News Archives for Print - 2019-10-19

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 19 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 19 Oct, 2019 12:00am

Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Updated 19 Oct, 2019 06:26am

General News

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 19 Oct, 2019 12:00am

Cotton & Textile

Cotton rises as market awaits US-China trade developments

Cotton prices were holding firm on Friday, after the release of the weekly export-sales report, as investors awaited more information regarding the trade agreement between the United States and China. The front-month December contract, was up 0.1 cent, or

Updated 19 Oct, 2019 06:26am

Copper climbs on Chinese property and infrastructure data

Copper prices rose on Friday after positive Chinese data on property and infrastructure growth, while zinc and lead hit multi-month highs as investors worried about shortages. Industrial metals prices were volatile after China's economic growth slowed sli

Published 19 Oct, 2019 12:00am

Energy

Oil falls as China economic concerns outweigh rising refinery runs

Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a US-China trade agreement. Benchmark Brent crude oil futures fell 49 cents to se

Updated 19 Oct, 2019 06:26am

Tokyo rubber climbs on strong Shanghai futures

Tokyo Commodity Exchange (TOCOM) futures climbed on Friday, tracking strong Shanghai futures, amid optimism over a potential Sino-US trade deal. The benchmark TOCOM rubber contract for March delivery finished 2.2 yen ($0.0202) higher at 166 yen per kg. Th

Published 19 Oct, 2019 12:00am

Palm oil up for fourth session

Malaysian palm oil futures closed higher on Friday, recovering from earlier losses, as gains in rival oils and a slightly weaker ringgit offset ongoing concerns over buying from India. The benchmark palm oil contract for January delivery on the Bursa Mala

Published 19 Oct, 2019 12:00am

FranceAgriMer raises wheat export outlook

Farm office FranceAgriMer sharply increased its forecast for French soft wheat exports this season, pointing to optimism among traders that a big harvest and competitive prices would let France expand overseas sales. In supply and demand projections relea

Published 19 Oct, 2019 12:00am

Raw sugar slips to three-week low; cocoa and coffee climb

Raw sugar futures on ICE fell to the lowest level in more than three weeks on Friday while cocoa prices rose after a record Asian third-quarter grind. March raw sugar was down 0.02 cents, or 0.2%, at 12.22 cents per lb at 1345 GMT after touching a low of

Published 19 Oct, 2019 12:00am

Gold rises in New York

Gold rose on Thursday as weak data from the United States rekindled fears of an economic slowdown and as concerns surfaced over possible risks to a new Brexit deal, while supply-squeezed palladium continued its record run. Spot gold was up 0.4% at $1,495.

Published 19 Oct, 2019 12:00am

Gold dips in Asia

Gold prices dipped on Friday as investors booked profit after the European Union forged a new Brexit deal with Britain, though a floor was kept under prices by uncertainties over trade negotiations and the global economy. Spot gold edged down by 0.1% to $

Published 19 Oct, 2019 12:00am

Gold steadies in Europe; palladium dips

Gold steadied on Friday, helped by a weaker dollar, with the possibility of a no-deal Brexit, uncertainties over U.S-China trade and fears of a global slowdown keeping bullion on track for a small weekly gain. Spot gold was unchanged at $1,491.52 an ounce

Published 19 Oct, 2019 12:00am

US MIDDAY: soya, wheat steady

Following are US trade expectations for the opening of grain and soya complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. Wheat steady to down 2 cents per bushel. Wheat seen weaker after most-active contract hit three-mont

Published 19 Oct, 2019 12:00am

US MIDDAY: gold little changed

Published 19 Oct, 2019 12:00am

Stocks

Australian shares extend falls

Australian shares ended lower for the second straight session on Friday as investors took money off the table after a recent rally and weak economic growth data out of China took a toll on energy stocks. The S&P/ASX 200 index closed 0.5% lower at 6,649.70

Updated 19 Oct, 2019 06:26am

Stocks

US stocks gain on upbeat earnings, geopolitical news

Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments. A broad-based rally led all three major US stock averages to moderate gains. Britain and the European Unio

Updated 19 Oct, 2019 06:34am

Stocks

China stocks have worst day in a month

China stocks fell on Friday, posting their steepest daily drop in a month to end the week lower, as weaker-than-expected GDP growth deepened worries over the health of the world's second largest economy amid a trade war that is more than a year old. The b

Updated 19 Oct, 2019 06:34am

Stocks

Hong Kong stocks fall

Hong Kong stocks weakened on Friday, tracking broader losses in other Asian markets following downbeat China growth data, but made weekly gains on hopes more measures would be taken to support the island city's economy amid months-long protests. The Hang

Updated 19 Oct, 2019 06:34am

Stocks

Treasuries erase earlier losses

US Treasuries reversed earlier price weakness on Thursday as concerns grew that Britain's parliament may not pass a deal designed to avoid a disorderly exit from the European Union. Britain secured a deal to leave the EU on Thursday after years of divisiv

Updated 19 Oct, 2019 06:34am

Stocks

Tech sector leads Nikkei to 10-month high

Japan's Nikkei hit a 10-month high on Friday after high-tech companies jumped on upbeat earnings from Taiwan's TSMC while the broader market ended lower, succumbing to profit-taking after weaker-than-expected Chinese GDP data. The Nikkei share average ros

Updated 19 Oct, 2019 06:33am

Stocks

String of weak earnings leave European stocks barely up

Gloomy earnings reports from French carmaker Renault and food group Danone drove European shares lower on Friday, rounding off a tumultuous week that left investors waiting anxiously for the next twist in the Brexit saga. The pan-European STOXX 600 index

Updated 19 Oct, 2019 06:33am

Stocks

Indian shares rise

Indian shares closed higher on Friday, led by gains in metal and state-owned banks while India's most valuable company, Reliance Industries Ltd, jumped to a record high during the session ahead of its September-quarter results announcement. The broader NS

Updated 19 Oct, 2019 06:33am

Stocks

Southeast Asian stocks fall

Most Southeast Asian stock markets closed lower on Friday after weak growth readings from China, while Indonesian stocks extended gains to a sixth day boosted by strength in the financial and consumer sectors. China, the region's largest trading partner,

Updated 19 Oct, 2019 06:33am

Stocks

FTSE feels IHG's pain amid caution ahead of Brexit vote

London-listed stocks ended a mixed week on a cautious note ahead of a make-or-break parliamentary vote on Brexit, while InterContinental Hotels and oil stocks weighed on the FTSE 100, which closed 0.4% lower. InterContinental shares fell 4.6% on Friday af

Updated 19 Oct, 2019 06:33am

Global Business Economy

Japan's inflation hits 2-1/2-year low

Japan's core consumer inflation slowed to near 2-1/2-year lows in September, dragged down by sliding energy prices and raising the chance the central bank will top up its already massive monetary stimulus at its review this month. The data will be among i

Updated 19 Oct, 2019 06:52am

Global Business Economy

Coca-Cola reports higher profits

Coca-Cola reported higher third-quarter profits Friday, citing solid sales of soda and innovative products like smaller drink cans that offset the hit from a strong dollar. The beverage giant lifted full year profit and sales targets, and Chief Executive

Updated 19 Oct, 2019 06:52am

General News

Thousands of Lebanese protest taxes, corruption; PM sets deadline

Thousands of protesters outraged by corruption and proposed tax hikes burned tyres and blocked major highways in Lebanon on Friday, prompting the premier to give his government partners three days to support a reform drive. Demonstrations that flared Thur

Published 19 Oct, 2019 12:00am

General News

Despite having enough food, humanity risks hunger 'crises'

Despite producing more food than it can consume, humanity risks a menacing mix of "food crises" brought on by social inequalities, environmental degradation, climate change and wars, a UN report warned Friday. After decades of steady decline, the number o

Published 19 Oct, 2019 12:00am

Money & Banking

Credit Suisse unveils negative rates on large deposits

Credit Suisse, Switzerland's second largest bank, said Friday it will apply negative interest rates to large cash deposits, effectively charging clients for holding their money. The bank pointed to ultra-low central bank rates as the reason for its unusua

Updated 19 Oct, 2019 06:35am

Telecommunication

Reliance profits jump

Indian conglomerate Reliance Industries on Friday reported an 18.3 percent rise in consolidated net profit due to a better-than-expected refining margin and growth in its consumer-facing business. The Mumbai-based company owned by Asia's richest man Mukes

Updated 19 Oct, 2019 07:52am

Money & Banking

European governments move to veto Facebook's digital money

Major European players are joining forces to block Facebook's proposed digital currency because of the dangers it poses to national sovereignty, French Economy Minister Bruno Le Maire announced Friday, The firm opposition from France, Italy and Germany ad

Updated 19 Oct, 2019 06:55am

Money & Banking

Kyrgyz central bank turns to folk music to teach about economy

Kyrgyzstan's central bank has commissioned well-known folk performers to sing about inflation and interest rates in an ad campaign aimed at improving financial literacy in the Central Asian country. In the first ad, running on television and online, popul

Updated 19 Oct, 2019 06:54am

Global Business Economy

China's growth slows to 6 percent in Q3, weakest in 27 years

China's economy expanded at its slowest rate in nearly three decades during the third quarter as it was hit by the long-running US trade war and cooling domestic demand, data showed Friday, with an official warning of "mounting downward pressure". With Ch

Updated 19 Oct, 2019 06:52am

General News

California unveils early warning earthquake app

California on Thursday launched the country's first earthquake warning system in the hope that residents will be alerted within seconds of a possible impending disaster and can "drop, cover and hold on."

Published 19 Oct, 2019 12:00am

General News

Johnson tells MPs 'no better outcome' than his Brexit deal

British Prime Minister Boris Johnson warned Friday there was "no better outcome" to the tortuous Brexit process than his divorce deal, as he scrambled to get MPs behind the agreement ahead of a knife-edge vote in parliament.

Published 19 Oct, 2019 12:00am

General News

Longest non-stop flight to take off from New York to Sydney

A plane and its passengers are set to test the mental and physical limits of long-haul aviation when Qantas operates the first direct flight by a commercial airline from New York to Sydney this weekend.

Published 19 Oct, 2019 12:00am

General News

Clashes erupt in Barcelona as half a million separatists rally

Hundreds of masked youths clashed angrily with police in Barcelona on the sidelines of a mass march which drew more than half a million people in protest over Spain's jailing of nine Catalan separatist leaders. It was the biggest gathering since Monday's

Published 19 Oct, 2019 12:00am

General News

Ghana flooding leaves 28 dead

Floods caused by eight days of torrential downpours in northeastern Ghana have left 28 people dead and displaced hundreds, officials said Friday. "At the moment the death toll is 28. About 640 people in some six communities have been displaced and we are

Published 19 Oct, 2019 12:00am

General News

Trump announces departure of Energy Secretary Rick Perry

Donald Trump said Thursday that Energy Secretary Rick Perry, who has been caught up in the impeachment probe engulfing the US president, was standing down, marking the latest departure of a senior administration figure.

Published 19 Oct, 2019 12:00am

General News

Pro-Pyongyang students break into US envoy's residence in Seoul

Nearly 20 pro-Pyongyang South Korean students broke into the US ambassador's residence in Seoul Friday, displaying banners demanding Harry Harris leave the country in an embarrassing security breach.

Published 19 Oct, 2019 12:00am

General News

Mexico admits freeing Chapo's son after 'badly planned' operation

Mexico's president faced a firestorm of criticism Friday as his security forces confirmed they arrested kingpin Joaquin "El Chapo" Guzman's son, then released him when his cartel responded with an all-out gun battle.

Published 19 Oct, 2019 12:00am

General News

Mexico deports 311 Indian nationals in 'unprecedented' move

More than 300 Indian nationals who paid tens of thousands of dollars each trying to get into the United States arrived in New Delhi Friday after an "unprecedented" mass deportation by Mexico. The move, which saw those deported flown back to the capital on

Published 19 Oct, 2019 12:00am

General News

No US ground force to enforce Syria safe zone: Pentagon

The United States is pressing ahead with its withdrawal from northeast Syria and no US ground troops will enforce the safe zone called for in the ceasefire agreement reached with Turkey, the Pentagon said Friday.

Published 19 Oct, 2019 12:00am

General News

Erdogan threatens to restart Syria operation if deal not respected

Turkish President Recep Tayyip Erdogan Friday warned that Ankara would restart its operation against Kurdish forces in Syria on Tuesday evening if they did not withdraw from a "safe zone".

Published 19 Oct, 2019 12:00am

Telecommunication

PAC subcommittee informed: Communication ministry, attached depts facing fund shortage

Federal Secretary Ministry of Communication, Jawad Rafiq Friday revealed that the ministry and attached departments are facing serious fund shortage because of slow releases by the Ministry of Finance and as a result important projects are facing delay. T

Updated 19 Oct, 2019 07:57am

Business & Economy

NA panel to approach PM for retrieving Pakistan Post's land

The National Assembly's Standing Committee on Postal Services Friday decided to approach Prime Minister Imran Khan for the retrieval of Pakistan Post's land allegedly grabbed by the land mafia in different parts of the country.

Published 19 Oct, 2019 12:00am

General News

PTM leadership reluctant as government seeks to engage in dialogue

The Pakistan Tehreek-e-Insaf (PTI) government has decided to once again engage with Pashtun Tahafuz Movement (PTM) in dialogue, it is learnt.

Published 19 Oct, 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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