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Apr 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Exchange

Message from Chairman Pakistan Stock Exchange Limited
Exchange

Message from Chairman Pakistan Stock Exchange Limited

It is with great excitement that I see the integration of the three stock exchanges of Pakistan into a single, unified Pakistan Stock Exchange (PSX). My congratulations to the members of Islamabad, Karachi and Lahore stock exchanges who have come together
Published 11 Jan, 2016 12:00am
Message from Managing Director Pakistan Stock Exchange Limited
Exchange

Message from Managing Director Pakistan Stock Exchange Limited

I congratulate everyone involved in turning the vision of a single, integrated capital market into reality. The desire and indeed, the need for such a single securities market had been there for quite some time but it needed the vision and will of leaders
Published 11 Jan, 2016 12:00am
ASX, Perth Mint to develop precious metals derivatives
Exchange

ASX, Perth Mint to develop precious metals derivatives

The Perth Mint will work with ASX Ltd to develop precious metals derivatives that will be traded on the Australian exchange, the companies said on Thursday. "The derivatives products will provide precious metals market participants with a transparent and
Published 10 Jan, 2016 12:00am
EU wheat falls to four-month low
Exchange

EU wheat falls to four-month low

European wheat fell to a four-month low on Thursday as renewed jitters over China sparked a broad slide in financial markets, reinforcing bearish sentiment in heavily supplied grain markets. A rebound in the euro from one-month lows against the dollar ear
Published 10 Jan, 2016 12:00am
Asia-Europe container freight rates drop sharply
Exchange

Asia-Europe container freight rates drop sharply

Rates for shipping containers from ports in Asia to Northern Europe fell by 24.4 percent to $932 per 20-foot container (TEU) in the week to Friday, a London-based container derivative trader with access to data from Shanghai Shipping Exchange told Reuters
Published 10 Jan, 2016 12:00am
US natural gas futures jump to seven-week high
Exchange

US natural gas futures jump to seven-week high

US natural gas futures soared to a seven-week high on Thursday on a much bigger-than-expected storage draw and midday weather forecasts pointing to more freezing temperatures that will keep heating demand high over the next two weeks. Front-month gas futu
Published 10 Jan, 2016 12:00am
CBOT wheat ends up on technical buying
Exchange

CBOT wheat ends up on technical buying

Wheat futures on the Chicago Board of Trade ended higher on Thursday for a third straight session amid technical buying after recently touching contract lows, traders said. Commodity funds hold a massive net short position in CBOT wheat, leaving the marke
Published 10 Jan, 2016 12:00am
Indian soyabean up on short-covering
Exchange

Indian soyabean up on short-covering

India soyabean rose on Thursday on short covering while soyaoil gained due to tight supplies. The January soyabean contract on the National Commodity & Derivatives Exchange snapped two sessions of losses, ending 1.25 percent higher at 3,640 rupees ($54.41
Published 10 Jan, 2016 12:00am
Your rupee last quarter
Currency

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (October 1 to December 31, 2015)

Published 10 Jan, 2016 12:00am
Export management course concludes at LCCI
Exchange

Export management course concludes at LCCI

Six-day training programme of the Lahore Chamber of Commerce and Industry (LCCI) "Certificate in Export Management" Saturday concluded successfully that imparted comprehensive training modules to over 100 people from different walks of life. The basic obj
Published 10 Jan, 2016 12:00am
LSE's TREC holders formally inducted into PSX
Exchange

LSE's TREC holders formally inducted into PSX

As the formal inauguration of the Pakistan Stock Exchange (PSX) Limited draws near, the Lahore Stock Exchange's TREC holders were formally inducted into the former, enabling them to start trading on the eve of the launch on January 11. The chairman of the
Published 10 Jan, 2016 12:00am
PTI demands government announce trade policy immediately
Exchange

PTI demands government announce trade policy immediately

Pakistan Tehreek-e-Insaf (PTI) demands the government to announce the industrial and trade policy immediately. The delay is creating uncertainty and problems for the country's industry and the export sector, said former Vice President FPCCI and PTI Women
Published 10 Jan, 2016 12:00am
Traders protest against anti-encroachment drive
Exchange

Traders protest against anti-encroachment drive

Traders and vendors shopkeepers on Saturday took to the streets against the local government's operation against illegal encroachments in Rawalpindi. The businessmen staged protest as the staffers of Tehsil Municipal Administration (TMA) reached Raja Baza
Published 10 Jan, 2016 12:00am
NYPD officer shot, wounded
Exchange

NYPD officer shot, wounded

A New York police officer was shot and wounded while breaking up a street fight, Police Commissioner William Bratton and Mayor Bill de Blasio said in a rare pre-dawn press conference Saturday. The shooting comes amid heightened security - and paranoia - f
Published 10 Jan, 2016 12:00am
Chinese yuan to weaken just two percent through 2016
Exchange

Chinese yuan to weaken just two percent through 2016

The Chinese yuan is forecast to weaken just 2 percent this year, as China's central bank lowers its midpoint fixings and the dollar rises in anticipation of higher interest rates in the United States, according a Reuters poll of foreign exchange strategis
Published 10 Jan, 2016 12:00am
Sweden's central bank poised to stem krona rise
Exchange

Sweden's central bank poised to stem krona rise

The Swedish central bank said on Monday it stood ready to intervene in currency markets to stem the rise of the krona. Following an extraordinary monetary policy meeting, the Riksbank said the krona's appreciation was a threat to its efforts to kickstart
Published 10 Jan, 2016 12:00am
Robust US jobs data buoy dollar as China fears linger
Exchange

Robust US jobs data buoy dollar as China fears linger

The dollar rose on Friday on steps taken by China to ease this week's market turbulence and on US jobs gains in December, but the rise was limited by worries over whether Beijing has done enough to calm its battered stock market. Steep losses across globa
Published 10 Jan, 2016 12:00am
Expectations dwindle that euro will fall to parity with dollar
Exchange

Expectations dwindle that euro will fall to parity with dollar

The chances the euro will fall to or below parity with the US dollar this year have slipped in the past month to one in four from roughly one in three, according to the latest Reuters poll of foreign exchange strategists. That forecast comes even though t
Published 10 Jan, 2016 12:00am
Canadian dollar falls broadly
Exchange

Canadian dollar falls broadly

The Canadian dollar slipped against a broadly stronger US dollar on Friday on lingering fears of more tumult in China and as oil prices fell further to notch a 10 percent fall for the week. Investors fear that China, the second-largest economy in the worl
Published 10 Jan, 2016 12:00am
Wall Street has worst start to year ever
Exchange

Wall Street has worst start to year ever

US stocks closed lower on Friday, ending a volatile week with their worst five-day start to a year ever, as sliding oil prices and lingering worries about the global economy offset upbeat US job growth. Both the Dow and S&P 500 had their worst five-day st
Published 10 Jan, 2016 12:00am
TSX dips as mining stocks weigh
Exchange

TSX dips as mining stocks weigh

Canada's main stock index ended slightly lower on Friday, remaining in bear market territory as mining stocks weakened and a major healthcare company fell more than 6 percent. Relief that China's major stock indexes regained some ground proved short lived
Published 10 Jan, 2016 12:00am
China forex regulator says will ramp up risk control efforts
Exchange

China forex regulator says will ramp up risk control efforts

China's foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country's foreign exchange market in 2016. The State Administration of Foreign Excha
Published 10 Jan, 2016 12:00am