News Archives for Print - 2010-08-03

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Print - 2010-08-03

Karachi interbank rates

Karachi interbank rates on Monday (August 02, 2010).

Published 03 Aug, 2010 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 03 Aug, 2010 12:00am

Cocoa arrivals at ports in top grower Ivory Coast have reached around 1,090,000 tonnes by August 1 since the start of the season in October, according to exporters' estimates on Monday. If the estimate holds true, that would put cocoa arrivals 2.2 percent

Published 03 Aug, 2010 12:00am

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Monday during the day, dealers said. The July contract that had closed at Rs 988.30 on Saturday last opened with 40 paisa gain at Rs 988.70, dealers said. The December vaida which ended at

Published 03 Aug, 2010 12:00am

Cotton prices firm due to delay in phutti arrivals, more rains likely

The rates were firm on the cotton market on Monday due to stoppage in phutti arrivals and following the more rains expectations in the country, dealers said. The Karachi Cotton Association (KCA) official spot rate was left unchanged at Rs 6200, they said.

Published 03 Aug, 2010 12:00am

Milk powder prices mixed on Jodia Bazar

The trading in milk powder skimmed closed mixed on Jodia Bazar here on Monday. The following changes were noted.

Published 03 Aug, 2010 12:00am

Grams prices fluctuate on grain market

Most of the changes were seen on the grams sector on the wholesales grain and seeds market on Monday, dealers said. On the grams side grams 50x50 was higher by Rs 150 to Rs 4700-4900, gram dal 50x50 also gained Rs 100 to Rs 5300-5500. Yellow peas Canada l

Published 03 Aug, 2010 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 246,858 tonnes of cargo including 177,205 tonnes of import cargo; 69,653 tonnes of export cargo and 5,396 loaded and empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 177,205 tonnes com

Published 03 Aug, 2010 12:00am

Kuwait offers 74,000 tonnes of naphtha for first half September

Kuwait Petroleum Corp (KPC) has offered a total of 74,000 tonnes of naphtha for first-half September loading, at a time when spot offers for next month's cargoes from the Middle East have slowed, traders said on Monday. KPC has offered 50,000 tonnes of fu

Published 03 Aug, 2010 12:00am

HRW wheat bids fall

Cash bids for hard red winter wheat in the US Plains were steady to weaker on Monday with merchants continuing to back off following active farmer sales. Exporter demand continued to underpin basis, while wheat offers backed off slightly. Protein premiums

Published 03 Aug, 2010 12:00am

Ivorian cocoa helped by patchy rains and sun

Patchy rains and sun in most of Ivory Coast's cocoa growing regions last week helped development of this season's last pods, but more sun was needed to slow disease and maximise the start of the next season in October, farmers and analysts said on Monday.

Published 03 Aug, 2010 12:00am

Russian grain prices keep rising on drought

Russian grain prices continued to rise rapidly last week because of a spreading drought, which made holders of grain reluctant to part with their stocks, analysts said on Monday. A recent Egyptian tender has confirmed that Russian milling wheat remains co

Published 03 Aug, 2010 12:00am

US wheat climbs to 22-month high; corn, soya firm

US wheat jumped 2.5 percent on Monday to a 22-month high as the market started a new month on a bullish note following its biggest monthly gain since at least 1959 in July on Black Sea crop concerns. Corn and soyabean futures gained more than 1 percent, t

Published 03 Aug, 2010 12:00am

US Midwest soya bids mixed, corn weak

Soyabean spot basis bids were mixed at US Midwest processors and elevators on Monday, while corn bids eased in the western part of the region and firmed at river terminals, grain merchants said. Farmer sales of both crops were light early. Some existing o

Published 03 Aug, 2010 12:00am

Ethiopia triples earnings from gold exports

Ethiopia has almost tripled earnings from gold exports to $300 million in 2009/2010 from $105 million in 2008/2009, outpacing plans to double revenue this year, its mines minister said on Monday. "We've gone up to $300 million mainly thanks to stabilising

Published 03 Aug, 2010 12:00am

Euro rates broadly stable

The interest rates banks charge each other for euros were broadly stable on Monday and traders said there remained little sign of the return to "normal" lending between banks craved by European policymakers. Benchmark Euribor rates - down for the first ti

Published 03 Aug, 2010 12:00am

Sterling rallies broadly versus dollar

Sterling rallied to a six-month high against a broadly weaker dollar on Monday, lifted by buoyant risk appetite and higher British share prices on the back of solid earnings from UK bank HSBC. The UK currency climbed to its strongest in nearly a month aga

Published 03 Aug, 2010 12:00am

Dollar dips in Asia: high-yieldering Australian dollar gains

The high-yielding Australian dollar rose on Monday helped by a rise in equities, while the dollar hit a three-month low against a basket of currencies, hurt by persistent worries that the US economy's recovery is losing steam. The dollar has been hobbled

Published 03 Aug, 2010 12:00am

Early trade in New York: growth worries hurt dollar

Fears the US recovery is faltering drove the dollar to a three-month low on Monday against a basket of currencies while strong European earnings pushed sterling to a six-month high against the greenback. The euro neared $1.32 for the first time since earl

Published 03 Aug, 2010 12:00am

Dollar index dips to fresh three-month low in London

The dollar index hit a three-month low on Monday, hurt by worries that the US economy's recovery is losing steam, while the high-yielding Australian dollar reached a three-month high, buoyed by a rise in equities. The dollar has been hobbled by concerns o

Published 03 Aug, 2010 12:00am

Indian rupee off one-month peak

The Indian rupee pulled off from one-month highs on Monday driven by dollar purchases by importers, but still closed stronger on the day, helped by gains in local shares and the dollar's drop versus major currencies. The partially convertible rupee closed

Published 03 Aug, 2010 12:00am

Ringgit at over two-year high

The South Korean won and Malaysian ringgit led Asian currencies higher on Monday as investors bid up riskier assets, prompting several central banks in the region to intervene to temper local currency gains. The US dollar hit a three-month low against a b

Published 03 Aug, 2010 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 69.4050/69.4200 (previous 69.41/69.4125). Call Money Rates: 2.15-3.50 percent (previous 2.50-3.50 percent).

Published 03 Aug, 2010 12:00am

Australian at three month high; New Zealand dollar in tow

The Australian dollar hit three-month highs on Monday as a soft US dollar, higher Asian equities and light short-covering activity all helped to lift demand for the high-yielding currency. The Australian dollar skipped past two resistance levels to as far

Published 03 Aug, 2010 12:00am

Yuan slightly higher

The yuan closed up slightly against the dollar in both onshore spot and offshore forwards markets on Monday as data showing the US economy was slowing drove the dollar index to its lowest level in three months, diverting funds into other currencies. The P

Published 03 Aug, 2010 12:00am

Liverpool consider Chinese takeover

Premier League club Liverpool could be bought by a Chinese business tycoon within days, according to reports here on Monday. Kenny Huang, head of Hong-Kong based investment company QSL Sports Ltd, is reported to be in talks with the Royal Bank of Scotland

Published 03 Aug, 2010 12:00am

World's oldest Test cricketer dies

Acclaimed New Zealand sportsman Eric Tindill, a double international who was the world's oldest surviving Test cricketer and an All Black, has died aged 99, a family spokesman said Monday. As well as playing cricket and rugby at Test level, Tindill also a

Published 03 Aug, 2010 12:00am

Tendulkar set for record Test appearance

India's world batting record holder Sachin Tendulkar is poised to become cricket's most-capped Test player on Tuesday, adding another milestone to one of the sport's most accomplished careers. Tendulkar will overtake former Australian captain Steve Waugh

Published 03 Aug, 2010 12:00am

Former players criticise Pakistan's late selections

Former Pakistan Test players Monday criticised two of their cricket board's selections for the second Test against England, saying the decision would make the national team a "laughing stock." The Pakistan Cricket Board (PCB) axed leg-spinner Danish Kaner

Published 03 Aug, 2010 12:00am

Salman Butt puts faith in Pakistan's novices

Pakistan captain Salman Butt has insisted recalling former skippers Mohammad Yousuf and Younus Khan is far from a miracle cure as his side tries to recover from a thumping defeat by England. Butt experienced the rollercoaster nature of life as Pakistan ca

Published 03 Aug, 2010 12:00am

Murray loses final to Querrey

Andy Murray squandered a match point in the second set and American Sam Querrey rallied Sunday for a 5-7, 7-6 (7/2), 6-3 victory over the British top seed in the final of the Los Angeles Open. The 23-year-old Scotsman missed a golden chance for his first

Published 03 Aug, 2010 12:00am

Pakistani team for ICC Women Cricket Challenge announced

Pakistan Cricket Board on Monday announced 14-member Pakistan women team for ICC Women Cricket Challenge being played from October 3-18 in South Africa. Selection Committee consisting Farrukh Zaman as its Chairman and Azhar Khan and Ehtasham-ud-Din member

Published 03 Aug, 2010 12:00am

Bangladesh board postpones New Zealand Tests

Bangladesh will play five one-day international matches against New Zealand in October, instead of the scheduled two Tests and three limited-over contests, an official said Monday. "It's a decision of the board and this morning we have conveyed our decisi

Published 03 Aug, 2010 12:00am

Pakistan cueists to feature in fourth international events

Pakistan cueists will be featuring in the four international events till April 2011, Pakistan Billiards and Snooker Association (PBSA) said here on Monday. "Pakistan cuemen will in action in Asian Games, IBSF World Snooker, 6-Red Asian championship and IB

Published 03 Aug, 2010 12:00am

Noble bonds gain on debut

Bonds from Singapore's Noble Group gained on their Asian debut on Monday, reflecting continued strong demand for the region's high-yielding corporate credits, while the broader market was firmer, tracking gains in equities.

Published 03 Aug, 2010 12:00am

Noble bonds gain on debut

Published 03 Aug, 2010 12:00am

Nikkei rises

Japan's Nikkei average rose 0.4 percent on Monday as investors snapped up shares of firms with robust earnings, while a pull-back in the yen after last week's rise also helped the market to shrug off dull US economic data. Honda Motor Co climbed 4 percent

Published 03 Aug, 2010 12:00am

Booming Iran stock market unscathed by sanctions

Sanctions against Iran have done nothing to dent a boom in its stock market, as investors bet on a continued rise in company stocks which have been undervalued for years, the head of the Tehran bourse said. The market hit its latest record on Monday, with

Published 03 Aug, 2010 12:00am

European CDS tighten

European corporate credit default swap spreads maintained a tighter trend on Monday, helped partly by buoyant European equities and solid results from banks BNP Paribas and HSBC. By 0935 GMT, the investment-grade Markit iTraxx Europe index was at 102.5 ba

Published 03 Aug, 2010 12:00am

European CDS tighten

Published 03 Aug, 2010 12:00am

Indian shares rise most in six weeks

Indian shares notched their best single-day percentage-point gain in 6 weeks to close 1.2 percent higher on Monday, boosted by in-line corporate earnings, strong July auto sales and a pick up in manufacturing expansion, with firm world equities also suppo

Published 03 Aug, 2010 12:00am

South Asian stocks: Singapore, Thailand lead regional gains

Singapore's stock market hit a 15-week high on Monday due to optimism over corporate results and high dividend payouts while Thai stocks climbed to their highest level in 26 months, supported by the recovery in the economy. Investors around Asia shrugged

Published 03 Aug, 2010 12:00am

Hong Kong, China shares climb

Hong Kong stocks rose to a three-month closing high on Monday, led by hopes for strong earnings at HSBC Holdings Plc and on news that contract cell phone maker Foxconn International Holdings Ltd has resumed operations at a factory in India.

Published 03 Aug, 2010 12:00am

Seoul shares near 26-month high

Seoul shares rose on Monday led by automakers such as Hyundai Motor amid a positive earnings outlook for 2010, with retail issues led by Lotte Shopping also outperforming on strong July sales. The Korea Composite Stock Price Index (KOSPI) finished up 1.30

Published 03 Aug, 2010 12:00am

Closing stock market indices

Major stock markets outside the United States ended on Monday.

Published 03 Aug, 2010 12:00am

FTSE rallies on banks, commodity stocks

Banks and commodity stocks powered a sharp rise in Britain's top share index on Monday, as HSBC's results beat forecasts and metal and energy prices rose. The FTSE 100 closed up 139.09 points, or 2.7 percent, at 5,397.11. For the month of July the index r

Published 03 Aug, 2010 12:00am

Thousands protest Bangladesh wages for fourth day

Bangladeshi garment workers blocked roads and attacked factories on Monday as protests over the level of a new minimum wage spilled into a fourth day. Around 10,000 workers in Fatullah, south of the capital Dhaka, pelted police with rocks as they demanded

Published 03 Aug, 2010 12:00am

German engineering sector reports largest rise on record

Germany's engineering sector continues to drive the country's recovery as orders in the sector leapt by a record 62 percent in June, data showed on Monday, indicating Europe's largest economy could accelerate in the second half.

Published 03 Aug, 2010 12:00am

Must move fast on new regulations: Geithner

US Treasury Secretary Timothy Geithner said on Monday that new financial rules need to be put in place quickly and old ones need to be rooted out to build a stronger financial system. "We will move as quickly as possible to bring clarity to the new rules

Published 03 Aug, 2010 12:00am

Must move fast on new regulations: Geithner

Published 03 Aug, 2010 12:00am

US economy has to grow faster: Obama

President Barack Obama said in an interview aired on Monday that the US economy must grow faster and that unemployment is a "huge problem." "We've got to keep on growing faster than we're currently growing," he said in a CBS interview taped Friday and air

Published 03 Aug, 2010 12:00am

Economy still short of full recovery, says Bernanke

The US economy is improving but has yet to recover fully, with high unemployment and a weak housing market weighing on consumers, Federal Reserve Chairman Ben Bernanke said on Monday. In remarks to state legislators that focused heavily on the problems fa

Published 03 Aug, 2010 12:00am

European car sales decline

Spanish, Italian and French car sales dropped in July from a year ago as scrappage schemes were phased out and austerity measures kicked in, figures showed on Monday. In Spain, industry association ANFAC warned of a tough second half for car sales as gove

Published 03 Aug, 2010 12:00am

Greek economy holds up, recovery still uncertain

Greece's recession-hit economy is faring better than expected after its debt crisis this year, but recovery is still far off, economists said as manufacturing data on Monday showed the pace of contraction to be easing.

Published 03 Aug, 2010 12:00am

HSBC, BNP profits beat view after bad debts tumble

HSBC and BNP Paribas, two of Europe's top three banks, trumped earnings forecasts after bad debts fell sharply, more than offsetting slowing investment banking growth and lifting both shares. The two banks on Monday showed a dip in investment banking inco

Published 03 Aug, 2010 12:00am

HSBC, BNP profits beat view after bad debts tumble

Published 03 Aug, 2010 12:00am

UAE BlackBerry ban sets dangerous precedent: US

The United States said it was disappointed that the United Arab Emirates planned to cut off key BlackBerry services and said the Gulf nation was setting a dangerous precedent in limiting freedom of information. "We are committed to promoting the free flow

Published 03 Aug, 2010 12:00am

Saudi company says told to ban key BlackBerry services

A Saudi telecom company said on Monday that the kingdom's regulatory authority ordered it to suspend key BlackBerry services, after a similar move in the United Arab Emirates.

Published 03 Aug, 2010 12:00am

Swiss PMI at record high

Switzerland's economy is recovering at a solid pace as manufacturers are cranking up production and companies are stepping up hiring, with data on Monday showing record growth in a Swiss purchasing managers' index and in a quarterly employment barometer.

Published 03 Aug, 2010 12:00am

Output grows in US, Europe; China slows

Global manufacturing showed little risk of a double-dip recession as output in July grew in the United States and Europe and a rare contraction in China suggested Beijing was successfully reining in its hot economy. Global stock markets welcomed Monday's

Published 03 Aug, 2010 12:00am

SEC probes BP as it poised to 'kill' Gulf well

US regulators were investigating BP Plc on Monday for possible insider trading related to its Gulf of Mexico oil spill, dealing a potential blow to the energy giant's efforts to restore investor confidence. Two sources familiar with the preliminary Securi

Published 03 Aug, 2010 12:00am

Fire kills 18 at South African home for elderly

Fire swept through a home for the elderly near Johannesburg Monday killing 18 people, but dozens were rescued through windows and dragged from the flames on mattresses, paramedics said. The fire erupted late Sunday and gutted the Pieter Wessels home for t

Published 03 Aug, 2010 12:00am

Abbas resists US pressure for direct talks

The Palestinian president told a visiting US official on Monday that Israel must commit to clear terms of reference for peace talks before the start of direct negotiations, Palestinian officials said. US President Barack Obama's administration is putting

Published 03 Aug, 2010 12:00am

Rockets hit Israel, Jordan resorts; one dead in Aqaba

Rockets from Egypt's Sinai, where Islamist militants have operated in the past, hit Israel's and Jordan's Red Sea port resorts on Monday, killing a Jordanian civilian and injuring three others, Jordanian and Israeli police said. A Jordanian interior minis

Published 03 Aug, 2010 12:00am

UN announces panel to probe Gaza flotilla raid

UN chief Ban Ki-moon on Monday announced a four-member panel, including an Israeli and a Turk, to probe Israel's deadly raid in May on a Gaza-bound aid flotilla. The panel, chaired by former New Zealand prime minister Geoffrey Palmer and with outgoing Col

Published 03 Aug, 2010 12:00am

15 dead in Russian airliner crash

A Russian regional airliner crashed upon landing in eastern Siberia on Monday, killing all 15 people onboard, the emergency situations ministry said. "An An-25 aircraft flying from Krasnoyarsk crashed at 1740 GMT while trying to land, near the airport for

Published 03 Aug, 2010 12:00am

Russia declares emergency as wildfires kill 40

Russia's leaders declared a state of emergency on Monday in seven provinces and ordered authorities to guard weapons storage facilities from wildfires that have killed at least 40 people. Thousands more have lost their homes to blazes stoked by Russia's w

Published 03 Aug, 2010 12:00am

Czech military intelligence uncovered its own spies

The Czech Republic's military intelligence service unintentionally revealed the identities of its own agents active after the fall of Communism, a newspaper report said Monday. The blunder dates back to April, when the state-run Prague-based Insitute for

Published 03 Aug, 2010 12:00am

Hiroshima mayor, Chinese activists win 'Asian Nobel'

The three-term mayor of Hiroshima who spearheaded a global campaign for nuclear disarmament and a photographer who documented river pollution in his native China are among the 2010 winners of the Ramon Magsaysay Awards. The awards announced Monday are con

Published 03 Aug, 2010 12:00am

Saudi insurer 'to pay pirates $20 million ransom'

A Saudi insurance company is to pay Somali pirates a 20-million-dollar ransom to free a hijacked ship and its 14-member crew held hostage for five months, a newspaper reported on Monday. "The owner of the Al-Nisr Al-Saudi ship, which was hijacked by Somal

Published 03 Aug, 2010 12:00am

Somali pirates hijack cargo ship with 23 crew

Somali pirates hijacked a Panamanian-flagged cargo ship with 23 crew onboard during an early morning raid Monday, the European Union Naval Force said. The crew onboard the 17,300-ton MV Suez are from Egypt, Pakistan, Sri Lanka and India, the force said in

Published 03 Aug, 2010 12:00am

Ahmadinejad says ready for 'face-to-face' talks with Obama

Hardline Iranian President Mahmoud Ahmadinejad said Monday he was ready for face-to-face talks with his US counterpart Barack Obama, whom he said was being influenced by Israel in his global policies. Criticising Obama for missing "historic opportunities"

Published 03 Aug, 2010 12:00am

PLA promotes Mao's grandson to general

China's People's Liberation Army (PLA) has promoted a grandson of Mao Zedong to become its youngest serving general at 40 years old, state media said on Monday. Mao Xinyu was given his new rank as the PLA announced dozens of promotions in the run-up to Su

Published 03 Aug, 2010 12:00am

UK government targets student visa abuse, opens migrant camp

Ministers ordered a shake-up of the non-EU student visa system in a bid to crack down on illegal migrants on Monday, saying it was prone to abuse, and opened the biggest removal centre in Europe to speed up deportations.

Published 03 Aug, 2010 12:00am

10 Taliban, 35 al Qaeda members taken off UN terror list

Ten Taliban members and 35 al Qaeda members and affiliates have been removed from a UN sanctions terror list after an exhaustive review of 488 names, Austria's UN ambassador announced Monday. "As a result of the review of 488 names, 45 were delisted," Tho

Published 03 Aug, 2010 12:00am

IHK seeks urgent reinforcements against resistance

The chief minister of held Kashmir flew to the capital on Monday calling for urgent reinforcements to end the worst anti-government violence in two years in which more than 30 people have died.

Published 03 Aug, 2010 12:00am

Mirza asks police to assist in relief work

Provincial Home Minister, Dr Zulfiqar Ali Mirza, has directed the Sindh police to fully assist the local administration in relief and rescue works in view of the impending floods. In a directive issued here on Monday, he asked the police to assist in shif

Published 03 Aug, 2010 12:00am

Ramazan moon sighting on August 11

The meeting of Central Ruet-e-Hilal Committee for sighting the moon of Ramazan-ul-Mubarak (1431 Hijri) would be held on August 11 in Karachi. The central committee would meet under its Chairman Mufti Muneeb-ur-Rehman in the building of Pakistan Meteorolog

Published 03 Aug, 2010 12:00am

Rains, floods: government's inadequate steps spark heated debate in Senate

The recent rains and floods, which killed thousands of people and made many homeless across the country particularly in Khyber Pakhtunkhwa (KP), sparked a heated debate in Senate on Monday as the members went all out to record their displeasure regarding

Published 03 Aug, 2010 12:00am

ICAP announces results of IFRS Diploma Examination Summer 2010

The Council of the Institute of Chartered Accountants of Pakistan (ICAP) is pleased to declare the results of the IFRS Diploma Examination held in June 2010.

Published 03 Aug, 2010 12:00am

New York cotton ends at five-week top

Cotton futures ended at a five-week peak on Monday, as a combination of strong technical momentum and supportive outside markets buoyed values, but stiff resistance near the 80-cent level could spark a near-term correction, analysts said. "Cotton has had

Published 03 Aug, 2010 12:00am

Shanghai copper rallies

Shanghai copper rose nearly 3 percent on Monday, lifted by strong equities and a weak dollar, as markets shrugged off news that Chinese manufacturing shrank in July, but traders and analysts said room for a further rise might be limited.

Published 03 Aug, 2010 12:00am

Industrial metals hit multi-month highs

Industrial metals hit multi-month highs on Monday, with copper touching its loftiest since April, as investors grew more optimistic about the economic outlook, especially in the United States. Institute of Supply Management data showed manufacturing activ

Published 03 Aug, 2010 12:00am

Oil rises three percent, breaks $80 a barrel level

Oil rose 3 percent on Monday to break above $80 a barrel, its highest price in nearly three months, as equity markets rose on positive economic sentiment and the dollar weakened. US September crude settled up $2.39 at $81.34 a barrel, the highest settleme

Published 03 Aug, 2010 12:00am

Tokyo rubber futures hit five-week high

Key Tokyo rubber futures hit a five-week high on Monday, helped by a jump in oil prices and a pause in the yen's strengthening against the dollar. The key Tokyo Commodity Exchange rubber contract for January delivery rose 6.8 yen or 2.5 percent to settle

Published 03 Aug, 2010 12:00am

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Published 03 Aug, 2010 12:00am

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Published 03 Aug, 2010 12:00am

Malaysian palm oil soars

Malaysian crude palm oil jumped on Monday to hit a three-and-a-half month high after a top analyst said a lower European rapeseed crop will spur more imports for other vegetable oils, including palm, and as soybeans gained. High export figures and gains i

Published 03 Aug, 2010 12:00am

London coffee slumps

Liffe November robusta coffee settled $36 lower at $1,792 per tonne after hitting a 21-month high of $1,843 on Monday. Prices turned lower, tracking an even sharper setback in ICE arabicas, with both markets heavily overbought after a strong advance, whic

Published 03 Aug, 2010 12:00am

Gold strengthens in Asia

Gold strengthened on Monday after jewellers resurfaced at lower levels, while strong equities lifted platinum group metals despite a lack of buying interest from automakers. Spot gold added $1.75 to $1,183.25 by 0553 GMT after hitting a low of $1,179.20 a

Published 03 Aug, 2010 12:00am

Gold stay up in Europe

Gold rallied for a fourth day on Monday as the euro firmed to a three-month high against the dollar and as prices of other commodities such as crude oil jumped. Spot gold rose as high as $1,190.40 an ounce and was bid at $1,184.75 an ounce at 1505 GMT, ag

Published 03 Aug, 2010 12:00am

US MIDDAY: coffee slides

Arabica coffee futures on ICE hit a 12-1/2-year high on Monday, supported by fund buying driven both by supportive technical and fundamental influences, before falling back as the market's rally temporarily ran out of steam. Raw sugar on ICE also fell bac

Published 03 Aug, 2010 12:00am

US MIDDAY: wheat, corn and soya soar

Wheat, corn and soyabean futures on the Chicago Board of Trade soared early on Monday as concerns about drought in key exporter Russia sparked technical buying, lifting front-month wheat futures above $7 for the first time since 2008, traders said.

Published 03 Aug, 2010 12:00am

US MIDDAY: copper climbs

US copper futures settled at their highest level since late April on Monday as economic sentiment improved on the back of global manufacturing data that suggested a more stable recovery outlook. Copper for September delivery jumped 7.80 cents, or 2.36 per

Published 03 Aug, 2010 12:00am

US MIDDAY: gold lower; silver platinum climb

Gold turned lower early on Monday despite broad metals and commodity gains amid economic optimism, as technical selling put a damper on bullion's initial rise. Silver and platinum group metals, however, climbed on positive economic sentiment amid sharp in

Published 03 Aug, 2010 12:00am

KCA nominates Sohail Naseem on KPT board

The executive committee of the Karachi Cotton Association (KCA) has unanimously elected its chairman Sohail Naseem on the board of trustees of the Karachi Port Trust (KPT) for the term 2010-2012 commencing from 01-07-2010.

Published 03 Aug, 2010 12:00am

Pakistanis in New York hold big Independence Day parade

Thousands of Pakistanis from the tri-state area-New York, New Jersey and Connecticut-joined a colourful parade on Sunday marking the 64th anniversary of Pakistan, pledging to do everything possible to help their flood-hit compatriots back home.

Published 03 Aug, 2010 12:00am

Mobile phone company complains against double ST by FBR, provinces

A leading mobile phone company has conveyed to the Federal Board of Revenue (FBR) that imposition of 17 percent provincial sales tax on telecommunication services by Punjab and Khyber Pukhtunkhwa would result in extraordinary burden on the cellular compan

Published 03 Aug, 2010 12:00am

All Pakistan CNG Association will not observe gas loadshedding today

All Pakistan CNG Association has announced it will not observe gas load shedding throughout the country on Tuesday (today) as per gas load management scheduled announce by Sui Northern Gas Pipe Lines Pvt Limited (SNGPL). As many as 3,187 CNG Stations will

Published 03 Aug, 2010 12:00am

Sustainable, Collaborative Research Networks workshop begins

A two day workshop on Sustainable and Collaborative Research Networks, with the co-operation of British Council and HEC, started here at Lahore College for Women University (LCWU). Vice-Chancellor Professor Dr Bushra Mateen was the chief guest. The worksh

Published 03 Aug, 2010 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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