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Markets » Exchange

Most emerging Asian currencies rebound
Exchange

Most emerging Asian currencies rebound

Most emerging Asian currencies rebounded on Tuesday as China took steps to restore calm, including through suspected currency market intervention, after a plunge in China's share markets the previous day forced emerging market investors into retreat. Stro
Published 06 Jan, 2016 12:00am
Southeast Asian markets: Thai index at two-year low
Exchange

Southeast Asian markets: Thai index at two-year low

Most Southeast Asian stock markets fell on Tuesday, with the Philippines reflecting little change after the central bank's guidance on monetary policy, while the Thai index hit a two-year low amid foreign-led selling and losses in telecom shares. Philippi
Published 06 Jan, 2016 12:00am
Australia and New Zealand shares stumble
Exchange

Australia and New Zealand shares stumble

Australian shares extended falls to drop 1.6 percent on Tuesday as traders played catch-up to a major sell-off in Chinese stocks the previous day, which sent shockwaves around the globe. A semblance of calm returned to Chinese stocks on Tuesday with the C
Published 06 Jan, 2016 12:00am
China stock indexes close mixed
Exchange

China stock indexes close mixed

China stocks closed mixed on Tuesday in volatile trade, with indexes swinging into and out of negative territory as government support measures struggled for traction in afternoon trade. The CSI300 index of the largest listed companies in Shanghai and She
Published 06 Jan, 2016 12:00am
Wall Street begins year sharply lower after China selloff
Exchange

Wall Street begins year sharply lower after China selloff

US stocks began 2016 sharply lower on Monday, with the Dow marking its worst start to a year since 2008, after weak Chinese economic data fanned fears of a global slowdown. Indexes partly recovered late in the session, following a turnaround in oil prices
Published 06 Jan, 2016 12:00am
France's Orange, Bouygues in telecoms tie-up talks
Exchange

France's Orange, Bouygues in telecoms tie-up talks

France's telecommunications giant Orange is in talks to buy its smaller rival Bouygues Telecom, both companies said Tuesday, a move that would consolidate one of Europe's most competitive telecoms marketplaces. Orange, which is 20-percent owned by the Fre
Published 06 Jan, 2016 12:00am
US lawsuit turns up heat on Volkswagen
Exchange

US lawsuit turns up heat on Volkswagen

The decision by the US government to sue Volkswagen over the massive pollution-cheating scandal turned up the heat on the former paragon of German industry on Tuesday and fuelled speculation about how much the affair will finally cost the embattled auto g
Published 06 Jan, 2016 12:00am
CEE factory output grows steadily, unfazed by China worries
Exchange

CEE factory output grows steadily, unfazed by China worries

Factory output in central and eastern Europe grew steadily in December despite worries over China's slowing growth, data showed on Monday, with the region benefiting from lower oil prices and rising demand from the euro zone, its main trade partner. The m
Published 06 Jan, 2016 12:00am
Palm oil recovers
Exchange

Palm oil recovers

Malaysian palm oil futures staged a turnaround on Tuesday, reversing earlier losses, after traders forecast sharp falls in December output. The benchmark palm oil contract for March on the Bursa Malaysia Derivatives Exchange ended the trading day 0.7 perc
Published 06 Jan, 2016 12:00am
Rubber falls
Exchange

Rubber falls

Benchmark Tokyo rubber futures fell to their lowest in nearly seven years on Tuesday as investors continued to sell amid worries about shaky stock markets in China and Japan and renewed concerns over softening demand in top buyer China. The Tokyo Commodit
Published 06 Jan, 2016 12:00am
Copper recovers as China battles to shore up equities
Exchange

Copper recovers as China battles to shore up equities

Copper bounced on Tuesday as China pumped in an estimated $20 billion to stabilise its equity and currency markets, though worries over slowing demand in the world's top metals user kept gains firmly in check. China stocks ended higher thanks to the huge
Published 06 Jan, 2016 12:00am
Shanghai copper climbs
Exchange

Shanghai copper climbs

Shanghai Futures Exchange copper trimmed small losses to climb 1.2 percent to 36,590 yuan ($5,612) a tonne on Tuesday, having shown more resilience on Monday, hitting only a three-session low. Chinese shares regained some footing after a rout the session
Published 06 Jan, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,492 million. The number of lots traded was 32.07 million. PMEX Commodity Index closed at 2,521. Major business was contributed by gold amounting to PKR 6,205 million followed by cru
Published 06 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 06 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 06 Jan, 2016 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 05, 2016).

Published 06 Jan, 2016 12:00am
Singer Pakistan Limited
Exchange

Singer Pakistan Limited

One of the oldest companies in South Asia Singer Pakistan Limited's presence in the subcontinent goes as far as 1877 when the first Singer sewing machine went on sale at Singer store in the region. Now, it has become a well-diversified company that has it
Published 05 Jan, 2016 12:00am
Singer Pakistan Limited
Exchange

Singer Pakistan Limited

One of the oldest companies in South Asia Singer Pakistan Limited's presence in the subcontinent goes as far as 1877 when the first Singer sewing machine went on sale at Singer store in the region. Now, it has become a well-diversified company that has it
Published 05 Jan, 2016 12:00am
China sell-off sends yen, Swiss franc soaring in Europe
Currency

China sell-off sends yen, Swiss franc soaring in Europe

The dollar sank to an 11-week low against the yen on Monday, hit by a renewed stock market selloff in China that sent traders running for the traditional security of the Japanese currency and the Swiss franc. Even if a majority of the biggest bank and fun
Published 05 Jan, 2016 12:00am
Dollar/Saudi riyal forwards jump on Saudi-Iran tensions
Currency

Dollar/Saudi riyal forwards jump on Saudi-Iran tensions

The Saudi riyal fell sharply against the US dollar in the forward foreign exchange market early on Monday after relations between Saudi Arabia and Iran deteriorated, raising concern that dollar funding for the kingdom could become more expensive. Saudi Ar
Published 05 Jan, 2016 12:00am
European shares down sharply on disappointing Chinese data
Exchange

European shares down sharply on disappointing Chinese data

European shares fell sharply on Monday, the first trading day of 2016, as weak Chinese data weighed on world stock markets. The pan-European FTSEurofirst 300 index lost 2.5 percent, its biggest one-day drop since a 3.3 percent fall on December 3, while th
Published 05 Jan, 2016 12:00am
Southeast Asian markets: Malaysia, Singapore lead regional fall
Exchange

Southeast Asian markets: Malaysia, Singapore lead regional fall

Southeast Asian stock markets fell on Monday with sharp falls in Malaysia and Singapore amid a selloff in Chinese stocks after weak factory activity data, and as economic numbers in the region still pointed to risks. Late selling hit regional bourses as t
Published 05 Jan, 2016 12:00am
Tokyo stocks tumble
Exchange

Tokyo stocks tumble

Tokyo stocks tumbled more than three percent on their first trading day of 2016, hit by weak China data and a rise in the yen driven by growing tensions in the Middle East. China's factory activity shrank further in December, a private survey showed Monda
Published 05 Jan, 2016 12:00am
Most ME markets hit by global sell-off, Saudi-Iran tensions
Exchange

Most ME markets hit by global sell-off, Saudi-Iran tensions

Most Middle East stock markets tumbled on Monday in a global sell-off triggered by China, while growing tensions between Saudi Arabia and Iran added to the gloom. Chinese stocks slumped by 7 percent after weak manufacturing data, causing emerging markets
Published 05 Jan, 2016 12:00am