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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-11-27
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Published 27 Nov, 2018 12:14am
Zinc falls as weaker Chinese demand outweighs supply fears

Zinc falls as weaker Chinese demand outweighs supply fears

Zinc prices fell for a second session on Monday as expectations of weaker demand from Chinese steel mills overpowered signs that the market is short of metal. Most other industrial metals also fell on caution over the outcome of trade talks between US Pre
Published 27 Nov, 2018 12:00am
Russia crude supply to China surges to record, Iran shipments sink

Russia crude supply to China surges to record, Iran shipments sink

Russia shipped record volumes of crude oil to China in October as independent refiners continued to fill import quotas, while Iranian oil shipments fell on uncertainty over Washington's imposition of sanctions on Tehran, data showed on Monday. China's imp
Published 27 Nov, 2018 12:00am
US warns Russia 'outlaw' actions in Ukraine jeopardize ties

US warns Russia 'outlaw' actions in Ukraine jeopardize ties

The United States on Monday warned Russia that "outlaw actions" like the seizure of Ukrainian ships in the Sea of Azov are preventing normal relations from developing between Washington and Moscow. US Ambassador Nikki Haley told an emergency meeting of th
Published 27 Nov, 2018 12:00am
Nato demands Russia free seized Ukrainian ships

Nato demands Russia free seized Ukrainian ships

Nato chief Jens Stoltenberg on Monday demanded Russia free Ukrainian ships and sailors held after clashes off Crimea, warning Moscow that "its actions have consequences". Russia fired on and then seized three Ukrainian ships on Sunday, accusing them of il
Published 27 Nov, 2018 12:00am
Maldives top court clears Nasheed of terror conviction

Maldives top court clears Nasheed of terror conviction

The Maldives top court overturned a terrorism conviction on Monday against the country's first democratically elected leader Mohamed Nasheed, who fled into exile after being sentenced to 13 years behind bars. The Supreme Court said Nasheed was wrongfully
Published 27 Nov, 2018 12:00am
Syria interior minister out in govt reshuffle

Syria interior minister out in govt reshuffle

A government reshuffle Monday in Syria renewed almost a third of the cabinet, including the ministers of interior and of public works, the official SANA news agency reported. The reshuffle, which does not include any major surprises, was announced in a de
Published 27 Nov, 2018 12:00am
UAE pardons Briton sentenced to life

UAE pardons Briton sentenced to life

The United Arab Emirates on Monday pardoned British academic Matthew Hedges just days after sentencing him to life in prison for spying in a case that stunned Britain and his family. The UK thanked its Gulf ally and Hedges's wife expressed her joy after h
Published 27 Nov, 2018 12:00am
Kinshasa rejects US 'terrorist threat' warning

Kinshasa rejects US 'terrorist threat' warning

The Democratic Republic of Congo on Monday accused Washington of sparking "needless fear" after the US embassy in Kinshasa warned of a "possible terrorist threat" against its mission in the country ahead of a key election. "You have to distrust informatio
Published 27 Nov, 2018 12:00am
Tunisians protest planned visit by Saudi crown prince

Tunisians protest planned visit by Saudi crown prince

Around 100 people protested in Tunisia on Monday against a planned visit by Saudi Crown Prince Mohammed bin Salman, over the murder of journalist Jamal Khashoggi. Tunisia's presidency has said the de facto Saudi ruler would visit the North African nation
Published 27 Nov, 2018 12:00am
North, South Korea join hands to win UNESCO status for wrestling

North, South Korea join hands to win UNESCO status for wrestling

North and South Korea marked a new step in their reconciliation efforts Monday as UNESCO accepted a joint bid for Korean wrestling to be recognised as one of the world's most treasured cultural practices. The two Koreas had originally filed separate appli
Published 27 Nov, 2018 12:00am
Turkish police search Saudi's villa for 'Khashoggi remains'

Turkish police search Saudi's villa for 'Khashoggi remains'

Around 100 people protested in Tunisia on Monday against a planned visit by Saudi Crown Prince Mohammed bin Salman, over the murder of journalist Jamal Khashoggi. Tunisia's presidency has said the de facto Saudi ruler would visit the North African nation
Published 27 Nov, 2018 12:00am
China urges UK to 'support' foreign media amid CCTV complaint

China urges UK to 'support' foreign media amid CCTV complaint

Beijing urged London on Monday to support the work of foreign news outlets after a British citizen called on Britain's media regulator to revoke the broadcast license of China's state television. Peter Humphrey, a UK fraud investigator, said that China Ce
Published 27 Nov, 2018 12:00am
'Last Tango In Paris' director Bertolucci dies

'Last Tango In Paris' director Bertolucci dies

Italian film director Bernardo Bertolucci, whose films include "Last Tango In Paris" and "1900", has died in Rome aged 77, Italian media said on Monday. Considered one of the giants of Italian and world cinema, Bertolucci was the only Italian ever to win
Published 27 Nov, 2018 12:00am
First black woman to lead Harvard newspaper

First black woman to lead Harvard newspaper

In January 2019, a liberal-arts student from New York born to immigrant parents will become the first black woman to lead Harvard University's Crimson newspaper in its 145-year history. Kristine Guillaume, who is studying literature, history and African-A
Published 27 Nov, 2018 12:00am
Pound steadies on EU Brexit deal approval
Currency

Pound steadies on EU Brexit deal approval

The pound steadied on Monday after Britain sealed a deal with the European Union on quitting the bloc, with the currency's gains curbed by doubts about whether Prime Minister Theresa May can get the agreement through a divided parliament. With European le
Published 27 Nov, 2018 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian and New Zealand dollars found some support on Monday as Asian markets steadied on hopes for progress on Sino-US tariffs at an anxiously awaited G20 meeting later in the week. The Australian dollar, often used as a liquid proxy for global tr
Published 27 Nov, 2018 12:00am
Bitcoin extends falls
Currency

Bitcoin extends falls

Bitcoin extended its falls on Monday to $3,843, down more than five percent from the day's highs on renewed selling in cryptocurrencies. Other cryptocurrencies also fell sharply, with Ethereum's ether down 1.6 percent and Ripple's XRP down a similar amoun
Published 27 Nov, 2018 12:00am
Most Asian currencies gain
Currency

Most Asian currencies gain

Most Asian currencies gained slightly in thin trade on Monday as risk sentiment remained fragile ahead of this week's G20 summit, with investors focused on developments in Sino-U.S trade talks. US President Donald trump and Chinese President Xi Jinping wi
Published 27 Nov, 2018 12:00am
Sri Lankan rupee hits record low
Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee hit a record low for a fourth straight session on Monday, as investors dumped currency-denominated assets following a credit rating downgrade and a delay in an IMF loan discussion in the wake of a political crisis. The rupee hit a fre
Published 27 Nov, 2018 12:00am
Euro advances towards two-week high in Europe
Currency

Euro advances towards two-week high in Europe

The euro advanced towards a two-week high on Monday as risk appetite picked up thanks to firmer oil prices, and news that Italy may cut its budget deficit target to placate the European Union. Developments in Italy and news that Britain and the EU sealed
Published 27 Nov, 2018 12:00am
Early trade in New York: Euro gains against dollar
Currency

Early trade in New York: Euro gains against dollar

The euro gained against the dollar on Monday on signs that Italy may cut its budget deficit target to satisfy the European Union, and as a rebound in oil prices helped to improve risk sentiment. Italy's governing coalition may reduce next year's budget de
Published 27 Nov, 2018 12:00am
Dollar up in Asia
Currency

Dollar up in Asia

The dollar held broad gains on Monday as investors sought shelter in the world's most liquid currency on fears of a slowdown in global economic growth and as US-Sino trade tensions sapped risk appetite. The greenback, considered a safe haven currency, adv
Published 27 Nov, 2018 12:00am
South Africa's rand up
Currency

South Africa's rand up

South Africa's rand firmed slightly against a softer dollar on Monday, in line with emerging markets, as focus remained on clues on the US Federal Reserve's 2019 hiking cycle and the high-stakes meeting between the leaders of China and the US. Stocks were
Published 27 Nov, 2018 12:00am
England claim landmark Test series sweep in Sri Lanka

England claim landmark Test series sweep in Sri Lanka

Skipper Joe Root hailed England's "complete team-effort" Monday after his team sealed a tense victory over Sri Lanka in the third and final Test to record their first overseas series sweep in 55 years. In the face of stubborn Sri Lankan resistance, spinne
Published 27 Nov, 2018 12:00am
Mashrafe defends move to politics

Mashrafe defends move to politics

Bangladesh cricket superstar Mashrafe Mortaza has defended his decision to enter politics as the "need of the hour" after angering some fans by contesting upcoming elections. Mashrafe, who enjoys rockstar status in cricket-mad Bangladesh, divided opinion
Published 27 Nov, 2018 12:00am
Bangladesh coach defends hostile pitch after West Indies collapse

Bangladesh coach defends hostile pitch after West Indies collapse

Bangladesh coach Steve Rhodes has defended the pitch used for the first Test against West Indies where his side won in three days, insisting foreign teams must expect hostile spin tracks in South Asia. Bangladesh spinners took all 20 West Indies wickets t
Published 27 Nov, 2018 12:00am
Pakistan sniff win as Yasir spin destroys New Zealand

Pakistan sniff win as Yasir spin destroys New Zealand

Leg-spinner Yasir Shah wrecked New Zealand with a career best eight wicket haul as Pakistan sniffed victory on the third day of the second Test in Dubai on Monday. The 32-year-old grabbed 8-41 in 12.3 overs which annihilated New Zealand to 90 all out in j
Published 27 Nov, 2018 12:00am
Azhar Ali to return to Somerset

Azhar Ali to return to Somerset

Pakistan batsman Azhar Ali is returning to Somerset as an overseas player for the 2019 season, the club announced on Monday. The 33-year-old, currently playing in the second Test against New Zealand in Dubai, will be available for the entire County Champi
Published 27 Nov, 2018 12:00am
Pakistan squash teams for US, British Junior championships named

Pakistan squash teams for US, British Junior championships named

Pakistan Squash Federation has selected a group of junior players for participation in US Junior Championship 2018 and the British Junior Championship, 2019. A comprehensive training camp is under progress for selected players at Mushaf Squash Complex, Is
Published 27 Nov, 2018 12:00am
Leisure Leagues organising three U-16 leagues

Leisure Leagues organising three U-16 leagues

Leisure Leagues has now engaged another 24 U-16 teams, which will be playing in three eight-team leagues here at two venues - UP Gymkhana Ground and Shah Faisal Ground. UP Gymkhana is hosting two leagues - Premier and Division 1 while another Premier Leag
Published 27 Nov, 2018 12:00am
Pique fined 48,000 euros for driving without a valid licence

Pique fined 48,000 euros for driving without a valid licence

A Spanish court on Monday slapped Barcelona centre-back Gerard Pique with a fine of 48,000 euros ($54,000) for driving without a valid licence. The 31-year-old, who arrived at the Barcelona court dressed in a grey sweatshirt and wearing a wool cap in the
Published 27 Nov, 2018 12:00am
PCB chief meets Punjab CM for holding PSL matches

PCB chief meets Punjab CM for holding PSL matches

The Punjab government will extend all out cooperation to the Pakistan Cricket Board (PCB) for holding the PSL matches as it will help promote the country's soft image. The assurance to this effect was given by Punjab Chief Minister Sardar Usman Buzdar in
Published 27 Nov, 2018 12:00am
Wage growth slows to worst rate since 2008 crisis: UN

Wage growth slows to worst rate since 2008 crisis: UN

Wage growth in 2017 slowed to its lowest rate since 2008, the year of the financial crisis, despite solid economic growth and falling unemployment in major economies, the International Labour Organization said Monday. The latest global wage report from th
Published 27 Nov, 2018 12:00am
Three Bulgarians arrested over cryptocurrency theft
Currency

Three Bulgarians arrested over cryptocurrency theft

Three Bulgarians were arrested and charged over the theft of cryptocurrencies worth about $5 million, the interior ministry and prosecutors' office and said on Monday. Police seized cryptocurrencies worth about $3 million, as well as computers used by the
Published 27 Nov, 2018 12:00am
Mitsubishi Motors sacks Ghosn as chairman

Mitsubishi Motors sacks Ghosn as chairman

Mitsubishi Motors executives ousted Carlos Ghosn as chairman Monday following his shock arrest for alleged financial misconduct, capping a stunning fall from grace for the tycoon credited with saving the scandal-hit Japanese firm.
Published 27 Nov, 2018 12:00am
Rosneft's Sechin flies to Venezuela, rebukes Maduro over oil shipments

Rosneft's Sechin flies to Venezuela, rebukes Maduro over oil shipments

The head of Russian oil company Rosneft, Igor Sechin, flew to Caracas this week to meet Venezuelan President Nicolas Maduro and complain over delayed oil shipments designed to repay loans, two sources briefed on the conversation said on Saturday.
Published 27 Nov, 2018 12:00am
Saudi energy giant Aramco signs deals worth $27.5 billion

Saudi energy giant Aramco signs deals worth $27.5 billion

Saudi energy giant Aramco has signed 31 agreements and memoranda of understandings worth $27.5 billion with local and international suppliers, CEO Amin Nasser said Monday. "We signed $27.5 billion (24 billion euros) in a total of 31 commercial collaborati
Published 27 Nov, 2018 12:00am
Albania supports Kosovo's trade war with Serbia

Albania supports Kosovo's trade war with Serbia

Albania on Monday lent support to Kosovo's 100-percent tariff on Serbian goods, which Pristina levied last week in retaliation for what it said were Belgrade's efforts to undermine it on the world stage. Albanian Prime Minister Edi Rama said the measure w
Published 27 Nov, 2018 12:00am
Brexit deal to mean four percent hit to UK economy by 2030: think tank

Brexit deal to mean four percent hit to UK economy by 2030: think tank

The British government's Brexit deal with Brussels is likely to mean Britain's economy will be 3.9 percent smaller by 2030 than if it were to stay in the European Union, a leading think tank said on Monday. The hit would be the equivalent of losing the ec
Published 27 Nov, 2018 12:00am
Qatar Airways to expand Iran flights despite sanctions

Qatar Airways to expand Iran flights despite sanctions

Qatar Airways announced Monday it is expanding operations in Iran, despite US sanctions on the Islamic republic and a Gulf diplomatic rift over accusations Doha was too close to Tehran. The carrier will begin twice-weekly flights to Isfahan in February 20
Published 27 Nov, 2018 12:00am
German business confidence falls further

German business confidence falls further

Confidence among German business leaders continued to ebb in November, a closely-watched survey showed Monday, as Europe's largest economy confronts slowing growth and rising risks from abroad. Based on a poll of around 9,000 firms, the Munich-based Ifo i
Published 27 Nov, 2018 12:00am
Top banks' commodities revenue up 32 percent

Top banks' commodities revenue up 32 percent

Commodities-related revenue at the 12 biggest investment banks was 32 percent higher in the first nine months of this year than in the same period in 2017, pulled up by volatile power, gas and base metals prices, consultancy Coalition said on Monday. Reve
Published 27 Nov, 2018 12:00am
Floods ravage rice production in Niger's Diffa region

Floods ravage rice production in Niger's Diffa region

Floods destroyed more than 400 hectares (1,000 acres) of rice in Niger's southeastern Diffa region, already beset by deadly attacks by Boko Haram jihadists, the local governor said. Nearly 3,000 tonnes of rice worth 717 million CFA francs (more than one m
Published 27 Nov, 2018 12:00am
ECB sees inflation still dependent on its support
Currency

ECB sees inflation still dependent on its support

Inflation in the eurozone remains dependent on "signficant" support from the European Central Bank, the institution's president Mario Draghi said Monday, as risks rise and growth slows in the currency bloc. "To ensure that inflation continues to move towa
Published 27 Nov, 2018 12:00am
FTSE joins European bounce led by oil, financials; Vodafone rallies

FTSE joins European bounce led by oil, financials; Vodafone rallies

Britain's top share index joined a European rally on Monday as worries about Brexit eased after the weekend vote in Brussels and investors piled back into oil and financials and the battered telecoms sector rallied on dealmaking news.
Published 27 Nov, 2018 12:00am
India's NSE, BSE indexes jump

India's NSE, BSE indexes jump

Indian shares rose about 1 percent on Monday in volatile trading, led by gains in index heavyweights HDFC Bank Ltd and consumer goods giants Hindustan Unilever Ltd and ITC Ltd. The benchmark BSE index ended 1.07 percent higher at 35,354.08, while the broa
Published 27 Nov, 2018 12:00am
Hong Kong stocks up

Hong Kong stocks up

Stocks in Hong Kong gained on Monday, shrugging off losses in Mainland China, as investors saw signs of the US Federal Reserve slowing its pace of hiking interest rates. The expectation lifted sectors sensitive to interest rates, such as financials and pr
Published 27 Nov, 2018 12:00am
Telecoms, banks lift European shares in post-Thanksgiving rally

Telecoms, banks lift European shares in post-Thanksgiving rally

European shares closed higher on Monday after new-found optimism on Italy's budget tug-of-war with Brussels lifted shares in Milan while speculation about further mergers and acquisitions in telecoms boosted stocks in the sector. A strong open on Wall Str
Published 27 Nov, 2018 12:00am
China stocks extend losses as risk aversion deepens

China stocks extend losses as risk aversion deepens

China stocks shed early gains to end lower on Monday as investors weighed the confluence of risks in the upcoming US-China trade talks, Chinese economy and global oil prices. Financials were the outliers, anchoring the market and steadying the major indic
Published 27 Nov, 2018 12:00am
Australian, New Zealand shares down

Australian, New Zealand shares down

Australian shares were dragged lower on Monday by heavy losses for the mining and energy sectors, as a plunge in oil prices last week inflamed broader fears about slowing global growth and corporate earnings. While Asian share markets put on modest gains
Published 27 Nov, 2018 12:00am
Southeast Asian stocks: Singapore leads gains

Southeast Asian stocks: Singapore leads gains

Southeast Asian stock markets closed higher on Monday, in line with broader Asia, as investors braced for a meeting between US President Donald Trump and Chinese President Xi Jinping at the end of the week. Trump and Xi are expected to meet on the sidelin
Published 27 Nov, 2018 12:00am
Sri Lankan stocks up

Sri Lankan stocks up

The Colombo stock index rose 0.22 percent to 5,943.07 on Monday. It declined 0.41 percent last week following a 0.39 percent fall previous week. It has fallen 6.7 percent so far this year. Foreigners bought a net 17.1 million rupees ($95,000) worth of sto
Published 27 Nov, 2018 12:00am
Tokyo stocks gain on Expo cheer

Tokyo stocks gain on Expo cheer

Tokyo stocks closed higher on Monday, led by gains in the construction sector and other firms related to Japan's hosting of the World Expo 2025, with investors paying close attention to talks over the US-China trade war. The benchmark Nikkei 225 index cli
Published 27 Nov, 2018 12:00am
Egypt's blue-chip index falls, banks boost Qatar

Egypt's blue-chip index falls, banks boost Qatar

Egypt's blue-chip stock index fell for a fifth straight day on Monday, while Saudi Arabia edged up as oil prices rebounded moderately after plunging nearly 8 percent at the end of last week. The Egyptian index, which had plunged 3.8 percent on Sunday, fel
Published 27 Nov, 2018 12:00am
Chinese steel prices edge lower

Chinese steel prices edge lower

Chinese steel prices edged lower on Friday, shrugging off a decline in inventories to be on track for their worst week since late March amid concerns that less rigid production curbs this winter will lead to surplus supplies. Stocks of steel products held
Published 27 Nov, 2018 12:00am
CBOT soyabean futures fall on US-China trade war

CBOT soyabean futures fall on US-China trade war

CBOT soyabean futures sagged on Friday amid doubts that the United States and China will make major progress to resolve a trade war at the upcoming G20 leaders' summit in Buenos Aires, traders said. Chicago Board of Trade January soyabeans dipped 2 cents
Published 27 Nov, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 274,565 tonnes of cargo comprising 206,864 tonnes of import cargo and 67,701 tonnes of export cargo including 9,832 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargos of 20
Published 27 Nov, 2018 12:00am
Euronext wheat futures fall after one-week high

Euronext wheat futures fall after one-week high

Euronext wheat futures fell on Friday as quiet holiday trading in Chicago and a plunge in oil prices encouraged the Paris market to consolidate after an earlier one-week high. Benchmark March milling wheat on Paris-based Euronext settled down 1.75 euros,
Published 27 Nov, 2018 12:00am
Asian naphtha, gasoline cracks fall, end week lower

Asian naphtha, gasoline cracks fall, end week lower

Asia's naphtha crack to Brent crude slipped on Friday marking four straight sessions of declines this week. Concerns of ample supplies continued to weigh on market sentiment despite slightly improved buying interest from North Asian buyers on Friday, trad
Published 27 Nov, 2018 12:00am
CBOT corn sets seven-week low

CBOT corn sets seven-week low

US corn futures closed lower on technical selling on Friday after dropping to their lowest price in more than seven weeks, traders said. Most-active Chicago Board of Trade December corn futures fell 2-3/4 cents to $3.59 a bushel. Earlier, the contract tou
Published 27 Nov, 2018 12:00am
Vietnamese coffee prices fall further; Indonesian premium widens

Vietnamese coffee prices fall further; Indonesian premium widens

Vietnam's domestic coffee prices fell further tracking lower international prices and on rising supplies from an ongoing harvest, while Indonesian premiums widened due to depleted stocks. Farmers in the Central Highlands, Vietnam's largest coffee growing
Published 27 Nov, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,583. The traded value of Metals, Energy and COTS/FX was recorded at 9.851 billion and the number of lots traded 19,584. Major business was contributed by WTI crude oil amo
Published 27 Nov, 2018 12:00am
CBOT wheat futures set one-week highs

CBOT wheat futures set one-week highs

Chicago Board of Trade wheat futures ended firmer on Friday after setting one-week highs earlier in the session on hopes for improving export demand, traders said. The front-month December wheat contract at the CBOT settled up 1 cent at $4.99-3/4 a bushel
Published 27 Nov, 2018 12:00am
Canadian canola futures ease

Canadian canola futures ease

ICE Canadian canola futures eased on Friday for the second straight session, pressured by weaker soy prices and strength in the Canadian dollar. Commercial hedges were lighter until a late flurry, while a lack of export demand is a concern, a trader said.
Published 27 Nov, 2018 12:00am
Lean business on cotton market
Cotton

Lean business on cotton market

Little business was witnessed on the cotton market on Monday as the ginners were not ready to lower asking prices, dealers said. The official spot rate was unchanged at Rs 8,800, they added. Prices of seed cotton in Sindh were at Rs 3000-4000, in the Punj
Published 27 Nov, 2018 12:00am
EU rapeseed sowings disrupted by drought, more imports possible

EU rapeseed sowings disrupted by drought, more imports possible

A sharp cut in rapeseed sowings in the European Union's main producers has raised industry fears of a smaller than expected 2019 crop and a larger import need. Dry autumn weather caused big cuts in rapeseed sowings in the EU's top producers Germany, Franc
Published 27 Nov, 2018 12:00am
Indian rice export prices rise for third week
Currency

Indian rice export prices rise for third week

Rice export prices rose for a third straight week in India as the rupee gained, while an order from the Philippines did little to infuse activity in Thailand and Vietnam. India's 5 percent broken parboiled variety was quoted around $367-$375 per tonne thi
Published 27 Nov, 2018 12:00am
Light rains boost Ivory Coast main cocoa crop

Light rains boost Ivory Coast main cocoa crop

Light rains mixed with sunny spells in most of Ivory Coast last week were expected to boost the main cocoa crop in the world's top producer, farmers said on Monday. Farmers said the outlook for the main crop was good. Ivory Coast is in the dry season that
Published 27 Nov, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 27 Nov, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 27 Nov, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 27 Nov, 2018 12:00am
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