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Archive - 2011-07-15
UBL Funds Announces Payouts for Funds
Top News

UBL Funds Announces Payouts for Funds

KARACHI : UBL Fund Managers Limited announced payouts from its open-end funds for the period ended June 30, 2011. UBL Fu
Published 15 Jul, 2011 04:43pm
Boehner in US debt talks
North America

Boehner in US debt talks

WASHINGTON : John Boehner, the top US Republican, is being upstaged in the battle to raise the debt limit by his younger
Published 15 Jul, 2011 03:07pm
Quake shakes buildings in Tokyo
Asia

Quake shakes buildings in Tokyo

TOKYO : A moderate earthquake hit eastern Japan on Friday, shaking buildings in Tokyo , seismologists said, but there
Published 15 Jul, 2011 02:08pm
Syria security forces kill 14: activists
Top News

Syria security forces kill 14: activists

NICOSIA: Syrian security forces opened fire on thousands of demonstrators across the country on Friday, killing 14 and w
Published 15 Jul, 2011 01:56pm
KSE ends 0.65 percent higher
Markets

KSE ends 0.65 percent higher

KARACHI: Fertiliser stocks led the Karachi Stock Exchange (KSE) market higher on Friday, following an increase in urea p
Published 15 Jul, 2011 01:28pm
Royal London in talks to buy Coop units
Top News

Royal London in talks to buy Coop units

LONDON : Royal London , Britain 's biggest mutual insurer, is in exclusive talks to buy the life insurance and asset m
Published 15 Jul, 2011 12:55pm
Syria security forces kill 5
Top News

Syria security forces kill 5

NICOSIA : Security forces opened fire on thousands of demonstrators in the Syrian capital Damascus and in Idlib on Fri
Published 15 Jul, 2011 12:11pm
European shares fall
Financial

European shares fall

LONDON : European shares drifted lower on Friday, as investors awaited the results of EU-wide banking stress tests that
Published 15 Jul, 2011 11:41am
PM for fool proof arrangements for Hajj
Top News

PM for fool proof arrangements for Hajj

ISLAMABD: Prime Minister Syed Yusuf Raza Gilani has urged the Minister for Religious Affaris, Syed Khursheed Shah, to ut
Published 15 Jul, 2011 11:00am
PVMA not slick enough for CCP
BR Research

PVMA not slick enough for CCP

Just like last Ramazan, the government of Punjab has planned to negotiate with manufacturers of essential food items to keep food prices in
Published 15 Jul, 2011 12:00am
Palm oil on a shallow rise
BR Research

Palm oil on a shallow rise

Its been a fickle last few weeks for palm oil. The commodity has witnessed some noteworthy lows and then some unexpected rebound in terms of
Published 15 Jul, 2011 12:00am
European stocks lower

European stocks lower

European stocks ended lower on Thursday, losing ground for the fourth time in five sessions as Moody's warning on US debt and rising Italian bond yields despite a well-bid debt auction rattled investors. The FTSEurofirst 300 index of top European shares c
Published 15 Jul, 2011 12:00am
Seoul shares erase losses

Seoul shares erase losses

Seoul shares ended flat on Thursday, retreating from the morning's losses, as continuing gains in automakers offset a slip in technology issues. Analysts said jittery sentiment on Europe's fiscal future was not critical enough to reverse the upward trend
Published 15 Jul, 2011 12:00am
Southeast Asian markets mostly steady

Southeast Asian markets mostly steady

Southeast Asian stock markets were mostly steady to slightly higher on Thursday despite jitters caused by a Moody's warning about a possible downgrade of its US credit rating that pushed investors towards safe havens such as gold. Trading volume was gener
Published 15 Jul, 2011 12:00am
China shares up; Hong Kong down

China shares up; Hong Kong down

Record-high gold prices lifted Shanghai shares on Thursday, a day when most Asian stock markets were down or flat as investors fretted about debt woes on both sides of the Atlantic Ocean. The Shanghai Composite Index closed up 0.5 percent to 2,810.4 point
Published 15 Jul, 2011 12:00am
Indian shares rise

Indian shares rise

Indian shares rebounded from an early slide on Thursday after a slower-than-expected rise in inflation calmed nerves caused by weak global markets and bomb blasts in Mumbai. Financials led the gains with leading lenders State Bank of India and ICICI Bank
Published 15 Jul, 2011 12:00am
Sweden raids local Nasdaq bourse in competition probe

Sweden raids local Nasdaq bourse in competition probe

Swedish regulators have raided US-owned bourse operator Nasdaq OMX Group in a competition probe likely to raise questions over exchanges' efforts to woo controversial high-frequency traders. The raid, carried out last month, was prompted by a complaint by
Published 15 Jul, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasuries prices fell in late trading on Wednesday after Moody's Investors Service placed the United States on review for possible downgrade, which could strip its prized AAA-rating. The credit ratings agency cited the growing risk that Washington cou
Published 15 Jul, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasuries prices fell in late trading on Wednesday after Moody's Investors Service placed the United States on review for possible downgrade, which could strip its prized AAA-rating. The credit ratings agency cited the growing risk that Washington cou
Published 15 Jul, 2011 12:00am
US stocks end three-day slide

US stocks end three-day slide

US stocks stopped a three-day slide, but ended well off the highs on Wednesday as investors took the suggestion of further Federal Reserve stimulus as a mixed blessing. Stock index futures dropped after Moody's Investors Service said it may cut the United
Published 15 Jul, 2011 12:00am
Thursday's afternoon trade: Wall Street slips

Thursday's afternoon trade: Wall Street slips

US stocks fell on Thursday as investors reassessed comments by the Federal Reserve chairman about economic stimulus and semiconductor shares weakened. During a second day of testimony about the economy, Fed Chairman Ben Bernanke reiterated the US central
Published 15 Jul, 2011 12:00am
Nikkei average slips

Nikkei average slips

The Nikkei stock average fell but did not decisively break a major support on Thursday after Moody's said it may cut the United States' triple-A credit rating, sending the dollar near four-month lows and pressuring exporters. The Nikkei regained some grou
Published 15 Jul, 2011 12:00am
Middle East markets: Abu Dhabi banks lead gains

Middle East markets: Abu Dhabi banks lead gains

Large-cap stocks pushed Abu Dhabi's index to a week high on Thursday, with First Gulf Bank edging up after posting estimate-beating quarterly results, while most other markets ended flat. The lender gained 0.3 percent to 17.85 dirhams. It reported a 13 pe
Published 15 Jul, 2011 12:00am
Sharp, excessive cuts could hurt recovery, says Bernanke

Sharp, excessive cuts could hurt recovery, says Bernanke

US Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that overzealous cuts to government spending in the short term could derail an already fragile recovery and said a US debt default may wreak financial havoc.
Published 15 Jul, 2011 12:00am
Greece reaches 14 billion euros EU funds deal

Greece reaches 14 billion euros EU funds deal

Greece reached a deal with the European Commission on Thursday that gives it access to 14 billion euros of EU funds for badly needed investment in its infrastructure. Greece has received just 4.9 billion of the 20.2 billion euros of such funds earmarked f
Published 15 Jul, 2011 12:00am
Greece reaches 14 billion euros EU funds deal

Greece reaches 14 billion euros EU funds deal

Greece reached a deal with the European Commission on Thursday that gives it access to 14 billion euros of EU funds for badly needed investment in its infrastructure. Greece has received just 4.9 billion of the 20.2 billion euros of such funds earmarked f
Published 15 Jul, 2011 12:00am
India's inflation hits 9.44 percent

India's inflation hits 9.44 percent

India's annual inflation accelerated to 9.44 percent in June, official data showed on Thursday, increasing pressure on the central bank to hike interest rates further. The rise in the benchmark wholesale price index - the government's most-watched cost-of
Published 15 Jul, 2011 12:00am
Overseas growth offsets UK retail pain

Overseas growth offsets UK retail pain

Overseas growth and market share gains are helping British retailers cope with sluggish consumer spending at home and rising raw material costs, updates from chains including Primark, Mothercare and ASOS showed. Discount clothing chain Primark said on Thu
Published 15 Jul, 2011 12:00am
Belarus inflation breaks 10-year record

Belarus inflation breaks 10-year record

Consumer prices in Belarus have shot up by 36.2 percent since the start of the year, the highest inflation rate for a decade, officials said on Thursday. At the same time, the republic has decided to lift cost restrictions off some basic goods that could
Published 15 Jul, 2011 12:00am
Obama calls new debt talks under China pressure

Obama calls new debt talks under China pressure

President Barack Obama called a fifth day of talks Thursday with his Republican foes on averting an early August debt default, as largest US creditor China sounded the alarm over the impact of a possible stalemate. Amid mounting market worries of a ruinou
Published 15 Jul, 2011 12:00am
US jobless claims fall; retail sales timid

US jobless claims fall; retail sales timid

The US economy will struggle to regain speed in the second half of the year, new data on Thursday suggested, as the number of Americans filing for first-time jobless benefits remained high and retail sales barely rose in June. But a drop in energy costs,
Published 15 Jul, 2011 12:00am
J.P Morgan quarterly profit rises

J.P Morgan quarterly profit rises

J.P. Morgan Chase & Co posted a higher-than-expected jump in second-quarter profit as it wrote off fewer bad mortgages and credit card loans. The second-largest US bank managed to make more loans during the quarter than in the first quarter and added staf
Published 15 Jul, 2011 12:00am
J.P Morgan quarterly profit rises

J.P Morgan quarterly profit rises

J.P. Morgan Chase & Co posted a higher-than-expected jump in second-quarter profit as it wrote off fewer bad mortgages and credit card loans. The second-largest US bank managed to make more loans during the quarter than in the first quarter and added staf
Published 15 Jul, 2011 12:00am
Bank bonus clampdown deepens wave of job cuts

Bank bonus clampdown deepens wave of job cuts

Investment bankers are still smarting from Europe's crackdown on bonuses, and not just because this year's cash rewards were smaller than before - many now risk losing their jobs as a result of these very reforms. A big hike in salaries over the last 12 m
Published 15 Jul, 2011 12:00am
China almost doubles rare earth export quota

China almost doubles rare earth export quota

China on Thursday nearly doubled the export quota of rare earths for the second half of the year to 15,738 tonnes, amid tensions with trade partners over its grip on the shipments of raw materials. The quota for the next six months of the year is up 97.3
Published 15 Jul, 2011 12:00am
ConocoPhillips to split into two; shares rise

ConocoPhillips to split into two; shares rise

ConocoPhillips will split itself into two by spinning off its refining arm in hopes that each operation would be worth more as a separate company, it said on Thursday. Shares of ConocoPhillips, the third-largest US oil company, rose nearly 5 percent.
Published 15 Jul, 2011 12:00am
Rio second quarter iron ore output rises

Rio second quarter iron ore output rises

Global miner Rio Tinto is on track to hit its 2011 iron ore production target after posting on Thursday a 12 percent rise in second-quarter output on the year, but its Australian coal operations were still recovering from floods. Flooding and cyclone dama
Published 15 Jul, 2011 12:00am
Rio second quarter iron ore output rises

Rio second quarter iron ore output rises

Global miner Rio Tinto is on track to hit its 2011 iron ore production target after posting on Thursday a 12 percent rise in second-quarter output on the year, but its Australian coal operations were still recovering from floods. Flooding and cyclone dama
Published 15 Jul, 2011 12:00am
Japan says could intervene on yen without warning

Japan says could intervene on yen without warning

A senior Japanese finance ministry official said on Thursday the government could intervene without warning to weaken its currency, escalating a verbal campaign to cool the rising yen that traders say may ultimately prove unsuccessful. The official spoke
Published 15 Jul, 2011 12:00am
Singapore growth slows sharply in second quarter

Singapore growth slows sharply in second quarter

Singapore's economy slowed sharply in the second quarter as industrial production fell due partly to global supply chain disruptions caused by Japan's quake, analysts said Thursday. Softer spending in the United States and other major economies as governm
Published 15 Jul, 2011 12:00am
Cotton prices make some recovery after sizeable plunge

Cotton prices make some recovery after sizeable plunge

After conceding prices in a remarkable way during this week, cotton prices both on the New York cotton futures exchange (ICE) as well as the domestic market made some recoveries to stem any further fall for the time being. However, according to trade talk
Published 15 Jul, 2011 12:00am
Pakistan and India talks to go ahead: Delhi

Pakistan and India talks to go ahead: Delhi

Talks between the foreign ministers of India and Pakistan will take place as planned at the end of July despite the triple blasts in Mumbai, the Indian foreign ministry said Thursday. India has moved to curb speculation about who was behind Wednesday's bo
Published 15 Jul, 2011 12:00am
Cotton prices make some recovery after sizeable plunge

Cotton prices make some recovery after sizeable plunge

After conceding prices in a remarkable way during this week, cotton prices both on the New York cotton futures exchange (ICE) as well as the domestic market made some recoveries to stem any further fall for the time being. However, according to trade talk
Published 15 Jul, 2011 12:00am
Pakistan and India talks to go ahead: Delhi

Pakistan and India talks to go ahead: Delhi

Talks between the foreign ministers of India and Pakistan will take place as planned at the end of July despite the triple blasts in Mumbai, the Indian foreign ministry said Thursday. India has moved to curb speculation about who was behind Wednesday's bo
Published 15 Jul, 2011 12:00am
Canadian canola futures drop

Canadian canola futures drop

ICE Canadian canola futures dipped on Wednesday as farmer selling picked up and caused commercial hedge selling and the Canadian dollar rose, traders said. Stronger US soybeans and grains underpinned canola, while strong economic growth data in China lift
Published 15 Jul, 2011 12:00am
NCA decides: Pakistan to continue pursuing policy of CMD

NCA decides: Pakistan to continue pursuing policy of CMD

The National Command Authority (NCA), which met here under the chairmanship of Prime Minister Yousuf Raza Gilani, decided that Pakistan will continue to pursue its policy of Credible Minimum Deterrence (CMD) as a responsible nuclear weapons state. The 19t
Published 15 Jul, 2011 12:00am
Violence hits trade activity on cotton market

Violence hits trade activity on cotton market

Trading activity on the cotton market almost came to a halt in the metropolis on Thursday, as violence erupted following the remarks by a politician, dealers, who could not reach at their workplace informed when contacted on phone As a result, the Karachi
Published 15 Jul, 2011 12:00am
NCA decides: Pakistan to continue pursuing policy of CMD

NCA decides: Pakistan to continue pursuing policy of CMD

The National Command Authority (NCA), which met here under the chairmanship of Prime Minister Yousuf Raza Gilani, decided that Pakistan will continue to pursue its policy of Credible Minimum Deterrence (CMD) as a responsible nuclear weapons state. The 19t
Published 15 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 131,372 tonnes of cargo including 103,564 tonnes of import cargo, 27,808 tonnes of export cargo and 5,745 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 103,564 tonnes com
Published 15 Jul, 2011 12:00am
US reassures Pakistan on civilian aid

US reassures Pakistan on civilian aid

The United States on Thursday reassured Pakistan that it will keep sending civilian assistance after it deferred $800 million in military aid in a bid to seek what it says greater defence co-operation. Thomas Nides, the US deputy secretary of state for ma
Published 15 Jul, 2011 12:00am
US corn holds near four-week high

US corn holds near four-week high

US corn on Thursday stayed close to a four-week high reached the day before due to supply concerns and a weaker dollar drawing investors into commodities. The greenback fell to a record low against the Swiss franc amid expectations of further monetary eas
Published 15 Jul, 2011 12:00am
US reassures Pakistan on civilian aid

US reassures Pakistan on civilian aid

The United States on Thursday reassured Pakistan that it will keep sending civilian assistance after it deferred $800 million in military aid in a bid to seek what it says greater defence co-operation. Thomas Nides, the US deputy secretary of state for ma
Published 15 Jul, 2011 12:00am
Grain market closed

Grain market closed

Wholesale grain and seed markets were closed on Thursday as the all the city was in grip of violence, traders said in a telephonic talk. The law and order situation is not normal in the city for many days, the businesses and traders are disturbed, so on T
Published 15 Jul, 2011 12:00am
US reassures Pakistan on civilian aid

US reassures Pakistan on civilian aid

The United States on Thursday reassured Pakistan that it will keep sending civilian assistance after it deferred $800 million in military aid in a bid to seek what it says greater defence co-operation. Thomas Nides, the US deputy secretary of state for ma
Published 15 Jul, 2011 12:00am
India's June vegoil imports up 30 percent

India's June vegoil imports up 30 percent

India's vegetable oil imports in June rose by 30 percent to 862,550 tonnes compared to the previous month, a leading trade body said on Thursday, the third straight monthly rise and slightly above the average forecast in a Reuters poll. The imports are th
Published 15 Jul, 2011 12:00am
Petraeus meets Kayani

Petraeus meets Kayani

General David H. Petraeus, Commander of the Nato forces in Afghanistan, on Thursday visited Pakistan and discussed the Pak-Afghan cross border infiltration and issues related to war on terror with Army Chief General Ashfaq Pervez Kayani. According to US E
Published 15 Jul, 2011 12:00am
Indonesia sees six percent growth in annual soyabean demand

Indonesia sees six percent growth in annual soyabean demand

Indonesia's annual soyabean consumption will grow by up to 6 percent because of an increase in population, but Southeast Asia's largest economy is unlikely to reach self-sufficiency in 2014, chairman of the National Soyabean Board said on Thursday.
Published 15 Jul, 2011 12:00am
Petraeus meets Kayani

Petraeus meets Kayani

General David H. Petraeus, Commander of the Nato forces in Afghanistan, on Thursday visited Pakistan and discussed the Pak-Afghan cross border infiltration and issues related to war on terror with Army Chief General Ashfaq Pervez Kayani. According to US E
Published 15 Jul, 2011 12:00am
Message from Director General SCO

Message from Director General SCO

By the Grace of Allah, SCO has completed 35 years of continued devotion to the cause of expanding comprehensive IT and Telecom facilities to the people of most rugged areas of AJ&K and Gilgit Baltistan. SCO's subscribers are living in the most difficult a
Published 15 Jul, 2011 12:00am
Shuja Pasha meets Morell

Shuja Pasha meets Morell

Director General Inter Services Intelligence (ISI), Lieutenant General Shuja Ahmed Pasha, met acting director CIA, Michael Morell, a private TV channel reported. They discussed matter related to Shamshi airbase, continued US drone attacks in Pakistan and
Published 15 Jul, 2011 12:00am
Achievements

Achievements

SCO during the past one year remained committed in expanding and providing telecomm facilities to the people of far-flung and mountainous regions of AJ&K /GB. SCO has the unique honour of providing all brands of telecomm services from voice to data. By th
Published 15 Jul, 2011 12:00am
Shuja Pasha meets Morell

Shuja Pasha meets Morell

Director General Inter Services Intelligence (ISI), Lieutenant General Shuja Ahmed Pasha, met acting director CIA, Michael Morell, a private TV channel reported. They discussed matter related to Shamshi airbase, continued US drone attacks in Pakistan and
Published 15 Jul, 2011 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 15 Jul, 2011 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 15 Jul, 2011 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 Thursday (July 14, 2011).

Published 15 Jul, 2011 12:00am
Concessions to China under FTA: Japan unhappy with Pakistan

Concessions to China under FTA: Japan unhappy with Pakistan

Japan is reportedly unhappy with Pakistan for extending zero tariffs on textile and other machinery imported from China under the Free Trade Agreement (FTA), well informed sources told Business Recorder. "Pakistan has provided market access to Chin
Published 15 Jul, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (July 14, 2011).

Published 15 Jul, 2011 12:00am
Concessions to China under FTA: Japan unhappy with Pakistan

Concessions to China under FTA: Japan unhappy with Pakistan

Japan is reportedly unhappy with Pakistan for extending zero tariffs on textile and other machinery imported from China under the Free Trade Agreement (FTA), well informed sources told Business Recorder. "Pakistan has provided market access to Chin
Published 15 Jul, 2011 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 Thursday (July 14, 2011).

Published 15 Jul, 2011 12:00am
Concessions to China under FTA: Japan unhappy with Pakistan

Concessions to China under FTA: Japan unhappy with Pakistan

Japan is reportedly unhappy with Pakistan for extending zero tariffs on textile and other machinery imported from China under the Free Trade Agreement (FTA), well informed sources told Business Recorder. "Pakistan has provided market access to Chin
Published 15 Jul, 2011 12:00am
Tentative date for talks with IMF finalised

Tentative date for talks with IMF finalised

Ministry of Finance has reportedly finalised tentative date of talks with the International Monetary Fund (IMF) from July 20-27 for formal review of the economy under the International Monetary Fund's (IMF) Stand-By-Arrangement (SBA), it was learnt. Sourc
Published 15 Jul, 2011 12:00am
Tentative date for talks with IMF finalised

Tentative date for talks with IMF finalised

Ministry of Finance has reportedly finalised tentative date of talks with the International Monetary Fund (IMF) from July 20-27 for formal review of the economy under the International Monetary Fund's (IMF) Stand-By-Arrangement (SBA), it was learnt. Sourc
Published 15 Jul, 2011 12:00am
Tentative date for talks with IMF finalised

Tentative date for talks with IMF finalised

Ministry of Finance has reportedly finalised tentative date of talks with the International Monetary Fund (IMF) from July 20-27 for formal review of the economy under the International Monetary Fund''s (IMF) Stand-By-Arrangement (SBA), it was learnt. Sour
Published 15 Jul, 2011 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 Thursday (July 14, 2011).

Published 15 Jul, 2011 12:00am
Provincial level: government setting up power regulatory authorities

Provincial level: government setting up power regulatory authorities

The government is setting up power regulatory authorities at the provincial level as National Electric Power Regulatory Authority (Nepra) is only engaged in tariff determinations and monthly fuel adjustments, well-informed sources in the Ministry of Water
Published 15 Jul, 2011 12:00am
Provincial level: government setting up power regulatory authorities

Provincial level: government setting up power regulatory authorities

The government is setting up power regulatory authorities at the provincial level as National Electric Power Regulatory Authority (Nepra) is only engaged in tariff determinations and monthly fuel adjustments, well-informed sources in the Ministry of Water
Published 15 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 14, 2011).
Published 15 Jul, 2011 12:00am
Provincial level: government setting up power regulatory authorities

Provincial level: government setting up power regulatory authorities

The government is setting up power regulatory authorities at the provincial level as National Electric Power Regulatory Authority (Nepra) is only engaged in tariff determinations and monthly fuel adjustments, well-informed sources in the Ministry of Water
Published 15 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 14, 2011).

Published 15 Jul, 2011 12:00am
Index gains 4.81 points

Index gains 4.81 points

The Karachi Stock Market on Thursday opened on a negative note and the KSE-100 index hit 12,186.69 points intra-day low level due to deteriorating law and order situation in the city. However, late buying in some selective stocks supported the index to re
Published 15 Jul, 2011 12:00am
Index gains 4.81 points

Index gains 4.81 points

The Karachi Stock Market on Thursday opened on a negative note and the KSE-100 index hit 12,186.69 points intra-day low level due to deteriorating law and order situation in the city. However, late buying in some selective stocks supported the index to re
Published 15 Jul, 2011 12:00am
Index gains 4.81 points

Index gains 4.81 points

The Karachi Stock Market on Thursday opened on a negative note and the KSE-100 index hit 12,186.69 points intra-day low level due to deteriorating law and order situation in the city. However, late buying in some selective stocks supported the index to re
Published 15 Jul, 2011 12:00am
Brindex30 down 18.96 points

Brindex30 down 18.96 points

On Thursday, BRIndex30 opened at 8,737.20 and remained negative throughout the trading session. It touched an intraday high of 8,737.20 and an intraday Low of 8,682.47 and closed at 8,718.24 which was -18.96 points or -0.22 percent lower than previous clo
Published 15 Jul, 2011 12:00am
Brindex30 down 18.96 points

Brindex30 down 18.96 points

On Thursday, BRIndex30 opened at 8,737.20 and remained negative throughout the trading session. It touched an intraday high of 8,737.20 and an intraday Low of 8,682.47 and closed at 8,718.24 which was -18.96 points or -0.22 percent lower than previous clo
Published 15 Jul, 2011 12:00am
KSE suspends trading at 1.45pm

KSE suspends trading at 1.45pm

Due to prevailing situation in the city, the Governing Board of Karachi Stock Exchange (KSE) on Thursday decided to suspend the market at 01:45pm. The KSE board through a notice sent to all members during mid day, informed that the window for trade rectif
Published 15 Jul, 2011 12:00am
KSE suspends trading at 1.45pm

KSE suspends trading at 1.45pm

Due to prevailing situation in the city, the Governing Board of Karachi Stock Exchange (KSE) on Thursday decided to suspend the market at 01:45pm. The KSE board through a notice sent to all members during mid day, informed that the window for trade rectif
Published 15 Jul, 2011 12:00am
KSE suspends trading at 1.45pm

KSE suspends trading at 1.45pm

Due to prevailing situation in the city, the Governing Board of Karachi Stock Exchange (KSE) on Thursday decided to suspend the market at 01:45pm. The KSE board through a notice sent to all members during mid day, informed that the window for trade rectif
Published 15 Jul, 2011 12:00am
Gold at record; stocks slip

Gold at record; stocks slip

Gold prices hit a record high on Thursday in the wake of Moody's warning that the US government may lose its top credit rating, while stocks and oil prices fell on comments by Fed Chairman Ben Bernanke. Stocks reversed early gains after the US central ban
Published 15 Jul, 2011 12:00am
Gold at record; stocks slip

Gold at record; stocks slip

Gold prices hit a record high on Thursday in the wake of Moody's warning that the US government may lose its top credit rating, while stocks and oil prices fell on comments by Fed Chairman Ben Bernanke. Stocks reversed early gains after the US central ban
Published 15 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (July 14, 2011).

Published 15 Jul, 2011 12:00am
Gold at record; stocks slip

Gold at record; stocks slip

Gold prices hit a record high on Thursday in the wake of Moody''s warning that the US government may lose its top credit rating, while stocks and oil prices fell on comments by Fed Chairman Ben Bernanke. Stocks reversed early gains after the US central ba
Published 15 Jul, 2011 12:00am
Deutsche Boerse clinches $9.7 billion NYSE Euronext deal

Deutsche Boerse clinches $9.7 billion NYSE Euronext deal

Germany's Deutsche Boerse AG pulled off a $9.7 billion take-over of NYSE Euronext as shareholders approved a deal to create the world's largest exchange operator amid resistance in Frankfurt. The tie-up between NYSE and the German exchange is the latest m
Published 15 Jul, 2011 12:00am
Deutsche Boerse clinches $9.7 billion NYSE Euronext deal

Deutsche Boerse clinches $9.7 billion NYSE Euronext deal

Germany's Deutsche Boerse AG pulled off a $9.7 billion take-over of NYSE Euronext as shareholders approved a deal to create the world's largest exchange operator amid resistance in Frankfurt. The tie-up between NYSE and the German exchange is the latest m
Published 15 Jul, 2011 12:00am
Deutsche Boerse clinches $9.7 billion NYSE Euronext deal

Deutsche Boerse clinches $9.7 billion NYSE Euronext deal

Germany''s Deutsche Boerse AG pulled off a $9.7 billion take-over of NYSE Euronext as shareholders approved a deal to create the world''s largest exchange operator amid resistance in Frankfurt. The tie-up between NYSE and the German exchange is the latest
Published 15 Jul, 2011 12:00am
Budget 2011-12: FBR forgot to reduce one percent ST on 70 items

Budget 2011-12: FBR forgot to reduce one percent ST on 70 items

The Federal Board of Revenue forgot to reduce one percent sales tax on nearly 70 items/raw materials in budget (2011-12) attracting higher rate of sales tax up to 22 percent despite one percent overall reduction in sales tax rate from 17 to 16 percent. Ta
Published 15 Jul, 2011 12:00am
Budget 2011-12: FBR forgot to reduce one percent ST on 70 items

Budget 2011-12: FBR forgot to reduce one percent ST on 70 items

The Federal Board of Revenue forgot to reduce one percent sales tax on nearly 70 items/raw materials in budget (2011-12) attracting higher rate of sales tax up to 22 percent despite one percent overall reduction in sales tax rate from 17 to 16 percent. Ta
Published 15 Jul, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Jul, 2011 12:00am
Budget 2011-12: FBR forgot to reduce one percent ST on 70 items

Budget 2011-12: FBR forgot to reduce one percent ST on 70 items

The Federal Board of Revenue forgot to reduce one percent sales tax on nearly 70 items/raw materials in budget (2011-12) attracting higher rate of sales tax up to 22 percent despite one percent overall reduction in sales tax rate from 17 to 16 percent. Ta
Published 15 Jul, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 15 Jul, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jul, 2011 12:00am
President summons Mirza

President summons Mirza

President Asif Ali Zardari on Thursday summoned Sindh Senior Minister Zulfiqar Mirza to Islamabad following a controversial statement that led to large scale protests in some parts of the country. Spokesperson of the President, Farhatullah Babar said that
Published 15 Jul, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jul, 2011 12:00am
President summons Mirza

President summons Mirza

President Asif Ali Zardari on Thursday summoned Sindh Senior Minister Zulfiqar Mirza to Islamabad following a controversial statement that led to large scale protests in some parts of the country. Spokesperson of the President, Farhatullah Babar said that
Published 15 Jul, 2011 12:00am
Mirza regrets the violence of his words

Mirza regrets the violence of his words

Sindh Senior Minister for Works and Services, Dr Zulfiqar Mirza has said that his remarks at a reception here on Wednesday night were not intended to harm the sentiments of any community. According to a statement issued here on Thursday by his spokesperso
Published 15 Jul, 2011 12:00am
Mirza regrets the violence of his words

Mirza regrets the violence of his words

Sindh Senior Minister for Works and Services, Dr Zulfiqar Mirza has said that his remarks at a reception here on Wednesday night were not intended to harm the sentiments of any community. According to a statement issued here on Thursday by his spokesperso
Published 15 Jul, 2011 12:00am
No industrial activity across city

No industrial activity across city

Industrial activities in all the five industrial units of Karachi remained paralysed on Thursday following Senior Minister Sindh Dr Zulfikar Mirza's statement against MQM Chief Altaf Hussain. The closure of industrial units has been the cause of major los
Published 15 Jul, 2011 12:00am
No industrial activity across city

No industrial activity across city

Industrial activities in all the five industrial units of Karachi remained paralysed on Thursday following Senior Minister Sindh Dr Zulfikar Mirza's statement against MQM Chief Altaf Hussain. The closure of industrial units has been the cause of major los
Published 15 Jul, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (July 14, 2011).

Published 15 Jul, 2011 12:00am
No industrial activity across city

No industrial activity across city

Industrial activities in all the five industrial units of Karachi remained paralysed on Thursday following Senior Minister Sindh Dr Zulfikar Mirza''s statement against MQM Chief Altaf Hussain. The closure of industrial units has been the cause of major lo
Published 15 Jul, 2011 12:00am
FDI posts decline for third year in a row

FDI posts decline for third year in a row

Foreign Direct Investment (FDI) fell for the third straight year. In FY11, FDI posted a decline mainly due to adverse law & order situation, lack of infrastructure and rising energy shortfall. The State Bank of Pakistan on Thursday revealed that FDI has n
Published 15 Jul, 2011 12:00am
FDI posts decline for third year in a row

FDI posts decline for third year in a row

Foreign Direct Investment (FDI) fell for the third straight year. In FY11, FDI posted a decline mainly due to adverse law & order situation, lack of infrastructure and rising energy shortfall. The State Bank of Pakistan on Thursday revealed that FDI has n
Published 15 Jul, 2011 12:00am
FDI posts decline for third year in a row

FDI posts decline for third year in a row

Foreign Direct Investment (FDI) fell for the third straight year. In FY11, FDI posted a decline mainly due to adverse law & order situation, lack of infrastructure and rising energy shortfall. The State Bank of Pakistan on Thursday revealed that FDI has n
Published 15 Jul, 2011 12:00am
Four take oath as Sindh ministers

Four take oath as Sindh ministers

Four members of Sindh Assembly took oath as provincial ministers at a simple but impressive ceremony held at the Governor's House, here on Thursday. The Acting Governor of Sindh, Nisar Ahmed Khuhro, administered the oath. Jam Madad Ali, Muhammad Rafiq Bha
Published 15 Jul, 2011 12:00am
Four take oath as Sindh ministers

Four take oath as Sindh ministers

Four members of Sindh Assembly took oath as provincial ministers at a simple but impressive ceremony held at the Governor's House, here on Thursday. The Acting Governor of Sindh, Nisar Ahmed Khuhro, administered the oath. Jam Madad Ali, Muhammad Rafiq Bha
Published 15 Jul, 2011 12:00am
LSE index down marginally

LSE index down marginally

Equities on Thursday moved both the ways on the Lahore Stock Exchange and finally ended with marginal declines due to lacking buying support, as most of the investors stayed on the sidelines. The LSE-25 index slightly declined by 3.92 points and was close
Published 15 Jul, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Declining trend was seen on the currency market on Thursday as the rupee drifted lower in terms of dollar in process of trading, experts said. The rupee gave up its firmness, shedding 11 paisa in terms of dollar for buying and selling at 85.93 and 85.95,
Published 15 Jul, 2011 12:00am
LSE index down marginally

LSE index down marginally

Equities on Thursday moved both the ways on the Lahore Stock Exchange and finally ended with marginal declines due to lacking buying support, as most of the investors stayed on the sidelines. The LSE-25 index slightly declined by 3.92 points and was close
Published 15 Jul, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Declining trend was seen on the currency market on Thursday as the rupee drifted lower in terms of dollar in process of trading, experts said. The rupee gave up its firmness, shedding 11 paisa in terms of dollar for buying and selling at 85.93 and 85.95,
Published 15 Jul, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 12.57 points as the ISE Ten Index moved from 2,725.89 to 2713.32 p
Published 15 Jul, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 12.57 points as the ISE Ten Index moved from 2,725.89 to 2713.32 p
Published 15 Jul, 2011 12:00am
Hina hails support extended by FoDP partners

Hina hails support extended by FoDP partners

Minister of State for Foreign Affairs, Hina Rabbani Khar chaired a meeting of the Friends of Democratic Pakistan (FoDP), wherein Islamabad-based representatives of FoDP countries/organisations attended the meeting, says a press release received here on Th
Published 15 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 14, 2011).

Published 15 Jul, 2011 12:00am
Hina hails support extended by FoDP partners

Hina hails support extended by FoDP partners

Minister of State for Foreign Affairs, Hina Rabbani Khar chaired a meeting of the Friends of Democratic Pakistan (FoDP), wherein Islamabad-based representatives of FoDP countries/organisations attended the meeting, says a press release received here on Th
Published 15 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 14, 2011).

Published 15 Jul, 2011 12:00am
Engro raises urea price

Engro raises urea price

Engro has announced to raise urea price by Rs 125 per bag, owing to shortage of gas. Sources said that Engro would increase urea price by Rs 125 per bag plus Rs 20 GST with effect from July 15, 2011. The total impact of the increase would be Rs 145 per ba
Published 15 Jul, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (July 14, 2011).

Published 15 Jul, 2011 12:00am
Engro raises urea price

Engro raises urea price

Engro has announced to raise urea price by Rs 125 per bag, owing to shortage of gas. Sources said that Engro would increase urea price by Rs 125 per bag plus Rs 20 GST with effect from July 15, 2011. The total impact of the increase would be Rs 145 per ba
Published 15 Jul, 2011 12:00am
Engro raises urea price

Engro raises urea price

Engro has announced to raise urea price by Rs 125 per bag, owing to shortage of gas. Sources said that Engro would increase urea price by Rs 125 per bag plus Rs 20 GST with effect from July 15, 2011. The total impact of the increase would be Rs 145 per ba
Published 15 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 15 Jul, 2011 12:00am
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