AIRLINK 154.50 Increased By ▲ 4.25 (2.83%)
BOP 9.97 Decreased By ▼ -0.15 (-1.48%)
CNERGY 7.29 Decreased By ▼ -0.13 (-1.75%)
CPHL 78.24 Increased By ▲ 7.11 (10%)
FCCL 47.39 Increased By ▲ 1.68 (3.68%)
FFL 14.60 Increased By ▲ 0.26 (1.81%)
FLYNG 40.87 Increased By ▲ 3.72 (10.01%)
HUBC 138.80 Increased By ▲ 0.45 (0.33%)
HUMNL 12.70 Increased By ▲ 0.16 (1.28%)
KEL 4.33 Decreased By ▼ -0.23 (-5.04%)
KOSM 5.22 Increased By ▲ 0.23 (4.61%)
MLCF 75.72 Increased By ▲ 6.07 (8.72%)
OGDC 218.49 Increased By ▲ 15.48 (7.63%)
PACE 5.22 Decreased By ▼ -0.16 (-2.97%)
PAEL 45.36 Increased By ▲ 1.12 (2.53%)
PIAHCLA 14.80 Increased By ▲ 1.35 (10.04%)
PIBTL 8.63 Increased By ▲ 0.01 (0.12%)
POWER 15.09 Increased By ▲ 0.11 (0.73%)
PPL 168.03 Increased By ▲ 15.28 (10%)
PRL 29.60 Increased By ▲ 2.58 (9.55%)
PTC 20.00 Increased By ▲ 0.71 (3.68%)
SEARL 82.57 Increased By ▲ 7.51 (10.01%)
SSGC 33.51 Increased By ▲ 3.05 (10.01%)
SYM 14.25 Increased By ▲ 0.30 (2.15%)
TELE 7.04 Increased By ▲ 0.13 (1.88%)
TPLP 8.31 Increased By ▲ 0.31 (3.88%)
TRG 63.51 Increased By ▲ 1.61 (2.6%)
WAVESAPP 9.06 Increased By ▲ 0.12 (1.34%)
WTL 1.25 Decreased By ▼ -0.07 (-5.3%)
YOUW 3.64 Decreased By ▼ -0.09 (-2.41%)
AIRLINK 154.50 Increased By ▲ 4.25 (2.83%)
BOP 9.97 Decreased By ▼ -0.15 (-1.48%)
CNERGY 7.29 Decreased By ▼ -0.13 (-1.75%)
CPHL 78.24 Increased By ▲ 7.11 (10%)
FCCL 47.39 Increased By ▲ 1.68 (3.68%)
FFL 14.60 Increased By ▲ 0.26 (1.81%)
FLYNG 40.87 Increased By ▲ 3.72 (10.01%)
HUBC 138.80 Increased By ▲ 0.45 (0.33%)
HUMNL 12.70 Increased By ▲ 0.16 (1.28%)
KEL 4.33 Decreased By ▼ -0.23 (-5.04%)
KOSM 5.22 Increased By ▲ 0.23 (4.61%)
MLCF 75.72 Increased By ▲ 6.07 (8.72%)
OGDC 218.49 Increased By ▲ 15.48 (7.63%)
PACE 5.22 Decreased By ▼ -0.16 (-2.97%)
PAEL 45.36 Increased By ▲ 1.12 (2.53%)
PIAHCLA 14.80 Increased By ▲ 1.35 (10.04%)
PIBTL 8.63 Increased By ▲ 0.01 (0.12%)
POWER 15.09 Increased By ▲ 0.11 (0.73%)
PPL 168.03 Increased By ▲ 15.28 (10%)
PRL 29.60 Increased By ▲ 2.58 (9.55%)
PTC 20.00 Increased By ▲ 0.71 (3.68%)
SEARL 82.57 Increased By ▲ 7.51 (10.01%)
SSGC 33.51 Increased By ▲ 3.05 (10.01%)
SYM 14.25 Increased By ▲ 0.30 (2.15%)
TELE 7.04 Increased By ▲ 0.13 (1.88%)
TPLP 8.31 Increased By ▲ 0.31 (3.88%)
TRG 63.51 Increased By ▲ 1.61 (2.6%)
WAVESAPP 9.06 Increased By ▲ 0.12 (1.34%)
WTL 1.25 Decreased By ▼ -0.07 (-5.3%)
YOUW 3.64 Decreased By ▼ -0.09 (-2.41%)
BR100 12,627 Increased By 224.5 (1.81%)
BR30 37,264 Increased By 1704.4 (4.79%)
KSE100 118,576 Increased By 1278.2 (1.09%)
KSE30 36,302 Increased By 462.9 (1.29%)
Print - 2020-01-01
Banking sector review for CY19

Banking sector review for CY19

According to the Mid-Year Performance Review (MPR) of the banking sector released by the State Bank of Pakistan on 21st October, 2019, banking sector maintained its growth trajectory during the first half of 2019 on account of decent increase in deposits,
Published 01 Jan, 2020 12:00am
Modaraba - A unique model

Modaraba - A unique model

Islamic sharia has enunciated a set of principles, which provides basis and limits for all kinds of business in general and economic and commercial transactions in particular. Principles pronouncing justice, mutual help, free consent and honesty on the pa
Published 01 Jan, 2020 12:00am
Development Financial Institutions and Economic Development

Development Financial Institutions and Economic Development

Mr Maqbool started his banking career with Citibank Pakistan where he held various positions in Corporate Banking Group. In 1997, he was transferred to Saudi American Bank(Samba), Saudi Arabia where he was Division Head,
Published 01 Jan, 2020 12:00am
Dubai Islamic Bank Pakistan - Growing from Strength to Strength

Dubai Islamic Bank Pakistan - Growing from Strength to Strength

Dubai Islamic Bank Pakistan has witnessed a turnaround in the last few years in to a profitable entity with sustainable growth trajectory. In 2018, the Bank achieved its bottom-line target of PKR 2.5 Billion and has maintained its growth momentum in 2019;
Published 01 Jan, 2020 12:00am
The Evolving Digital Banking Landscape of Pakistan

The Evolving Digital Banking Landscape of Pakistan

Her Majesty Queen Maxima of the Netherlands just rounded up her trip to Pakistan. She was here as the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development in Pakistan. In recent years, the country has achieved numerous
Published 01 Jan, 2020 12:00am
State Bank of Pakistan conversion 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 01 Jan, 2020 12:00am
Barclays bid rates and maximum rates for payment of interest

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 01 Jan, 2020 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (December 31, 2019).

Published 01 Jan, 2020 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (December 31, 2019).

Published 01 Jan, 2020 12:00am
Bill buying rates per unit of 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 Tuesday (December 31, 2019).

Published 01 Jan, 2020 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (December 31, 2019).
Published 01 Jan, 2020 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (December 31, 2019).

Published 01 Jan, 2020 12:00am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 01 Jan, 2020 12:00am
Member to Member
Stocks

Member to Member

The following transactions member to member subsequently reported on Tuesday (December 31, 2019).

Published 01 Jan, 2020 12:00am
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 31, 2019).

Published 01 Jan, 2020 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (December 31, 2019).

Published 01 Jan, 2020 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (December 31, 2019)

Published 01 Jan, 2020 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (December 31, 2019).

Published 01 Jan, 2020 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 01 Jan, 2020 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (December 31, 2019).

Published 01 Jan, 2020 12:00am
The Weather

The Weather

The weather report on Tuesday (December 31, 2019) and the forecast for Wednesday (January 1, 2020).

Published 01 Jan, 2020 12:00am
New York cotton
Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Published 01 Jan, 2020 12:00am
US MIDDAY: Gold set for biggest yearly rise since 2010
Commodities

US MIDDAY: Gold set for biggest yearly rise since 2010

Gold prices rose on Tuesday to a three-month high as the dollar weakened, with the precious metal set for its biggest annual rise in nearly a decade in 2019, when the US-China trade war had investors seeking safe harbors from a possible recession.
Published 01 Jan, 2020 12:00am
Gold rises in Europe
Commodities

Gold rises in Europe

Gold prices rose on Tuesday to a three-month high as the dollar weakened, and were set to mark their best year in nearly a decade on the back of US-China trade uncertainties, which pressured markets and triggered fears of a possible recession.
Published 01 Jan, 2020 12:00am
Gold climbs in Asia
Commodities

Gold climbs in Asia

Gold prices jumped to their highest in more than three months on Tuesday on a weakening dollar, with the metal on track for its best annual show in nearly a decade, while palladium leapt towards its fourth straight yearly gain.
Published 01 Jan, 2020 12:00am
Palm oil falls; clocks best yearly surge in a decade
Commodities

Palm oil falls; clocks best yearly surge in a decade

Malaysian palm oil futures slipped on the last day of 2019 on Tuesday on profit booking, but registered its biggest yearly jump in a decade on expectations of lower production and higher consumption in top producers Indonesia and Malaysia.
Published 01 Jan, 2020 12:00am
Oil posts biggest yearly rise since 2016
Energy

Oil posts biggest yearly rise since 2016

Oil prices fell 1% on Tuesday, the last trading day of the decade, but notched the biggest annual gain in three years, supported by a thaw in the prolonged US-China trade war and ongoing supply cuts from major oil producers.
Published 01 Jan, 2020 12:00am
Metals upswing hangs on US-China trade war truce
Commodities

Metals upswing hangs on US-China trade war truce

A thawing in the US-China trade war could fuel a rally in base metals in 2020 after the prolonged conflict largely kept a lid on prices in 2019. Global growth was hobbled by the two-year dispute, including in China, which accounts for about half of metals
Published 01 Jan, 2020 12:00am
Cotton slips, marks second straight yearly decline
Cotton & Textile

Cotton slips, marks second straight yearly decline

ICE cotton futures fell on Tuesday in thin trade as investors booked profits, while the fibre registered its second consecutive yearly loss due to US-China trade tensions. Cotton contracts for March settled down 0.51 cent, or 0.73%, at 69.05 cents per lb.
Published 01 Jan, 2020 12:00am
Southeast Asian markets: Malaysia drops, Singapore flat
Stocks

Southeast Asian markets: Malaysia drops, Singapore flat

Malaysian shares fell more than 1% on Tuesday, dragged by banking and consumer stocks, while Singapore erased gains in thin year-end trading. Broader Asia was down 0.4%, as investors booked profits on the last trading day of the decade. Most Southeast Asi
Published 01 Jan, 2020 12:00am
UK 10-year bond yields finish 2019 with record-low
Stocks

UK 10-year bond yields finish 2019 with record-low

British 10-year government bond yields recorded their lowest-ever finish to a calendar year on Tuesday, after a quiet final half-day of trading in 2019, as concerns about Brexit and global trade tensions weighed on the long-term economic outlook.
Published 01 Jan, 2020 12:00am
European shares falter as year-end rally fades
Stocks

European shares falter as year-end rally fades

European shares ended the final trading day of the decade with a whimper on Tuesday as investors locked in gains after a record rally fuelled by optimism around trade and easing fears of a global recession. In a shortened session ahead of the New Year's E
Published 01 Jan, 2020 12:00am
China stocks set to outperform Wall Street
Stocks

China stocks set to outperform Wall Street

China's stock market has clawed its way from the bottom of the major global index rankings toward the top this year, with a 36% jump in the main blue chip index set to trump the roaring rally in its Wall Street counterparts.
Published 01 Jan, 2020 12:00am
Indian shares slide; Nifty posts 12 percent jump for 2019
Stocks

Indian shares slide; Nifty posts 12 percent jump for 2019

Indian shares ended lower on the final trading day of the year, as investors booked profits ahead of a finance ministry announcement, while the benchmark Nifty 50 index clocked a 12% gain for 2019, outclassing its performance in 2018.
Published 01 Jan, 2020 12:00am
Treasury yield curve steepest since October 2018
Stocks

Treasury yield curve steepest since October 2018

US Treasury yields rose on Monday and the US two-year, 10-year yield curve was the steepest in 14 months as investors prepared for the end of the year. Benchmark 10-year yields held below recent highs of around 1.95%, after weakening this month on improvi
Published 01 Jan, 2020 12:00am
Wall Street slips from records
Stocks

Wall Street slips from records

Wall Street's major stock indexes slipped from record highs on Monday as investors booked profits from gains made this month after the United States and China reached a trade deal.
Published 01 Jan, 2020 12:00am
Australian shares post best year since 2009; New Zealand dips
Stocks

Australian shares post best year since 2009; New Zealand dips

Australian shares fell nearly 2% on the last trading day of 2019, but still racked up their best annual performance in a decade. Broad-based losses pressured the S&P/ASX 200 index to fall 1.8% to 6,684.1, its lowest close since Dec 5. The benchmark had sl
Published 01 Jan, 2020 12:00am
US-China 'Phase One' trade deal to be signed on January 15
Global Business Economy

US-China 'Phase One' trade deal to be signed on January 15

A partial new US-China trade agreement will be signed in the middle of next month, US President Donald Trump said Tuesday, announcing that he will also then travel to China for continued talks.
Published 01 Jan, 2020 12:00am
Israel's Leviathan field begins pumping gas
Energy

Israel's Leviathan field begins pumping gas

Israel's offshore Leviathan field started pumping gas on Tuesday in what the operating consortium hailed as "a historic turning point" for the Israeli economy.
Published 01 Jan, 2020 12:00am
Saudi Arabia economy contracts 0.46 percent in third quarter
Energy

Saudi Arabia economy contracts 0.46 percent in third quarter

Saudi Arabia's economy contracted by 0.46% in the third quarter from a year earlier, hit by a drop in oil output as the de facto leader of the Organisation of Petroleum Exporting Countries (OPEC) cut production, government data showed on Tuesday.
Published 01 Jan, 2020 12:00am
Chinese factory activity remains steady in December
Global Business Economy

Chinese factory activity remains steady in December

China's factory activity was in expansion territory for a second straight month in December amid a thaw in a trade war with the United States, official data showed Tuesday.
Published 01 Jan, 2020 12:00am
US consumer confidence dips slightly in December
Global Business Economy

US consumer confidence dips slightly in December

US consumers were a little less confident in December, as hopes for jobs and wages dimmed slightly, survey data showed Tuesday. Overall, consumer confidence remained at solid levels, but the unexpected dip hit during the crucial holiday shopping period.
Published 01 Jan, 2020 12:00am
Bailed tycoon Ghosn flees to Lebanon from 'rigged' Japan
Global Business Economy

Bailed tycoon Ghosn flees to Lebanon from 'rigged' Japan

Former Nissan chief Carlos Ghosn said Tuesday he had fled to Lebanon to escape injustice in Japan, where he was on bail awaiting trial on financial misconduct charges. The auto tycoon's abrupt departure was the latest twist in a rollercoaster journey that
Published 01 Jan, 2020 12:00am
Objectives successfully met, will bring reliability: PCB
Cricket

Objectives successfully met, will bring reliability: PCB

Year 2019 will be remembered as a landmark year in Pakistan's cricketing history, as it ended with the country taking a major stride in ensuring full resumption of international cricket in Pakistan as Sri Lanka played two Tests in Rawalpindi and Karachi i
Published 01 Jan, 2020 12:00am
Three matches decided in Diamond Paints Polo Cup
Other

Three matches decided in Diamond Paints Polo Cup

Diamond Paints, FG Polo Team and AOS Polo Team won the opening day matches of the Diamond Paints Polo Cup for the Champions Trophy 2020 played here at the Lahore Polo Club ground on Tuesday.
Published 01 Jan, 2020 12:00am
Year 2019: a prolific time for Babar Azam
Cricket

Year 2019: a prolific time for Babar Azam

The year 2019 was a prolific one for batting sensation Babar Azam, as he stamped his authority on the international circuit across the three formats with some scintillating display of stroke-play that left the fans in awe across the cricketing world.
Published 01 Jan, 2020 12:00am
England ready to support scrapping five-day Tests
Cricket

England ready to support scrapping five-day Tests

Five-day Test matches could become a thing of the past from 2023 after England supported calls to cut them by a day, according to Tuesday's Daily Telegraph. A spokesperson for the England and Wales Cricket Board (ECB) told the British newspaper that four-
Published 01 Jan, 2020 12:00am
Benfica sign Dortmund midfielder Weigl
Football

Benfica sign Dortmund midfielder Weigl

Borussia Dortmund and Germany midfielder Julian Weigl will join Portuguese champions Benfica in the January transfer window, the Bundesliga club said on Tuesday.
Published 01 Jan, 2020 12:00am
Pakistan women's cricket in 2019 continues to evolve
Cricket

Pakistan women's cricket in 2019 continues to evolve

Women's cricket in Pakistan continued to evolve in 2019, as the women's team reached new heights and the Pakistan Cricket Board (PCB) undertook major initiatives to promote the game amongst young potential cricketers.
Published 01 Jan, 2020 12:00am
Sharapova accepts Brisbane wildcard
Other

Sharapova accepts Brisbane wildcard

Former world number one Maria Sharapova said Tuesday she still had "a lot of fire" as she attempts to resurrect her career after an injury-plagued 2019. The five-time major winner will open her 2020 campaign in Brisbane after being awarded a wildcard by o
Published 01 Jan, 2020 12:00am
Aussie, kiwi see out lethargic 2019 with late comeback
Money & Banking

Aussie, kiwi see out lethargic 2019 with late comeback

The Australian and New Zealand dollars hit five-month highs on Tuesday, looking to end a lacklustre year on a brighter note as the stars align for a stronger world economy in 2020. The Aussie stood at $0.7005, almost back to where it began the year. That
Published 01 Jan, 2020 12:00am
Dollar falls in thin trade in New York
Money & Banking

Dollar falls in thin trade in New York

Thin end-of-year volume on Monday exacerbated weakness in the US dollar, which dipped for its third straight session as investors favored riskier assets. The dollar index, which measures the currency against a basket of rivals, weakened 0.18% to 96.743 in
Published 01 Jan, 2020 12:00am
Asian forex: Most units set to end 2019 on firm note
Money & Banking

Asian forex: Most units set to end 2019 on firm note

Most Asian currencies were set to end the year on a firm note, with the Taiwan dollar leading gains on Tuesday, as investors cheered fresh developments on the Sino-US trade deal front and upbeat factory activity data from China. The White House's trade ad
Published 01 Jan, 2020 12:00am
Euro gains, sterling shines in Europe
Money & Banking

Euro gains, sterling shines in Europe

The euro, the pound and a clutch of trade-sensitive currencies rallied as the dollar slid to a six-month low on Tuesday, with investors confident that global growth prospects are improving and US-China trade relations significantly better. After staying s
Published 01 Jan, 2020 12:00am
Dollar dips against yen in Asia
Money & Banking

Dollar dips against yen in Asia

The dollar dipped to a near three-week low against the yen in thin year-end volume on Tuesday as investors favoured riskier assets, led by renewed optimism about global growth. The greenback was off 0.2% at 108.64 against the Japanese yen, the weakest sin
Published 01 Jan, 2020 12:00am
Mexican peso rises, to end year up 4 percent
Money & Banking

Mexican peso rises, to end year up 4 percent

Mexico's peso firmed in its last trading day for the year on Tuesday as increasing investor confidence about global growth prospects and significantly better US-China trade relations sent the dollar to six-month lows on fading safe-haven buying. An index
Published 01 Jan, 2020 12:00am
China's iron ore flat in sluggish year-end holiday trade
Commodities

China's iron ore flat in sluggish year-end holiday trade

Benchmark Dalian iron ore futures pulled back from a two-week high to finish flat after sluggish trade on Monday as the year-end holiday season prompted market participants to remain on the sidelines. The Dalian Commodity Exchange's most-traded iron ore c
Published 01 Jan, 2020 12:00am
Cotton market ends 2019 on steady tone
Cotton & Textile

Cotton market ends 2019 on steady tone

Cotton market closed the final session of 2019 on happy note due to renewed buying by mills, dealers said on Tuesday. The official spot rate was unchanged Rs 8900, they added. In ready session, 3600 bales changed hands between Rs 8000-9100, they said.
Published 01 Jan, 2020 12:00am
Asia's naphtha dives to 1-1/2-week low
Energy

Asia's naphtha dives to 1-1/2-week low

Asia's naphtha crack slumped 14.5% to a one-and-a-half week low of $83.90 a tonne on Monday, dragged down by muted trades amid the year-end holidays and the recent dreadful petrochemical margins. Although premiums for Indian cargoes scheduled for January
Published 01 Jan, 2020 12:00am
Ivory Coast cocoa crop boosted by mild Harmattan
Commodities

Ivory Coast cocoa crop boosted by mild Harmattan

There was no rain last week in most of Ivory Coast's cocoa-growing regions, but late and mild Harmattan winds this year have boosted expectations of strong harvests during the first two months of 2020, farmers said on Monday. Ivory Coast, the world's top
Published 01 Jan, 2020 12:00am
EU wheat little changed after six-month high
Commodities

EU wheat little changed after six-month high

Euronext wheat ended little changed on Monday, consolidating after an earlier six-month high as a rally fuelled by export prospects ran into technical resistance. March milling wheat, the most active contract on the Paris-based exchange, settled unchanged
Published 01 Jan, 2020 12:00am
Activities of Karachi Port

Activities of Karachi Port

The Karachi Port handled 73,017 tonnes of cargo comprising 46,951 tonnes of import cargo and 26,066 tonnes of export cargo including 3,098 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 01 Jan, 2020 12:00am
CBOT corn futures fall
Commodities

CBOT corn futures fall

Chicago Board of Trade corn futures ended lower on profit-taking on Monday after rising to a two-month high, traders said. Most-active corn futures touched their highest price since Oct. 22 before pulling back. Traders are hoping Washington and Beijing wi
Published 01 Jan, 2020 12:00am