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Archive - 2018-02-21
Bullion prices on Wednesday
Markets

Bullion prices on Wednesday

KARACHI: Following were the bullion rates in Karachi, Multan and Lahore on Wednesday. KARACHI: (per 10 gram) G
Published 21 Feb, 2018 07:17pm
NAB arrests Ahad Cheema
General News

NAB arrests Ahad Cheema

LAHORE: National Accountability Bureau (NAB) on Wednesday arrested former director general of the Lahore Development
Published 21 Feb, 2018 07:01pm
Juncker's 'monster' wins top EU job
Front Top News

Juncker's 'monster' wins top EU job

BRUSSELS: The powerful chief of staff to Jean-Claude Juncker, Martin Selmayr, will take a top post in the European Commi
Published 21 Feb, 2018 01:28pm
UBL expands asset base
Banking

UBL expands asset base

UBL continued with its rich dividend payout, doling out another Rs4/share in final cash dividend, taking the full year C
Published 21 Feb, 2018 06:07am
OGDCL: up and optimistic
Oil and Gas

OGDCL: up and optimistic

Oil and Gas Development Company’s (PSX: OGDCL) profits have been up by 22 percent in 1HFY18 and not surprisingly as a re
Published 21 Feb, 2018 06:05am
Southeast Asian stocks largely down

Southeast Asian stocks largely down

Most Southeast Asian stock markets fell in line with broader Asia on Tuesday but Philippine shares recouped early losses to finish higher for a fifth straight session, their longest winning streak since December. MSCI's broadest index of Asia-Pacific shar
Published 21 Feb, 2018 12:00am
Sri Lankan stocks up

Sri Lankan stocks up

Sri Lankan shares ended higher for a third straight day on Tuesday on hopes of political stability after the prime minister decided to stay in office and reshuffle his cabinet in the wake of a stinging loss in local elections for both parties in the rulin
Published 21 Feb, 2018 12:00am
Eurozone yields up as ECB speculation mounts

Eurozone yields up as ECB speculation mounts

Eurozone government bond yields edged up on Tuesday as market speculation swirled over the next European Central Bank chief at a time when monetary policy is the main threat for bond markets. Euro zone finance ministers on Monday chose Spanish Economy Min
Published 21 Feb, 2018 12:00am
Hong Kong stocks fall after Lunar New Year break

Hong Kong stocks fall after Lunar New Year break

Hong Kong's benchmark Hang Seng index fell on Tuesday, when the city's markets reopened following the Lunar New Year holiday, with HSBC leading the slide after reporting a pretax profit below forecasts. China's H-shares index also dropped. At close of tra
Published 21 Feb, 2018 12:00am
Tokyo stocks snap winning streak
Currency

Tokyo stocks snap winning streak

Tokyo stocks fell Tuesday, snapping a three-day winning streak as investors locked in profits after the recent gains. The benchmark Nikkei 225 lost 1.01 percent or 224.11 points to finish at 21,925.10 while the broader Topix index fell 0.72 percent or 12.
Published 21 Feb, 2018 12:00am
Gulf markets mostly softens, Commercial International Bank buoys Egypt

Gulf markets mostly softens, Commercial International Bank buoys Egypt

Major Gulf stock markets softened on Tuesday, in line with a small pull-back by global bourses and oil prices, but Egypt was buoyed for a second day by strength in its biggest bank. The Saudi stock index rose in early trade but closed 0.3 percent down as
Published 21 Feb, 2018 12:00am
Venezuela begins selling oil-backed cryptocurrency
Currency

Venezuela begins selling oil-backed cryptocurrency

Venezuela formally launched its new oil-backed cryptocurrency on Tuesday in an unconventional bid to haul itself out of a deepening economic crisis. The leftist Caracas government put 38.4 million units of the world's first state-backed digital currency,
Published 21 Feb, 2018 12:00am
Sterling strengthens against dollar, euro

Sterling strengthens against dollar, euro

Sterling recovered against the dollar and rose against the euro on Tuesday after a media report said the European Parliament would call for giving Britain "privileged" single market access. Growing hopes that Britain and the European Union can agree a tra
Published 21 Feb, 2018 12:00am
Asian forex: Most Asian currencies fall

Asian forex: Most Asian currencies fall

Most Asian currencies languished on Tuesday as the dollar rebounded further from a three-year low hit last week, and subdued risk sentiment kept regional assets in check. Against the yen, the dollar traded at 106.75 yen JPY=, up 0.15 percent for the day a
Published 21 Feb, 2018 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee fell on Tuesday as importer dollar demand outweighed selling by exporters, even as traders awaited more confirmation that political stability was returning after coalition partners agreed to continue with a cabinet reshuffle. The rupe
Published 21 Feb, 2018 12:00am
Dollar extends recovery in Europe
Currency

Dollar extends recovery in Europe

The dollar continued its rebound from three-year lows on Tuesday, on the view that the currency was due a modest correction after a sharp decline in recent weeks, and as traders eyed a large US debt auction. The US Treasury is preparing to sell more than
Published 21 Feb, 2018 12:00am
Dollar steadies in Asia
Currency

Dollar steadies in Asia

The dollar inched higher versus a basket of major currencies on Tuesday, clinging above a three-year low set last week, but its outlook was clouded by concerns that the ballooning US fiscal deficit could disrupt the economy. The dollar's index versus six
Published 21 Feb, 2018 12:00am
Aussie, kiwi ease

Aussie, kiwi ease

The Australian and New Zealand dollars eased on Tuesday as Asian share markets slipped into the red, while Australia's central bank again underlined the outlook for unchanged policy at home. The Aussie was a shade softer at $0.7900, having found support a
Published 21 Feb, 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. 82.94-82.94 (Previous 82.94-82.94).
Published 21 Feb, 2018 12:00am
Mining giant BHP half-year profit hit by US tax charges

Mining giant BHP half-year profit hit by US tax charges

Higher commodity prices helped global mining giant BHP report a first-half net profit of US$2.02 billion on Tuesday, but the result was weighed down by a hefty charge from US tax reforms. The result for the six months to December 31 was 37 percent lower t
Published 21 Feb, 2018 12:00am
Brazil's soya crop seen at record 115.6 million tonnes

Brazil's soya crop seen at record 115.6 million tonnes

Brazil's 2017/18 soyabean crop is expected to reach 115.6 million tonnes, a record volume, 1.2 percent above the previous record last year of 114.2 million tonnes, according to an updated forecast on Monday from consultancy Safras & Mercado.
Published 21 Feb, 2018 12:00am
Volume of business rises on cotton market
Cotton

Volume of business rises on cotton market

Trading activity showed significant increase on the cotton market on Tuesday as spinners finalised deals in a big way on the lower rates, dealers said. The official spot rate halted further decline, held the last level at Rs 6,900, they added. In Sindh an
Published 21 Feb, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 137,464 tonnes of cargo comprising 110,019 tonnes of import cargo and 27,445 tonnes of export cargo including 3,490 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 11
Published 21 Feb, 2018 12:00am
Argentine soya crop estimates likely to 50 million tonnes
Exchange

Argentine soya crop estimates likely to 50 million tonnes

The drought afflicting Argentina since November has shriveled soya yields to the point that analysts and farmers have slashed harvest estimates by about 10 million tonnes, with final crop forecasts consolidating under the 50 million tonne mark. The drynes
Published 21 Feb, 2018 12:00am
European gasoline margins fall on thin buying

European gasoline margins fall on thin buying

Gasoline refining margins in northwest Europe slightly declined on Monday amid thin trading. Several new tanker bookings emerged in recent days, with options to delivery gasoline from Europe to West Africa, shipping reports showed. Two of the tankers - Tr
Published 21 Feb, 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 (February 20, 2018).

Published 21 Feb, 2018 12:00am
Indian shares drop

Indian shares drop

Indian shares ended lower for a third consecutive session on Tuesday, as private sector banks dropped but recovery was seen in state-run lenders, after sharp declines following the $1.77 billion fraud unearthed by Punjab National Bank (PNB) last week. The
Published 21 Feb, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (February 20, 2018).

Published 21 Feb, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (February 20, 2018).
Published 21 Feb, 2018 12:00am
Bill buying rates per unit of currency
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 (February 20, 2018).

Published 21 Feb, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 21 Feb, 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 firmed on Monday as Malaysian palm oil futures edged higher on expectations for improved exports during February. Malaysian palm oil futures were closed on Friday for Lunar New Year celebrations. Trade on Mon
Published 21 Feb, 2018 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday, boosted by a weak Canadian dollar and short-covering ahead of a long weekend. ICE Futures Canada will be closed on Monday for a Canadian holiday. March canola added $1.90 at $503.10 per tonne. Most-active May ca
Published 21 Feb, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,224. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.760 billion and the number of lots traded was 9,511. Major business was contributed by currencies
Published 21 Feb, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 21 Feb, 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 21 Feb, 2018 12:00am
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