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Print - 2019-03-09
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 181,321 tonnes of cargo comprising 107,841 tonnes of import cargo and 73,480 tonnes of export cargo including 6,748 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargos of 10
Published 09 Mar, 2019 12:00am
Cotton prices firm on strong buying by mills
Cotton

Cotton prices firm on strong buying by mills

Persistent demand for quality lint, helped the rates to maintain stable trend on the cotton market on Friday in the process of trading activity, dealers said. The official spot rate unchanged at Rs 8,600, they added. In the ready session, about 11,000 bal
Published 09 Mar, 2019 12:00am
CBOT soyabean futures rise on Chinese deal

CBOT soyabean futures rise on Chinese deal

Chicago Board of Trade (CBOT) soyabean futures inched upward on Thursday on news that Chinese state-owned firms bought at least 500,000 tonnes of US soyabeans, traders said. CBOT May soyabeans settled up 1/2 cent at $9.02-1/2 per bushel on Thursday.
Published 09 Mar, 2019 12:00am
China shares tumble the most in five months

China shares tumble the most in five months

China stocks suffered their worst day in five months on Friday, plunging about 4 percent as investors scrambled to take profit amid signs of tighter regulatory scrutiny after a recent market resurgence fuelled concerns of bubbles forming. The blue-chip CS
Published 09 Mar, 2019 12:00am
Friday's early afternoon trade: stocks fall for fifth day

Friday's early afternoon trade: stocks fall for fifth day

US stocks were on pace for their fifth day of losses on Friday, after weak US jobs data in February added to concerns over cooling global growth that was sparked by a sharp fall in China's exports and a prolonged slowdown in the eurozone. The US economy a
Published 09 Mar, 2019 12:00am
Wall Street drops for fourth day as ECB stokes growth worries

Wall Street drops for fourth day as ECB stokes growth worries

Wall Street's main indexes fell for a fourth consecutive session on Thursday, after Europe's central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth. European C
Published 09 Mar, 2019 12:00am
Treasury yields follow Europe downward

Treasury yields follow Europe downward

Ahead of Friday's US employment report Treasury yields were lower, propelled by the European Central Bank's decision to delay its first post-crisis interest-rate hike until 2020 and offered banks a fresh round of loans to prevent a credit crunch that coul
Published 09 Mar, 2019 12:00am
Treasury yields follow Europe downward

Treasury yields follow Europe downward

Ahead of Friday's US employment report Treasury yields were lower, propelled by the European Central Bank's decision to delay its first post-crisis interest-rate hike until 2020 and offered banks a fresh round of loans to prevent a credit crunch that coul
Published 09 Mar, 2019 12:00am
India shares fall

India shares fall

Indian shares fell on Friday, snapping four straight sessions of gains, as recent global data and forecasts deepened concerns about the world economy. The benchmark BSE index settled 0.15 percent lower at 36,671.43, but posted a weekly gain of 1.7 percent
Published 09 Mar, 2019 12:00am
Tokyo stocks remain down for fourth day

Tokyo stocks remain down for fourth day

Tokyo stocks closed lower for the fourth straight day on Friday as risk aversion grew after weak Chinese trade data fuelled worries over the global economy. The Nikkei 225 index lost 2.01 percent, or 430.45 points, to 21,025.56. Over the week, the benchma
Published 09 Mar, 2019 12:00am
Cocktail of poor data sinks European stocks further

Cocktail of poor data sinks European stocks further

European stocks notched up their biggest weekly fall since December on Friday, extending losses as weak China and German data and poor US jobs numbers tightened bears' grip on the market, underscoring worries about a global economic slowdown. The STOXX 60
Published 09 Mar, 2019 12:00am
Australian shares fall; New Zealand inches up

Australian shares fall; New Zealand inches up

Australian shares stumbled 1 percent on Friday after weak Chinese trade data stoked further fears of global economic slowdown, while financials led declines as heads of the country's top banks faced parliamentary questioning. The S&P/ASX 200 index fell 60
Published 09 Mar, 2019 12:00am
Southeats Asian stocks fall on dismal China trade data

Southeats Asian stocks fall on dismal China trade data

Southeast Asian stocks tumbled on Friday in line with broader Asian peers, after the region's largest trading partner, China, reported a sharper-than-expected fall in exports in February, reigniting concerns of a global slowdown. Exports from Beijing in F
Published 09 Mar, 2019 12:00am
Bookie GVC, global growth concerns spur bets against FTSE 100

Bookie GVC, global growth concerns spur bets against FTSE 100

London's main bourse slipped on Friday, pulled lower by a fall in gambling firm GVC on news that its top executives cut stakes and a decline in oil majors after Norway's sovereign wealth fund said it would sell its upstream oil and gas holdings. Strugglin
Published 09 Mar, 2019 12:00am
Japan's fourth quarter growth revised up

Japan's fourth quarter growth revised up

Japan's economy grew faster than initially thought in the October-December quarter, due partly to strong corporate investment, official figures showed Friday. The world's third-biggest economy grew 0.5 percent quarter-on-quarter, up from the preliminary f
Published 09 Mar, 2019 12:00am
Sri Lanka raises $2.4 billion as IMF extends bailout

Sri Lanka raises $2.4 billion as IMF extends bailout

Sri Lanka has raised $2.4 billion as it returned to the international bond market for the first time since a political crisis triggered rating downgrades, the central bank announced Friday. A power struggle between the president and the prime minister lat
Published 09 Mar, 2019 12:00am
Uber settles Dutch probe for 2.3 million euros

Uber settles Dutch probe for 2.3 million euros

US ride-hailing giant Uber is to pay more than 2.3 million euros to settle a Dutch criminal probe into the breach of local taxi laws, prosecutors said Friday. The Netherlands settlement is the latest in a series around the world which has forced the compa
Published 09 Mar, 2019 12:00am
Canada's monthly job growth exceeds US, stifles rate cut calls

Canada's monthly job growth exceeds US, stifles rate cut calls

A second consecutive month of bumper job gains quelled concerns that Canada's economy could be headed for a recession and cooled market expectations that the Bank of Canada could cut interest rates by the end of the year. Statistics Canada reported on Fri
Published 09 Mar, 2019 12:00am
Trump won't sign China trade pact unless it's 'great'

Trump won't sign China trade pact unless it's 'great'

President Donald Trump said Friday he will not agree to a pact with China to resolve the months-long trade war unless it is a "very good deal." The economic superpowers have been locked in a trade battle since last summer, striking out with steep tariffs
Published 09 Mar, 2019 12:00am
German industrial orders post strongest drop in 7 months

German industrial orders post strongest drop in 7 months

German industrial orders posted their biggest drop in seven months in January, a further sign that Europe's largest economy had a subdued start to 2019, although December's figure was revised to show a rise rather than the previously reported fall. Contra
Published 09 Mar, 2019 12:00am
Tesla gets $520 million funding for first Chinese plant

Tesla gets $520 million funding for first Chinese plant

Electric carmaker Tesla has won more than $520 million in loans from Chinese banks to build its first overseas car plant near Shanghai, the first foreign automaker to wholly own a factory in China. The funding, announced on Thursday, is an important boost
Published 09 Mar, 2019 12:00am
Biggest sovereign wealth fund to dump oil and gas

Biggest sovereign wealth fund to dump oil and gas

Norway's sovereign wealth fund, the world's biggest thanks to petrodollars, will sell off stakes in oil and gas exploration and production companies to reduce its exposure to black gold, the government said Friday. While the decision is based solely on fi
Published 09 Mar, 2019 12:00am
US February job growth weakest in nearly 1-1/2 years

US February job growth weakest in nearly 1-1/2 years

US employment growth almost stalled in February, with the economy creating only 20,000 jobs, adding to signs of a sharp slowdown in economic activity in the first quarter. The meagre payroll gains reported by the Labour Department on Friday were the weake
Published 09 Mar, 2019 12:00am
Thailand bars weightlifters

Thailand bars weightlifters

Thailand is barring its weightlifters from the 2020 Tokyo Olympics and all other international competitions, the association overseeing the sport said Friday, after several athletes tested positive for doping. The International Weightlifting Federation ha
Published 09 Mar, 2019 12:00am
Master Paints Black in Open Polo final

Master Paints Black in Open Polo final

Master Paints Black breezed into the main final of the International Steels National Open Polo Championship for Quaid-e-Azam Gold Cup 2019 after routing Diamond Paints/Newage by 11-5 in the crucial match played here at Lahore Polo Club ground on Friday.
Published 09 Mar, 2019 12:00am
Asghar, Nabi, Rashid star in Afghanistan's big ODI win

Asghar, Nabi, Rashid star in Afghanistan's big ODI win

Gritty half-centuries from skipper Asghar Afghan, Mohammad Nabi and Rashid Khan set up Afghanistan's convincing 109-run win over Ireland in the fourth one-day international on Friday. Afghan, who made 54, and Nabi, who top-scored with 64, lifted Afghanist
Published 09 Mar, 2019 12:00am
Women's tennis chief open to transgender players

Women's tennis chief open to transgender players

The women's tennis tour would welcome transgender players, its chief executive told AFP on Friday, after Martina Navratilova caused a furore by branding trans athletes as cheats. Steve Simon, CEO of the Women's Tennis Association, said the tour's policy w
Published 09 Mar, 2019 12:00am
Sarfraz, top players rested as squad for Australia ODIs announced

Sarfraz, top players rested as squad for Australia ODIs announced

The Pakistan cricket selectors have named a 16-member squad for the five-match ODI series with Shoaib Malik has been named captain of the green shirts against world champions Australia. The series will start in Sharjah on March 22 and culminate in Dubai o
Published 09 Mar, 2019 12:00am
Oceania Football hit with another ban

Oceania Football hit with another ban

FIFA has slapped a three-month ban on a top Oceania Football Confederation official, undermining the scandal-hit organisation's insistence it has cleaned up its act. World football's governing body revealed Thursday that it had suspended OFC vice-presiden
Published 09 Mar, 2019 12:00am
Khawaja, bowlers help Australia outplay India in third ODI

Khawaja, bowlers help Australia outplay India in third ODI

Opener Usman Khawaja's maiden One-day international century and incisive bowling helped Australia outplay India by 32 runs to stay alive in the five-match series on Friday. Adam Zampa led the bowling charge with three wickets including the prized scalp of
Published 09 Mar, 2019 12:00am
Aqeel wins KP Open Tennis title

Aqeel wins KP Open Tennis title

The 19th times national champion of Pakistan Davis Cup, Aqeel Khan clinched the trophy after defeating his young rival Barkat Ullah in the final of the men singles of the Khyber Pakhtunkhwa Open Tennis Championship played here at Synthetic Courts on Frida
Published 09 Mar, 2019 12:00am
Euro nears 21-month low in Asia
Currency

Euro nears 21-month low in Asia

The euro wallowed close to a 21-month low against the dollar on Friday, hurt by a series of dovish signals from the European Central Bank, and the currency market braced for further volatility ahead of US jobs data later in the day.
Published 09 Mar, 2019 12:00am
Swedish crown plunges, dollar gains in Europe

Swedish crown plunges, dollar gains in Europe

The crown fell to a 16-year low on Friday as the Swedish central bank joined its counterparts in Europe and Canada in adopting a cautious outlook. The euro nursed losses at a 20-month low.
Published 09 Mar, 2019 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 08, 2019).

Published 09 Mar, 2019 12:00am
Euro craters to mid-2017 lows in New York
Currency

Euro craters to mid-2017 lows in New York

The euro tumbled on Thursday to its lowest against the dollar since June 2017 after the European Central Bank postponed the timing of its first post-crisis rate hike to 2020 at the earliest and launched a new round of cheap loans to banks.
Published 09 Mar, 2019 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 08, 2019).
Published 09 Mar, 2019 12:00am
Aussie clings to support at 70 US cents
Currency

Aussie clings to support at 70 US cents

The Australian dollar held near crucial chart support of 70 US cents on Friday, on track to fall for a third straight week due to clouds over the outlook for both global and domestic growth, the New Zealand dollar paused after three days of decline.
Published 09 Mar, 2019 12:00am
Emerging Asian units sink

Emerging Asian units sink

Emerging market currencies across Asia fell on Friday after poor China February trade data added to worries about the state of the global economy already increased by the European Central Bank's dovish signals. The biggest regional loser was the Indonesia
Published 09 Mar, 2019 12:00am
Australia suspends two cryptocurrency exchanges
Currency

Australia suspends two cryptocurrency exchanges

Australia's anti-money laundering watchdog said on Friday it had suspended licences of two cryptocurrency exchanges after a police investigation found the businesses were being exploited for drug trafficking.
Published 09 Mar, 2019 12:00am
Sterling skids in volatile session
Currency

Sterling skids in volatile session

Sterling fell on Friday in a volatile session as British Prime Minister Theresa May urged the European Union to make "just one more push" to break the deadlock over Brexit by offering her changes to a deal.
Published 09 Mar, 2019 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 (March 08, 2019).

Published 09 Mar, 2019 12:00am
Strike, protests as Spain marks Women's Day

Strike, protests as Spain marks Women's Day

For the second year running, Spanish women went on strike for International Women's Day, with several protests demanding equality on Friday in what has become a hot topic ahead of next month's election.
Published 09 Mar, 2019 12:00am
China backs Huawei in US legal fight

China backs Huawei in US legal fight

China threw its weight behind Huawei's legal battle against the United States on Friday, vowing to take all necessary measures to defend the "legitimate rights" of Chinese companies and individuals.
Published 09 Mar, 2019 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 (March 08, 2019).

Published 09 Mar, 2019 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 09 Mar, 2019 12:00am
Trump brands Democrats as 'anti-Jewish' party

Trump brands Democrats as 'anti-Jewish' party

US President Donald Trump blasted Democrats as "anti-Israel" and "anti-Jewish" Friday after they passed a congressional measure opposing hate speech in general instead of specifically condemning alleged anti-Semitic comments by a Muslim congresswoman.
Published 09 Mar, 2019 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Mar, 2019 12:00am
Chelsea Manning jailed

Chelsea Manning jailed

Chelsea Manning, who spent more than three years in prison for leaking US military secrets to WikiLeaks, was jailed again Friday for refusing to testify in a grand jury investigation targeting the anti-secrecy group.
Published 09 Mar, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 Mar, 2019 12:00am
EU makes counter-offer as Brexit pressure rises

EU makes counter-offer as Brexit pressure rises

The EU's chief Brexit negotiator Michel Barnier on Friday proposed that Britain could leave the bloc's customs union after the divorce though the offer would not include Northern Ireland which will anger London.
Published 09 Mar, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 Mar, 2019 12:00am
Israeli fire kills Palestinian in border clashes

Israeli fire kills Palestinian in border clashes

A Palestinian was killed and more than 40 others wounded by Israeli fire Friday in renewed protests and clashes along the Gaza border, the enclave's health ministry said. Tamer Arafat, 23, died from his wounds after being shot in the head, ministry spokes
Published 09 Mar, 2019 12:00am
Cotton down on dollar strength, weak export sales data
Cotton

Cotton down on dollar strength, weak export sales data

ICE cotton futures slipped more than 1 percent to a near one-week low on Thursday, hit by a stronger dollar and weak US export sales data. The most active cotton contract on ICE Futures US, the May contract, settled down 1.1 cents, or 1.48 percent, at 73.
Published 09 Mar, 2019 12:00am