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Apr 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Exchange

Fruits of the 'war-on-terror'
Exchange

Fruits of the 'war-on-terror'

Until the Soviet invasion of Afghanistan, and the US-Saudi strategy of creating the Mujahidin as their proxy to confront the Soviet Union, history of terrorism was different. The Indian National Army, Maoist, and the Naxalite, Spain's ETA, Germany's Red B
Published 12 Jan, 2016 12:00am
US MIDDAY: gold retreats
Exchange

US MIDDAY: gold retreats

Gold retreated early on Monday as the dollar rose versus the euro, but the metal held around a nine-week high as pressure on stock markets continued to support investors' flight to safety. Asian shares sank to their lowest in more than four years on Monda
Published 12 Jan, 2016 12:00am
Oil dive deepens to 12-year low
Exchange

Oil dive deepens to 12-year low

A brutal new year selloff in oil markets quickened on Monday, with prices plunging 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as $20 a barrel. Amid an accelerating tailspin that shows no
Published 12 Jan, 2016 12:00am
Oil dive deepens to 12-year low
Exchange

Oil dive deepens to 12-year low

A brutal new year selloff in oil markets quickened on Monday, with prices plunging 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as $20 a barrel. Amid an accelerating tailspin that shows no
Published 12 Jan, 2016 12:00am
Oil dive deepens to 12-year low
Exchange

Oil dive deepens to 12-year low

A brutal new year selloff in oil markets quickened on Monday, with prices plunging 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as $20 a barrel. Amid an accelerating tailspin that shows no
Published 12 Jan, 2016 12:00am
PIAF lauds launch of PSX
Exchange

PIAF lauds launch of PSX

The Pakistan Industrial and Traders Association Front (PIAF) has appreciated the launch of a single unified stock exchange of the country - Pakistan Stock Exchange Limited (PSX), which will go a long way towards sustainable development of Pakistan capital
Published 12 Jan, 2016 12:00am
PIAF lauds launch of PSX
Exchange

PIAF lauds launch of PSX

The Pakistan Industrial and Traders Association Front (PIAF) has appreciated the launch of a single unified stock exchange of the country - Pakistan Stock Exchange Limited (PSX), which will go a long way towards sustainable development of Pakistan capital
Published 12 Jan, 2016 12:00am
Aid trucks enter starvation-hit Syria town
Exchange

Aid trucks enter starvation-hit Syria town

The first trucks carrying desperately needed aid entered the besieged Syrian town of Madaya on Monday, where more than two dozen people are reported to have starved to death. The Syrian Arab Red Crescent said two trucks loaded with food and blankets enter
Published 12 Jan, 2016 12:00am
Asian forex: won hits 5-1/2 years low
Exchange

Asian forex: won hits 5-1/2 years low

Most emerging Asian currencies extended losses on Monday despite China's stronger guidance on the yuan as the outlook for the renminbi remained weak amid uncertainties over Beijing's exchange rate policy on a slowing economy. The yuan rose after the Peopl
Published 12 Jan, 2016 12:00am
Yuan turns sharply higher, yen eases in Europe
Currency

Yuan turns sharply higher, yen eases in Europe

China's yuan turned sharply higher on foreign exchange markets on Monday, heading for its biggest daily gain in four months against the dollar in offshore trade after reports of another round of aggressive intervention by Beijing. With Chinese stocks sink
Published 12 Jan, 2016 12:00am
Yen eases in Asia
Currency

Yen eases in Asia

The safe haven yen eased against the dollar after China's central bank set a stronger guidance rate for the yuan on Monday, soothing fears that Beijing is trying to weaken its currency to gain a competitive export advantage. China's yuan firmed on Monday
Published 12 Jan, 2016 12:00am
Yuan edges up
Exchange

Yuan edges up

China's yuan edged up against the dollar on Monday, buoyed by a firmer midpoint fixing and after the foreign exchange regulator soothed worries about the Chinese currency's depreciation. Prior to market open, the People's Bank of China (PBOC) set the midp
Published 12 Jan, 2016 12:00am
Southeast Asian markets fall
Exchange

Southeast Asian markets fall

SE Asian stock markets fell on Monday as falls in China stocks and sliding global oil prices hit sentiment in the region, sending Singapore's key index to a 3-1/2-year low and Philippine shares posting their worst drop since August. The Philippine's compo
Published 12 Jan, 2016 12:00am
Morgan Stanley is second big bank to cut Chinese yuan forecast
Exchange

Morgan Stanley is second big bank to cut Chinese yuan forecast

Morgan Stanley cut its forecast for the yuan on Monday, becoming the second of the world's big banks to do so in recent days in response to strong capital outflows and growing concern over China's economy and financial markets. Meanwhile, credit ratings a
Published 12 Jan, 2016 12:00am
Saudi currency stable: monetary chief
Exchange

Saudi currency stable: monetary chief

Saudi Arabia on Monday said its currency was stable despite volatility in the futures market as the kingdom takes unprecedented measures to deal with low oil prices. The Saudi riyal will remain pegged at 3.75 to one US dollar, said the Governor of the Sau
Published 12 Jan, 2016 12:00am
UK losing shine as competitive base for manufacturers
Exchange

UK losing shine as competitive base for manufacturers

Britain is becoming less competitive as a base for manufacturers, according to a group representing the factory sector which warned the government against laying further costs on firms which make cars, chemicals and other goods in the UK. EEF, which repre
Published 12 Jan, 2016 12:00am
Moody's cuts Malaysia's sovereign rating outlook
Exchange

Moody's cuts Malaysia's sovereign rating outlook

Moody's cut Malaysia's sovereign rating outlook to stable from positive on Monday, flagging risks from the Southeast Asian economy's deteriorating growth profile as global trade and market conditions worsen. The ratings agency had assigned a positive outl
Published 12 Jan, 2016 12:00am
Moody's cuts Malaysia's sovereign rating outlook
Exchange

Moody's cuts Malaysia's sovereign rating outlook

Moody's cut Malaysia's sovereign rating outlook to stable from positive on Monday, flagging risks from the Southeast Asian economy's deteriorating growth profile as global trade and market conditions worsen. The ratings agency had assigned a positive outl
Published 12 Jan, 2016 12:00am
Gold down in Europe
Exchange

Gold down in Europe

Gold retreated on Monday as the dollar rose versus the euro, but was still around a nine-week high as pressure on stock markets continued to support investors' flight to safety. Asian shares sank to their lowest in more than four years on Monday after the
Published 12 Jan, 2016 12:00am
Gold rises in Asia
Currency

Gold rises in Asia

Gold edged higher on Monday, trading close to last session's nine-week high as pressure on Asian stock markets supported safe-haven bids for the metal. Asian shares sank to their lowest in over four years as doubts mounted about Beijing's ability to manag
Published 12 Jan, 2016 12:00am
Malaysian palm oil loses early gains
Exchange

Malaysian palm oil loses early gains

Malaysian palm oil futures fell on Monday to their lowest in over three weeks despite supportive government data, weighed down by plunging crude oil prices and volatile global equities. The palm oil contract for March on the Bursa Malaysia Derivatives Exc
Published 12 Jan, 2016 12:00am
Copper sinks to lowest since 2009, losses reflect China gloom
Exchange

Copper sinks to lowest since 2009, losses reflect China gloom

Copper prices plummeted on Monday to their lowest in 6-1/2 years as large losses on Chinese equity markets reinforced tarnished prospects for growth and demand in the world's biggest consumer of industrial metals. Benchmark copper on the London Metal Exch
Published 12 Jan, 2016 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai Futures Exchange copper slid by 2.6 percent to 34,770 yuan ($5,281) a tonne on Monday, to the weakest in a month. Renewed selling on China's share markets fuelled persistent concerns over China's economic health and tarnished prospects for metals
Published 12 Jan, 2016 12:00am
Argentine corn sowing booms on optimism over new government
Exchange

Argentine corn sowing booms on optimism over new government

A late-season corn planting flurry in No 4 world exporter Argentina could push output to the same level as the previous crop year, thanks to the policies of the new government, the director of the local maize industry chamber said on Friday.
Published 12 Jan, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,907 million. The number of lots traded was 27.86 million. PMEX Commodity Index closed at 2,528. Major business was contributed by gold amounting to PKR 5,245 million followed by cru
Published 12 Jan, 2016 12:00am
Indian soyabean falls
Exchange

Indian soyabean falls

Indian soyabean futures edged lower on Friday due to weak demand and profit-taking, while rapeseed rose on short covering. The January soyabean contract on the National Commodity & Derivatives Exchange ended down 0.27 percent at 3,630 rupees ($54.46) per
Published 12 Jan, 2016 12:00am
US natural gas futures jump to 12-week high on colder forecasts
Exchange

US natural gas futures jump to 12-week high on colder forecasts

US natural gas futures climbed to a 12-week high after closing up almost 4 percent on Friday on midday forecasts calling for colder weather that is expected to boost heating demand over the next two weeks. Front-month gas futures on the New York Mercantil
Published 12 Jan, 2016 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 12 Jan, 2016 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 12 Jan, 2016 12:00am