News Archives for Print - 2019-04-20

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 20 Apr, 2019 12:00am

Currency

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 20 Apr, 2019 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 20 Apr, 2019 12:00am

Taiwan's MFIG buys 65,000 tonnes of corn

Taiwan's feed industry procurement association MFIG purchased about 65,000 tonnes of corn to be sourced optionally from the United States of Brazil in an international tender which closed on Wednesday, European traders said. The tender had sought shipment

Published 20 Apr, 2019 12:00am

Currency

Brazil's April soyabean exports seen at four-year low

Brazilian soyabean exports are expected to end April at the lowest level for that month in four years, based on government figures for the first few days of the month, ship lineup data going forward and industry source estimates. According to Williams' sh

Published 20 Apr, 2019 12:00am

Russia taps rainy-day fund to pay oil firms back for lower fuel

Russia expects to use about 210 billion roubles ($3.3 billion) from its National Wealth Fund this year to pay back oil firms as part of a deal to keep down domestic gasoline and diesel prices, a senior finance ministry official said on Friday. The governm

Published 20 Apr, 2019 12:00am

Vegetable Oil

Palm oil charts weekly gain on stronger US soyaoil

Malaysian palm oil futures rose on Friday, scoring a third day of gains in four, tracking strength in US soyaoil on the Chicago Board of Trade. Palm also recorded a weekly gain, up 1.3 percent, supported by declines in the ringgit earlier this week.

Published 20 Apr, 2019 12:00am

USDA to adjust format of its monthly supply/demand report

The US Department of Agriculture will revise its monthly world supply and demand crop reports starting in May to try to account for the outsized role of China's global grain stocks, a government official said on Tuesday, confirming a note on a USDA websit

Published 20 Apr, 2019 12:00am

Tokyo rubber ends higher

Tokyo Commodity Exchange (TOCOM) futures ended higher on Friday, after touching a 1-1/2-week low earlier in the session, on position adjustments but they booked a two percent loss for the week amid worries over US-Sino trade talks. The benchmark TOCOM rub

Published 20 Apr, 2019 12:00am

Ghana cocoa output expected to drop 6 percent

Ghana's cocoa output is expected to drop nearly 6 percent this season to 850,000 tonnes because of disease and dry weather, sources at the cocoa regulator, COCOBOD, said on Wednesday. Ghana previously forecast production of 900,000 tonnes, the same as the

Published 20 Apr, 2019 12:00am

US Wheat hopes to grab 80pc of Brazil tariff-free import quota

US Wheat Associates, the group representing the United States wheat industry, is eying an 80% chunk of Brazil's 750,000-tonne tariff-free wheat import quota, Vince Peterson, the group's president, told Reuters on Wednesday. Peterson is leading a delegatio

Published 20 Apr, 2019 12:00am

Strategie Grains cuts EU wheat, barley crop forecasts on dry weather

Dry conditions have worsened prospects for this summer's wheat and barley harvests in the European Union, crop consultancy Strategie Grains said as it cut production forecasts for both cereals. In a monthly cereal report published on Thursday, the French

Published 20 Apr, 2019 12:00am

China still dominates US soyabean exports despite trade war

Even with an ongoing trade war, China was the top destination for US soyabeans during the first half of the current marketing year, and the Asian country will help determine whether American beans can meet the US government's full-year export targets. Dat

Published 20 Apr, 2019 12:00am

PMEX daily report

Pakistan Mercantile Exchange (PMEX) has not issued daily report and trading summary on Friday due to Good Friday holiday.

Published 20 Apr, 2019 12:00am

Canadian canola futures down

ICE Canadian nearby canola futures fell on Wednesday for a third straight session, following declines in allied US soyabean markets, traders said. Spreading was a feature as commodity funds continued to roll positions in the May futures contract into forw

Published 20 Apr, 2019 12:00am

Currency

Argentina freezes prices on staples from rice to milk

Argentina will freeze prices on dozens of staple products, including rice, sugar and milk, in a bid to rein in rampant inflation and support hard-hit consumers ahead of national elections at the end of the year. The government said on Wednesday it had agr

Published 20 Apr, 2019 12:00am

Ivory Coast sells 900,000 tonnes of cocoa

Ivory Coast's Coffee and Cocoa Council (CCC) has sold around 900,000 tonnes of cocoa through export contracts for the 2019/20 season which begins in October, two sources at the industry's regulator said on Wednesday. CCC aims to sell about 1.6 million ton

Published 20 Apr, 2019 12:00am

China's March aluminium output drops to lowest since October

China's aluminium production fell 3.6 percent on a daily basis in March from the previous two months to its lowest rate since October, according to calculations based on official data, pressured by winter curbs on industry and low prices for the metal. Th

Published 20 Apr, 2019 12:00am

European gasoline margins rise

Northwest European gasoline refining margins rose on Wednesday, supported by refinery outages in the region and strong exports. US gasoline stocks fell last week by 1.2 million barrels, compared with analysts' expectations in a Reuters poll for a 2.1 mill

Published 20 Apr, 2019 12:00am

China's March crude steel output rises

China's crude steel output grew 10 percent in March compared with the same month a year ago as mills ramped up operations amid a profit margin recovery and less stringent curbs on production in the country's anti-smog crackdown. Mills in the world's bigge

Published 20 Apr, 2019 12:00am

CBOT corn futures slip

Chicago Board of Trade (CBOT) corn futures stumbled on Wednesday on expectations that US farmers will make progress planting the next crop, traders said. CBOT May corn closed 3/4-cent lower at $3.58-1/4 per bushel. The contract set itts lowest price since

Published 20 Apr, 2019 12:00am

German wheat crop to increase sharply after drought

Germany's 2019 wheat harvest will jump 20.6 percent on the year to 24.44 million tonnes with rising expectations of a recovery after the drought-reduced harvest last year, the country's association of farm cooperatives (DRV) said on Tuesday. The German cr

Published 20 Apr, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 89,762 tonnes of cargo comprising 41,334 tonnes of import cargo and 48,428 tonnes of export cargo including 3,085 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.

Published 20 Apr, 2019 12:00am

Cotton

Sustained buying of fine quality on cotton market

Prices improved slightly on the cotton market on Friday in the process of sustained buying of fine quality of lint, dealers said. The official spot rate was unchanged at Rs 8,800, they added. In the ready session, over 5,000 bales of cotton finalised betw

Published 20 Apr, 2019 12:00am

Brazil's ethanol prices jump on harvest delays, strong demand

Brazilian ethanol prices jumped as much as 15 percent in the last week, the largest weekly gains since 2010, as strong demand by fuel distributors ahead of a national holiday met reduced offers by mills struggling to kick off harvesting of the new cane cr

Published 20 Apr, 2019 12:00am

French court jails brother of jihadist killer for 30 years

A Paris appeal court on Thursday handed a 30-year jail term to Abdelkader Merah, brother of a French jihadist who shot dead seven people, finding him guilty of being an accomplice in the 2012 murders.

Published 20 Apr, 2019 12:00am

Sudan protest leaders to unveil civilian ruling body

Sudanese protest leaders have announced plans to unveil a civilian body to take over from the ruling military council as demonstrators thronged Friday outside army headquarters. The military council, which took power after ousting longtime leader Omar al-

Published 20 Apr, 2019 12:00am

Indian extradited to US from Singapore in call center fraud

Singapore has extradited an Indian national to the United States to face charges in a call center fraud that scammed millions of dollars from victims in the United States, the Justice Department announced Friday. Hitesh Madhubhai Patel, 42, of Ahmedabad,

Published 20 Apr, 2019 12:00am

Mali's government resigns as anger mounts over massacre

Ethnic violence that has gripped central Mali has led to the downfall of the government, accused of failing to stem bloodshed that has claimed about 600 lives. A statement from President Ibrahim Boubacar Keita's office late Thursday said he had accepted t

Published 20 Apr, 2019 12:00am

13 killed as church roof collapses in South Africa

The roof of a church collapsed during mass near the eastern South African city of Durban, killing 13 people and injuring at least 16, officials said Friday. The accident happened on Thursday evening in the town of Dlangubo, north of Durban, after heavy ra

Published 20 Apr, 2019 12:00am

Macron meets Syrian Kurds, vows French support in fight against IS

President Emmanuel Macron on Friday hosted representatives of the Kurdish-led force that defeated Islamic State (IS) extremists in Syria, assuring them of France's support in the fight against remaining jihadists. The US-backed Syrian Democratic Forces (S

Published 20 Apr, 2019 12:00am

Novelist Houellebecq picks up France's top honour

President Emmanuel Macron has awarded the country's top honour to the controversial top-selling French novelist Michel Houellebecq, a scourge of the establishment for his bitter denunciations of modern France. Macron bestowed the Legion d'honneur on Houel

Published 20 Apr, 2019 12:00am

Ebola worker killed at hospital in eastern DR Congo

A health worker fighting an Ebola outbreak in DR Congo was killed Friday in an attack on a hospital in the eastern city of Butembo, the World Health Organization (WHO) said. The attack is the latest in a string of assaults on teams grappling with a near n

Published 20 Apr, 2019 12:00am

Portuguese president joins services for island bus crash victims

Portuguese President Marcelo Rebelo attended church services on Friday in tribute to 29 German tourists who died when their bus tumbled down a slope and crashed into a house on the tourist island of Madeira. Investigators are still trying to determine why

Published 20 Apr, 2019 12:00am

Trump speaks with Libya warlord Haftar: White House

President Donald Trump spoke this week with Khalifa Haftar, the Libyan warlord fighting to capture the capital Tripoli, the White House said Friday. Trump and Haftar spoke on Monday "to discuss ongoing counterterrorism efforts and the need to achieve peac

Published 20 Apr, 2019 12:00am

Rome, Paris, promise 'initatives' on Libya crisis

France and Italy will work on "initiatives" for Libya as there is no military solution to the crisis, the countries' foreign ministers said on Friday. The pledge came as the attempted offensive by Libyan strongman Khalifa Haftar on Tripoli has thrown into

Published 20 Apr, 2019 12:00am

UN begins evacuating refugees from Libya to Niger

The UN said Friday it had evacuated 163 refugees from war-ravaged Libya to neighbouring Niger, but more than 3,000 others were still trapped in detention centres affected by clashes. The move marked the first evacuation of refugees and migrants out of Lib

Published 20 Apr, 2019 12:00am

Eurozone business growth lowest since 2014

Eurozone business growth was at its lowest level since 2014, a closely watched survey said on Thursday, dragged down by stagnation in France and a sluggish Germany. Beset by looming political risks such as Brexit and weaker global growth, the eurozone is

Published 20 Apr, 2019 12:00am

China invites North Korea to Belt and Road summit

China said leaders from 37 nations and North Korean representatives will attend a summit for its Belt and Road Initiative next week as it hit back at criticism of the massive trade infrastructure project. Chinese President Xi Jinping's pet project is a $1

Published 20 Apr, 2019 12:00am

UK consumers keep calm

British shoppers ignored worries about an impending Brexit deadline and spent heavily in March, official data showed on Thursday. Retail sales volumes surged by the most in nearly two-and-a-half years in annual terms, leaping by 6.7 percent, the Office fo

Published 20 Apr, 2019 12:00am

Netflix unveils plans for New York production hub

Netflix announced plans Thursday to create a New York City production center for its original programs that could lead to thousands of new jobs. Up to $100 million will be invested for an expanded office in Manhattan and six sound stages in Brooklyn.

Published 20 Apr, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 10	278.57
USD PKR Interbank Buying / Jun 10	278.37
USD to Japanese Yen / Jun 10	157.01
USD to Swiss Franc / Jun 10	0.90
Pound Sterling to USD / Jun 10	1.27
Euro to USD / Jun 10	1.08

Stock	Volume
S&P 500 / Jun 10	5360.79
India Sensex / Jun 10	76490.08
Tokyo Nikkei / Jun 10	38038.16
Nasdaq / Jun 10	17193.59
Hang Seng / Jun 10	18366.95
FTSE 100 / Jun 10	8228.48
Dow Jones / Jun 10	38868.04
Germany DAX 30 / Jun 10	18494.89

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	19935
Petrol/Litre / Jun 10	268.36
Crude Oil USD/Barrel / Jun 10	77.74
Gold 10 Grams PKR / Jun 10	205247
Gold Spot USD/Ounce / Jun 10	2327
Diesel/Litre / Jun 10	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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