News Archives for Print - 2019-07-02

Marcus Rashford committed his long-term future to Manchester United on Monday by agreeing a new four-year contract with the option for a further year.

Published 02 Jul, 2019 12:00am

India defend Dhoni after limp end to England World Cup chase

India team bosses on Monday defended M.S. Dhoni after the wicketkeeper-batsman came under fire for slow batting towards the end of his side's World Cup defeat to England. Chasing a stiff target 338 to win, previously unbeaten India needed 71 runs from the

Published 02 Jul, 2019 12:00am

Mashrafe urges Bangladesh to raise game for must-win India World Cup clash

Skipper Mashrafe Mortaza says Bangladesh will have to raise their game against a strong India side on Tuesday if they are retain any chance of reaching the World Cup semi-finals. Mashrafe's side have seven points after three wins and a washout, three poin

Published 02 Jul, 2019 12:00am

New Zealander Singh signs for Bayern Munich

Wellington Phoenix midfielder Sarpreet Singh Monday agreed terms with German powerhouse Bayern Munich in one of the highest-profile transfers of a New Zealand footballer. Born in New Zealand to Indian parents, the 20-year-old was an academy graduate at th

Published 02 Jul, 2019 12:00am

Ivory Coast reach Cup of Nations last 16

Wilfried Zaha scored on his first start at this year's Africa Cup of Nations as Ivory Coast clinched a place in the last 16 with a 4-1 victory over Namibia on Monday.

Published 02 Jul, 2019 12:00am

Sri Lanka survive scare to beat West Indies

Sri Lanka held off a West Indies charge at Chester-le-Street on Monday to win an exciting battle of two World Cup also-rans by 23 runs.

Published 02 Jul, 2019 12:00am

Osaka crashes out in first round

Naomi Osaka's bid to win a third Grand Slam title came to a premature end on Monday when she lost to Kazakh Yulia Putintseva, 7-6 (7/4), 6-2 in the first round.

Published 02 Jul, 2019 12:00am

Djokovic off to winning start with Ivanisevic at his side

Defending champion Novak Djokovic got his campaign for a fifth Wimbledon title off to a winning start on Monday with newly-hired coaching team recruit, and 2001 winner, Goran Ivanisevic helping steer the ship. Djokovic, chasing a fifth title at the All En

Published 02 Jul, 2019 12:00am

Kerb

Game, set and match for Miss and Mrs at Wimbledon

Wimbledon umpires are no longer using women's marital status at the end of each game and match, bringing the use of prefixes in line with the men's competition. "Game, Miss..." or "Game, set and match, Mrs..." have been a traditional part of the Wimbledon

Published 02 Jul, 2019 12:00am

Exchange

Zimbabwe to allow US dollar cash withdrawals from some accounts

Zimbabweans will be allowed to withdraw up to 1,000 US dollars in cash a day from foreign currency accounts, Finance Minister Mthuli Ncube said on Monday, as the country prepares to relaunch its own currency after a decade of dollarisation. The surprise a

Published 02 Jul, 2019 12:00am

Paris introduces rent controls to cap rises

Paris authorities reintroduced rent controls on Monday in a bid to get a grip on the spiralling cost of living in the City of Light. Real estate prices have surged in the French capital, mirroring spurts in other major European cities due to historic low

Published 02 Jul, 2019 12:00am

Italy's jobless rate drops below 10 percent

Italy's unemployment rate dropped below the symbolic 10 percent threshold in May to 9.9 percent, provisional data from the national statistics agency showed Monday. It was the first time it the jobless rate has dipped into the single digits since February

Published 02 Jul, 2019 12:00am

Japan restricts exports to South Korea over wartime labour row

Japan on Monday imposed restrictions on exports used by South Korea's chip and smartphone companies, ramping up long-simmering tensions between the US allies over the use of forced labour during World War Two. Seoul quickly hit back, saying the measures v

Published 02 Jul, 2019 12:00am

Warren Buffett to give $3.6 billion to five foundations

Billionaire Warren Buffett announced Monday that he donated $3.6 billion worth of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four other charities. Buffett, 88, nicknamed the "Oracle of Omaha," will convert 11,250 of class "A" Berk

Published 02 Jul, 2019 12:00am

Exchange

Dubai port operator acquires Topaz Energy for $1.1 billion

Dubai port and logistics giant DP World said Monday it has acquired Topaz Energy and Marine, an offshore international vessel and marine logistics company for nearly $1.1 billion. Dubai-based Topaz is a subsidiary of Renaissance, a publicly traded firm on

Published 02 Jul, 2019 12:00am

Eurozone jobless rate hits 11-year low of 7.5 percent

The unemployment rate in the eurozone dropped to 7.5 percent in May, its lowest level since July 2008, data showed Monday, despite mounting concerns that global trade wars could cool already tepid economic growth. The figure is better than the consensus f

Published 02 Jul, 2019 12:00am

US manufacturing hits 32-month low amid weakening demand

US manufacturing activity last month fell to its lowest level in nearly three years - well below the pace when President Donald Trump took office - another warning sign for the world's largest economy as it marks the longest expansion on record. The manuf

Published 02 Jul, 2019 12:00am

Currency

Factories faltered in June, trade truce fails to brighten outlook

Factory activity shrank across much of Europe and Asia in June while growth in manufacturing cooled in the United States, keeping the world's policymakers under pressure to avert a recession amid a US-China trade war. A series of mainly downbeat business

Published 02 Jul, 2019 12:00am

Exchange

PROVINCIAL BUDGETS 2019-20 - SINDH & PUNJAB

SINDH FINANCE BILL, 2019

Published 02 Jul, 2019 12:00am

Exchange

PROVINCIAL BUDGETS 2019-20 - SINDH & PUNJAB

SINDH FINANCE BILL, 2019

Published 02 Jul, 2019 12:00am

Exchange

US natural gas futures ease on weather forecast

US natural gas futures eased on Friday as the market focused more on forecasts for less hot weather in a couple weeks than on an expected increase in liquefied natural gas (LNG) exports. Front-month gas futures for August delivery on the New York Mercanti

Published 02 Jul, 2019 12:00am

Large US soyabean sale to China ahead of Trump-Xi meeting: USDA

The US Department of Agriculture (USDA) on Friday reported a large soyabean sale to China, an apparent goodwill gesture a day before the first meeting between US President Donald Trump and Chinese President Xi Jinping in seven months.

Published 02 Jul, 2019 12:00am

Russia's wheat output seen at 81.7m tonnes

Wheat production in Russia, the world's largest exporter of the cereal, is expected to be 81.7 million tonnes this year, up 13% compared with 2018, as hot, dry conditions this month have had a limited impact on yields, French consultancy Agritel said. The

Published 02 Jul, 2019 12:00am

Exchange

China's iron ore prices hit record highs

Iron ore prices in China hit record highs on Friday and booked their biggest quarterly gain since late 2016, buoyed by expectations that supply of the raw material in the world's top steel producer will remain tight in the second-half of the year. Steel f

Published 02 Jul, 2019 12:00am

Heatwave seen trimming, not slashing EU grain harvest

A record-breaking heatwave in western Europe may trim grain harvest production but the searing heat is not expected to last long enough to cause the kind of severe crop losses seen during a drought last year. The unusually early summer heatwave has grippe

Published 02 Jul, 2019 12:00am

Cotton

Cotton prices firm on modest trade

Cotton prices showed firmness in line with the global trend on Monday after the United States (US) and China agreed to restart trade talks as US President Donald Trump offered concessions on new tariffs and restrictions on tech company Huawei. The officia

Published 02 Jul, 2019 12:00am

Exchange

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,060. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.666 billion and the number of lots traded 7,271.

Published 02 Jul, 2019 12:00am

European gasoline margins up

Northwest European gasoline refining margins ticked up on Thursday amid a big outage at a US refinery. Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 6% in the week to Thursday, data from D

Published 02 Jul, 2019 12:00am

CBOT wheat futures sharply lower

Chicago Board of Trade (CBOT) wheat futures closed sharply lower on Friday, following plunging corn prices and pressured by improved crop weather in the US Plains wheat belt, traders said. CBOT September soft red winter wheat ended down 19-1/2 cents at $5

Published 02 Jul, 2019 12:00am

India's gold discounts surge; demand subdued in major centres

Gold discounts in India widened to the highest in nearly three years this week, with demand subdued in major Asian centres as a rally in bullion prices to multi-year highs curbed purchases. Indian dealers were offering a discount of up to $25 an ounce ove

Published 02 Jul, 2019 12:00am

CBOT corn futures plunge

Chicago Board of Trade (CBOT) corn futures plunged more than 4% on Friday after the US Department of Agriculture (USDA) estimated US plantings well above trade estimates, sending prices down by the most in nearly three years, traders said. CBOT September

Published 02 Jul, 2019 12:00am

Indian and Thai rice prices rise

Rice export prices in India edged higher this week, helped by an uptick in demand, while a strong Thai baht propped up prices in the world's second largest rice exporter amid subdued consumption. In India, the top exporter of the staple grain, 5 percent b

Published 02 Jul, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 163,715 tonnes of cargo comprising 118,524 tonnes of import cargo and 45,191 tonnes of export cargo including 4,203 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 11

Published 02 Jul, 2019 12:00am

Canadian canola futures higher

ICE Canadian canola futures closed higher on Friday on short-covering ahead of a long holiday weekend and spillover strength from allied US soy markets, traders said. Most-active November canola settled up $3.90 at $455.90 per tonne, halting a five-sessio

Published 02 Jul, 2019 12:00am

Russian heatwave not affecting spring wheat areas

Conditions for Russia's spring wheat harvest are generally good or satisfactory with only a few areas affected by a heatwave that has hit some parts of the country, state weather forecaster Hydrometcentre said on Tuesday.

Published 02 Jul, 2019 12:00am

Vietnam's coffee prices higher as lower supplies

Coffee prices in Vietnam edged higher this week on low supplies, while trading activity picked up in Indonesia where a major harvest was in full swing. Farmers in the Central Highlands, Vietnam's largest coffee growing area, sold coffee at 35,000 dong ($1

Published 02 Jul, 2019 12:00am

Exchange

Saudi index extends gains as global rally lifts most of Gulf

Saudi Arabia's stock market rose for a fifth straight day on Monday as most major Gulf bourses gained, reflecting positive global market sentiment after the United States and China reached a trade war truce.

Published 02 Jul, 2019 12:00am

Tokyo shares soar

Tokyo shares soared Monday after the United States and China agreed a ceasefire in their trade war that has damaged the global economy.

Published 02 Jul, 2019 12:00am

Monday's early afternoon trade: S&P at all-time high as trade hopes drive tech gains

Wall Street's main indexes rose on Monday, with the S&P 500 hitting an all-time high, as technology stocks gained on growing optimism around US-China trade talks and a likely reprieve for Chinese telecoms company Huawei.

Published 02 Jul, 2019 12:00am

Asian stocks climbed in June; posted best gain in five months

Asian stocks climbed in June after sharp falls the previous month, with investor sentiment buoyed by expectations of monetary easing by major central banks and hopes for a thaw in strained Sino-US trade ties.

Published 02 Jul, 2019 12:00am

SE Asian stocks rise

Southeast Asian stock markets ended firmer on Monday, after weeks of volatile trade, as an agreement by the United States and China to restart trade talks after President Donald Trump offered concessions revived risk appetite.

Published 02 Jul, 2019 12:00am

Exchange

China shares climb on trade truce relief

Chinese shares ended at their highest level in more than two months on Monday, propelled by hopes of an end to the US-China trade war after the two countries agreed to restart negotiations and Washington said it would postpone further tariffs.

Published 02 Jul, 2019 12:00am

Indian shares surge

Indian shares rose on Monday, in line with broader Asian markets following a US-China trade truce, with financial stocks seeing a surge, while oil shares retreated on rising crude prices.

Published 02 Jul, 2019 12:00am

Exchange

European shares rally to near 2-month high

European shares surged on Monday to their highest in nearly two months, led by trade-sensitive technology stocks after the United States and China agreed to restart trade negotiations. The pan-European STOXX 600 index rose 0.8% on broad-based gains, with

Published 02 Jul, 2019 12:00am

Australian shares up; New Zealand dips

Australian shares closed higher on Monday as an agreement by Washington and Beijing to restart trade talks stoked risk appetite, while the prospects of a local interest rate cut also lent support. The S&P/ASX 200 index ended up 0.4% or 29.30 points at 6,6

Published 02 Jul, 2019 12:00am

FTSE hits over 9-month high as Sino-US trade tensions ease

UK stocks began the new quarter on a solid footing on Monday, with the main index touching a more than nine-month high, as a thaw in the US-China trade dispute lifted market sentiment and spurred a rally in global stocks.

Published 02 Jul, 2019 12:00am

Currency

Latam currencies surge on trade relief

A global rally in equities spilled over to Latin America on Monday after the United States and China agreed to restart trade negotiations, helping Brazil's main stock index extend a stellar second-quarter performance.

Published 02 Jul, 2019 12:00am

Exchange

Overstock.com unit tZERO to launch digital currency wallet, exchange app

Overstock.com subsidiary tZERO said on Thursday it has launched a digital wallet and exchange app for cryptocurrencies.

Published 02 Jul, 2019 12:00am

Currency

Yen slips, yuan moves higher in Asia

The yuan gained and the safe-haven yen slid against the dollar on Monday as appetite for risk-sensitive currencies improved after the United States and China agreed to restart their troubled trade talks.

Published 02 Jul, 2019 12:00am

Early trade in New York: Dollar advances to 2-week high

The dollar rose to two-week highs on Monday after the United States and China agreed to restart their troubled trade talks, with investors selling safe-haven currencies such as the Japanese yen and Swiss franc as tensions eased between the world's two lar

Published 02 Jul, 2019 12:00am

Currency

Yuan, dollar up; safe-haven currencies shrivel in Europe

The dollar and offshore Chinese yuan rallied on Monday after the United States and China agreed to restart their troubled trade talks, while the Japanese yen and Swiss franc were the big casualties as investors sold safe-haven currencies.

Published 02 Jul, 2019 12:00am

Exchange

Russia seen cutting state FX purchases in July

Russia's finance ministry is expected to lower its purchases of foreign currency for state reserves in July, a Reuters poll showed on Monday.

Published 02 Jul, 2019 12:00am

Most Asian currencies advance

A trade truce between the United States and China prompted a relief rally among most Asian currencies on Monday, with the Chinese yuan and Thai baht leading the gains.

Published 02 Jul, 2019 12:00am

Sri Lankan rupee strengthens

Sri Lankan rupee edged up at 176.25/35 per dollar, compared with Friday's close of 176.40/50, market sources said. The rupee rose 0.17% last week and is up 3.6% so far this year.

Published 02 Jul, 2019 12:00am

Currency

Turkish lira soars nearly 2.8 percent

The Turkish lira soared nearly 2.8% on Monday to its strongest level since April after President Tayyip Erdogan said he heard from US President Donald Trump there would be no sanctions over Turkey's purchase of Russian S-400 defence systems. On track for

Published 02 Jul, 2019 12:00am

Exchange

South African rand flat

South Africa's rand inched firmer on Monday, clinging on to a month's worth of gains towards the crucial 14.00 mark despite the dollar recovering from its recent slump as trade tensions between Washington and Beijing thawed.

Published 02 Jul, 2019 12:00am

Aussie, kiwi snap winning streak

The Australian dollar slipped on Monday as traders were cautious ahead of an expected interest rate cut by the country's central bank while disappointing economic data from top trading partner China also weighed.

Published 02 Jul, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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