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Archive - 2018-01-31
By-polls for PP-30 on March 4
Pakistan

By-polls for PP-30 on March 4

SARGODHA: Bye-election for PP-30 which was scheduled to be held on March 5, now will be held on March 4. Accordin
Published 31 Jan, 2018 07:15pm
No tentative date for Rao Anwar's arrest
Pakistan Top News

No tentative date for Rao Anwar's arrest

ISLAMABAD: Inspector General of Police (IGP) AD Khawaja Wednesday said former Senior Superintendent of Police Rao An
Published 31 Jan, 2018 07:05pm
Facebook bans ads for cryptocurrencies
Front Top News

Facebook bans ads for cryptocurrencies

WASHINGTON: Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams. The social m
Published 31 Jan, 2018 02:06pm
Lassa fever kills 21 in Nigeria
Africa

Lassa fever kills 21 in Nigeria

LAGOS: Twenty-one people have died from Lassa fever in Nigeria this month, the Nigeria Centre for Disease Control sa
Published 31 Jan, 2018 10:36am
British PM says she is 'not a quitter'
World Top News

British PM says she is 'not a quitter'

LONDON: British Prime Minister Theresa May batted away critics of her leadership on Wednesday, saying she was "not a
Published 31 Jan, 2018 10:03am
The future of mobility
Automobile

The future of mobility

The global car is changing—and this column has been talking about it. But whether we are weighing the pros and cons of e
Updated 31 Jan, 2018 08:00am
On polls’ prospects
Miscellaneous

On polls’ prospects

Pakistan’s feeble democracy may get another chance at revival this summer. Recent attempts at electoral sabotage seem to
Published 31 Jan, 2018 07:15am
Egypt imposes hefty anti-trust fine on Qatar's BeIN Sports, CEO

Egypt imposes hefty anti-trust fine on Qatar's BeIN Sports, CEO

An Egyptian court imposed a $22 million fine Tuesday on Qatari-owned sports broadcaster BeIN Sports and its chief executive for violating anti-trust regulations. The broadcaster and CEO Nasser Al-Khelaifi, who is also president of the Paris Saint-Germain
Published 31 Jan, 2018 12:00am
New UK mortgages fall to three-year low

New UK mortgages fall to three-year low

Britain's housing market lost momentum last month as lenders approved the fewest mortgages in nearly three years following the Bank of England's first interest rate hike since the global financial crisis. At the same time, lending to consumers - something
Published 31 Jan, 2018 12:00am
IMF head warns of public frustration in Middle East, North Africa

IMF head warns of public frustration in Middle East, North Africa

IMF chief Christine Lagarde warned Tuesday that "public dissatisfaction is bubbling up" in the Middle East and North Africa, calling for reforms that "respond faster to the expectations and sometimes to the frustration of the people".
Published 31 Jan, 2018 12:00am
US rejects proposals to unblock NAFTA, will seek 'breakthroughs'

US rejects proposals to unblock NAFTA, will seek 'breakthroughs'

US President Donald Trump's trade chief rejected Canadian proposals for unblocking NAFTA modernization talks on Monday but pledged to seek "breakthroughs" by late February, easing concerns that Washington would soon withdraw from the trilateral pact.
Published 31 Jan, 2018 12:00am
Ryanair recognises UK pilots' union for first time

Ryanair recognises UK pilots' union for first time

Ryanair said Tuesday it has signed an agreement to recognise the British Airline Pilots Association that reverses its historic hostility towards trade unions. "This is the first formal union recognition agreement Ryanair has signed," a spokesman for the I
Published 31 Jan, 2018 12:00am
FTSE drops to five-week low as financials, miners fall

FTSE drops to five-week low as financials, miners fall

The UK's top share index fell to five-week lows on Tuesday as investors took profits on miners and banks, so-called cyclical sectors which have enjoyed a strong start to 2018. The blue chip FTSE 100 index ended down 1.1 percent at 7,587.98 points, in line
Published 31 Jan, 2018 12:00am
Most Southeast Asian stocks fall
Currency

Most Southeast Asian stocks fall

Most Southeast Asian stock markets finished lower on Tuesday tracking broader Asia, which retreated from record highs after a spike in global bond yields dented appetite for riskier assets, with the Philippines and Indonesia losing over 1 percent each. MS
Published 31 Jan, 2018 12:00am
Australian, New Zealand shares dip

Australian, New Zealand shares dip

Australian shares dipped on Tuesday to close at their lowest in more than a week, after global equity markets fell on hawkish remarks by a European Central Bank official, fuelling expectations for stimulus cuts as the world economy improves. Global equity
Published 31 Jan, 2018 12:00am
Cyclical reversal dents European shares as results roll in

Cyclical reversal dents European shares as results roll in

European shares fell back on Tuesday as global markets took a risk-averse turn, with cyclical sectors including mining and financials suffering the sharpest losses. Europe's STOXX 600 ended down 0.9 percent, suffering its biggest one-day loss since early
Published 31 Jan, 2018 12:00am
China stocks extend fall as developers slump
Exchange

China stocks extend fall as developers slump

China stocks extended losses on Tuesday, led by real estate and banking firms, as investors pocketed gains after a selloff in Apple shares knocked Wall Street. At the close, the Shanghai Composite index was down 34.81 points, or 0.99 percent, at 3,488.19.
Published 31 Jan, 2018 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower on Tuesday, retreating from record highs hit in the previous session, as investors booked profits in recent outperformers such as HDFC Bank Ltd, while caution prevailed ahead of the federal budget, due Thursday. The BSE index fel
Published 31 Jan, 2018 12:00am
Sri Lankan shares soar

Sri Lankan shares soar

Sri Lankan shares notched a near three-week closing high on Tuesday led by market heavyweight John Keells Holdings, but political uncertainty ahead of a local election next month weighed on sentiment, dealers said. Sri Lanka will hold a long-delayed local
Published 31 Jan, 2018 12:00am
Treasury yields surge to over three-year high

Treasury yields surge to over three-year high

US Treasury yields surged to more than three-year highs on Monday after comments from a European Central Bank official added to expectations that central banks globally will reduce stimulus as the economic outlook improves. A break of technical support le
Published 31 Jan, 2018 12:00am
Treasury yields surge to over three-year high

Treasury yields surge to over three-year high

US Treasury yields surged to more than three-year highs on Monday after comments from a European Central Bank official added to expectations that central banks globally will reduce stimulus as the economic outlook improves. A break of technical support le
Published 31 Jan, 2018 12:00am
Hang Seng falls the most in six weeks

Hang Seng falls the most in six weeks

Hong Kong's Hang Seng posted its biggest one-day loss in six weeks on Tuesday, as Wall Street weakness in the wake of a spike in global bond yields prompted investors to lock in profit in high-flying Hong Kong stocks. At close of trade, the Hang Seng inde
Published 31 Jan, 2018 12:00am
Dow, S&P suffer worst one-day fall in five months as Apple drags
Exchange

Dow, S&P suffer worst one-day fall in five months as Apple drags

Wall Street pulled back from record highs on Monday, with the Dow and the S&P 500 indexes marking their biggest one-day percentage declines in about five months, weighed down by a slide in Apple shares. Shares of Apple fell 2.1 percent on news that the co
Published 31 Jan, 2018 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks fell for the fifth straight trading day Tuesday, with investor sentiment weighed down by a strong yen and a retreat from records on Wall Street. The benchmark Nikkei 225 index lost 1.43 percent or 337.37 points to 23,291.97, while the broader
Published 31 Jan, 2018 12:00am
Aussie, kiwi steady
Currency

Aussie, kiwi steady

The Australian and New Zealand dollars held steady on Tuesday as upbeat news at home helped offset a widening yield advantage for their US counterpart. The Aussie was a fraction firmer at $0.8097 and within striking distance of last week's 2-1/2 year peak
Published 31 Jan, 2018 12:00am
Sterling slips
Currency

Sterling slips

Sterling fell to a one-week low against the dollar on Tuesday amid renewed worries about the impact of Brexit on the UK economy and the progress of talks to exit the European Union. The pound initially fell below $1.40, a key level it has pushed past this
Published 31 Jan, 2018 12:00am
Yuan edges up
Currency

Yuan edges up

China's yuan edged higher against the dollar, which was dragged down by corporate sales in Tuesday's morning session with the local currency on track for its best monthly performance in over two decades. The dollar's losses, however, were marginal. It tra
Published 31 Jan, 2018 12:00am
Most Asian currencies down

Most Asian currencies down

Most Asian currencies fell on Tuesday as a rise in bond yields prompted a slight recovery in the dollar, while market participants awaited clues on US fiscal policy from a two-day Federal Reserve meeting. US Treasury yields surged to more than three-year
Published 31 Jan, 2018 12:00am
Sri Lankan rupee weakens
Exchange

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Tuesday as demand for dollars from banks and importers surpassed selling of the greenback, dealers said. The spot rupee ended at 154.00/10 per dollar, compared with Monday's close of 153.75/85. The rupee gained 0.2 per
Published 31 Jan, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 82.90-82.90 (Previous 82.90-82.90).
Published 31 Jan, 2018 12:00am
Dollar rises broadly in New York
Exchange

Dollar rises broadly in New York

The dollar rose on Monday against a basket of currencies as US bond yields climbed and traders waited for a Federal Reserve meeting and a US jobs report later in the week, while the euro and pound were both down. Against a basket of currencies, the dollar
Published 31 Jan, 2018 12:00am
Dollar falls in Europe as bond yields soften
Exchange

Dollar falls in Europe as bond yields soften

The dollar reversed earlier gains and fell a quarter of a percent on Tuesday after US yields pulled back from recent highs while the euro strengthened after economic data confirmed the euro zone economy is growing at a healthy clip.
Published 31 Jan, 2018 12:00am
Dollar index holds steady in Asia
Currency

Dollar index holds steady in Asia

The dollar held above a recent three-year low against a basket of major currencies on Tuesday, with traders turning their attention to US President Donald Trump's State of the Union speech and a Federal Reserve policy meeting for catalysts.
Published 31 Jan, 2018 12:00am
US winter wheat jumps on short-covering

US winter wheat jumps on short-covering

US winter wheat futures climbed for a fourth straight session on Monday on short-covering and concerns that dry conditions in the US Plains wheat belt could curb winter crop production, traders said. Benchmark Chicago Board of Trade March soft red winter
Published 31 Jan, 2018 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Monday, lifted by concerns about dry weather for soybeans in Argentina and strength in rival oilseeds. March canola added $2.50 at $496.20 per tonne. May canola climbed $2.90 to $503.20 per tonne. March-May canola sprea
Published 31 Jan, 2018 12:00am
Cotton market: less buying interest pushes rates down
Cotton

Cotton market: less buying interest pushes rates down

Lack of buying interest caused modest fall in rates on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate, after maintaining a stable for a long-time, shed Rs 100 to Rs 7,400, they added. In ready session, over 80
Published 31 Jan, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 235,376 tonnes of cargo comprising 171,635 tonnes of import cargo and 63,741 tonnes of export cargo including 12,005 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 1
Published 31 Jan, 2018 12:00am
European gasoline margins hit 2.5-month high

European gasoline margins hit 2.5-month high

Gasoline refining margins in northwest Europe rose above $10 a barrel on Monday to their highest since mid-November as oil prices slid and export demand supported. Brent crude prices fell by nearly 2 percent in afternoon trading on concerns over rising US
Published 31 Jan, 2018 12:00am
Palm oil rises on European vegoils market
Vegetable Oil

Palm oil rises on European vegoils market

Palm oil on the European vegetable oils market firmed on Monday following gains in Malaysian palm oil futures on the back of expectations for improving export demand. Asking prices for palm oil were mostly between unchanged and $7.50 a tonne higher after
Published 31 Jan, 2018 12:00am
Euronext wheat futures rise on US rally

Euronext wheat futures rise on US rally

Euronext wheat futures rose on Monday to their highest in over two weeks, buoyed by a weather-fuelled rally in Chicago and a pullback in the euro from last week's three-year high against the dollar. However, Euronext gave up some of its sharp morning gain
Published 31 Jan, 2018 12:00am
CBOT corn futures rise on adverse weather

CBOT corn futures rise on adverse weather

Chicago Board of Trade corn futures climbed for the third time in four sessions on Monday as worries over poor crop weather in South America triggered short-covering, traders said. Benchmark March corn settled 2-1/4 cents higher at $3.58-3/4 a bushel, the
Published 31 Jan, 2018 12:00am
Indian soyaoil futures rise
Exchange

Indian soyaoil futures rise

Indian soyaoil futures were set to close higher on Monday, tracking gains in rival Malaysian palm oil and related oils overseas. Indian February soyoil futures were up 0.7 percent at 752 Indian rupees ($11.83) per 10 kg on the National Commodity and Deriv
Published 31 Jan, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,371. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4,545 billion and the number of lots traded was 8,731.
Published 31 Jan, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 31 Jan, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 31 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 31 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 31 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 Tuesday (January 30, 2018).

Published 31 Jan, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 30, 2018).
Published 31 Jan, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 30, 2018).

Published 31 Jan, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 30, 2018).

Published 31 Jan, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 30, 2018).

Published 31 Jan, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 30, 2018).

Published 31 Jan, 2018 12:00am
Russian bank CEOs, metals magnates named

Russian bank CEOs, metals magnates named

The US Treasury Department named major Russian businessmen including the heads of the country's two biggest banks, metals magnates and the boss of the state gas monopoly on a list of oligarchs close to the Kremlin. The list of 210 people, including 96 'ol
Published 31 Jan, 2018 12:00am
Russian bank CEOs, metals magnates named

Russian bank CEOs, metals magnates named

The US Treasury Department named major Russian businessmen including the heads of the country's two biggest banks, metals magnates and the boss of the state gas monopoly on a list of oligarchs close to the Kremlin. The list of 210 people, including 96 'ol
Published 31 Jan, 2018 12:00am
Russian bank CEOs, metals magnates named

Russian bank CEOs, metals magnates named

The US Treasury Department named major Russian businessmen including the heads of the country''s two biggest banks, metals magnates and the boss of the state gas monopoly on a list of oligarchs close to the Kremlin. The list of 210 people, including 96 ''
Published 31 Jan, 2018 12:00am
BRIndex100 depressed
Exchange

BRIndex100 depressed

Pakistan Stock Exchange Tuesday remained under pressure due to selling by local and foreign investors. BRIndex100 lost 30.56 points or 0.64 percent to close at 4,749.39 points. BRIndex100 touched intraday high of 4,800.18 and intraday low of 4,731.83 poin
Published 31 Jan, 2018 12:00am
BRIndex100 depressed
Exchange

BRIndex100 depressed

Pakistan Stock Exchange Tuesday remained under pressure due to selling by local and foreign investors. BRIndex100 lost 30.56 points or 0.64 percent to close at 4,749.39 points. BRIndex100 touched intraday high of 4,800.18 and intraday low of 4,731.83 poin
Published 31 Jan, 2018 12:00am
BRIndex100 depressed
Exchange

BRIndex100 depressed

Pakistan Stock Exchange Tuesday remained under pressure due to selling by local and foreign investors. BRIndex100 lost 30.56 points or 0.64 percent to close at 4,749.39 points. BRIndex100 touched intraday high of 4,800.18 and intraday low of 4,731.83 poin
Published 31 Jan, 2018 12:00am
Power companies: obstacle to sell-off plan identified

Power companies: obstacle to sell-off plan identified

Minister for Privatization Daniyal Aziz said on Tuesday that non-determination of multi-year tariff (MYT) by the National Electric Power Regulatory Authority (Nepra) is principal obstacle to the sell-off of power sector companies.
Published 31 Jan, 2018 12:00am
Power companies: obstacle to sell-off plan identified

Power companies: obstacle to sell-off plan identified

Minister for Privatization Daniyal Aziz said on Tuesday that non-determination of multi-year tariff (MYT) by the National Electric Power Regulatory Authority (Nepra) is principal obstacle to the sell-off of power sector companies.
Published 31 Jan, 2018 12:00am
Power companies: obstacle to sell-off plan identified

Power companies: obstacle to sell-off plan identified

Minister for Privatization Daniyal Aziz said on Tuesday that non-determination of multi-year tariff (MYT) by the National Electric Power Regulatory Authority (Nepra) is principal obstacle to the sell-off of power sector companies.
Published 31 Jan, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 31 Jan, 2018 12:00am
ADB board to evaluate over $7 billion loan approved in 2005
Exchange

ADB board to evaluate over $7 billion loan approved in 2005

Asian Development Bank (ADB) Board has decided to evaluate the over $7 billion loan approved since 2005 for the energy sector of Pakistan to guide future investments, as the sector's challenges have persisted and continue to dampen economic growth.
Published 31 Jan, 2018 12:00am
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