News Archives for Print - 2019-05-24

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 24 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 24 May, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 24 May, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 24 May, 2019 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 24 May, 2019 12:00am

Exchange

Oil price fall weighs on Saudi index, blue chips gain in Egypt

Saudi Arabia's stock market fell sharply on Thursday as banks and petrochemical shares dropped amid falling oil prices, while Egypt's blue-chip index closed higher. Saudi's index dropped 1.4% with 10 of its 11 banks trading lower. Al Rajhi Bank shed 1.7%

Published 24 May, 2019 12:00am

Tokyo shares down

Tokyo shares closed lower on Thursday with key high-tech shares hit as US-China trade and tech disputes intensified. The benchmark Nikkei 225 index fell 0.62 percent, or 132.23 points, to 21,151.14, while the broader Topix index slipped 0.36 percent, or 5

Published 24 May, 2019 12:00am

Wednesday's early afternoon trade: Indexes slump 2 percent

US stock indexes slumped 2 percent on Thursday, as investors dumped technology, industrial and energy stocks on fears that a spiraling trade war between the United States and China would shackle global growth. Technology, among sectors most exposed to Chi

Published 24 May, 2019 12:00am

Exchange

Wall Street down on renewed US-China trade tensions

Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. A day after Washington's temporary easing of curbs against Huawei Technology Co Ltd provided respite to US stocks

Published 24 May, 2019 12:00am

Treasury yields sink

US Treasury yields fell on Wednesday, pressured by worsening trade tensions between the United States and China after a media report said the Trump government is considering limits to Chinese video surveillance firm Hikvision's ability to buy American tec

Published 24 May, 2019 12:00am

Treasury yields sink

Published 24 May, 2019 12:00am

Australian shares down; New Zealand at new peak

Australian shares ended lower on Thursday, ending six straight sessions of gains, as global stocks slipped on concerns U.S-China trade frictions were spilling into the technology sector. The S&P/ASX 200 index fell 0.3% or 18.90 points to 6,491.80. The ben

Published 24 May, 2019 12:00am

Exchange

Indian stocks hit record highs on Modi lead

Indian stocks jumped to record highs Thursday as early results in the world's biggest election showed Prime Minister Narendra Modi on course for a second term.

Published 24 May, 2019 12:00am

China's blue-chip index falls to three-month low

China's blue-chip stock index dropped to a three-month closing low on Thursday, as investors dumped technology shares amid worries a growing number of Chinese firms in the hi-tech sector could bear the brunt of an escalating trade war with the United Stat

Published 24 May, 2019 12:00am

Currency

Cocktail of trade worries, poor data, Brexit hit European shares

European shares sank on Thursday as the latest round of US-China trade friction and a soft set of business surveys sapped investors' risk appetite, while pressure on British Prime Minister Theresa to quit added to Brexit concerns.

Published 24 May, 2019 12:00am

Most Southeast Asian stocks fall on tech war fears

Most Southeast Asian stock markets closed lower on Thursday as an intensifying battle over technology added to the simmering trade tensions between the United States and China.

Published 24 May, 2019 12:00am

Turmoil over future of May, Brexit bruises British stocks

Heightened concerns over the course of Brexit and mounting pressure on Prime Minister Theresa May to step down weighed heavily on Britain's mid-cap index and domestically-focused blue-chip stocks on Thursday.

Published 24 May, 2019 12:00am

US home sales, manufacturing stumble; job market resilient

Sales of new US single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in economic growth was underway. But other data on T

Published 24 May, 2019 12:00am

German business confidence hits four-year low

Confidence among German business leaders was ground down to its lowest level in more than four years in May, a closely-watched survey showed Thursday, dampening the mood after tentative signs of spring optimism. The Munich-based Ifo institute said its con

Published 24 May, 2019 12:00am

Egypt, Cyprus in deal for power link to Europe

Egypt has signed a deal with a Cypriot firm to lay a 310-kilometre (195-mile) cable under the Mediterranean to export electricity to Europe, the company said on Thursday. Nicosia-based EuroAfrica described the deal, worth an estimated two billion euros, a

Published 24 May, 2019 12:00am

IMF warns US-China trade war will 'jeopardize' 2019 global growth

The IMF sounded the alarm on Thursday about the escalating US-China trade war, warning it will "jeopardize" 2019 global growth, undermine confidence and raise prices for consumers. Gita Gopinath, the International Monetary Fund's chief economist, directly

Published 24 May, 2019 12:00am

States face mounting calls to improve drug price transparency

Governments attending the World Health Organization's annual meeting faced mounting pressure on Thursday to adopt a resolution to improve drug price transparency, which has faced resistance from several key states. Nearly 50 civil society groups, led by t

Published 24 May, 2019 12:00am

US unveils $16 billion aid for farmers hurt by China trade war

The United States on Thursday unveiled a new $16 billion aid package to help farmers caught in the crossfire of President Donald Trump's trade war with China. Agriculture Secretary Sonny Perdue said the bulk of the funds will go to direct payments to farm

Published 24 May, 2019 12:00am

Huawei's own OS system may be ready this year

Chinese telecom giant Huawei says it could roll out its own operating system for smartphones and laptops in China by the autumn after the United States blacklisted the company, a report said Thursday. The international version of the system could be ready

Published 24 May, 2019 12:00am

US, China harden their stands on Huawei

The United States and China hardened their stances over Huawei Thursday as Washington brushed aside claims of "bullying" and accused the Chinese tech giant of misrepresenting its ties to the Beijing government. The world's top two economies stepped up the

Published 24 May, 2019 12:00am

Federer, Nadal threaten Djokovic bid for historic Slam

Novak Djokovic can become only the second man in history to have twice held all four Grand Slam titles at the same time with victory at the French Open. However, a returning Roger Federer and rejuvenated Rafael Nadal will once again stand in his way. Worl

Published 24 May, 2019 12:00am

Finch plays down Smith and Warner World Cup security concerns

Australia one-day captain Aaron Finch said everything had been put in place to protect disgraced pair Steve Smith and David Warner during the World Cup in England. Former skipper Smith and fellow star batsman Warner only returned to international duty ear

Published 24 May, 2019 12:00am

Kohli honoured to be World Cup target for 'X-factor' Archer

India captain Virat Kohli said on Thursday it was a "big compliment" to be a target wicket for England newcomer Jofra Archer at the upcoming World Cup. Barbados-born fast bowler Archer, who has impressed in the Indian Premier League, was included in Engla

Published 24 May, 2019 12:00am

Korean teenager beaten as holders crash out of Sudirman Cup

School girl An Se-Young's fairytale run came to an end as holders South Korea crashed out to Thailand in the quarter-finals of the Sudirman Cup on Thursday. Thailand will play hosts and hot favourites China in the last four of badminton's prestigious mixe

Published 24 May, 2019 12:00am

PCB signs two-year partnership with Shahid Afridi Foundation

Pakistan Cricket Board (PCB) Thursday extended the scope of its Corporate Social Responsibility (CSR) as it signed a two-year partnership with Shahid Afridi Foundation (SAF), one of the prestigious charity organisations set up by an ex-cricketer. This fol

Published 24 May, 2019 12:00am

South Korea scraps joint Olympic hockey team with North

South Korea are dropping their plan for a joint women's field hockey team with the North at the 2020 Tokyo Olympics, officials said Thursday, after Pyongyang failed to co-operate. Sporting ties triggered a rapid diplomatic thaw on and around the peninsula

Published 24 May, 2019 12:00am

FIFA drops plans for 48-team 2022 World Cup

FIFA shelved a proposed expansion of the 2022 World Cup in Qatar to 48 teams on Wednesday, dealing a blow to the world football body's president Gianni Infantino. The 2022 tournament in the Gulf state will now be played with 32 nations taking part. FIFA s

Published 24 May, 2019 12:00am

Al-Khelaifi charged in Qatar athletics graft probe

Paris Saint-Germain chief Nasser Al-Khelaifi was on Thursday charged with corruption in the bidding process for this year's world athletics championships in Doha, judicial sources said. Al-Khelaifi, who is also the boss of Qatari television channel BeIn S

Published 24 May, 2019 12:00am

Farooq Club in Ramazan Volleyball semis

The semi-finals line up was completed when Farooq Club Azakhail village, District Nowshera recorded victory against strong rival Sohrab Club Charsadda in the last quarter-final and moved to the semi-finals of the ongoing Ramazan Floodlight Volleyball Inte

Published 24 May, 2019 12:00am

Currency

Yen gains in Asia

The yen advanced broadly on Thursday as persistent US-China trade fears and Brexit concerns fanned risk aversion, lifting the safe-haven Japanese currency. The yen was 0.1% firmer at 110.200 to the dollar, having pulled back from a two-week low of 110.675

Published 24 May, 2019 12:00am

Currency

Dollar climbs in Europe

The dollar hit its highest level in a month as economic and political uncertainties swept through Europe and Asia, pinning down most major currencies like the euro and the yuan. Worries over German manufacturing, the impact of a deepening trade war on Asi

Published 24 May, 2019 12:00am

Currency

Early trade in New York: dollar hits two-year high, safe havens up

The dollar hit its highest level in two years and the yen rose half a percent on Thursday as economic and political uncertainties swept through Europe and Asia, pinning down the euro and the yuan. Worries over German manufacturing, the impact of a trade w

Published 24 May, 2019 12:00am

Exchange

Dollar stalls near one-month high in New York

The US dollar held near a one-month high on Wednesday after minutes from the May Federal Open Market Committee meeting showed officials agreed that their current patient approach to setting monetary policy could remain in place "for some time."

Published 24 May, 2019 12:00am

Currency

Turkish lira weakens again

Turkey's lira weakened on Thursday on concerns over troubled US ties due to Ankara's plan to buy a Russian S-400 missile defence system, and it failed to rebound when the government unveiled a $4.9-billion package for struggling importers.

Published 24 May, 2019 12:00am

Exchange

Asian forex: Indian rupee rallies

The Indian rupee gained as much as 0.4% on Thursday after early counting trends suggested a comfortable victory for Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition, setting the stage for his second term with a stronger mandate.

Published 24 May, 2019 12:00am

Currency

Sterling slips as pressure mounts on May to step down

Sterling weakened again on Thursday as pressure mounted on Prime Minister Theresa May to name a date for her departure after a backlash over her last-ditch plans for Britain's exit from the European Union. May's final attempt to get colleagues' backing fo

Published 24 May, 2019 12:00am

Currency

Sri Lankan rupee up

Sri Lankan ended 0.2 percent firmer at 176.30/45 per dollar, compared with Wednesday's close of 176.65/80, on exporter dollar sales, market sources said. Analysts, however, expect the currency to weaken as money flows out of stocks and government securiti

Published 24 May, 2019 12:00am

Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,897. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.372 billion and the number of lots traded 10,575.

Published 24 May, 2019 12:00am

Asia's naphtha intermonth spread turns negative

Asia's naphtha intermonth spread turned negative on Wednesday for the first time since December, in a sign that supplies are outpacing demand. Front-month first-half July price for benchmark open-specification naphtha was 50 cents lower than first-half Au

Published 24 May, 2019 12:00am

Brazil's 2019-20 coffee crop seen at 59.3 million bags: USDA attaché

The 2019-20 coffee crop in top-grower Brazil is expected to reach 59.3 million 60-kg bags, according to a report published by the US Department of Agriculture attache in Sao Paulo. While this forecast represents an 8.5% decline from the record-large 2018-

Published 24 May, 2019 12:00am

Exchange

EU wheat falls as US rally pauses

Paris wheat futures fell on Wednesday as a pause in a US rally deprived the European market of its recent driver while positive crop conditions across Europe also put pressure on prices. Front-month September milling wheat on the Paris-based Euronext exch

Published 24 May, 2019 12:00am

CBOT corn futures higher

Chicago Board of Trade (CBOT) corn futures closed higher for an eighth straight session on Wednesday on worries that rain-stalled US planting and soggy fields would reduce production this year. Corn gains were clipped by technical selling in the overbough

Published 24 May, 2019 12:00am

Exchange

China's iron ore hits record high

China's iron ore futures jumped to a new record high on Wednesday, fuelled by a persistently bullish outlook as steel mills look to source raw material after running down stocks. The most-traded iron ore futures on the Dalian Commodity Exchange climbed as

Published 24 May, 2019 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 101,565 tonnes of cargo comprising 69,685 tonnes of import cargo and 31,880 tonnes of export cargo including 6,380 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 6

Published 24 May, 2019 12:00am

Currency

Cotton market: prices gain momentum on improved activity

Rates of cotton showed further increase on the local market on strong demand by small mills, dealers said on Thursday. The official spot rate was up by Rs 50 to Rs 8750, they added. In the ready session, about 6000 bales of cotton changed hands between Rs

Published 24 May, 2019 12:00am

CBOT wheat futures fall

Chicago Board of Trade (CBOT) wheat futures fell on Wednesday, pressured by technical selling and profit-taking after hitting a three-month high the previous session. CBOT July soft red winter wheat settled 6 cents lower at $4.72-3/4 per bushel. The contr

Published 24 May, 2019 12:00am

CBOT soyabeans rise in technical rebound

Chicago Board of Trade (CBOT) soyabeans closed higher on Wednesday in a technical-buying rebound from the previous day's declines as the market awaited details of a government farm aid package that could encourage farmers to plant more soya.

Published 24 May, 2019 12:00am

UN envoy for Western Sahara quits over health reasons

The UN envoy for Western Sahara, Horst Koehler, has resigned from his post due to health reasons, nearly two years after he took up the peacemaking mission, the United Nations said Wednesday. Koehler, a former German president, was appointed in August 201

Published 24 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	157.10
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
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Cotton US¢/pound / Dec 24	69.13
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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