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Print - 2016-03-04
Romney lambastes Trump as unfit for presidency

Romney lambastes Trump as unfit for presidency

Republican 2012 White House nominee Mitt Romney excoriated Donald Trump as unfit to be president Thursday, in a brutally personal attack that showed party panic at the billionaire's frontrunner status. Baldly stating that "Donald Trump is a phony, a fraud
Published 04 Mar, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Mar, 2016 12:00am
Dar invited to attend GCI meeting

Dar invited to attend GCI meeting

The US Ambassador to Pakistan, David Hale called on Finance Minister, Senator Ishaq Dar on Thursday and extended him an invitation to attend the Global Connect Initiative (GCI) meeting. The US Envoy on this occasion handed over to the Finance Minister, a
Published 04 Mar, 2016 12:00am
BRIndex30 rises 244.75 points

BRIndex30 rises 244.75 points

On Thursday, BRIndex30 opened at 19,550.32. It touched an intraday high of 19,910.96 and an intraday Low of 19,549.71 and closed at 19,795.07 which was 244.75 points or 1.25 percent higher than previous close. Total volume was 82,189,900, which was 58.79
Published 04 Mar, 2016 12:00am
BRIndex30 rises 244.75 points

BRIndex30 rises 244.75 points

On Thursday, BRIndex30 opened at 19,550.32. It touched an intraday high of 19,910.96 and an intraday Low of 19,549.71 and closed at 19,795.07 which was 244.75 points or 1.25 percent higher than previous close. Total volume was 82,189,900, which was 58.79
Published 04 Mar, 2016 12:00am
Bulls take control

Bulls take control

The share market remained bullish Thursday with the KSE-100 index rallying by 374 more points or 1.18 percent to close at 32,147 points. The benchmark index opened at 31,773 index level of Wednesday and climbed to the session''s high 32,234. "Bullish acti
Published 04 Mar, 2016 12:00am
Bulls take control

Bulls take control

The share market remained bullish Thursday with the KSE-100 index rallying by 374 more points or 1.18 percent to close at 32,147 points. The benchmark index opened at 31,773 index level of Wednesday and climbed to the session's high 32,234. "Bullish activ
Published 04 Mar, 2016 12:00am
Bulls take control

Bulls take control

The share market remained bullish Thursday with the KSE-100 index rallying by 374 more points or 1.18 percent to close at 32,147 points. The benchmark index opened at 31,773 index level of Wednesday and climbed to the session's high 32,234. "Bullish activ
Published 04 Mar, 2016 12:00am
Pathankot attack: FO vexed by India's approach

Pathankot attack: FO vexed by India's approach

Pakistan on Thursday said that it took all necessary measures on the basis of preliminary information provided by New Delhi on the Pathankot attack and a special probing team will shortly visit the terror attack's spot. "Blame game is unfortunate and unhe
Published 04 Mar, 2016 12:00am
Pathankot attack: FO vexed by India's approach

Pathankot attack: FO vexed by India's approach

Pakistan on Thursday said that it took all necessary measures on the basis of preliminary information provided by New Delhi on the Pathankot attack and a special probing team will shortly visit the terror attack's spot. "Blame game is unfortunate and unhe
Published 04 Mar, 2016 12:00am
Financial guarantees: SBP amends Para 1(C) of Prudential Regulations

Financial guarantees: SBP amends Para 1(C) of Prudential Regulations

In order to encourage financing activities in the economy, State Bank of Pakistan (SBP) has decided to include M/s GuarantCo Limited in Para 1(C) of Annexure-I of Prudential Regulations for Corporate/Commercial Banking. According to BPRD Circular Letter N
Published 04 Mar, 2016 12:00am
Financial guarantees: SBP amends Para 1(C) of Prudential Regulations

Financial guarantees: SBP amends Para 1(C) of Prudential Regulations

In order to encourage financing activities in the economy, State Bank of Pakistan (SBP) has decided to include M/s GuarantCo Limited in Para 1(C) of Annexure-I of Prudential Regulations for Corporate/Commercial Banking. According to BPRD Circular Letter N
Published 04 Mar, 2016 12:00am
Financial guarantees: SBP amends Para 1(C) of Prudential Regulations

Financial guarantees: SBP amends Para 1(C) of Prudential Regulations

In order to encourage financing activities in the economy, State Bank of Pakistan (SBP) has decided to include M/s GuarantCo Limited in Para 1(C) of Annexure-I of Prudential Regulations for Corporate/Commercial Banking. According to BPRD Circular Letter N
Published 04 Mar, 2016 12:00am
PSO requires licence for sale of LNG to gas companies

PSO requires licence for sale of LNG to gas companies

Pakistan State Oil (PSO) required a licence for sale of LNG to gas utility companies, according to recommendations of a committee constituted by the Economic Co-ordination Committee (ECC) of the Cabinet. Sources said a secretary-level committee was consti
Published 04 Mar, 2016 12:00am
PSO requires licence for sale of LNG to gas companies

PSO requires licence for sale of LNG to gas companies

Pakistan State Oil (PSO) required a licence for sale of LNG to gas utility companies, according to recommendations of a committee constituted by the Economic Co-ordination Committee (ECC) of the Cabinet. Sources said a secretary-level committee was consti
Published 04 Mar, 2016 12:00am
PSO requires licence for sale of LNG to gas companies

PSO requires licence for sale of LNG to gas companies

Pakistan State Oil (PSO) required a licence for sale of LNG to gas utility companies, according to recommendations of a committee constituted by the Economic Co-ordination Committee (ECC) of the Cabinet. Sources said a secretary-level committee was consti
Published 04 Mar, 2016 12:00am
'Had Altaf committed sin by choosing telephone operator for mayorship?'

'Had Altaf committed sin by choosing telephone operator for mayorship?'

Muttahidda Qaumi Movement (MQM)'s Central Co-ordination Committee in London and Karachi jointly condemned and rejected the allegations levelled by former MQM's men Mustafa Kamal and Anees Qaimkhani against party chief Altaf Hussain. "Altaf Hussain genuine
Published 04 Mar, 2016 12:00am
'Had Altaf committed sin by choosing telephone operator for mayorship?'

'Had Altaf committed sin by choosing telephone operator for mayorship?'

Muttahidda Qaumi Movement (MQM)'s Central Co-ordination Committee in London and Karachi jointly condemned and rejected the allegations levelled by former MQM's men Mustafa Kamal and Anees Qaimkhani against party chief Altaf Hussain. "Altaf Hussain genuine
Published 04 Mar, 2016 12:00am
Ex-Karachi mayor launches party to take on MQM

Ex-Karachi mayor launches party to take on MQM

Former mayor of Karachi Mustafa Kamal on Thursday launched his yet to be named political party, levelling a slew of allegations against Muttahida Qaumi Movement supremo Altaf Hussain. Mustafa Kamal and Anees Qaimkhani, another former MQM leader, returned
Published 04 Mar, 2016 12:00am
Ex-Karachi mayor launches party to take on MQM

Ex-Karachi mayor launches party to take on MQM

Former mayor of Karachi Mustafa Kamal on Thursday launched his yet to be named political party, levelling a slew of allegations against Muttahida Qaumi Movement supremo Altaf Hussain. Mustafa Kamal and Anees Qaimkhani, another former MQM leader, returned
Published 04 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 03, 2016).

Published 04 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 03, 2016).

Published 04 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 03, 2016).

Published 04 Mar, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 03, 2016).

Published 04 Mar, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 03, 2016).
Published 04 Mar, 2016 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (March 03, 2016).

Published 04 Mar, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 04 Mar, 2016 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 04 Mar, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,522 million. The number of lots traded was 20.28 million. PMEX Commodity Index closed at 2,624. Major business was contributed by gold amounting to PKR 4,655 million followed by
Published 04 Mar, 2016 12:00am
US FOB Gulf soyabean premiums flat on limited demand

US FOB Gulf soyabean premiums flat on limited demand

Export premiums for soyabeans shipped from the US Gulf Coast were flat on Tuesday, capped by limited export demand as South American shipments are available at lower prices, traders said. CIF soyabean barge basis values stabilised after sinking to recent
Published 04 Mar, 2016 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Tuesday to the May contract's lowest price in nearly a year, pressured by weak soyoil prices and strength in the Canadian dollar. Funds were modest technical sellers, but the market was underpinned by a slow pace of far
Published 04 Mar, 2016 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose at the weekly auction on Tuesday, snapping a four-week run of falls, due to strong demand for quality leaf amid tight supplies near the end of the season. Bangladeshi tea fetched an average 154.96 taka ($2) per kg at the 42nd
Published 04 Mar, 2016 12:00am
Lean business on grain market
Cotton

Lean business on grain market

A few changes were seen on the wholesale grain market on Thursday in the process of trading, dealers said. On the cereals side Moong Punjab was higher by Rs 250 to Rs 10000, other commodities maintained overnight levels, they said. On the seeds side, cott
Published 04 Mar, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 98,136 tonnes of cargo comprising 84,490 tonnes of import cargo and 13,646 tonnes of export cargo including 3,625 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 84,
Published 04 Mar, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

March vaida sustained overnight levels on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The March vida closed on Wednesday at Rs 2052.40 and it commenced with no variation in the early hours, they said.
Published 04 Mar, 2016 12:00am
Lacklustre business activity
Cotton

Lacklustre business activity

Not a single deal finalised on the cotton market on Thursday as buyers kept on the sidelines due to rising uncertainties among traders, dealers said. The official spot rate was unchanged at Rs 5,200, dealers said. In Sindh, seed cotton prices were at Rs 1
Published 04 Mar, 2016 12:00am
Weak disposition on quiet cotton market
Cotton

Weak disposition on quiet cotton market

Since the past few days, the domestic cotton market has passed through a quiet and mostly inactive phase. Market weakness and many financial and operational difficulties of the Pakistani textile industry, besides the continuing global economic gloom and t
Published 04 Mar, 2016 12:00am
Weak disposition on quiet cotton market
Cotton

Weak disposition on quiet cotton market

Since the past few days, the domestic cotton market has passed through a quiet and mostly inactive phase. Market weakness and many financial and operational difficulties of the Pakistani textile industry, besides the continuing global economic gloom and t
Published 04 Mar, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot basis bids for hard red winter wheat were unchanged at terminals around the southern US Plains on Tuesday. Grain dealers said farmer sales were slow, with prices well below targets that would spark a round of country movement, a Kansas dealer said.
Published 04 Mar, 2016 12:00am
CBOT wheat futures to multi-year lows

CBOT wheat futures to multi-year lows

Wheat futures on the Chicago Board of Trade fell to near six-year lows on Tuesday, pressured by technical buying, strength in the dollar and US condition ratings that were better than a year ago, traders said. CBOT May wheat settled down 7-1/4 cents at $4
Published 04 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Mar, 2016 12:00am
Cotton falls for fourth straight session
Cotton

Cotton falls for fourth straight session

Cotton futures fell for a fourth straight session in light trading volume on Wednesday. "The market is walking sideways ... the speculators are selling the rallies (and) a few commercials buying the lower end of the market," said Georgia-based cotton brok
Published 04 Mar, 2016 12:00am
Shanghai copper jumps
Exchange

Shanghai copper jumps

Shanghai Futures Exchange copper jumped 1.6 percent to 37,000 yuan ($5,654) a tonne on Thursday. ShFE tin rallied 4 percent, as global supplies dwindle following the closure of a major Indonesian smelter. "Copper has been quite strong recently - on the ma
Published 04 Mar, 2016 12:00am
Copper hits highest since November as growth fears recede
Exchange

Copper hits highest since November as growth fears recede

Copper prices hit their highest in more than three months on Thursday, boosted by gains for equities, increased confidence in global growth prospects and a lower dollar. Benchmark copper on the London Metal Exchange ended 1.4 percent higher at $4,856 a to
Published 04 Mar, 2016 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark Tokyo rubber futures rallied for a third day on Thursday, hitting a 5-1/2-week high, buoyed by technical buying and short-covering on the back of strong market momentum reflecting firmer Tokyo equities and a weaker yen, dealers said. The Tokyo C
Published 04 Mar, 2016 12:00am
Palm oil recovers
Vegetable Oil

Palm oil recovers

Malaysian palm oil futures recovered on Thursday after two straight days of declines, tracking competing vegetable oils to end the trading day higher, despite a stronger ringgit. The palm oil contract for May delivery on the Bursa Malaysia Derivatives Exc
Published 04 Mar, 2016 12:00am
Wheat rallies after multi-year lows
Exchange

Wheat rallies after multi-year lows

Chicago Board of Trade wheat futures rallied to close higher on Wednesday as traders covered short positions following the market's drop to its lowest level in nearly six years. Soyabean futures also advanced on bargain buying, halting a six-session slide
Published 04 Mar, 2016 12:00am