News Archives for Print - 2019-10-18

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 18 Oct, 2019 12:00am

Rates

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 18 Oct, 2019 12:00am

Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Updated 18 Oct, 2019 06:39am

Rates

New York cotton

The following were the fluctuations observed during the day:

Published 18 Oct, 2019 12:00am

General News

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 18 Oct, 2019 12:00am

Stocks

Saudi shares climb as banks jump; Dubai index falls

Saudi Arabian shares closed higher for a second straight session on Thursday as banks rallied, while Dubai was dragged down by its top lender Emirates NBD.

Updated 18 Oct, 2019 06:29am

Stocks

Nikkei slips on profit-taking

Japan's stock benchmark Nikkei pulled back on profit-taking on Thursday, a day after rallying to more than 10-month highs, as investors waited for signs of progress on US-China trade talks and Brexit negotiations.

Updated 18 Oct, 2019 06:46am

Stocks

Thursday's late afternoon trade: Wall Street edges higher

Wall Street gained ground on Thursday as positive geopolitical developments and a string of corporate earnings beats put investors in a buying mood.

Updated 18 Oct, 2019 06:46am

Stocks

Wall Street slips as weak data offsets earnings strength

Wall Street lost ground on Wednesday as weak US economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter earnings reports.

Updated 18 Oct, 2019 06:46am

Stocks

Indian shares up

Indian shares ended higher on Thursday, led by gains in auto and state-owned bank stocks, as investors cheered Britain and the European Union agreeing on a new divorce deal.

Updated 18 Oct, 2019 06:46am

Stocks

Treasury yields fall

US Treasury yields fell on Wednesday after data showed that US retail sales fell for the first time in seven months in September, adding to concerns that the US economy is slowing.

Updated 18 Oct, 2019 06:43am

Stocks

Australian shares rally

Australian shares snapped a five-session rally to end lower on Thursday, dragged by miners as iron ore prices continued to slide on worries over Chinese demand.

Updated 18 Oct, 2019 06:42am

Stocks

China stocks Flat

China's major stock indexes ended roughly flat on Thursday in thin trading, as caution prevailed as investors awaited more details on a proposed Sino-US trade deal. The blue-chip CSI300 index rose 0.1%, to 3,925.22, while the Shanghai Composite Index slip

Updated 18 Oct, 2019 06:46am

Stocks

Tempered Brexit hopes drag European stocks into red

European shares edged lower on Thursday, as strong earnings from Sweden's Ericsson were offset by fading optimism over the Brexit deal amid investor worries about its support in the British parliament.

Updated 18 Oct, 2019 06:41am

Stocks

Hong Kong stocks up

Hong Kong stocks climbed to end at a one-month high on Thursday, on hopes that more stimulative measures would be rolled out to bolster the island city's growth amid months-long protests.

Updated 18 Oct, 2019 06:41am

Stocks

SE Asian stocks largely down

Singapore's shares fell on Thursday after the city-state reported dismal export figures, while most Southeast Asian stock markets slipped as investors awaited more details on the first phase of the Sino-US trade deal.

Updated 18 Oct, 2019 06:49am

Stocks

Britain stocks come off highs, UK yields fall

A surge in sterling and the rally in Britain's domestically exposed stocks fizzled on Thursday as investors braced for a showdown in the UK parliament over the new Brexit deal agreed between Brussels and London.

Updated 18 Oct, 2019 06:55am

Taxes

Lebanon to tax calls on messaging apps

Lebanon on Thursday announced a new tax on internet calls made through messaging applications, a move meant to boost the cash-strapped state's revenues but which sparked widespread user outrage.

Updated 18 Oct, 2019 06:55am

Money & Banking

China to scrap business curbs on foreign banks, brokerages

China will remove business restrictions on foreign banks, brokerages and fund management firms, a cabinet meeting chaired by Premier Li Keqiang said on Wednesday, state television reported.

Updated 18 Oct, 2019 06:55am

Money & Banking

Morgan Stanley profit up as bond trading surges

Morgan Stanley capped quarterly earnings from big US banks with a higher-than-expected profit on strength in bond trading and M&A advisory, easing concerns that market turmoil would weigh on banks' Wall Street-related businesses.

Updated 18 Oct, 2019 06:54am

Global Business Economy

Proposed GM contract lifts wages, closes 4 plants

General Motors' proposed agreement to end a labor strike includes a wage increase and faster transition to fulltime status for temporary workers but permanently shuts four plants, according to a union summary released Thursday.

Updated 18 Oct, 2019 07:50am

IT & Computers

IBM revenue misses on weakness in its biggest unit

International Business Machines Corp missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology services unit was hit by weakness in some European markets, sending its shares down 5% in extended trading.

Updated 18 Oct, 2019 08:14am

Global Business Economy

China says efforts 'accelerated' on US trade deal

China said Thursday that its negotiators have "accelerated efforts" to hammer out the details of a partial deal with the United States, as the two sides edge towards an agreement in a lingering trade war.

Updated 18 Oct, 2019 07:54am

Global Business Economy

Australia unemployment rate dips

Australian employment boasted another solid gain in September while the jobless rate dipped for the first time in seven months as fewer people went looking for work, a tentative hint of a much-needed tightening in the labour market.

Updated 18 Oct, 2019 07:54am

Money & Banking

IMF's Georgieva hopes 'the will holds' for a Brexit deal

IMF chief Kristalina Georgieva welcomed news that Britain has reached a deal to leave the European Union but cautioned Thursday the details remain to be seen.

Updated 18 Oct, 2019 06:55am

Global Business Economy

Berlin blames trade wars, Brexit for falling growth prospects

Uncertainty from abroad will continue to weigh on the German economy into 2020, Berlin said Thursday as it slashed its growth forecast while hinting that it might budge slightly on long-demanded stimulus measures.

Updated 18 Oct, 2019 07:53am

Global Business Economy

US homebuilding retreats, manufacturing still struggling

US homebuilding tumbled from more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the economy is slowing.

Updated 18 Oct, 2019 07:54am

Other

Marsh set to miss Pakistan Test after punching wall

All-rounder Mitchell Marsh is set to miss the opening Test against Pakistan after fracturing his right hand punching a wall, with Australian coach Justin Langer branding him "an idiot".

Updated 18 Oct, 2019 05:11am

Other

Socca World Cup: Pakistan concede defeat as Germany out of title race

Germany is out of title race after Pakistan players put up a brave fight and conceded a close 2-3 defeat - which was not enough for the defending champion to stay in the run for title of 2nd Socca World Cup, underway in Crete Greece.

Updated 18 Oct, 2019 05:11am

Other

US boxer Day dies

American boxer Patrick Day died Wednesday after suffering a serious brain injury during his knockout defeat to Charles Conwell last weekend, promoter Lou DiBella said in a statement.

Updated 18 Oct, 2019 05:13am

Other

Shoaib Malik signs for SA T20 franchise

Pakistan all-rounder Shoaib Malik will join Johannesburg-based Jozi Stars for the latter stages of the Mzansi Super League Twenty20 tournament this season.

Updated 18 Oct, 2019 05:10am

Other

William, Kate visit NCA, play cricket

Their Royal Highnesses (TRH) the Duke and Duchess of Cambridge Thursday visited the Pakistan Cricket Board (PCB)'s state-of-the-art National Cricket Academy in the first-ever visit to the home of Pakistan cricket by any British royals.

Updated 18 Oct, 2019 05:10am

Money & Banking

Pound slides; dollar steadies in Asia

The pound tumbled on Thursday on deepening uncertainty over Brexit after the party that backs Prime Minister Boris Johnson's minority government said it could not support the deal that he and the EU are proposing. The leadership of Northern Ireland's Demo

Updated 18 Oct, 2019 06:57am

Money & Banking

Euro jumps in Europe on Brexit deal

The euro rallied to its highest levels in nearly two months against the dollar on Thursday after the European Union and Britain struck a Brexit deal. Though the deal remains to be ratified by British lawmakers, traders briefly sent the British pound and t

Updated 18 Oct, 2019 06:57am

Money & Banking

Early trade in New York: Dollar slips as euro bounces; sterling volatile

The US dollar fell against the euro on Thursday as the common currency got a lift from the European Union and Britain striking a long-awaited Brexit deal. Britain clinched an eleventh-hour deal on its exit from the EU on Thursday, more than three years af

Updated 18 Oct, 2019 06:56am

Money & Banking

Dollar falls across the board in New York

The US dollar fell across the board on Wednesday as dismal US retail sales data painted a gloomy picture of the economy and supported the case for further interest rate cuts by the Federal Reserve. The dollar index, which measures the US currency against

Updated 18 Oct, 2019 06:57am

Money & Banking

Aussie rises, kiwi flat

The Australian dollar hopped higher on Thursday after solid local jobs data led investors to trim the chance of a cut in interest rates next month, though futures still favoured December for a move. The Aussie gained 0.4% to $0.6785 and edged away from th

Updated 18 Oct, 2019 06:58am

Money & Banking

Most Asian currencies strengthen

Most Asian currencies strengthened on Thursday due to overnight weakness in dollar after a fall in US retail sales, while lingering hopes of a Sino-US trade deal also lent support to the export-reliant regional units. The Taiwanese dollar led the gains in

Updated 18 Oct, 2019 07:07am

Money & Banking

Sterling weakens amid mixed Brexit signals

The pound weakened on Thursday after Northern Ireland's Democratic Unionist Party said it could not support a Brexit deal proposed by Prime Minister Boris Johnson and the European Union, though it traded close to a five-month high. DUP leaders said in a s

Updated 18 Oct, 2019 07:07am

Money & Banking

South Africa's rand up

South Africa's rand firmed on Thursday after the country's cabinet approved the promulgation of its long-delayed plan for electricity generation amid nationwide power cuts by state utility Eskom. At 1535 GMT, the rand was 1% firmer at 14.7900 per dollar.

Updated 18 Oct, 2019 07:07am

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,134. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.839 billion and the numbers of lots traded 7,017. Major business was contributed by Gold amoun

Published 18 Oct, 2019 12:00am

CBOT soyabean futures lower

Chicago Board of Trade soyabean futures closed lower on Wednesday on uncertainty surrounding US-China trade negotiations, along with seasonal pressure from the expanding Midwest harvest, traders said. CBOT November soyabeans settled down 6 cents at $9.28

Published 18 Oct, 2019 12:00am

CBOT wheat futures higher on technical buying

Chicago Board of Trade wheat futures closed higher on Wednesday on technical buying and news that Egypt bought 405,000 tonnes of wheat at its latest international tender, traders said. CBOT December soft red winter wheat settled up 6-1/4 cents at $5.13-1/

Published 18 Oct, 2019 12:00am

Euronext wheat futures higher on Egyptian tender

Euronext wheat futures were higher on Wednesday, supported by an Egyptian tender that shifted the market's focus back towards export demand. Benchmark December milling wheat on Paris-based Euronext settled 1.75 euros, or 1.0%, higher at 180.00 euros ($199

Published 18 Oct, 2019 12:00am

Energy

US natural gas futures fall on warmer weather

US natural gas futures fell on Wednesday after hitting technical resistance on forecasts for warmer weather and lower heating use next week than previously expected and the return of inventories to normal levels for the first time in over two years. Front

Updated 18 Oct, 2019 07:06am

Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 97,905 tonnes of cargo comprising 53,191 tonnes of import cargo and 44,714 tonnes of export cargo including 2,983 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 53

Published 18 Oct, 2019 12:00am

Cotton & Textile

Firm trend witnessed on cotton market

Firmness prevailed on the cotton market on Thursday in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 8900, they added. In ready session, 17,000 bales of cotton changed hands between Rs 7800-9100, they said. Rate

Updated 18 Oct, 2019 07:06am

Chinese iron ore futures plunge to six-week low

Benchmark Dalian iron ore futures slumped more than 3% to their lowest in six weeks on Wednesday, after China's top steelmaking city of Tangshan issued a second-level smog alert that requires mills to further limit operations. The Dalian Commodity Exchang

Published 18 Oct, 2019 12:00am

General News

Hong Kong lawmakers dragged from chamber as leader heckled for second day

Pro-democracy lawmakers were dragged out of Hong Kong's legislature by security guards on Thursday after they heckled the city's pro-Beijing leader for a second day running, the latest outburst of political rancour in the strife-torn city. Chief Executive

Published 18 Oct, 2019 12:00am

Global Business Economy

Dior apologises for China map excluding Taiwan

Luxury brand Dior has become the latest company to apologise to China over a perceived insult to national sovereignty, saying Thursday it "cherishes the feelings of the Chinese people". The French luxury brand found itself in hot water after using a map o

Updated 18 Oct, 2019 08:04am

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 23	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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