News Archives for Print - 2019-11-02

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 02 Nov, 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 02 Nov, 2019 12:00am

Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Updated 02 Nov, 2019 06:09am

CBOT corn futures weaker

Chicago Board of Trade (CBOT) corn futures eased slightly on Thursday on expectations that drier US weather may help farmers advance their harvests next month, traders said.

Published 02 Nov, 2019 12:00am

Energy

European gasoline margins fall

Northwest European gasoline refining margins fell on Thursday as European inventories dropped.

Updated 02 Nov, 2019 06:48am

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,272.

Published 02 Nov, 2019 12:00am

CBOT wheat futures fall

Chicago Board of Trade (CBOT) wheat futures ended a bit lower on Thursday under pressure from technical selling, while K.C. hard red winter wheat and MGEX spring wheat firmed, traders said.

Published 02 Nov, 2019 12:00am

EU wheat prices fall while exports to be slow

European wheat prices eased on Thursday, weakened by a fall in Chicago and expectations that EU exports may slow in coming weeks, dealers said. Front month December on Paris-based Euronext milling wheat futures settled down 0.6% at 178.00 euros ($198.47)

Published 02 Nov, 2019 12:00am

Energy

US natural gas futures fall from 7-month high

US natural gas futures extended losses on Thursday, falling more than 1%, following the release of a federal report showing a slightly bigger-than-expected storage build last week.

Updated 02 Nov, 2019 06:48am

Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 159,617 tonnes of cargo comprising 107,853 tonnes of import cargo and 51,764 tonnes of export cargo including 5,280 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.

Published 02 Nov, 2019 12:00am

Cotton & Textile

Steady trend witnessed on cotton market

Prices maintained steady trend on the cotton market on Friday in the process of trading activity, dealers said.

Updated 02 Nov, 2019 06:49am

China's iron ore futures rise from two-day loos

China's iron ore futures rose as much as 1.6% on Thursday, recovering from a two-day loss, as sentiment was lifted by firm demand from downstream sectors.

Published 02 Nov, 2019 12:00am

General News

Fugitive Malaysian 1MDB financier offered asylum: spokesperson

A Malaysian financier wanted for his role in the multi-billion-dollar 1MDB financial scandal has been offered asylum abroad, his spokesman said Friday, as reports surfaced he was in the Middle East. The news came a day after US officials announced that Lo

Updated 02 Nov, 2019 06:50am

General News

Four killed in Halloween party shooting in California

Four people were killed and several others were wounded in a shooting at a Halloween party at a rental home near San Francisco, local authorities said. The shooting Thursday night took place at a rented Airbnb home in Orinda, around 18 miles (30 km) north

Updated 02 Nov, 2019 06:52am

General News

French yellow vests hold national assembly

Some 600 yellow vest protest organisers from across France gathered in Montpellier on Friday for a national assembly to debate the future of their movement. The gathering in a former museum in the southern French city, which goes on until Sunday, comes ah

Updated 02 Nov, 2019 06:54am

General News

Minoan treasures found on Libyan Sea island: experts

Archaeologists in Greece have located a "major treasure" of Minoan origin in a Bronze Age settlement on a small island in the Libyan Sea, the culture ministry said Friday. A team excavating on the tiny island of Chrysi south of Crete for over a decade hav

Updated 02 Nov, 2019 06:55am

General News

US Interior Department grounds Chinese-made drones

The US Department of the Interior has grounded its fleet of Chinese-made drones as it conducts a review of the program. Nick Goodwin, an Interior Department spokesman, did not provide a reason for the decision but it comes amid US security concerns over C

Updated 02 Nov, 2019 06:55am

General News

Iran's FM says new US sanctions show 'maximum failure'

Iranian Foreign Minister Mohammad Javad Zarif said Friday that the latest round of US sanctions against the Islamic republic show the "maximum failure" of Washington's anti-Iran policy. Washington extended its sanctions on Iran on Thursday by targeting it

Updated 02 Nov, 2019 06:56am

General News

Russia shuts down top rights group amid crackdown on critics

Russia's Supreme Court on Friday issued a ruling to wind up the operations of a respected rights group, sparking outrage amid an increasing crackdown on campaigners and the opposition. The group, For Human Rights, vowed to appeal the ruling, which is the

Updated 02 Nov, 2019 06:56am

General News

Algeria protesters call for 'new independence'

Demonstrators converged on Algiers in their thousands for a massive anti-government rally called to coincide with official celebrations of the anniversary of the war that won Algeria's independence from France. Protesters flooded the streets in numbers re

Updated 02 Nov, 2019 07:02am

General News

Russian Superjet lands safely in Siberia

A Russian Superjet 100 plane with 80 passengers made an emergency landing in Siberia after an engine failed, an airline spokeswoman told RIA Novosti news agency on Friday. The engine fault on the plane flying from the Siberian city of Tyumen to Saint Pete

Updated 02 Nov, 2019 07:02am

Money & Banking

First day on the job for ECB chief Christine Lagarde

Christine Lagarde took over Friday as president of the European Central Bank, replacing Italy's Mario Draghi, as the institution has been riven by a return to easy money policies to stoke inflation and ward off recession. The former French finance ministe

Updated 02 Nov, 2019 07:02am

General News

Biden support slips in Iowa as Buttigieg surges

Joe Biden's grip on the 2020 Democratic nomination race loosened Friday in early-voting Iowa with a poll showing him slipping to fourth place behind leader Elizabeth Warren, and overtaken by small-town mayor Pete Buttigieg. Biden, the centrist former US v

Updated 02 Nov, 2019 07:03am

General News

Trump to move permanent residence to Florida

US President Donald Trump announced Thursday that he will change his permanent residence from New York to Palm Beach, Florida, claiming he had been "treated very badly" in his native city. "My family and I will be making Palm Beach, Florida, our Permanent

Updated 02 Nov, 2019 07:04am

General News

Indian journalists reported among targets of alleged NSO Group WhatsApp hack

The Committee to Protect Journalists is alarmed by news reports that several journalists in India have been notified that they were among the targets of suspicious WhatsApp contact that may have been used to install advanced surveillance technology on the

Updated 02 Nov, 2019 07:04am

Stocks

Australian shares suffer first weekly loss in three

Australian shares ended higher on Friday, but a sell-off in banks this week dragged the benchmark to its first weekly loss in three.

Updated 02 Nov, 2019 07:05am

Stocks

Nikkei slips; Keyence, Nintendo shine

Japan's benchmark Nikkei share average fell on Friday as fresh concerns over the prospects for a US-China trade deal lifted the safe-haven yen against the dollar, hitting exporters and other cyclical stocks.

Updated 02 Nov, 2019 07:07am

Stocks

Friday's mid-afternoon trade: Jobs data, trade progress boost S&P, Nasdaq to records

US stocks climbed on Friday as the S&P hit an intraday record for the fourth time this week after an upbeat US jobs report and data on Chinese manufacturing lessened concerns about slowing global growth.

Updated 02 Nov, 2019 07:07am

Stocks

Wall Street retreats from record on trade cloudiness

US stocks fell on Thursday as conflicting tones surrounding a possible trade deal between the United States and China eclipsed strong earnings reports from Apple and Facebook.

Updated 02 Nov, 2019 07:08am

Stocks

Sri Lankan shares post 10-month high

Sri Lankan shares rose on Friday in high turnover and closed at their highest in 10 months, as investors took positions two weeks ahead of presidential polls, analysts said.

Updated 02 Nov, 2019 07:10am

Stocks

Treasury yields notch biggest daily drop in three months

Two- and 10-year US Treasury yields on Thursday recorded their biggest daily drop since Aug. 5 on trade fears and in the wake of an interest rate cut by the US central bank.

Updated 02 Nov, 2019 07:11am

Stocks

China stocks end higher

Chinese shares rose on Friday to finish the week higher on stronger-than-expected factory activity data and growing optimism around a potential trade deal between the United States and China.

Updated 02 Nov, 2019 07:11am

Stocks

Hong Kong shares hit 6-week high

Hong Kong's main stock index closed at its highest level in over six weeks on Friday as a surprise rise in factory activity in mainland China and increased hopes of a US-China trade agreement cheered investors.

Updated 02 Nov, 2019 07:12am

Stocks

Indian shares up

Indian shares closed slightly higher on Friday, helped by growing expectation of better December-quarter corporate earnings on the back of solid results for the July-September period.

Updated 02 Nov, 2019 07:12am

Stocks

European shares end week on cheery note after US and Chinese data

European shares clocked their best day in over a week on Friday, as upbeat jobs data from the United States and a surprise bounce in Chinese manufacturing tempered nerves around slowing global growth.

Updated 02 Nov, 2019 07:14am

Stocks

Most SE Asian stocks fall; Vietnam gains

Most Southeast Asian stock markets retreated on Friday, as investors fled risky assets after China expressed doubts over signing a comprehensive trade deal with the United States, while Vietnam surged buoyed by gains in real estate shares.

Updated 02 Nov, 2019 07:15am

Stocks

FTSE rebounds as oil and mining stocks shine

Oil heavyweights and miners led the charge on London's FTSE 100 on Friday as Chinese factory data and a stronger than expected US employment report helped the index to bounce back from its worst session in a month.

Updated 02 Nov, 2019 07:15am

Global Business Economy

China plans to let foreign-funded firms raise more funds to boost foreign investment

China plans to let foreign-funded firms raise money via stock and bond issuance both in China and overseas, and let them freely repatriate profits, a ministry website showed on Friday, as it moves to encourage foreign investment in the country. The Minist

Published 02 Nov, 2019 12:00am

ILO says tobacco funding halted, for now

The UN labour organisation has agreed not to renew controversial funding from tobacco companies for charitable programmes, but has left the door open to cooperating with the industry on future projects. The International Labour Organization (ILO) Governin

Published 02 Nov, 2019 12:00am

Global Business Economy

Uber facing ban in Geneva

The Swiss canton of Geneva said Friday it had classified ride-hailing giant Uber as an employer, ordering a halt to its activities unless it pays the social charges for its drivers. The head of security, employment and health in the cantonal government, M

Published 02 Nov, 2019 12:00am

Global Business Economy

Alibaba's revenue growth eases in second quarter

Chinese e-commerce giant Alibaba said second quarter revenue growth slowed to 40 percent on-year Friday, although net profits more than tripled thanks in part to a one-time payment from a fintech affiliate. Total revenue was 119 billion yuan ($16.9 billi

Published 02 Nov, 2019 12:00am

Global Business Economy

French jobless squeezed as Macron cuts benefits

Hundreds of thousands of jobless French people stand to lose some of their benefits under reforms introduced by President Emmanuel Macron's government that took effect Friday. The new rules, which Macron has defended as necessary to get the unemployed bac

Published 02 Nov, 2019 12:00am

Money & Banking

Canada credit union data breach bigger than first thought: Desjardins

A massive data breach last year at Desjardins credit union has turned out to be bigger than originally thought, affecting all 4.2 million of its customers, Canada's largest banking co-operative said Friday. Quebec provincial police "informed us that this

Updated 02 Nov, 2019 07:18am

IT & Computers

Apple TV+ seeks stardom on streaming service stage

Apple moved into new territory Friday with a streaming television service that features a budding library of original shows starring big-name celebrities, aimed at winning over its gadget lovers at home and on the go. The Apple TV+ on-demand streaming ser

Published 02 Nov, 2019 12:00am

Global Business Economy

US October job growth beats expectations despite GM strike

US job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere and hiring in the prior two months was stronger than previously estimated, offering some assurance that consumers would continue t

Published 02 Nov, 2019 12:00am

Global Business Economy

Global factory woes persist in October

Factory activity in key global economies contracted again in October as cooling demand and trade tensions kept policymakers busy trying to dodge recession. Purchasing managers' index reports from the United States, Japan, South Korea and the United Kingdo

Updated 02 Nov, 2019 06:06am

England claim first blood in New Zealand T20 series

A maiden half century from James Vince powered England to a convincing seven-wicket victory over New Zealand in the opening Twenty20 international in Christchurch on Friday.

Published 02 Nov, 2019 12:00am

Other

Warner leads Australia to T20 clean-sweep

Australia cruised past Sri Lanka to clean-sweep their three-match Twenty20 series Friday, with an in-form David Warner grinding out a third successive half-century in the seven wicket win.

Published 02 Nov, 2019 12:00am

Other

Komal Khan clinches KP U-19 Squash Championship

Komal Khan clinched the trophy after defeating Nimra Aqeel in the final of the Khyber Pakhtunkhwa Girls Under-19 Squash Championship played here at PAF Hashim Khan Squash Complex on Friday. Palestinian delegation of the Palestinian Sports Journalist Assoc

Published 02 Nov, 2019 12:00am

Other

Pliskova, Svitolina through to semi finals in Shenzhen

Karolina Pliskova overcame a mid-match stutter to book a semi-final showdown with world number one Ashleigh Barty after a three-set victory over Simona Halep at the WTA Finals on Friday.

Published 02 Nov, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	157.10
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.25
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
India Sensex / Dec 23	78,540.17
Tokyo Nikkei / Dec 23	39,055.35
Nasdaq / Dec 23	19,764.89
Hang Seng / Dec 23	20,105.38
FTSE 100 / Dec 23	8,102.72
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77

Item	Value
Crude Oil USD/Barrel / Dec 23	69.60
Karachi Cotton PKR/37.32 KG / Dec 23	17,785
Gold 10 Grams PKR / Dec 23	241,087.80
Gold Spot USD/Ounce / Dec 23	2,617.29
Cotton US¢/pound / Dec 23	69.11
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.98 ▲ 0.48 (10.67%)
PICIC Ins.Ltd. / Dec 24 PICIC Insurance Limited(PIL)	2.10 ▲ 0.20 (10.53%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Power Cem(Pref) / Dec 24 Power Cement (Pref)(POWERPS)	13.50 ▲ 1.23 (10.02%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Liven Pharma / Dec 24 Liven Pharma Limited(LIVEN)	102.93 ▲ 9.36 (10.00%)
MithchellsFruit / Dec 24 Mitchells Fruit Farms Limited(MFFL)	248.61 ▲ 22.60 (10.00%)
Pak Datacom / Dec 24 Pak Datacom Limited(PAKD)	152.17 ▲ 13.83 (10.00%)
Pak Paper Prod / Dec 24 Pakistan Paper Products Limited(PPP)	102.38 ▲ 9.31 (10.00%)

Stock	Price
Dewan Textile / Dec 24 Dewan Textile Mills Limited(DWTM)	6.31 ▼ -0.80 (-11.25%)
First Elite Cap.Mod / Dec 24 First Elite Capital Modaraba(FECM)	6.12 ▼ -0.72 (-10.53%)
Aisha Steel(ConPS) / Dec 24 Aisha Steel(ConPS)(ASLPS)	11.60 ▼ -1.29 (-10.01%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
Al-Khair Gadoon / Dec 24 Al-Khair Gadoon Limited(AKGL)	41.71 ▼ -4.63 (-9.99%)
Arctic Textile / Dec 24 Arctic Textile Mills Limited(ARCTM)	21.62 ▼ -2.40 (-9.99%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	39.60 ▼ -4.37 (-9.94%)
Asia Ins. / Dec 24 Asia Insurance Company Limited(ASIC)	12.65 ▼ -1.34 (-9.58%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	71,053,052 ▼ -0.01
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.12
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -0.33
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.07
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	35,018,939 ▲ 0.81
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -0.31
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	29,230,026 ▼ -0.30
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.06
Pak Refinery / Dec 24 Pakistan Refinery Limited(PRL)	25,914,203 ▼ -0.25

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