News Archives for Print - 2019-05-14

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 14 May, 2019 12:00am

Exchange

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 14 May, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 14 May, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 14 May, 2019 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 14 May, 2019 12:00am

Message from GM Marketing and Country Head Qatar, Happilac Paints

'Happilac is a premium paint manufacturer from Pakistan. Happilac Paints is always on the lookout for overseas markets. Our phenomenal success in Afghanistan, Tajikistan and other Central Asian states, made Qatar a natural destination for us, where we hav

Published 14 May, 2019 12:00am

Message from Director Sales & Marketing, Happilac Paints

'Happilac Paints has an unshakeable commitment with spreading its 'Colors of Happiness'. These are our 'Colors of Happiness' which define us and our way of doing business, at home and abroad. For the last one year, we have been successfully spreading 'Col

Published 14 May, 2019 12:00am

Spreaing Colors of Happiness in Qatar

Happilac Paints, one of the leading paint manufacturing brands of Pakistan introduced by KARSS Paint Industries Pvt. Ltd. In 1978, offers a comprehensive range of Architectural, Texture, Industrial and Road Marking Paints. As a renowned brand, Happilac Pa

Published 14 May, 2019 12:00am

Asia's naphtha falls to three-month low

Asia's naphtha crack ended the week at a three-month low of $37.55 a tonne, under pressure from plentiful supplies. The weak fundamentals flipped premiums in South Korea into discounts for the first time since December. YNCC bought a cargo for second-half

Published 14 May, 2019 12:00am

Canadian canola futures fall

ICE Canadian canola futures eased on Friday, weighed down by a jump in the Canadian dollar and a US government report that pointed to huge grain and oilseed supplies. The US Department of Agriculture on Friday forecast bigger-than-expected domestic suppli

Published 14 May, 2019 12:00am

CBOT wheat tumbles to near 16-month low

Chicago Board of Trade wheat futures fell on Friday, pressured by bearish data in a monthly US Department of Agriculture supply/demand report and spillover weakness from corn, traders said. CBOT July soft red winter wheat settled down 4-3/4 cents at $4.24

Published 14 May, 2019 12:00am

China expects soyabean output to hit highest in 14 years

China expects its soyabean output to hit the highest level in 14 years in 2019/20, boosted by a plan to revitalise the nation's production of the oilseed. The country will churn out 17.27 million tonnes of soyabeans in the 2019/20 crop year, up 7.9% from

Published 14 May, 2019 12:00am

CBOT soyabean futures hit to decade low

Chicago Board of Trade soyabean futures hit a decade low on Friday, pressured by bearish data in a monthly US Department of Agriculture (USDA) supply/demand report and uncertainty about prospects for a trade deal with China, traders said. CBOT July soyabe

Published 14 May, 2019 12:00am

China to tighten steel capacity swapping

China will tighten approvals of steel capacity swapping between companies and ban all new steel capacity in any form, the country's economic planner said on Thursday, in order to streamline the sector. The announcement follows illegal capacity expansions

Published 14 May, 2019 12:00am

Currency

Indian rice prices fall; Vietnam eyes China, Egypt deals

Rice export prices in top exporter India fell for a fifth consecutive week on low demand and domestic currency weakness, while traders in Vietnam looked for prospective deals from China and Egypt. India's 5 percent broken parboiled variety was quoted arou

Published 14 May, 2019 12:00am

Cotton

Cotton spot rates fall on subdued business

The official spot rates dropped modestly on the cotton market amid subdued business activity, dealers said. The official spot rate shed more Rs 50 to Rs 8700, they added. In the ready session, about 2344 bales of cotton changed hands between Rs 7500-8800,

Published 14 May, 2019 12:00am

Exchange

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,742. The traded value of Metals, Energy and COTS/FX was recorded at PKR 20.914billion and the number of lots traded 21,177. Major business was contributed by NSDQ100 amoun

Published 14 May, 2019 12:00am

Ivorian cocoa farmers hope for more rain to boost mid-crop

Ivory Coast's cocoa mid-crop could be reduced in quality and length if abundant rain fails to arrive this month, farmers said on Monday, as cocoa regions continue to experience atypically dry weather. The rainy season in the world's top cocoa producer has

Published 14 May, 2019 12:00am

Brazil mills produce 38 percent less sugar

Mills in Brazil's main center-south cane-producing region produced 38 percent less sugar in April, the first month of the new crop year, compared to the same month a year ago, industry group Unica said on Friday. The industry group reported figures for th

Published 14 May, 2019 12:00am

CBOT corn falls to contract lows

Chicago Board of Trade (CBOT) corn futures ended lower on Friday after the US Department of Agriculture's (USDA) forecast of US corn stockpiles left at the end of the 2019-20 marketing year was larger than expected, traders said. CBOT July corn settled do

Published 14 May, 2019 12:00am

China's April copper imports rise

China's unwrought copper imports rose 3.6 percent in April from the previous month, according to data released by the General Administration of Customs on Wednesday, as demand gathered momentum at the start of the peak-consumption second quarter. Imports

Published 14 May, 2019 12:00am

South Korea tenders to buy feed wheat

South Korea's largest feedmaker Nonghyup Feed Inc (NOFI) has issued an international tender to purchase about 65,000 tonnes of feed wheat to be sourced from optional origins, European traders said on Friday. The tender deadline is also Friday May 10, with

Published 14 May, 2019 12:00am

Gold demand jumps in India due to key festival

Gold demand jumped this week in India due to increased retail purchases for a key festival and weddings on price corrections, while premiums in China eased as buying slowed in the world's top consumer. Gold futures in India fell to 31,240 rupees per 10 gr

Published 14 May, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 231,728 tonnes of cargo comprising 150,877 tonnes of import cargo and 80,851 tonnes of export cargo including 3,490 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 15

Published 14 May, 2019 12:00am

Exchange

China's steel ticks up on hope of US-China trade deal

China's construction rebar futures drifted higher on Friday, following a broader rally across assets, as investors hoped that the US and China get closer to a trade deal. However, the futures still marked for the weakest week in three months. Top US and C

Published 14 May, 2019 12:00am

Vietnam coffee prices hit six-year low, Indonesian premiums rise

Vietnam's domestic coffee prices fell to the lowest level in six years on Thursday following a decline on the ICE, while Indonesian premiums to July contract widened further to compensate for the global drop. Farmers in the Central Highlands, Vietnam's la

Published 14 May, 2019 12:00am

Currency

China stocks fall, yuan at four-month low

China's main equity indexes finished lower on Monday and the yuan weakened to a four-month low as investors' hopes for a deal to end an escalating trade war between the United States and China were dashed by signs of a stalemate in trade negotiations. The

Published 14 May, 2019 12:00am

Monday's early trade: Wall Street rout worsens as China hits back on trade

US stock markets fell more than 2% on Monday after China announced retaliatory tariffs on US goods, heightening fears of a full-blown trade war between the world's two largest economies that could cripple global economic growth. At the heart of the sellof

Published 14 May, 2019 12:00am

Indian shares down

Indian shares closed weaker for a ninth straight session on Monday, dragged by financial and pharmaceutical stocks, as concerns over the country's non-banking finance sector (NBFC) coupled with global slowdown worries whacked investor sentiment. NBFC sect

Published 14 May, 2019 12:00am

Trade tensions, tanker attacks darken mood in Gulf markets

Dubai and Abu Dhabi stock markets suffered their biggest single-day decline in years on Monday after several commercial ships were attacked off the coast of the United Arab Emirates. Saudi shares had their worst day since mid-October after Riyadh said two

Published 14 May, 2019 12:00am

Tokyo shares lower as trade fears linger

Tokyo stocks closed lower on Monday, with investors wary about renewed trade tensions between the United States and China after talks failed to achieve a deal. The benchmark Nikkei 225 index lost 0.72 percent or 153.64 points to end at 21,191.28, while th

Published 14 May, 2019 12:00am

Most Southeast Asian stocks weaken

Most Southeast Asian stock markets closed lower on Monday, as investors took a cautious stance fearing flare-up in the Sino-US trade negotiations, while anxiety over a possible retaliation by Beijing kept sentiment fragile. Until last week, there were exp

Published 14 May, 2019 12:00am

European stocks drop as China ups stakes in trade war with US

European stocks continued their decline on Monday, on the heels of this year's biggest weekly loss, as an escalation in the US-China trade war battered sentiment and prompted investors to shift into safer bets. China said it would impose higher tariffs on

Published 14 May, 2019 12:00am

Australian shares lower; New Zealand gains

Australian shares ended lower on Monday, as disappointing earnings from the country's biggest bank weighed on financials, although losses were offset by gains in healthcare and gold stocks. The S&P/ASX 200 index closed down 0.2%, or 13.30 points, at 6,297

Published 14 May, 2019 12:00am

FTSE falls as trade dispute escalates, investors disconnect from Vodafone

Britain's FTSE 100 slipped to a seven-week low as China slapped retaliatory tariffs on US goods, further escalating their protracted trade dispute, and as telecom giant Vodafone slipped after a report of a dividend cut. The FTSE 100 ended down 0.6% while

Published 14 May, 2019 12:00am

Secretive British billionaire Barclay sues over French play

A court in northern France on Monday began hearing a case brought by one of Britain's secretive Barclay brothers, who own The Daily Telegraph and the Ritz Hotel, claiming he was defamed in a play by a French writer. David Barclay, who shares along with hi

Published 14 May, 2019 12:00am

Toshiba net profit up on chip business sale

Struggling Japanese engineering firm Toshiba on Monday reported improved full-year net profit thanks to the sale of its chip business, but said operating profit was sharply down. In the year that ended March, Toshiba's net profit jumped 26.0 percent to 1.

Published 14 May, 2019 12:00am

Toshiba net profit up on chip business sale

Published 14 May, 2019 12:00am

Zimbabwe rations power as economic woes mount

Zimbabwe on Monday introduced electricity power cuts for several hours a day as low water levels at its hydro-power station and ageing equipment deepened the country's economic struggles. Load-shedding will be imposed between 5 and 10 am and between 5 and

Published 14 May, 2019 12:00am

Amazon offers employees $10,000 to quit, launch delivery business

Amazon announced Monday it was offering employees $10,000 to quit their jobs and become independent package delivery entrepreneurs as the online giant ramps up efforts to control its own logistics. An Amazon statement said the latest incentive would also

Published 14 May, 2019 12:00am

Croatia court puts biggest shipyard in bankruptcy

Croatia's largest and oldest shipyard was placed in bankruptcy by a court on Monday after a long-running debt crisis, state news agency Hina reported. The dock in Pula, which lies on Croatia's northern Adriatic coast, is one of two yards owned by the trou

Published 14 May, 2019 12:00am

End seen in EssilorLuxottica power struggle

A power struggle at the top of the world's largest eyewear-maker EssilorLuxottica that has plunged the recently merged group into crisis has been resolved, the company said Monday. French lens-manufacturer Essilor and Italy's Luxottica, which produces Ray

Published 14 May, 2019 12:00am

EU warns Turkey against 'illegal' Cyprus drilling

The EU on Monday warned Turkey not to press ahead with exploratory drilling for oil and gas off Cyprus, calling the plan illegal and vowing to "respond appropriately". The bloc's diplomatic chief Federica Mogherini said all 28 EU foreign ministers had rec

Published 14 May, 2019 12:00am

Test flights begin at Beijing's new mega-airport

Chinese airlines conducted test flights on Monday at a new mega-airport in Beijing that is set to become one of the world's busiest after it opens later this year. The tests at Daxing International Airport - which will have eight runways - involved four w

Published 14 May, 2019 12:00am

EU fines AB InBev for overcharging Belgians for beer

The European Union on Monday slapped a fine of 200 million euros on AB InBev, the world's biggest brewer, for hindering cheaper beer imports into Belgium from the neighbouring Netherlands. In the Netherlands, AB InBev sells Jupiler, the most popular beer

Published 14 May, 2019 12:00am

China auto sales slump continues in April

China car sales fell 14.6 percent in April, an official industry association said on Monday, extending a slump in a massive auto market that has long been a cash cow for the industry. Sales fell to 1.98 million last month, according to figures from the Ch

Published 14 May, 2019 12:00am

New Air France boss proposes first job cuts

The new chief executive of Air France has proposed the first job cuts for the strike-prone airline since taking over eight months ago, with up to 465 voluntary redundancies announced on Monday. The cuts have been earmarked for its short-haul business in F

Published 14 May, 2019 12:00am

Top US court allows consumer lawsuit on Apple app store monopoly

The US Supreme Court ruled Monday that a consumer lawsuit accusing Apple of illegally monopolizing the company's App Store may proceed, opening a new avenue of antitrust litigation against the iPhone maker. In a 5-4 ruling, the justices rejected Apple's a

Published 14 May, 2019 12:00am

South Africa to appeal against Semenya testosterone ruling

South Africa on Monday said it would lodge an appeal after Olympic champion Caster Semenya lost her case challenging new rules forcing female athletes to regulate their testosterone levels. Semenya's case has provoked a furious debate across sport worldwi

Published 14 May, 2019 12:00am

Serena eases to victory in Rome return

Serena Williams made a winning return from injury beating Swedish qualifier Rebecca Petersen 6-4, 6-2 to advance to the second round of the Italian Open clay-court tournament on Monday. Williams, 37, has not played since a hard-fought three-set win over P

Published 14 May, 2019 12:00am

Bumrah best bowler in the world, says Tendulkar

Indian cricket great Sachin Tendulkar on Monday hailed Jasprit Bumrah as the "best bowler in the world" after the Mumbai Indians paceman played a key role in his team's fourth Indian Premier League title win. The 25-year-old took 2-14 in Sunday's IPL fina

Published 14 May, 2019 12:00am

Seventh Corporate T20 Cup: KE dominant against Momin Seeds

K-Electric (KE) defeated Momin Seeds by nine wickets in their first match of the 7th Corporate T20 Cup, held at Moin Khan Academy, Karachi. Pursuing a target of 134, KE's Khurram Manzoor scored 84 runs of 40 balls; he was well supported by Umair Yousuf wh

Published 14 May, 2019 12:00am

Drinkwater slapped with long ban for drink driving

Out-of-favour Chelsea midfielder Danny Drinkwater has been banned from driving for 20 months after admitting to drink driving. The 29-year-old - capped three times by England on the back of his pivotal role in Leicester's fairytale 2016 title victory - wa

Published 14 May, 2019 12:00am

More Chinese marathon woe as race leader taken down wrong route

China has banned an official for one year after the leading runner at a marathon was directed the wrong way near the finish, in the latest incident to taint the sport in the country.

Published 14 May, 2019 12:00am

KP approves sports projects worth 1.5 billion for merged districts

The provincial government of Khyber Pakhtunkhwa has approved record sports projects worth Rs.1.5billion for up-gradation, rehabilitation and construction of new sports infrastructure for neglected youth of the merged districts of the erstwhile FATA.

Published 14 May, 2019 12:00am

PDCA demands hands over of Peshawar Gymkhana Ground to PCB

Peshawar District Cricket Association (PDCA) has expressed resentment over digging up pitch of Peshawar Gymkhana Cricket ground by town-I administration and demanded the Gymkhana ground should be handed over to Pakistan Cricket Board (PCB) to provide bett

Published 14 May, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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