. The Colombo stock index ended down 0.23 percent at 6,518.64, its lowest si
Published 03 May, 2018 12:00am
European shares climb as technology stocks shine

European shares climb as technology stocks shine

European shares rose on Wednesday, boosted by some strong earnings updates and a rising tech sector after results from Apple exceeded weak expectations. Shares in AMS, which provides the facial recognition technology used in Apple's iPhones, jumped 7 perc
Published 03 May, 2018 12:00am
China shares flat
Exchange

China shares flat

China stocks ended Wednesday roughly flat as investors returning from the Labour Day holiday braced for trade talks between US and Chinese officials amid worries about economic health. The blue-chip CSI300 index rose 0.2 percent, to 3,763.65, while the Sh
Published 03 May, 2018 12:00am
Australian, New Zealand shares rise

Australian, New Zealand shares rise

Australian shares advanced on Wednesday, driven by gains for industrials after Qantas Airways forecast a record annual profit. The S&P/ASX 200 index rose 0.6 percent or 35.0 points to 6,050.2 at the close of trade. The benchmark on Tuesday added 0.5 perce
Published 03 May, 2018 12:00am
Indian shares little changed

Indian shares little changed

India's NSE index ended marginally lower after volatile trading on Wednesday, while the BSE index was nearly flat, as IT stocks and public sector lenders weighed on sentiment but auto stocks rose, boosted by strong monthly sales. The benchmark BSE index c
Published 03 May, 2018 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields rose on Tuesday, with prices pressured ahead of a quarterly refunding announcement that is expected to show more supply as the government seeks to finance its massive tax cut program and increased fiscal spending plan. The US Treasury i
Published 03 May, 2018 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields rose on Tuesday, with prices pressured ahead of a quarterly refunding announcement that is expected to show more supply as the government seeks to finance its massive tax cut program and increased fiscal spending plan. The US Treasury i
Published 03 May, 2018 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong stocks fell on Wednesday, as investors braced for trade talks between US and Chinese officials, and awaited the US Federal Reserve's upcoming policy statement. The Hang Seng index fell 0.3 percent to 30,723.88, while the China Enterprises Index
Published 03 May, 2018 12:00am
Wall Street rises on optimism on NAFTA deal and China trade
Exchange

Wall Street rises on optimism on NAFTA deal and China trade

The S&P 500 edged higher on Tuesday after comments from a Trump administration official on trade with China and the Mexican economy minister on the renegotiation of the North American Free Trade Agreement provided cause for optimism. Mexican Economy Minis
Published 03 May, 2018 12:00am
Blue-chips lead declines as most Gulf stocks down
Exchange

Blue-chips lead declines as most Gulf stocks down

Dubai and Abu Dhabi stock exchanges both closed lower on Wednesday, as markets across the Gulf struggled for direction after recent gains, notably in Saudi Arabia. The move was in line with Asian equities, which also eased as investors awaited the US Fede
Published 03 May, 2018 12:00am
Tokyo stocks Down

Tokyo stocks Down

Tokyo stocks closed slightly lower on Wednesday as investors await the end of a policy meeting at the Federal Reserve and the release of key data. The benchmark Nikkei 225 index slipped 0.16 percent, or 35.25 points, to 22,472.78, while the broader Topix
Published 03 May, 2018 12:00am
Aussie, kiwi at multi-month lows

Aussie, kiwi at multi-month lows

The Australian and New Zealand dollars spiralled lower to multi-month lows on Wednesday, as the greenback trekked higher against most major currencies amid bets that interest rates will rise at a faster pace in the United States. In contrast, the central
Published 03 May, 2018 12:00am
Sterling stays near 3-1/2 month lows
Currency

Sterling stays near 3-1/2 month lows

Sterling gave up its earlier gains on Wednesday and fell back towards its lowest level since January as a stronger dollar and concerns about Brexit-related risks overshadowed data showing a rebound in construction activity in April. With the dollar rallyi
Published 03 May, 2018 12:00am
China's yuan weakens

China's yuan weakens

China's yuan eased to its weakest level in nearly 2-1/2 months against the US dollar on Wednesday after the central bank set a much lower official fixing, reflecting a further surge in the greenback. The dollar index, a gauge that measures the unit's stre
Published 03 May, 2018 12:00am
Asian currencies fall ahead of Fed policy decision

Asian currencies fall ahead of Fed policy decision

Asian currencies weakened on Wednesday as the dollar held firm near a four-month high on expectations that a strong US economy would lead to more rate hikes this year. Though market participants don't expect a Federal rate hike at the end of Wednesday's m
Published 03 May, 2018 12:00am
Sri Lankan rupee hits all-time low
Currency

Sri Lankan rupee hits all-time low

The Sri Lankan rupee hit a fresh low on Wednesday on importer demand for the US currency, dealers said, but recovered after the central bank intervened in the market. The local unit gained for the first time in seven sessions on Tuesday, after hitting a r
Published 03 May, 2018 12:00am
Dollar jumps in New York, turns positive for 2018
Exchange

Dollar jumps in New York, turns positive for 2018

The US dollar surged into positive territory for 2018 on Tuesday and broke past key levels against several currencies as a divergence between growth and the interest rate outlook versus other countries spurred investors to chase the currency higher. The d
Published 03 May, 2018 12:00am
Early trade in New York: dollar holds below 3-1/2 month highs before Fed

Early trade in New York: dollar holds below 3-1/2 month highs before Fed

The US dollar held below 3-1/2-month highs on Wednesday as investors awaited the outcome of a Federal Reserve meeting for indications on the US central bank's future interest rate path. The Fed was viewed as unlikely to raise rates on Wednesday, but marke
Published 03 May, 2018 12:00am
Dollar consolidates gains in European trade

Dollar consolidates gains in European trade

The dollar consolidated gains on Wednesday after hitting a 3-1/2 month high in the previous session as investors waited for the outcome of a US Federal Reserve policy meeting at which policymakers may outline the future path for interest rates.
Published 03 May, 2018 12:00am
Dollar rises in Asia
Currency

Dollar rises in Asia

The dollar held near a four-month high against a basket of major currencies on Wednesday, buoyed by the outlook for a strong US economy and rising yields amid signs of a slowdown elsewhere, especially in Europe. The dollar's index ticked down 0.1 percent
Published 03 May, 2018 12:00am
Edmund in quarters of Estoril Open

Edmund in quarters of Estoril Open

Britain's Kyle Edmund knocked out Australian teenager Alex de Minaur with a 6-2, 7-5 win to reach the quarter-finals of the Estoril Open on Wednesday. De Minaur is based in Spain and clay is his favoured surface but he had few answers as Edmund advanced i
Published 03 May, 2018 12:00am
Australia chief sees way back for disgraced Warner

Australia chief sees way back for disgraced Warner

Disgraced David Warner still has a future in Australian cricket, the sport's chief executive James Sutherland says, handing the explosive opener a lifeline after a cheating scandal. Warner was identified as the mastermind behind the plan to use sandpaper
Published 03 May, 2018 12:00am
Thai 'dwarf giant' Wanheng equals Mayweather's 50-0 record

Thai 'dwarf giant' Wanheng equals Mayweather's 50-0 record

Thai boxer Wanheng Menayothin clinched his 50th straight victory on Wednesday, stopping a Panamanian challenger to hold onto his WBC minimumweight belt and tie the undefeated record of boxing great Floyd Mayweather Jr. The 32-year-old Thai nicknamed the "
Published 03 May, 2018 12:00am
Azhar Mahmood adamant Pakistan 'want more' from Amir

Azhar Mahmood adamant Pakistan 'want more' from Amir

Pakistan bowling coach Azhar Mahmood "wants more" from Mohammad Amir, a challenge he believes the paceman will rise to in upcoming Test matches against Ireland and England. Amir was the hottest property in world cricket after bursting on the scene as a te
Published 03 May, 2018 12:00am
Sri Lanka's Karunaratne in doubt for West Indies tour

Sri Lanka's Karunaratne in doubt for West Indies tour

Sri Lanka opener Dimuth Karunaratne has fractured a finger in practice, officials said Wednesday, and is in doubt for a West Indies tour starting this month. Sri Lanka's cricket board confirmed Karunaratne sustained the injury while batting in the nets on
Published 03 May, 2018 12:00am
Brathwaite joins Kent for T20 stint

Brathwaite joins Kent for T20 stint

West Indies all-rounder Carlos Brathwaite has signed to play for Kent in their opening four matches of the Vitality Blast Twenty20 competition, the county announced on Wednesday. The World T20 champion, who made his name hitting four successive sixes in t
Published 03 May, 2018 12:00am
Malaysian badminton pair banned 20, 15 years for match-fixing

Malaysian badminton pair banned 20, 15 years for match-fixing

Two Malaysian badminton players have been hit with career-ending bans of 20 and 15 years respectively after being found guilty of corruption and match-fixing, the sport's governing body said Wednesday. The Badminton World Federation (BWF) said former worl
Published 03 May, 2018 12:00am
Benzema takes Real into Champions League final

Benzema takes Real into Champions League final

Real Madrid are within touching distance of a third consecutive Champions League triumph after Karim Benzema scored twice to eliminate Bayern Munich on Tuesday and book their place in the final. Bayern, who trailed 2-1 following last week's opening leg in
Published 03 May, 2018 12:00am
Algeria's Sonatrach boosted gas output in 2017

Algeria's Sonatrach boosted gas output in 2017

Algeria's state energy firm Sonatrach said on Monday it boosted its gas output by 5 percent to 135 billion cubic metres in 2017, marking the first time the company has used a news conference to disclose production data. Sonatrach's CEO, appointed a year a
Published 03 May, 2018 12:00am
Modest business on cotton market
Cotton

Modest business on cotton market

Modest business was witnessed on the cotton market on Wednesday amid post-holiday session, dealers said. The official spot rate was up by Rs 100 to Rs 7500, they added. In both Sindh and Punjab, seed cotton prices were at Rs 2800-3100, they said. In the r
Published 03 May, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 132,667 tonnes of cargo comprising 92,213 tonnes of import cargo and 40,454 tonnes of export cargo including 4,177 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 9
Published 03 May, 2018 12:00am
Strong Asian demand continues to hold up thermal coal markets

Strong Asian demand continues to hold up thermal coal markets

Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding not far off $100 a tonne despite the onset of the usual lull at this time of year. Benchmark Australian ther
Published 03 May, 2018 12:00am
Caterpillars hit Ivory Coast cocoa mid-crop

Caterpillars hit Ivory Coast cocoa mid-crop

Caterpillars are eating into cocoa crops in coastal regions of Ivory Coast, threatening what so far has been a promising April-to-September mid-crop, farmers said on Monday. An agronomist who advises farmers in San Pedro region told Reuters about 200 hect
Published 03 May, 2018 12:00am
CBOT wheat futures rise over three percent

CBOT wheat futures rise over three percent

Chicago Board of Trade wheat futures rose more than 3 percent Tuesday on technical buying, including short-covering, and uncertainty about the size of the US winter wheat crop as an annual crop tour began scouting fields in top producer Kansas, traders sa
Published 03 May, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,417. The traded value of Metals, Energy and COTS/FX was recorded at 4.966 billion and the number of lots traded was 10,002. Major business was contributed by gold amounti
Published 03 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 May, 2018 12:00am
State Bank of Pakistan conversion rates
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 03 May, 2018 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 03 May, 2018 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (May 02, 2018).

Published 03 May, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 02, 2018).
Published 03 May, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (May 02, 2018).

Published 03 May, 2018 12:00am
EU unveils budget penalising 'rule-of-law' violators

EU unveils budget penalising 'rule-of-law' violators

The EU unveiled plans Wednesday for a bigger 1.279-trillion euro budget for the seven years after Brexit featuring a controversial move to cut funding for countries that fail to respect democratic standards. European Commission chief Jean-Claude Juncker s
Published 03 May, 2018 12:00am
EU unveils budget penalising 'rule-of-law' violators

EU unveils budget penalising 'rule-of-law' violators

The EU unveiled plans Wednesday for a bigger 1.279-trillion euro budget for the seven years after Brexit featuring a controversial move to cut funding for countries that fail to respect democratic standards. European Commission chief Jean-Claude Juncker s
Published 03 May, 2018 12:00am
Anti-judiciary speech: LHC summons Ahsan on May 7

Anti-judiciary speech: LHC summons Ahsan on May 7

The Lahore High Court on Tuesday directed Interior Minister Ahsan Iqbal to appear before the court on May 07 and explain his position about an 'anti-judiciary' speech responding to remarks of Chief Justice Pakistan about his involvement in appointment of
Published 03 May, 2018 12:00am
Anti-judiciary speech: LHC summons Ahsan on May 7

Anti-judiciary speech: LHC summons Ahsan on May 7

The Lahore High Court on Tuesday directed Interior Minister Ahsan Iqbal to appear before the court on May 07 and explain his position about an 'anti-judiciary' speech responding to remarks of Chief Justice Pakistan about his involvement in appointment of
Published 03 May, 2018 12:00am
Nawaz accused of owning Avenfield properties since 1993
Exchange

Nawaz accused of owning Avenfield properties since 1993

Former Prime Minister Nawaz Sharif has been owning and possessing the Avenfield properties since 1993, the prosecution witness and investigation officer of National Accountability Bureau (NAB) told an Accountability Court on Wednesday.
Published 03 May, 2018 12:00am
Nawaz accused of owning Avenfield properties since 1993
Exchange

Nawaz accused of owning Avenfield properties since 1993

Former Prime Minister Nawaz Sharif has been owning and possessing the Avenfield properties since 1993, the prosecution witness and investigation officer of National Accountability Bureau (NAB) told an Accountability Court on Wednesday.
Published 03 May, 2018 12:00am
BRIndex100 turns bearish
Exchange

BRIndex100 turns bearish

Pakistan Stock Exchange witnessed declining trend due to selling in various sectors. BRIndex100 lost 34.93 points or 0.72 percent to close at 4,837.07 points on Wednesday. During the session the BRIndex100 touched an intraday high of 4,872.22 and an intra
Published 03 May, 2018 12:00am
BRIndex100 turns bearish
Exchange

BRIndex100 turns bearish

Pakistan Stock Exchange witnessed declining trend due to selling in various sectors. BRIndex100 lost 34.93 points or 0.72 percent to close at 4,837.07 points on Wednesday. During the session the BRIndex100 touched an intraday high of 4,872.22 and an intra
Published 03 May, 2018 12:00am
BRIndex100 turns bearish
Exchange

BRIndex100 turns bearish

Pakistan Stock Exchange witnessed declining trend due to selling in various sectors. BRIndex100 lost 34.93 points or 0.72 percent to close at 4,837.07 points on Wednesday. During the session the BRIndex100 touched an intraday high of 4,872.22 and an intra
Published 03 May, 2018 12:00am
Opposition terms budget 2018-19 unconstitutional
Exchange

Opposition terms budget 2018-19 unconstitutional

Leader of Opposition in the National Assembly Syed Khursheed Shah Wednesday termed the budget for fiscal year 2018-19 unconstitutional and announced to reject it. "We consider this budget totally unconstitutional and reject it," he said while opening deba
Published 03 May, 2018 12:00am
Opposition terms budget 2018-19 unconstitutional
Exchange

Opposition terms budget 2018-19 unconstitutional

Leader of Opposition in the National Assembly Syed Khursheed Shah Wednesday termed the budget for fiscal year 2018-19 unconstitutional and announced to reject it. "We consider this budget totally unconstitutional and reject it," he said while opening deba
Published 03 May, 2018 12:00am
Opposition terms budget 2018-19 unconstitutional
Exchange

Opposition terms budget 2018-19 unconstitutional

Leader of Opposition in the National Assembly Syed Khursheed Shah Wednesday termed the budget for fiscal year 2018-19 unconstitutional and announced to reject it. "We consider this budget totally unconstitutional and reject it," he said while opening deba
Published 03 May, 2018 12:00am
Opposition terms budget 2018-19 unconstitutional
Exchange

Opposition terms budget 2018-19 unconstitutional

Leader of Opposition in the National Assembly Syed Khursheed Shah Wednesday termed the budget for fiscal year 2018-19 unconstitutional and announced to reject it. "We consider this budget totally unconstitutional and reject it," he said while opening deba
Published 03 May, 2018 12:00am
The Weather

The Weather

The weather report on Wednesday (May 02, 2018) and the forecast for Thursday (May 03, 2018).

Published 03 May, 2018 12:00am
Cabinet irked by reduction in PSDP allocations

Cabinet irked by reduction in PSDP allocations

While presenting facts about the economy, Prime Minister Shahid Khaqan Abbasi has reportedly acknowledged that the country''s tax revenue is not even enough to finance defence and debt servicing; well-informed sources told Business Recorder. He mad
Published 03 May, 2018 12:00am
Cabinet irked by reduction in PSDP allocations

Cabinet irked by reduction in PSDP allocations

While presenting facts about the economy, Prime Minister Shahid Khaqan Abbasi has reportedly acknowledged that the country's tax revenue is not even enough to finance defence and debt servicing; well-informed sources told Business Recorder. He made
Published 03 May, 2018 12:00am
Cabinet irked by reduction in PSDP allocations

Cabinet irked by reduction in PSDP allocations

While presenting facts about the economy, Prime Minister Shahid Khaqan Abbasi has reportedly acknowledged that the country's tax revenue is not even enough to finance defence and debt servicing; well-informed sources told Business Recorder. He made
Published 03 May, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 02, 2018).

Published 03 May, 2018 12:00am
Growth rate has increased but...
Exchange

Growth rate has increased but...

The economy has shown sharply divergent symptoms and indicators in 2017-18. According to the estimates by the Pakistan Bureau of Statistics, the GDP growth rate has been rising consistently since 2012-13 reaching a peak of 5.8% by 2017-18. This is the hig
Published 03 May, 2018 12:00am
Growth rate has increased but...
Exchange

Growth rate has increased but...

The economy has shown sharply divergent symptoms and indicators in 2017-18. According to the estimates by the Pakistan Bureau of Statistics, the GDP growth rate has been rising consistently since 2012-13 reaching a peak of 5.8% by 2017-18. This is the hig
Published 03 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 02, 2018).

Published 03 May, 2018 12:00am
Growth rate has increased but...
Exchange

Growth rate has increased but...

The economy has shown sharply divergent symptoms and indicators in 2017-18. According to the estimates by the Pakistan Bureau of Statistics, the GDP growth rate has been rising consistently since 2012-13 reaching a peak of 5.8% by 2017-18. This is the hig
Published 03 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 02, 2018).

Published 03 May, 2018 12:00am
Growth rate has increased but...
Exchange

Growth rate has increased but...

The economy has shown sharply divergent symptoms and indicators in 2017-18. According to the estimates by the Pakistan Bureau of Statistics, the GDP growth rate has been rising consistently since 2012-13 reaching a peak of 5.8% by 2017-18. This is the hig
Published 03 May, 2018 12:00am
Growth rate has increased but...
Exchange

Growth rate has increased but...

The economy has shown sharply divergent symptoms and indicators in 2017-18. According to the estimates by the Pakistan Bureau of Statistics, the GDP growth rate has been rising consistently since 2012-13 reaching a peak of 5.8% by 2017-18. This is the hig
Published 03 May, 2018 12:00am
THE RUPEE: no change
Currency

THE RUPEE: no change

The rupee managed to hold overnight levels against the dollar on the money market on Wednesday in the process of trading activity, dealers said.
Published 03 May, 2018 12:00am
THE RUPEE: no change
Currency

THE RUPEE: no change

The rupee managed to hold overnight levels against the dollar on the money market on Wednesday in the process of trading activity, dealers said.
Published 03 May, 2018 12:00am