News Archives for Print - 2004-12-14

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Share prices buoyed on the Lahore Stock Exchange (LSE) on Monday with Picic Growth Fund, Union Bank, and Nishat Mills leading the proceedings following investors overwhelming interest, which helped the index register a net gain of 26.60 points. The LSE-25

Published 14 Dec, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Bulls holds sway on LSE

Share prices buoyed on the Lahore Stock Exchange (LSE) on Monday with Picic Growth Fund, Union Bank, and Nishat Mills leading the proceedings following investors overwhelming interest, which helped the index register a net gain of 26.60 points. The LSE-25

Published 14 Dec, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Committee set up to resolve Thal canal issue

The government has constituted a committee, comprising irrigation secretaries and technical experts of Sindh and Punjab to resolve the thorny issue of remodelling of Thal canal project, it has been officially announced. Sources said that both provincial i

Published 14 Dec, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Committee set up to resolve Thal canal issue

The government has constituted a committee, comprising irrigation secretaries and technical experts of Sindh and Punjab to resolve the thorny issue of remodelling of Thal canal project, it has been officially announced. Sources said that both provincial i

Published 14 Dec, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

KSE index posts fresh gains

Heavy turnovers boosted the confidence of individual investors, helping the Karachi Stock Exchange index to record fresh gains on the first day of the new week on Monday, whereby the index breached the 5750 level. The KSE-100 index rose 57.46 points, or 1

Published 14 Dec, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

KSE index posts fresh gains

Heavy turnovers boosted the confidence of individual investors, helping the Karachi Stock Exchange index to record fresh gains on the first day of the new week on Monday, whereby the index breached the 5750 level. The KSE-100 index rose 57.46 points, or 1

Published 14 Dec, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Sales tax collectors can condone refund claim time limit

To facilitate the traders/business community, the Central Board of Revenue (CBR) has empowered the collectors of sales tax to issue condonation pertaining to time limit of adjustment/refund under section 66 of the Sales Tax Act, 1990. The CBR has issued i

Published 14 Dec, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Sales tax collectors can condone refund claim time limit

To facilitate the traders/business community, the Central Board of Revenue (CBR) has empowered the collectors of sales tax to issue condonation pertaining to time limit of adjustment/refund under section 66 of the Sales Tax Act, 1990. The CBR has issued i

Published 14 Dec, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

100 oil wells exploration target set for 2004-05

The government has set a target of 100 exploratory wells for the exploration and production (E&P) companies for 2004-05, so that indigenous oil and gas output could be enhanced considerably, it was learnt here on Monday. The target of 100 exploratory well

Published 14 Dec, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

100 oil wells exploration target set for 2004-05

The government has set a target of 100 exploratory wells for the exploration and production (E&P) companies for 2004-05, so that indigenous oil and gas output could be enhanced considerably, it was learnt here on Monday. The target of 100 exploratory well

Published 14 Dec, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Minister rules out entry of religion column in passport

Entry of religion in the passport will not be made as it has not been done by any country in the world, Interior minister Aftab Ahmed Khan Sherpao categorically told a news conference here on Monday.

Published 14 Dec, 2004 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Sindh Governor hopes US to review travel advisory positively

Sindh Governor, Dr Ishratul Ibad Khan has expressed the hope that travel advises by the US and European countries for Pakistan and especially for Karachi will be reviewed in a positive manner. He said that because of liberal laws for investment, the inter

Published 14 Dec, 2004 12:00am

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 Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Pakistan and India to take up Sir Creek issue today

As part of ongoing composite dialogue process, the Defence officials of India and Pakistan will be holding talks on Tuesday in the Ministry of Defence on issues related to Sir Creek. The Pakistani side will be led by Surveyor General of Pakistan Major Gen

Published 14 Dec, 2004 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Musharraf asks private sector to join hands, holistic strategy to reduce poverty

President General Pervez Musharraf said on Monday that a series of government initiatives are having far-reaching effects on poverty reduction, but asked the private sector to join hands in expanding micro-finance outreach to maximum poor households. "We

Published 14 Dec, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Musharraf asks private sector to join hands, holistic strategy to reduce poverty

President General Pervez Musharraf said on Monday that a series of government initiatives are having far-reaching effects on poverty reduction, but asked the private sector to join hands in expanding micro-finance outreach to maximum poor households. "We

Published 14 Dec, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Government working for broad reconciliation, says Prime Minister

Prime Minister Shaukat Aziz has said that his government was striving to strengthen democracy and working for reconciliation with all stakeholders. Addressing the 17th annual award ceremony of All Pakistan Newspapers Society (APNS) here on Monday, the Pri

Published 14 Dec, 2004 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Government working for broad reconciliation, says Prime Minister

Prime Minister Shaukat Aziz has said that his government was striving to strengthen democracy and working for reconciliation with all stakeholders. Addressing the 17th annual award ceremony of All Pakistan Newspapers Society (APNS) here on Monday, the Pri

Published 14 Dec, 2004 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

13 killed in Iraq

A suicide car bomber killed at least seven Iraqis outside Baghdad's government compound on Monday, the first anniversary of Saddam Hussein's capture. Nineteen were wounded, four seriously, civilian hospital staff said. The US military said no US soldiers

Published 14 Dec, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

13 killed in Iraq

A suicide car bomber killed at least seven Iraqis outside Baghdad's government compound on Monday, the first anniversary of Saddam Hussein's capture. Nineteen were wounded, four seriously, civilian hospital staff said. The US military said no US soldiers

Published 14 Dec, 2004 12:00am

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 Comm

Published 14 Dec, 2004 12:00am

Public debt down to 69 percent of GDP

Prime Minister Shaukat Aziz, appreciating the government's Debt Office, has directed it to make arrangements for the currency profile of the debt and examine the possibility of hedging foreign currency, interest rate and commodities hedging. He lauded the

Published 14 Dec, 2004 12:00am

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 14 Dec, 2004 12:00am

Public debt down to 69 percent of GDP

Prime Minister Shaukat Aziz, appreciating the government's Debt Office, has directed it to make arrangements for the currency profile of the debt and examine the possibility of hedging foreign currency, interest rate and commodities hedging. He lauded the

Published 14 Dec, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (December 13, 2004).

Published 14 Dec, 2004 12:00am

Ukraine government asked to stop sugar import quota

Ukraine's national sugar union Ukrtsukor said on Monday it would ask the government to remove a raw cane sugar import quota of 125,000 tonnes from the 2005 draft budget due to high white sugar output in 2004. Earlier this year, the government said it woul

Published 14 Dec, 2004 12:00am

Nippon Steel to pay record coal price

Japan's Nippon Steel Corp said on Monday it had agreed with Australia's BHP Billiton Mitsubishi Alliance (BMA) to pay a record of over $120 per tonne for coking coal in the fiscal year ending March 2006, an indication of the tightness of raw material supp

Published 14 Dec, 2004 12:00am

Oil cake market rates

Mixed trend was witnessed on the forward cotton seed oilcake market on Monday as a good number of buyers entered the market to meet their immediate needs, dealers said. The December vaida commenced with 20 paisa gain at Rs 404.20. It was quoted at Rs 404.

Published 14 Dec, 2004 12:00am

Ginners under pressure due to TCP's slow lifting

Slight slowdown in lifting of cotton by Trading Corporation of Pakistan (TCP) seemed to have caused some panic among the ginners on Saturday, dealers said. The official spot rate of grade 3 lint cotton was raised further by Rs 10 to Rs 1925, without upcou

Published 14 Dec, 2004 12:00am

Cuba buys Colombian sugar

Cuba, traditionally a sugar exporter, bought around 15,000 tonnes of low-quality Colombian white sugar from a trade house, trade sources said on Monday. "The shipment is taking place now," one trade source said, without identifying the trade house. Cuba,

Published 14 Dec, 2004 12:00am

Thin business on grain market

Most of the variations were observed on the cereals side on Monday as several buyers were active on the local grain market, dealers said. On the cereals side, wheat Mexipak both old and new lost Rs 60 to Rs 1170 and Rs 1180, respectively, on fresh arrival

Published 14 Dec, 2004 12:00am

Japanese aluminium stocks up

Estimated aluminium stocks at the Japanese ports of Yokohama, Nagoya and Osaka totalled 282,300 tonnes at the end of November, up 16.6 percent from a month earlier, trading company Marubeni Corp said on Monday. An official at the company said the increase

Published 14 Dec, 2004 12:00am

Argentina corn sales rise

Argentine export commitments of 2003/04 corn totalled 10.01 million tonnes by December 10, up from 9.545 million tonnes a week before, the local agriculture department said on Monday. By the same date last year, corn sales reached 10.8 million tonnes. Arg

Published 14 Dec, 2004 12:00am

Analysts see coal price hike pushing up BHP profits

Global miner BHP Billiton Ltd/Plc could see profit nearly double to $6 billion next fiscal year after winning a big price increase on coal shipments, analysts said on Monday. The benchmark setting move for hard coking coal will also boost earnings for oth

Published 14 Dec, 2004 12:00am

Asia platinum: China sidelined, white gold shines

Many jewellery makers in China are likely to hold off buying platinum because of ample stocks and better demand for white gold and despite a recent drop in prices, dealers said on Monday. Platinum, used in jewellery and auto catalysts, hit a two-month low

Published 14 Dec, 2004 12:00am

Chinese copper import surge ends SRB shortage fears

A massive jump in copper imports to China last week, swinging the market into surplus for the first time since August, has quashed fears of a delivery default should the State Reserves Bureau exercise its right to take metal from Shanghai warehouses. Copp

Published 14 Dec, 2004 12:00am

Norway's firm takes global step with Qatar aluminium

Norway's Norsk Hydro will boost its global presence by building one of the world's biggest aluminium smelters in Qatar, where cheap energy will make it profitable, a top executive said. Norsk Hydro is teaming up with state-owned Qatar Petroleum (QP) to bu

Published 14 Dec, 2004 12:00am

German grain offers about 1,604,000 tonnes

German farmers have offered about 1,604,000 tonnes of grain for European Union intervention subsidies, up by about 121,000 tonnes in the last week, an official at state agricultural purchasing agency BLE said on Monday. The total included 1,101,000 tonnes

Published 14 Dec, 2004 12:00am

US Midwest corn and soya firm, movement slow

Spot basis bids for corn and soyabeans were steady to firm in the interior US Midwest on Monday morning and farmer selling of both commodities was light, merchandisers said. Some merchandisers said farmer sales of soyabeans had picked up in the last week,

Published 14 Dec, 2004 12:00am

Thai rice futures lower, volume up

Thai rice futures ended lower in direction's trade on Monday amid talk in the market that the government may raise intervention prices, brokers said. Overall volume surged as 241 contracts of 5 percent white rice were traded compared to Thursday's 48. On

Published 14 Dec, 2004 12:00am

Singapore bunker fuel prices down

Singapore bunker prices fell on Monday, tracking lower 380-cst fuel oil cargo values. Suppliers pegged 380-cst bunker fuel oil levels at $157-$159 a tonne, down $6 from last Friday. Prices for the 180-cst grades were also lower at $168-$170. "The market i

Published 14 Dec, 2004 12:00am

Dubai first Arab port in US ship security pact

Dubai, the Gulf's trading hub, on Sunday became the first Middle Eastern port to sign a pact with the United States aimed at deterring the use of shipping containers for terrorism. Dubai Ports, Customs and Free Zone Corporation signed a declaration of pri

Published 14 Dec, 2004 12:00am

Cosco Pacific in talks on China's port plan

Beijing-backed container leasing and port investor Cosco Pacific is in talks with China's Ningbo Port about investing in a new container terminal, newspapers reported on Sunday. The port of Ningbo, China's busiest after Shanghai, said in November it plann

Published 14 Dec, 2004 12:00am

Egypt buys Brazilian sugar

Egyptian state company SIIC bought 38,000 tonnes of Brazilian raw sugar from Vitol at $237 a tonne CIF for arrival in January, a company official said on Monday. SIIC (Sugar and Integrated Industries Company) had said it wanted 30,000 tonnes of raw sugar

Published 14 Dec, 2004 12:00am

HRW wheat bids weaker in US Plains

Spot basis bids for hard red winter wheat were mostly firm on Monday in the US Plains, reflecting a lag in mill demand amid a continuing lack of offers, cash merchandisers said. The basis was 2 cents lower in Lincoln, Nebraska, and Galveston, Texas, while

Published 14 Dec, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 48,828 tonnes of cargo including 22,819 tonnes import and 26,009 tonnes export cargo during last 24 hours ending at 0700 hours on Monday. The cargo comprised of 27,835 tonnes dry and 20,993 tonnes liquid cargo. Four ships namely M

Published 14 Dec, 2004 12:00am

Malaysian tin up

Malaysian tin snapped a four-day slide to end up one percent on Monday, spurred by a rebound in the London price at the close of last week. Spot tin on the Kuala Lumpur Tin Market (KLTM) jumped $85 to $8,760 a tonne.

Published 14 Dec, 2004 12:00am

Tokyo rubber ends little changed

Tokyo rubber futures closed little changed on Monday as a recovery from a 16-month low petered out due to the yen's rebound against the dollar and concern about possible heavy physical delivery at the spot expiry next week. The benchmark may contract on t

Published 14 Dec, 2004 12:00am

LME copper futures up in Asian trading

London Metal Exchange (LME) copper futures built on gains in Asian trading on Monday, thanks to firm Shanghai futures and a soft dollar, but volume was thin ahead of the year-end. Traders said they expected copper to remain in a narrow range in the near f

Published 14 Dec, 2004 12:00am

Tokyo gold falls, takes cue from New York

Tokyo gold futures inched down on Monday, tracking the precious metal's decline in New York and under pressure from a firm yen in slow trade. The benchmark October 2005 gold contract on the Tokyo Commodity Exchange (TOCOM) finished down eight yen per gram

Published 14 Dec, 2004 12:00am

Gold rises in Asia on weak dollar; Fed meeting eyed

Gold bullion rose in Asia on Monday, aided by a weaker dollar that lifted its safe-haven appeal and helped to limit sales of the yellow metal in Japan, dealers said. But jewellery makers were on the sidelines ahead of the release of US trade data and a Fe

Published 14 Dec, 2004 12:00am

Vietnam's 2004 paddy harvest seen up

Vietnam, the world's second-largest rice exporter, expects to harvest 35.7 million tonnes of paddy this year, up 3.5 percent from last year, state media said on Monday. The agriculture ministry attributed the rising output of paddy, or unhooked rice, to h

Published 14 Dec, 2004 12:00am

Oil climbs above $41 as Saudi Arabia cuts supplies to Asia

Oil prices climbed above $41 a barrel on Monday after Saudi Arabia cut January crude deliveries to clients in Asia, confirming that the top exporter was adhering to Opec's agreement last week to curb excess supply. US light crude rose 30 cents to $41.01 a

Published 14 Dec, 2004 12:00am

Thai rubber futures higher on supply concerns

Thai rubber futures closed higher on Monday, in line with the physical market, boosted by expectations that heavy rain in southern Thailand will cut supplies, brokers said. Overall volume surged as 126 contracts of ribbed smoked sheet number three (RSS 3)

Published 14 Dec, 2004 12:00am

Egypt sells 15,997 tonnes of cotton in week

The Alexandria Cotton Exporters' Association (Alcotexa) said on Monday it had committed to sell 15,996.5 tonnes of cotton in the week ended December 11. Alcotexa said it had committed to sell 6,240.5 tonnes of Giza 70, 5,826 tonnes of Giza 88, 3,830 tonne

Published 14 Dec, 2004 12:00am

Heavy rain delays Australian wheat harvests

Australia's drought-affected wheat farmers have found little respite from recent strong rains, which have instead led to severe flooding in some rural communities and delayed harvesting. New South Wales state's rural north-west has been declared a nationa

Published 14 Dec, 2004 12:00am

Asian grain buyers hold off on hope of more freight rate falls

Asian grain importers have been on the sidelines after last week's sudden drop in freight prices, forcing buyers to refrain from purchasing actively due to hopes of further falls in shipping costs, traders said on Monday. Buyers from South Korea and Japan

Published 14 Dec, 2004 12:00am

Thai sugar premiums rising, overseas demand strong

Thai sugar premiums are expected to rise further over the next few days, supported by overseas demand and expectations of a smaller 2004/05 crop, traders said on Monday. In the secondary market, bids for Thai raw sugar premiums for May-July shipment were

Published 14 Dec, 2004 12:00am

Malaysian palm oil ends up, awaits exports direction

Malaysian palm oil ended up on Monday, spurred by last week's higher close in rival US soya, but contracts closed below their highs on light profit-taking in the final hour. Trade was also light as players awaited clearer direction from export estimates f

Published 14 Dec, 2004 12:00am

UK factory inflation hits eight-year high

Core British factory gate prices rose at their sharpest pace in more than eight years in November, suggesting pipeline inflationary pressures are picking up despite a recent fall in the cost of oil. The Office for National Statistics said core output pric

Published 14 Dec, 2004 12:00am

Honeywell agrees $1.5 billion take-over of Novar

US manufacturer Honeywell International agreed a $1.5 billion trump bid for Britain's Novar Plc on Monday to beef up its security business and lift 2005 earnings from the low end of forecasts. Honeywell said its 185-pence-a-share cash bid was aimed at cap

Published 14 Dec, 2004 12:00am

LSE rejects Deutsche Bourse bid but keeps door open

Deutsche Bourse had its 1.3 billion pound ($2.49 billion) approach for the London Stock Exchange rejected on Monday leaving observers doubting a much better offer would emerge. The LSE, Europe's biggest equity market, held the door open to talks with Fran

Published 14 Dec, 2004 12:00am

US retail sales edge up as car sales dip

US retail sales rose 0.1 percent in November, the Commerce Department said on Monday in a stronger-than-expected report that cemented views the Federal Reserve will raise interest rates again this week. Wall Street had forecast a 0.1 percent drop in Novem

Published 14 Dec, 2004 12:00am

US to restrict textile imports as quotas expire

The Bush administration will continue to restrict imports of some textiles and clothing from China and other suppliers after a decades-old import quota system expires on January 1, US officials said on Monday. "This is pretty draconian and I think it's to

Published 14 Dec, 2004 12:00am

Cardinal Health to cut 4,200 jobs

Drug wholesaler Cardinal Health Inc on Monday set a restructuring plan that involves cutting 4,200 jobs, or 7 percent of its work force, and closing 25 facilities around the world. The company will consolidate businesses during the first phase of the two-

Published 14 Dec, 2004 12:00am

Bombardier chief Tellier resigns

Paul Tellier resigned as president and chief executive of train and plane maker Bombardier Inc, a year before his contract was to expire, the company said on Monday. Bombardier shares plunged 21 percent to a new 10-year low on the surprise resignation of

Published 14 Dec, 2004 12:00am

Airlines hit governments over anti-terror costs

International airlines are gearing up for a major push to force governments to pay more towards the anti-terror measures they have been forced to implement, industry sources said on Monday. The sources said the carriers - and the airports their passengers

Published 14 Dec, 2004 12:00am

China retail sales sturdy and money growth quickens

China's retail sales rose more than expected in November, fuelling hopes that consumption could cushion an investment slowdown and bring better balance to the world's seventh-largest economy. Retail sales climbed 13.9 percent in the 12 months through Nove

Published 14 Dec, 2004 12:00am

DaimlerChrysler and General Motors join forces on hybrids

DaimlerChrysler and General Motors will jointly develop new hybrid motors to compete against Japanese rivals on the fuel-saving technology that reduces harmful emissions, the companies said on Monday. The goal is to make advanced hybrid propulsion systems

Published 14 Dec, 2004 12:00am

SEC won't punish Global Crossing founder

US regulators have decided against filing civil charges against Global Crossing Ltd founder Gary Winnick following a probe of its accounting practices, his attorney said on Monday. The US Securities and Exchange Commission had been expected to announce a

Published 14 Dec, 2004 12:00am

PeopleSoft relents and agrees to $10.3 billion Oracle bid

PeopleSoft Inc on Monday agreed to a sweetened $10.3 billion buyout by rival software maker Oracle Corp, relenting after a bitter, 18-month take-over saga marked by personal insults, courtroom battles and the ouster of PeopleSoft's chief executive. Oracle

Published 14 Dec, 2004 12:00am

WTO agrees entry talks with Iraq and Afghanistan; US blocks Iran

The World Trade Organisation (WTO) agreed on Monday to begin accession talks with Iraq and Afghanistan, but the United States again blocked any such negotiations with Iran, diplomats said. The go-ahead for Iraq and Afghanistan came with no dissenting voic

Published 14 Dec, 2004 12:00am

Japanese government bonds soar on economy concerns

Japanese government bond prices jumped on Monday, with the benchmark 10-year cash bond yield falling to a near nine-month low as investors bought in anticipation of a weak Bank of Japan corporate sentiment survey. The BOJ is due to release on Wednesday th

Published 14 Dec, 2004 12:00am

Japanese government bonds soar on economy concerns

Japanese government bond prices jumped on Monday, with the benchmark 10-year cash bond yield falling to a near nine-month low as investors bought in anticipation of a weak Bank of Japan corporate sentiment survey. The BOJ is due to release on Wednesday th

Published 14 Dec, 2004 12:00am

Most Southeast Asian stocks ease, eye US rate decision

Most Southeast Asian stock markets fell on Monday, as investors sold financial and property shares ahead of an expected US rate hike and unloaded transport stocks on a recovery in oil prices to above $41 a barrel. Dealers said worries about what the Feder

Published 14 Dec, 2004 12:00am

Taiwan stocks dip as poll weighs on financials

Taiwan stocks closed lower on Monday as banking shares like First Financial fell on concerns financial reforms were set back after the ruling party failed to win control of parliament in weekend elections. The main TAIEX share index ended down 0.55 percen

Published 14 Dec, 2004 12:00am

Hong Kong stocks finish lower; HSBC and Lenovo fall

Hong Kong stocks ended 0.11 percent lower on Monday, led down by China's top PC maker Lenovo amid worries about its purchase of IBM's PC business, and HSBC Holdings PLC on a downgrade by Merrill Lynch. Hong Kong's blue chip Hang Seng Index fell 15.65 poin

Published 14 Dec, 2004 12:00am

Sri Lankan stocks jump

Sri Lankan stocks closed higher on Monday as market heavyweights gained in early trade on foreign and institutional buying amid expectations of upbeat earnings for the full-year, brokers said. The key Colombo all-share index rose a provisional 0.35 percen

Published 14 Dec, 2004 12:00am

Malaysian shares mixed

Malaysian stocks were mixed in light trade with the key stock market index down 0.12 percent at 0142 GMT on Monday after Wall Street's weak finish last week. Toll highway operator PLUS Expressways Bhd rose 1.5 percent to 2.67 ringgit after The Sun reporte

Published 14 Dec, 2004 12:00am

Indian shares surge on foreign fund influx

India's key Mumbai index rose more than half a percentage point and its currency gained half a rupee on the dollar on Monday as investors cheered cheaper oil and more foreign investment in Asia's fourth-largest economy. But bonds lost ground as the govern

Published 14 Dec, 2004 12:00am

New Zealand shares up

The New Zealand share market inched higher on Monday, as it resumed its upward run in a session largely devoid of corporate news. The benchmark NZSX-50 Index closed up 4.29 points, or 0.14 percent, at 2,986.18, on turnover totalling NZ$74 million ($52 mil

Published 14 Dec, 2004 12:00am

Australian stocks finish firmer

Australian stocks closed Monday trade up 0.9 percent although investors proved cautious ahead of an expected rate rise in the United States as the market heads into the traditionally subdued Christmas period. Rupert Murdoch's News Corp helped kick the mar

Published 14 Dec, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 16	258.16

Stock	Price
786 Invest Ltd / Jun 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
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