Print - 2018-12-01
Trump claims win as US, Mexico, Canada sign new trade deal

Trump claims win as US, Mexico, Canada sign new trade deal

The leaders of the United States, Mexico and Canada on Friday signed a huge regional trade deal to replace the old NAFTA, denounced by President Donald Trump as a killer of US jobs. "This is a model agreement that changes the trade landscape forever," Tru
Published 01 Dec, 2018 12:00am
Italy economy contracts for first time since 2014

Italy economy contracts for first time since 2014

Italy's economy shrank in the third quarter, a first since 2014, official data showed Friday, upping the pressure on the country's populist government and its big spending budget. Gross domestic product (GDP) contracted by 0.1 percent between July and Sep
Published 01 Dec, 2018 12:00am
Poland, Denmark agree Baltic Sea gas pipeline

Poland, Denmark agree Baltic Sea gas pipeline

EU partners Poland and Denmark on Friday agreed to build a natural gas pipeline along the Baltic Sea floor to supply Poles with Norwegian gas as they seek to ease heavy dependence on Russian supplies. Under the plan, the 900 kilometre-long (560 miles) Bal
Published 01 Dec, 2018 12:00am
ECB launches real-time payments in challenge to tech giants

ECB launches real-time payments in challenge to tech giants

The European Central Bank on Friday rolled out the first pan-eurozone instant payment service, hoping to become a dominant player in a field crowded by US and Asian tech giants. The so-called TIPS system will allow consumers and businesses across the 19-n
Published 01 Dec, 2018 12:00am
FTSE falls as investor confidence drains ahead of high-stakes G20

FTSE falls as investor confidence drains ahead of high-stakes G20

UK shares closed lower on Friday notching up a second straight monthly loss, as weak China data drained confidence ahead of a high-stakes G20 meeting between China and the United States, with builders, financial and mining stocks leading the losses.
Published 01 Dec, 2018 12:00am
Southeast Asian markets: Malaysia, Indonesia lead losses

Southeast Asian markets: Malaysia, Indonesia lead losses

Malaysian and Indonesian shares led losses on Friday amid caution ahead a high-stakes meeting between leaders of China and the United States, while Thai stocks rose on higher oil prices. US President Donald Trump and his Chinese counterpart Xi Jinping are
Published 01 Dec, 2018 12:00am
European shares cautiously dip ahead of G20 meeting

European shares cautiously dip ahead of G20 meeting

Weakened in morning trading by poor data from China, European shares closed lower on Friday ahead of Saturday's crucial G20 talks between US President Trump and China's Xi Jinping over trade. The pan-European STOXX 600 ended the session down 0.3 percent a
Published 01 Dec, 2018 12:00am
Tokyo stocks surge
Currency

Tokyo stocks surge

Tokyo stocks closed higher for a sixth day on Friday as focus shifted to the much-anticipated US-China summit during the G20 this weekend. The benchmark Nikkei 225 index gained 0.40 percent to 88.46 points to end at 22,351.06, while the broader Topix inde
Published 01 Dec, 2018 12:00am
China stocks climb in low-volume trade

China stocks climb in low-volume trade

China stocks rose on Friday in thin trading volume, amid caution ahead of a most-awaited meeting between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Argentina. The Shanghai Composite index was up
Published 01 Dec, 2018 12:00am
Treasury yield curve flattens

Treasury yield curve flattens

The benchmark 10-year Treasury yield fell as the two-year return rose on Thursday, flattening the yield curve, after minutes from the last Federal Reserve policy-making meeting showed October's market volatility would not deter the US central bank from ra
Published 01 Dec, 2018 12:00am
Treasury yield curve flattens

Treasury yield curve flattens

The benchmark 10-year Treasury yield fell as the two-year return rose on Thursday, flattening the yield curve, after minutes from the last Federal Reserve policy-making meeting showed October's market volatility would not deter the US central bank from ra
Published 01 Dec, 2018 12:00am
Indian shares climb

Indian shares climb

Indian shares ended higher for November, clocking gains on Friday led by Infosys Ltd and other IT stocks, ahead of key economic growth data expected later in the day. The broader NSE index closed 0.17 percent higher at 10,876.75, while the benchmark BSE i
Published 01 Dec, 2018 12:00am
Wall Street edges down as technology, bank stocks weigh

Wall Street edges down as technology, bank stocks weigh

Wall Street closed slightly lower on Thursday as tech and financial shares slumped, erasing earlier gains stemming from Federal Reserve minutes showing the central bank opened the debate on when to pause further interest rate hikes.
Published 01 Dec, 2018 12:00am
Friday's early trade: stocks flat ahead of Trump-Xi trade talk

Friday's early trade: stocks flat ahead of Trump-Xi trade talk

US stocks were trading flat on Friday as investors stayed away from making bets ahead of a much-awaited meeting between the United States and China that could decide the course of a bitter trade dispute between the two economies.
Published 01 Dec, 2018 12:00am
Australian shares down; New Zealand rises

Australian shares down; New Zealand rises

Australian shares ended lower on Friday as investors grappled with a cocktail of negative domestic and global factors, including uncertainty over an inquiry into the financial sector and weak Chinese factory activity data. World markets were also on edge
Published 01 Dec, 2018 12:00am
Chinese iron ore climbs after three-day slide

Chinese iron ore climbs after three-day slide

Chinese iron ore futures jumped 1 percent on Wednesday, recovering after a three-day slide, as steel prices regained some lost ground following an early-week selloff that pushed steel into a bear market. Goldman Sachs analysts said most of the price slide
Published 01 Dec, 2018 12:00am
Cotton traders in dilemma on sharp rise in dollar
Cotton

Cotton traders in dilemma on sharp rise in dollar

Leading participants indulged in dilemma on the cotton market on Friday after sharp devaluation of the rupee versus the dollar, dealers said. The official spot rate was unchanged at Rs 8,650, they added. Prices of seed cotton in Sindh were at Rs 3000-4000
Published 01 Dec, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 149,016 tonnes of cargo comprising 62,394 tonnes of import cargo and 86,622 tonnes of export cargo including 7,362 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargos of 62,
Published 01 Dec, 2018 12:00am
Asian gasoline and naphtha cracks firmer

Asian gasoline and naphtha cracks firmer

Asia's gasoline and naphtha cracks were firm on Thursday amid tumbling crude oil prices, but concerns of a persistent supply glut continued to weigh on sentiment and limit upside potential, trade sources said. Official data released on Thursday showed Sin
Published 01 Dec, 2018 12:00am
CBOT corn futures mostly steady

CBOT corn futures mostly steady

Chicago Board of Trade corn futures ended mostly steady on Thursday as support from larger-than-expected weekly US export sales offset spillover pressure from soyabeans, traders said. CBOT most-active March corn settled unchanged at $3.73-1/4 per bushel w
Published 01 Dec, 2018 12:00am
Paris wheat futures fall on slow exports

Paris wheat futures fall on slow exports

Paris wheat futures fell on Thursday to their lowest in over a week, hit by weaker US prices and lagging western European exports. Benchmark March milling wheat on the Paris-based Euronext exchange settled 1.25 euros, or 0.6 percent, lower at 201.00 euros
Published 01 Dec, 2018 12:00am
Canadian canola futures ease

Canadian canola futures ease

ICE Canadian canola futures eased on Thursday, as traders said they awaited clarity on US soyabean trade with China. Canola trading was almost flat as traders awaited a meeting Friday or Saturday between the leaders of the United States and China at the G
Published 01 Dec, 2018 12:00am
CBOT soyabean futures down

CBOT soyabean futures down

Chicago Board of Trade soyabean futures closed lower on Thursday on position-squaring ahead of US-China trade talks expected at the G20 summit later this week, traders said. Soya traders are awaiting any sign of a thaw in trade relations between Washingto
Published 01 Dec, 2018 12:00am
PMEX daily trading report

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,603. The traded value of Metals, Energy and COTS/FX was recorded at 9.345 billion and the number of lots traded 27,574.
Published 01 Dec, 2018 12:00am
The fall of the ego empire

The fall of the ego empire

It is all about success. Success in life is built around multiple success ladders. How brilliant you are in your academic life-the grades in schools, the medals in colleges, the awards in universities.
Published 01 Dec, 2018 12:00am
EU highlights gender pay gap as disparities range across bloc

EU highlights gender pay gap as disparities range across bloc

Despite gains in education and their growing numbers in the workforce, women across the European Union earn on average 16 percent less than men - a figure that has moved very little over the last decade. The gender pay gap varies quite a bit among member
Published 01 Dec, 2018 12:00am
Tightrope tradition teeters on verge of extinction in Russia's Dagestan

Tightrope tradition teeters on verge of extinction in Russia's Dagestan

Dressed in a red and silver sequined jacket and trousers, 13-year-old Muhamed Balikhanov holds a long pole as he slowly rides an old red bicycle along a tightrope suspended several metres off the ground. In his remote village of Chakhchakh in the southern
Published 01 Dec, 2018 12:00am
ART FACTS: Formidably mysterious

ART FACTS: Formidably mysterious

Critical and creative works by fresh graduates in a group show titled "Bulb" at Sanat Gallery, Karachi dealt with formidably mysterious issues scattered around us in our society. The artists used their creativity, skills, experiences and perceptions in sh
Published 01 Dec, 2018 12:00am
Casualty of nature

Casualty of nature

Karim Ahmed Khan investigated the global issue of war where nature is its victim. He also talked about the counter effects of war on human life in a solo show at Mainframe Gallery, Karachi. He used Burnt fissure tree (Charcoal) as a medium as well as his
Published 01 Dec, 2018 12:00am
Silent plane with no moving parts makes 'historic' flight

Silent plane with no moving parts makes 'historic' flight

The blue glowing jets of science fiction spacecraft came a step closer to reality on Wednesday as US physicists unveiled the world's first solid-state aeroplane powered in flight by supercharged air molecules. More than a century on from the Wright brothe
Published 01 Dec, 2018 12:00am
Japan's 'ama' grannies cling to their freediving fishing tradition

Japan's 'ama' grannies cling to their freediving fishing tradition

A group of Japanese grannies emerges from a boat returning to shore. Clad in black wetsuits and bubbling with energy, they are part of a dwindling community of "ama" - freediving fisherwomen. As they compare the hauls of shellfish they have gathered, the
Published 01 Dec, 2018 12:00am
Wretched education in lower Sindh

Wretched education in lower Sindh

Poverty, lack of school buildings, necessary facilities in the school buildings and teachers are the main causes of declining enrollment in the primary schools in lower Sindh districts as the provincial government has failed to take concrete measures to f
Published 01 Dec, 2018 12:00am
Canadian doctors to start prescribing museum visits

Canadian doctors to start prescribing museum visits

A group of Canadian doctors are to begin prescribing trips to an art gallery to help patients suffering a range of ailments become a picture of health. A partnership between the Francophone Association of Doctors in Canada (MFdC) and the Montreal Museum o
Published 01 Dec, 2018 12:00am
Dark, new 'Fantastic Beasts' movie grounded in real world

Dark, new 'Fantastic Beasts' movie grounded in real world

Albus Dumbeldore is a young professor at Hogwarts School; the charismatic but evil Gellert Grindelwald is determined to manipulate the world for his own ends; and Newt Scamander, with his magical suitcase of strange creatures, is trying to stop him. The w
Published 01 Dec, 2018 12:00am
Orchestra brings message of peace to divided America

Orchestra brings message of peace to divided America

Israeli, Palestinian and other Middle Eastern musicians brought a message of peace earlier last month to an America torn by caustic political discourse. For nearly 20 years, youths from sworn enemy countries have performed classical music together at the
Published 01 Dec, 2018 12:00am
Calixto Bieito brings his 'film noir' to Paris Opera

Calixto Bieito brings his 'film noir' to Paris Opera

Spain's Calixto Bieito built his reputation by shattering operatic norms, but his new production of "Simon Boccanegra" in Paris shows the restrained side of a director more known for performances featuring sex, blood and violence. "I don't have a formula
Published 01 Dec, 2018 12:00am
BRIDGE NOTES: Testing your play

BRIDGE NOTES: Testing your play

This is a problem in dummy play and is given to test the reader's ability and skill in treating this problem in the whole context of the game and not falling into the blind spot which can strike even the best players.What one should keep in mind when tack
Published 01 Dec, 2018 12:00am
French composer Francis Lai of 'Love Story' fame dies

French composer Francis Lai of 'Love Story' fame dies

Francis Lai, the composer behind memorable songs and film scores for dozens of French artists, has died aged 86, the mayor of his Mediterranean hometown of Nice said Thursday. Besides writing music for stars like Edith Piaf and Juliette Greco, Lai was per
Published 01 Dec, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Dec, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Dec, 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 Friday (November 30, 2018).

Published 01 Dec, 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 Friday (November 30, 2018).

Published 01 Dec, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (November 30, 2018).
Published 01 Dec, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (November 30, 2018).

Published 01 Dec, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (November 30, 2018).

Published 01 Dec, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (November 30, 2018).

Published 01 Dec, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (November 30, 2018).

Published 01 Dec, 2018 12:00am
Alaska hit by powerful earthquake

Alaska hit by powerful earthquake

A powerful earthquake rocked Anchorage on Friday, violently shaking homes and businesses in Alaska's largest city and knocking out power to some residents. The 7.0 magnitude quake was located about eight miles (13 kilometers) north of Anchorage and struck
Published 01 Dec, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 01 Dec, 2018 12:00am
Gold pares gains in New York

Gold pares gains in New York

Gold held steady but pared some gains made early on Thursday as the dollar recovered and minutes from the US Federal Reserve's recent meeting showed an interest rate hike was imminent in December. Spot gold rose 0.2 percent to $1,223.75 per ounce at 15:12
Published 01 Dec, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 01 Dec, 2018 12:00am
Arabica coffee slides 4 percent, sugar falls
Currency

Arabica coffee slides 4 percent, sugar falls

Arabica coffee futures fell more than 4 percent on Friday, pressured by technical selling and weakness in top-grower Brazil's currency, while raw sugar also fell and cocoa edged higher. March arabica coffee settled down 4.75 cent, or 4.23 percent, at $1.0
Published 01 Dec, 2018 12:00am
Presentation

Presentation

Presentation at PSX auditorium (only for members and an authorised employee of the members).

Published 01 Dec, 2018 12:00am
Palm oil rises for third straight day
Vegetable Oil

Palm oil rises for third straight day

Malaysian palm oil futures closed higher for the third day in a row on Friday evening, supported by gains in related edible oils and ahead of US-China trade talks at the G20 meeting on Saturday. The benchmark palm oil contract for February delivery on the
Published 01 Dec, 2018 12:00am
Tokyo rubber hits near three-week high

Tokyo rubber hits near three-week high

Benchmark Tokyo rubber futures hit a near three-week high on Friday and marked the first weekly gain in eight weeks on firm oil prices and Shanghai futures. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia,
Published 01 Dec, 2018 12:00am
Oil drops; losses limited by hopes of Opec, Russia output cut

Oil drops; losses limited by hopes of Opec, Russia output cut

Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (Opec) and Russia would agree some form of production cut next week.
Published 01 Dec, 2018 12:00am
US September oil output hits 11.5 million barrels per day

US September oil output hits 11.5 million barrels per day

US crude oil output hit a new all-time high of 11.5 million barrels per day in September, according to the government on Friday, the latest indicator of a wave of onshore US production that has weighed on global markets. US crude production rose 129,000 b
Published 01 Dec, 2018 12:00am
Copper steadies as all eyes turn to G20 meeting

Copper steadies as all eyes turn to G20 meeting

Copper prices steadied on Friday ahead of a meeting of global leaders at the G20 summit, where a long-standing trade dispute between China and the United States is expected to take centre stage. Tit-for-tat trade tariffs have rattled global markets and sa
Published 01 Dec, 2018 12:00am
Alaska hit by powerful earthquake

Alaska hit by powerful earthquake

A powerful earthquake rocked Anchorage on Friday, violently shaking homes and businesses in Alaska's largest city and knocking out power to some residents. The 7.0 magnitude quake was located about eight miles (13 kilometers) north of Anchorage and struck
Published 01 Dec, 2018 12:00am
THE RUPEE: rupee hit at all-time low vs $
Currency

THE RUPEE: rupee hit at all-time low vs $

In interbank market, the rupee fell sharply in relation to the dollar, losing Rs 4.75 for buying at Rs 138.75 and it also shed Rs 3.85 for selling at Rs 139.25, dealers said.
Published 01 Dec, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 30, 2018).

Published 01 Dec, 2018 12:00am
Dollar-denominated sovereign debt comes under pressure
Currency

Dollar-denominated sovereign debt comes under pressure

Pakistan's dollar-denominated sovereign debt came under pressure on Friday after the central bank slashed its growth forecast and warned of mounting headwinds while hiking interest rates to 10 percent. The country's 2036 issue fell 1.23 cents to 88.436 ce
Published 01 Dec, 2018 12:00am
SBP hikes interest rate despite lower growth

SBP hikes interest rate despite lower growth

The State Bank of Pakistan (SBP) on Friday announced an increase in the key policy rate by 150 basis points (bps) to 10 percent ahead of rising inflation, higher fiscal deficit and low foreign exchange reserves challenges to Pakistan''s economy.
Published 01 Dec, 2018 12:00am
SBP hikes interest rate despite lower growth

SBP hikes interest rate despite lower growth

The State Bank of Pakistan (SBP) on Friday announced an increase in the key policy rate by 150 basis points (bps) to 10 percent ahead of rising inflation, higher fiscal deficit and low foreign exchange reserves challenges to Pakistan's economy.
Published 01 Dec, 2018 12:00am
THE RUPEE: rupee hit at all-time low vs $
Currency

THE RUPEE: rupee hit at all-time low vs $

In interbank market, the rupee fell sharply in relation to the dollar, losing Rs 4.75 for buying at Rs 138.75 and it also shed Rs 3.85 for selling at Rs 139.25, dealers said.
Published 01 Dec, 2018 12:00am
SBP hikes interest rate despite lower growth

SBP hikes interest rate despite lower growth

The State Bank of Pakistan (SBP) on Friday announced an increase in the key policy rate by 150 basis points (bps) to 10 percent ahead of rising inflation, higher fiscal deficit and low foreign exchange reserves challenges to Pakistan's economy.
Published 01 Dec, 2018 12:00am
Army prepared to respond to any threat on borders: Bajwa

Army prepared to respond to any threat on borders: Bajwa

General Qamar Javed Bajwa, Chief of Army Staff (CoAS) visited formation of Sialkot Corps during its winter collective training exercise. CoAS witnessed final phase of the operational exercise by an Infantry Division.
Published 01 Dec, 2018 12:00am