News Archives for Print - 2019-03-01

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (February 28, 2019).

Published 01 Mar, 2019 12:00am

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 (February 28, 2019).

Published 01 Mar, 2019 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (February 28, 2019).

Published 01 Mar, 2019 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (February 28, 2019).

Published 01 Mar, 2019 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 (February 28, 2019).

Published 01 Mar, 2019 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 (February 28, 2019).

Published 01 Mar, 2019 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (February 28, 2019).

Published 01 Mar, 2019 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 01 Mar, 2019 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 01 Mar, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 01 Mar, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 01 Mar, 2019 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 01 Mar, 2019 12:00am

Cotton

Cotton futures up ahead of export sales report

ICE cotton futures rose on Wednesday on expectations of strong US weekly export sales data, while sentiment was boosted by the top US trade official's comments on the inclusion of the natural fiber in a possible trade deal with China. The most active cott

Published 01 Mar, 2019 12:00am

Copper chalks up biggest monthly gain since December 2017

Copper prices on Thursday were set for their biggest monthly rise since December 2017 as weak Chinese factory data and concerns over US-China trade talks were offset by falling stockpiles which point to a tight market. Benchmark copper on the London Metal

Published 01 Mar, 2019 12:00am

Brent eases as trade talks drag, China's economy shows weakness

Brent oil fell while US crude futures steadied on Thursday as US-China trade tensions persisted, both Chinese and Indian economies showed signs of slowing and news of surging US production undermined OPEC-led output curbs.

Published 01 Mar, 2019 12:00am

Tokyo rubber flat

Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, ended flat on Thursday after rising in early trade. The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery stayed unchanged at 20

Published 01 Mar, 2019 12:00am

Vegetable Oil

Malaysian palm oil falls

Malaysian palm oil futures recorded a fifth straight day of losses on Thursday, hitting their lowest in two months, as exports weakened and inventories remained high. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Excha

Published 01 Mar, 2019 12:00am

Gold near two-week lows in Asia

Gold prices on Thursday held near two-week lows touched in the previous session, as the dollar recouped losses after cautious comments from US Trade Representative Robert Lighthizer dented investors' hopes for a closure to the tariff war with China. As of

Published 01 Mar, 2019 12:00am

Gold retreats in Europe

Gold retreated to a two-week low on Thursday as the dollar recouped losses after stronger-than-expected economic data from the United States, setting bullion on course for its first monthly decline in the last five. As of 10:47 am EST (1547 GMT), spot gol

Published 01 Mar, 2019 12:00am

US MIDDAY: soyabeans down

US soyabean prices fell on Thursday despite stronger-than-expected export sales as investors worried that an eagerly awaited trade deal between Washington and Beijing remained elusive. Wheat and corn also fell as heavy deliveries against the March contrac

Published 01 Mar, 2019 12:00am

US MIDDAY: gold eyes first monthly fall

Gold retreated to a two-week low on Thursday as the dollar recouped losses on stronger-than-expected US economic data, setting bullion on course for its first monthly decline in the last five. As of 1:49 pm EST (1849 GMT), spot gold fell 0.4 percent to $1

Published 01 Mar, 2019 12:00am

Currency

Real estate pressures Dubai, most Gulf markets drop

Dubai's stock market slid on Thursday, pulled lower by property and financial stocks, while most major Gulf bourses also fell. The Dubai index fell 1.5 percent, with lender Emirates NBD down 4.2 percent and Emaar Development 4.7 percent lower. Emaar Malls

Published 01 Mar, 2019 12:00am

Tokyo stocks lower

Tokyo stocks fell Thursday as the US chief trade negotiator poured cold water on market optimism over US-China trade negotiations, while investors were also watching the US-North Korea summit. The benchmark Nikkei 225 index slipped 0.79 percent, or 171.35

Published 01 Mar, 2019 12:00am

Thursday's early afternoon trade: indexes struggle after Trump-Kim summit ends early, GDP data

Wall Street's main indexes struggled for direction on Thursday as an abrupt end to a US-North Korean summit and a clutch of weak earnings hit sentiment, with a better-than-feared GDP data offering some support. President Donald Trump said he had walked aw

Published 01 Mar, 2019 12:00am

Wall Street steadies as S&P, Dow end lower

The S&P 500 closed down slightly on Wednesday but well above its session low after testimonies to US Congress from trade and central bank officials as well as President Donald Trump's former lawyer brought few major surprises.

Published 01 Mar, 2019 12:00am

Australian, New Zealand shares up

Australian shares ended higher on Thursday and posted their best February performance since 2015, helped by gains in heavyweight financial and mining stocks. The S&P/ASX 200 index rose 0.3 percent to 6,169.0 at the close of trade. The benchmark rose 0.4 p

Published 01 Mar, 2019 12:00am

Treasury yields move higher

US Treasury yields rose in afternoon trade ahead of Thursday's fourth-quarter gross domestic product figure, despite the growth slowdown suggested by Wednesday's report that the US goods trade deficit widened significantly in December.

Published 01 Mar, 2019 12:00am

Treasury yields move higher

Published 01 Mar, 2019 12:00am

China stocks down, but post biggest monthly gain in nearly four years

Chinese shares ended lower on Thursday on concerns about Sino-US trade and slowing growth, but the country's main stock indexes posted their biggest monthly gains in nearly four years on investor hopes for government stimulus and policy support. At the cl

Published 01 Mar, 2019 12:00am

Indian shares down

Indian shares ended lower on Thursday amid expectations that tensions between nuclear-armed India and Pakistan will not escalate further, while investors awaited a key economic data due later in the day. The United States, China and other world powers hav

Published 01 Mar, 2019 12:00am

February delivers second straight month of gains for European shares

European shares scored a second straight month of gains in February after a choppy session on Thursday when optimism about European banks offset caution over US-China trade. After spending much of the day in the red, the pan-regional STOXX 600 index close

Published 01 Mar, 2019 12:00am

Southeast Asian stocks fall

Southeast Asian stock markets fell sharply on Thursday after a US warning that there was still a long road ahead to resolve trade issues with China, and Washington and Pyongyang failed to reach an agreement. US President Donald Trump said he had walked aw

Published 01 Mar, 2019 12:00am

Mondi, miners weigh on UK main index; Aston Martin skids

London's blue-chip bourse bagged losses for a third straight day as results hurt packaging firm Mondi, miners fell on weak Chinese factory data and Rolls-Royce slipped after dropping out of the race to supply engines for Boeing's mid-market aircraft. The

Published 01 Mar, 2019 12:00am

UK car output slumps on China slowdown, Brexit

The number of cars built in Britain tumbled almost a fifth in January, industry data showed Thursday, rocked by China's slowdown and the threat of a no-deal Brexit. In a gloomy plot twist, James Bond's favourite carmaker Aston Martin revealed plans to set

Published 01 Mar, 2019 12:00am

France says Dutch move on Air France-KLM 'benefits nobody'

French Finance Minister Bruno Le Marie warned Thursday that the Dutch government's purchase of a major stake in Air France-KLM "benefits nobody", as investors braced for management turbulence at the airline. "It's not reasonable to remain in this situatio

Published 01 Mar, 2019 12:00am

Amazon unveils new tools to weed out counterfeit goods

Amazon on Thursday announced a new initiative to crack down on the sale of counterfeit goods on its platform which could allow brands themselves to take down listings of fake merchandise. The program dubbed Project Zero uses a combination of technological

Published 01 Mar, 2019 12:00am

India's economy slows further

India's economy slowed further in the latest quarter, official data showed Thursday, as the world's largest democracy prepares for a national election and clashes with arch-rival Pakistan at the border. GDP growth in Asia's third-largest economy reduced t

Published 01 Mar, 2019 12:00am

BMW and Daimler join forces to develop self-driving cars

German high-end car giants BMW and Mercedes-Benz maker Daimler said Thursday they would work together to develop automated driving and driver assistance systems, the latest cooperation for the historically fierce rivals. The two manufacturers have sealed

Published 01 Mar, 2019 12:00am

China factory activity hits lowest level in three years

China's manufacturing activity shrank for a third straight month in February, sinking to its worst performance in three years as the economy slows and the US trade war bites, official data showed Thursday. The Purchasing Managers' Index (PMI), a gauge of

Published 01 Mar, 2019 12:00am

BoE finds newspaper beats market as economic guide

Flicking through the business pages of The Guardian newspaper could be a better guide to how Britain's economy is faring than following stock market moves, Bank of England research shows. Britain's central bank has investigated for several years whether i

Published 01 Mar, 2019 12:00am

Food shortages threaten 80 percent of Venezuela homes

Eight out of 10 Venezuelan households are at risk of food shortages in the country's economic crisis, a study has found. The study by three Venezuelan universities indicated that 80 percent of households were "at risk of food insecurity because 90 per cen

Published 01 Mar, 2019 12:00am

ExxonMobil finds largest Cyprus gas reserve yet

US energy giant ExxonMobil has discovered a huge natural gas reserve off the coast of Cyprus, Cypriot authorities said Thursday, a find that could raise tensions with nearby Turkey. The "world-class discovery" is the biggest find in the island's Exclusive

Published 01 Mar, 2019 12:00am

Currency

Russian bitcoin suspect held in Greece

A Russian being held in Greece on money laundering and fraud charges is dangerously malnourished after three months on hunger strike in protest at his incarceration, his lawyers said Thursday. Alexander Vinnik, who headed the Bitcoin exchange BTC-e and fa

Published 01 Mar, 2019 12:00am

Rolls-Royce pulls out of race to power future Boeing plane

Rolls-Royce no longer wishes to be a candidate to make the engine for a new midsize passenger jet proposed by US planemaker Boeing, the troubled British group said Thursday. Rolls gave the update alongside news that it had dived into a net loss last year

Published 01 Mar, 2019 12:00am

US economic growth slows moderately in fourth quarter

The US economy slowed less than expected in the fourth quarter amid solid consumer and business spending, leaving 2018 growth just shy of the Trump administration's 3 percent annual target.

Published 01 Mar, 2019 12:00am

Tactical rethink puts NZ on top against Bangladesh

A hasty rewrite of the battle plan saw Neil Wagner bag a five-wicket haul as New Zealand ripped through the Bangladesh tail to counter Tamim Iqbal's virtuoso century on day one of the first Test in Hamilton on Thursday. Despite Tamim's heroic 126, New Zea

Published 01 Mar, 2019 12:00am

Naib stars as Afghanistan down Ireland in first ODI

Gulbadin Naib starred with both bat and ball as Afghanistan outplayed Ireland by five wickets in the first one-day international on Thursday. Naib took two wickets to help dismiss Ireland for 161 and then struck a crucial 46 as Afghanistan achieved their

Published 01 Mar, 2019 12:00am

Two more matches decided in Open Polo

Master Paints and Barry's notched up contrastive victories in the International Steels National Open Polo Championship for Quaid-e-Azam Gold Cup 2019 matches played here at Lahore Polo Club ground on Thursday. In the first match of the day, Master Paints

Published 01 Mar, 2019 12:00am

Prince William slams football clubs over mental health care

Prince William has launched a withering broadside at football clubs, lambasting them for a "dereliction of duty" in their lack of care for players' mental health. Prince William, who along with younger brother Prince Harry have spoken openly about their o

Published 01 Mar, 2019 12:00am

Islamabad United foreign players ready to play in Pakistan: Shoaib

Chief Operating Officer (COO) Islamabad United, one of the franchises of the Pakistan Super League (PSL), Shoaib Naveed on Thursday said that all the foreign cricketers, who are part of the Islamabad United, are ready to play cricket matches scheduled in

Published 01 Mar, 2019 12:00am

Suarez double sends Barcelona past Real Madrid and into Copa del Rey final

Luis Suarez scored twice on Wednesday as Barcelona inflicted another defeat on Real Madrid to move within touching distance of winning a record fifth consecutive Copa del Rey. Madrid were the better side for at least half of a wild Clasico at the Santiago

Published 01 Mar, 2019 12:00am

Nadal blasts Kyrgios for 'lack of respect' after Acapulco defeat

Rafael Nadal accused Nick Kyrgios of lacking respect "for the public, the opponent and himself" after a stormy defeat to the Australian firebrand at the Mexico Open. Kyrgios survived three match points to beat top-seeded Nadal 3-6, 7-6 (7/2), 7-6 (8/6) on

Published 01 Mar, 2019 12:00am

Rashid, Buttler take England to victory

Adil Rashid snared four wickets in five balls as England resisted a determined West Indies effort to claim a 29-run victory in a high-scoring fourth One-Day International at the National Stadium in Grenada on Wednesday.

Published 01 Mar, 2019 12:00am

Yen, Swiss franc gain in Asia

The safe-haven Swiss franc and the yen gained slightly on Thursday after the United States and North Korea failed to reach an agreement on denuclearisation of the Korean peninsula after two days of meetings. Risk currencies were also hampered by uncertain

Published 01 Mar, 2019 12:00am

Currency

Euro jumps to three-week high in Europe

The euro jumped to a three-week high on Thursday as growing expectations that the European economy may have turned a corner encouraged investors to buy the single currency while the Swedish crown jumped after a strong growth reading. Core European bond yi

Published 01 Mar, 2019 12:00am

Early trade in New York: dollar gains against yen, cuts losses against euro

The dollar rose to a 10-week high against the yen and reduced losses versus the euro on Thursday, after US data showed that growth in the world's largest economy was stronger than expected in the fourth quarter. Prior to the data, the dollar index, a meas

Published 01 Mar, 2019 12:00am

Dollar advances in New York trade

The safe-haven dollar rose from a three-week low on Wednesday, as investors grew cautious about US trade talks with China after the country's trade representative said there are still serious issues to work through to secure a deal and ensure that future

Published 01 Mar, 2019 12:00am

Aussie, kiwi on defensive

The Australian dollar was on the defensive on Thursday after a disappointing reading on Chinese manufacturing overshadowed a solid report on domestic business investment. Not helping were comments from President Donald Trump's chief trade negotiator that

Published 01 Mar, 2019 12:00am

Most Asian currencies subdued

Most Asian currencies traded sideways on Thursday after cautious comments from a top US trade official spoiled hopes of a speedy end to the protracted US-China trade dispute, while dismal Chinese factory activity data added to investor worries. US Trade R

Published 01 Mar, 2019 12:00am

Rand falls

The South African rand fell on Thursday as fading hopes for a US-China trade deal and an unsatisfactory end to the US-North Korea summit subdued demand for emerging market currencies. At 1520 GMT the rand was 0.77 percent weaker at 14.0425 against the US

Published 01 Mar, 2019 12:00am

Currency

Sterling eases

The pound edged lower on Thursday after this week's run as investors booked profits and assessed the continued uncertainty about when Britain will exit the European Union and on what terms. Sterling has surged to multi-month highs this week after Prime Mi

Published 01 Mar, 2019 12:00am

Canadian canola futures lower

ICE Canadian canola futures fell for a fourth straight session on Wednesday, with the front three months recording life-of-contract lows on technical selling coupled with poor export prospects and ample domestic supplies, traders said.

Published 01 Mar, 2019 12:00am

CBOT corn futures lower

Chicago Board of Trade (CBOT) corn futures fell for a third consecutive session on Wednesday, dropping to a five-month low ahead of the first notice day for deliveries against the March contract. CBOT May corn fell 2-1/4 cents to $3.73-3/4 per bushel. It

Published 01 Mar, 2019 12:00am

Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,719. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.536 billion and the number of lots traded 12,884. Major business was contributed by NSDQ100 a

Published 01 Mar, 2019 12:00am

Dry conditions to curb Australia's wheat crop

Dry conditions for up to six months in parts of Australia's east coast are set to curb wheat crop yields for a third straight year in the world's No.4 exporter of the grain, a private US-based weather forecaster said on Wednesday. Australia has been grapp

Published 01 Mar, 2019 12:00am

Coffee harvest in Brazil to start earlier

Coffee harvesting in Brazil's Minas Gerais and São Paulo states should start around 15 days earlier than normal this year after excessive heat in December and January accelerated the fruit ripening process, farm cooperative Cooxupé said on Wednesday. "Exc

Published 01 Mar, 2019 12:00am

China's iron ore flat, steel prices rise

China's iron ore futures ended little changed on Wednesday after hitting a three-week low in the previous session, as market expects demand from steel mills to pick up ahead of the peak spring construction season. The most traded iron ore contract on the

Published 01 Mar, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 84,396 tonnes of cargo comprising 58,421 tonnes of import cargo and 25,975 tonnes of export cargo including 3,970 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 58

Published 01 Mar, 2019 12:00am

Cotton

Cotton prices down on slow trade activity

Trade activity slowed down despite modest decline in the rates on the cotton market on Thursday, dealers said. The official spot rate was lower by Rs 100 to Rs 8,500, they added. In the ready session, approximately 800 bales of cotton finalised between Rs

Published 01 Mar, 2019 12:00am

CBOT wheat futures fall

Chicago Board of Trade (CBOT) wheat futures fell on Wednesday, failing to rebound after hitting contract lows this week following concerns over international demand for US supplies. CBOT May soft red winter wheat fell 1-1/2 cents to $4.66-3/4 a bushel. K.

Published 01 Mar, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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