Business & Finance - Business Recorder

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Business & Finance - 2021-01-13

Energy

Oil falls as pandemic fuel demand threat faces U.S. crude drawdown

Brent crude prices were down 46 cents at $56.12 a barrel by 12:43 p.m. EST (1743). An earlier rise took prices as high as $57.42 a barrel, the strongest since Feb. 24.

Published 13 Jan, 2021 11:55pm

Forex

Dollar bears grow cautious as U.S. yields rise

Still, the prospect that rising yields will continue burnishing the dollar's attractiveness has given pause to some investors betting on more declines in the greenback.

Published 13 Jan, 2021 11:38pm

Stocks

Stocks rise, U.S. yield falls; demand weighs on oil

Consumer prices are expected to run hotter in a couple of months when March and April of 2020, which saw very low inflation, fall off the yearly reading.

Published 13 Jan, 2021 11:33pm

Stocks

TSX falls on energy weakness, Alimentation Couche-Tard deal talks

The energy sector dropped 1.1% as US crude prices were down 0.8% a barrel, while Brent crude lost 1%.
Toronto Stock Exchange's S&P/TSX composite index was down 26.34 points, or 0.15%, at 17,959.46.

Updated 13 Jan, 2021 11:17pm

US inflation stays muted as chaotic 2020 ends

The food index, both for meals at home and away, rose 0.4 percent.

Updated 13 Jan, 2021 11:17pm

Companies

Indian automaker Mahindra cuts over half of North America workforce

The sources did not give a figure for the number of jobs lost at the business, which had over 500 employees in early 2020.
The cuts come as Mahindra reviews its businesses in a drive to conserve capital and retain only those that make money or have the potential to be profitable.

Updated 13 Jan, 2021 11:17pm

Stocks

Wall St flat as stimulus rally cools; Intel shines

Intel jumps on replacing CEO Bob Swan.
Exxon rises on J.P. Morgan upgrade to "overweight".
Regeneron up as US govt orders more COVID-19 therapy doses.
Indexes: Dow and S&P down 0.13%, Nasdaq flat.

Published 13 Jan, 2021 09:23pm

Companies

Brazil's Petrobras CEO denies claims of 'predatory' fuel pricing policy

Branco said in the Wednesday edition of daily Valor Econômico that the claims amount to a personal "professional offense" against him and the government's economic policymakers.
As graduated economists ... we learned over 40 years ago that price controls are part of a museum of ineffective weapons to fight inflation.

Published 13 Jan, 2021 09:18pm

Forex

South African rand steady as dollar edges higher, stocks slip

The rand traded at 15.2125 versus the US currency, not far off its previous close of 15.2200.
The benchmark FTSE/JSE all-share index ended down 0.1% to 63,475 points.

Published 13 Jan, 2021 09:12pm

Financial

Yields slip as investors await 30-year auction

Investors awaiting an auction of 30-year government debt shrugged off a report showing an increase in US consumer prices in December amid rising gasoline costs.
In the 12 months through December the CPI advanced 1.4% after increasing 1.2% in November.

Published 13 Jan, 2021 09:10pm

Energy

US crude stockpiles drop, fuel inventories build: EIA

Crude inventories fell by 3.2 million barrels in the week to Jan. 8 to 482.2 million barrels, compared with expectations in a Reuters poll for a 2.3 million-barrel drop.
I think what we're seeing here is the drawdown in supply and a big uptick in refinery runs is giving the market an idea that refiners are starting to ramp up production of products.

Published 13 Jan, 2021 09:08pm

Commodities

Corn extends rally to highest since 2013; soy falls on profit taking

Soybean futures eased on profit taking after hitting their highest in 6-1/2 years, while wheat steadied as the market digested potential changes to Russian export policy.
The USDA's seemingly unending cuts to US G&O (grain and oilseed) supplies continued this month, and with soybean and corn stores particularly bare.

Published 13 Jan, 2021 09:06pm

Forex

Zloty eases after Polish central bank keeps rates steady

The zloty eased after the bank's comments, moving away from the 4.52 mark it had been at for most of the day.
In line with our expectations, there was no change in interest rates.

Published 13 Jan, 2021 09:04pm

Signal to ramp up hiring after WhatsApp controversy drives download surge

Along with another encrypted app, Telegram, Signal has been the main beneficiary of online outrage around the changes announced last week.
Signal was downloaded by 17.8 million users over the past seven days, a 62-fold rise from the prior week, according to data from Sensor Tower.

Published 13 Jan, 2021 08:54pm

Forex

Chilean central bank to buy $12bn to replenish FX reserves

The bank said it would take the step ahead of the closing off in mid-2022 of a flexible, $24 billion credit line extended by the IMF.
The board considers it prudent to initiate a process that allows it to replace the role of the FCL (flexible credit line) by gradually accumulating international reserves.

Published 13 Jan, 2021 08:52pm

Stocks

Wall St subdued at open as stimulus rally cools

The Dow Jones Industrial Average rose 16.2 points, or 0.05%, at the open to 31084.88.
The S&P 500 rose 1.0 points, or 0.03%, at the open to 3802.23.

Published 13 Jan, 2021 08:48pm

Money & Banking

Citi appoints Shahmir Khaliq as head of Treasury and Trade Solutions

Khaliq, who was the head of Operations and Technology at TTS, has also served as the company's global head of Direct Custody & Clearing within Markets and Securities Services unit.

Published 13 Jan, 2021 08:45pm

Forex

Latam FX subdued as dollar strengthens; Chilean peso tumbles

Chilean peso falls for third straight day.
Brazilian real steadies after previous session's surge.
Petrobras CEO denies claims of 'predatory' fuel pricing policy.

Published 13 Jan, 2021 08:40pm

Companies

Volkswagen cuts production further over semiconductor shortage

Staff producing the Tiguan, Touran, and Seat's Tarraco models at its Wolfsburg site will work reduced hours.
Automakers and electronics makers are facing a global shortage of chips as consumer demand has bounced back.

Published 13 Jan, 2021 08:38pm

Stocks

TSX inches higher at open on energy, materials strength

The Toronto Stock Exchange's S&P/TSX composite index was up 15.42 points, or 0.09%, at 18,001.22.

Published 13 Jan, 2021 08:36pm

Forex

Rouble falters after finance ministry switches to FX purchases

The rouble, however, should benefit from the increase in global prices for oil, Russia's main export.
the rouble had pared losses sustained after the announcement and was 0.3% weaker against the dollar at 73.74

Published 13 Jan, 2021 08:27pm

Stocks

Wall Street brushes off political turmoil, looks to economic rebound

The benchmark S&P 500 index stands near record highs while bond yields have rallied to their highest levels since the pandemic began.
It's a market that actually says, 'We are investing for 2021 and we see explosive economic growth in the back half of this year.

Published 13 Jan, 2021 08:20pm

Money & Banking

China needs to innovate monetary policy tools

A prudent monetary policy must be flexible, reasonable and appropriate, adhere to the primary goal of currency stability.
China's M2, a broad-based measure of money supply, in December grew 10.1% from a year earlier, below estimates of 10.5% forecast.

Published 13 Jan, 2021 08:18pm

Companies

Unilever says global consumption will remain depressed in first half of year

We still hold that the first half of this year will be a continued period of suppressed consumption.
There may be some cleanup of small brands in beauty and personal care, but they will have minimal impact, he added.

Published 13 Jan, 2021 08:13pm

Companies

Dropbox to layoff 11pc of workforce, COO to step down

Shares fell nearly 6% to $22.26 after Dropbox said Chief Operating Officer Olivia Nottebohm, who joined last year from Alphabet Inc's Google, will step down on Feb. 5.
Our Virtual First policy means we require fewer resources to support our in-office environment.

Published 13 Jan, 2021 08:06pm

Commodities

Raw sugar futures rise, cocoa and coffee also climb

March raw sugar was up 0.14 cents, or 0.9%, at 15.60 cents per lb.
March New York cocoa was up $25, or 1%, at $2,523 a tonne.
March arabica coffee rose 1.2 cents, or 1%, to $1.2260 per lb.

Published 13 Jan, 2021 08:05pm

Pandemic boosts profits at India's Infosys

Quarterly revenue at India's second-largest IT company climbed 12.3 percent to 259.27 billion rupees from a year ago.

Published 13 Jan, 2021 07:57pm

Sales of electric vehicles surge in China

Total auto sales in China dropped 1.9 percent to 25.31 million vehicles, but the figure was "better than expected".

Published 13 Jan, 2021 07:56pm

Companies

Qualcomm eyes challenge to Apple, Intel with $1.4b deal for chip startup

The deal marks a big push by Qualcomm to reestablish a leading position in chip performance after several years of high-profile patent licensing litigation with rival Apple and regulatory authorities.
It's exciting to see Nuvia join the Qualcomm team," Panos Panay, Microsoft's chief product officer.

Published 13 Jan, 2021 07:53pm

Commodities

Gold eases as dollar ticks higher; markets eye stimulus details

Spot gold was down 0.1% to $1,854.40 per ounce.
The risk is to the downside for gold. Concerns about inflation expectations and a firmer dollar have acted as a little bit of an anchor on the gold price.

Published 13 Jan, 2021 07:50pm

Energy

US natural gas surge 2pc to 6-week high on soaring global prices

Front-month gas futures rose 6.4 cents, or 2.3%, to $2.817 per million British thermal units.
Data provider Refinitiv said output in the Lower 48 US states averaged 91.5 billion cubic feet per day (bcfd) so far in January.

Published 13 Jan, 2021 07:43pm

Stocks

Most major markets end higher on oil price gains

Dubai, Abu Dhabi gain for 5th straight session.
Crude prices hit highest level since Feb. 24.
CIB best performer on Egyptian benchmark.

Published 13 Jan, 2021 07:38pm

Industry

Target holiday sales jump 17pc on strong online demand

Target's sales through Shipt same-day delivery service jumped more than 300% in the November-December period.
The retailer's store traffic also rose 4.3% during the holiday season as people combined their shopping trips and limited it to large retailers amid a surge in pandemic.

Published 13 Jan, 2021 07:32pm

Commodities

Copper supported by low inventory and demand prospects

Benchmark copper on the London Metal Exchange (LME) traded little changed at $7,970.5 a tonne in official rings.
2021 will be a year of reflation, higher growth and strong demand for metals.

Published 13 Jan, 2021 07:28pm

Europe

Digital euro could happen 'within five years': Lagarde

Lagarde set a similar timeframe to China which launched a pilot scheme in 2020 and is edging closer to launching the world's first sovereign digital currency.

Published 13 Jan, 2021 07:25pm

Stocks

London Stock Exchange gets EU nod for $27bn takeover of Refinitiv

The European Commission, which oversees competition policy in the 27-nation European Union.
Infrastructure competition in trading services and access to financial data products on fair and equal terms is essential for the European economy and in particular for consumers and businesses.

Published 13 Jan, 2021 07:24pm

Companies

Amazon takes on Netflix in India with cheaper mobile-only Prime Video plan

The Amazon Prime Video plan, meant for single users and available in standard definition quality, will cost 89 rupees ($1.22) per month initially.
Amazon said it was partnering with India's telecom major Bharti Airtel to roll out the plan to millions of its prepaid subscribers.

Published 13 Jan, 2021 07:22pm

Money & Banking

Polish central bank leaves rates unchanged, as expected

The full content of the interview with the National Bank of Poland (NBP) governor indicated that stable interest rates is still the most likely scenario.
Of 21 analysts polled by Reuters, 19 had expected rates to remain on hold.

Published 13 Jan, 2021 07:06pm

Commodities

Palm closes at two-week low on sluggish January demand

Palm extends two-day decline.
Malaysia maintains Feb CPO export duty at 8%.
Fresh lockdowns in Malaysia may reduce domestic palm use-broker.

Published 13 Jan, 2021 06:49pm

Companies

J.P. Morgan upgrades Exxon to overweight for first time in seven years

Morgan Stanley on Monday upgraded Exxon's rating to overweight from equal-weight, saying it preferred the company to Chevron Corp for 2021.
We think that improved transparency, cost-reduction actions and increased investor pressure could all serve to push XOM to put up more consistent results

Published 13 Jan, 2021 06:47pm

Companies

Baxter Germany to start production of BioNTech/Pfizer vaccine by early March

We are still in the process of converting the production facility for the demands of BioNTech's deep-frozen product.

Published 13 Jan, 2021 06:45pm

Energy

Oil steadies as US inventory fall tempers demand woes

Brent crude prices were down 4 cents at $56.54 a barrel.
The next milestone for Brent prices is a rise above $60, a level not seen since late January 2020.

Published 13 Jan, 2021 06:43pm

Companies

Fiat Chrysler to pay 2.9bn euro special dividend to shareholders on Jan 29

The special dividend, worth 1.84 euros per share, will be paid on Jan. 29, Fiat Chrysler (FCA) said in a statement.
FCA's largest shareholder is Exor, the holding company of Italy's Agnelli family, with a stake of just under 29%.

Published 13 Jan, 2021 06:32pm

Industry

Euro zone November industrial production better than expected

The European Union's statistics office, Eurostat, said industrial output in the 19 countries sharing the euro rose 2.5% in November against October for a 0.6% year-on-year decline.
Industry continues to recover from the first wave, despite all of the second-wave problems that the economy is currently facing.

Published 13 Jan, 2021 06:24pm

Companies

AstraZeneca says to release 2mn vaccine doses a week to UK by mid-Feb

We've released just over 1.1 million doses, to date, and we are scaling up as we've said very rapidly. And this will happen imminently.
We're scaling up to 2 million a week imminently, and certainly we hope to be there on or before the middle of February.

Published 13 Jan, 2021 06:22pm

Money & Banking

ECB's Lagarde pushes back on gloomy forecasts, sticks to recovery outlook

Lagarde says ECB's economic projections still valid.
Projections based on lockdowns ending after Q1.
ECB "very attentive" to exchange rate movements.
Review conclusions, new inflation target to be communicated in one package.

Published 13 Jan, 2021 06:16pm

Companies

Indebted Zambia pays $400mn in VAT refunds to mining firms

Zambia, Africa's second-largest copper producer, is negotiating with creditors to try to get debt relief, after it defaulted on a $42.5 million coupon in November.
The VAT refunds to the mining sector represent 67% of the total such refunds made, Zambia Revenue Authority (ZRA) Commissioner-General Kingsley Chanda said at a media briefing.

Published 13 Jan, 2021 06:14pm

Forex

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

Bitcoin has come out of its niche in recent years and is now bought by ordinary people, investment funds and even large corporations.
(Bitcoin) is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity,

Published 13 Jan, 2021 06:11pm

Companies

Petrobras Distribuidora eyes stake sale in Pecém and Energética Camaçari

CCETC Brasil Holding for the potential sale of a stake in Pecém Energia SA and Energética Camaçari Muricy II.
The price and other conditions for a potential transaction are still under discussion, the filing said.

Published 13 Jan, 2021 06:04pm

Commodities

Gold eases as dollar ticks higher; markets eye stimulus details

US Fed's Beige Book due at 1900 GMT.
Fed officials expect US economy rebound on vaccinations.

Published 13 Jan, 2021 05:59pm

Industry

UK supermarkets want 'urgent intervention' to ensure supplies to Northern Ireland

Three month grace period to adapt systems ends March 31.
UK supermarkets say current proposals "unworkable".
UK supermarkets say long term solution needed before March 31.
Says disruption inevitable if solution not found.

Published 13 Jan, 2021 05:50pm

Companies

India's Infosys raises revenue forecast as demand rises

Larger rival Tata Consultancy Services reported higher third-quarter profit last week and forecast strong growth for the year ahead.
It expects annual revenue in the financial year to end-March 2021 to grow between 4.5% and 5% in constant currency terms, higher than 2% to 3% forecast earlier.

Published 13 Jan, 2021 05:48pm

Companies

Carrefour shares leap on Couche-Tard merger talks

Couche-Tard in exploratory talks with France's Carrefour.
Analysts question benefits of potential deal.
Carrefour shares up more than 13%.

Published 13 Jan, 2021 05:46pm

Telefonica sells mobile phone masts in Europe, Latin America for 7.7bn euros

Telefonica's debt stood at 36.7 billion euros at the end of September.

Published 13 Jan, 2021 05:43pm

Companies

Siemens Gamesa, Siemens Energy tap hydrogen boom in wind alliance

Siemens Gamesa, Siemens Energy to invest 120 mln euro.
Turbines could be market-ready by mid-2020s.
Germany to contribute funds as part of hydrogen plan.

Published 13 Jan, 2021 05:43pm

Companies

China's Sinovac defends COVID-19 vaccine after disappointing Brazil data

CoronaVac 50.4% effective in trial including very mild cases.
Had reported 78% efficacy in mild-to-severe cases.
Chairman says results are good around the world.
Malaysia and Singapore seeking more data.

Published 13 Jan, 2021 05:41pm

Money & Banking

India central bank forms group to evaluate digital lending

Recent spurt and popularity of online lending platforms/ mobile lending apps has raised certain serious concerns which have wider systemic implications.
RBI had issued a public notice about lending apps, warning some engaged in "unscrupulous activities".

Published 13 Jan, 2021 05:37pm

Companies

J&J may not meet US COVID-19 vaccine supply target by spring

US federal officials have been told that J&J has fallen behind its original production schedule and will not catch up until the end of April.
Earlier this week, J&J's chief executive officer said the company was on track to have close to a billion COVID-19 vaccine doses by 2021-end.

Published 13 Jan, 2021 04:43pm

Pakistan’s Textile Exports boost impressive growth in Jul-Dec

“It is heartening to note that textiles sector is maintaining its export growth,” said Dawood in a series of tweets on Wednesday.

Published 13 Jan, 2021 03:33pm

PTA renews Integrated License of PTCL for next 25 years

It is pertinent to inform that PTCL integrated license was issued for 25 years effective from 1st January 1996 and valid until 31st December 2020; therefore-subsequent renewal was required effective from 1st January 2021.

Published 13 Jan, 2021 02:28pm

Companies

Geely and Foxconn team up to build cars for other automakers

Foxconn, whose official name is Hon Hai Precision Industry Co Ltd and is best known as a major supplier to Apple Inc , said in October it aimed to provide components or services to 10% of the world's EVs by 2025-2027.

Published 13 Jan, 2021 02:02pm

Czech headline inflation eases to two-year low

The year-on-year rate slowed from a reading of 2.7% in November and was below a Reuters poll forecast of 2.6%.

Published 13 Jan, 2021 01:58pm

Forex

Kenyan shilling eases due dollar demand from manufacturing sector

At 0815 GMT, commercial banks quoted the shilling at 109.75/95 to the dollar.

Published 13 Jan, 2021 01:56pm

Energy

Oil prices rally further after crude stocks fall more than expected

That was more than analysts' expectations in a Reuters poll for a fall of 2.3 million barrels.

Published 13 Jan, 2021 01:17pm

Integrated Strategy measures lead to significant increase in Pakistan exports: FBR

FBR has stated that Import duties on 1,623 tariff lines, pertaining to basic raw material and intermediate goods were reduced to zero through the Finance Act, 2020.

Published 13 Jan, 2021 01:16pm

Stocks

Tokyo stocks close higher led by tech shares

Chip-testing equipment maker Advantest surged 5.45 percent to 8,710 yen, while chip-making equipment manufacturer Tokyo Electron climbed 5.27 percent to 42,950 yen.

Published 13 Jan, 2021 01:00pm

Uber and Lyft drivers challenge California 'gig worker' ballot

More than $200 million was spent promoting Proposition 22, while only a tenth of that amount was spent by labor groups opposing the measure.

Published 13 Jan, 2021 12:59pm

Stocks

Australia shares set to open slightly lower; NZ rises

New Zealand's benchmark S&P/NZX 50 index rose 0.2% to 13,207.08 points in early trade.

Published 13 Jan, 2021 12:49pm

Commodities

Ivory Coast faces 100,000-tonne cocoa bean pile-up as demand slows

"Since December they stopped and don't pay anymore," said Philippe Ipou Kouadio, a village chief who farms 40 hectares in Soubre region.

Published 13 Jan, 2021 12:43pm

Commodities

Brazil coffee crop seen falling 23% in 2021

Ricardo Tavares, the holding's president, expects international coffee prices to rise in 2021 due to the smaller Brazilian supply.

Published 13 Jan, 2021 12:38pm

Managed Funds

Ireland set to receive 1bn euros from EU Brexit fund

The first 4.2 billion of the 5.4 billion euro fund is due to be distributed this year and Ireland will receive 25%, subject to approval by EU heads of state and the European Parliament, Coveney said in a Twitter post.

Published 13 Jan, 2021 12:25pm

Companies

Egypt follows Gulf allies in reopening airspace to Qatar

Egypt and its Gulf allies imposed the embargo on Qatar over allegations it supports terrorism, allegations Doha denies.

Published 13 Jan, 2021 12:21pm

Commodities

Argentine agriculture ministry says it lifts corn export limit

"These meetings allow us to continue advancing in making private interests compatible with the need of the state to guarantee essential goods throughout the national territory," the ministry's statement said.

Published 13 Jan, 2021 11:54am

Karachi based Artistic Milliners acquires denim factory in Los Angeles

“This acquisition gives us a strategic foothold in the US, in a region with significant geographic and demographic advantages,” said Murtaza Ahmed, Founder at SFI and Executive Director at Artistic Milliners.

Published 13 Jan, 2021 11:43am

Stocks

Australia shares flat as markets eye stimulus, earnings

The ASX 300 metals and mining index rose 1%, led by Iluka Resources, up 5.3%, followed by MACA Ltd , up 4.5?%.

Published 13 Jan, 2021 11:41am

Financial

BOJ will mull cutting this year's growth forecast: Nikkei

Japan declared a limited state of emergency in Tokyo and three neighbouring prefectures last week to stem the spread of the coronavirus.

Published 13 Jan, 2021 11:39am

Stocks

Asian shares make cautious gains after choppy Wall Street session

The US dollar was down a day after hitting its highest since December, and the tighter Treasury yields pushed the greenback down further.

Published 13 Jan, 2021 11:28am

Forex

Australia, NZ dollars resume bull run, bonds outperform

The Australian Office of Financial Management (AOFM) is due to outline its latest borrowing plans on Friday, which could include a syndication of new bond lines.

Published 13 Jan, 2021 11:26am

Companies

Singapore Airlines launches US dollar debt debut

The airline said on Monday its December passenger capacity was down 81.3% compared to the same time last year.

Published 13 Jan, 2021 11:24am

Gainers
Losers
Leaders

Stock	Price
B.R.R. Mod. (R) / Jan 19 B.R.R. Guardian Modaraba (R)(BRRR)	2.54 ▲ 1.17 (70.47%)
Popular Islamic Mod. / Jan 19 Popular Islamic Modaraba(PIM)	6.94 ▲ 1.00 (15.67%)
Pakistan Cables / Jan 19 Pakistan Cables Limited(PCAL)	157.59 ▲ 21.21 (15.07%)
Khurshid Spinng / Jan 19 Khurshid Spinning Mills Limited(KHSM)	18.41 ▲ 1.28 (14.99%)
Khairpur / Jan 19 Khairpur Sugar Mills Limited(KPUS)	52.72 ▲ 6.72 (14.61%)
B.R.R. Mod. / Jan 19 B.R.R. Guardian Modaraba(BRR)	12.50 ▲ 1.30 (11.61%)
Nagina Cot. / Jan 19 Nagina Cotton Mills Limited(NAGC)	57.51 ▲ 4.61 (8.51%)
Pakgen Power / Jan 19 Pakgen Power Limited(PKGP)	25.98 ▲ 1.98 (8.25%)
Tata Textile / Jan 19 Tata Textile Mills Limited(TATM)	56.86 ▲ 3.96 (7.28%)
F.Treet Manuf.Mod / Jan 19 First Treet Manufacturing Modaraba(FTMM)	17.87 ▲ 1.22 (7.26%)

Stock	Price
Sally Tex. / Jan 19 Sally Textile Mills Limited(SLYT)	4.71 ▼ 0.00 (-11.96%)
KASB Mod. / Jan 19 KASB Modaraba(KASBM)	1.60 ▼ 0.31 (-11.11%)
IbrahimFibres / Jan 19 Ibrahim Fibres Limited(IBFL)	105.02 ▼ 6.95 (-10.96%)
Saudi Pak Leas. / Jan 19 Saudi Pak Leasing Company Limited(SPLC)	1.60 ▼ 0.32 (-9.09%)
First Pak Modaraba / Jan 19 First Pak Modaraba(PAKMI)	2.21 ▼ 0.92 (-8.68%)
First Prud Mod. / Jan 19 First Prudential Modaraba(PMI)	2.11 ▼ 1.01 (-8.26%)
Shadman Cotton / Jan 19 Shadman Cotton Mills Limited(SHCM)	22.89 ▼ 1.71 (-6.95%)
Media Times / Jan 19 Media Times Limited(MDTL)	2.05 ▼ 0.22 (-6.82%)
Yousuf Weaving / Jan 19 Yousaf Weaving Mills Limited(YOUW)	4.69 ▼ 0.13 (-6.76%)
Pak. P.V.C. / Jan 19 Pakistan PVC Limited(PPVC)	3.55 ▼ 0.09 (-6.58%)

Stock	Volume
TRG Pak. / Jan 19 TRG Pakistan Limited(TRG)	47,593,500 ▼ 7.79
Fauji Foods / Jan 19 Fauji Foods Limited(FFL)	44,616,500 ▼ 1.25
Hum Network / Jan 19 Hum Network Limited(HUMNL)	38,439,000 ▼ 0.50
K-Electric Ltd / Jan 19 K-Electric Limited(KEL)	33,013,500 ▼ 0.05
Power Cement / Jan 19 Power Cement Limited(POWER)	29,144,000 ▼ 0.89
Unity Foods / Jan 19 Unity Foods Limited(UNITY)	21,084,818 ▼ 0.75
Jahangir Sid. Co. / Jan 19 Jahangir Siddiqui & Co. Ltd.(JSCL)	20,909,000 ▼ 1.94
Fauji Fert. Bin / Jan 19 Fauji Fertilizer Bin Qasim Limited(FFBL)	18,554,500 ▼ 0.50
Pakistan Refinery / Jan 19 Pakistan Refinery Limited(PRL)	18,531,000 ▼ 0.29
Worldcall / Jan 19 Worldcall Telecom Limited(WTL)	18,273,500 ▼ 0.08

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 16	160.35
USD PKR Interbank Buying / Jan 16	160.20
USD to Japanese Yen / Jan 16	103.90
USD to Swiss Franc / Jan 16	0.89
Pound Sterling to USD / Jan 16	1.36
Euro to USD / Jan 16	1.21

Stock	Volume
S&P 500 / Jan 16	3770.02
India Sensex / Jan 16	49034.67
Tokyo Nikkei / Jan 16	28519.18
Nasdaq / Jan 16	12998.50
Hang Seng / Jan 16	28573.86
FTSE 100 / Jan 16	6735.71
Dow Jones / Jan 16	30814.26
Germany DAX 30 / Jan 16	13787.73
France CAC40 / Jan 16	5611.69

Indicator	Value
UK LIBOR % / Jan 16	0.09

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