News Archives for Print - 2018-06-12

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 12 Jun, 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 12 Jun, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 12 Jun, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 12 Jun, 2018 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 12 Jun, 2018 12:00am

Canadian canola futures fall

ICE Canadian canola futures fell on Friday to their lowest nearby price in nearly three months, weakened by lower soya prices and technical selling. Funds, which trade on technical indicators, have sold nearly all their net long position, a trader said. F

Published 12 Jun, 2018 12:00am

Asian gasoline crack rises to two-session high

Asia's gasoline crack edged up 14 cents on Monday to a two-session high of $6.73 a barrel while the naphtha crack was also at a two-session high of $81.85 a tonne, as lower oil prices provided some respite to refiners. But naphtha spot premiums were softe

Published 12 Jun, 2018 12:00am

Drought may cut Ukraine's 2018 wheat harvest

Severe drought in eastern and southern regions could shrink Ukraine's 2018 wheat harvest by 15-30 percent below original forecasts, the state hydrometeorological centre said on Friday. Ukraine has seen no substantial rain since April and none is forecast

Published 12 Jun, 2018 12:00am

CBOT soyabean futures decline in 10 months

Warm wet weather in the US heartland and fears over trade woes sent Chicago Board of Trade soyabean futures sliding for a fifth straight session on Friday, and hit the steepest weekly decline in 10 months. Chicago Board of Trade July soyabeans fell 5 cent

Published 12 Jun, 2018 12:00am

China's May soyabean imports rebound

China soyabean imports leapt in May from the previous month as buyers scooped up purchases from Brazil's bumper harvest, but were still in line with the same month last year, despite markets concerns over a US trade war. China, the world's top soyabean bu

Published 12 Jun, 2018 12:00am

EU wheat in quiet end to choppy week

Euronext wheat was little changed on Friday in a quiet end to a choppy week as traders waited to see if weekend weather would confirm risks to crops in parts of Europe and the Black Sea region. December milling wheat the most active contracts on Paris-bas

Published 12 Jun, 2018 12:00am

Russian 2018 grain crop estimate cut by two leading forecasters

Leading Russian agricultural consulting firms SovEcon and IKAR have cut their estimates for the country's 2018 grain harvest due to cold wet conditions in the key spring wheat regions of Siberia and the Urals. Russia, which gathered a record grains harves

Published 12 Jun, 2018 12:00am

Cotton

Cotton prices soar on strong demand

Official spot rate and seed cotton prices went up sharply on the cotton market on Monday in the process of modest trading activity, dealers said. The official spot rate gained Rs 100 to Rs 7,600, they added. In the ready session, approximately, 600 bales

Published 12 Jun, 2018 12:00am

Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,509. The traded value of Metals, Energy and COTS/FX was recorded at USD 3.701 billion and the number of lots traded was 4,866.

Published 12 Jun, 2018 12:00am

CBOT wheat futures end on sour note

Chicago Board of Trade wheat futures ended Friday on a sour note, falling as traders scrambled to take profits even as global supplies showed signs of tightening, traders said. CBOT's July soft red winter wheat ended the day down 6-3/4 cents, closing at $

Published 12 Jun, 2018 12:00am

China's May iron ore imports jump

China's iron ore imports rebounded in May after a dip the previous month, as steel mills ramp up output to cash in on strong margins despite environmental curbs across the country. Shipments of the steelmaking raw material in May rose 13.5 percent from Ap

Published 12 Jun, 2018 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 298,690 tonnes of cargo comprising 220,402 tonnes of import cargo and 78,288 tonnes of export cargo including 5,519 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 220

Published 12 Jun, 2018 12:00am

CBOT corn bounces off four-month low

Chicago Board of Trade corn futures inched up slightly on Friday as investors covered short positions after forecasts for warm, rainy weather in the heart of the US corn belt sent prices to multi-month lows early in the session. CBOT July corn settled the

Published 12 Jun, 2018 12:00am

New Zealand women hammer Ireland again

New Zealand women overpowered their Irish counterparts by once more piling up a total in excess of 400 for another win by more than 300 runs in the second of three one-day internationals in Dublin on Sunday. Friday saw New Zealand post a mammoth 490 for f

Published 12 Jun, 2018 12:00am

Brazil touch down in Russia ahead of World Cup

A confident Brazil squad arrived in Russia in the early hours of Monday morning as they set their sights on winning the World Cup for the sixth time. Neymar and the rest of the team touched down in Sochi, the Black Sea resort city where they will be based

Published 12 Jun, 2018 12:00am

Teenage Afghan googly wizard wows cricketing world

He's 19 and from a country at war for decades, but Rashid Khan of Afghanistan is the toast of the cricket world with his leg-spin wizardry.

Published 12 Jun, 2018 12:00am

Messi says Argentina future depends on World Cup

Argentina captain Lionel Messi said his international future will be determined by his country's performance at the World Cup in Russia. "It will depend on how far we go, how we're going to finish" at the finals, Messi said in an interview with Spanish da

Published 12 Jun, 2018 12:00am

World Cup big guns limber up in Russia as atmosphere builds

The World Cup big guns limbered up on Monday ahead of the tournament opener in Russia while brash underdogs Australia warned Euro 2016 finalists France to brace for an early shock. As the atmosphere built before Thursday's curtainraiser between the hosts

Published 12 Jun, 2018 12:00am

Vettel claims 50th win and goes top in title race

Sebastian Vettel claimed the 50th win of his career and reclaimed the lead of this year's world championship on Sunday when he ended Lewis Hamilton's run of supremacy at the Canadian Grand Prix. The four-time champion German drove his Ferrari with near fl

Published 12 Jun, 2018 12:00am

Teen driver dies in moto accident

Spanish teen moto hope Andreas Perez, 14, died Monday from severe injuries sustained in a crash Sunday in a junior world championships race at the Montmelo outside Barcelona, organisers said. "After yesterday's incident during the Moto3 World Championship

Published 12 Jun, 2018 12:00am

Vietnam to host English League Cup draw

Vietnam will stage the draw for the first round of next season's English League Cup on Friday. The League Cup, won by Manchester City in February, is sponsored by Thai energy drinks firm Carabao and two rounds of last year's tournament were also drawn in

Published 12 Jun, 2018 12:00am

Steyn returns to South African squad

Much-injured fast bowler Dale Steyn was on Monday named in a 15-man South African squad for two Test matches in Sri Lanka next month. Steyn, who turns 35 on June 27, has missed 27 of South Africa's most recent 32 Test matches. He has been plagued by groin

Published 12 Jun, 2018 12:00am

Trump habit of ripping up documents a headache for record-keepers

US President Donald Trump habitually tears up documents he is finished using, forcing White House record-keepers to gather up the pieces and tape them back together, news site Politico reported. "It was the craziest thing ever. He ripped papers into tiny

Published 12 Jun, 2018 12:00am

Prince William to meet Netanyahu, Abbas

Britain's Prince William will hold talks with Israeli Prime Minister Benjamin Netanyahu and Palestinian president Mahmud Abbas during a visit to the Middle East on which he will also meet Syrian refugees, his spokesman said Monday.

Published 12 Jun, 2018 12:00am

UN peacekeeper killed

A Burundian soldier in the UN peacekeeping mission in the Central African Republic (CAR) was killed late Sunday in a clash in the centre of the country, UN sources said. The fighting occurred in the town of Bambari, according to UN sources there and in th

Published 12 Jun, 2018 12:00am

Supreme Court approves Ohio's method of purging voter rolls

A sharply divided US Supreme Court on Monday approved the practice by the state of Ohio of purging infrequent voters from their registration lists - a move civil rights groups claim disproportionately affects minorities and the poor. In a 5-4 decision, th

Published 12 Jun, 2018 12:00am

US sanctions force Nike to drop Iran boot deal ahead of World Cup

US sporting goods giant Nike confirmed Monday it had stopped supplying Iran's football team with boots ahead of the World Cup due to sanctions. A statement from Nike said the company was forbidden from supplying kit to the Iranian team as it prepares for

Published 12 Jun, 2018 12:00am

Syria regime expels IS from border town

Syria regime forces ousted the Islamic State group from a town near the border with Iraq on Monday after days of clashes to end a deadly incursion there, a monitor said. On Friday, the jihadists used at least 10 suicide bombers in their offensive on Albu

Published 12 Jun, 2018 12:00am

920,000 displaced in Syria in 2018, highest since conflict began: UN

More than 920,000 people were displaced inside Syria during the first four months of 2018, the highest level in the seven-year conflict, the United Nations said Monday. "We are seeing a massive displacement inside Syria... From January to April, there wer

Published 12 Jun, 2018 12:00am

Belgium hands Paris attacks suspect to France

Belgian authorities on Monday handed a key suspect in the 2015 Paris attacks and 2016 Brussels bombings over to France for questioning ahead of possible terror charges by French prosecutors. Osama Krayem, a Swede of Syrian origin, was transferred "for one

Published 12 Jun, 2018 12:00am

Japan slams Russia for laying cables to disputed island

Japanese officials criticised Russia on Monday for its plans to lay fibre-optic cables to islands disputed by Tokyo and Moscow, calling the construction work "deplorable" and "without legal basis." Ties between Japan and Russia have been strained for deca

Published 12 Jun, 2018 12:00am

Spain offers to take in stranded migrant ship

Spain offered Monday to take in a ship stranded in the Mediterranean with 629 migrants aboard after Italy and Malta refused to let the vessel dock in their ports. The migrants, including pregnant women and scores of children, were saved by the French char

Published 12 Jun, 2018 12:00am

Philippines demands China stop taking fishermen's catch

The Philippines on Monday demanded that China stop confiscating the catch of Filipino fishermen in the disputed South China Sea, calling the practice "unacceptable". The remarks by President Rodrigo Duterte's spokesman were a rare public rebuke from Manil

Published 12 Jun, 2018 12:00am

Italy seeks Nato help in tackling migrant crisis

Italy has appealed to Nato for greater help in tackling illegal immigration from North Africa, especially Libya, with its new government saying the country was "under attack" from the south. EU rules mean migrants must apply for asylum in the European cou

Published 12 Jun, 2018 12:00am

EU urges 'swift resolution' on stranded migrants

The European Union on Monday called on Italy and Malta to reach a "swift resolution" to allow a boat carrying hundreds of migrants to dock, saying it was a "humanitarian imperative." More than 600 people are stuck aboard the ship Aquarius, run by a French

Published 12 Jun, 2018 12:00am

Currency

Cryptocurrencies tumble after South Korea hack

Cryptocurrencies plunged in Asia on Monday after a hack on a South Korean exchange sparked fresh concerns about the safety of the digital units. The attack on Coinrail comes months after Japanese firm Coincheck said it had lost more than $500 million in a

Published 12 Jun, 2018 12:00am

Canadian dollar dips, euro gains in Asia

The Canadian dollar fell modestly on Monday, after US President Donald Trump disrupted the G7's efforts to show a united front and bashed Canada's leader as "very dishonest," though market reaction was relatively muted. The euro edged up as traders looked

Published 12 Jun, 2018 12:00am

Currency

Early trade in New York: Italy's pledge boosts euro, Canadian dollar falls

The euro rose to a near two-week high on Monday after assurances from Italy that it would not leave the European Union calmed investors' nerves before the European Central Bank's policy meeting on Thursday. Italy's economy minister Giovanni Tria said on S

Published 12 Jun, 2018 12:00am

Currency

Euro rises in Europe on Italy relief

The euro rose to a near two-week high on Monday after assurances from Italy that it would not leave the European Union calmed investors' nerves before a key European Central Bank (ECB) policy meeting. Italy's economy minister said on Sunday his new coalit

Published 12 Jun, 2018 12:00am

Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee hit a record low on Monday, as importer dollar demand outpaced greenback sales by exporters who held back from selling the US currency expecting a further decline in the rupee, dealers said. The spot rupee hit an all-time low of 159.8

Published 12 Jun, 2018 12:00am

Currency

Most emerging Asian currencies climb

Most emerging Asian currencies edged higher on Monday ahead of a US-North Korea summit that might ease regional tensions, while traders also focus on key central bank meetings later this week. US President Donald Trump and North Korean leader Kim Jong Un

Published 12 Jun, 2018 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 83.70-83.70 (Previous 83.70-83.70).

Published 12 Jun, 2018 12:00am

Currency

Yuan inches up

China's yuan on Monday inched up against the US dollar, which eased in global markets at the start of an event-packed week. The dollar slipped against a basket of major currencies after a G7 meeting ended in disarray and before policy meetings of the Fede

Published 12 Jun, 2018 12:00am

Currency

Sterling falls against dollar, euro

Sterling slid against the dollar and the euro on Monday after British factory output suffered its biggest monthly drop since 2012, underlining that economic momentum remains fragile and will likely need to improve before interest rates are raised. Data pu

Published 12 Jun, 2018 12:00am

Currency

Aussie, kiwi up

The New Zealand and Australian dollars stayed slightly below recent highs on Monday, moving only marginally amid jitters over the possibility of new trade conflicts after a G7 meeting ended in contention. The New Zealand currency was largely flat, up 0.06

Published 12 Jun, 2018 12:00am

Emaar sends Dubai index higher; other Gulf markets have mixed fortunes

Dubai's stock market extended its rally on Monday, backed by solid gains from property developer Emaar, whereas other markets in the region closed mixed amid muted trading and profit taking ahead of the Eid holiday. The Dubai index jumped 1.4 percent, con

Published 12 Jun, 2018 12:00am

Sri Lankan stocks lower

Sri Lankan shares edged lower on Monday, falling for a fourth straight session to end at their lowest close in more than five months, as investors continued to stay on the sidelines looking for fresh cues. The Colombo stock index ended 0.04 percent weaker

Published 12 Jun, 2018 12:00am

New Zealand shares fall

New Zealand shares fell in early trade on Monday as fears of a global trade war heightened after US President Donald Trump threw the G7's efforts to show a united front into disarray. New Zealand's benchmark S&P/NZX 50 index declined 0.3 percent or 24.18

Published 12 Jun, 2018 12:00am

Tokyo shares soar

Tokyo stocks rose Monday as investors awaited a historic US-North Korea summit and central bank meetings of major economies this week. The benchmark Nikkei 225 index added 0.48 percent or 109.54 points to close at 22,804.04 while the broader Topix index r

Published 12 Jun, 2018 12:00am

Monday's early afternoon trade: Wall Street rises ahead of Trump-Kim summit

US stocks rose on Monday, driven by gains in Facebook and a handful of healthcare stocks ahead of a highly anticipated meeting between President Donald Trump and North Korean leader Kim Jong Un.

Published 12 Jun, 2018 12:00am

Hong Kong shares up

Hong Kong shares rose slightly on Monday, ahead of a historic US-North Korea summit that investors hope might pave the way for an end to the nuclear stand-off on the Korean peninsula. The Hang Seng index rose 0.3 percent to 31,063.70, while the China Ente

Published 12 Jun, 2018 12:00am

South East Asian stocks tepid ahead of US-North Korea summit

South East Asian shares were mostly lacklustre on Monday with the Philippines and Singapore indexes posting moderate gains, ahead of a US-North Korea summit that could pave the way for easing tensions on the Korean peninsula.

Published 12 Jun, 2018 12:00am

Currency

Italy's bond yields fall

Italian borrowing costs fell sharply on Monday, narrowing the gap over German peers after the economy minister said the new coalition government had no intention of leaving the euro zone and planned to cut debt levels. In his first interview since taking

Published 12 Jun, 2018 12:00am

Currency

Italy's bond yields fall

Published 12 Jun, 2018 12:00am

Shanghai stocks plumb near 13-month low

Shanghai stocks closed lower for a third straight session on Monday, on investor concerns over the liquidity conditions in the market. The Shanghai Composite Index touched its lowest level since last May before closing down 0.5 percent at 3,052.78 points,

Published 12 Jun, 2018 12:00am

Italian minister's euro promise boosts bank stocks across Europe

European banking stocks and Italian shares jumped on Monday after Italy's new economy minister promised to keep the country in the euro, dissipating investors' fears of a euro zone break-up and boosting sentiment after a fraught G7 summit.

Published 12 Jun, 2018 12:00am

Indian shares rise

Indian shares rose for a third session in four on Monday, led by Bharti Airtel Ltd, as investor sentiment was lifted by gains in Asian stocks ahead of a summit between the United States and North Korea that seeks to ease regional tensions.

Published 12 Jun, 2018 12:00am

FTSE rises as pounds weakens; bid war hopes lift Inmarsat

Export-oriented firms led British shares higher on Monday as a weaker pound stood to made them more competitive, while hopes of a bidding war boosted satellite provider Inmarsat. Investors were cautious, however, as the pound's weakness resulted from an u

Published 12 Jun, 2018 12:00am

Currency

Venezuela annual inflation hits 24,600 percent

Prices in Venezuela rose almost 24,600 percent in the 12 months ended May 31, the country's opposition-led National Assembly, whose numbers are broadly in line with those of independent economists, reported on Monday.

Published 12 Jun, 2018 12:00am

Currency

Turkey's economy delivers pre-poll growth boost for Erdogan

Turkey's economy grew 7.4 percent in the first quarter, official statistics showed on Monday, in a reading hailed by President Recep Tayyip Erdogan two weeks ahead of elections but met with caution by economists. The figure, which beat the consensus forec

Published 12 Jun, 2018 12:00am

Saudi Arabia, UAE, Kuwait offer $2.5 billion in aid to Jordan

Saudi Arabia, the United Arab Emirates and Kuwait have offered $2.5 billion in aid for Jordan to ease its economic crisis following a wave of anti-austerity protests, the Saudi state media announced early Monday. Jordan has been rocked in recent days by m

Published 12 Jun, 2018 12:00am

French farmers block refineries over palm oil imports

Dozens of French farmers blocked access to 13 refineries across the country on Monday to protest plans to import palm oil for use in biofuels, a move they denounce as unfair competition which jeopardises their livelihood. Energy giant Total wants to impor

Published 12 Jun, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 25	277.66
USD PKR Interbank Buying / Oct 25	277.46
USD to Japanese Yen / Oct 25	151.97
USD to Swiss Franc / Oct 25	0.87
Pound Sterling to USD / Oct 25	1.30
Euro to USD / Oct 25	1.08

Stock	Volume
S&P 500 / Oct 24	5,809.86
Nasdaq / Oct 24	18,415.49
Dow Jones / Oct 24	42,374.36
India Sensex / Oct 25	79,759.04
Tokyo Nikkei / Oct 25	37,913.92
Hang Seng / Oct 25	20,590.15
FTSE 100 / Oct 25	8,258.52
Germany DAX 30 / Oct 25	19,428.65

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 24	18,085
Crude Oil USD/Barrel / Oct 25	70.27
Gold 10 Grams PKR / Oct 25	242,027
Gold Spot USD/Ounce / Oct 25	2,718.75
Cotton US¢/pound / Oct 25	71.28
Petrol/Litre / Oct 26	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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