News Archives for Print - 2018-05-08

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 08 May, 2018 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 08 May, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 08 May, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 08 May, 2018 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 08 May, 2018 12:00am

European gasoline decline on transatlantic exports

Gasoline declined by over 7 percent on the back of busy exports on the transatlantic route and to West Africa. Total oil product stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell to their lowest th

Published 08 May, 2018 12:00am

CBOT soyabean futures down

Chicago Board of Trade soyabean futures fell on Friday as the outcome of US-China trade talk disappointed traders worried about reduced demand for US soyabeans from the world's biggest buyer. July soyabeans unofficially ended down 16-3/4 cents at $10.36-1

Published 08 May, 2018 12:00am

Vegetable Oil

Palm oil prices fall on European vegoils market

Palm oil prices on the European vegetable oils market extended this week's decline on Friday, depressed partly by the strength of the US dollar. Asking prices for crude palm oil ranged from unchanged to $7.50 a tonne lower. Prices have now mostly fallen a

Published 08 May, 2018 12:00am

Ukraine spring grain sowing 76 percent complete

Ukrainian farmers have sown 5.6 million hectares of spring grains or 76 percent of the total area as of Monday, the country's Agriculture Ministry said. Farmers have sown 1.6 million hectares of spring barley, 408,000 hectares of peas, 181,000 hectares of

Published 08 May, 2018 12:00am

Asian naphtha crack falls at two-session low

Asia's naphtha crack was at a two-session low of $87.70 a tonne on Wednesday after hitting a near one-month high on Friday as some buyers have yet to emerge after completing purchases of cargoes scheduled for first-half June delivery. But Japan's Asahi Ka

Published 08 May, 2018 12:00am

Currency

Euronext wheat prices hit new high

Euronext wheat prices hit a new seven-month high on Friday as a fresh drop in the euro helped offset a pullback in US wheat after a weather-driven rally this week. December milling wheat, the new-crop benchmark and most active contract on Paris-based Euro

Published 08 May, 2018 12:00am

Demand for gold barely changed in major Asian hubs

Demand for physical gold barely changed in major Asian hubs this week even as global prices weakened, while a correction in local rates in India prompted retail consumers and jewellers to start purchases. In India, gold futures were trading at around 31,0

Published 08 May, 2018 12:00am

Cotton

Cotton prices firm on modest trade

Cotton prices maintained a firm posture on the cotton market on Monday in the process of modest trade activity, dealers said. The official spot rate was unchanged at Rs 7500, they added. In the ready session, approximately, 2000 bales of cotton changed ha

Published 08 May, 2018 12:00am

Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,442. The traded value of Metals, Energy and COTS/FX was recorded at 5.417 billion and the number of lots traded was 8,245.

Published 08 May, 2018 12:00am

CBOT corn futures lower

Chicago Board of Trade corn futures ended lower on Friday on technical selling and in a setback from recent rallies, traders said. CBOT July corn settled down 1-3/4 cents at $4.06-1/4 per bushel, after matching a nine-month high of $4.08-1/4 reached on Th

Published 08 May, 2018 12:00am

CBOT wheat futures fall

Chicago Board of Trade wheat futures dropped on Friday on technical selling and easing concerns about the size of the crop grown in the Great Plains, traders said. CBOT July soft red winter wheat settled down 11-3/4 cents at $5.26-1/4 a bushel.

Published 08 May, 2018 12:00am

European feed meal prices down

Feed meal prices in Europe fell on Friday, weakened by a fall in Chicago soyameal prices, traders said. "We have seen a strong rise in soyameal prices this week and I think the European market was pausing today as the US also fell back," one trader said.

Published 08 May, 2018 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 351,892 tonnes of cargo comprising 220,073 tonnes of import cargo and 131,819 tonnes of export cargo including 8,088 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 22

Published 08 May, 2018 12:00am

Canadian canola futures mixed

ICE Canadian canola futures ended mixed on Friday, on technical selling for the nearby contract and modest buying of deferred supplies. Later contracts are supported by concerns about dryness in Western Canada and uncertainty about spring planting levels,

Published 08 May, 2018 12:00am

Currency

Russia seen increasing FX buying

Russia's finance ministry is expected to buy more foreign currency in May as oil prices rise, a Reuters poll showed on Thursday. The finance ministry is seen buying the equivalent of 300 billion roubles ($4.73 billion) between May 10 and June 6, up from t

Published 08 May, 2018 12:00am

Currency

Dollar- index at near four-month high in Asia

The dollar stayed near its 2018 peak on Monday after US jobs and wages data did little to temper perceptions of strength in the US economy, though renewed concerns about trade frictions could cloud its outlook. The dollar index stood at 92.461, down 0.1 p

Published 08 May, 2018 12:00am

Currency

Early trade in New York: dollar hits strongest level of 2018, euro slips

The dollar hit its highest level against a basket of currencies so far in 2018 as investors increased bets that rising interest rates in the United States would boost the greenback, while traders unwound their bearish positions on the currency. The index

Published 08 May, 2018 12:00am

Currency

Dollar strengthens back towards 2018 high in Europe

The dollar climbed back towards its highest level in 2018 on Monday as investors continued to bet that rising interest rates in the United States would boost the greenback. The index measuring the dollar against a basket of currencies rose 0.2 percent to

Published 08 May, 2018 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 83.10-83.10 (Previous 82.98-82.98).

Published 08 May, 2018 12:00am

Most Asian currencies down

Most Asian currencies were lower on Monday, with the Thai baht falling the most, as the US dollar held near its 2018 peak as it shrugged off weaker US jobs and wages data out on Friday. Investor sentiment on the dollar remained buoyant, despite data showi

Published 08 May, 2018 12:00am

Currency

Turkish lira weakens

The Turkish lira weakened against the dollar in early Monday trade, hit by global strength in the US currency in addition to persistent concerns about the central bank's ability to rein in double-digit inflation. The lira dropped as far as 4.2715 against

Published 08 May, 2018 12:00am

Currency

LatAm currencies extend slide; Argentine peso up

Most Latin American currencies extended their slide on Monday due to persistent concerns over rising US interest rates, but the Argentine peso firmed for a second day in the wake of a sharp rate hike. Currencies from Chile, Mexico, Brazil and Colombia sli

Published 08 May, 2018 12:00am

Currency

Yuan steadies

The yuan started the week on a firmer footing on Monday, supported by corporate dollar sales after it drifted lower last week on a lack of concrete progress in US-China trade talks. Sentiment in the Chinese currency improved in early trade after a weak pe

Published 08 May, 2018 12:00am

Currency

Canadian dollar dips

The Canadian dollar weakened against its US counterpart on Monday as the greenback broadly rose and talks to update the NAFTA trade deal entered a make-or-break week. Ministers from Canada, the United States and Mexico meet in Washington on Monday to disc

Published 08 May, 2018 12:00am

Gulf markets sluggish despite oil price gains

Markets in the Gulf were sluggish on Monday as a surge in oil prices to more than three-year highs failed to lift stocks. Oil prices rose to their highest levels since late-2014 on Monday, lifted by Venezuela's deepening economic crisis and an upcoming de

Published 08 May, 2018 12:00am

Australian, New Zealand stocks up

Australian shares ended higher on Monday, as a rise in materials stocks pushed the benchmark higher, although gains were capped as financials eased from intraday highs ahead of the 2018 budget. The S&P/ASX 200 index rose 0.36 percent or 21.6 points to 6,0

Published 08 May, 2018 12:00am

Tokyo stocks flat

Tokyo stocks closed flat Monday in sluggish trading as investors stayed on the sidelines in the middle of corporate results season, while exporters faced moderate pressure on a stronger yen. The benchmark Nikkei 225 index edged down 0.03 percent or 5.62 p

Published 08 May, 2018 12:00am

Monday's early afternoon trade: Wall Street climbs on oil rally, tech gains

Wall Street rose on Monday as energy stocks were boosted by US crude hitting $70 per barrel for the first time since late 2014, while technology shares were lifted by Apple's sixth day of gains. The S&P energy index surged 2 percent, the biggest gainer am

Published 08 May, 2018 12:00am

Vinhomes launches Vietnam's biggest equity issue

Vinhomes JSC, the residential property developer of conglomerate Vingroup JSC, launched an equity issue of up to $1.4 billion, making it the country's biggest-ever IPO in a market, drawing strong interest from global and local funds. The issue eclipsed an

Published 08 May, 2018 12:00am

South East Asian stocks: Indonesia bounces back; Malaysia falls further

Indonesian shares rose 1.6 percent on Monday, driven by gains in consumer stocks on the likelihood of a higher palm oil import quota from China, while Malaysian shares fell for a fourth straight session ahead of the general elections on Wednesday. China i

Published 08 May, 2018 12:00am

Hong Kong stocks surge

Hong Kong stocks rose slightly on Monday, as fears of a full-blown Sino-US trade war receded ahead of a flurry of Chinese economic data in the coming weeks. The Hang Seng index rose 0.2 percent, to 29,994.26 points, while the China Enterprises Index gaine

Published 08 May, 2018 12:00am

Disappointing data pushes down eurozone bond yields, Italy in focus

Eurozone government bond yields dipped on Monday as an unexpected fall in German industrial orders served as a reminder that a softening in economic data will encourage the European Central Bank to prolong an unwinding of stimulus. The biggest yield falls

Published 08 May, 2018 12:00am

Disappointing data pushes down eurozone bond yields, Italy in focus

Published 08 May, 2018 12:00am

India shares up

Indian shares ended higher on Monday, boosted by bank stocks such as ICICI Bank, which gained 3.6 percent ahead of its March-quarter results later in the day. The benchmark BSE index closed up 0.84 percent at 35,208.14, following two consecutive sessions

Published 08 May, 2018 12:00am

China stocks rise

China stocks rebounded sharply on Monday amid optimism about robust April economic data despite lingering Sino-US trade tensions, as investors bid up tech shares after regulators detailed rules that pave the way for domestic flotation of overseas-listed t

Published 08 May, 2018 12:00am

UK markets closed

Stocks, financial and commodity markets in London were closed on Monday bank holiday. Markets resume normal trading on Tuesday.

Published 08 May, 2018 12:00am

TSX climbs to 13-week high

Canada's main stock index climbed to a more than 13-week high on Monday, as the energy sector got a boost from higher oil prices and talks to update the North American Free Trade Agreement entered a crucial week. At 9:42 am ET (1342 GMT), the Toronto Stoc

Published 08 May, 2018 12:00am

European shares buoyed by Nestle, turmoil hammers Air France

European shares closed higher on Monday, supported by strong earning updates and gains in Nestle after the Swiss-based food firm agreed a tie-up with Starbucks. A weak euro, which typically gives an accounting boost to companies who sell products or servi

Published 08 May, 2018 12:00am

Tourism nearly a tenth of global CO2 emissions

Domestic and international tourism account for eight percent of greenhouse gas emissions, four times more than previously estimated, according to a study published Monday. The multi-trillion dollar industry's carbon footprint is expanding rapidly, driven

Published 08 May, 2018 12:00am

Venezuela annual inflation nears 14,000 percent

Venezuela's annualized inflation reached nearly 14,000 percent in April, according to figures released on Monday by the country's opposition-led National Assembly, which publishes its own economic indicators amid silence at the central bank. The Opec nati

Published 08 May, 2018 12:00am

Saudi Arabia to supply oil to fuel-starved Sudan

Saudi Arabia will supply Sudan with millions of tonnes of oil for the next five years to help it tackle a growing energy crisis, the African country's oil minister said Monday. Sudan has been hit with an acute fuel crisis for weeks now, sending black mark

Published 08 May, 2018 12:00am

Currency

China's April FX reserves fall to five-month low

China's foreign exchange reserves in April fell more than expected, to a five-month low, as the US dollar rebounded and on growing signs that Chinese regulators are less worried about capital flight. Reserves fell $17.97 billion in April to $3.125 trillio

Published 08 May, 2018 12:00am

Saudi Arabia Q1 budget gap 34.3 billion riyals

Saudi Arabia's first quarter budget deficit stood at 34.3 billion Saudi riyals ($9.15 billion), around 18 percent of the total gap forecast for 2018, the finance ministry said on Monday. The kingdom - which is making concerted efforts to diversify its oil

Published 08 May, 2018 12:00am

German industrial orders slip further

German industrial orders fell for the third month in a row in March, official data showed Monday, disappointing the expectations of analysts who had hoped for a rebound. New contracts for industrial firms fell back 0.9 percent, federal statistics authorit

Published 08 May, 2018 12:00am

Australia grants first banking licence to online startup

Australia authorised its first banking licence to an internet-only startup on Monday, a step the banking regulator said it hoped would improve competition in a sector dominated by four major lenders. The Australian Prudential Regulation Authority (APRA) i

Published 08 May, 2018 12:00am

Dubai Holding to invest in digital bank, first product launch in 2019

Dubai Holding, the investment vehicle of the emirate's ruler, said it plans to invest up to 1 billion dirhams ($272 million) over the next five years in a digital bank in the United Arab Emirates that is expected to launch its first product in 2019.

Published 08 May, 2018 12:00am

News agencies hail 'major step' by EU to make net giants pay for news

News agencies welcomed Monday what they called a "major step" by the EU parliament's legal committee asking internet giants to pay for press articles. Officials are hammering out an overhaul of EU copyright rules against the backdrop of free online news t

Published 08 May, 2018 12:00am

Nestle pays $7.15 billion to sell Starbucks products

Swiss food giant Nestle announced Monday it will pay $7.15 billion in cash for the global rights to market Starbucks products outside of the company's coffee shops. The agreement gives Nestle, which owns the Nescafe and Nespresso brands, a strong platform

Published 08 May, 2018 12:00am

Poland plays down possible EU budget cuts

Poland on Monday played down possible EU funding cuts over its controversial judicial reforms - in addition to sanctions it already faces - saying it sees room for negotiation over financial allocations. Unveiling the 2021-27 budget last week, the Europea

Published 08 May, 2018 12:00am

Afghanistan's poverty rate rises as economy suffers

Afghanistan's poverty rate has worsened sharply over the past five years as the economy has stalled and the Taliban insurgency has spread, with more than half the population living on less than a dollar a day, a survey published on Monday showed.

Published 08 May, 2018 12:00am

Bayern Munich and Japanese FA unveil partnership deal

German champions Bayern Munich and the Japan Football Association (JFA) on Monday announced a partnership agreement with a focus on youth talent and the exchange of training knowledge. "We are fascinated by the opportunity for our biggest talents to be in

Published 08 May, 2018 12:00am

All Pakistan Table Tennis Tournament ends

An elegant prize distribution ceremony was held for winning teams/players of first All Pakistan Food Authority Table Tennis Tournament held at Chromatex Table Tennis Club here on Monday. The tournament was jointly organized by Punjab Food Authority (PFA)

Published 08 May, 2018 12:00am

Inter-Division Punjab Boxing : over 100 women take part in trial

Over one hundred women participated in the 2-day trials of Inter-Division Punjab Open Boxing Championship. The trials were conducted in the presence of male/female doctors at two AIBA-standard boxing rings which is unprecedented in the history of the coun

Published 08 May, 2018 12:00am

Peshawar lead KP Inter-Regional Men, Women Games

Peshawar led the women Games by winning first position in Basketball, Baseball, Hockey and Handball in the ongoing Khyber Pakhtunkhwa Inter-Regional Men and Women Games being played on different venues at Charsadda, Peshawar and Mardan on Monday. Peshawar

Published 08 May, 2018 12:00am

Barcelona draw with Real to stay unbeaten

Lionel Messi weaved his magic to keep 10-man Barcelona's unbeaten season alive as a 2-2 draw at the Camp Nou on Sunday left Real Madrid sweating over an injury to Cristiano Ronaldo. Ronaldo was forced off at half-time after appearing to hurt his ankle and

Published 08 May, 2018 12:00am

Asad extends hundred to add Pakistan lead

Asad Shafiq increased his overnight hundred before Pakistan were given a solid workout in the field by Northamptonshire on Sunday's third day of their final warm-up match ahead of next week's Test against Ireland. Shafiq, who resumed on 135 not out, went

Published 08 May, 2018 12:00am

Rabada injury a 'blessing in disguise', says Donald

South Africa fast bowler Kagiso Rabada's back injury could yet prove to be a "blessing in disguise", according to former Proteas paceman Allan Donald. At the age of just 22, Rabada is already on top of the International Cricket's Test bowling rankings and

Published 08 May, 2018 12:00am

PTCL holds Inter-Telecom Table Tennis, Badminton League

Pakistan Telecommunication Company Limited (PTCL) organized Inter-Telecom Table Tennis and Badminton League which was held at Rodham Hall, Sports Complex Islamabad. The four-day event that began on May 2, comprised 8 teams from Pakistan's leading telecomm

Published 08 May, 2018 12:00am

Kerb

Sharapova moves into Madrid last 16

Maria Sharapova's clay-court revival is gathering pace after the Russian eased past Romanian big-hitter Irina-Camelia Begu at the Madrid Open on Monday. Sharapova arrived in Spain on the back of four consecutive defeats but two wins, the latest a 7-5, 6-1

Published 08 May, 2018 12:00am

Djokovic edges past Nishikori at Madrid Open

Novak Djokovic scored his best-ranked victory in almost a year by coming through his nightmare first round against world number 20 Kei Nishikori at the Madrid Open on Monday. The 12-time major champion could now face Kyle Edmund in round two, if the Brito

Published 08 May, 2018 12:00am

Foreign donors to Afghanistan fuelling corruption: US watchdog

Foreign donors have flooded Afghanistan with more money than it can absorb, exacerbating corruption and fuelling the drawn-out conflict, US independent auditor John Sopko has said in an interview with AFP. The comments by the US government's special inspe

Published 08 May, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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