News Archives for Print - 2019-03-19

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 19 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 19 Mar, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 19 Mar, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 19 Mar, 2019 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 19 Mar, 2019 12:00am

US natgas output, demand seen rising to record highs

US dry natural gas production will rise to an all-time high of 90.73 billion cubic feet per day (bcfd) in 2019 from a record high of 83.35 bcfd in 2018, according to the Energy Information Administration's Short Term Energy Outlook (STEO) on Tuesday. The

Published 19 Mar, 2019 12:00am

Canadian canola futures higher

ICE Canadian canola futures were higher on Friday as short-covering and bargain buying lifted prices in the technically oversold market ahead of the weekend, traders said. Commodity funds hold a large short position in canola, leaving the market vulnerabl

Published 19 Mar, 2019 12:00am

CBOT wheat futures rise

US wheat futures rose on Friday on a round of short-covering ahead of the weekend, traders said. Investment funds were unwinding the massive bearish bet they had placed on wheat as the US crop emerges from dormancy, which leaves it vulnerable to damage. C

Published 19 Mar, 2019 12:00am

CBOT soyabean futures firmer on technical buying

Chicago Board of Trade soyabean futures firmed on Friday on a technical bounce. Strength in the cash market lent additional support to soya futures. Buying accelerated after the benchmark CBOT May soyabean futures contract broke through technical resistan

Published 19 Mar, 2019 12:00am

China's iron ore futures rise to two-week high

Iron ore prices in China rose on Friday, with the benchmark futures contract extending a modest rally to close at the highest in two weeks, after some steel mills were reportedly allowed to resume sintering operations. But steel futures dropped further, w

Published 19 Mar, 2019 12:00am

Falling gold prices attracts Indian buyers

Physical gold demand improved this week in India as a correction in local prices attracted buyers, particularly with the wedding season underway, while premiums in China rose on steady buying in the world's leading consumer. Gold futures in India fell to

Published 19 Mar, 2019 12:00am

Currency

Indian rice export prices up on strong rupee

Rice export rates in India rose this week due to an appreciation in the rupee, even as demand remained moderate, while Thai traders struggled with a lack of interest from foreign markets due to high prices. India's 5 percent broken parboiled variety rose

Published 19 Mar, 2019 12:00am

Cotton

Cotton prices firm on slow business

Rates maintained firm posture on the cotton market on Monday in the process of slow business, dealers said. The official spot rate unchanged at Rs 8,700, they added. In the ready session, approximately, 1200 bales of cotton (seed quality) from Mianwali fi

Published 19 Mar, 2019 12:00am

CBOT corn futures up

Chicago Board of Trade corn futures ended higher for the fourth day in a row on Friday, the longest streak of positive closes since September. Traders said concerns about planting delays in the US Midwest provided support to the corn market. Gains were li

Published 19 Mar, 2019 12:00am

Brazil's 2019-20 center-south cane crop likely to increase

Brazil's 2019-20 center-south cane crop that starts in April will likely exceed the current season's, the first increase from one crop to another since 2015-16, according to data from consultancy Agroconsult released on Thursday.

Published 19 Mar, 2019 12:00am

Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,720. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.200 billion and the number of lots traded 8,933. Major business was contributed by NSDQ100 amount

Published 19 Mar, 2019 12:00am

Trade war cuts US LNG exports to China

Only one liquefied natural gas (LNG) vessel that left the United States in 2019 went to China, Reuters shipping data show, as the eight-month trade war between the two nations starts to cool. The governments of the world's two largest economies have been

Published 19 Mar, 2019 12:00am

Taiwan buys 65,000 tonnes of corn

Taiwan's feed industry procurement association MFIG purchased about 65,000 tonnes of corn expected to be sourced from Argentina in an international tender on Wednesday, continuing brisk buying by Asian importers after prices fell, European traders said. T

Published 19 Mar, 2019 12:00am

Euronext wheat futures extend gains

Front-month wheat futures on Euronext extended gains on Friday to a two-week high, bolstered by brisk export activity in France, while new-crop prices eased amid favourable harvest prospects. A firm trend in Chicago, where wheat has been rebounding from a

Published 19 Mar, 2019 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 196,817 tonnes of cargo comprising 155,864 tonnes of import cargo and 40,953 tonnes of export cargo including 4,190 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 15

Published 19 Mar, 2019 12:00am

Asia's naphtha hits 2-1/2 month high

Asia's naphtha crack ended the week at a 2-1/2 month high of $57.55 a tonne as demand from petrochemical makers provided support. South Korea's Hanwha Total bought three cargoes totalling an average of 75,000 tonnes for second-half April arrival at Daesan

Published 19 Mar, 2019 12:00am

Vietnamese coffee prices fall as drought continues

Vietnam coffee prices fell this week amid weakness in global robusta, as local farmers continued to face water shortage, while Indonesia witnessed supply build up and muted trade. Drought has hit 300 hectares of crops, mostly coffee trees, in Dak Lak prov

Published 19 Mar, 2019 12:00am

Saudi index at near 4-year high as it joins FTSE Russell index

Saudi Arabia's benchmark stock index closed at its highest in nearly four years on Monday as bank shares rose on its first day as a member of FTSE Russell's emerging-market index, which is expected to attract billions in passive fund inflows.

Published 19 Mar, 2019 12:00am

Indian shares move up

Indian shares rose for a sixth straight session on Monday, as strong foreign fund inflows and expectation of the current coalition government returning to power after the general election starting next month boosted investor confidence.

Published 19 Mar, 2019 12:00am

Tokyo stocks advance

Tokyo stocks closed higher on Monday thanks to optimism over US-China trade talks, with investors eyeing the US Federal Reserve's meeting later this week. The Nikkei 225 index added 0.62 percent, or 133.65 points, to 21,584.50, while the broader Topix ind

Published 19 Mar, 2019 12:00am

Monday's early afternoon trade: Wall Street treads water as Boeing, Facebook weigh; Fed meeting on tap

US stocks flitted between gains and losses on Monday, with losses in Boeing and Facebook limiting gains while investors waited for the Federal Reserve's policy meeting later this week for further clues on the pace of interest rate hikes. The Fed's two-day

Published 19 Mar, 2019 12:00am

Southeast Asia stocks up as Fed seen accommodative

Most Southeast Asian stock markets rose on Monday, with Philippines leading the pack, as hopes of the US Federal Reserve maintaining a dovish stance at a policy meeting on Wednesday buoyed risk appetite. With growth due to slow over the next three years a

Published 19 Mar, 2019 12:00am

Sri Lankan shares little changed

Sri Lanka's share index ended little changed on Monday, hovering near its 5-1/2-year low, as investors awaited direction from the third and final vote on the 2019 budget, market sources said. The Colombo Stock Exchange index fell 0.02 percent to 5,614.98,

Published 19 Mar, 2019 12:00am

China stocks near 6-1/2 months high

China's major stock indexes closed near their 6-1/2-month highs on Monday, as sentiment was bolstered by high expectations of the US Federal Reserve taking a dovish stance at its policy meeting this week and Beijing's policy boost for growth.

Published 19 Mar, 2019 12:00am

Deutsche merger move takes European stocks rally to fourth day

European stocks rose for the fourth session in a row on Monday as a flurry of dealmaking, including merger talks between Deutsche Bank and Commerzbank , spurred gains in the financial services sector. Shares in the two German lenders rose between 4 percen

Published 19 Mar, 2019 12:00am

Hong Kong stocks surge

Hong Kong stocks tracked the mainland Chinese markets higher on Monday and closed at a nine-month peak, buoyed by expectations of the US Federal Reserve taking a dovish stance at its policy meeting this week and Beijing rolling out more policy measures to

Published 19 Mar, 2019 12:00am

Australian, New Zealand shares rise

Australian shares rose on Monday, as mining stocks tracked gains in iron ore prices after Brazil's Vale SA said it would cut output, although broader gains were capped by a lacklustre performance in the financial sector. Asian stocks also rose, fuelled by

Published 19 Mar, 2019 12:00am

FTSE 100 climbs as pound drops amid Brexit chaos

London's exporter-heavy FTSE 100 surged to a five-month high on the back of a drop in sterling after Britain's parliament speaker struck a fresh blow to Theresa May's EU divorce deal, while a rally in miners and oil stocks also lent support.

Published 19 Mar, 2019 12:00am

Sri Lanka accuses Singapore of sheltering suspect in trading scam

Sri Lankan President Maithripala Sirisena accused Singapore Monday of sheltering one of his country's former central bank chiefs wanted in connection with a high-profile $74 million insider trading scam.

Published 19 Mar, 2019 12:00am

Japan's exports decline for third straight month

Japanese exports declined for the third straight month in February while imports also fell, according to government data Monday, indicating a possible slowdown in the world's third biggest economy.

Published 19 Mar, 2019 12:00am

Xi to visit Italy, France as Rome joins 'new Silk Road'

Chinese President Xi Jinping will travel to Italy, Monaco and France this week, the foreign ministry said Monday, with Rome expected to join his global trade infrastructure programme despite reservations in other European countries.

Published 19 Mar, 2019 12:00am

China hits out at 'abnormal, immoral' attacks on Huawei

China's foreign minister lashed out Monday at "abnormal, immoral" attacks on Huawei amid growing concern, led by the US, that the telecom giant poses a security risk to the West.

Published 19 Mar, 2019 12:00am

US fintech giant FIS acquires payment firm Worldpay

US financial technology giant FIS will acquire British payment processing company Worldpay for an estimated $43 billion (38 billion euros), the two firms said Monday, creating an international payments powerhouse.

Published 19 Mar, 2019 12:00am

UK to launch 'early warning' indicators for next economic shock

Britain will launch a new set of early warning indicators aimed at spotting the next big economic downturn more quickly, based on the volume of road traffic, businesses' value-added tax returns and how long ships spend in port.

Published 19 Mar, 2019 12:00am

Malaysia summons two Goldman Sachs units linked to 1MDB scandal

Malaysian prosecutors said Monday they will summon Goldman Sachs units in London and Hong Kong to appear at a June hearing of a case linked to corruption in state investment fund 1MDB.

Published 19 Mar, 2019 12:00am

Ambani pays debt after court threatened jail

Indian tycoon Anil Ambani has settled a multi-million debt with Sweden's Ericsson, the company said Monday, after judges threatened the billionaire with jail if he did not pay his dues. The Supreme Court in February found that Ambani, 59, had refused to p

Published 19 Mar, 2019 12:00am

Counterfeit and pirated goods represent 3.3 percent of global trade

Global sales of counterfeit and pirated goods have soared to 460 billion euros ($522 billion) a year, amounting to a whopping 3.3 percent of world trade, according to a report published Monday. The latest assessement by the EU Intellectual Property Office

Published 19 Mar, 2019 12:00am

EU trade surplus with US expands, deficit with China up

The European Union's trade surplus with the United States and its deficit with China both increased in January, serving as potential fuel for trade conflicts between the world's largest economies.

Published 19 Mar, 2019 12:00am

Afghanistan post first-ever Test victory

Afghanistan claimed their first-ever victory in Test cricket Monday, beating fellow newcomers Ireland in what captain Asghar Afghan hailed as a historic day for the war-torn country. Afghanistan and Ireland both achieved full member status of the Internat

Published 19 Mar, 2019 12:00am

PSL success boosts Pakistan's cricket revival

All future Pakistan Super League matches could be played on home soil after the last eight games of the 2019 tournament went off without a hitch in Karachi, boosting hopes of attracting more international teams, said the country's cricket chief at Sunday'

Published 19 Mar, 2019 12:00am

AB de Villiers named skipper Lahore Qalandars

AB de Villiers of Lahore Qalandars has been named as captain of Team of HBL PSL 2019. De Villiers who showed his talent in seven matches, in which he aggregated 218 runs at a stunning average of 54.5 with an incredible strike-rate of 129, was selected by

Published 19 Mar, 2019 12:00am

Punjab CM congrats nation

Congratulating the nation on the successful holding of PSL-IV, the Punjab Chief Minister Sardar Usman Buzdar has expressed the hope that sports activities will be restored in stadiums now. In a message, he said that peaceful Pakistan has won while the ene

Published 19 Mar, 2019 12:00am

Mani terms HBL PSL 2019 as 'resilient', thanks Stakeholders

Chairman Pakistan Cricket Board (PCB) Ehsan Mani has said PCB was planning to organize 5th edition of Pakistan Super League in four cities - Multan, Rawalpindi, Karachi and Lahore. "On the assurance of DG ISPR Asif Ghafoor for the provision of all logisti

Published 19 Mar, 2019 12:00am

Shafi wins Mr KP Bodybuilding title

Mohammad Shafi of Peshawar clinched the title of the Mr. Khyber Pakhtunkhwa while Daud Khan grabbed the Mr. Junior Khyber Pakhtunkhwa title organized by District Government with the collaboration of Khyber Pakhtunkhwa Bodybuilding Association and Director

Published 19 Mar, 2019 12:00am

Thiem takes Indian Wells Masters title

Dominic Thiem denied Roger Federer a record sixth Indian Wells title, beating the Swiss great 3-6, 6-3, 7-5 on Sunday to claim his first ATP Masters 1000 crown. The 25-year-old Austrian, ranked eighth in the world, had fallen in two prior Masters finals,

Published 19 Mar, 2019 12:00am

Fantastic Messi hat-trick blows away Betis

Even the Real Betis fans were applauding by the end as Lionel Messi scored another spectacular hat-trick to fire Barcelona to a 4-1 victory on Sunday and leave them with one hand on the La Liga trophy. Messi's treble, his second in a month in Seville, fou

Published 19 Mar, 2019 12:00am

Currency

South Africa's rand weakens

South Africa's rand weakened on Monday after power utility Eskom said it would carry out more power cuts this week as it struggles with capacity shortages, weighing on investor sentiment. At 1504 GMT, the rand traded at 14.4475 per dollar, 0.4 percent wea

Published 19 Mar, 2019 12:00am

Dollar on back foot in Asian trade

The dollar licked its wounds on Monday after soft US data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain's exit from the European Union.

Published 19 Mar, 2019 12:00am

Early trade in New York: Dollar sluggish; commodity-linked currencies stage recovery

The US dollar slipped against the euro and was sluggish against most major currencies on Monday, as caution about the American economy and expectations for an accommodative Federal Reserve kept the greenback subdued. The euro was 0.16 percent higher at $1

Published 19 Mar, 2019 12:00am

Currency

Aussie leads recovery against US dollar in Europe

The Australian dollar hit a two-week high and led a recovery against the US currency on Monday as caution about the US economy and expectations for an accommodative Federal Reserve meeting this week kept the greenback on the back foot.

Published 19 Mar, 2019 12:00am

Currency

Egyptian pound appreciates to highest in over two years

The Egyptian pound strengthened on Sunday to its highest in over two years, boosted by an increase in foreign funds into the country. The currency was trading at 17.34 to the dollar on Sunday, up more than three percent from 17.86 on Jan. 22 when it began

Published 19 Mar, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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