News Archives for Print - 2019-09-06

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Print - 2019-09-06

Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (September 05, 2019).

Published 06 Sep, 2019 12:00am

US offered millions in cash to captain of Iranian tanker

A senior US official personally offered several million dollars to the Indian captain of an Iranian oil tanker suspected of heading to Syria, the State Department confirmed Wednesday. The Financial Times reported that Brian Hook, the State Department poin

Published 06 Sep, 2019 12:00am

Chinese firm creates first cloned kitten

Seven months after Huang Yu's pet cat Garlic died, the British shorthair was given a 10th life. Born on July 21, the new Garlic was created by Chinese firm Sinogene, becoming the Beijing-based company's first successfully copied cat. The pet-cloning outfi

Published 06 Sep, 2019 12:00am

Four dead as monsoon deluge sparks Mumbai chaos

A six-year-old boy was among four people killed after severe flooding hit India's financial hub Mumbai, resulting in dozens of cancelled or delayed flights, officials said Thursday. Mumbai - home to 20 million people - has been hit by torrential downpours

Published 06 Sep, 2019 12:00am

China scolds Canada over 'mistakes' but approves new envoy

China said Thursday it accepted Canada's choice for a new ambassador to Beijing but urged Ottawa to "reflect on its mistakes" amid diplomatic tensions between the countries. Relations nosedived in December after Canadian police arrested a top executive of

Published 06 Sep, 2019 12:00am

Kashmiri journalist Gowhar Geelani barred from leaving India

Indian authorities should allow journalist Gowhar Geelani to travel freely, the Committee to Protect Journalists said on Wednesday. On August 31, immigration officials at the Indira Gandhi airport in New Delhi stopped Geelani, a Kashmiri broadcast journal

Published 06 Sep, 2019 12:00am

400 million Facebook users' phone numbers exposed in privacy lapse

Phone numbers linked to more than 400 million Facebook accounts were listed online in the latest privacy lapse for the social media giant, US media reported Wednesday. An exposed server stored 419 million records on users across several databases - includ

Published 06 Sep, 2019 12:00am

Dorian lashes Carolinas after Bahamas havoc

Hurricane Dorian, which reduced much of the northern Bahamas to rubble and left at least 20 people dead, whipped the Carolinas Thursday, bringing lashing winds, heavy rainfall and the threat of dangerous storm surge to the US east coast. As a multi-nation

Published 06 Sep, 2019 12:00am

Currency

Strong sterling knocks FTSE 100 despite trade lull

London's FTSE 100 slipped on Thursday as a surge in sterling pushed exporter stocks lower, missing out on a global rally led by growing hopes of a resolution to the US-China trade dispute. The FTSE 100 slid 0.6%, with multinationals including spirits comp

Published 06 Sep, 2019 12:00am

Exchange

Most SE Asian stocks rise

Most Southeast Asian stock markets rose on Thursday, with Philippines leading gains, as confirmation of talks between Beijing and Washington spurred hopes of a de-escalation in the trade war. China and the United States agreed to hold high-level trade tal

Published 06 Sep, 2019 12:00am

Indian shares erase gains

India's benchmark BSE index reversed early gains and closed slightly lower on Thursday as sluggish economic growth kept investors cautious and the government's assurance to the ailing auto sector failed to bring much cheer.

Published 06 Sep, 2019 12:00am

Eurozone stocks rally on trade hopes

Eurozone stock markets charged higher on Thursday, as optimism over US-China trade talks, positive corporate updates and a rally in banking shares brightened the mood in Europe even as London stocks went in the opposite direction.

Published 06 Sep, 2019 12:00am

Exchange

China stocks surge

China stocks ended higher on Thursday, boosted by hopes Beijing will free up the amount of cash banks must keep as reserves to shore up the economy, while another round of talks between China and the United States in October aided sentiment.

Published 06 Sep, 2019 12:00am

Australian shares at 1-month high, NZ rises

Australian shares ended a three-day losing streak to close at a one-month high on Thursday, as confirmation of US-China trade talks cheered investors, while soaring crude oil prices powered energy stocks. The S&P/ASX 200 index closed up 0.9% at 6,613.2 po

Published 06 Sep, 2019 12:00am

Two-year Treasury yields lowest since 2017, steepening curve

Two-year Treasury yields hit their lowest since September 2017, steepening the yield curve on Wednesday, after the Federal Reserve's Beige Book report and GDPNow tool reflected expectations that growth would slow in the third quarter.

Published 06 Sep, 2019 12:00am

Two-year Treasury yields lowest since 2017, steepening curve

Published 06 Sep, 2019 12:00am

Exchange

Wall Street rises on strong Chinese data, HK and Brexit news

Wall Street's main indexes rebounded on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British lawmakers' approval of a law to delay Brexit provided relief to investors worried about global growth.

Published 06 Sep, 2019 12:00am

Thursday's early afternoon trade: Stocks hit one-month high

US stocks hit a one-month high on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong economic data eased concerns of a domestic slowdown.

Published 06 Sep, 2019 12:00am

Exchange

Japanese stocks climb

Japanese shares closed at their highest in more than a month on Thursday as investors cheered the announcement that US-China trade talks will resume and news from Britain and Hong Kong that also improved risk appetites. The benchmark Nikkei average ended

Published 06 Sep, 2019 12:00am

Emirates NBD's gains support Dubai bourse

The Dubai stock market rose on Thursday, mainly helped by its largest lender Emirates NBD, while Egypt rebounded on the back of financials.

Published 06 Sep, 2019 12:00am

Currency

Sterling posts biggest two-day surge in 10 months

The pound surged to a five-week high on Thursday after lawmakers voted to prevent Prime Minister Boris Johnson taking Britain out of the European Union on Oct. 31 without a transition agreement and his brother Jo quit the government, citing national inter

Published 06 Sep, 2019 12:00am

South Africa's rand falls

South Africa's rand weakened on Thursday after data showed the current account deficit widened in the second quarter from the first, dampening positive economic momentum generated on Tuesday by data showing GDP grew more than forecast.

Published 06 Sep, 2019 12:00am

Emerging Asian currencies buoyant

Most emerging Asian currencies rose on Thursday, led by the Korean won after Washington and Beijing formally agreed to resume trade talks in October, giving a fillip to investor sentiment.

Published 06 Sep, 2019 12:00am

Rouble gains beyond 66 to dollar

The Russian rouble strengthened on Thursday, crossing 66 to the dollar for the first time since August, as global political worries eased after Washington and Beijing agreed to continue trade talks.

Published 06 Sep, 2019 12:00am

Currency

Dollar, yen fall; pound rallies in NY

The safe-haven dollar and yen fell on Wednesday after global political worries eased with what markets perceived as positive news in Hong Kong, Italy and Britain.

Published 06 Sep, 2019 12:00am

Currency

Early trade in New York: Yen slips, pound gains

The yen fell on Thursday as global tensions including the US-China trade conflict showed signs of thawing, bolstering investor confidence and reducing demand for safe-haven currencies. The pound rose to its highest level against the dollar in more than a

Published 06 Sep, 2019 12:00am

Currency

Swedish crown up, yen drops in Europe

The Swedish crown rose strongly on Thursday after the country's central bank said it still expected to tighten monetary policy around the turn of the year, surprising markets and sparking big gains in the long-suffering currency.

Published 06 Sep, 2019 12:00am

Currency

Trade-exposed currencies jump in Asia

China's yuan and the Australian dollar rallied after news on Thursday that China-US trade talks would resume next month, but investors sold the safe haven yen, even though any de-escalation in the trade war would benefit Japanese exporters.

Published 06 Sep, 2019 12:00am

Favorite Nadal into US Open semis

Rafael Nadal will play Italy's Matteo Berrettini in the US Open semi-finals after the 18-time Grand Slam champion defeated Argentine 20th seed Diego Schwartzman 6-4, 7-5, 6-2. Second seed Nadal - a winner at Flushing Meadows in 2010, 2013 and 2017 - beat

Published 06 Sep, 2019 12:00am

Smith double century puts Australia in command

Australia's Steve Smith took his run-spree this Ashes to a new level as he returned to international cricket with a superb double century on the second day of the fourth Test against England at Old Trafford on Thursday.

Published 06 Sep, 2019 12:00am

Hockey talent hunt plan begins in KP

Khyber Pakhtunkhwa Hockey Association Thursday launched a talent hunt scheme across the province including merged tribal districts for month long duration in order to give ample opportunities to the players to prepare themselves for the forthcoming 33rd N

Published 06 Sep, 2019 12:00am

Rahmat Shah steers Afghanistan with historic ton

Batsman Rahmat Shah Thursday became the first Afghanistan cricketer to score a Test century, helping the minnows start strongly against Bangladesh on the opening day of the one-off match.

Published 06 Sep, 2019 12:00am

Star cricketers back new domestic system, pin hopes for 'change'

Pakistan Cricket Board's new domestic cricket structure, which revolves around the creation of a more quality and intensity focused system to significantly improve first-class cricket, has received the backing of Pakistani cricketers including present and

Published 06 Sep, 2019 12:00am

US services suggest economy weathering trade storm

US services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession. The upbeat reports on Thurs

Published 06 Sep, 2019 12:00am

Vietnam Airlines secures first license for direct US flights

Vietnam Airlines has become the first carrier in the country to secure a coveted license to fly direct to the United States, according to the airline and a regulatory filing seen by AFP. The approval has for months been sought by Vietnamese carriers eager

Published 06 Sep, 2019 12:00am

Syria enjoys 2019 harvests boost: UN

Strong rains and reduced violence in many Syrian regions have led to much improved harvests in 2019 but high prices remain a threat to food security, the UN said Thursday. An extensive UN report on crop and food security in Syria cited estimated wheat pro

Published 06 Sep, 2019 12:00am

US, China to resume trade talks in Washington in October

China and the United States will resume trade talks in Washington in early October, Beijing said on Thursday, allaying fears that new punitive tariffs would lead to a breakdown in the protracted negotiations. The world's two biggest economies have been em

Published 06 Sep, 2019 12:00am

US-China trade war to knock 0.5 percent points off global growth: French minister

Trade tensions between the United States and China are set to knock half a percentage point off of global growth by next year, France's finance minister said in an interview published on Thursday.

Published 06 Sep, 2019 12:00am

Exchange

Over 100 London investment firms get EU licences for Brexit hubs: regulator

More than one hundred asset managers, trading platforms and investment firms in London have so far obtained licences to run new hubs in the European Union after Brexit, a top EU regulator said on Thursday. Licences are granted by national regulators but t

Published 06 Sep, 2019 12:00am

Nissan CEO Saikawa admits receiving excess pay

The head of crisis-hit Japanese automaker Nissan admitted Thursday he received more pay than he was entitled to but denied wrongdoing, as the firm's former chief faces financial misconduct charges.

Published 06 Sep, 2019 12:00am

Vegetable Oil

World food prices dip again

World food prices fell for a third month running in August, pushed down by a sharp drop in the prices of sugar, wheat and maize, the United Nations food agency said on Thursday. The Food and Agriculture Organization (FAO) food price index, which measures

Published 06 Sep, 2019 12:00am

Recession risks rise for Germany as industrial orders plunge

German industrial orders fell more than expected in July on weak demand from abroad, data showed on Thursday, suggesting that struggling manufacturers could tip Europe's biggest economy into a recession in the third quarter.

Published 06 Sep, 2019 12:00am

Putin woos Asian investors

President Vladimir Putin sought to lure Asian investment to Russia's Far East on Thursday as the launch was announced of a huge Arctic gas project aimed at Asian markets.

Published 06 Sep, 2019 12:00am

Renewable energy surges as power emissions keep rising: UN

Energy from increasingly-competitive renewable sources such as wind and solar has quadrupled globally in just a decade, the United Nations said Thursday, but insatiable demand saw power sector emissions rise 10 percent.

Published 06 Sep, 2019 12:00am

Exchange

China's iron ore, steel futures rise on lenient output curbs

Iron ore futures in China rose to a 3-1/2-week high on Wednesday, fuelled by hopes of stable demand as anti-pollution curbs in top steelmaking cities ahead of the National Day holiday were more lenient than expected. The most-traded iron ore futures contr

Published 06 Sep, 2019 12:00am

Cotton

Trade activity falls on cotton market

Trade activity came down on the cotton market on Thursday as most of the buyers were on the sidelines owing to less interest in fresh deals, dealers said. The official spot rate was higher by Rs 100 to Rs 8100, they added. In ready session, over 7000 bale

Published 06 Sep, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 116,549 tonnes of cargo comprising 90,879 tonnes of import cargo and 25,670 tonnes of export cargo including 7,297 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 9

Published 06 Sep, 2019 12:00am

Exchange

US natural gas futures rise to fresh 7-week high

US natural gas futures rose almost 4% to a fresh seven-week high on Wednesday on forecasts for the weather to remain warmer than normal in Texas and the Southeast through mid September despite projections for slightly lower cooling demand next week than p

Published 06 Sep, 2019 12:00am

Euronext wheat futures little changed

Euronext wheat futures were little changed on Wednesday, consolidating close to 16-month lows as traders sought more clues on export prospects after a big European harvest that has dented prices. A rebound in US wheat encouraged Euronext to steady, althou

Published 06 Sep, 2019 12:00am

CBOT soyabean futures higher

Chicago Board of Trade soyabean futures closed higher on Wednesday on technical buying, along with spillover strength from crude oil and a setback in the US dollar, which tends to make US products more competitive globally. CBOT November soyabeans settled

Published 06 Sep, 2019 12:00am

CBOT corn futures fall

Chicago Board of Trade corn futures fell on Wednesday for a third straight session as improving crop ratings and forecasts for mild weather throughout September bolstered US harvest prospects, traders said. Follow-though technical selling noted a day afte

Published 06 Sep, 2019 12:00am

Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,214. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.744 billion and the numbers of lots traded were 9,172.

Published 06 Sep, 2019 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 06 Sep, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 06 Sep, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 06 Sep, 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 06 Sep, 2019 12:00am

Exchange

Barclays bid rates and maximum rates for payment of interest

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 06 Sep, 2019 12:00am

Exchange

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (September 05, 2019).

Published 06 Sep, 2019 12:00am

Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (September 05, 2019).

Published 06 Sep, 2019 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (September 05, 2019).

Published 06 Sep, 2019 12:00am

Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (September 05, 2019).

Published 06 Sep, 2019 12:00am

Currency

Banks rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (September 05, 2019).

Published 06 Sep, 2019 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Thursday (September 05, 2019).

Published 06 Sep, 2019 12:00am

Mutual Funds

Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 06 Sep, 2019 12:00am

Exchange

Board meetings in progress

Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange.

Published 06 Sep, 2019 12:00am

Exchange

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 06 Sep, 2019 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 06 Sep, 2019 12:00am

Exchange

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 06 Sep, 2019 12:00am

Exchange

Clearing Schedule for T+2 System

Pakistan Stock Exchange's Clearing Schedule for T+2 System.

Published 06 Sep, 2019 12:00am

Dates of Closure of Books & Annual General Meetings

Exchange

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Gainers
Losers
Leaders

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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