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Archive - 2011-12-21
Egyptians vote after deadly clashes
Top News

Egyptians vote after deadly clashes

CAIRO: Egyptians trickled into polling stations on Wednesday in the run-off of a staggered election marred by clashes be
Published 21 Dec, 2011 10:49pm
Country to produce 12.598mn bales: CCAC
Top News

Country to produce 12.598mn bales: CCAC

ISLAMABAD: The Cotton Crop Assessment Committee (CCAC) in its second meeting here informed that a total of of 12.598 mil
Published 21 Dec, 2011 03:47pm
ISE-10 stays bearish
Markets

ISE-10 stays bearish

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bearish trend as the index was down by 35.61 po
Published 21 Dec, 2011 03:38pm
Nawaz demands early election
Top News

Nawaz demands early election

ISLAMABAD : Pakistan Muslim League Nawaz (PML-N) Chief Nawaz Sharif is demanding early elections amid speculation that
Published 21 Dec, 2011 08:01am
NA session starts
Pakistan

NA session starts

ISLAMABAD: Another Session of National Assembly started here on Wednesday from the recitation of the Holy Quran. Deputy
Published 21 Dec, 2011 07:35am
Fazl resents MFN status to India
Top News

Fazl resents MFN status to India

SAFDAR RASHEED LAHORE : Fazlur Rehman, chairman of parliament's Kashmir Committee, strongly condemned the MFN status
Published 21 Dec, 2011 05:32am
Oil higher on US data
Energy

Oil higher on US data

SINGAPORE: Oil rose in Asian trade Wednesday as investors drew confidence from positive US data, analysts said. New Yor
Published 21 Dec, 2011 03:44am
SBPs FY11 economic roundup
BR Research

SBPs FY11 economic roundup

The call for improvement in governance as practiced in Pakistan is high on analysts agenda these days. Even SBPs latest annual report for FY
Published 21 Dec, 2011 12:00am
Australia warns of 'sharp' Europe downturn

Australia warns of 'sharp' Europe downturn

Australia's central bank on Tuesday said there was a "non-trivial" possibility of a severe contraction in the eurozone economy, leaving the door open for further interest rate cuts in 2012. The Reserve Bank of Australia (RBA) said downside risks to the gl
Published 21 Dec, 2011 12:00am
Danish economy sputters, govt sees 2013 recovery

Danish economy sputters, govt sees 2013 recovery

Denmark cut its growth forecasts and raised its deficit estimates on Tuesday from projections made just a month ago, reflecting growing pressure on an economy that analysts believe has slipped back into recession. Citing the impact of the global downturn
Published 21 Dec, 2011 12:00am
Repsol rescues Sacyr from debt pain

Repsol rescues Sacyr from debt pain

Spanish oil major Repsol came to the rescue of debt-laden shareholder Sacyr on Tuesday, buying 10 percent of its own shares for 2.57 billion euros ($3.35 billion) in a last-minute deal to help the builder refinance a loan. Had it not stepped in to buy the
Published 21 Dec, 2011 12:00am
Seedcotton prices rise on Prime Minister's assurance to PCGA

Seedcotton prices rise on Prime Minister's assurance to PCGA

seddcotton prices showed substantial rise on the cotton market on Tuesday following the Prime Minister's assurance to the Pakistan Cotton Ginners Association (PCGA) that the Trading Corporation of Pakistan (TCP) would intervene and also directed the conce
Published 21 Dec, 2011 12:00am
Oil cake market rates

Oil cake market rates

Sharp fall was witnessed on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December contract that had ended at Rs 1303.20 opened with steep slide of Rs 2.00 at Rs 1301.20. The January vaida which closed at Rs 117
Published 21 Dec, 2011 12:00am
Guwar prices rise sharply on grain market

Guwar prices rise sharply on grain market

Modest trading was seen on the wholesale grain market on Tuesday where guwar prices went up sharply due to tight supply and strong demand, experts said. On the cereal side guwar Sindh low type was higher by Rs 600 to Rs 8000 and best quality was up by Rs
Published 21 Dec, 2011 12:00am
Vietnamese coffee sales to pick up in January

Vietnamese coffee sales to pick up in January

Premiums of Vietnamese coffee prices to London futures narrowed this week as more fresh beans from the country's harvest arrived but exporters may have delayed some of their deliveries due this month due to slow domestic purchases, traders said on Tuesday
Published 21 Dec, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 106,211 tonnes of cargo comprising 48,982 tonnes of import cargo and 57,229 tonnes of export cargo including 5,431 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 48,982 ton
Published 21 Dec, 2011 12:00am
Corn export premiums lower at US Gulf Coast

Corn export premiums lower at US Gulf Coast

Export premiums for corn at the US Gulf Coast were lower on Monday, sinking in tandem with weaker CIF values amid sluggish export demand, traders said. Competition from lower-cost corn suppliers and from cheaper feed wheat restricting demand from many buy
Published 21 Dec, 2011 12:00am
Thailand seen buying more natural gas from Myanmar

Thailand seen buying more natural gas from Myanmar

Thailand is expected to buy at least 2 billion cubic feet per day (cf/d) of natural gas from resource-rich Myanmar over the next 20 years to meet rising energy demand, an energy ministry official said on Tuesday. Songpob Polchan, Director-General of the D
Published 21 Dec, 2011 12:00am
Rising coal costs to hit Indian power projects

Rising coal costs to hit Indian power projects

The rising cost of imported coal, coupled with a weakening rupee, could force some Indian power projects to default on their debt obligations, ratings agency Fitch said on Tuesday. Fitch estimated that the average cost of generation could rise to 4.41 rup
Published 21 Dec, 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 21 Dec, 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 21 Dec, 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 Tuesday (December 20, 2011).

Published 21 Dec, 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 Tuesday (December 20, 2011).

Published 21 Dec, 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 Tuesday (December 20, 2011).

Published 21 Dec, 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 Tuesday (December 20, 2011).

Published 21 Dec, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (December 20, 2011).
Published 21 Dec, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (December 20, 2011).

Published 21 Dec, 2011 12:00am
Prime Minister, ANP chief discuss situation with Zardari

Prime Minister, ANP chief discuss situation with Zardari

Prime Minister Yousuf Raza Gilani and ANP President Asfandyar Wali Khan together met President Asif Ali Zardari at Bilawal House, here Tuesday. Sindh Chief Minister Syed Qaim Ali Shah was also present in the meeting. Spokesman Farhatullah Babar said PM Gi
Published 21 Dec, 2011 12:00am
Prime Minister, ANP chief discuss situation with Zardari

Prime Minister, ANP chief discuss situation with Zardari

Prime Minister Yousuf Raza Gilani and ANP President Asfandyar Wali Khan together met President Asif Ali Zardari at Bilawal House, here Tuesday. Sindh Chief Minister Syed Qaim Ali Shah was also present in the meeting. Spokesman Farhatullah Babar said PM Gi
Published 21 Dec, 2011 12:00am
14 percent hike in gas prices: with effect from January 1

14 percent hike in gas prices: with effect from January 1

The government has finalised a massive increase in gas prices for all sectors under Petroleum Levy on Liquefied Petroleum Gas (LPG) and Gas Infrastructure Development Surcharge (GIDS) for fertiliser, industrial, commercial and domestic consumers wef Janua
Published 21 Dec, 2011 12:00am
14 percent hike in gas prices: with effect from January 1

14 percent hike in gas prices: with effect from January 1

The government has finalised a massive increase in gas prices for all sectors under Petroleum Levy on Liquefied Petroleum Gas (LPG) and Gas Infrastructure Development Surcharge (GIDS) for fertiliser, industrial, commercial and domestic consumers wef Janua
Published 21 Dec, 2011 12:00am
14 percent hike in gas prices: with effect from January 1

14 percent hike in gas prices: with effect from January 1

The government has finalised a massive increase in gas prices for all sectors under Petroleum Levy on Liquefied Petroleum Gas (LPG) and Gas Infrastructure Development Surcharge (GIDS) for fertiliser, industrial, commercial and domestic consumers wef Janua
Published 21 Dec, 2011 12:00am
Abbottabad operation: I had no prior knowledge, Haqqani tells commission

Abbottabad operation: I had no prior knowledge, Haqqani tells commission

Pakistan's former ambassador to the US Husain Haqqani appeared in person before the interactive session of Abbottabad Commission on Tuesday. Responding to queries, Haqqani told the commission that he did not have prior knowledge about a unilateral operati
Published 21 Dec, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (December 20, 2011).

Published 21 Dec, 2011 12:00am
Abbottabad operation: I had no prior knowledge, Haqqani tells commission

Abbottabad operation: I had no prior knowledge, Haqqani tells commission

Pakistan's former ambassador to the US Husain Haqqani appeared in person before the interactive session of Abbottabad Commission on Tuesday. Responding to queries, Haqqani told the commission that he did not have prior knowledge about a unilateral operati
Published 21 Dec, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (December 20, 2011).

Published 21 Dec, 2011 12:00am
Cotton production: CCAC raises estimate to 12.598 million bales

Cotton production: CCAC raises estimate to 12.598 million bales

The Cotton Crop Assessment Committee (CCAC) has revised upward the current season (2011-12) cotton production estimate to 12.598 million bales against the initial estimate of 12.22 million bales. The decision was taken in the CCAC's meeting held here on T
Published 21 Dec, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (December 20, 2011).

Published 21 Dec, 2011 12:00am
Cotton production: CCAC raises estimate to 12.598 million bales

Cotton production: CCAC raises estimate to 12.598 million bales

The Cotton Crop Assessment Committee (CCAC) has revised upward the current season (2011-12) cotton production estimate to 12.598 million bales against the initial estimate of 12.22 million bales. The decision was taken in the CCAC's meeting held here on T
Published 21 Dec, 2011 12:00am
Cotton production: CCAC raises estimate to 12.598 million bales

Cotton production: CCAC raises estimate to 12.598 million bales

The Cotton Crop Assessment Committee (CCAC) has revised upward the current season (2011-12) cotton production estimate to 12.598 million bales against the initial estimate of 12.22 million bales. The decision was taken in the CCAC''s meeting held here on
Published 21 Dec, 2011 12:00am
IP, Tapi projects: ECC panel to review progress tomorrow

IP, Tapi projects: ECC panel to review progress tomorrow

The Economic Co-ordination Committee's subcommittee on two important proposed gas import projects-Turkmenistan-Afghanistan-Pakistan-India (TAPI), and Iran-Pakistan (IP)-is scheduled to review the progress on the projects' management strategy and other iss
Published 21 Dec, 2011 12:00am
IP, Tapi projects: ECC panel to review progress tomorrow

IP, Tapi projects: ECC panel to review progress tomorrow

The Economic Co-ordination Committee's subcommittee on two important proposed gas import projects-Turkmenistan-Afghanistan-Pakistan-India (TAPI), and Iran-Pakistan (IP)-is scheduled to review the progress on the projects' management strategy and other iss
Published 21 Dec, 2011 12:00am
IP, Tapi projects: ECC panel to review progress tomorrow

IP, Tapi projects: ECC panel to review progress tomorrow

The Economic Co-ordination Committee''s subcommittee on two important proposed gas import projects-Turkmenistan-Afghanistan-Pakistan-India (TAPI), and Iran-Pakistan (IP)-is scheduled to review the progress on the projects'' management strategy and other i
Published 21 Dec, 2011 12:00am
Hiring of auditors: OGDCL refuses to implement PPRA rules

Hiring of auditors: OGDCL refuses to implement PPRA rules

Oil and Gas Development Company Limited (OGDCL) has reportedly refused to implement Public Procurement Rules Authority 2004 in hiring of auditors. "PPRA Rules 2004 however cannot in any manner override the provisions of the Companies Ordinance and attribu
Published 21 Dec, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Dec, 2011 12:00am
Hiring of auditors: OGDCL refuses to implement PPRA rules

Hiring of auditors: OGDCL refuses to implement PPRA rules

Oil and Gas Development Company Limited (OGDCL) has reportedly refused to implement Public Procurement Rules Authority 2004 in hiring of auditors. "PPRA Rules 2004 however cannot in any manner override the provisions of the Companies Ordinance and attribu
Published 21 Dec, 2011 12:00am
Hiring of auditors: OGDCL refuses to implement PPRA rules

Hiring of auditors: OGDCL refuses to implement PPRA rules

Oil and Gas Development Company Limited (OGDCL) has reportedly refused to implement Public Procurement Rules Authority 2004 in hiring of auditors. "PPRA Rules 2004 however cannot in any manner override the provisions of the Companies Ordinance and attribu
Published 21 Dec, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 21 Dec, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Dec, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Dec, 2011 12:00am
Wall Street leaps

Wall Street leaps

US stocks surged Tuesday on signs of easing stress in Europe's bond markets as well as some positive economic data at home and abroad and as traders eyed a seasonal 'Santa' rally into year end. On early Tuesday, the Dow Jones industrial average gained 326
Published 21 Dec, 2011 12:00am
Wall Street leaps

Wall Street leaps

US stocks surged Tuesday on signs of easing stress in Europe's bond markets as well as some positive economic data at home and abroad and as traders eyed a seasonal 'Santa' rally into year end. On early Tuesday, the Dow Jones industrial average gained 326
Published 21 Dec, 2011 12:00am
Wall Street leaps

Wall Street leaps

US stocks surged Tuesday on signs of easing stress in Europe''s bond markets as well as some positive economic data at home and abroad and as traders eyed a seasonal ''Santa'' rally into year end. On early Tuesday, the Dow Jones industrial average gained
Published 21 Dec, 2011 12:00am
Index surges by 255.01 points

Index surges by 255.01 points

The Karachi share market on Tuesday witnessed a bullish session on the back of investors' interest, on dips, mainly in fertiliser, banking, oil and cement sectors. The KSE-100 index surged by 255.01 points and closed at 11,338.04 points. The opening was d
Published 21 Dec, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (December 20, 2011).

Published 21 Dec, 2011 12:00am
Index surges by 255.01 points

Index surges by 255.01 points

The Karachi share market on Tuesday witnessed a bullish session on the back of investors' interest, on dips, mainly in fertiliser, banking, oil and cement sectors. The KSE-100 index surged by 255.01 points and closed at 11,338.04 points. The opening was d
Published 21 Dec, 2011 12:00am
Index surges by 255.01 points

Index surges by 255.01 points

The Karachi share market on Tuesday witnessed a bullish session on the back of investors'' interest, on dips, mainly in fertiliser, banking, oil and cement sectors. The KSE-100 index surged by 255.01 points and closed at 11,338.04 points. The opening was
Published 21 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (December 20, 2011).

Published 21 Dec, 2011 12:00am
BRIndex30 gains 238.81 points

BRIndex30 gains 238.81 points

On Tuesday, the BRIndex30 opened at 8,228.07 points. It touched the intra-day high of 8,478.18 points and low of 8,168.79 points, and closed at 8,466.88 points with a net positive change of 238.81 points, or 2.9 percent higher than previous close.
Published 21 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (December 20, 2011).

Published 21 Dec, 2011 12:00am
BRIndex30 gains 238.81 points

BRIndex30 gains 238.81 points

On Tuesday, the BRIndex30 opened at 8,228.07 points. It touched the intra-day high of 8,478.18 points and low of 8,168.79 points, and closed at 8,466.88 points with a net positive change of 238.81 points, or 2.9 percent higher than previous close.
Published 21 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (December 20, 2011).

Published 21 Dec, 2011 12:00am
Economy at a 'very dangerous juncture': IMF

Economy at a 'very dangerous juncture': IMF

The world economy is at a "very dangerous juncture", IMF chief Christine Lagarde said on Tuesday referring to the potential impact on poorer nations during her first visit to Africa as head of the fund. "Currently the world economy stands at a very danger
Published 21 Dec, 2011 12:00am
THE RUPEE: all-round slide

THE RUPEE: all-round slide

The rupee was persistently under pressure against dollar and euro on the money market on Tuesday in process of trading, dealers said. The rupee extended its fall in terms of dollar, losing another 10 paisa for buying at 89.90 and shed nine paisa for selli
Published 21 Dec, 2011 12:00am
Karzai urges 'neighbourly' relations with Pakistan

Karzai urges 'neighbourly' relations with Pakistan

Afghan President Hamid Karzai on Tuesday urged Pakistan not to forge its policy on Afghanistan based on its rivalries with either India or the United States. "We want Pakistan to have an independent policy towards Afghanistan. It should not look at Afghan
Published 21 Dec, 2011 12:00am
THE RUPEE: all-round slide

THE RUPEE: all-round slide

The rupee was persistently under pressure against dollar and euro on the money market on Tuesday in process of trading, dealers said. The rupee extended its fall in terms of dollar, losing another 10 paisa for buying at 89.90 and shed nine paisa for selli
Published 21 Dec, 2011 12:00am
Equities maintains upward run on LSE

Equities maintains upward run on LSE

Equities on Tuesday maintained upward run on Lahore Stock Exchange and registered gains across the board amid improved turnover due to fresh buying in select scrips. The LSE-25 index jumped to 2828.51 points against 2734.46 points of Monday, denoting an i
Published 21 Dec, 2011 12:00am
Equities maintains upward run on LSE

Equities maintains upward run on LSE

Equities on Tuesday maintained upward run on Lahore Stock Exchange and registered gains across the board amid improved turnover due to fresh buying in select scrips. The LSE-25 index jumped to 2828.51 points against 2734.46 points of Monday, denoting an i
Published 21 Dec, 2011 12:00am
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