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Archive - 2020-10-09
Lack of trust in digital solutions a serious challenge
BR Research

Lack of trust in digital solutions a serious challenge

Farid has extensive experience global Pakistan, having worked at bulge bracket firms such as Morgan Stanley, ING Barings Securities, and CLSA Emerging Markets in Kuala Lumpur, Singapore, London, and Istanbul in a variety of senior positions.
Updated 12 Oct, 2020 10:29am
TCP seals another wheat import deal

TCP seals another wheat import deal

KARACHI: Trading Corporation of Pakistan (TCP) has finalized another deal for the import of some 0.33 million metric...
Updated 10 Oct, 2020 03:11pm
Rupee weakens against US dollar
Exchange

Rupee weakens against US dollar

  • In interbank trading, the price of euro appreciated by 74 paisas and closed at Rs. 193.37 against the last day’s trading of Rs. 192.63, State Bank of Pakistan reported.
Published 09 Oct, 2020 07:27pm
Indian central bank cheers bond market despite keeping rates on hold
Money & Banking

Indian central bank cheers bond market despite keeping rates on hold

  • "For the bond market, this is like an early Diwali and just as the March policy (decision) was termed a bazooka, there is enough today to light up some fireworks," said Arvind Chari, head of fixed income and alternatives at Quantum Advisors, referring to the Hindu festival of lights which falls next month.
Published 09 Oct, 2020 05:14pm
European stocks rise on solid retail earnings, commodity jump
Stocks

European stocks rise on solid retail earnings, commodity jump

  • "Overall, there is a risk that market sentiment could easily turn sour in the short-term given the uncertainty related to the US election and Brexit as well as rising COVID-19 cases and fears of broader lockdowns," analysts at Unicredit wrote in a note.
Published 09 Oct, 2020 04:44pm
84 PML-N MNA's to resign before Senate elections: Khawaja Asif
Pakistan

84 PML-N MNA's to resign before Senate elections: Khawaja Asif

  • Pakistan Muslim League Nawaz (PML-N), in tandem with the opposition’s Pakistan Democratic Movement (PDM), has stated that they will not permit the government to hold Senate elections in March, and in protest the PML-N’s 84 members will resign from the National Assembly.
Updated 09 Oct, 2020 01:31pm
Going long on flat steel?
BR Research

Going long on flat steel?

The outlook on long steel (rebars, billets etc.) seems rather bright on the back of government policy push (read:...
Published 09 Oct, 2020 07:51am
'Refund quagmire'
Letters

'Refund quagmire'

This is apropos a Business Recorder op-ed "Refund quagmire" carried by the newspaper yesterday. Tahir Jahangir, the...
Published 09 Oct, 2020 02:37am
Dry weather forecast
Pakistan

Dry weather forecast

KARACHI: The Met Office on Thursday forecast mainly dry weather for the most parts of the country in the next 24...
Published 09 Oct, 2020 02:37am
AAJ PROGRAM SCHEDULE
Life & Style

AAJ PROGRAM SCHEDULE

Friday, October 09, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...
Published 09 Oct, 2020 02:37am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Thursday (October 8, 2020) and the forecast for Friday (October 9, 2020)....
Published 09 Oct, 2020 02:37am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 09 Oct, 2020 02:37am
JLI MEESEQ Fund Rates
Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Thursday (October 8, 2020). ======================== Offer Price 1,163.9598 Bid...
Published 09 Oct, 2020 02:37am
JLI MANAGED TAKAFUL FUND
Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Thursday (October 8, 2020). ======================== Offer Price...
Published 09 Oct, 2020 02:37am
EFU AGGRESSIVE FUND RATES
Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (October 8, 2020). ======================== Offer Price 1,415.5013...
Published 09 Oct, 2020 02:37am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 09 Oct, 2020 02:37am
Member to Member
Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (October 8, 2020)....
Published 09 Oct, 2020 02:37am
Shipping Intelligence
Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 8, 2020)....
Published 09 Oct, 2020 02:37am
Lahore Paper Market Rates
Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (October 8, 2020). ======================================= Offset...
Published 09 Oct, 2020 02:37am
Lahore Grain Market Rates
Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 8, 2020)...
Published 09 Oct, 2020 02:37am
Omar, Nadeem Babar visit PSO
Energy

Omar, Nadeem Babar visit PSO

KARACHI: The Federal Minister for Energy (Petroleum and Power Division), Omar Ayub Khan and Special Assistant to the...
Published 09 Oct, 2020 02:37am
Cotton Spot Rates
Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Thursday (October 8, 2020)....
Published 09 Oct, 2020 02:37am
Australian, NZ shares surge
Stocks

Australian, NZ shares surge

SYDNEY/WELLINGTON: New Zealand stocks posted a record closing high on Thursday and Australian shares extended gains...
Published 09 Oct, 2020 02:37am
Wall Street rises
Stocks

Wall Street rises

NEW YORK: US stocks closed sharply higher on Wednesday as investors regained hope that at least a partial deal on...
Published 09 Oct, 2020 02:37am
European stocks climb
Stocks

European stocks climb

MILAN/FRANKFURT: European stocks hit a near three-week high on Thursday as investors globally pinned hopes on more ...
Published 09 Oct, 2020 02:37am
Japanese shares up
Stocks

Japanese shares up

TOKYO: Japanese shares closed higher on Thursday, following an upbeat Wall Street session overnight, as hopes for a...
Published 09 Oct, 2020 02:37am
HK stocks slip
Stocks

HK stocks slip

HONG KONG: Hong Kong shares slid on Thursday on news that Washington might impose restrictions on Tencent Holdings...
Published 09 Oct, 2020 02:37am
Soya, corn steady
Grains

Soya, corn steady

CHICAGO: US soyabean and corn futures steadied near recent highs on Thursday, with strong export demand and dry...
Published 09 Oct, 2020 02:37am
CBOT corn futures rise
Commodities

CBOT corn futures rise

CHICAGO: Chicago Board of Trade corn futures advanced on Wednesday on spillover support from gains in the ...
Published 09 Oct, 2020 02:37am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at 6.441 billion...
Published 09 Oct, 2020 02:37am
Sterling stabilises
Currency

Sterling stabilises

LONDON: Sterling stabilised on Thursday as prospects for a Brexit deal appeared to improve, with Britain giving it a...
Published 09 Oct, 2020 02:37am
Kiwi falls, Aussie up
Currency

Kiwi falls, Aussie up

SYDNEY/WELLINGTON: The New Zealand dollar slipped against its US and Australian counterparts on Thursday, undermined...
Published 09 Oct, 2020 02:37am
US MIDDAY: Gold inches up
Commodities

US MIDDAY: Gold inches up

NEW YORK: Gold edged up on Thursday as uncertainty about the US presidential election and bets that fresh stimulus...
Published 09 Oct, 2020 02:37am
Gold steadies in Europe
Commodities

Gold steadies in Europe

LONDON: Gold steadied in European trade on Thursday as uncertainty surrounding the US presidential elections and ...
Published 09 Oct, 2020 02:37am
Gold prices up in Asia
Commodities

Gold prices up in Asia

SINGAPORE: Gold prices rose in Asian trade on Thursday, helped by a softer dollar and renewed optimism over some US...
Published 09 Oct, 2020 02:37am
Japan rubber futures jump
Commodities

Japan rubber futures jump

TOKYO: Japanese rubber futures jumped to a five-week high on Thursday as hopes for a partial deal on US coronavirus...
Published 09 Oct, 2020 02:37am
Palm oil remains higher
Commodities

Palm oil remains higher

KUALA LUMPUR: Malaysian palm oil futures rose for a fourth straight day on Thursday as supply concerns due to wider...
Published 09 Oct, 2020 02:37am
Naya Pakistan Certificates
Exchange

Naya Pakistan Certificates

EDITORIAL: External debt has been piling up since 2008. With stagnant exports and low domestic industrial...
Published 09 Oct, 2020 02:37am