News Archives for Business & Finance - 2021-04-14

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Business & Finance - 2021-04-14

Price stability as SBP’s primary objective

When Paul Volcker, the then chairman of the Federal Reserve, increased interest rates sharply following an increase...

Published 14 Apr, 2021 10:29pm

Money & Banking

ECB's Lagarde says euro zone economy still on crutches

"Think of a patient which is out of a deep crisis but still on two crutches," Lagarde said.
"You don't want to remove either crutch, the fiscal or the monetary, until the patient can actually walk fine, and to do that means support well into the recovery."

Published 14 Apr, 2021 08:54pm

Forex

Sterling recovers to hit one-week high vs dollar

The pound on Tuesday hit a six-week low against the euro and extended losses against the dollar after the announcement of Andrew Haldane's resignation.
It was 0.1% higher to the euro at 86.77 pence, off a six-week low of 87.11 pence after the Haldane announcement.

Published 14 Apr, 2021 08:47pm

Ireland sees 2-4 year implementation of any OECD corporate tax deal

After the new US administration threw its weight behind a push for a global corporate minimum tax rate last week, Dublin said that how quickly an agreement will be implemented depends on where it comes from and the nature of it.
"If that agreement is led by (US) President Biden, that change could be legislated for by this year and they are working to get an agreement on such a package," Irish Finance Minister Paschal Donohoe told a news conference.

Published 14 Apr, 2021 08:45pm

Commodities

Russia's Rusal to upgrade technology for 35pc of smelter capacity to cut emissions

The new cells will have the same total annual production capacity - of 1.4 million tonnes of aluminium. These four smelters in total produced 2.7 million tonnes of aluminium in 2020, or 71% of the company's output.
The 10-year project will start this year, and investments, which the Hong Kong-listed Rusal is yet to disclose, will peak in 2022-2027.

Published 14 Apr, 2021 08:41pm

Instagram launches test where users can choose to see likes

The photo-sharing site, which is owned by Facebook Inc , said this latest test came after seeing mixed responses to its experiments in which it removed likes, commonly used as a measure of popularity.
Users in the Instagram test will still be able to privately see their own like count. The test will involve a small percentage of global users, but the company declined to say how many.

Published 14 Apr, 2021 08:32pm

Money & Banking

South Africa's electricity, water price hikes pose risk to inflation outlook: central bank

"These risks, should they materialise, could drive headline above the 4.5% target midpoint and possibly dislodge inflation expectations away from the midpoint," the bank said in its bi-annual Monetary Policy Review (MPR).
The South African Reserve Bank (SARB) targets consumer price inflation of between 3% and 6%, and the rate stood at 2.9% in February.

Published 14 Apr, 2021 08:30pm

Energy

US crude stockpiles fall as refiners ramp up output: EIA

Crude inventories fell by 5.9 million barrels in the week to April 9 to 492.4 million barrels, compared with analysts' expectations in a Reuters poll for a 2.9 million-barrel drop.
Oil prices rallied on the report. US crude futures were up $2.50 a barrel, or 4.1%, at $62.68 a barrel, while Brent rose 4% to $66.17 a barrel.

Published 14 Apr, 2021 08:22pm

Forex

Latam FX firm; Mexico's Televisa rockets on Univision merger plans

Televisa soars over 30%, set for best day ever.
Mexican shares jump over 1%, peso hits two-month high.
Brazil Senate launches probe into handling of COVID-19 outbreak.

Published 14 Apr, 2021 08:19pm

Forex

Dollar at three-week lows as Treasury yields subdued

"Until the bond market gets the heebie-jeebies over the inflation fears again I think the long dollar position remains under assault," he said.
Treasury yields have also fallen this week after the Treasury Department saw solid demand for new sales of three-, 10- and 30-year debt on Monday and Tuesday.

Published 14 Apr, 2021 08:18pm

Forex

Canadian dollar lags G10 peers, giving back some of Tuesday's rally

Canadian dollar weakens 0.2% against greenback.
Trades in a range of 1.2530 to 1.2575.
Price of US oil increases 2.1%.
Canadian bond yields rise across the curve.

Published 14 Apr, 2021 08:16pm

Stocks

Qatar leads major Gulf markets higher; Egypt retreats

Brent crude futures rose $1.01, or 1.59%, to $64.68 a barrel.
Saudi Arabia's benchmark index reversed earlier losses to close 0.1% higher, supported by a 0.8% increase in Al Rajhi Bank and a 2% rise in Riyad Bank.

Published 14 Apr, 2021 08:14pm

Stocks

Italy MPs seek autonomy for Milan bourse after Euronext takeover

Euronext to buy Borsa from LSE for $5.1 bln.
Italy cleared deal unconditionally under 'golden powers' rules.
New inquiry could be opened if found necessary.

Published 14 Apr, 2021 08:13pm

Stocks

Wall Street rises as big banks kick off earnings season

Goldman Sachs up as profit jumps on record dealmaking.
JPMorgan falls despite profit surging nearly five-fold.
Coinbase will list on Nasdaq later in the day.
Indexes up: Dow 0.44%, S&P 0.10%, Nasdaq 0.11%.

Published 14 Apr, 2021 08:09pm

Stocks

TSX gains on higher fiscal spending hopes, oil boost

Toronto Stock Exchange's S&P/TSX composite index was up 83.86 points, or 0.44%, at 19,287.56.
The energy sector climbed 1.8% as US crude prices were up 2.1% a barrel, while Brent crude added 2.2%.

Published 14 Apr, 2021 08:09pm

IT and Computers

Sony Launches Two New Smartphones: Xperia 1 III & Xperia 5 III

Sony has finally unveiled two new smartphones: Xperia 1 III and Xperia 5 III.
Sony Xperia 1 III is the more premium offering with its slightly taller and heavier design, whereas Xperia 5 III provides the same experience in a more compact design.

Updated 14 Apr, 2021 08:01pm

Companies

Yamaha's New YBR 125 comes with a Price Hike

Yamaha launched its new YBR 125 with a price hike of Rs. 7000.
The new model will now be priced at Rs. 188,000.

Published 14 Apr, 2021 07:07pm

Commodities

Wheat up 7-9 cents, soy up 6-9 cents, corn up 5-8 cents

CBOT wheat gained overnight, boosted by strength in corn and soybeans as concerns over dryness in Europe and US spring wheat planting regions continue to provide support.
CBOT's most-active wheat contract climbed above its 100-day moving average overnight, nearing its 50-day moving average of $6.40.

Published 14 Apr, 2021 06:19pm

Commodities

Gold holds steady as equities rally offsets softer dollar

US dollar index eases.
US CPI gains by the most in over 8-1/2 years in March.
Not many triggers to move gold much either way – analyst.

Published 14 Apr, 2021 06:13pm

Energy

Oil maintains upward momentum despite fresh coronavirus fears

Prices climb for third session but remain rangebound.
Oil higher on US inventory drop and improved demand outlook.
Weaker US dollar also supportive.
Spike in COVID-19 cases stokes concerns.

Updated 14 Apr, 2021 06:18pm

Industry

Fitch Ratings gets UAE regulator license

The license, effective as of April 6, allows Fitch to provide credit ratings for "onshore" entities listed in SCA-controlled stock exchanges, including the Dubai Financial Market and Abu Dhabi Securities Exchange, Fitch said in a statement.

Published 14 Apr, 2021 05:52pm

Companies

Abu Dhabi's Etihad in talks to divest Air Seychelles stake

The move would leave the Seychelles government as the sole shareholder of Air Seychelles as the Abu Dhabi carrier further unwinds its failed strategy of investing in other airlines.
"It's been formalised as we speak. It's happening right now," said Althius, a former Etihad executive, during an online event by aviation consultancy CAPA.

Published 14 Apr, 2021 05:49pm

Companies

Ford to offer hands-free driving in some car, truck models later this year

The automaker said its BlueCruise technology will be offered on its 2021 model year F-150 pickup trucks and the Mustang Mach-E electric crossovers equipped with its Co-Pilot360 driver assistance package.
Rivals General Motors Co and Tesla Inc also offer similar driving assistance technologies called the 'Super Cruise' and 'Autopilot', respectively.

Published 14 Apr, 2021 05:45pm

Money & Banking

Lebanon's Central Bank calls for swift action to curb subsidies

The bank said it had been forced to sell dollars in recent months to prevent inflation, which has already reached 84%, from spiralling as high as 275%, and the remaining reserves needed to be protected.
The Central Bank said the government should act quickly because of "the danger of the situation and the economic and social impact of any delay."

Published 14 Apr, 2021 05:35pm

Industry

Dollar General to hire up to 20,000 workers as economy rebounds

But the number was lower than the more than 50,000 workers the company hired around the same time last year, which was nearly double its normal hiring rate, to support a surge in sales at its stores at the height of COVID-19 lockdowns.
The discount retailer said in a statement on Wednesday that it would host hiring events from this month to fill positions in its stores, distribution centers and corporate offices.

Published 14 Apr, 2021 05:29pm

Stocks

World stocks post record highs as bond yields ease

European stocks up 0.2%.
US earnings on the radar.
Bond yields near three-week lows.
Bitcoin hits record high, dollar weakens.

Published 14 Apr, 2021 05:23pm

South Africa's retail sales up 2.3pc year on year in February

Retail sales rose 2.3% year on year in February following a revised 3.7% contraction in January. On a monthly basis sales were up 6.9%, but were down 0.9% and in the three months since December.
The food and beverages category showed the biggest turnaround, expanding 8% after contracting a 32.3% contraction in January.

Published 14 Apr, 2021 05:18pm

Industry

India's Infosys posts 17.5pc fourth-quarter profit jump

The company won large deals worth a total of $2.1 billion in the quarter and added 130 clients, up from 84 additions in the same period last year.
Infosys posted consolidated net profit of 50.76 billion rupees ($675.39 million) in the three months to March 31, up from 43.21 billion rupees a year earlier.

Published 14 Apr, 2021 05:15pm

Money & Banking

Wells Fargo profit beats estimates as credit costs stabilize

The fourth-largest US lender said profit rose to $4.74 billion, or $1.05 per share, in the three months ended March, from $653 million, or 1 penny per share, a year earlier.
Since then, an ultra-loose monetary policy, trillions in stimulus support and an accelerated vaccination program have largely put the world's largest economy on a more solid footing.

Published 14 Apr, 2021 05:13pm

Forex

Nigeria naira falls to record intra-day low after FX sale to offshore funds

The bank sold dollars on the 150-day forward markets at 435.81 naira, traders said, near the low on the over-the-counter spot market. It offered the dollar at 410 naira for spot.
The non-deliverable forwards market quoted the naira at 434 to the US dollar in six months' time.

Published 14 Apr, 2021 05:12pm

Money & Banking

Goldman profit smashes expectations on booming investment banking

Overall investment banking revenue rose 73% to $3.77 billion, its highest since 2010, while equities trading surged 68% as a jump in trading by ordinary investors fed stock market volatility.
Global investment banking fee hit an all-time record of $39.4 billion during the March quarter, according to Refinitiv data.

Published 14 Apr, 2021 05:11pm

Commodities

Raw sugar hits three-week high as inflation fears subside

May raw sugar rose 1.8% to 15.71 cents per lb
May white sugar, which expires on Thursday, rose 1.8% to $432 a tonne.
May arabica coffee rose 0.6% to $1.3080 per lb, having hit its highest since mid-March on Tuesday.

Published 14 Apr, 2021 05:01pm

Commodities

Palm unchanged on anticipation of higher production and exports

Output recovering after 6 months of decline
Container shortage hampers exports – broker

Published 14 Apr, 2021 04:58pm

Commodities

Supply angst propels aluminium to multi-year high

Benchmark aluminium on the London Metal Exchange (LME) was up 1% at $2,315 a tonne.
Aluminium, which is used in transport, packaging and construction, earlier touched its highest since June 2018 at $2,323.50 to stand more than 15% up from the start of this year.

Published 14 Apr, 2021 04:51pm

Money & Banking

Uganda central bank holds rates as recovery takes hold

"Economic recovery is proceeding and is stronger than was projected," the bank said in a statement. The economy contracted 1.1% last year, better than a forecast of -2%.
Some of Uganda's tight anti-coronavirus measures -- a night- time curfew, bar and partial school closures -- remain, keeping a lid on economic activity in those sectors.

Published 14 Apr, 2021 04:47pm

Companies

Controversial Toshiba CEO steps down, shares jump on bidding war expectations

Satoshi Tsunakawa, who led the company before Kurumatani and until Wednesday was chairman, will once again assume the helm.
The offer sparked a strong backlash from Toshiba managers, prompting them to lobby against it to the government, said one of the sources. The sources declined to be identified due to the sensitivity of the matter.

Published 14 Apr, 2021 04:44pm

Companies

TSMC suffers power outage at southern Taiwan plant

It cited Alice Cheng, an executive at the science park administration, as saying that most companies there have backup systems in the event of power failure.
The operations of TSMC, whose clients include Apple Inc and Qualcomm Inc, are being closely watched by its customers and investors due to a global shortage of chips for everything from cars to washing machines.

Published 14 Apr, 2021 04:42pm

Money & Banking

JPMorgan profit surges on trading, investment banking boost

Net income rose to $14.3 billion, or $4.50 per share, in the quarter ended March 31, from $2.9 billion, or 78 cents per share, a year earlier. During the quarter, JPMorgan released reserves of $5.2 billion.
Goldman Sachs, Wall Street's premier investment bank, is expected to report results later on Wednesday, followed by Wells Fargo.

Published 14 Apr, 2021 04:39pm

Money & Banking

Russia's Sberbank to expand in logistics in e-commerce push

Sberbank to create hubs to speed goods deliveries – CFO.
Logistics is part of e-commerce push at Russia's top bank.
Sberbank plans to enter clothing market on its own – CFO.
CFO Alexandra Buriko's full quotes in Russian.

Published 14 Apr, 2021 04:36pm

India's Infosys posts 17.5pc fourth-quarter profit jump

Bengaluru-based Infosys said its consolidated net profit climbed to 50.76 billion Indian rupees ($675.39 million) in the three months to March 31, from 43.21 billion rupees a year earlier.
Revenue for the quarter rose to 263.11 billion rupees from 232.67 billion rupees.

Published 14 Apr, 2021 04:30pm

Industry

Tesco sales surge but COVID costs wipe out fifth of pretax profit

Sales up, profit hit by pandemic costs.
Online sales jump.
Pandemic cost Tesco 892 mln stg in UK.
Shares fall 3%.

Published 14 Apr, 2021 04:27pm

Financial

German Bund yields dip as euro zone industrial output declines

Euro zone bond yields, which had been rising in line with US Treasury yields on hopes for a strong economic recovery later this year and increased inflation, dropped 1-3 basis points.
"The global picture is that the manufacturing sector is in rude health and is the sector that is leading the recovery, so perhaps there's a bit of a reaction to that," said ING rates strategist Antoine Bouvet.

Published 14 Apr, 2021 04:24pm

Stocks

Hong Kong shares close higher

The Hang Seng Index jumped 1.42 percent, or 403.58 points, to 28,900.83.

Published 14 Apr, 2021 02:52pm

Google unveils $2bn data hub in Poland

The government has put an emphasis on developing the tech sector.

Published 14 Apr, 2021 02:50pm

EU court rejects Ryanair challenges against state aid for SAS, Finnair

Judges said the Finnair state loan guarantee was necessary in order to remedy the serious disturbance in the Finnish economy in view of the importance of the carrier for that economy.

Published 14 Apr, 2021 02:36pm

Commodities

Jordan tenders to buy 120,000 tonnes feed barley

The deadline for submission of price offers is April 21.

Published 14 Apr, 2021 02:35pm

ECC withdraws customs duty on cotton yarn import

“Now the value-added manufacturers and exporters can import cotton yarns at 0% customs duty,” added Dawood.

Published 14 Apr, 2021 02:34pm

Energy

Total postpones South Africa drilling application, consultancy letter says

An official at SLR Consulting confirmed the authenticity of the letter but did not disclose reasons for the delay.

Published 14 Apr, 2021 02:33pm

Forex

Rouble hits two-week high vs dollar after Biden-Putin call

The dollar-denominated RTS index rose 1.9% to 1,486.5 points.

Published 14 Apr, 2021 02:32pm

Stocks

Australia shares hit 13 month high on gold, tech boost; NZ rises on record low rates

Technology stocks also surged 2.1% on the back of the US consumer price data, tracking overnight gains on the Nasdaq.

Published 14 Apr, 2021 02:30pm

Hammad stresses on to strengthen business ties with KSA

Hammad said that the Pakistani diaspora in Saudi Arabia is a great asset for the country, and the government has taken initiatives such as Roshan Digital Accounts to facilitate non-resident Pakistanis for making investment in Pakistan.

Published 14 Apr, 2021 01:07pm

Ireland set to hike 2021 GDP forecast to 4.5%

However, it is set to surge by 7.5% next year, contributing to GDP growth of 5%.

Published 14 Apr, 2021 12:50pm

Stocks

China shares rise as some IT firms pledge against anti competition; Hang Seng gains

The smaller Shenzhen index was up 0.79%, the start-up board ChiNext Composite index was higher by 1.4% and Shanghai's tech-focused STAR50 index was up 0.84%?.

Published 14 Apr, 2021 12:48pm

Companies

Qantas sees domestic business travel recovery 3 months behind leisure market

In contrast to the brighter domestic outlook, Qantas has grounded its international fleet until at least Oct. 31, with the exception of travel to New Zealand as part of a two-way bubble starting on April 19.

Published 14 Apr, 2021 12:44pm

Stocks

World stocks hit record high as bond yields ease

The US dollar eased along with Treasury yields, slipping to a three-week low to major peers.

Published 14 Apr, 2021 12:37pm

Commodities

Shanghai aluminium near 10-year high on Chinese supply fear

Three-month aluminium on the London Metal Exchange rose 0.4% to $2,303 a tonne, having hit $2,313.50 a tonne, its highest since June 2018, earlier in the session.

Published 14 Apr, 2021 12:35pm

Commodities

German Q1 2021 cocoa grind down 8.1pc on year

Grindings continued to fall because of the impact of the coronavirus crisis, the association said.

Published 14 Apr, 2021 12:33pm

Commodities

Palm reverses early gains on higher output, container shortage

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 14 Apr, 2021 12:12pm

Commodities

CBOT soybeans may test resistance at $14.04-1/2

On the daily chart, the contract found a similar support at $13.76-3/4, around which, a spinning top formed on Tuesday.

Published 14 Apr, 2021 12:10pm

Companies

Norwegian Air to raise more money than planned, CEO says

Financed largely by debt, Norwegian Air grew rapidly, serving routes across Europe and flying to North and South America, Southeast Asia and the Middle East before the COVID-19 pandemic plunged the airline into crisis.

Published 14 Apr, 2021 12:08pm

Energy

Oil maintains upward momentum but virus concerns cap gains

Traders are waiting to see if official inventory data from the US Energy Information Administration (EIA) on Wednesday matches that view.

Published 14 Apr, 2021 12:06pm

Financial

China to broaden stress tests in 2021 to include all 4,024 banks

In April, it issued draft rules imposing additional capital adequacy, leverage ratio, and liquidity management requirements on major banks deemed important to the financial system.

Published 14 Apr, 2021 12:04pm

Stocks

Japanese shares end lower as virus resurgence hits risk appetite

Insurers fell, with Dai-ichi Life Holdings down 2.13% and T&D Holdings losing 3.89%.

Published 14 Apr, 2021 12:03pm

Financial

BOJ Kuroda offers cautiously optimistic view on economy

"Japan's economy remains in a severe situation due to the COVID-19 pandemic although it is picking up as a trend," he said.

Published 14 Apr, 2021 11:56am

Forex

Yuan edges up as markets take US inflation data in stride

The global dollar index fell to 91.763 from the previous close of 91.795.

Published 14 Apr, 2021 11:53am

Mutual Funds

JGB yields fall as BOJ bond operation witnesses decent results

The 30-year JGB yield fell two basis points to 0.650%.

Published 14 Apr, 2021 11:52am

Energy

Canadian crude imports fall 20% in 2020 due to COVID-19 pandemic

"Refineries in the main importing regions of Quebec and Atlantic Canada have been slower to recover from the pandemic impacts compared to refineries in the rest of Canada," the CER said in its analysis.

Published 14 Apr, 2021 11:50am

Energy

US oil may test resistance at $60.94

8 On the daily chart, oil seems to be bouncing towards $61.74 again, around which, the downtrend may resume.

Published 14 Apr, 2021 11:49am

Commodities

Palm oil neutral in 3,659-3,761 ringgit range

On the daily chart, a high-low bottom is developing.

Published 14 Apr, 2021 11:47am

Energy

Brent oil may edge up into $64.46-$65.22 range

A break above $66.15 could lead to a gain into $68.14-$71.38 range.

Published 14 Apr, 2021 11:45am

Bullion Rate

Spot gold may revisit April 8 high of $1,758.45

On the daily chart, gold may have completed a pullback towards a support at $1,724.

Published 14 Apr, 2021 11:44am

Bullion Rate

Gold edges higher as dollar dwindles after US inflation data

The European Central Bank should spell out its tolerance for overshooting its inflation target, ECB policymaker Francois Villeroy de Galhau said on Tuesday.

Published 14 Apr, 2021 11:41am

Forex

Singapore dollar gains slightly after central bank stands pat, GDP surprise

All 15 economists polled by Reuters had forecast the MAS would keep its policy unchanged.

Published 14 Apr, 2021 11:40am

Forex

Dollar slips to three-week low as inflation fears seen baked in for now

Biden phoned Putin to propose they meet in a third country, in a sign of concern about tensions spinning out of control in the Ukraine crisis.

Published 14 Apr, 2021 11:38am

Forex

Australia, NZ dollars rally as risk sentiment survives US inflation test

"Consumers are in a sweet spot at the moment. The labour market is strong, accumulated savings are elevated and it appears households are resilient to a slow vaccine rollout," said CBA economist Belinda Allen.

Published 14 Apr, 2021 11:36am

Forex

Dollar at three-week low on tamped down fears over inflation

Biden phoned Putin to propose they meet in a third country, in a sign of concern about tensions spinning out of control in the Ukraine crisis.

Published 14 Apr, 2021 11:32am

Stocks

Australia shares rise as tech stocks track Wall Street higher

Beach Energy Ltd slipped 2.1%, while Oil Search Ltd lost 1.38%.

Published 14 Apr, 2021 11:31am

Stocks

Australia shares set to rise as commodities, Wall Street shine; NZ up

New Zealand's benchmark S&P/NZX 50 index was up 0.24% to 12687.24 in early trade.

Published 14 Apr, 2021 11:30am

Companies

EasyJet sees more flying from late May

For the six months ended in March, a period when flying has been severely curtailed by the pandemic.

Published 14 Apr, 2021 11:27am

Tesco reports 2bn pounds profit after exceptionally strong sales

After seeing "exceptionally strong" sales during the COVID-19 pandemic.

Published 14 Apr, 2021 11:26am

Financial

Europeans want digital euro to be private, safe and cheap: ECB survey

The ECB is working on creating an electronic form of cash to complement banknotes and coin but a digital euro is unlikely to be a reality for four to five years at a minimum.

Published 14 Apr, 2021 11:24am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

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

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

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

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