News Archives for Print - 2018-05-25

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

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

The following were the fluctuations observed during the day:

Published 25 May, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 25 May, 2018 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 May, 2018 12:00am

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

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

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

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

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

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 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

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

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

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

Cotton

Subdued conditions on cotton market

Published 25 May, 2018 12:00am

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

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 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

Currency

Uzbekistan must keep up reform after currency liberalisation: lenders

After liberalising its foreign exchange system, Uzbekistan now needs to restructure its entire economy distorted by the decades of strict currency and price controls, officials from the World Bank and International Monetary Fund told Reuters.

Published 25 May, 2018 12:00am

Currency

Lira weakness reflects quick-fix government measures: business lobby

The Turkish government's quick-fix economic packages has called the continued health of the economy into question and this is reflected in the recent slide in the lira, the head of Turkey's main business lobby group TUSIAD said on Thursday.

Published 25 May, 2018 12:00am

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

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

Currency

Early trade in New York: dollar slips against basket of currencies

The dollar fell against a basket of currencies on Thursday and hit a two-week low against the Japanese yen, after US President Donald Trump called off a summit meeting with North Korean leader Kim Jong Un and as traders booked profits following the greenb

Published 25 May, 2018 12:00am

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

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

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

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

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

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

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

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

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

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

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 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

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

Currency

Treasury yields hold at lower levels

Published 25 May, 2018 12:00am

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 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 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 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

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

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 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

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

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

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 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

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

Rusal shakes up board to slip out of US sanctions

Half of the board of Rusal resigned on Thursday as the Russian aluminium giant scrambled to avoid US sanctions targeting its founder Oleg Deripaska.

Published 25 May, 2018 12:00am

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

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

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

Europe fears trade dispute escalation as US weighs auto tariffs

The European Union and German automakers reacted with dismay Thursday after the US said tariffs on car imports could be on the horizon, potentially opening a new front in a burgeoning transatlantic trade conflict.

Published 25 May, 2018 12:00am

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

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

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

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

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 19	278.08
USD PKR Interbank Buying / Sep 19	277.78
USD to Japanese Yen / Sep 19	142.08
USD to Swiss Franc / Sep 19	0.85
Pound Sterling to USD / Sep 19	1.33
Euro to USD / Sep 19	1.12

Stock	Volume
S&P 500 / Sep 19	5,713.64
India Sensex / Sep 19	82,948.23
Tokyo Nikkei / Sep 19	37,935.58
Nasdaq / Sep 19	18,013.98
Hang Seng / Sep 19	18,316.86
FTSE 100 / Sep 19	8,328.72
Dow Jones / Sep 19	42,025.19
Germany DAX 30 / Sep 19	19,002.38

Item	Value
Crude Oil USD/Barrel / Sep 19	72.01
Karachi Cotton PKR/37.32 KG / Sep 19	18,935
Gold 10 Grams PKR / Sep 19	230,195
Gold Spot USD/Ounce / Sep 19	2,592.50
Cotton US¢/pound / Sep 19	73.05
Petrol/Litre / Sep 20	249.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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