News Archives for Print - 2018-09-28

Print - 2018-09-28

Currency

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (September 27, 2018).

Published 28 Sep, 2018 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (September 27, 2018).

Published 28 Sep, 2018 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (September 27, 2018).

Published 28 Sep, 2018 12:00am

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 (September 27, 2018).

Published 28 Sep, 2018 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (September 27, 2018).

Published 28 Sep, 2018 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (September 27, 2018).

Published 28 Sep, 2018 12:00am

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 28 Sep, 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 28 Sep, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 28 Sep, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 28 Sep, 2018 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 Sep, 2018 12:00am

Awards-2017/2018: IPO MARKET DEVELOPMENT

Top IPO/ SPO/ Share Placement Lead Manager Award - Arif Habib Limited

Published 28 Sep, 2018 12:00am

Message from Chief Executive Officer Treet Corporation Limited

It gives us great pleasure to be a part of this IP Summit, 2018. We endorse the Summit's aims for cultivating a favorable environment for "listing" in the Country. Adam Smith, the great Scottish economist illustrated in his book "The Wealth of Nations" ho

Published 28 Sep, 2018 12:00am

Message from Chairman Pakistan Stock Exchange

Being the premier Exchange of the country, it's a great honor to be associated with the 2018 edition of SAFE - PSX IPO Summit at Lahore. I appreciate our regional exchange federation - the South Asian Federation of Exchanges, for joining PSX in the hostin

Published 28 Sep, 2018 12:00am

Message from Commissioner (SECP)

I am immensely pleased to learn about the holding of ninth (9th) Pakistan IPO Summit, 2018 by South Asian Federation of Exchanges SAFE) in partnership with Pakistan Stock Exchange (PSX). The Summit is aimed at assisting the potential IPO companies in lear

Published 28 Sep, 2018 12:00am

Message from Minister for Finance Punjab

I am truly pleased to see a program as unique as the IPO Summit. This platform brings together the potential companies and important stakeholders under one roof. The primary objective of the summit is highlighting how markets can assist the potential IPO

Published 28 Sep, 2018 12:00am

Message from Chairman (SECP)

I am delighted to know that Pakistan Stock Exchange, South Asian Federation of Exchanges and Treet Corporation are joining hands in organizing the next edition of the Pakistan IPO Summit. I commend all of these entities and hope that their efforts to enli

Published 28 Sep, 2018 12:00am

Message from Federal Minister for Finance, Revenue and Economic Affairs

It is heartening to note that Pakistan IPO Summit-2018 is being jointly organized by Pakistan Stock Exchange (PSX) and the South Asian Federation of Exchanges (SAFE) under the lead patronage of the Securities and Exchange Commission of Pakistan (SECP). It

Published 28 Sep, 2018 12:00am

Message from Governor-Punjab

I congratulate Pakistan Stock Exchange and South Asian Federation of Exchanges (SAFE) for holding the Pakistan IPO Summit 2018. I am particularly delighted to see us gathered under one roof to strategize on ways to witness an upturn in the IPO listings at

Published 28 Sep, 2018 12:00am

Germany beat Turkey for right to host Euro Championship 2024

Germany on Thursday won the race to host the 2024 European Championship as UEFA backed a bid seen as safer than a rival proposal from Turkey. Politics, national unity and respect for human rights in Turkey emerged as key themes in the campaign to host Eur

Published 28 Sep, 2018 12:00am

VAR to be used in Champions League from next season and at Euro 2020

Video Assistant Referees will be used in the Champions League from the 2019-20 season and will also be introduced at the 2020 European Championship, UEFA said on Thursday. European football's governing body revealed a decision had been taken at a meeting

Published 28 Sep, 2018 12:00am

No Tamim, no Shakib, no problem as Bangladesh look to shock India

Bangladesh captain Mashrafe Mortaza called on his players to ignore the absence of veteran stars Tamim Iqbal and Shakib al Hasan when they face defending champions India in Friday's Asia Cup final. Bangladesh upset Pakistan by 37 runs in the last Super Fo

Published 28 Sep, 2018 12:00am

Ronaldo gets one-game Champions League ban

Cristiano Ronaldo will be able to face his old club Manchester United in the Champions League next month after UEFA handed the Juventus forward a one-game ban on Thursday. The Portuguese superstar was sent off in the first half of Juve's 2-0 win away to V

Published 28 Sep, 2018 12:00am

CNS Open Golf: Navy's golfer Ansar makes history

Pakistan Navy's golfer Ansar Mehmood made history by scoring hole in one during first day of 23rd CNS Open Golf Championship 2018, which is underway here on Thursday. Moreover, Shabbir Iqbal, Waheed Baloch, Muhammad Ashfaq and Rofin Shamim are on top of t

Published 28 Sep, 2018 12:00am

Afridi disappointed over team's ouster in Asia Cup

Former skipper of Pakistan cricket team Shahid Afridi has expressed his disappointment over ouster of green shirts from Asia Cup. Afridi took to Twitter and said: "Congratulations Bangladesh. Disappointed by Pakistani team's overall performance. Lacked at

Published 28 Sep, 2018 12:00am

We've built it, fans will come, say Qatar world athletics chiefs

Fans will "definitely" flock to next year's world championships in Qatar, the vice-president of the International Association of Athletics Federations insisted on Thursday, exactly one year ahead of track and field's biennial showpiece.

Published 28 Sep, 2018 12:00am

Wang demolishes Olympic champ Puig

Rising star Wang Qiang demolished Olympic champion Monica Puig 6-3, 6-1 at the Wuhan Open in China on Thursday, cruising into the semi-finals to the delight of the home crowd. The impressive victory was the 14th on the trot on home soil for Wang, who has

Published 28 Sep, 2018 12:00am

Australia name two Test vice-captains for first time

Australia have for the first time named two Test cricket vice-captains - all-rounder Mitchell Marsh and fast bowler Josh Hazlewood - as they look to move on from a major cheating scandal. The pair were chosen to back up captain Tim Paine via an unpreceden

Published 28 Sep, 2018 12:00am

Socca Federation World Cup: Pakistan played confidently against Russia: Ishaq Shah

The result doesn't justify the efforts Pakistan put in the last game against unbeaten Group 'B' team Russia in the ongoing International Socca Federation (ISF) World Cup underway here, says COO Leisure Leagues Pakistan (LLP) Ishaq Shah.

Published 28 Sep, 2018 12:00am

Pakistan drop struggling Amir from Australia Tests

Pakistan on Thursday left out struggling pace spearhead Mohammad Amir from the 17-member squad for the two-match Test series against Australia starting in United Arab Emirates next month. The 26-year-old fast bowler, who returned from a five-year ban for

Published 28 Sep, 2018 12:00am

Philippines keeps up rapid-fire rate hikes

The Philippine central bank raised its benchmark interest rates for the fourth time in five months on Thursday, pushing them to seven-year highs, and kept the door open for further tightening as it battles to cool inflation. With prices rising at the fast

Published 28 Sep, 2018 12:00am

Taiwan leaves policy rate unchanged as trade risks loom

Taiwan's central bank left its policy rate unchanged on Thursday, amid worries that global trade frictions could hurt the export-reliant economy. As expected, the central bank's latest policy review kept the discount rate at 1.375 percent, where it has st

Published 28 Sep, 2018 12:00am

Airlines angry over 'risky' Brexit deadlock

The impasse between Britain and the EU in Brexit negotiations is "crazy" and "risky" for airlines with time running out to ensure cross-Channel flights can continue unimpeded, the world's airline body has warned. The International Air Transport Associatio

Published 28 Sep, 2018 12:00am

Nigeria adopts softer tone on MTN

Nigeria appears to have taken a softer stance on Africa's leading mobile operator MTN, assuring stakeholders that a dispute over the repatriation of $8.13 billion in dividends will be "resolved". Talking to reporters in Abuja following a monetary policy c

Published 28 Sep, 2018 12:00am

Currency

Argentina's peso slips as investors fear volatility despite IMF deal

Argentina's peso slipped on Thursday as investors worried that a revised $57 billion program with the International Monetary Fund, which assured the government's funding until the end of next year, could hurt the ailing economy and leave foreign exchange

Published 28 Sep, 2018 12:00am

Turkish lira firms

Turkey's lira strengthened 2 percent on Thursday, touching its firmest level in a month, on growing optimism about a rapprochement with the United States and after local lender Akbank said it had secured a critical syndicated loan. The lira's rare advance

Published 28 Sep, 2018 12:00am

Euro slips in Asia

The euro slipped to a one-week low on Thursday, unsettled by reports of a row in Italy's new government as it prepares to present its first budget targets. Italian daily La Stampa said Economy Minister Giovanni Tria "was ready to leave," before a spokeswo

Published 28 Sep, 2018 12:00am

Currency

Euro reverses gains in Europe

The euro fell on Thursday on media reports that an Italian budget meeting was likely to be delayed, spooking traders concerned that the ruling parties will push for a bigger deficit target in the euro zone's third-largest economy. Political wrangling over

Published 28 Sep, 2018 12:00am

Currency

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

The dollar rose to a more than one-week high against a basket of other major currencies on Thursday, boosted by the Federal Reserve's outlook for more rate hikes beyond this year as well as a weakening of the euro on worries about the Italian budget. The

Published 28 Sep, 2018 12:00am

Currency

Dollar climbs in New York after Fed lifts rates

The dollar gained on Wednesday in choppy trading after the Federal Reserve raised US interest rates as expected for the eighth time, flagged more rate hikes and signalled the end of the "accommodative" policy era. The greenback fell briefly against the eu

Published 28 Sep, 2018 12:00am

Currency

Sri Lankan rupee hits all-time low

The Sri Lankan rupee fell to an all-time low of 169.25 per dollar on Thursday, weighed down by dollar demand from importers and from some foreign banks to pay out foreign investors selling government securities, market sources said. The currency hit a rec

Published 28 Sep, 2018 12:00am

Currency

Asian forex: Indonesia, Philippine central banks in the spotlight

Most Asian currencies firmed on Thursday ahead of major policy decisions from regional central banks, helped by the dollar pulling back from earlier gains as US debt yields declined after the Federal Reserve hiked rates. It was the Fed's third interest ra

Published 28 Sep, 2018 12:00am

Aussie, kiwi flat

The Australian and New Zealand dollars flatlined on Thursday after central bank policy meetings at home and abroad produced few surprises, leaving investors with nothing new to trade on for the moment. The kiwi dollar briefly edged higher in early action

Published 28 Sep, 2018 12:00am

Currency

Sterling weakens

The pound slumped on Thursday on the back of broad dollar gains after a US rate hike, and with investors still nervous about the outcome of negotiations on the terms of Britain's planned exit from the European Union. Sterling fell 0.6 percent to $1.3097,

Published 28 Sep, 2018 12:00am

China stocks end lower

China stocks ended lower Thursday after data showed industrial profit growth in China continuing to slow in August and after the US Federal Reserve lifted rates, while news of A-share inclusion in FTSE Russell indexes failed to boost sentiment.

Published 28 Sep, 2018 12:00am

FTSE Russell includes China stocks in boon to battered market

Global index provider FTSE Russell said it will start including mainland Chinese shares in its major benchmarks from June next year, in a move that it expects will draw initial net inflows of $10 billion from passive investors. The decision on Wednesday t

Published 28 Sep, 2018 12:00am

Nikkei index snaps eight-day winning streak

Tokyo's benchmark Nikkei index dropped one percent on Thursday as investors cashed in on recent gains after an eight-day winning streak. The Nikkei 225, which surged to an eight-month high the previous day, lost 0.99 percent or 237.05 points to close at 2

Published 28 Sep, 2018 12:00am

Thursday's early afternoon trade: Apple leads broad Wall Street rally

US stocks rose in a broad rally on Thursday, boosted by Apple and other FAANG shares as well as the Federal Reserve's confidence in the strength of the economy. Ten of the 11 major S&P sectors were higher, with Wall Street getting the biggest boost from t

Published 28 Sep, 2018 12:00am

Wall Street rally disintegrates shortly before the close

A Wall Street rally collapsed and stocks turned negative shortly before the market close on Wednesday after investors reassessed the Federal Reserve's policy statement and reduced their risk as they weighed how long the US central bank would continue to r

Published 28 Sep, 2018 12:00am

Indian shares fall

Indian shares ended lower on Thursday, dragged by financial and auto stocks, as investors remained cautious after the government raised import tariffs on select goods and the central bank announced measures to ease liquidity concerns. Investors were also

Published 28 Sep, 2018 12:00am

Treasury yield curve flattens

US Treasury yields fell on Wednesday with the yield curve hitting its flattest levels in over a week as the Federal Reserve signaled it would remain a gradual rate-hike path in response to solid economic growth. Longer-dated yields led the bond market in

Published 28 Sep, 2018 12:00am

Treasury yield curve flattens

Published 28 Sep, 2018 12:00am

Emirates NBD lifts Dubai, rest of Gulf modestly firmer

A leap by Dubai's biggest bank boosted the stock market index sharply on Thursday while most Gulf bourses registered only marginal gains. The Dubai index closed up 1.8 percent, its biggest gain since May, as Emirates NBD jumped 6.2 percent to 9.50 dirhams

Published 28 Sep, 2018 12:00am

European shares swing on Italian budget woes

European shares rose slightly on Thursday, reversing initial losses, as anxiety over political stability in Italy appeared to ease just hours before a cabinet meeting to set budget targets. Italian stocks came off lows but remained in negative territory,

Published 28 Sep, 2018 12:00am

Australian shares down

Australian shares ticked down on Thursday as materials firms lost ground on lower commodities prices, while banks slumped ahead of an interim report from a powerful inquiry into the financial services sector. The S&P/ASX 200 index edged down 0.2 percent o

Published 28 Sep, 2018 12:00am

Southeast Asian stocks: Philippines bounces back

Philippine shares bounced back from earlier falls on Thursday, snapping two straight sessions of falls on the back of window dressing and bargain-buying, while Indonesian stocks rose 1 percent after three consecutive sessions of declines. The Philippine c

Published 28 Sep, 2018 12:00am

FTSE rises to four-week high helped by sterling weakness

Britain's top share index rose on Thursday to a four-week high, helped by a drop in sterling, while continued weakness in basic materials stocks weighed. The FTSE 100 gained 0.5 percent as the pound was held back by strength in the dollar following a US r

Published 28 Sep, 2018 12:00am

Uber to pay $148 million over data breach it concealed

Ride hailing service Uber agreed to pay a $148 million penalty over a massive 2016 data breach which the company concealed for a year, the company and state officials announced Wednesday. The agreement stems from a breach affecting some 57 million Uber ri

Published 28 Sep, 2018 12:00am

Amazon opens new concept '4-star' retail store in New York

Amazon opened a new retail store in New York on Thursday selling a range of products that get top ratings from customers of the online colossus. The brick-and-mortar outlet in New York's trendy Soho neighborhood will sell consumer electronics, kitchen, ho

Published 28 Sep, 2018 12:00am

Hong Kong at greatest risk of property bubble: UBS

Hong Kong is the city at most risk of a property bubble, followed closely by Munich, Toronto and Vancouver, according to a study published by the Swiss bank UBS on Thursday. Amsterdam and London were also in bubble territory, while Stockholm, Paris, San F

Published 28 Sep, 2018 12:00am

HK banks hike lending rates for first time in 12 years

Three of Hong Kong's biggest banks raised their lending rates on Thursday for the first time in 12 years, ending an age of cheap cash that could hit the city's famously red-hot property market. The announcement sparked a government warning about the effec

Published 28 Sep, 2018 12:00am

China's industrial profit growth hits five-month low

Profit growth at China's industrial firms slowed to a five-month low in August, fanning concerns about faltering domestic demand in the world's second-largest economy as escalating trade frictions with the United States cloud its outlook.

Published 28 Sep, 2018 12:00am

Currency

China leaves rates steady

China's central bank left short-term rates unchanged on Thursday, choosing not to follow a benchmark interest rate rise by the US Federal Reserve despite the risk that it could that it could put renewed pressure on the yuan.

Published 28 Sep, 2018 12:00am

US capital goods orders, trade data temper Q3 growth forecasts

New orders for key US-made capital goods fell in August after four straight months of strong gains and the goods trade deficit widened sharply, prompting some economists to significantly lower their economic growth estimates for the third quarter.

Published 28 Sep, 2018 12:00am

German cabin crew join Ryanair strike, nearly 250 flights cut

German cabin crew said they would join pilots in Europe-wide strikes against Ryanair on Friday, as the airline announced it would have to cancel nearly 250 flights. The crews' union Verdi said Thursday that after another four rounds of negotiations with t

Published 28 Sep, 2018 12:00am

Trudeau rebuffs Trump's trade talks criticisms

Any fondness between Justin Trudeau and Donald Trump has vanished, it became clear Thursday after the Canadian leader brushed off the US president's criticism of Canada's negotiating style in continental trade talks - casting doubts for a quick deal. Trud

Published 28 Sep, 2018 12:00am

South Africa changes mining code to boost black ownership

South Africa on Thursday unveiled a raft of changes to a controversial mining bill which is to raise black ownership of mining companies from 26 percent to 30 percent. Mineral Resources Minister Gwede Mantashe revealed details of the mining charter, inten

Published 28 Sep, 2018 12:00am

Currency

Turkish economic confidence suffers biggest slump in decade

Confidence in Turkey's economy fell by the most in a decade in September with a 15.4 percent tumble, official data showed on Thursday, reinforcing concerns about a sharp slowdown as the once star emerging market combats a currency crisis.

Published 28 Sep, 2018 12:00am

Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,488. The traded value of Metals, Energy and COTS/FX was recorded at 7.210 billion and the number of lots traded was 9,191.

Published 28 Sep, 2018 12:00am

Brazil to import one million tonnes of soya from US

Brazil, the world's No 1 soya exporter, is expected to import around 1 million tonnes of the oilseed in coming months from its largest global competitor, the United States, as local supplies dwindle, according to Sao Paulo-based grain trader Agribrasil.

Published 28 Sep, 2018 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 136,140 tonnes of cargo comprising 107,430 tonnes of import cargo and 28,710 tonnes of export cargo including 4,346 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of

Published 28 Sep, 2018 12:00am

European gasoline margins fall to six-month low

Benchmark northwest European gasoline refining margins declined further on Tuesday to their lowest since late March as exports slowed down and rising Atlantic basin supplies weighed. The cargo market remained quiet, with little new buying interest to go t

Published 28 Sep, 2018 12:00am

Cotton

Easy supplies push rates down

Selling pressure pushed the rates down on the cotton market on Thursday in the process of trading, dealers said. The official spot rate showed no change at Rs 8050, they added. Prices of seed cotton in Sindh were at Rs 3700-3800, in the Punjab, rates at R

Published 28 Sep, 2018 12:00am

Asian naphtha cracks fall at 1-1/2-week low

Asia's naphtha crack extended losses to reach a 1-1/2 week low of $94.65 a tonne as high oil prices continued to drag. Spot demand for naphtha remained muted as the annual Asia Pacific Petroleum Conference (APPEC) held in Singapore drew participants away.

Published 28 Sep, 2018 12:00am

Cotton

Rising pressure on cotton prices

On Thursday cotton prices both local and foreign origin witnessed a decline as prices slid along with several other markets. Reports from China, India and America all indicated a pressure on cotton prices so that domestic prices also conceded a further fa

Published 28 Sep, 2018 12:00am

Cotton

Rising pressure on cotton prices

Published 28 Sep, 2018 12:00am

Erdogan arrives in Germany under tight security

Turkish President Recep Tayyip Erdogan arrived in Germany Thursday for a controversial three-day state visit that both sides hope will help rebuild relations that have been battered in recent years. Ties between the NATO allies plummeted after Erdogan's g

Published 28 Sep, 2018 12:00am

UN asks Venezuela to accept humanitarian aid

The UN Human Rights Council on Thursday voted through a resolution urging the government of crisis-hit Venezuela to "accept humanitarian assistance" to alleviate the country's "scarcity" of food and medicines. The decision marked the first time in the his

Published 28 Sep, 2018 12:00am

Moscow dismisses report claiming to identify of Skripal Suspect

Moscow has scoffed at a report by a respected investigative group claiming that one of the suspects in the poisoning of ex-spy Sergei Skripal was a highly decorated colonel in Russian military intelligence. Bellingcat, the British based investigative grou

Published 28 Sep, 2018 12:00am

Vietnam's hardline president laid to rest

Vietnamese president Tran Dai Quang, a lifelong communist stalwart with a reputation as a hardliner, was buried in his home village Thursday in a ceremony blessed by monks, as relatives and leaders bid him a final farewell. Quang died on Friday aged 61 af

Published 28 Sep, 2018 12:00am

Scores freed from militia-run Libya prison decried by UN

Libya's internationally recognised government on Thursday announced the release of 83 prisoners from a jail where the United Nations has documented torture and summary executions. The prison at the Mitiga airbase, one of the biggest detention facilities i

Published 28 Sep, 2018 12:00am

Hundreds protest at UK court for far-right activist Robinson

Hundreds of supporters of British far-right figurehead Tommy Robinson brought a London street to a close on Thursday protesting his contempt of court case, which was later adjourned. Around 50 counter-demonstrators chanted "Nazi scum, off our streets", as

Published 28 Sep, 2018 12:00am

China slams US B-52s fly over disputed seas as 'provocative'

The Chinese defence ministry on Thursday denounced flyovers by US B-52 bombers over the South China Sea and East China Sea as "provocative" actions amid soaring tensions between the two global powers. The Pentagon said Wednesday the heavy bombers had take

Published 28 Sep, 2018 12:00am

US F-35 fighters fly first ever combat mission

American F-35 stealth fighters have been used in a combat operation for the first time, a defense official said, marking a major milestone for the most expensive plane in history. Thursday's mission took place against Taliban targets in Afghanistan's Kand

Published 28 Sep, 2018 12:00am

Israeli PM lashes Iran, claims secret atomic warehouse

Israel's prime minister on Thursday accused arch-enemy Tehran of harboring a secret atomic warehouse, making deft use of ample props and vowing that his country would never let Iran develop nuclear weapons. Iran "hasn't abandoned its goal to develop nucle

Published 28 Sep, 2018 12:00am

Abbas rejects 'biased' US as sole Middle East mediator

Palestinian leader Mahmud Abbas tore into the Trump administration Thursday, refusing to accept the United States as the sole mediator in the Middle East conflict, a day after Donald Trump promised a "very fair" peace plan. The 82-year-old Palestinian Aut

Published 28 Sep, 2018 12:00am

Currency

Copper, aluminium fall after China scraps blanket winter output cuts

Copper and aluminium hit one week lows on Thursday, hurt by a stronger dollar and as an anti-pollution plan in China stopped short of imposing blanket production cuts on heavy industry this winter. The dollar rose to a more than one-week high against a cu

Published 28 Sep, 2018 12:00am

Saudi Aramco to have more oil output capacity from two fields in fourth quarter

State oil giant Saudi Aramco will bring new crude output capacity of some 550,000 barrels per day (bpd) online in the fourth quarter from two fields - Khurais and Manifa - giving it the ability to boost production if there is demand, a source said.

Published 28 Sep, 2018 12:00am

Saudi Aramco to have more oil output capacity from two fields in fourth quarter

Published 28 Sep, 2018 12:00am

Oil rises as investors fret over Iranian supply gaps

Oil edged higher on Thursday, driven by the prospect of a shortfall in global supply once US sanctions against major crude exporter Iran come into force in five weeks. US President Donald Trump this week demanded that the Organization of the Petroleum Exp

Published 28 Sep, 2018 12:00am

Tokyo rubber slides

Benchmark Tokyo rubber futures slid to a one-week-low on Thursday, tracking losses in Shanghai futures as investors squared positions ahead of China's week-long holiday and amid concerns over trade conflicts worldwide. The Tokyo Commodity Exchange (TOCOM)

Published 28 Sep, 2018 12:00am

Vegetable Oil

Malaysian palm falls

Malaysian palm oil futures fell over 1 percent on Thursday after three consecutive sessions of gains, on expectations of rising inventory levels and technical selling. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives

Published 28 Sep, 2018 12:00am

IGC raises forecasts for corn, wheat crops

The International Grains Council on Thursday raised its forecast for world corn (maize) production in the 2018/19 season by 10 million tonnes to 1.074 billion tonnes, driven by improved crop outlooks in the United States, the European Union and Ukraine. T

Published 28 Sep, 2018 12:00am

Currency

Raw sugar sets 10-year low on prospect of India exports

Raw sugar futures on ICE dipped to a 10-year low on Thursday on the prospect of higher exports from India, while New York cocoa fell to a one-month low ahead of the main harvest season in West Africa. March raw sugar was unchanged to settle at 10.91 cents

Published 28 Sep, 2018 12:00am

Gold holds losses in New York

Gold prices held onto earlier losses on Wednesday as the US dollar trimmed gains after the Federal Reserve raised US interest rates as expected and forecast three more years of economic growth. In a statement that marked the end of the era of "accommodati

Published 28 Sep, 2018 12:00am

Gold inches up in Asia

Gold prices edged higher on Thursday as investors largely discounted a US interest rate hike, but gains were limited as the dollar rose following reports of a row in Italy's new government. Spot gold was up 0.1 percent at $1,195.61 an ounce as of 0815 GMT

Published 28 Sep, 2018 12:00am

Gold falls in Europe

Gold prices fell on Thursday and broke below their recent trading range around $1,190-$1,210 an ounce after the US dollar surged, making bullion more expensive for buyers using other currencies. The dollar was on track for its biggest one-day gain in more

Published 28 Sep, 2018 12:00am

US MIDDAY: corn climbs

US corn futures touched their highest prices in more than a month on Thursday on strong export demand, while soyabean futures rose for a third consecutive session in a rebound from recent losses. Wheat futures bucked the firmer trend and set a one-week lo

Published 28 Sep, 2018 12:00am

US MIDDAY: gold tumbles

Gold prices fell 1 percent on Thursday and broke below their recent trading range around $1,190-$1,210 an ounce after the US dollar surged, making bullion more expensive for buyers using other currencies. The greenback was on track for its biggest one-day

Published 28 Sep, 2018 12:00am

Proposal for reforms in insurance sector

The purpose of writing this article is to outline the reforms required in the Insurance sector in Pakistan and analyse the Role of Insurance Regulatory authority in the Development of Insurance Sector in Pakistan i.e. the Securities & Exchange Commission

Published 28 Sep, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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