News stories for Naseem Usman - Business Recorder

Naseem Usman

Markets

Weekly Cotton Review: Rates decline amid lacklustre business

KARACHI: Cotton prices continued to decline previous week. There was a slump in international cotton market also. ...

Published 27 Mar, 2023 06:42am

Markets

Weekly Cotton Review: Spot rate dips as bearish trend prevails on market

KARACHI: Cotton prices continued to decline previous week, as the spot rate decreased by Rs 800 per maund. However, ...

Published 20 Mar, 2023 06:12am

Markets

Weekly Cotton Review: Prices decline amid sluggish trade

KARACHI: Decline in cotton prices particularly in international cotton market resulted in a significant decline in...

Published 13 Mar, 2023 07:21am

Markets

Weekly Cotton Review: Prices remain stable amid depreciating rupee

KARACHI: An alarming drop of 2.5 million bales (34.39%) is expected in local production of cotton. However, the ...

Published 06 Mar, 2023 06:22am

Markets

Weekly Cotton Review: Prices fall amidst low business volume

KARACHI: The cotton market saw low business volume previous week. An increase in the rate of Future Trading of New...

Published 27 Feb, 2023 06:51am

Markets

Weekly Cotton Review: Spot rate decreased by Rs2,000/maund

KARACHI: A significant reduction of Rs 2,000 per maund in the rate of cotton. Spot rate also reduced by Rs 2,000 per...

Published 20 Feb, 2023 06:26am

Markets

Weekly Cotton Review: Spot rate decreased as market witnesses stability

KARACHI: Previous week witnessed stability in the rate of cotton. Stocks are declining day by day. The issue of...

Published 13 Feb, 2023 06:48am

Markets

Weekly Cotton Review: Local production facing shortfall of 2.5m bales

KARACHI: An alarming reduction of 2.6 million bales in cotton production is estimated this season. The total...

Published 06 Feb, 2023 06:20am

Markets

Weekly Cotton Review: Price increases following appreciation in dollar value

KARACHI: The rate of cotton witnessed an increase of Rs 1,000 per maund as a result of increase in the rate of...

Published 30 Jan, 2023 05:56am

Markets

Weekly Cotton Review: Prices slightly down amid low buying

KARACHI: Cotton prices went slightly down during previous week in local market. There was a boom in international...

Published 23 Jan, 2023 06:32am

Markets

Weekly Review: Cotton price increases by Rs5,000/maund on local market

KARACHI: Cotton price was increased by up to Rs 5,000 per maund on the local market. But on the contrary, the ...

Published 16 Jan, 2023 06:18am

Markets

Cotton rate hiked amidst bullish trend

KARACHI: With the arrival of new year, a bullish trend is prevailing in the rate of cotton in local cotton market....

Published 09 Jan, 2023 06:37am

Markets

Weekly Cotton Review: Spot rate increased after signs of improvement emerge

KARACHI: Signs of improvement were seen in the local cotton market during previous week. Karachi Cotton Association...

Published 02 Jan, 2023 05:54am

Markets

Weekly Cotton Review: Rates stable amid low trading volume

KARACHI: Cotton prices remained stable amid low trading volume. However, it is expected that soon business ...

Published 26 Dec, 2022 05:48am

Markets

Weekly Cotton Review: Rate stable amid rising business volume

KARACHI: The rate of cotton remained overall stable. The total production of cotton is expected to be around 48 lac...

Published 19 Dec, 2022 06:00am

Markets

Weekly Cotton Review: Prices slip amid low business volume

KARACHI: Domestic and international cotton prices continued to decline, amid very low business volume. The World...

Published 12 Dec, 2022 06:07am

Markets

Weekly Review: Cotton prices remain stable

KARACHI: An alarming drop of 2.9 million bales was seen in cotton production. Total production is expected to be...

Published 05 Dec, 2022 06:31am

Markets

Weekly Cotton Review: KCA decreases spot rate by Rs700, closes it at Rs 16,500/maund

KARACHI: Overall bearish trend prevails in cotton prices. After fluctuation bearish trend prevails in international...

Published 28 Nov, 2022 05:48am

Markets

Weekly Cotton Review: Spot rate rises as business volume improves

KARACHI: There were fluctuations in the rate of cotton; however, overall an improvement in business volume was...

Published 21 Nov, 2022 05:59am

Markets

Weekly Cotton Review: Spot rate remains stable amid low business volume

KARACHI: Prices of cotton overall remained stable in local and international markets. Assistant Director Agriculture...

Published 14 Nov, 2022 05:55am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First IBL Mod. / Mar 30 First IBL Modaraba(FIBLM)	5.90 ▲ 0.60 (11.32%)
First Pak Mod. / Mar 30 First Pak Modaraba(PAKMI)	1.34 ▲ 0.13 (10.74%)
Dewan Sugar / Mar 30 Dewan Sugar Mills Limited(DWSM)	2.57 ▲ 0.23 (9.83%)
Unicap Modaraba / Mar 30 Unicap Modaraba(UCAPM)	1.77 ▲ 0.15 (9.26%)
Premier Insurance / Mar 30 Premier Insurance Limited(PINL)	7.50 ▲ 0.63 (9.17%)
B.R.R.Guardian / Mar 30 B.R.R. Guardian Modaraba(BRR)	12.04 ▲ 0.99 (8.96%)
Ismail Ind. / Mar 30 Ismail Industries Limited(ISIL)	518.26 ▲ 36.15 (7.50%)
Khyber Tex. / Mar 30 Khyber Textile Mills Limited(KHYT)	397.42 ▲ 27.72 (7.50%)
Suraj Cotton / Mar 30 Suraj Cotton Mills Limited(SURC)	102.53 ▲ 7.15 (7.50%)

Stock	Price
First Prudential Mod. / Mar 30 First Prudential Modaraba(PMI)	1.40 ▼ -0.24 (-14.63%)
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
Sapphire Fibres / Mar 30 Sapphire Fibres Limited(SFL)	1018 ▼ -82.00 (-7.45%)
Sardar Chemical / Mar 30 Sardar Chemical Industries Limited(SARC)	32 ▼ -2.55 (-7.38%)
Gadoon Textile / Mar 30 Gadoon Textile Mills Limited(GADT)	192.50 ▼ -15.30 (-7.36%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Pakistan Services / Mar 30 Pakistan Services Limited(PSEL)	876 ▼ -69.10 (-7.31%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
Bal. Wheel / Mar 30 Baluchistan Wheels Limited(BWHL)	68.42 ▼ -5.18 (-7.04%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.21
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.01
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.23
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	6,136,500 ▼ -0.05
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.08
Engro Corp / Mar 30 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -0.02
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.46
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.99
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	3,645,000 ▲ 0.36
K-Electric Ltd. / Mar 30 K-Electric Limited(KEL)	3,416,092 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	285.65
USD PKR Interbank Buying / Mar 30	283.65
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
Dow Jones / Mar 29	32717.60
Tokyo Nikkei / Mar 30	27782.93
Hang Seng / Mar 30	20309.13
FTSE 100 / Mar 30	7578.80
Germany DAX 30 / Mar 30	15430.39
France CAC40 / Mar 30	7235.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

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