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Print - 2018-05-25
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 24, 2018).

Published 25 May, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 24, 2018).
Published 25 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 Thursday (May 24, 2018).

Published 25 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 Thursday (May 24, 2018).

Published 25 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 25 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 25 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 May, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,494. The traded value of Metals, Energy and COTS/FX was recorded at 7.226 billion and the number of lots traded was 11,937.
Published 25 May, 2018 12:00am
Asian naphtha hits more than five-month high

Asian naphtha hits more than five-month high

Asia's naphtha crack rose for the fourth straight session on Tuesday towards a five-month high of $115.45 a tonne on the back of strong demand, while the gasoline crack was at a 5-1/2 month high of $9.91 a barrel. Asia's demand for naphtha in general has
Published 25 May, 2018 12:00am
Activities at Karachi Port

Activities at Karachi Port

The Karachi Port handled 185,352 tonnes of cargo comprising 149,370 tonnes of import cargo and 35,982 tonnes of export cargo including 6,870 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 25 May, 2018 12:00am
CBOT soyabean futures higher

CBOT soyabean futures higher

Chicago Board of Trade soyabean futures closed higher on Tuesday as easing trade tensions between the United States and China raised hopes for larger soya exports, traders said. A bumper soyabean harvest in Brazil and a faster-than-expected planting pace
Published 25 May, 2018 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose at the weekly auction for the second time in a row, due to strong demand for quality leaf despite higher volumes on offer. Bangladeshi tea fetched average of 223.71 taka ($2.6) per kg at the auction centre in the port city of
Published 25 May, 2018 12:00am
European gasoline margins lower

European gasoline margins lower

Benchmark northwest European gasoline refining margins edged lower on Tuesday, pressured by refineries returning from seasonal maintenance and higher oil prices. Industry monitor Genscape said on Tuesday that the gasoline-making fluid catalytic cracker at
Published 25 May, 2018 12:00am
India to build sugar stockpile to cut surplus supplies

India to build sugar stockpile to cut surplus supplies

India will build government stockpiles of sugar to cut a surplus in the market, two official sources said on Tuesday, a move that will prop up local prices and help money-losing mills pay dues to millions of cane growers, a key voting bloc. The cabinet of
Published 25 May, 2018 12:00am
Lean business witnessed
Cotton

Lean business witnessed

Lean business was again witnessed on the cotton market on Thursday as leading mills conspicuous by their absence, dealers said. The official spot rate was unchanged at Rs 7500, they added. In the ready session, only single deal reported till our going to
Published 25 May, 2018 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures edged higher on Tuesday, pulled up by spillover strength from grains. Canola's gains lagged those of US soybeans in Monday's session, when the canola market was closed, as some dry areas of Western Canada got modest weekend rai
Published 25 May, 2018 12:00am
Subdued conditions on cotton market
Cotton

Subdued conditions on cotton market

On the ready cotton market, traders in Karachi reported easy and dull conditions prevailing on Thursday. Even though hardly about 100,000 bales of cotton (155 Kgs) reportedly remain unsold with the ginners from the current crop (August 2017/July 2018), an
Published 25 May, 2018 12:00am
Subdued conditions on cotton market
Cotton

Subdued conditions on cotton market

On the ready cotton market, traders in Karachi reported easy and dull conditions prevailing on Thursday. Even though hardly about 100,000 bales of cotton (155 Kgs) reportedly remain unsold with the ginners from the current crop (August 2017/July 2018), an
Published 25 May, 2018 12:00am
World Bank lowers Russia 2018 economic growth forecast

World Bank lowers Russia 2018 economic growth forecast

The World Bank on Wednesday lowered its forecast for Russia's economic growth in 2018 to 1.5 percent from 1.7 percent and warned Russia faces more years of modest economic prospects. The World Bank said in a regular report it expected Russia's economy to
Published 25 May, 2018 12:00am
Bank of Korea holds rates

Bank of Korea holds rates

The Bank of Korea held interest rates steady for a sixth straight month on Thursday, with inflation seen remaining below target and trade frictions between the United States and China raising fears of collateral damage to other export-reliant Asian econom
Published 25 May, 2018 12:00am
German consumer morale declines further heading into June

German consumer morale declines further heading into June

German consumer sentiment deteriorated further heading into June to reach the lowest level so far in 2018, a survey showed on Thursday, suggesting that household spending in Europe's biggest economy could slow in the coming months.
Published 25 May, 2018 12:00am
Dollar loses steam in Asian trade
Currency

Dollar loses steam in Asian trade

The dollar lost momentum on Thursday after the double-whammy of dovish-looking minutes of the Federal Reserve's last policy meeting and the threat by US President Donald Trump of imposing new tariffs on imported cars. The euro was hampered by concerns ove
Published 25 May, 2018 12:00am
Euro edges up in Europe
Currency

Euro edges up in Europe

The euro rose off a six-month low on Thursday as the dollar faltered but concerns over an economic slowdown in Europe and political risks in Italy continued to act as a brake. The euro is set to be down for a sixth consecutive week against the dollar - th
Published 25 May, 2018 12:00am
Dollar rises in New York as Fed minutes signal a hike 'soon'
Currency

Dollar rises in New York as Fed minutes signal a hike 'soon'

The dollar held near a more than five-month high against a basket of currencies on Wednesday, after minutes of the Federal Reserve's May policy meeting showed most policymakers thought it likely another interest rate increase would be warranted "soon" if
Published 25 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 Thursday. 83.70-83.70 (Previous 83.70-83.70).
Published 25 May, 2018 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee fell on Thursday on importer dollar demand, while exporters stayed on the sidelines on expectation the currency would weaken further in line with other emerging markets. A possible slump in the country's top agriculture export, tea, d
Published 25 May, 2018 12:00am
Most Asian currencies gain
Currency

Most Asian currencies gain

Most emerging Asian currencies strengthened on Thursday as the dollar weakened following seemingly dovish minutes from the Federal Reserve's last policy meeting and possible new US tariffs. While the minutes showed most policymakers thought it likely anot
Published 25 May, 2018 12:00am
Lira plummets
Currency

Lira plummets

Turkey's lira weakened more than 3 percent on Thursday, giving up a large chunk of the gains it made after the central bank raised interest rates by 300 points a day earlier, as investors bet another hike would be needed to tame the sell-off. The central
Published 25 May, 2018 12:00am
Sterling below day's highs
Currency

Sterling below day's highs

Sterling edged below the day's highs on Thursday after upbeat British retail sales data, with traders wary of pushing the currency too much further given persistent concerns over Brexit negotiations. The British currency extended gains to rise half a perc
Published 25 May, 2018 12:00am
Aussie, kiwi rebound

Aussie, kiwi rebound

The Australian and New Zealand dollars rebounded on Thursday, as the greenback lost momentum after minutes of the Federal Reserve's last policy meeting were seen as dovish, but gains were tempered on renewed fears of a US-led trade war. The Australian dol
Published 25 May, 2018 12:00am
Qatar stocks up on foreign ownership hopes

Qatar stocks up on foreign ownership hopes

Qatari stocks led regional gains on Thursday after the government announced it was moving ahead with a draft law to allow full foreign ownership of companies. Qatar's index rose 0.6 percent, despite lingering questions about how the plan differed from a s
Published 25 May, 2018 12:00am
Nikkei index down for third straight session

Nikkei index down for third straight session

Tokyo's benchmark Nikkei index fell for the third consecutive session on Thursday, with automakers battered by news that Washington was considering possible tariffs on automobile imports. The Nikkei 225 index dropped 1.11 percent, or 252.73 points, to 22,
Published 25 May, 2018 12:00am
Thursday's early afternoon trade

Thursday's early afternoon trade

US stocks fell on Thursday after President Donald Trump cancelled a planned historic summit with North Korean leader Kim Jong Un and threatened tariffs on auto imports while trade tensions with China simmered. Trump cancelled the June 12 meeting "based on
Published 25 May, 2018 12:00am
Wall Street ends up as Fed seen keeping gradual approach to rate hikes

Wall Street ends up as Fed seen keeping gradual approach to rate hikes

US stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes. Most Fed policymakers thought it likely another rate increase would be warranted
Published 25 May, 2018 12:00am
Hong Kong stocks soar

Hong Kong stocks soar

Hong Kong stocks ended higher on Thursday, helped by services and energy companies, though gains were capped amid renewed concerns over China-US trade tensions. At close of trade, the Hang Seng index rose 0.3 percent to 30,760.41 points, while the China E
Published 25 May, 2018 12:00am
Treasury yields hold at lower levels
Currency

Treasury yields hold at lower levels

US Treasury yields held at lower levels on Wednesday after minutes of the Federal Reserve's May meeting showed that most Fed policymakers thought it likely another interest rate increase would be warranted "soon" if the US economic outlook remains intact.
Published 25 May, 2018 12:00am
Treasury yields hold at lower levels
Currency

Treasury yields hold at lower levels

US Treasury yields held at lower levels on Wednesday after minutes of the Federal Reserve's May meeting showed that most Fed policymakers thought it likely another interest rate increase would be warranted "soon" if the US economic outlook remains intact.
Published 25 May, 2018 12:00am
Indian shares up

Indian shares up

Indian shares ended higher on Thursday as IT stocks such as Infosys Ltd and Tata Consultancy Services Ltd (TCS) gained on the back of a weaker rupee. The broader NSE index closed 0.8 percent higher at 10,513.85 while the benchmark BSE index ended 0.93 per
Published 25 May, 2018 12:00am
China stocks extend losses

China stocks extend losses

China stocks extended losses on Thursday, after falling the most in a month in the previous session, as caution prevailed amid renewed concerns over China-US trade tensions. The blue-chip CSI300 index closed down 0.7 percent at 3,827.22 points, while the
Published 25 May, 2018 12:00am
European shares led lower by autos stocks, Deutsche Bank

European shares led lower by autos stocks, Deutsche Bank

European stocks fell on Thursday as carmaker shares came under pressure after the United States launched an investigation into auto imports, while Deutsche Bank dropped after announcing thousands of job cuts. The STOXX 600 index fell 0.5 percent to an 8-d
Published 25 May, 2018 12:00am
Sri Lankan shares edge up

Sri Lankan shares edge up

Sri Lankan shares rose slightly on Thursday after posting their lowest close in more than one week in the previous session, as investors picked up beverage stocks while block deals lifted turnover. Investors continued to stay on the sidelines as they wait
Published 25 May, 2018 12:00am
SE Asian markets: Indonesia jumps most in 22 months; Malaysia falls

SE Asian markets: Indonesia jumps most in 22 months; Malaysia falls

Indonesian stocks jumped 2.7 percent on Thursday, the most since August 2016, while Malaysian shares fell for a fourth straight session as a widening probe over corruption linked to the previous government and continued capital outflows weighed on investo
Published 25 May, 2018 12:00am
North Korea setback, sterling weigh on FTSE but mid-caps shine

North Korea setback, sterling weigh on FTSE but mid-caps shine

President Donald Trump's decision to cancel a summit with North Korean leader Kim Jong Un weighed on British shares in afternoon trading, while gains in sterling prompted by better retail sales data also bruised the internationally-exposed FTSE 100. The b
Published 25 May, 2018 12:00am
Canada blocks China purchase of construction firm Aecon

Canada blocks China purchase of construction firm Aecon

Canada has blocked Chinese state-owned CCCC's acquisition of construction firm Aecon Group, citing on Thursday national security concerns in a decision widely expected to create a rift between Ottawa and Beijing. China Communications Construction Company
Published 25 May, 2018 12:00am
UK consumers return to shops after snowy start to 2018

UK consumers return to shops after snowy start to 2018

British retail sales jumped last month by the most in one-and-a-half years, official figures showed on Thursday, suggesting the economy was recovering from a snowy start to the year. The Bank of England is waiting for signs of recovery before it raises in
Published 25 May, 2018 12:00am
Rush to comply with new EU data law

Rush to comply with new EU data law

Companies made a last-minute rush Thursday to comply with new European Union data protection laws that Brussels says will protect consumers from being like "people naked in an aquarium". The EU's so-called General Data Protection Regulation takes effect o
Published 25 May, 2018 12:00am
EU reaches deal with Gazprom in anti-trust case

EU reaches deal with Gazprom in anti-trust case

The EU on Thursday settled a high-stakes anti-trust case against Gazprom, the Kremlin-backed energy giant, over claims it abused its dominant positon as a gas provider in eastern Europe member states. With the deal Gazprom avoids billions in fines and off
Published 25 May, 2018 12:00am
Australia's Westpac cleared of rate rigging

Australia's Westpac cleared of rate rigging

Australia's Westpac Banking Corp was cleared by a court of accusations it rigged a key rate to boost profit, but the win on Thursday against a regulator was dampened by an additional finding of unconscionable conduct by the bank. The mostly favourable rul
Published 25 May, 2018 12:00am
US Iran sanctions take aim at airlines

US Iran sanctions take aim at airlines

The US ramped up sanctions on Iran Thursday, targeting several airlines it said were linked to the country's Islamic Revolutionary Guard Corps (IRGC). The US Treasury placed on its blacklist nine individuals and entities in Iran and Turkey for obtaining a
Published 25 May, 2018 12:00am
Deutsche Bank slashes over 7,000 jobs in major shake-up

Deutsche Bank slashes over 7,000 jobs in major shake-up

Germany's largest lender Deutsche Bank said Thursday it will slash over 7,000 jobs globally and dramatically scale back its investment banking activities as it seeks to turn the page on years of losses. The announcement fell on the same day as the bank's
Published 25 May, 2018 12:00am
Tight supply weighs on US home sales; job market strengthening

Tight supply weighs on US home sales; job market strengthening

US home sales tumbled in April as an acute shortage of properties limited choices for potential buyers, the latest sign that the housing market was struggling to regain momentum. While other data on Thursday showed an increase in the number of Americans f
Published 25 May, 2018 12:00am
France to pump 65 million euros into African startups
Kerb

France to pump 65 million euros into African startups

France will plough 65 million euros ($76 million) into startups in Africa, President Emmanuel Macron announced Thursday at a technology conference in Paris. Macron made the announcement at the third edition of the VivaTech trade fair, which brings togethe
Published 25 May, 2018 12:00am
Fans return 1,000 tickets as Champions League price hikes spell misery

Fans return 1,000 tickets as Champions League price hikes spell misery

Real Madrid fans have returned 1,000 tickets for Saturday's Champions League final against Liverpool as spiralling accommodation and travel costs deter supporters from travelling to Kiev. UEFA president Aleksander Ceferin said the tickets could not be res
Published 25 May, 2018 12:00am
'Good news' for Kvitova as alleged attacker taken into custody

'Good news' for Kvitova as alleged attacker taken into custody

Two-time Wimbledon champion Petra Kvitova rejoiced Thursday after a man who allegedly attacked her with a knife in 2016 was taken into custody but her spokesman said the case was not yet over. "Naturally this is good news for Petra Kvitova, but the whole
Published 25 May, 2018 12:00am
Ailing Kohli to miss English county games

Ailing Kohli to miss English county games

India captain Virat Kohli on Thursday pulled out of a month long stint with English county Surrey because of a neck injury and is now in a race to be ready for his country's tour of England. The key 29-year-old batsman will undergo rehabilitation that wil
Published 25 May, 2018 12:00am
Serena, Sharapova poised for French Open last-16 clash

Serena, Sharapova poised for French Open last-16 clash

Three-time champion Serena Williams will face Kristyna Pliskova of the Czech Republic in the French Open first round after the draw was made on Thursday with a potential clash against bitter rival Maria Sharapova in the last 16. Former world number one Wi
Published 25 May, 2018 12:00am
Ireland's Ed Joyce retires from cricket

Ireland's Ed Joyce retires from cricket

Dual international Ed Joyce on Thursday announced his retirement from all forms of cricket less than a fortnight after realising his dream of playing a Test for Ireland. The 39-year-old was one of the 11 men who made history against Pakistan in Malahide e
Published 25 May, 2018 12:00am