News Archives for Print - 2019-10-25

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 25 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 25 Oct, 2019 12:00am

Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Updated 25 Oct, 2019 07:37am

General News

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 Oct, 2019 12:00am

Stocks

Financial stocks elevate Egypt, most of Gulf quiet

The Egyptian stock market rebounded on Thursday, getting a boost from financials, while most major Gulf markets were little changed. The Egyptian blue-chip index rose 0.6%, with 23 of its 30 stocks in the black. Non-Arab foreigners were the net buyers of

Updated 25 Oct, 2019 07:40am

Stocks

Thursday's early afternoon trade: Stocks mixed on earnings reports; trade worries resurface

The S&P 500 and Nasdaq index rose on Thursday, boosted by gains in Microsoft and PayPal, but Vice President Mike Pence's comments on China rekindled worries ahead of trade talks. Pence accused China of curtailing "rights and liberties" in Hong Kong in a w

Updated 25 Oct, 2019 07:31am

Stocks

Wall Street ticks higher, but chip stocks tumble

US stocks edged higher on Wednesday as investors shrugged off lacklustre quarterly reports from industrial bellwethers Boeing Co and Caterpillar Inc, though a lower-than-expected revenue outlook from Texas Instruments Inc sent chipmakers' shares lower. Sh

Updated 25 Oct, 2019 07:31am

Stocks

Indian stocks lower

Indian shares gave up early gains to close a tick lower on Thursday, weighed by a sharp drop in banking stocks as investors sifted through a slew of corporate earnings ahead of festive season. The broader NSE index ended 0.19% lower at 11,582.60, while th

Updated 25 Oct, 2019 07:32am

Stocks

Treasury yields recover

US Treasury yields recovered from session lows to close little changed on Wednesday in generally thin trading, as investors consolidated positions amid an overall lack of new catalysts to spur the market in either direction. Early in the session, US yield

Updated 25 Oct, 2019 08:19am

Stocks

Nikkei rallies to over one-year high

Japan's Nikkei index rallied to its highest level in more than a year on Thursday, as investors bought back recently beaten down semiconductor-related shares on optimism for improved corporate earnings. The Nikkei benchmark share average ended up 0.55% at

Updated 25 Oct, 2019 07:45am

Stocks

China stocks flat

China stocks ended flat on Thursday in lacklustre trading, as investors awaited more policy signals ahead of a key meeting of the ruling Communist Party next week. The blue-chip CSI300 index was unchanged at 3,870.67, while the Shanghai Composite Index wa

Updated 25 Oct, 2019 07:45am

Stocks

Shares gain in Europe, with no surprises from Draghi's last meet

With no fireworks from European Central Bank chief Mario Draghi's last policy meeting on Thursday, encouraging results from German heavyweights and British drugmaker AstraZeneca drove European stocks to their strongest close since January 2018. Frankfurt

Updated 25 Oct, 2019 07:44am

Stocks

Southeast Asian stocks up; Indonesia hits 6-week high

Indonesian stocks rose for the tenth straight session on Thursday to hit a six-week high, following a widely-expected rate cut by the archipelago's central bank, while Singapore gained on hopes of an economic recovery in the city-state. Leading the gains

Updated 25 Oct, 2019 07:45am

Stocks

FTSE 100 heads for best weekly performance in nine months

London's exporter-heavy FTSE 100 jumped along with its European counterparts on strong French manufacturing data, while a sharp rise for AstraZeneca after a 2019 forecast upgrade and a slide in sterling amid Brexit woes also lent support. The blue-chip in

Updated 25 Oct, 2019 07:45am

Global Business Economy

Eurozone business activity stagnates

Eurozone business activity stagnated in October as demand withered, according to a downbeat survey published on Thursday hours before European Central Bank President Mario Draghi makes his swansong appearance. In September, the ECB cut its deposit rate de

Updated 25 Oct, 2019 08:21am

IT & Computers

Twitter tumbles as 'bugs' hit revenue growth

Twitter shares plunged Thursday after reporting glitches that impacted its ad-targeting ability, pulling down revenue growth in the past quarter. Profit for the third quarter was $37 million, a sharp drop from last year when the online messaging platform

Updated 25 Oct, 2019 06:39am

IT & Computers

Cloud computing gains drive up profit for Microsoft

Microsoft reported Wednesday that quarterly profits rose on the back of its thriving cloud computing business which has become a core focus for the US technology giant. Profits rose 21 percent to $10.7 billion in the recently ended quarter as revenue incr

Updated 25 Oct, 2019 07:19am

Money & Banking

Trump again attacks Fed, says central bank 'derelict in its duties'

President Donald Trump once again attacked the US Federal Reserve on Thursday, calling for more interest rate cuts to stimulate the American economy just days before the key policy meeting. "The Federal Reserve is derelict in its duties if it doesn't lowe

Updated 25 Oct, 2019 07:46am

Telecommunication

Nokia shares plunge on lower earnings forecast

Shares in Nokia tumbled 20 percent on Thursday after the Finnish telecommunications equipment maker cut its earnings forecast in the face of intense competition to build the latest 5G mobile networks. While returning to profit in the third quarter, the co

Updated 25 Oct, 2019 07:14am

Global Business Economy

US business investment still weak; jobless claims fall

New orders for key US-made capital goods fell more than expected in September and shipments also declined, a sign that business investment remains soft amid the fallout from the US-China trade war but other data on Thursday showed the spat has yet to have

Updated 25 Oct, 2019 08:22am

Money & Banking

'Never give up': Draghi sums up hard-fought term

Departing European Central Bank president Mario Draghi said Thursday the proudest legacy from his eight-year term was the ability to "never give up" in the face of economic crises, internal dissent and external criticism. "In a sense, this is a part of ou

Updated 25 Oct, 2019 07:46am

Other

Pakistan take on Bangladesh in U-16 series today

The Pakistan Under-16 cricket team will take on Bangladesh Under-16 in a three-day fixture at the Khan Research Laboratories Stadium (KRL) in Rawalpindi from Friday (today).

Published 25 Oct, 2019 12:00am

Other

Pakistan in Group C as ICC U-19 Cricket WC plan announced

Two-time winners Pakistan will play Scotland in their opening match of the ICC Under-19 Cricket World Cup 2020 at the University Oval, Potchefstroom on 19th January. The tournament schedule was announced on Thursday by the International Cricket Council.

Published 25 Oct, 2019 12:00am

Money & Banking

Pound pauses for breath in Asia

The British pound stabilised on Thursday as the Brexit project entered a fresh holding pattern, while the dollar held firm as traders took a breather from Sino-US trade headlines.

Updated 25 Oct, 2019 07:45am

Money & Banking

Euro weakens, dollar steadies in Europe

The euro erased its earlier gains on Thursday after business surveys pointed to stagnating economic momentum in the eurozone, ahead of Mario Draghi's final news conference as president of the European Central Bank.

Updated 25 Oct, 2019 07:44am

Money & Banking

Early trade in New York: Euro falls against dollar

Despite some optimism from Mario Draghi's final news conference as president of the European Central Bank, the euro fell against the dollar on Thursday, pulled down by business surveys which point to stagnating economic momentum in the eurozone.

Updated 25 Oct, 2019 07:44am

Money & Banking

Pound, euro stabilise against dollar in New York

The British pound and the euro both stabilised against the US dollar on Wednesday as European Union leaders delayed a decision on whether to grant Britain a three-month Brexit extension.

Updated 25 Oct, 2019 08:07am

Money & Banking

Australian, New Zealand dollars steady

The Australian and New Zealand dollars were becalmed on Thursday as a lack of progress on either Brexit or the Sino-US trade dispute sucked all the momentum out of the market.

Updated 25 Oct, 2019 08:08am

Money & Banking

Latam FX index up to 11-week peak

Mexico's peso scaled nearly a three-month high against a stronger dollar on Thursday, while Brazil's real touched its highest in more than two months, taking an index of Latin American currencies up 1%.

Updated 25 Oct, 2019 08:14am

Money & Banking

Most Asian currencies inch up

Most Asian currencies edged up on Thursday ahead of central bank policy meetings and in the absence of new signals or developments in the Sino-US trade war and the Brexit saga.

Updated 25 Oct, 2019 08:14am

Money & Banking

SA's rand down

South Africa's rand traded marginally weaker on Thursday, in line with global currency markets ahead of some important central bank meetings, and in the absence of new signals from the Sino-US trade war and the Brexit saga.

Updated 25 Oct, 2019 08:14am

Money & Banking

Sterling whipsaws after Johnson calls for UK election

The British pound boomeranged on Thursday following Prime Minister Boris Johnson's call for a national election, plunging then recouping some losses to land half a percent lower on the day against the dollar.

Updated 25 Oct, 2019 08:17am

Canadian canola futures higher

ICE Canada canola futures inched higher on Wednesday, driven mainly by spread-related trading. Benchmark November canola futures settled up 40 cents at $454.00 per tonne, holding above the 100-day moving average.

Published 25 Oct, 2019 12:00am

CBOT soyabean futures flat

Chicago Board of Trade soyabean futures ended near unchanged on Wednesday as rising supplies from an accelerating US harvest overshadowed optimism that China, the world's top soya importer, would ramp up US purchases, traders said.

Published 25 Oct, 2019 12:00am

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,197.

Published 25 Oct, 2019 12:00am

Euronext wheat edges lower from 3-month high

Euronext wheat futures edged lower on Wednesday, consolidating below a three-month high struck this week, as traders set expected export sales from international tenders against the need for the European Union to clear a hefty harvest surplus.

Published 25 Oct, 2019 12:00am

Energy

US natural gas unchanged for less cold weather

US natural gas futures traded within a few cents of unchanged on Wednesday as forecasts for less cold weather and heating demand during the first week of November offset expectations of more cold during the last week of October.

Updated 25 Oct, 2019 08:10am

Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 129,016 tonnes of cargo comprising 96,476 tonnes of import cargo and 32,540 tonnes of export cargo including 12 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 25 Oct, 2019 12:00am

Cotton & Textile

Brisk business activity on cotton market

Brisk activity was seen on the cotton market on Thursday as mills showed interest in fresh buying of lint cotton, dealers said.

Updated 25 Oct, 2019 08:11am

Dry spell, sun to improve Ivory Coast cocoa main crop

Lighter rains mixed with sunshine across most of Ivory Coast's cocoa-growing regions will boost the October-to-March main crop after weeks of heavy rain caused disease to spread, farmers said on Monday.

Published 25 Oct, 2019 12:00am

General News

Warren, Biden top new 2020 Democratic presidential polls

Progressive Massachusetts Senator Elizabeth Warren tops the field for the 2020 Democratic presidential nomination in a new poll, though other voter surveys have former vice president Joe Biden in the lead. The fresh surveys landed as one of the race's low

Published 25 Oct, 2019 12:00am

General News

Young Britons 'tuning out' the BBC, regulator warns

Britain's venerable BBC may lose its relevance if it fails to engage a younger audience in the social media age, the UK broadcasting regulator warned Thursday. For the first time, less than half (49 percent) of Britons between the ages of 16 and 24 report

Published 25 Oct, 2019 12:00am

General News

UK PM offers December 12 election to break Brexit impasse

British Prime Minister Boris Johnson on Thursday offered parliament more time to scrutinise his Brexit deal if it agrees to hold a snap general election on December 12. The premier suspended debates on his EU divorce deal after MPs on Tuesday refused to r

Published 25 Oct, 2019 12:00am

General News

Urging tougher stand on China, Pence blasts NBA

US Vice President Mike Pence on Thursday sharply denounced the NBA for not speaking out more forcefully on China as he vowed support for Hong Kong's pro-democracy protesters. In a wide-ranging speech on US-China relations, Pence lashed Beijing over its tr

Published 25 Oct, 2019 12:00am

General News

Hackers target UN humanitarian organizations

Hackers are targeting United Nations and humanitarian aid workers with a scheme designed to trick members into revealing passwords, security researchers said Thursday. A report released by cybersecurity firm Lookout said the campaign aimed at UN-connected

Published 25 Oct, 2019 12:00am

General News

Jimmy Carter released from hospital

Former US president Jimmy Carter has been released from hospital, three days after suffering a fall at his home, The Carter Center said Thursday. The 95-year-old suffered a "minor pelvic fracture" in the fall at his home in Plains, Georgia, on Monday and

Published 25 Oct, 2019 12:00am

General News

Yesterday's news: Trump cancels Times, Post

President Donald Trump doesn't like what he reads in two of America's biggest newspapers, The New York Times and Washington Post - so he won't be getting them anymore. "We did not renew our subscription, that is correct. This will be a significant cost sa

Published 25 Oct, 2019 12:00am

General News

Mass protest held in Guinea against president

Crowds of protesters marched through the Guinean capital of Conakry on Thursday in the latest round of demonstrations against President Alpha Conde, accused of trying to circumvent a bar on a third term in office. Organisers said a million participants to

Published 25 Oct, 2019 12:00am

General News

Kurdish forces start Syria-Turkey border pullback

Kurdish forces in northeastern Syria left several positions along the extensive border with Turkey on Thursday, complying with a deal that sees Damascus, Ankara and Moscow carve up their now-defunct autonomous region. Even as troops withdrew, the Kurds' t

Published 25 Oct, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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