News Archives for Print - 2015-06-17

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Print - 2015-06-17

New York cotton

The fluctuations observed during the day:

Published 17 Jun, 2015 12:00am

New York cotton

The fluctuations observed during the day:

Published 17 Jun, 2015 12:00am

Cotton

On Monday at Pakistan Mercantile Exchange (PMEX), value traded was PKR 2.347 billion as compared to PKR 1.711 billion reported on Friday, an increase of 37 percent. The number of lots traded also increased by 10 percent to 13,334 from 12,076. PMEX Commodi

Published 17 Jun, 2015 12:00am

CBOT wheat futures fall to two-week low

Wheat futures on the Chicago Board of Trade fell to a two-week low on Monday on strong competition for export sales and forecasts for improving harvest weather in the southern US Plains, traders said. CBOT July wheat fell below chart support at its 50-day

Published 17 Jun, 2015 12:00am

Vietnamese coffee sales slow as prices fail to extend gains

Vietnamese coffee sales weakened this week as price gains failed to meet expectations, but buyers still have the option to take robusta from Indonesia's ongoing harvest, traders said. Farmers and speculators in Vietnam, the world's top robusta producer, s

Published 17 Jun, 2015 12:00am

US FOB Gulf corn and soyabeans offers rise

US FOB Gulf basis offers for corn and soyabeans were higher for old-crop shipments on Monday, gaining in tandem with higher nearby CIF basis values as rising river levels slowed barge shipping and raised costs for exporters, traders said. FOB Gulf wheat b

Published 17 Jun, 2015 12:00am

US natural gas futures jump five percent on rising demand

US natural gas futures jumped over 5 percent on Monday on forecasts demand will increase over the next two weeks due to rising air conditioning use and some worries a tropical storm could disrupt production along the Texas Gulf Coast. A tropical disturban

Published 17 Jun, 2015 12:00am

EU wheat prices fall on weekend rains

EU wheat prices were lower on Monday, sapped by a slide in US futures and weekend rains which may have improved the outlook for crops in some areas. December milling wheat on Euronext, the most active contract on the Paris-based market, settled down 4.25

Published 17 Jun, 2015 12:00am

Karachi Port's activities

The Karachi Port handled 113,267 tonnes of cargo comprising 76,907 tonnes of import cargo and 36,360 tonnes of export cargo including 4,689 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 76,

Published 17 Jun, 2015 12:00am

Cotton

Oil cake market rates

The July vaida was up on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The July vaida closed at Rs 1842.50 and it opened with a gain of 20 paisa at Rs 1842.70 in the morning session, they said. The December vaid

Published 17 Jun, 2015 12:00am

Cotton

Spinners, mills evince fresh buying interest

Fresh buying interest among the mills and spinners seen on the cotton market on Tuesday, which helped to improve the volume of business, dealers said. The official spot rate was down by Rs 50 to Rs 5400, dealers said. In the ready session, around 2000 bal

Published 17 Jun, 2015 12:00am

Canadian canola futures fall

ICE Canadian canola futures dipped on Monday, pulled lower by beneficial weekend rains in Western Canada and weakness in soybeans. Western Canada received showers during the weekend, but not enough to remedy dry conditions. Dryness is also hurting Austral

Published 17 Jun, 2015 12:00am

Cotton

Downward trend on grain market

A declining trend was seen on the wholesale grain market on Tuesday in the process of trading, they said. On the cereals side, Moong Punjab was lower by Rs 250 to Rs 11250 and the Moong Afghan also shed Rs 125 to Rs 12625, Masoor Canada low type was down

Published 17 Jun, 2015 12:00am

CVS Health to buy Target's pharmacy business for $1.9 billion

Drugstore operator CVS Health Corp will buy Target Corp's pharmacies and clinics in a $1.9 billion deal that should help it bargain with drug makers for lower prices, while freeing Target from a costly business where it struggled to make a profit. CVS, th

Published 17 Jun, 2015 12:00am

Foreigners snap up Canadian securities for fourth straight month

Foreign investors bought Canadian securities for the fourth straight month in April, snapping up C$12.94 billion ($10.52 billion) to set a new record for the opening four months of a year, Statistics Canada said on Tuesday. Non-residents bought C$5.04 bil

Published 17 Jun, 2015 12:00am

Currency

Switzerland trims GDP forecasts

Switzerland's government trimmed its economic forecasts for this year and next, saying a strong franc is already hurting exports and the currency could get even stronger if Greece fails to reach a deal with creditors. Talks between Greece and its creditor

Published 17 Jun, 2015 12:00am

Foreign investment in Africa surged in 2014

Foreign investment in Africa surged in 2014, fuelled in part by higher spending in North Africa as worries about the Arab Spring recede, according to a study by Ernst & Young. Total foreign investment in Africa rose to $128 billion in 2014, more than doub

Published 17 Jun, 2015 12:00am

Indonesia's trade surplus increases in May

Indonesia's trade surplus grew to $950 million in May, official data showed Monday, as imports slid sharply in Southeast Asia's largest economy. It was the sixth straight month that Indonesia has recorded a trade surplus and the figure was about double th

Published 17 Jun, 2015 12:00am

Court rules 2008 AIG takeover illegal but awards no damages

A US court ruled Monday that the government takeover of insurer AIG at the height of the financial crisis was illegal, but refused to grant billions of dollars in damages to company founder Hank Greenberg. The court said that the Federal Reserve's New Yor

Published 17 Jun, 2015 12:00am

Brazil retail sales drop unexpectedly

Retail sales in Brazil defied expectations of a rebound in April and fell for the third straight month as unemployment and inflation rose and consumer confidence languished near its lowest level in at least a decade. Retail sales volumes dropped 0.4 perce

Published 17 Jun, 2015 12:00am

Metro says won't sell Kaufhof 'below value'

German retailer Metro AG will not compromise on price for a sale of its department store chain Kaufhof and other factors such as solid financing will also be important in the decision, Finance Chief Mark Frese was quoted as saying. Frese told finance dail

Published 17 Jun, 2015 12:00am

Currency

Jordan tourism revenues drop

Jordan's tourism revenues fell by 15 percent in the first quarter of the year as visitors stayed away with conflicts raging in neighbouring Iraq and Syria, the tourism minister said Monday. "Some believe that Jordan is part of the problem underway in the

Published 17 Jun, 2015 12:00am

Philippines stops 'photobomber' building construction

A high-rise condominium project that has outraged Philippine conservationists for allegedly ruining views of a national monument was stopped by the Supreme Court Tuesday, officials said. The 49-storey Torre de Manila development looms on the skyline behin

Published 17 Jun, 2015 12:00am

British inflation rate turns positive in May

Britain's annual inflation rate rebounded in May after briefly entering negative territory the previous month, official data showed Tuesday. "The Consumer Prices Index rose by 0.1 percent in the year to May 2015, compared with a 0.1 percent fall in the ye

Published 17 Jun, 2015 12:00am

UK market regulator plays down risk from 'Brexit'

The head of Britain's financial market regulator played down concern about the possible effects of Britain leaving the European Union in an interview with the Wall Street Journal published Tuesday. "Switzerland operates I think reasonably successfully out

Published 17 Jun, 2015 12:00am

US approves plans for three states set up Obamacare exchanges

The Obama administration has approved plans by Arkansas, Delaware and Pennsylvania to create their own state-based health insurance marketplaces instead of relying on a federal website to enroll residents, a government spokesman said on Tuesday. The three

Published 17 Jun, 2015 12:00am

Greek PM attacks creditors as pressure builds for debt deal

Greek Prime Minister Alexis Tsipras on Tuesday accused international creditors of trying to "humiliate" the country and called on Europe to reconsider its support for harsh IMF reform proposals. "The fixation on cuts...is most likely part of a political p

Published 17 Jun, 2015 12:00am

French government pushes through economic reforms

France's socialist government on Tuesday forced a package of key economic reforms through parliament without a vote, sparking a walk-out from the opposition and a vote of no-confidence. With a left-wing flank of rebel MPs threatening to torpedo the passag

Published 17 Jun, 2015 12:00am

Commercial plane orders slow; jetmakers focus on backlog

The boom in commercial plane orders of recent years appears to be giving way to a more sustainable pace of demand at the 2015 Paris air show, with jetmakers increasingly focused on lifting production to meet their record backlog of sales. US planemaker Bo

Published 17 Jun, 2015 12:00am

China lends $300 million to build strategic road in Kyrgyzstan

China will provide nearly $300 million in credit to help Kyrgyzstan build a strategic road for trade, the ex-Soviet state said Tuesday, as part of Beijing's grand vision to improve transport links across the region. The allocation from state-run Export-Im

Published 17 Jun, 2015 12:00am

China's US Treasury debt holdings rise for 2nd month

China's holdings of US Treasuries increased for a second straight month in April, making it the largest holder of US government debt, data from the US Treasury Department showed on Monday. China held $1.263 trillion in US Treasuries, up from $1.261 trilli

Published 17 Jun, 2015 12:00am

China's US Treasury debt holdings rise for 2nd month

Published 17 Jun, 2015 12:00am

China has four million millionaires

China had four million millionaire households in 2014, the second-highest in the world after the United States, as the country's stock market boom boosted private wealth, an independent survey showed Tuesday. One million new millionaires were created in t

Published 17 Jun, 2015 12:00am

India's trade deficit narrows, exports contract

India's trade deficit narrowed to a three-month low in May, helped by lower gold imports, bolstering the outlook for its current account balance. But in a worrying sign, weak global demand as well as persistent domestic bottlenecks led to a sixth straight

Published 17 Jun, 2015 12:00am

US building permits near eight-year high; starts pull back

US permits for future home construction surged to a near eight-year high in May, suggesting a building up of momentum in housing and the broader economy after a dismal performance at the start of the year. While housing starts fell last month, that follow

Published 17 Jun, 2015 12:00am

Currency

Top EU court backs ECB's bond-buying scheme

The European Central Bank scored a landmark victory Tuesday when the EU's top court ruled its scheme to buy potentially unlimited amounts of government bonds was legal. A number of groups of German eurosceptics had contested the ECB's OMT - or Outright Mo

Published 17 Jun, 2015 12:00am

Currency

Top EU court backs ECB's bond-buying scheme

Published 17 Jun, 2015 12:00am

Gulf markets slip in line with oil; Egypt up after China deal

Most stock markets in the Gulf fell on Tuesday after a rebound in the Brent oil price proved short-lived and foreign fund inflows into Saudi Arabia remained tiny following the market's opening to international institutions this week. The main Saudi index

Published 17 Jun, 2015 12:00am

Sri Lankan stocks down

Sri Lanka's stock index slipped on Tuesday from a more-than-one-week high hit in the previous session, with many foreign investors exiting risky assets on speculation over a US rate hike while local investors were cautious ahead of a parliamentary electio

Published 17 Jun, 2015 12:00am

Tokyo stocks lower

Tokyo stocks closed 0.64 percent lower on Tuesday as investors eye deadlocked Greek debt talks and await the outcome of a Federal Reserve policy meeting later in the week. The Nikkei 225 index at the Tokyo Stock Exchange lost 129.85 points to close at 20,

Published 17 Jun, 2015 12:00am

Tuesday's early afternoon trade: stocks rise as Fed meet eyed; M&A picks up

Wall Street was higher in afternoon trading on Tuesday as deal activity picked up in the consumer and healthcare sectors and investors waited for the outcome of a two-day Federal Reserve meeting. The central bank is unlikely to raise rates in this meeting

Published 17 Jun, 2015 12:00am

Currency

Greek angst weighs on Wall Street; health stocks rise

Stocks fell on Wall Street on Monday as investors fretted over the consequences of a possible debt default by Greece, but talk of multi-billion dollar healthcare deals buoyed shares in the sector, cutting into the market's loss. After Sunday's breakdown o

Published 17 Jun, 2015 12:00am

Hong Kong shares plunge

Hong Kong stocks fell to their lowest in 10 weeks on Tuesday, with investor risk appetite curbed by political uncertainty ahead of this week's vote on electoral reform, Greek debt default worries and slumping mainland shares. The Hang Seng index fell 1.1

Published 17 Jun, 2015 12:00am

Currency

Treasury yields fall on weak data

US Treasury yields dropped on Monday after New York manufacturing data disappointed and on concerns that Greece might default on loans and be ejected from the European currency after talks between the nation and its creditors collapsed. Manufacturing in N

Published 17 Jun, 2015 12:00am

Currency

Treasury yields fall on weak data

Published 17 Jun, 2015 12:00am

Indian shares fall

Indian shares fell on Tuesday as private sector lenders that are heavily owned by foreign investors, such as ICICI Bank, declined on continued foreign portfolio sales and worries central bank may not cut rates further this year. Indian central bank's proj

Published 17 Jun, 2015 12:00am

China stocks post biggest fall in nearly three weeks

China stocks posted their biggest slump in nearly three weeks on Tuesday as investors dumped shares across the board amid fears of a fresh government crackdown on illegal margin financing and a new wave of IPOs. Over the weekend, China's securities regula

Published 17 Jun, 2015 12:00am

European equities recover, Greek shares slip

European shares recovered in late trading and ended higher on Tuesday after hitting a four-month low, with analysts saying the Greece-led sell-off and a weaker euro had created some buying opportunities for investors. The pan-European FTSEurofirst 300 ind

Published 17 Jun, 2015 12:00am

Australian shares edge down

Australian shares pared intraday gains and ended slightly lower on Tuesday as concerns about a Greek debt default undercut hopes that the US Federal Reserve may delay a rate hike. After rising as much as 0.6 percent, the S&P/ASX 200 index retreated in the

Published 17 Jun, 2015 12:00am

Southeast Asian stocks mostly up

Most Southeast Asian stock markets rose in light trading on Tuesday, with oversold Indonesian shares regaining some recent lost ground amid foreign-led buying, but the regional risk appetite remained weak before a US Federal Reserve meeting. Indonesia's k

Published 17 Jun, 2015 12:00am

FTSE bounces off 5-month lows as tobacco stocks rise

Britain's main share index bounced up off five-month lows on Tuesday, boosted by firmer tobacco stocks and a broader stabilisation in equity markets which have slumped in recent sessions on fears over Greece. The bluechip FTSE 100 index closed at 6,710.10

Published 17 Jun, 2015 12:00am

Currency

Dollar rises in Asian trade

The dollar firmed in Asian trade on Tuesday, as traders braced for the outcome of the US Federal Reserve's two-day policy meeting that takes place amid the backdrop of a looming crisis in Greece. The greenback briefly spiked to a session high of 123.81 ye

Published 17 Jun, 2015 12:00am

Currency

Yen dips, euro inches down in Europe

The dollar inched higher against the yen on Tuesday, while the euro again proved relatively robust in the face of fears that Greece may be edging towards a debt default and departure from the euro. It has been a messy fortnight for major currency markets,

Published 17 Jun, 2015 12:00am

Early trade in NY: Dollar rises, euro down

The dollar edged ahead on Tuesday, as worries that Greece was tilting towards debt default dragged on the euro and US housing data encouraged speculation that the Federal Reserve will soon raise interest rates. Except for the euro, which was off 0.5 perce

Published 17 Jun, 2015 12:00am

Currency

Euro erases early losses in New York

The euro erased losses on Monday as the shock of a failed negotiation on Sunday between Greece and its creditors faded and investors turned their focus toward a US rate decision later in the week. The euro zone finance minister's meeting on Thursday now t

Published 17 Jun, 2015 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.75 percent (Previous 05.25-06.75 percent).

Published 17 Jun, 2015 12:00am

Currency

Sri Lankan rupee steady

The Sri Lankan rupee closed steady for a second straight session on Tuesday as a state-run bank, through which the central bank directs the market, offered dollars at 134.00 and on sales of the greenback by banks, dealers said. The spot rupee ended steady

Published 17 Jun, 2015 12:00am

Yuan snaps 8-day losing streak

China's yuan snapped an eight-day losing streak against the dollar on Tuesday and edged up after the central bank set the official guidance rate higher. "Some companies sold dollars in early trade, and that pushed up the rate a little bit, but the dollar

Published 17 Jun, 2015 12:00am

Currency

Weak US data supports Asia FX

Most emerging Asian currencies rose on Tuesday after disappointing US economic data, while caution increased ahead of the Federal Reserve's monetary policy meeting starting later in the day. The Taiwan dollar advanced on exporters' demand. Other regional

Published 17 Jun, 2015 12:00am

Egyptian pound steady

Egypt's central bank kept the pound's exchange rate steady at 7.53 to the dollar at a foreign exchange auction on Tuesday, with black market rates also stable. The central bank has held the official exchange rate unchanged for four months since letting th

Published 17 Jun, 2015 12:00am

Currency

Sterling rallies on safe-haven allure

Sterling rallied to a three-week high against the dollar and was on track for its biggest one-day gain versus the euro in a month on Tuesday, as investor angst about a Greek default and Greece's possible exit from the euro zone pushed them into safer have

Published 17 Jun, 2015 12:00am

Currency

Aussie holds ground on RBA minutes, NZD lags

The Australian dollar marked time against the US dollar on Tuesday after minutes of the Reserve Bank of Australia's June meeting left the near term outlook for steady rates unchanged. This was in contrast to New Zealand's central bank, which last week sur

Published 17 Jun, 2015 12:00am

FIFA says Nobel Center decision 'isn't fair play'

FIFA reacted with bitterness on Tuesday over the Nobel Peace Center's plan to end co-operation over the Handshake for Peace initiative, saying the decision was "not fair play" and obstructed anti-discrimination. In an unusually strongly-worded statement,

Published 17 Jun, 2015 12:00am

Nadal crashes out at Queen's

Rafael Nadal suffered a shock first round exit from the Wimbledon warm-up event at Queen's Club as the Spanish star was beaten 6-3, 6-7 (6/8), 6-4 by unheralded Ukrainian Alexandr Dolgopolov on Tuesday. Nadal's dismal defeat against the world number 79 is

Published 17 Jun, 2015 12:00am

Halep shows the style to storm Wimbledon

Simona Halep, who revealed herself as a serious Wimbledon challenger last year, suggested she may be even more dangerous than that this time around after an impressive start to her grass court campaign. The top-seeded Romanian hit the ball as sweetly as i

Published 17 Jun, 2015 12:00am

China advance past Kiwis as tempers flare at Women's World Cup

China battled to a 2-2 draw against New Zealand to advance to the last 16 as tempers flared in a fiery final Group A game at the Women's World Cup on Monday. Chinese coach Hao Wei was send to the stands late for hampering Ria Percival's bid to take a quic

Published 17 Jun, 2015 12:00am

PCB accepts Salman Butt's confession on spot-fixing

Pakistan's cricket chief on Tuesday said former national team captain Salman Butt has confessed to his role in a spot-fixing scandal, potentially paving his way for a return to international cricket. The 31-year-old was one of three players banned for a m

Published 17 Jun, 2015 12:00am

Hales says fans coming back to England

Alex Hales believes England have "won our fanbase back" with their bold style of cricket during the ongoing one-day series against New Zealand following a dismal World Cup. Earlier this year, England failed to make it beyond the first round of the global

Published 17 Jun, 2015 12:00am

Singapore puts stamp on colourful Games

Singapore passed the Southeast Asian (SEA) Games baton to 2017 hosts Malaysia as the competition wrapped up with a colourful closing ceremony on Tuesday. Lasers, fireworks and DJ Ferry Corsten lit up Singapore's National Stadium after the Games flame was

Published 17 Jun, 2015 12:00am

World Cup 2018 qualifying Guam stun India

Guam stunned India to move to the top of their 2018 World Cup qualifying group on Tuesday, while Japan saw their campaign get off to a rocky start as they were held to a goalless draw by Singapore. Reigning Asian champions Australia scraped past a gritty

Published 17 Jun, 2015 12:00am

Iran says some women to watch male volleyball match

There will be no general admission for Iranian women at two upcoming male international volleyball matches but a small number will be allowed to watch, a security official said Tuesday. Women are currently banned from such events in the Islamic republic b

Published 17 Jun, 2015 12:00am

Cotton

Cotton rallies on concerns tropical storm could harm Texas crop

ICE cotton futures rallied on Tuesday, erasing the prior session's steep losses on concerns that Tropical Storm Bill, which made landfall in Texas, the top cotton-growing US state, could damage the crop. "It's the adverse weather in Texas," said Keith Bro

Published 17 Jun, 2015 12:00am

Shanghai copper slips

The most-traded August copper contract on the Shanghai Futures Exchange slipped 0.9 percent to 42,150 yuan ($6,791) a tonne on Tuesday as traders trimmed risk given worries that a Greek debt default could destabilise the euro zone and as the peak manufact

Published 17 Jun, 2015 12:00am

Currency

Copper falls to three-month low

Copper prices tumbled to three-month lows on Tuesday as a stronger dollar reinforced the negative sentiment fuelled by deteriorating demand prospects from top consumer China. A higher US currency makes dollar-denominated commodities such as copper more ex

Published 17 Jun, 2015 12:00am

Rubber up

Benchmark Tokyo rubber futures rose on Tuesday, bouncing back from a 3-week low hit the previous day, as investors covered short positions after two sessions of losses and as Shanghai futures regained ground despite slumping stock prices in China. The Tok

Published 17 Jun, 2015 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 17 Jun, 2015 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 17 Jun, 2015 12:00am

Weather view weighs on corn and wheat

Chicago Board of Trade wheat futures sank 2.9 percent on Monday, hitting a two-week low on expectations that drier conditions in the US Plains will allow farmers to harvest a bumper crop, traders said. Corn futures also fell, hitting new contract lows ami

Published 17 Jun, 2015 12:00am

Vegetable Oil

Palm oil up

Malaysian palm oil futures rose for the first time in three sessions on Tuesday as the tropical oil tracked gains in comparative soy markets, but was weighed down by doubts on the effectiveness of Indonesia's levies to boost its biodiesel consumption. The

Published 17 Jun, 2015 12:00am

Sugar keeps falling, cocoa up

Raw sugar futures on ICE fell to a 6-1/2-year low for the second straight day on Tuesday, pressured by abundant supplies and chart-based sell signals, while cocoa extended gains to an 8-1/2 month high on momentum buying. Robusta coffee climbed, with the f

Published 17 Jun, 2015 12:00am

Gold surges in New York

Gold rose on Monday, buoyed by chart-based buying and the weak US dollar ahead of a Federal Reserve policy meeting while persistent uncertainty over Greece after debt talks with its creditors stalled underpinned prices. Spot gold was up 0.5 percent at $1,

Published 17 Jun, 2015 12:00am

Gold retains gains in Asia

Gold was firm near $1,185 an ounce on Tuesday, clinging to overnight gains as Greece's failure to strike a deal with its creditors triggered safe-haven bids. Spot gold was steady at $1,185.6 an ounce by 0650 GMT, after gaining 0.5 percent on Monday. The m

Published 17 Jun, 2015 12:00am

Gold slips in Europe

Gold slipped on Tuesday as the dollar firmed ahead of the US Federal Reserve policy meeting, while a looming Greek crisis failed to trigger sustained demand for safe-haven assets. Spot gold fell 0.7 percent to $1,178.06 an ounce by 1419 GMT, while US gold

Published 17 Jun, 2015 12:00am

US MIDDAY: soya moves up

Chicago Board of Trade soyabean futures rose on Tuesday, supported by the US Agriculture Department's cut to crop ratings and its report showing planting has fallen behind the typical pace, traders said. Corn and wheat futures rose too, edging higher on m

Published 17 Jun, 2015 12:00am

US MIDDAY: gold falls

Gold slipped early on Tuesday as the dollar firmed as the US Federal Reserve policy meeting got underway, while a looming Greek crisis failed to trigger sustained demand for safe-haven assets. Spot gold fell 0.4 percent to $1,181.45 an ounce by 2:59 pm ED

Published 17 Jun, 2015 12:00am

Budgetary measures, PSDP: Senate panel puts forward 92 recommendations

Senate Standing Committee on Finance has put forward 69 recommendations for Finance Bill with respect to budgetary measures and 23 recommendations for Public Sector Development Programme (PSDP). These recommendations would be presented to the Senate (toda

Published 17 Jun, 2015 12:00am

Bata Pakistan Limited

Bata Shoes is a company with a great history. The company was founded in 1894 and after multiple ups and downs it has become the pioneers of shoe making and has established itself as a market leader in quality shoes all over the world. Similarly, Bata Pak

Published 17 Jun, 2015 12:00am

Bata Pakistan Limited

Published 17 Jun, 2015 12:00am

Meezan Bank introduces Online Account Opening Form

Meezan Bank, Pakistan's first and largest Islamic Bank, has launched a first-of-its-kind facility in Pakistan by providing its customers the ability to apply online for opening an account. The 'Online Account Opening Form', now available on the Bank's Web

Published 17 Jun, 2015 12:00am

Harassment at workplace adversely affects women's performance: Sindh Ombudsman

Sindh Ombudsman Syed Peer Ali Shah has said that no country can make progress without contribution of women. He said this while lunching drive against harassment of women in the province at former Nazim Secretariat, here on Tuesday. "Out of total populati

Published 17 Jun, 2015 12:00am

KSE, UBL sign memo: first co-branded bond market index being launched

Karachi Stock Exchange (KSE) and UBL Fund Managers Limited (UBL Funds) signed a memorandum of understanding (MoU) to launch Pakistan's first Co-Branded Bond Market Index 'KSE UBL Funds Government Bond Index' to its family of indices. According to a statem

Published 17 Jun, 2015 12:00am

KSE, UBL sign memo: first co-branded bond market index being launched

Published 17 Jun, 2015 12:00am

Mutual Funds

Overseas Pakistanis UBL launches NRP Banking

UBL is known to be in the front line of offering state-of-the-art customised financial products and services, which cater to all segments of customers. In addition to the 1,300 network of branches within Pakistan, UBL has an extensive branch network inter

Published 17 Jun, 2015 12:00am

Cross-border listing: Pakistan eyes Qatari, Turkish markets for raising capital

The capital markets of Turkey and Qatar appear to be potential targets as the authorities at Karachi Stock Exchange (KSE) have rolled up sleeves to identify the big local business groups interested in raising funds in equity and debt through international

Published 17 Jun, 2015 12:00am

Panel discussion on Sindh budget

The Alumni of IBA were invited to the IBA City Campus on Monday to witness a panel discussion with leading economists and experts to better understand the implications of the recently announced Sindh Provincial Budget and its effects on the common man and

Published 17 Jun, 2015 12:00am

Upcoming LG elections in Sindh: APC expresses reservations

All Parties Conference (APC), on Tuesday discussed issues and recommendations regarding upcoming Local Government (LG) elections-2015 in Sindh province, organized by Pakistan Muslim League (Nawaz) Sindh . The conference was attended by the representatives

Published 17 Jun, 2015 12:00am

ACCA strengthens partnership with K-Electric

ACCA held a ceremony at K-Electric's Head Office recently to recognise the outstanding finance talent working at K-Electric, a Gold level Approved Employer. From K-Electric's side, the ceremony was attended by Rizwan Dalia (Director Finance and Company Se

Published 17 Jun, 2015 12:00am

Partly Facetious: Accountability must be across the board

"I fully support what our incumbent chief of army staff is doing! In Waziristan, in Kabul, in Karachi..."

Published 17 Jun, 2015 12:00am

Food safety, eating healthy UVAS organises seminar

-The Departments of Meat Science and Technology and Dairy Technology of the University of Veterinary and Animals Sciences (UVAS) in Lahore, the Australia Awards Pakistan and the Australia Awards Alumni Network organised a seminar on 'food safety is Pakist

Published 17 Jun, 2015 12:00am

Budget feedback: suitable proposals to be duly accommodated: Dar

Finance Minister Ishaq Dar Tuesday chaired a meeting of the senior officials of the Ministry of Finance and the Federal Board of Revenue to review various budgetary proposals in the light of the feedback from various stakeholders including the businessmen

Published 17 Jun, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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