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Archive - 2018-01-27
Bullion prices on Saturday
Markets

Bullion prices on Saturday

KARACHI: Following were the Bullion Prices in Karachi and Hyderabad on Saturday. KARACHI: (per 10 gram) Gold
Published 27 Jan, 2018 06:06pm
US MIDDAY: gold rises
Currency

US MIDDAY: gold rises

Gold rose on Friday, climbing back toward the previous day's 17-month peak as a report of slow economic growth pushed the US dollar lower, days after the greenback was hammered by a senior US official backing a weaker currency. The dollar was on track for
Published 27 Jan, 2018 12:00am
US MIDDAY: soyabean slumps

US MIDDAY: soyabean slumps

US soyabean futures slumped on Friday, pulling back from recent gains, while wheat futures set a seven-week high on short-covering and technical buying. Despite the decline in soyabeans, that market remained on track for a weekly gain, with dry weather in
Published 27 Jan, 2018 12:00am
Gold climbs in Europe
Currency

Gold climbs in Europe

Gold rose on Friday, climbing back towards the previous session's 17-month peak as suggestions senior US officials may support a weaker dollar knocked the currency lower. The dollar slipped 0.4 percent against the euro on Friday as comments in favour of a
Published 27 Jan, 2018 12:00am
Gold rises in Asia
Currency

Gold rises in Asia

Gold prices rose on Friday, after falling from 1-1/2-year highs in the previous session, as the dollar remained weak despite US President Donald Trump backing a stronger currency. Spot gold had climbed 0.6 percent to $1,355.16 per ounce by 0726 GMT. It ha
Published 27 Jan, 2018 12:00am
Gold drops in New York
Currency

Gold drops in New York

Gold dropped more than 1 percent on Thursday, retreating after an early rise as the US dollar strengthened when President Donald Trump talked up a stronger greenback. The dollar reversed earlier losses and US stocks relinquished gains after Trump told CNB
Published 27 Jan, 2018 12:00am
ICE coffee, cocoa and sugar gain

ICE coffee, cocoa and sugar gain

Cocoa on ICE Futures US rose on Friday to notch a fifth straight week of gains, their longest such streak in nearly two years, as arabica coffee and sugar prices also gained, bolstered by a softer US dollar. ICE March New York cocoa settled up $26, or 1.3
Published 27 Jan, 2018 12:00am
Palm oil slips, but up for the week
Vegetable Oil

Palm oil slips, but up for the week

Malaysian palm oil futures slipped on Friday, a second straight session of declines, as a stronger ringgit dented sentiment. A firmer ringgit, palm's currency of trade, usually makes the tropical oil more expensive for foreign buyers. The ringgit surged t
Published 27 Jan, 2018 12:00am
Rubber climbs
Exchange

Rubber climbs

Benchmark Tokyo rubber futures climbed on Friday, recovering from a one-month low hit the previous day, as investor unwound short positions ahead of the weekend and on a weaker yen against the dollar in early trade. The Tokyo Commodity Exchange (TOCOM) ru
Published 27 Jan, 2018 12:00am
Oil rises, set for weekly gain as weak dollar underpins

Oil rises, set for weekly gain as weak dollar underpins

Oil prices rose on Friday after hitting fresh three-year highs in the previous session, as weakness in the dollar continued to underpin prices with crude on track for a weekly gain. Brent crude futures were trading 28 cents higher at $70.70 per barrel at
Published 27 Jan, 2018 12:00am
Zinc hits fresh decade high as inventories trend lower
Currency

Zinc hits fresh decade high as inventories trend lower

Zinc touched a fresh a 10-year high on Friday due to a weaker dollar and as inventories slipped to their lowest levels since 2008, indicating tight supply. Benchmark LME zinc ended 0.4 percent higher at $3,478 per tonne, after touching its highest since 2
Published 27 Jan, 2018 12:00am
Shanghai metals slip
Exchange

Shanghai metals slip

Base metal prices on Friday edged down from near multi-year peaks after US President Donald Trump backed a stronger dollar, prompting the currency to trade above its recent lows. The most-traded March copper contract on the Shanghai Futures Exchange close
Published 27 Jan, 2018 12:00am
Prices of vanadium surge to nine-year high

Prices of vanadium surge to nine-year high

Prices of steel ingredient vanadium have surged to nine-year highs due to China's environmental crackdown, which has led to production falling in high-polluting industries such as mining, smelting and recycling. Vanadium pentoxide touched $12.25 a lb this
Published 27 Jan, 2018 12:00am
Erdogan threatens to expand Syria offensive despite criticism

Erdogan threatens to expand Syria offensive despite criticism

President Recep Tayyip Erdogan on Friday threatened to expand Turkey's offensive in Syria against a Kurdish militia, despite rising concern and calls for restraint from the US and other Western allies. In the seventh day of the operation against the Syria
Published 27 Jan, 2018 12:00am
Thousands protest 'Invasion Day' on Australia's national day

Thousands protest 'Invasion Day' on Australia's national day

Tens of thousands of people marched across Australia Friday in an "Invasion Day" protest calling for a rethink of the national day they say is offensive to indigenous people. The annual January 26 Australia Day holiday commemorates the arrival of the firs
Published 27 Jan, 2018 12:00am
Venezuela opposition out in the cold as Maduro eyes second term

Venezuela opposition out in the cold as Maduro eyes second term

Venezuela's opposition scrambled to reset itself Friday after a top court barred it from contesting the upcoming presidential election, paving the way for a second term for unpopular President Nicolas Maduro. The Supreme Court, in a shock ruling Thursday,
Published 27 Jan, 2018 12:00am
30 migrants drown

30 migrants drown

At least 30 African migrants drowned when their boat capsized off war-torn Yemen this week with reports of gunfire being used against those on board, the United Nations said Friday. At least 152 Somalis and Ethiopians were aboard the overcrowded vessel wh
Published 27 Jan, 2018 12:00am
Spain kicks out Venezuela ambassador

Spain kicks out Venezuela ambassador

Spain on Friday ordered Venezuela's ambassador to leave in a tit-for-tat move, escalating a row a day after its top diplomat was kicked out by Venezuelan President Nicolas Maduro's regime. "The government responds proportionally, and therefore has decided
Published 27 Jan, 2018 12:00am
IS planned Paris-style attack for Barcelona

IS planned Paris-style attack for Barcelona

The Islamic State group planned a Paris-style attack on crowded areas in Barcelona weeks before its November 2015 rampage in the French capital, according to a report published in a US magazine. An IS network had planned to attack crowded public places in
Published 27 Jan, 2018 12:00am
'Sherlock Holmes' of Nepal's Himalayas dies

'Sherlock Holmes' of Nepal's Himalayas dies

American journalist Elizabeth Hawley, whose 50 years chronicling summits and tragedies in the Himalayas earned her the moniker "the Sherlock Holmes of the mountaineering world", died Friday aged 94. Hawley built a reputation as one of the most authoritati
Published 27 Jan, 2018 12:00am
Dutch spies watched as Russians hacked US Democrats

Dutch spies watched as Russians hacked US Democrats

Dutch intelligence services have provided "crucial evidence" to US counterparts about Russian meddling in the 2016 elections, Dutch media reported Friday. After penetrating the network of Russian hackers known as Cozy Bear, the Dutch agents alerted US spy
Published 27 Jan, 2018 12:00am
Ariane five satellites in orbit but not in right location

Ariane five satellites in orbit but not in right location

Two commercial satellites have been placed in orbit by an Ariane 5 rocket but have yet to reach their correct positions, Arianespace said Thursday, after mission control briefly lost contact with the craft in a rare malfunction. The usually reliable Europ
Published 27 Jan, 2018 12:00am
UN Security Council to inspect 'Iranian-made' missile debris

UN Security Council to inspect 'Iranian-made' missile debris

The UN Security Council will travel to Washington on Monday to inspect debris from missiles allegedly provided by Iran to Yemen's Huthi rebels and hold meetings at the White House, diplomats said. The ambassadors are expected to meet with President Donald
Published 27 Jan, 2018 12:00am
Top BBC men take wage cuts in gender pay row
Exchange

Top BBC men take wage cuts in gender pay row

Six top male BBC presenters agreed to take wage cuts Friday after the broadcaster's female China editor quit in protest over unequal pay. The six, who are among the British Broadcasting Corporation's top-earning journalists, voluntarily decided to take a
Published 27 Jan, 2018 12:00am
Federer into seventh Aussie final as Chung retires

Federer into seventh Aussie final as Chung retires

Defending champion Roger Federer eased into his seventh Australian Open final in a bitter-sweet win after South Korean young gun Chung Hyeon retired injured in their last four showdown Friday. The Swiss great was leading 6-1, 5-2 when Chung called it quit
Published 27 Jan, 2018 12:00am
Babos, Mladenovic win women's doubles title

Babos, Mladenovic win women's doubles title

Fifth seeds Timea Babos and Kristina Mladenovic took out the Australian Open women's doubles title on Friday to be crowned Grand Slam champions for the first time. The Hungarian-French pairing battled past second seeded Russians Ekaterina Makarova and Ele
Published 27 Jan, 2018 12:00am
Wapda T-12 schools cricket tournament ends

Wapda T-12 schools cricket tournament ends

Unique Vision School System won Wapda T-12 Schools Cricket Tournament, defeating Government Centenial Model High School No 2 by 26 runs in final of the tournament. Bating first, Unique Vision School System set a target of 112 runs for Government Centenial
Published 27 Jan, 2018 12:00am
Barcelona through to Cup semis

Barcelona through to Cup semis

Lionel Messi scored what proved to be the winner as Barcelona beat Espanyol 2-0 to reach the Copa del Rey semi-finals on Thursday in a game that saw Philippe Coutinho make his long-awaited debut. Luis Suarez scored an early opener in the quarter-final sec
Published 27 Jan, 2018 12:00am
McDonald's and Peshawar Zalmi team up

McDonald's and Peshawar Zalmi team up

The Managements of McDonald's Pakistan and Peshawar Zalmi signed a Memorandum of Understanding (MoU) in Lahore on 24th January, 2018. Coming together of these two popular brands will create exciting opportunities for the cricket fans to enjoy the game the
Published 27 Jan, 2018 12:00am
Ammad, Hamza in final of FATA Junior Squash

Ammad, Hamza in final of FATA Junior Squash

Muhammad Ammad, Muhamad Hamza took berth into the final of the Under-13 category in the FATA National Junior Squash Championship being played here at PAF Hashim Khan Squash Complex on Friday. In the first semi-final Muhammad Ammad of PAF, the top seeded p
Published 27 Jan, 2018 12:00am
Head guides Australia to victory

Head guides Australia to victory

Travis Head, promoted to the top of the order, led Australia to a drought-breaking win over England in the fourth one-day international in Adelaide on Friday. Replacing injured opener Aaron Finch, Head anchored a shaky Australian run chase with a polished
Published 27 Jan, 2018 12:00am
South Africa vs India Test: 'Dangerous' pitch stops day three play

South Africa vs India Test: 'Dangerous' pitch stops day three play

Play was called off because of a dangerous pitch at Wanderers Stadium on Friday after South African batsman Dean Elgar was hit on the grille of his helmet by a short ball. Umpires Aleem Dar and Ian Gould had consulted earlier because of unusual bounce and
Published 27 Jan, 2018 12:00am
JCW win Inter-College Girls Games trophy

JCW win Inter-College Girls Games trophy

Jinnah College for Women (JCW) clinched the overall trophy of the Inter-College Girls Games played under the aegis of the Directorate of Sports University of Peshawar (UoP) here on Friday. Vice Chancellor University of Peshawar Professor Dr Muhammad Asif
Published 27 Jan, 2018 12:00am
Kiwi slips
Currency

Kiwi slips

The New Zealand dollar slipped on Friday, weighed by weak inflation and views the central bank was in no rush to tighten policy, while its Australian counterpart consolidated below four-month highs during a quiet holiday trading period. The kiwi dollar ed
Published 27 Jan, 2018 12:00am
Sterling records best run against dollar since 2012
Currency

Sterling records best run against dollar since 2012

The pound climbed further against the dollar on Friday after enjoying its best week since September and its sixth weekly rise in a row, amid increased optimism around Brexit and the economic backdrop. Britain's economy unexpectedly picked up speed in the
Published 27 Jan, 2018 12:00am
Most currencies climb
Currency

Most currencies climb

Most emerging Asian currencies edged up on Friday, with the dollar reviving after US President Donald Trump said he wanted a "strong dollar", but market participants were sceptical it would be enough to change the currency's recent weak trend. The dollar
Published 27 Jan, 2018 12:00am
Sri Lankan rupee up

Sri Lankan rupee up

The Sri Lankan rupee ended slightly firmer on Friday, further moving away from a record low hit earlier this week, as banks and exporters sold dollars in dull trade, dealers said. The spot rupee, which traded at 153.70 per dollar during the day, ended at
Published 27 Jan, 2018 12:00am
Dollar reverses losses in New York
Exchange

Dollar reverses losses in New York

The US dollar reversed losses on Thursday when President Donald Trump said he wanted a "strong dollar," a day after Treasury Secretary Steven Mnuchin said he welcomed a weaker greenback, which moved the currency lower against the euro. The dollar index, w
Published 27 Jan, 2018 12:00am
Dollar falls in Europe
Currency

Dollar falls in Europe

The dollar fell more than half a percent against a basket of currencies on Friday as comments by senior US officials this week backing a weak dollar reverberated through currency markets. After US President Donald Trump said on Thursday he ultimately want
Published 27 Jan, 2018 12:00am
Dollar gains reprieve in Asia

Dollar gains reprieve in Asia

The dollar traded above its recent lows against major rivals on Friday, having bounced after US President Donald Trump said he wanted a "strong dollar", contradicting earlier comments made by Treasury Secretary Steven Mnuchin. Trump told CNBC in an interv
Published 27 Jan, 2018 12:00am
Cryptocurrencies fall after hack hits Japan's Coincheck
Exchange

Cryptocurrencies fall after hack hits Japan's Coincheck

Cryptocurrencies fell Friday after Japan-based digital exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin, saying it had been hacked. Coincheck said it was investigating "unauthorised access" of the exchange
Published 27 Jan, 2018 12:00am
Canada annual inflation cools as gasoline prices drop

Canada annual inflation cools as gasoline prices drop

Canada's annual inflation rate dipped as expected in December as gasoline prices cooled, but analysts said the Bank of Canada was likely to stay on a policy-tightening path with inflation still near the central bank's 2 percent target. The annual inflatio
Published 27 Jan, 2018 12:00am
American Airlines earnings dip

American Airlines earnings dip

American Airlines reported a dip in fourth-quarter profits Thursday due to higher costs as it projected stronger-than-expected 2018 profits because of strong demand. The US carrier reported fourth-quarter earnings of $258 million, down 10.9 percent from t
Published 27 Jan, 2018 12:00am
American Airlines earnings dip

American Airlines earnings dip

American Airlines reported a dip in fourth-quarter profits Thursday due to higher costs as it projected stronger-than-expected 2018 profits because of strong demand. The US carrier reported fourth-quarter earnings of $258 million, down 10.9 percent from t
Published 27 Jan, 2018 12:00am
German union agrees to last-ditch talks to try to avert strikes

German union agrees to last-ditch talks to try to avert strikes

Powerful German union IG Metall will hold last-ditch talks with employers over higher wages and the right to shorter working hours for industrial workers, it said on Friday, holding off for now on its threat to call all-out strikes.
Published 27 Jan, 2018 12:00am
Egypt's trade deficit narrows
Currency

Egypt's trade deficit narrows

Egypt's trade deficit narrowed by 25 percent in 2017 from the year before due to a decline in imports and raise in exports, the trade ministry said on Friday. Non-oil exports rose to about $22.4 billion in 2017 from about $20.4 billion the previous year,
Published 27 Jan, 2018 12:00am
Caterpillar cheery on 2018 outlook despite Q4 loss

Caterpillar cheery on 2018 outlook despite Q4 loss

Improving industrial demand lifted Caterpillar's sales and boosted the 2018 outlook even as the company on Thursday reported a fourth-quarter loss due to massive one-time charges connected to the US tax reform. Caterpillar, which sells heavy manufacturing
Published 27 Jan, 2018 12:00am
UK stocks end two days of currency-driven declines

UK stocks end two days of currency-driven declines

British shares rose across the board on Friday as buyers returned to the market following two days of declines driven by a strengthening sterling. The FTSE index dipped briefly after the pound rose on figures which showed an unexpected acceleration in Bri
Published 27 Jan, 2018 12:00am
Southeast Asian markets: Indonesia, Philippines hit record highs
Currency

Southeast Asian markets: Indonesia, Philippines hit record highs

Most Southeast Asian stock markets rose on Friday, in line with Asian peers, with Indonesia marking a record close on gains in telecom and financial stocks and the Philippine index up on industrials. Asian stocks extended their winning run to the 11th day
Published 27 Jan, 2018 12:00am
TSX flat
Exchange

TSX flat

Canada's main stock index was little changed on Friday as heavyweight financial shares fell, offsetting gains for resource and healthcare stocks. At 10:38 am EST (15:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 5.32 points, or 0.03 p
Published 27 Jan, 2018 12:00am
Euro strength spoils New Year rally for European shares
Currency

Euro strength spoils New Year rally for European shares

European shares edged up on Friday, helped by a solid update from luxury group LVMH but not enough to counter the impact of a rising euro, which spoiled a strong start to the year and left them broadly flat over the week. The euro was up on Friday, though
Published 27 Jan, 2018 12:00am
China stocks up
Exchange

China stocks up

China stocks ended higher on Friday but were off two-year highs touched earlier, with the Shanghai index up for the sixth week in a row, supported by gains in real estate and transport firms. At the close, the Shanghai Composite index was up 10.78 points
Published 27 Jan, 2018 12:00am
New Zealand shares slip

New Zealand shares slip

New Zealand shares fell in lacklustre trade on Friday, pressured by healthcare and dairy stocks, but finished the week in the black even as stock markets in Australia were closed for a public holiday. New Zealand's benchmark S&P/NZX 50 index ended 0.7 per
Published 27 Jan, 2018 12:00am
Hang Seng rises for seven weeks in a row, hits record high

Hang Seng rises for seven weeks in a row, hits record high

Hong Kong's benchmark index Hang Seng ended Friday at a record high, capping its seventh week of gains, amid optimism toward global economic recovery and accelerated money inflows from mainland China. At close of trade, the Hang Seng index was up 499.67 p
Published 27 Jan, 2018 12:00am
Treasury debt prices gain
Currency

Treasury debt prices gain

US Treasury debt prices rose on Thursday, boosted by solid demand for 7-year notes and comments from President Donald Trump saying he wants a strong dollar, contradicting comments by Treasury Secretary Steven Mnuchin a day earlier. US benchmark 10-year no
Published 27 Jan, 2018 12:00am
Treasury debt prices gain
Currency

Treasury debt prices gain

US Treasury debt prices rose on Thursday, boosted by solid demand for 7-year notes and comments from President Donald Trump saying he wants a strong dollar, contradicting comments by Treasury Secretary Steven Mnuchin a day earlier. US benchmark 10-year no
Published 27 Jan, 2018 12:00am
Vietnam shares surge
Exchange

Vietnam shares surge

Vietnam's benchmark stock-market index had its best week in nearly 31 months in spite of a more than two-day shutdown for a "technical issue" that frustrated traders and raised questions about the reliability of the exchange. On Friday, the VN Index hit i
Published 27 Jan, 2018 12:00am
Friday's early afternoon trade: Intel lifts S&P, Dow to new highs

Friday's early afternoon trade: Intel lifts S&P, Dow to new highs

The S&P and the Dow scaled new highs on Friday, driven by strong earnings from Intel and drugmaker AbbVie as well as a weaker dollar, putting the three main indexes on track for their best four-week rally since 2016. Intel's shares surged about 9 percent
Published 27 Jan, 2018 12:00am
Tokyo stocks down on late profit-taking
Exchange

Tokyo stocks down on late profit-taking

Tokyo stocks fell Friday on late profit-taking, after the Donald Trump-fuelled rally in the dollar overnight fizzled out, putting exporters under pressure. The benchmark Nikkei 225 index lost 0.16 percent, or 37.61 points, to 23,631.88, leaving it down 0.
Published 27 Jan, 2018 12:00am
Sri Lankan shares hit two-week high

Sri Lankan shares hit two-week high

Sri Lankan shares rose for a third straight session to hit a two-week closing high on Friday, led by telecom shares, but trading was dull as investors waited for direction amid political concerns over local-government elections next month, dealers said.
Published 27 Jan, 2018 12:00am
Robust imports slow US economic growth in Q4

Robust imports slow US economic growth in Q4

US economic growth unexpectedly slowed in the fourth quarter as the strongest pace of consumer spending in three years resulted in a surge in imports. Gross domestic product expanded at a 2.6 percent annual rate in the fourth quarter, compared to 3.2 perc
Published 27 Jan, 2018 12:00am
Growth in lending to eurozone businesses slows: ECB

Growth in lending to eurozone businesses slows: ECB

The pace of growth in lending to businesses in the eurozone slowed in December, European Central Bank data showed Friday, in a mild setback for the Frankfurt institution. Credit to businesses grew by 2.9 percent year-on-year last month, adjusting for some
Published 27 Jan, 2018 12:00am
English company insolvencies rise to four-year high in 2017

English company insolvencies rise to four-year high in 2017

The number of company insolvencies in England and Wales rose to their highest since 2013 last year, while personal insolvencies hit a three-year high, government figures showed on Friday. Some 17,243 companies entered insolvency last year, the highest num
Published 27 Jan, 2018 12:00am
ECB warns against global currency war
Exchange

ECB warns against global currency war

Attempts to target exchange rates risk setting off a currency war, a top European Central Bank executive argued on Friday, just days after US officials made their case for a weaker dollar to boost trade. ECB board member Benoit Coeure said at the World Ec
Published 27 Jan, 2018 12:00am
Intel gets lift from earnings

Intel gets lift from earnings

A stronger-than expected earnings report Thursday lifted Intel shares as investors looked past a troubling computer chip flaw weighing on the US tech giant. Intel shares climbed more than four percent to $47.13 in after-market trades that followed release
Published 27 Jan, 2018 12:00am
Walmart, Rakuten unveil alliance on e-books, groceries

Walmart, Rakuten unveil alliance on e-books, groceries

US retail giant Walmart and Japanese internet titan Rakuten unveiled a strategic partnership which will include collaboration on digital books in the United States and grocery delivery in Japan. The two firms will launch a new online grocery delivery serv
Published 27 Jan, 2018 12:00am
China pushes 'Polar Silk Road' into Arctic

China pushes 'Polar Silk Road' into Arctic

China is pushing its ambitious global trade infrastructure programme to the Arctic, outlining Friday its vision for a "Polar Silk Road" for ships as it seeks greater access to the strategically vital region. The Arctic is geographically far from China's b
Published 27 Jan, 2018 12:00am
Jordan ends bread subsidy, doubling some prices, to help state finances

Jordan ends bread subsidy, doubling some prices, to help state finances

Jordan said a decision to end subsidies on staple pitta bread that will lift its prices by between 60 and 100 percent will take effect on Saturday, the first such step in over two decades to ease the country's budget woes. The price of a kilo of white pit
Published 27 Jan, 2018 12:00am
Brazil registers lowest budget deficit in 10 years

Brazil registers lowest budget deficit in 10 years

Brazil registered a budget deficit of $9.8 billion in 2017, its lowest in a decade and down from $23.5 billion the year before, the Brazilian Central Bank said on Friday. The 2017 figure is equivalent to 0.48 percent of the Gross Domestic Product of Latin
Published 27 Jan, 2018 12:00am
UK economy picks up at end of tough 2017

UK economy picks up at end of tough 2017

Britain's economy grew 0.5 percent in the final three months of last year, official data showed Friday, picking up speed despite Brexit uncertainty. However, the buoyant performance, propelled by the powerhouse services sector, was not enough to prevent t
Published 27 Jan, 2018 12:00am
French industry morale signals no end in sight to boom

French industry morale signals no end in sight to boom

France's industrial rebound gathered pace in January while broader business confidence and consumer morale remained strong but pulled back from recent highs, surveys showed on Friday. Measures of business and consumer confidence have scaled multi-year pea
Published 27 Jan, 2018 12:00am
China to name Harvard-trained Liu He as vice premier overseeing economy

China to name Harvard-trained Liu He as vice premier overseeing economy

China is set to name Liu He, a Harvard-trained economist who advises President Xi Jinping, as a vice premier overseeing the economy and financial sector, five sources familiar with the development said. Liu's promotion would be part of a wider government
Published 27 Jan, 2018 12:00am
Asian naphtha crack rises at two-session high

Asian naphtha crack rises at two-session high

Asia's naphtha crack rose to a two-session high of $83.40 a tonne on Wednesday after declining to a five-month low in the previous session. But fundamentals remained weak as high supplies weighed on the market.
Published 27 Jan, 2018 12:00am
Seed cotton prices drift lower
Currency

Seed cotton prices drift lower

Seed cotton prices drifted lower on the cotton market on Friday in the process of slow trading, dealers said. The official spot rate was unchanged at Rs 7,500, they added. In ready session, over 4000 bales of cotton changed hands between Rs 6500-7535, the
Published 27 Jan, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 177,366 tonnes of cargo comprising 137,167 tonnes of import cargo and 40,199 tonnes of export cargo including 4,976 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 137
Published 27 Jan, 2018 12:00am
Chinese iron ore futures down for second day
Exchange

Chinese iron ore futures down for second day

Iron ore futures in China fell for a second straight session on Wednesday, reflecting concerns over higher supply that could add to record stockpiles of the steelmaking raw material in the world's top buyer. Top iron ore producer Vale has said it expects
Published 27 Jan, 2018 12:00am
Palm oil firmer on European vegoils market
Vegetable Oil

Palm oil firmer on European vegoils market

Palm oil on the European vegetable oils market remained strong due to a firm ringgit and also because Malaysian palm oil futures continued to be supported by concerns about decreasing production. Asking prices for palm oil were mostly between unchanged an
Published 27 Jan, 2018 12:00am
Euronext wheat futures rise to highest in a week

Euronext wheat futures rise to highest in a week

Euronext wheat futures rose on Wednesday to their highest in more than a week as a sharp rally in Chicago and firm cash prices in France countered pressure from a surging euro. March milling wheat, the most active contract on Paris-based Euronext, settled
Published 27 Jan, 2018 12:00am
China's 2017 sugar imports fall to lowest since 2010

China's 2017 sugar imports fall to lowest since 2010

China, the world's top sugar importer, brought in 2.29 million tonnes of the sweetener in 2017, down 25.2 percent from the year before and the lowest since 2010, data showed on Tuesday. That came in the wake of steps by China's government to protect local
Published 27 Jan, 2018 12:00am
CBOT corn futures jump on technical buying

CBOT corn futures jump on technical buying

Chicago Board of Trade corn futures rose on Wednesday, with the most actively traded contract touching a seven-week high on technical buying and a decline in the US dollar, traders said. CBOT March wheat unofficially ended up 5-1/4 cents at $3.56-1/2 a bu
Published 27 Jan, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,397. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.350 billion and the number of lots traded was 13,127.
Published 27 Jan, 2018 12:00am
True or False
Kerb

True or False

No, it is not a multiple choice quiz; No, it is not a medicine expiry test. No, it is not a rapid round talk show. Yes, it is a debate about what to believe and what not to believe in a world where news and views can be fabricated, photoshopped, superimpo
Published 27 Jan, 2018 12:00am
Cliff Richard & I

Cliff Richard & I

Many, in fact several, moons back, unknown to Cliff Richard, I befriended him when I was in the fourth standard at school. The friendship continues with no sign of decline in intensity, despite the decades that have lapsed. Upon inquiry and reflection, th
Published 27 Jan, 2018 12:00am
Autonomous cars: still many questions to answer

Autonomous cars: still many questions to answer

Autonomous driving is generating talk at this year's Detroit Auto Show after being a star at Consumer Electronics Show in Las Vegas. The technology has generated plenty of excitement, but still faces myriad questions before it can be widely adopted.
Published 27 Jan, 2018 12:00am
ART FACTS: Saeed Akhtar's perseverance

ART FACTS: Saeed Akhtar's perseverance

Professor Saeed Akhtar's ethereal thoughts can be visualised through his charcoal drawings and colourful paintings. The lively, expressive works revealed the inner feelings, influences, intereests and his emotional state. He has played an iconic role in t
Published 27 Jan, 2018 12:00am
Point of departure

Point of departure

The main focus of Suleman Aqeel Khilji's works in a solo exhibition titled "Landswept" at Sanat Gallery, Karachi was an escape from situations existing in his mind. He portrayed typical behaviour of people through ordinary common use objects we see daily
Published 27 Jan, 2018 12:00am
Wheelchair-bound athlete honoured for climbing up mountain

Wheelchair-bound athlete honoured for climbing up mountain

A car accident seven years ago stripped professional Hong Kong rock climber Lai Chi-wai of his ability to walk, but this did not stop him climbing up a mountain that is roughly the height of New York's Empire State Building. The 35-year-old, who is paraly
Published 27 Jan, 2018 12:00am
AI, virtual reality make inroads into tourism sector

AI, virtual reality make inroads into tourism sector

A hotel room automatically adjusting to the tastes of each guest, virtual reality headsets as brochures: the tourism sector is starting to embrace new technologies, hoping to benefit from lucrative personal data. In a prototype of the hotel of the future
Published 27 Jan, 2018 12:00am
A healthy start of the New Year
Vegetable Oil

A healthy start of the New Year

The year 2018 has already started; it is the right time of the year to add healthy habits to your daily routine. Healthy eating habits are good for the people of all ages and can lead to big improvements in your health and happiness. Here are easy to foll
Published 27 Jan, 2018 12:00am
Japan sewers clean up their act with manhole art

Japan sewers clean up their act with manhole art

Japan's sewerage industry has found a way to clean up its dirty and smelly image: elaborately designed and colourful manhole covers with 12,000 local varieties nationwide - including, of course, a Hello Kitty design. Appealing to a Japanese love of detail
Published 27 Jan, 2018 12:00am
'Three billboards' wins big at female-friendly SAG awards

'Three billboards' wins big at female-friendly SAG awards

Black comedy "Three Billboards Outside Ebbing, Missouri" won three prizes Sunday at the Screen Actors Guild awards, in a ceremony that paid tribute to women in the wake of a sexual misconduct scandal. The film, which had previously triumphed at the Golden
Published 27 Jan, 2018 12:00am
Sundance debuts dark tale of triplets split at birth

Sundance debuts dark tale of triplets split at birth

If it were a conspiracy thriller it would be dismissed as far-fetched, but Tim Wardell's astonishing story of triplets separated at birth and reunited by pure chance is all too real. His debut feature documentary "Three Identical Strangers," which premier
Published 27 Jan, 2018 12:00am
BRIDGE NOTES: Too good a defense

BRIDGE NOTES: Too good a defense

Defense at Bridge is undoubtedly an arduous task, more so if it is a part score contract where the defense needs far more tricks and to ensure them, a far sighted vision is essential to know how and where from can the tricks be conjured. Of course the bas
Published 27 Jan, 2018 12:00am
After 90 year wait, Minnie Mouse gets her Hollywood moment

After 90 year wait, Minnie Mouse gets her Hollywood moment

She waited 90 years and saw a trail of men and Disney princesses get there before her, but on Monday Minnie Mouse finally got a star on the Hollywood Walk of Fame. Minnie Mouse made her movie debut in the 1928 film "Steamboat Willie," and her co-star and
Published 27 Jan, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 27 Jan, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 27 Jan, 2018 12:00am
State Bank of Pakistan conversion rates
Exchange

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 27 Jan, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

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 27 Jan, 2018 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (January 26, 2018).

Published 27 Jan, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 26, 2018).
Published 27 Jan, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 26, 2018).

Published 27 Jan, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (January 26, 2018).

Published 27 Jan, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (January 26, 2018).

Published 27 Jan, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (January 26, 2018).

Published 27 Jan, 2018 12:00am
22 tariff lines: Jakarta agrees to provide level playing field
Cotton

22 tariff lines: Jakarta agrees to provide level playing field

Indonesia has agreed to provide a level playing field to Pakistan on 22 tariff lines, so Pakistan can compete with Indonesia's Free Trade Agreement (FTA) partners for those tariff lines. This was announced by Indonesian Minister of Trade, Enggartiasto Luk
Published 27 Jan, 2018 12:00am
22 tariff lines: Jakarta agrees to provide level playing field
Cotton

22 tariff lines: Jakarta agrees to provide level playing field

Indonesia has agreed to provide a level playing field to Pakistan on 22 tariff lines, so Pakistan can compete with Indonesia's Free Trade Agreement (FTA) partners for those tariff lines. This was announced by Indonesian Minister of Trade, Enggartiasto Luk
Published 27 Jan, 2018 12:00am
22 tariff lines: Jakarta agrees to provide level playing field
Cotton

22 tariff lines: Jakarta agrees to provide level playing field

Indonesia has agreed to provide a level playing field to Pakistan on 22 tariff lines, so Pakistan can compete with Indonesia''s Free Trade Agreement (FTA) partners for those tariff lines. This was announced by Indonesian Minister of Trade, Enggartiasto Lu
Published 27 Jan, 2018 12:00am
Pakistan, Indonesia to enter into FTA: TDAP secretary
Cotton

Pakistan, Indonesia to enter into FTA: TDAP secretary

Trade Development Authority of Pakistan (TDAP) Secretary Inam Ullah Khan Dharejo Friday said Pakistan and Indonesia have decided to enter into Free Trade Agreement (FTA) with focus on goods, services and investment, which can mark a radical shift in trade
Published 27 Jan, 2018 12:00am
Pakistan, Indonesia to enter into FTA: TDAP secretary
Cotton

Pakistan, Indonesia to enter into FTA: TDAP secretary

Trade Development Authority of Pakistan (TDAP) Secretary Inam Ullah Khan Dharejo Friday said Pakistan and Indonesia have decided to enter into Free Trade Agreement (FTA) with focus on goods, services and investment, which can mark a radical shift in trade
Published 27 Jan, 2018 12:00am
Pakistan, Indonesia to enter into FTA: TDAP secretary
Cotton

Pakistan, Indonesia to enter into FTA: TDAP secretary

Trade Development Authority of Pakistan (TDAP) Secretary Inam Ullah Khan Dharejo Friday said Pakistan and Indonesia have decided to enter into Free Trade Agreement (FTA) with focus on goods, services and investment, which can mark a radical shift in trade
Published 27 Jan, 2018 12:00am
Senate chairman irked by concession to Chinese company

Senate chairman irked by concession to Chinese company

The government came under severe criticism in the Senate on Friday for exempting a Chinese company from sales tax and federal excise duty through an SRO which the House declared contrary to the rules as well as violation of the Supreme Court judgement. Op
Published 27 Jan, 2018 12:00am
Senate chairman irked by concession to Chinese company

Senate chairman irked by concession to Chinese company

The government came under severe criticism in the Senate on Friday for exempting a Chinese company from sales tax and federal excise duty through an SRO which the House declared contrary to the rules as well as violation of the Supreme Court judgement. Op
Published 27 Jan, 2018 12:00am
Senate chairman irked by concession to Chinese company

Senate chairman irked by concession to Chinese company

The government came under severe criticism in the Senate on Friday for exempting a Chinese company from sales tax and federal excise duty through an SRO which the House declared contrary to the rules as well as violation of the Supreme Court judgement. Op
Published 27 Jan, 2018 12:00am
SC to decide time period of Nawaz's ineligibility: CJP

SC to decide time period of Nawaz's ineligibility: CJP

Chief Justice of Pakistan (CJP) Mian Saqib Nisar has said on Friday that the top court is to decide whether disqualified premier Nawaz Sharif is to be subjected to ineligibility for a year, for five years or for the lifetime under Article 62 (1)F. During
Published 27 Jan, 2018 12:00am
SC to decide time period of Nawaz's ineligibility: CJP

SC to decide time period of Nawaz's ineligibility: CJP

Chief Justice of Pakistan (CJP) Mian Saqib Nisar has said on Friday that the top court is to decide whether disqualified premier Nawaz Sharif is to be subjected to ineligibility for a year, for five years or for the lifetime under Article 62 (1)F. During
Published 27 Jan, 2018 12:00am
No bank account of Imran Ali found: SBP
Currency

No bank account of Imran Ali found: SBP

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that not a single bank account of Imran Ali - the main accused of Zainab murder case, has been found. The Governor SBP on the sidelines of Monetary Policy press conference informed that on the
Published 27 Jan, 2018 12:00am
No bank account of Imran Ali found: SBP
Currency

No bank account of Imran Ali found: SBP

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that not a single bank account of Imran Ali - the main accused of Zainab murder case, has been found. The Governor SBP on the sidelines of Monetary Policy press conference informed that on the
Published 27 Jan, 2018 12:00am
No bank account of Imran Ali found: SBP
Currency

No bank account of Imran Ali found: SBP

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that not a single bank account of Imran Ali - the main accused of Zainab murder case, has been found. The Governor SBP on the sidelines of Monetary Policy press conference informed that on the
Published 27 Jan, 2018 12:00am
No bank account of Imran Ali found: SBP
Currency

No bank account of Imran Ali found: SBP

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that not a single bank account of Imran Ali - the main accused of Zainab murder case, has been found. The Governor SBP on the sidelines of Monetary Policy press conference informed that on the
Published 27 Jan, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling, mainly by local investors on Friday, the last day of the current trading week. BRIndex100 lost 37.19 points or 0.77 percent to close at 4,795.37 points. BRIndex100 touched intraday high
Published 27 Jan, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling, mainly by local investors on Friday, the last day of the current trading week. BRIndex100 lost 37.19 points or 0.77 percent to close at 4,795.37 points. BRIndex100 touched intraday high
Published 27 Jan, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling, mainly by local investors on Friday, the last day of the current trading week. BRIndex100 lost 37.19 points or 0.77 percent to close at 4,795.37 points. BRIndex100 touched intraday high
Published 27 Jan, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 27 Jan, 2018 12:00am
Trump warns Davos on 'unfair' trade
Currency

Trump warns Davos on 'unfair' trade

US President Donald Trump took his "America First" message to the world's elite on Friday, telling a summit of business and political leaders that the United States would "no longer turn a blind eye" to what he described as unfair trade practices. Trump b
Published 27 Jan, 2018 12:00am
Trump warns Davos on 'unfair' trade
Currency

Trump warns Davos on 'unfair' trade

US President Donald Trump took his "America First" message to the world's elite on Friday, telling a summit of business and political leaders that the United States would "no longer turn a blind eye" to what he described as unfair trade practices. Trump b
Published 27 Jan, 2018 12:00am
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