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Print - 2018-05-15
IMF urges 'more forceful' investment effort from Berlin

IMF urges 'more forceful' investment effort from Berlin

Germany must take "more forceful" action to prepare its booming economy for the future by ramping up public investments, the International Monetary Fund said Monday, as calls mount for Berlin to reduce its oft-criticised trade surplus. The plea comes afte
Published 15 May, 2018 12:00am
Banks should 'segregate' any bitcoin activities: ECB
Currency

Banks should 'segregate' any bitcoin activities: ECB

Banks wanting to trade in digital currencies should make sure those activities are clearly "segregated" from their other operations, a top ECB official cautioned Monday, as ever more financial institutions mull jumping on the bitcoin bandwagon. "Due to th
Published 15 May, 2018 12:00am
Xerox ends merger with Fujifilm

Xerox ends merger with Fujifilm

US photocopier and printer maker Xerox on Sunday announced it was terminating a merger with Fujifilm and appointing a new chief executive after entering into a settlement with activist shareholders who had contested the takeover. In a statement on its web
Published 15 May, 2018 12:00am
UK government awards submarine contract to BAE Systems

UK government awards submarine contract to BAE Systems

The UK government on Monday said it had awarded British defence group BAE Systems a contract to build nuclear-powered submarines. The Ministry of Defence said in a statement that BAE had been awarded a contract worth £1.5 billion ($2.0 billion, 1.7 billio
Published 15 May, 2018 12:00am
China approves $1 billion loan for Sri Lanka expressway

China approves $1 billion loan for Sri Lanka expressway

China has approved a $1 billion loan to revive a long-delayed expressway in central Sri Lanka, the island's government said Monday. Construction of the first phase of the road linking the capital Colombo with the hill resort of Kandy had been delayed for
Published 15 May, 2018 12:00am
Bangladesh bourse sells stake to China, rejects India bid

Bangladesh bourse sells stake to China, rejects India bid

Bangladesh's main stock exchange signed an agreement Monday selling a quarter of the bourse to a Chinese consortium, an official said, formally rejecting a rival bid from regional ally India. Officials from the Shenzhen Stock Exchange and Shanghai Stock E
Published 15 May, 2018 12:00am
Striking French rail staff up pressure on government

Striking French rail staff up pressure on government

French rail workers sought to up the ante in weeks of strikes Monday, slashing the number of trains running as the government insists it will not back down in the standoff. Monday marked the 18th day of strikes since early April against President Emmanuel
Published 15 May, 2018 12:00am
China hails Trump's ZTE olive branch

China hails Trump's ZTE olive branch

China on Monday hailed President Donald Trump's offer to prevent Chinese telecom giant ZTE from collapsing due to a US technology ban, as the two sides prepare for new negotiations this week to avert a trade war. In an apparent olive branch, Trump announc
Published 15 May, 2018 12:00am
FTSE dips after run, IWG surges on possible bidding war

FTSE dips after run, IWG surges on possible bidding war

UK shares fell slightly on Monday following a strong run, while a potential bidding war for IWG triggered a surge in the serviced office provider's stock, the latest deal in a flurry of mergers and acquisitions. The index of leading UK stocks fell nearly
Published 15 May, 2018 12:00am
Australian, New Zealand stocks climb

Australian, New Zealand stocks climb

Australian shares rose on Monday, carried higher by BHP hitting its highest since August 2014 and giving the index a valuable boost. The S&P/ASX 200 index rose 0.3 percent, or 19 points to 6,135.3 at the close of trade. The benchmark closed marginally low
Published 15 May, 2018 12:00am
M&A shakes up European shares as financials decline

M&A shakes up European shares as financials decline

Weak financial stocks weighed on European shares on Monday after a strong run of weekly gains, while dealmaking livened up trading with Portugal's EDP and Britain's IWG both jumping on takeover offers. The pan-European STOXX 600 index dipped 0.1 percent,
Published 15 May, 2018 12:00am
China stocks soar

China stocks soar

China stocks rose on Monday amid signs of easing trade tensions between Beijing and Washington, while investors awaited MSCI's final A-share inclusion list. The blue-chip CSI300 index rose 0.9 percent, to 3,909.29, while the Shanghai Composite Index rose
Published 15 May, 2018 12:00am
Indian shares flat

Indian shares flat

Indian shares ended largely unchanged on Monday, ahead of the consumer price inflation data for April later in the day, with investors awaiting election results in the key southern state of Karnataka. Exit polls on Saturday suggested that Prime Minister N
Published 15 May, 2018 12:00am
South East Asian stocks up; Malaysia gains in heavy trade
Currency

South East Asian stocks up; Malaysia gains in heavy trade

Most Southeast Asian markets climbed on Monday with Malaysia ending higher as trading resumed after the stunning defeat of a coalition that ruled the country for over six decades, while Vietnam rose more than 2 percent led by real estate stocks.
Published 15 May, 2018 12:00am
Sri Lankan shares tumble

Sri Lankan shares tumble

Sri Lankan shares ended at a near five-week low on Monday, led by industrial shares such as John Keells Holdings, while foreign outflows and the recent fuel price hike weighed on sentiment, stockbrokers said. State-run fuel retailer Ceylon Petroleum Corp
Published 15 May, 2018 12:00am
Tokyo stocks rise

Tokyo stocks rise

Tokyo stocks rose for the third consecutive session Monday on a weak yen, as market sentiment stayed positive on sound corporate earnings and expectations that US inflation will stay low. The benchmark Nikkei 225 index gained 0.47 percent or 107.38 points
Published 15 May, 2018 12:00am
Hong Kong stocks up

Hong Kong stocks up

Hong Kong stocks rose for a six straight session and hit a more than seven-week high on Monday, as Sino-US trade tensions eased after US President Donald Trump pledged on Sunday to help ZTE Corp "get back into business, fast." The Hang Seng index rose 1.4
Published 15 May, 2018 12:00am
Qatar bourse outperforms Gulf markets

Qatar bourse outperforms Gulf markets

Qatar stocks rose more than one percent on Monday, leading among Gulf markets, as investors bet that index-compiler MSCI will increase weightings for some of the country's top blue-chip companies in its emerging market index review. Banking stocks drove S
Published 15 May, 2018 12:00am
Aussie, kiwi off lows
Currency

Aussie, kiwi off lows

The Australian dollar notched up its fourth straight session of gains on Monday, breaking free from the 11-month low it hit last week. The New Zealand dollar was barely changed at $0.6965, well above last week's low of $0.6903 - a level not seen since las
Published 15 May, 2018 12:00am
Sterling rises away from recent lows
Currency

Sterling rises away from recent lows

Sterling rose on Monday as the dollar weakened against its rivals and investors bought back the pound ahead of unemployment and wages data, which sterling bulls hope will help the currency recover now that any interest rate hikes look further away.
Published 15 May, 2018 12:00am
Sri Lankan rupee hits record low
Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee hit a record low of 158 per dollar on Monday in thin trade after the central bank chief said the currency will depreciate gradually while exporters stayed away from the market expecting further weakness. The rupee ended at 157.95/158.
Published 15 May, 2018 12:00am
Argentina peso drops over 6 percent
Currency

Argentina peso drops over 6 percent

Argentina's peso plummeted by more than 6 percent on Monday, sparking new inflation fears for Latin America's third-largest economy. The currency fell 6.6 percent to trade at 25.20 against the dollar as markets opened.
Published 15 May, 2018 12:00am
Asian forex: Ringgit reverses losses, rupiah slips
Currency

Asian forex: Ringgit reverses losses, rupiah slips

The Malaysian ringgit pared losses after falling to its lowest in over a year on Monday following last week's shock election upset, while most other Asian currencies gained on the dollar. The ringgit fell as much as 0.9 percent as Malaysian markets reopen
Published 15 May, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 83.10-83.10 (Previous 83.10-83.10).
Published 15 May, 2018 12:00am
Dollar slides further in Europe as euro rallies towards $1.20
Currency

Dollar slides further in Europe as euro rallies towards $1.20

The dollar headed for its fourth successive day of losses on Monday as broad risk appetite returned and investors questioned whether a recent rally by the greenback had run out of steam. The dollar index against a basket of six major currencies hit a 4-1/
Published 15 May, 2018 12:00am
Early trade in New York: dollar slips as rally loses momentum

Early trade in New York: dollar slips as rally loses momentum

The dollar fell to one-week lows on Monday as investors questioned whether a rally that last week sent the greenback to more than four-month highs had run out of steam. The dollar has gained as a rise in US Treasury yields highlighted the wide interest ra
Published 15 May, 2018 12:00am
Dollar dips in Asia
Currency

Dollar dips in Asia

The dollar's recent rally ran out of steam on Monday with US yields sinking as investors wound back expectations that the US Federal Reserve will launch a series of rapid rate hikes this year. The dollar index against a basket of six major currencies was
Published 15 May, 2018 12:00am
China's yuan eases
Currency

China's yuan eases

China's yuan eased slightly against the dollar on Monday, as the central bank's firmer fixing of the local currency boosted corporate demand for the cheaper greenback. Prior to market opening, the People's Bank of China set the yuan midpoint rate at 6.334
Published 15 May, 2018 12:00am
CBOT corn futures lower

CBOT corn futures lower

Chicago Board of Trade corn futures fell Friday on fund-driven long liquidation amid a lack of fresh supportive news, and spillover weakness from soybeans and wheat, traders said. CBOT July corn settled down 5-1/2 cents at $3.96-1/2 per bushel after hitti
Published 15 May, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 287,339 tonnes of cargo comprising 243,117 tonnes of import cargo and 44,222 tonnes of export cargo including 4,569 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 243
Published 15 May, 2018 12:00am
Strategie Grains keeps gloomy EU wheat export outlook

Strategie Grains keeps gloomy EU wheat export outlook

Analyst firm Strategie Grains maintained its outlook for a sharp drop in European Union soft wheat exports in 2017/18, while also scaling back its expectations for a rebound next season. The analyst nudged up its forecast for EU soft wheat exports in the
Published 15 May, 2018 12:00am
Asian naphtha strong on tight supplies

Asian naphtha strong on tight supplies

Asia's naphtha fundamentals were strong as tight supplies against firm demand lifted Indian spot premiums to levels not seen since 2015. India's Mangalore Refinery and Petrochemicals Ltd (MRPL) on May 9 sold 35,000 tonnes of naphtha for June 1-3 loading f
Published 15 May, 2018 12:00am
CBOT soyabean futures fall on technical selling

CBOT soyabean futures fall on technical selling

Chicago Board of Trade soyabean futures fell nearly 2 percent on Friday on a mix of technical selling including long liquidation ahead of the weekend, and uncertainty about trade disputes with top global soya buyer China, traders said.
Published 15 May, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,467. The traded value of Metals, Energy and COTS/FX was recorded at 6.509 billion and the number of lots traded was 10,206.
Published 15 May, 2018 12:00am
No business seen on cotton market
Cotton

No business seen on cotton market

Not a single deal was reported on the cotton market on Monday due to less buying interest by spinners, dealers said. The official spot rate was unchanged at Rs 7400, they added. Commenting on the listless business, cotton analyst, Naseem Usman said that l
Published 15 May, 2018 12:00am
Brazilian soya boom spells bumper year for agricultural equipment

Brazilian soya boom spells bumper year for agricultural equipment

Agricultural equipment makers in Brazil are banking on strong sales this year, boosted by a second straight bumper soya crop and rising grain prices, which will more than offset weakness in the sugar cane sector, they said at a major trade show. Some mach
Published 15 May, 2018 12:00am
Euronext wheat eases to two-week low

Euronext wheat eases to two-week low

Euronext wheat eased on Friday to touch a near two-week low, tracking a fall in Chicago after a higher than expected official forecast of US wheat production kept the market focus on ample supplies. Trading volumes and price movements were limited on Euro
Published 15 May, 2018 12:00am
China's iron and steel rise on hopes of higher demand

China's iron and steel rise on hopes of higher demand

China's iron and steel prices rose on Friday amid growing optimism about demand as inventories of metal continued to fall and buying from the real estate market strengthened, while coke rallied as investors braced for output cuts in Jiangsu province. "Chi
Published 15 May, 2018 12:00am
CBOT wheat futures hit two-week low

CBOT wheat futures hit two-week low

Chicago Board of Trade wheat futures hit a two-week low on Friday on technical selling and as Thursday's larger-than-expected US wheat production forecast eased concerns about dry weather curbing yield prospects in the southern Plains, traders said. CBOT
Published 15 May, 2018 12:00am
EU rapeseed oil prices little changed

EU rapeseed oil prices little changed

EU rapeseed oil asking prices were little changed on Friday with support from gains in Chicago soyabean oil futures offset by the strength of the euro. Dealers said the market was partly adjusting to gains in Chicago on Thursday when much of Europe was on
Published 15 May, 2018 12:00am
Ukraine spring grain sowing 84 percent complete

Ukraine spring grain sowing 84 percent complete

Ukrainian farmers have sown 6.2 million hectares of spring grains or 84 percent of the total area as of Friday, the country's Agriculture Ministry said. Farmers have sown around 1.5 million hectares of spring barley, 412,000 hectares of peas, 185,000 hect
Published 15 May, 2018 12:00am
European gasoline cracks rise, stocks fall

European gasoline cracks rise, stocks fall

Benchmark northwest European gasoline barge cracks rose on Friday as gasoline stocks fell. Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell to their lowest since January in the past week,
Published 15 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 15 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 15 May, 2018 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 15 May, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest

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 15 May, 2018 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (May 14, 2018).

Published 15 May, 2018 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 Monday (May 14, 2018).

Published 15 May, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 14, 2018).
Published 15 May, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (May 14, 2018).

Published 15 May, 2018 12:00am
Rs 352.3 billion Balochistan budget unveiled

Rs 352.3 billion Balochistan budget unveiled

The Balochistan Assembly on Monday presented province's budget for fiscal year 2018-19 with a total outlay of Rs 352.3 billion, Radio Pakistan reported. Advisor to the Chief Minister on Financial Affairs Ruqayya Saeed Hashmi presented the budget. In her b
Published 15 May, 2018 12:00am
PM puts his weight behind ex-PM

PM puts his weight behind ex-PM

Prime Minister Shahid Khaqan Abbasi claimed on Monday that National Security Council (NSC) did not condemn Nawaz Shairf's statement but misreporting of the statement was condemned. Soon after a meeting of National Serenity Council (NSC), speaking to media
Published 15 May, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 15 May, 2018 12:00am
PM puts his weight behind ex-PM

PM puts his weight behind ex-PM

Prime Minister Shahid Khaqan Abbasi claimed on Monday that National Security Council (NSC) did not condemn Nawaz Shairf's statement but misreporting of the statement was condemned. Soon after a meeting of National Serenity Council (NSC), speaking to media
Published 15 May, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 15 May, 2018 12:00am
Nawaz defends remarks

Nawaz defends remarks

Former Prime Minister Nawaz Sharif Monday said that he will stick to his statement that he had made about the Mumbai attacks no matter what the consequences will be. Sharif was talking to reporters here inside the Accountability Court, hearing corruption
Published 15 May, 2018 12:00am
Nawaz defends remarks

Nawaz defends remarks

Former Prime Minister Nawaz Sharif Monday said that he will stick to his statement that he had made about the Mumbai attacks no matter what the consequences will be. Sharif was talking to reporters here inside the Accountability Court, hearing corruption
Published 15 May, 2018 12:00am
BRIndex100 plummets

BRIndex100 plummets

Pakistan Stock Exchange remained under heavy pressure following controversial statement by former prime minister Nawaz Sharif that led to selling in the market, analysts said. The market participants remained concerned, as they consider potential impact o
Published 15 May, 2018 12:00am
BRIndex100 plummets

BRIndex100 plummets

Pakistan Stock Exchange remained under heavy pressure following controversial statement by former prime minister Nawaz Sharif that led to selling in the market, analysts said. The market participants remained concerned, as they consider potential impact o
Published 15 May, 2018 12:00am
BRIndex100 plummets

BRIndex100 plummets

Pakistan Stock Exchange remained under heavy pressure following controversial statement by former prime minister Nawaz Sharif that led to selling in the market, analysts said. The market participants remained concerned, as they consider potential impact o
Published 15 May, 2018 12:00am
Israeli forces kill dozens in Gaza as US Embassy opens in Jerusalem

Israeli forces kill dozens in Gaza as US Embassy opens in Jerusalem

Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday as the United States opened its embassy to Israel in Jerusalem, a move that has fueled Palestinian anger and drawn foreign criticism that it undermines peace efforts. I
Published 15 May, 2018 12:00am
Israeli forces kill dozens in Gaza as US Embassy opens in Jerusalem

Israeli forces kill dozens in Gaza as US Embassy opens in Jerusalem

Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday as the United States opened its embassy to Israel in Jerusalem, a move that has fueled Palestinian anger and drawn foreign criticism that it undermines peace efforts. I
Published 15 May, 2018 12:00am
Supplementary Punjab budget presented

Supplementary Punjab budget presented

Punjab Finance Minister Dr Ayesha Ghous Pasha on Monday presented amid protest by opposition Rs 1898 billion supplementary budget for the year 2017-18 in addition to Rs 85 billion revised budget for the current financial year. The budget session was presi
Published 15 May, 2018 12:00am
Supplementary Punjab budget presented

Supplementary Punjab budget presented

Punjab Finance Minister Dr Ayesha Ghous Pasha on Monday presented amid protest by opposition Rs 1898 billion supplementary budget for the year 2017-18 in addition to Rs 85 billion revised budget for the current financial year. The budget session was presi
Published 15 May, 2018 12:00am
French university exams halted for hundreds as protests persist

French university exams halted for hundreds as protests persist

Hundreds of French students saw their end-of-term exams suspended Monday as protesters blocked access to two universities, the latest in months of demonstrations against the government's plans to introduce more selective admission requirements. Tests were
Published 15 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 14, 2018).

Published 15 May, 2018 12:00am