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Print - 2018-08-10
ECP accepts Imran's apology

ECP accepts Imran's apology

The Election Commission of Pakistan (ECP) Thursday accepted apologies of Pakistan Tehreek-e-Insaf Chairman Imran Khan, National Assembly Speaker Sardar Ayaz Sadiq, Pervez Khattak and Maulana Fazlur Rehman for using indecent language during their election
Published 10 Aug, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 09, 2018).

Published 10 Aug, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 09, 2018).

Published 10 Aug, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 09, 2018).

Published 10 Aug, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (August 09, 2018).

Published 10 Aug, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (August 09, 2018).
Published 10 Aug, 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 (August 09, 2018).

Published 10 Aug, 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 (August 09, 2018).

Published 10 Aug, 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 10 Aug, 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 10 Aug, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 10 Aug, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 10 Aug, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,452. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.673 billion and the number of lots traded was 7,455. Major business was contributed by gold am
Published 10 Aug, 2018 12:00am
CBOT corn futures weaker

CBOT corn futures weaker

Chicago Board of Trade (CBOT) corn futures closed weaker on Tuesday on forecasts for showers across some dry areas of the US corn belt and on spillover pressure from falling wheat prices. CBOT September corn settled down 1/4 cent at $3.70-3/4 per bushel.
Published 10 Aug, 2018 12:00am
Asian naphtha falls to 2-1/2-week low

Asian naphtha falls to 2-1/2-week low

Asia's naphtha physical crack dropped 9.7 percent to a 2-1/2 week low of $104.58 a tonne on Tuesday, its biggest percentage loss since June, while the gasoline crack hit $8 a barrel, its highest since July 31. A trader said recent operational issues surro
Published 10 Aug, 2018 12:00am
France exports more wheat to EU than non-EU countries

France exports more wheat to EU than non-EU countries

France exported more wheat within the European Union than outside the bloc in the 2017/18 season, customs data showed on Tuesday, confirming a difficult export campaign overseas in the face of record Russian shipments.
Published 10 Aug, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 93,795 tonnes of cargo comprising 69,910 tonnes of import cargo and 23,885 tonnes of export cargo including 2,557 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 69,
Published 10 Aug, 2018 12:00am
Active buying by mills
Cotton

Active buying by mills

Active buying by mills was seen on the cotton market on Thursday in the process of trading activity, dealers said, The official spot rate shed further Rs 50 to Rs 9000, they added. Prices of seed cotton in Sindh were unchanged at Rs 4100-4400 while in the
Published 10 Aug, 2018 12:00am
Canadian canola futures climb

Canadian canola futures climb

ICE Canadian canola futures climbed more than 1 percent on Tuesday on chart-based buying and following higher prices in the soyabean market, traders said. The potential for better export demand for canola, coupled with hot temperatures in the Canadian Pra
Published 10 Aug, 2018 12:00am
Cotton market continues to remain weak
Cotton

Cotton market continues to remain weak

Cotton market continued to remain under pressure as yarn prices are reported to be coming down and the Pakistani rupee has gained some value against the American dollar. Consequently, both seed cotton (Kapas/Phutti) as well as ginned cotton prices have re
Published 10 Aug, 2018 12:00am
Cotton market continues to remain weak
Cotton

Cotton market continues to remain weak

Cotton market continued to remain under pressure as yarn prices are reported to be coming down and the Pakistani rupee has gained some value against the American dollar. Consequently, both seed cotton (Kapas/Phutti) as well as ginned cotton prices have re
Published 10 Aug, 2018 12:00am
Premier League scores own goal with transfer window early closing

Premier League scores own goal with transfer window early closing

The decision by English Premier League clubs to bring the summer transfer window to an early close compared to Europe was equivalent to firing a "bullet in the foot", super-agent Jon Smith told AFP Thursday. Smith, who numbered among his clients legendary
Published 10 Aug, 2018 12:00am
Stokes 'could have killed me': cleared defendant

Stokes 'could have killed me': cleared defendant

Ryan Hale, a former soldier allegedly knocked out by Ben Stokes, said the England cricketer "could have killed me", their trial heard Thursday, as the ex-serviceman was formally cleared of affray. Stokes, Hale and a third man, Ryan Ali, were in Bristol Cr
Published 10 Aug, 2018 12:00am
Sharapova storms past Kasatkina as Kerber falls
Kerb

Sharapova storms past Kasatkina as Kerber falls

Maria Sharapova fired 25 winners past hapless Russian compatriot Daria Kasatkina in a 6-0, 6-2 victory at the Montreal WTA event on Wednesday, but Angelique Kerber's first match since capturing the Wimbledon title ended in a sobering defeat. Sharapova nee
Published 10 Aug, 2018 12:00am
Cummins, Hazlewood out of Pakistan Test tour

Cummins, Hazlewood out of Pakistan Test tour

Australian fast bowlers Pat Cummins and Josh Hazlewood were Thursday ruled out of the upcoming Test series against Pakistan in the United Arab Emirates as they continue to recover from injury. Both players missed the recent one-series against England as t
Published 10 Aug, 2018 12:00am
Shakib may skip Asia Cup for surgery

Shakib may skip Asia Cup for surgery

Bangladesh all-rounder Shakib Al Hasan on Thursday hinted he might skip the Asia Cup in the United Arab Emirates next month to undergo surgery on his finger. "We all know that I have to have a surgery," Shakib told reporters at Dhaka airport after Banglad
Published 10 Aug, 2018 12:00am
Rain washes out first day in England-India second Test

Rain washes out first day in England-India second Test

Rain meant there was no play on the first day of the second Test between England and India at Lord's on Thursday. Early morning overcast skies in north London eventually gave way to gentle but persistent rain which was sufficient to ensure the pitch and s
Published 10 Aug, 2018 12:00am
Olympic body 'regrets' North Korea sports goods ban

Olympic body 'regrets' North Korea sports goods ban

The International Olympic Committee expressed regret Thursday after the United Nations refused to lift a ban on sports goods exports to North Korea. The UN's sanctions committee on Wednesday approved measures allowing aid groups and UN bodies to gain exem
Published 10 Aug, 2018 12:00am
Independence Day Tennis Tournament begins

Independence Day Tennis Tournament begins

The Independence Day Tennis Tournament will be commencing from Friday here at Synthetic Courts of the Qayyum Sports Complex. According to Secretary General KP Tennis Association Umar Ayaz, all arrangement have already been completed for the smooth conduct
Published 10 Aug, 2018 12:00am
Kepa becomes most expensive goalkeeper in history

Kepa becomes most expensive goalkeeper in history

Chelsea have signed Spanish goalkeeper Kepa Arrizabalaga for a world record 80 million-euro ($92.8 million) fee from Athletic Bilbao, the Premier League club said on Wednesday. With Thibaut Courtois joining Real Madrid, Chelsea signed 23-year-old Arrizaba
Published 10 Aug, 2018 12:00am
Chandimal returns to Sri Lanka T20 squad after ban

Chandimal returns to Sri Lanka T20 squad after ban

Sri Lanka skipper Dinesh Chandimal returned to their Twenty20 squad Thursday after serving an international ban for breaching the spirit of the game. Chandimal was included in a 15-member squad for the one-off T20 that will round off South Africa's tour o
Published 10 Aug, 2018 12:00am
Sjoestroem, Peaty and Efimova end Euros with fourth golds

Sjoestroem, Peaty and Efimova end Euros with fourth golds

Sarah Sjoestroem rounded off another landmark week at the European Championships by winning her fourth individual gold medal in the 50 metres butterfly on Thursday. Dominant breaststrokers Adam Peaty and Yuliya Efimova also ended up with four titles apiec
Published 10 Aug, 2018 12:00am
German, Dutch Ryanair pilots to join European strikes on Friday

German, Dutch Ryanair pilots to join European strikes on Friday

Ryanair pilots in Germany and the Netherlands will join a wave of strikes against the no-frills carrier across Europe on Friday, escalating a row over pay and conditions at the height of the summer season. The powerful Cockpit union said it had asked some
Published 10 Aug, 2018 12:00am
Man-made losses weigh on Munich Re profit
Currency

Man-made losses weigh on Munich Re profit

German reinsurance giant Munich Re on Wednesday said it was on track to meet its full-year targets even as costly man-made disasters dragged down earnings in the second quarter. The Bavaria-based group, whose main business is helping insurers hedge themse
Published 10 Aug, 2018 12:00am
Profit slide caps turbulent year for Commonwealth Bank

Profit slide caps turbulent year for Commonwealth Bank

Australia's biggest bank, the Commonwealth, posted a slide in annual profits Wednesday, capping a tumultuous year for a troubled lender which has been rocked by scandals and board upheaval. The country's largest firm by market capitalisation reported Aus$
Published 10 Aug, 2018 12:00am
Profit slide caps turbulent year for Commonwealth Bank

Profit slide caps turbulent year for Commonwealth Bank

Australia's biggest bank, the Commonwealth, posted a slide in annual profits Wednesday, capping a tumultuous year for a troubled lender which has been rocked by scandals and board upheaval. The country's largest firm by market capitalisation reported Aus$
Published 10 Aug, 2018 12:00am
Philippine central bank hikes rates by most in a decade

Philippine central bank hikes rates by most in a decade

The Philippine central bank on Thursday made its biggest rate hike in 10 years - raising key interest rates by 50 basis points - and left the door open for further policy tightening to fight high inflation despite economic growth losing steam. Bangko Sent
Published 10 Aug, 2018 12:00am
China to make targeted RRR cuts to support debt-to-equity swaps

China to make targeted RRR cuts to support debt-to-equity swaps

China will use policy tools such as targeted cuts in banks' reserve requirement ratio (RRR) to support debt-for-equity swaps this year as it seeks lower corporate debt levels, the country's state planner said on Wednesday.
Published 10 Aug, 2018 12:00am
Yen rises in Asia
Currency

Yen rises in Asia

The yen edged up to its strongest level against the dollar in nine days on Thursday ahead of trade talks between the United States and Japan and speculation over when the Japanese central bank will exit its ultra-easy monetary policy. Elsewhere in the cur
Published 10 Aug, 2018 12:00am
Dollar rises broadly in European trade
Currency

Dollar rises broadly in European trade

The dollar gained against most major currencies on Thursday as investors bet that trade war rhetoric and a strong US economy would continue to aid the currency. Trade tensions are seen as beneficial for the US dollar as the economy is better placed to han
Published 10 Aug, 2018 12:00am
Early trade in New York: Dollar rises against major currencies
Currency

Early trade in New York: Dollar rises against major currencies

The dollar rose against most major currencies on Thursday in thin summer trading, as investors bet global trade tensions and a robust US economy would continue to support the currency. The greenback has the upper hand in a trade war scenario over emerging
Published 10 Aug, 2018 12:00am
Sterling drops to lowest in almost a year in New York

Sterling drops to lowest in almost a year in New York

Sterling dropped to its lowest levels in almost a year on Wednesday on concerns about Britain's exit from the European Union, while the dollar dipped against a basket of currencies. The pound dropped as investors ramped up bets on Britain leaving the EU w
Published 10 Aug, 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. 83.75-83.75 (Previous 83.75-83.75).
Published 10 Aug, 2018 12:00am
Turkish lira tumbles

Turkish lira tumbles

Turkey's lira tumbled to another record low against the dollar on Thursday after a Turkish delegation returned from meeting US officials in Washington with no apparent solution to a diplomatic rift that has opened up between them.
Published 10 Aug, 2018 12:00am
Most Asian currencies climb; peso drops

Most Asian currencies climb; peso drops

Most Asian currencies edged up on Thursday taking cues from the yuan, though the Philippine peso fell on disappointing economic growth data. The Philippine growth pace in the second quarter was the lowest in nearly three years. China's consumer price inde
Published 10 Aug, 2018 12:00am
Kiwi slides to 2-1/2 year low

Kiwi slides to 2-1/2 year low

The New Zealand dollar skidded on Thursday after the country's central bank surprised the market by committing to holding rates at record lows until the end of 2020 as economic growth figures disappointed. The New Zealand dollar sank as deep as $0.6665, t
Published 10 Aug, 2018 12:00am
Sterling steadies near 11-month lows

Sterling steadies near 11-month lows

Sterling steadied near 11-month lows on Thursday after a decline this week that was fuelled by investor fears Britain will leave the European Union without an agreement on its future relationship with the bloc. The pound traded as low as $1.2842, its weak
Published 10 Aug, 2018 12:00am
Gulf stocks slide on volatile oil, property

Gulf stocks slide on volatile oil, property

Gulf stocks were mostly lower, as volatile oil prices hit petrochemical and energy firms in the Saudi market, while lower-than-expected earnings of property firm Aldar Properties weighed on the Abu Dhabi market. Abu Dhabi slipped 1.1 percent, easing from
Published 10 Aug, 2018 12:00am
Sri Lankan shares extend gains

Sri Lankan shares extend gains

Sri Lankan shares rose for a second straight session on Thursday and posted their highest close in more than two weeks, as foreign investors continued to buy into market heavyweight John Keells Holdings after recent selloff. The Colombo stock index closed
Published 10 Aug, 2018 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks slipped Thursday, dragged by a stronger yen and caution ahead of Japan-US trade talks. The benchmark Nikkei 225 index dropped 0.20 percent, or 45.92 points, to 22,598.39, while the broader Topix index lost 0.26 percent, or 4.55 points, to 1,7
Published 10 Aug, 2018 12:00am
S&P, Dow edge down as oil prices, trade worries weigh

S&P, Dow edge down as oil prices, trade worries weigh

The S&P 500 closed slightly lower on Wednesday as falling crude prices and trade jitters held markets in check. The Nasdaq posted its seventh consecutive daily advance, while the Dow was down marginally. The S&P 500's dip occurred as the index has inched
Published 10 Aug, 2018 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong's main Hang Seng index ended higher on Thursday, with investors buying high-tech shares amid talks of possible government support for Chinese technology companies. The Hang Seng index was up 248.16 points or 0.88 percent at 28,607.30 points. The
Published 10 Aug, 2018 12:00am
Treasury yields little changed

Treasury yields little changed

US Treasury yields were little changed on Wednesday in advance of the government's record $26 billion sale of 10-year notes, which is the second leg of this week's $78 billion in quarterly refunding. The 10-year auction followed mediocre demand for $34 bi
Published 10 Aug, 2018 12:00am
Treasury yields little changed

Treasury yields little changed

US Treasury yields were little changed on Wednesday in advance of the government's record $26 billion sale of 10-year notes, which is the second leg of this week's $78 billion in quarterly refunding. The 10-year auction followed mediocre demand for $34 bi
Published 10 Aug, 2018 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares ticked higher on Thursday as investors picked up winners in the earnings season, while gains for financials and deal news around insurer Suncorp Group helped the broader market. The S&P/ASX 200 index rose 0.5 percent to reach 6,297.7, af
Published 10 Aug, 2018 12:00am
China stocks rebound

China stocks rebound

Chinese stocks rebounded across the board on Thursday as investors snapped up healthcare and property shares battered by a recent selloff, while tech firms rallied on hopes of more government support. Assistance for the tech sector would mark the latest i
Published 10 Aug, 2018 12:00am
Indian shares jump

Indian shares jump

Indian shares ended at record closing highs on Thursday, driven by strong gains in financial stocks such as ICICI Bank Ltd and Axis Bank Ltd. The benchmark BSE index closed up 0.36 percent to 38024.37, a record high, while the broader NSE index ended 0.18
Published 10 Aug, 2018 12:00am
Southeast Asian markets: Philippines recovers, Thai stocks up

Southeast Asian markets: Philippines recovers, Thai stocks up

Philippine shares trimmed early sharp falls to close about half a percent lower on Thursday, while Thai stocks advanced for a third straight session. The key Philippine stock index fell as much as 1.3 percent after data showed economic growth unexpectedly
Published 10 Aug, 2018 12:00am
FTSE drops on big ex-dividend day; TUI down after update
Currency

FTSE drops on big ex-dividend day; TUI down after update

Britain's top share index fell on Thursday as several heavyweight stocks went ex-dividend, while disappointing earnings sent travel operator TUI down sharply. The FTSE 100 fell 0.5 percent, recovering partly from bigger morning falls when fresh US sanctio
Published 10 Aug, 2018 12:00am
Japan machinery orders tumble

Japan machinery orders tumble

Japan's core machinery orders tumbled in June at the fastest pace in six months, with firms expecting another modest drop in the third quarter in a sign capital expenditure may have peaked out as global trade friction clouds the horizon. The 8.8 percent f
Published 10 Aug, 2018 12:00am
Adidas scores profit boost with World Cup

Adidas scores profit boost with World Cup

German sporting goods firm Adidas on Thursday said the World Cup in Russia and strong e-commerce sales lifted net profit in the second quarter, keeping the company on track to meet its 2018 goals. Net profit at the Bavaria-based company more than doubled
Published 10 Aug, 2018 12:00am
Adidas scores profit boost with World Cup

Adidas scores profit boost with World Cup

German sporting goods firm Adidas on Thursday said the World Cup in Russia and strong e-commerce sales lifted net profit in the second quarter, keeping the company on track to meet its 2018 goals. Net profit at the Bavaria-based company more than doubled
Published 10 Aug, 2018 12:00am
Greek jobless below 20 percent for first time since 2011
Currency

Greek jobless below 20 percent for first time since 2011

Greece's unemployment rate, the highest in the European Union, has edged below 20 percent for the first time in seven years, statistics bureau Elstat reported Thursday. The rate came in at 19.5 percent, down from 21.7 percent the same month a year earlier
Published 10 Aug, 2018 12:00am
German businesses suffering as US sanctions, tariffs bite

German businesses suffering as US sanctions, tariffs bite

German companies are increasingly suffering from US President Donald Trump's policy of sanctions - including those against Iran - and the tariffs he is pursuing in an escalating trade war with China, business associations said on Thursday.
Published 10 Aug, 2018 12:00am
Criminal case filed against BMW

Criminal case filed against BMW

A group of BMW owners in South Korea filed a criminal complaint against the German automaker Thursday over alleged delays in recalling more than 100,000 cars after a spate of engine fires, their lawyer said. The timing of the recall, which was issued last
Published 10 Aug, 2018 12:00am
China's factory-gate inflation tops forecasts
Currency

China's factory-gate inflation tops forecasts

China's factory price inflation slowed slightly in July but beat expectations as US tariffs came into force, while consumer prices were boosted by a pick-up in spending on travel. The figures are the first to be released since the United States imposed th
Published 10 Aug, 2018 12:00am
Petrobras recovers $274 million from corruption scandal

Petrobras recovers $274 million from corruption scandal

Brazil's state-owned oil major Petrobras said Thursday that it has recovered 1.034 billion reais ($274 million) in funds embezzled during a giant corruption scandal that badly damaged the company and upended Brazilian politics.
Published 10 Aug, 2018 12:00am