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Print - 2019-07-25
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (July 24, 2019).

Published 25 Jul, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (July 24, 2019).

Published 25 Jul, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (July 24, 2019).

Published 25 Jul, 2019 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (July 24, 2019).

Published 25 Jul, 2019 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (July 24, 2019).
Published 25 Jul, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Jul, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Jul, 2019 12:00am
Pakistan needs to tap intra-ECO economic, trade potential
Exchange

Pakistan needs to tap intra-ECO economic, trade potential

Economic Cooperation Organization (ECO) has a unique geo-strategic location, linking the East and the West. This region with its significant economic power, vast natural resources, and dynamic work force, has a huge development potential which need explor
Published 25 Jul, 2019 12:00am
Message from President FPCCI

Message from President FPCCI

The Federation of Pakistan Chambers of Commerce & Industry being the apex representative body of the business community of Pakistan takes pride of initiative to acknowledge the outstanding performances of business entities and individuals in their respect
Published 25 Jul, 2019 12:00am
Message from Chairman, Security Exchange Commission of Pakistan (SECP)

Message from Chairman, Security Exchange Commission of Pakistan (SECP)

I am glad to learn that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing the 7thFPCCI Achievement Awards to pay tribute to the proficient and bright people and organization who have performed well in the field of trade, i
Published 25 Jul, 2019 12:00am
Message from Chief Minister Sindh

Message from Chief Minister Sindh

The Federation of Pakistan Chambers of Commerce & Industry (PPCCI) is organizing the 7th FPCCI Achievement Awards to recognize the outstanding achievements of individuals and firms for enhancing the insignia of Pakistan. As we know that, in knowledge driv
Published 25 Jul, 2019 12:00am
Message from Governor of Sindh

Message from Governor of Sindh

It is truly commendable that the Federation of Pakistan Chambers of Commerce & Industry is organizing the 7th FPCCI Achievement Awards Ceremony in recognition of the services of individuals and organizations of Pakistan. FPCCI's Award plays a crucial role
Published 25 Jul, 2019 12:00am
Message from Minister of State for Climate Change

Message from Minister of State for Climate Change

I would like to congratulate the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for organizing FPCCI Achievement Awards 2019. FPCCI Achievement Awards 2019 will be a source of inspiration and pride for individuals and organizations that
Published 25 Jul, 2019 12:00am
Message from President of the Islamic Republic of Pakistan

Message from President of the Islamic Republic of Pakistan

I am pleased to learn that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing 7th FPCCI Achievement Awards to acknowledge the successes and contributions of leading business persons and organizations. It is indeed important
Published 25 Jul, 2019 12:00am
Copper boosted by hopes for end to US-China trade war
Exchange

Copper boosted by hopes for end to US-China trade war

Copper prices rose on Wednesday as news that US officials would travel to China next week to resume trade talks helped to boost sentiment in industrial metals markets under pressure from concerns over growth and demand.
Published 25 Jul, 2019 12:00am
Malaysian palm oil climbs
Vegetable Oil

Malaysian palm oil climbs

Malaysian palm oil futures climbed over 1% on Wednesday evening to their highest in more than a month, tracking gains in related edible oils.
Published 25 Jul, 2019 12:00am
Raw sugar prices up

Raw sugar prices up

Raw sugar futures on ICE rose on Wednesday, lifted by data indicating that Brazilian sugar production dropped in the first half of this month, while coffee and cocoa prices slipped.
Published 25 Jul, 2019 12:00am
Gold slips in NY

Gold slips in NY

Gold inched down on Tuesday to its lowest level in a week as a robust dollar offset weak US economic data, and investors awaited clearer signals on the Federal Reserve's trajectory for interest rates.
Published 25 Jul, 2019 12:00am
Gold crawls higher in Asia
Exchange

Gold crawls higher in Asia

Gold prices rose on Wednesday as escalating tensions in the Middle East drove investors towards the safe-haven metal, while reports of progress in Sino-US trade negotiations, and a stronger dollar limited the metal's gain.
Published 25 Jul, 2019 12:00am
Gold gains, silver ETFs hit record high in Europe

Gold gains, silver ETFs hit record high in Europe

Gold gained on Wednesday en route to snap a three-session losing streak on expectations the US Federal Reserve and other top central banks would adopt a dovish approach to monetary policy, while silver soared to a more than one-year high.
Published 25 Jul, 2019 12:00am
Corn slides, wheat rallies

Corn slides, wheat rallies

Chicago corn futures turned lower on Wednesday as traders began to unwind the corn-wheat spread, while soyabeans were boosted by hopes trade talks between the United States and China can be revived.
Published 25 Jul, 2019 12:00am
US MIDDAY: Gold rises

US MIDDAY: Gold rises

Gold gained on Wednesday en route to snap a three-session losing streak on expectations the US Federal Reserve and other major central banks would adopt a dovish approach to monetary policy, while silver soared to a more than one-year high.
Published 25 Jul, 2019 12:00am
Indian shares lower

Indian shares lower

Indian shares marked their worst losing streak since mid-May on Wednesday after the International Monetary Fund (IMF) cut its annual growth forecast for the country, with losses seen across the board.
Published 25 Jul, 2019 12:00am
Treasury yields rise on trade hopes

Treasury yields rise on trade hopes

US Treasuries yields rose on Tuesday on a report that US negotiators are heading to China to discuss trade terms, boosting hopes that the two countries may deescalate a trade war that has weighed on economic growth.
Published 25 Jul, 2019 12:00am
Treasury yields rise on trade hopes

Treasury yields rise on trade hopes

US Treasuries yields rose on Tuesday on a report that US negotiators are heading to China to discuss trade terms, boosting hopes that the two countries may deescalate a trade war that has weighed on economic growth.
Published 25 Jul, 2019 12:00am
Japan stocks hit 2-1/2-week high

Japan stocks hit 2-1/2-week high

Japanese shares rose to 2-1/2-week highs on Wednesday after a news report that US and Chinese trade negotiators will meet in Shanghai next week prompted investors to buy back cyclical plays, such as autos, shippers and machinery makers.
Published 25 Jul, 2019 12:00am
China stocks rise

China stocks rise

China stocks gained on Wednesday, lifted by reports of progress in Sino-US trade negotiations, while excitement towards Shanghai's Nasdaq-style tech board cooled down a bit on the third day of trading.
Published 25 Jul, 2019 12:00am
Southeast Asian stock end lower

Southeast Asian stock end lower

Philippine shares closed at a two-week low on Wednesday as investors booked profits in financial stocks, while most Southeast Asian markets ended lower.
Published 25 Jul, 2019 12:00am
Miners end FTSE 100's three-day winning run

Miners end FTSE 100's three-day winning run

Miners dragged London's main index to its worst day in two months on Wednesday as iron ore prices fell after Vale prepared to resume operations at its Vargem Grande complex, while luxury carmaker Aston Martin lost a quarter of its value after cutting annu
Published 25 Jul, 2019 12:00am
Eurozone business growth stumbles, outlook gloomy

Eurozone business growth stumbles, outlook gloomy

Eurozone business growth was weaker than expected in July, hampered by a deepening contraction in manufacturing, and forward-looking indicators in surveys published on Wednesday suggest conditions will get worse next month. That will make disappointing re
Published 25 Jul, 2019 12:00am
Nissan confirms profit plunge as job cuts reported

Nissan confirms profit plunge as job cuts reported

Japanese car giant Nissan confirmed Wednesday it will report a plunge in first quarter operating profit as media reported the struggling automarker plans to cut more than 10,000 jobs worldwide.
Published 25 Jul, 2019 12:00am
Boeing reports $2.9 billion loss in 2Q, biggest quarterly loss ever

Boeing reports $2.9 billion loss in 2Q, biggest quarterly loss ever

Boeing reported a second-quarter loss of $2.9 billion Wednesday as the grounding of 737 MAX following two deadly crashes continues to weigh on the company. The loss, the biggest ever in a single quarter for the aerospace giant, follows last week's announc
Published 25 Jul, 2019 12:00am
US manufacturing, housing sectors mired in weakness

US manufacturing, housing sectors mired in weakness

Sales of new US single-family homes rebounded sharply in June, but sales for the prior three months were revised down, indicating that the housing market continued to tread water despite lower mortgage rates and a strong labour market. Other data on Wedne
Published 25 Jul, 2019 12:00am
Caterpillar reports disappointing results

Caterpillar reports disappointing results

Caterpillar reported disappointing earnings amid weakening demand for machinery in China, and signaled Wednesday it expects full-year profits to be at the low end of expectations. The company, an industrial bellwether that manufactures equipment for the c
Published 25 Jul, 2019 12:00am
Brussels assails EU states for money laundering failures

Brussels assails EU states for money laundering failures

The EU said the bloc's 28 member states held great responsiblity for the wave of money-laundering scandals hitting the continent Wednesday, urging tighter and more centralised control of banking. "We have stringent anti-money laundering rules at EU level,
Published 25 Jul, 2019 12:00am
Reports of racism in English football rise sharply

Reports of racism in English football rise sharply

Reported incidents of racist abuse in English football rose by 43 percent in the 2018/19 season, according to campaign group Kick It Out. Wednesday's annual report from the equality and inclusion charity said reports of discrimination in professional and
Published 25 Jul, 2019 12:00am
Sun eclipsed at world swim as Milak crushes Phelps record

Sun eclipsed at world swim as Milak crushes Phelps record

Chinese giant Sun Yang suffered defeat Wednesday after an emotional week in which he has clashed with rival swimmers over doping allegations, while Hungarian teenager Kristof Milak shattered Michael Phelps's 200m butterfly world record. Triple Olympic cha
Published 25 Jul, 2019 12:00am
Sri Lanka reduces squad to 16 for Bangladesh ODIs

Sri Lanka reduces squad to 16 for Bangladesh ODIs

Sri Lanka on Wednesday reduced their original 22-strong squad to 16 for the three-match one-day international series against Bangladesh in Colombo. The first ODI will be played on Friday, the second two days later and the final match on July 31. All three
Published 25 Jul, 2019 12:00am
FIFA bans ex-Liberia football chief

FIFA bans ex-Liberia football chief

FIFA on Wednesday banned the former of head of the Liberian Football Association from football for 10 years over corruption, including misuse of funds intended for an Ebola awareness campaign. Musa Hassan Bility, an executive committee member at the Confe
Published 25 Jul, 2019 12:00am
Ireland 207 all out

Ireland 207 all out

Ireland were dismissed for 207 in reply to England's woeful 85, a first-innings lead of 122 runs, on the opening day of a one-off Test at Lord's on Wednesday. Andrew Balbirnie top-scored with 55 - the only fifty on either side so far in the match - with p
Published 25 Jul, 2019 12:00am
Ireland's Murtagh strikes as England collapse to 85 all out

Ireland's Murtagh strikes as England collapse to 85 all out

Tim Murtagh took five wickets on his Lord's home ground before lunch on the first day as Ireland made a sensational start in their first-ever Test against England by bowling out the home side for 85 on Wednesday.
Published 25 Jul, 2019 12:00am
Messi given one-match ban for Copa America red card

Messi given one-match ban for Copa America red card

Argentina star Lionel Messi was hit with a one-game suspension by South American football bosses over his dismissal during the Copa America third-place play-off against Chile earlier this month.
Published 25 Jul, 2019 12:00am
Tokyo unveils 2020 Olympics medal designs

Tokyo unveils 2020 Olympics medal designs

Tokyo Olympic organisers on Wednesday unveiled medals designed to reflect the "energy" of athletes as the city marked a year to go until the opening ceremony of the 2020 Summer Games.
Published 25 Jul, 2019 12:00am
PFF Tiger, NBP advance in Challenge Football Cup

PFF Tiger, NBP advance in Challenge Football Cup

Pakistan Football Federation (PFF) Tigers and NBP advanced to next round after registering victories against their respective rivals in the ongoing 28th PFF National Challenge Football Cup being played here at Tehmas Khan Football Stadium on Wednesday.
Published 25 Jul, 2019 12:00am
Euro slips in Asia
Currency

Euro slips in Asia

The euro slipped to a two-month low on Wednesday, as markets waited to gauge the European Central Bank's stance on policy amid bubbling expectations that it could eventually lower interest rates and join the global easing trend. The common currency was 0.
Published 25 Jul, 2019 12:00am
Gloomy data sends euro tumbling in Europe
Currency

Gloomy data sends euro tumbling in Europe

The euro fell to a two-month low against the dollar on Wednesday, hit by weak economic data and speculation that the European Central Bank may open the door to aggressive monetary policy easing as soon as this week. Money markets are pricing in a 54% chan
Published 25 Jul, 2019 12:00am
Early trade in New York: euro falls to 2-month low against dollar

Early trade in New York: euro falls to 2-month low against dollar

The euro fell to a two-month low against the dollar on Wednesday, hit by weak economic data that bolstered speculation the European Central Bank could undertake aggressive monetary policy easing as soon as this week. The dollar was modestly lower against
Published 25 Jul, 2019 12:00am
Dollar hits to 5-week peak in New York
Currency

Dollar hits to 5-week peak in New York

The dollar rose on Tuesday to near a five-week high against a basket of currencies after President Donald Trump and US lawmakers reached a two-year deal lifting government borrowing limits to cover spending. The US Treasury now can ramp up short-term borr
Published 25 Jul, 2019 12:00am
Canadian dollar hits 1-month low
Currency

Canadian dollar hits 1-month low

The Canadian dollar weakened to a near one-month low against its US counterpart on Tuesday, as the greenback broadly rallied and as weaker-than-expected domestic data since the end of last week prompted investors to sell the currency. At 4:17 p.m. (2017 G
Published 25 Jul, 2019 12:00am
Most Asian currencies move gingerly before ECB
Currency

Most Asian currencies move gingerly before ECB

The Indonesian rupiah weakened to a near two-week low on Wednesday, while most other regional currencies barely moved as investors stayed cautious ahead of Thursday's European Central Bank (ECB) meeting. Central bank easing remains a key theme for currenc
Published 25 Jul, 2019 12:00am
South African rand up
Exchange

South African rand up

South Africa's rand rose on Wednesday as investors looked to possible monetary easing steps at upcoming European and US central bank meetings. At 1600 GMT the rand was 0.5% firmer at 13.8575 per dollar, reversing the previous session's modest slide. The p
Published 25 Jul, 2019 12:00am
Sterling bounces as Boris Johnson takes office
Currency

Sterling bounces as Boris Johnson takes office

Sterling firmed on Wednesday after two days of losses to touch three-week highs versus the euro but options markets signalled pain ahead, betting on a greater risk of a no-deal Brexit under Britain's new leader Boris Johnson as economic stress worsens. Jo
Published 25 Jul, 2019 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

Sri Lankan currency ended 0.06% weaker at 176.10/25 per dollar on Wednesday, compared with Tuesday's close of 176.00/10, as importer demand for the greenback outpaced the dollar selling by banks. The rupee is up 3.69% so far this year. The central bank le
Published 25 Jul, 2019 12:00am
Trade optimism lifts Latam assets

Trade optimism lifts Latam assets

Latin American assets rose on Wednesday as investors held on to optimism from US-China trade talks offsetting concerns of slowing global growth, while a new policy to control Brazil's fiscal woes and provide stimulus to the economy boosted sentiment. Whit
Published 25 Jul, 2019 12:00am
China's iron ore hits one week low
Exchange

China's iron ore hits one week low

Benchmark Dalian iron ore on Tuesday fell to its weakest in six sessions, pressured by slowing demand in the wake of more output restrictions on steel producers in China's top steelmaking city of Tangshan. The most-actively traded September iron ore on th
Published 25 Jul, 2019 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,104. The traded value of Metals, Energy and COTS/FX was recorded at PKR 9.559 billion and the numbers of lots traded were 13,533.
Published 25 Jul, 2019 12:00am
CBOT wheat futures flat on short covering

CBOT wheat futures flat on short covering

Chicago Board of Trade (CBOT) wheat futures started Tuesday on a down note, but climbed back to end the day unchanged on short covering, traders said. CBOT September soft red winter wheat ended the day unchanged at $4.87-1/4 per bushel.
Published 25 Jul, 2019 12:00am
European wheat futures fall on good crop prospects
Exchange

European wheat futures fall on good crop prospects

European wheat futures fell on Tuesday, pressured by prospects of hefty supplies as the continuing wheat harvest in Western Europe reveals larger than expected volumes in some regions. Harvest prospects are looking good both in top producer France and sec
Published 25 Jul, 2019 12:00am
US natural gas futures ease on cooler weather
Exchange

US natural gas futures ease on cooler weather

US natural gas futures eased on Tuesday on forecasts for slightly cooler weather and lower demand over the next two weeks than previously forecast. Front-month gas futures for August delivery on the New York Mercantile Exchange fell 1.2 cents, or 0.5%, to
Published 25 Jul, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 135,695 tonnes of cargo comprising 83,876 tonnes of import cargo and 51,819 tonnes of export cargo including 6,951 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of
Published 25 Jul, 2019 12:00am
Cotton market: Mills indulge in cautious buying of fine quality
Cotton

Cotton market: Mills indulge in cautious buying of fine quality

Mills indulged in cautious buying of fine quality on the cotton market on Wednesday in the process of trading activity, dealers said. Since the week started, the official spot rate picked up Rs 200 to Rs 8650 due to slight fall in better quality cotton, t
Published 25 Jul, 2019 12:00am
CBOT corn futures rise on US crop concerns

CBOT corn futures rise on US crop concerns

Chicago Board of Trade (CBOT) corn futures rose on Tuesday on possible US crop problems but remained stubbornly range-bound because of conflicting market cues that have left the market uneasy for weeks, traders said. CBOT September corn settled up 3-1/4 c
Published 25 Jul, 2019 12:00am
Russia says North Korea holding ship with 17 crew

Russia says North Korea holding ship with 17 crew

North Korea is holding a Russian fishing ship with a crew of 15 Russians and two South Koreans since detaining it last week, the Russian embassy in Pyongyang said Wednesday.
Published 25 Jul, 2019 12:00am
Records tumble in Europe as heatwave bites

Records tumble in Europe as heatwave bites

Belgium and the Netherlands recorded their highest ever temperatures as a European heatwave neared its peak on Wednesday, impacting rail transport and prompting a spike in drownings as people took to the water.
Published 25 Jul, 2019 12:00am
No IS link to Sri Lanka Easter attacks: investigator

No IS link to Sri Lanka Easter attacks: investigator

Sri Lanka's Easter attacks that killed 258 people were carried out by local Islamists who drew inspiration from but were not linked to the Islamic State group, a top investigator said Wednesday.
Published 25 Jul, 2019 12:00am
Blade Runner actor Rutger Hauer dies

Blade Runner actor Rutger Hauer dies

Hollywood actor Rutger Hauer, who became a global cult icon for his role as the scary yet thought-provoking humanoid android in the 1982 sci-fi classic "Blade Runner", has died at the age of 75.
Published 25 Jul, 2019 12:00am
Iran open to UK tanker swap amid hopes for 'progress'

Iran open to UK tanker swap amid hopes for 'progress'

Iran hinted Wednesday it is open to a tanker swap with Britain as the owners of a UK-flagged ship seized by the Islamic republic expressed hopes for "positive progress" after speaking to its crew.
Published 25 Jul, 2019 12:00am
Mueller says he did not exonerate Trump as Republicans assail inquiry

Mueller says he did not exonerate Trump as Republicans assail inquiry

Former Special Counsel Robert Mueller on Wednesday said in his long-awaited US congressional testimony he had not exonerated President Donald Trump of obstruction of justice and defended the integrity of his inquiry under repeated attacks by conservative
Published 25 Jul, 2019 12:00am
Baba Farid Sugar Mills Limited

Baba Farid Sugar Mills Limited

Baba Farid Sugar Mills Limited is one of Punjab's smallest sugar milling unit, ranking 41st out of 43 (by output) operational mills in the province as of 2018. Incorporated in 1978, the mill is located in district Okara of Sahiwal division, in central eas
Published 25 Jul, 2019 12:00am
Baba Farid Sugar Mills Limited

Baba Farid Sugar Mills Limited

Baba Farid Sugar Mills Limited is one of Punjab's smallest sugar milling unit, ranking 41st out of 43 (by output) operational mills in the province as of 2018. Incorporated in 1978, the mill is located in district Okara of Sahiwal division, in central eas
Published 25 Jul, 2019 12:00am
Banday new GM of Pearl-Continental Hotel Rawalpindi

Banday new GM of Pearl-Continental Hotel Rawalpindi

Rashid Rauf Banday has been appointed as the new general manager of Pearl-Continental Hotel Rawalpindi. Previously, he served as general manager in Pearl-Continental Hotel Peshawar. He has been associated with Hashoo Group since 1992. Commenting on his ne
Published 25 Jul, 2019 12:00am
PQT opens event for Oracle enterprise planning

PQT opens event for Oracle enterprise planning

Pak-Qatar Takaful kicks off inaugurate ceremony at their head office for the implementation for Oracle enterprise planning and budgeting cloud services with the team of Oracle Systems Pakistan Pvt Ltd and Integration Xperts Pvt Ltd in Karachi. The event w
Published 25 Jul, 2019 12:00am
LoC violations: FO summons Indian deputy HC

LoC violations: FO summons Indian deputy HC

Pakistan summoned Indian deputy high commissioner on Wednesday over the recent unprovoked ceasefire violations by the Indian forces along Line of Control (LoC) and warned that these may lead to a strategic miscalculation.
Published 25 Jul, 2019 12:00am