The weather report on Saturday (June 17, 2017) and the forecast for Sunday (June 18, 2017).

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 17, 2017).

Karachi Yarn Market Rates on Saturday (June 17, 2017).

Karachi Yarn Market Rates on Saturday (June 17, 2017).

Cotton yarn rates in rupees per 10 Lbs on Saturday (June 17, 2017).

Cotton yarn rates in rupees per 10 Lbs on Saturday (June 17, 2017).

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 17, 2017)

Paper market rates in rupees on Saturday (June 17, 2017).

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 17, 2017).

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 17, 2017).

Karachi Port's world-wide shipping schedule beginning Saturday (June 17, 2017).

Karachi Port's world-wide shipping schedule beginning Saturday (June 17, 2017).

Dollar buying and selling rate in the kerb market in rupees on Saturday (June 17, 2017).

The rupee held present firmness against the dollar on the money market on Saturday in the process of trading, dealers said.The rupee did not move any side in relation to the dollar for buying and selling at Rs 105.90 and Rs 106.10, they said.

The rupee held present firmness against the dollar on the money market on Saturday in the process of trading, dealers said.The rupee did not move any side in relation to the dollar for buying and selling at Rs 105.90 and Rs 106.10, they said.

The following were the cross transactions between client to client & financial institutions here on Saturday (June 17, 2017).

The following transactions member to member subsequently reported on Saturday (June 17, 2017).

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (June 17, 2017).

All timings are in PST (Pakistan Standard Time).

Gasoline refining margins in northwest Europe dropped sharply on Thursday as exports to the United States slowed. ARA gasoline stocks were little changed in the week to Thursday at 890,000 tonne, according to data from Dutch consultancy PJK International.

Chicago Board of Trade soft red winter wheat futures rose 2.9 percent to a 1-1/2-month high on Thursday on concerns that dryness in key growing areas around the globe could cut into supplies, traders said. The latest forecasts called for hot and dry weath

Indonesian coffee discounts stayed flat amid high supply this week, while the Vietnam beans market was quiet despite higher prices, traders said on Thursday. Indonesia's robusta grade 4, 80 defects was quoted at a discount of $30 per tonne to the July con

Export premiums for corn shipped from the US Gulf Coast were steady to firmer on Thursday in tandem with rising CIF barge basis values amid improving demand for July and August shipments, traders said. FOB soyabean basis offers held mostly steady, with de

Chinese rebar steel futures climbed to a two-week high on Thursday after authorities said the world's top producer had achieved 85 percent of its capacity reduction target this year, while rising supply limited gains in raw material iron ore. China said i

Hot and dry weather in most of Europe in recent weeks prompted consultancy Strategie Grains to cut its estimates for most grain crops in the European Union, notably barley, it said on Thursday. The reduced outlook is the latest downward revision in foreca

Asian rice prices rose this week, extending gains from the week before on strong demand from importers including Bangladesh and the Philippines, traders said on Thursday. In Thailand, benchmark 5-percent broken rice was quoted at $450-$457 a tonne, free-o

Lacklustre business activity was witnessed on the cotton market on Saturday as main spinners kept on the sidelines owing to less buying interest, dealers said. The official spot rate was unchanged at Rs 6700, they said. In the ready session, not a single

The International Rubber Consortium (IRCo) will hold an internal meeting of its Committee on Strategic Market Operations this weekend in Indonesia to discuss falling rubber prices. The meeting will take place in Bandung, said a woman who answered the phon

Freight rates for very large crude carriers (VLCCs), which were supported this week by a shift to using older vessels for floating oil storage, have plateaued at current levels but could nudge higher on further storage plays, brokers said on Friday. Rates

Asia's naphtha crack at $58.50 a tonne on Thursday was at its lowest since June 7, while the gasoline crack at $8.40 a barrel was at its lowest in over three months. Trade and industry sources said weakness in the US gasoline market was exerting downward

Chicago soyabean futures slid for a second day on Thursday, while corn edged up after easing in the last session as ample supplies from South America and forecasts of rains in the US grain belt weighed on prices. Wheat edged higher, recouping some of prev

Palm oil on the European vegetable oils market was mostly higher on Thursday on a stronger ringgit and tracking firmer Malaysian palm oil futures on concerns over production. Asking prices for palm oil for June and July were between $5 and $7.50 down on t

US natural gas futures jumped to a two-week high on Thursday following a report showing a smaller-than-expected storage build and forecasts for above-normal heat through late June. The US Energy Information Administration (EIA) said utilities added 78 bil

Brazilian farmers are resorting to plastic silo bags as they seek a quick-fix, low-cost solution to store grains amid bumper crops of soyabeans and corn and low prices. This season an unprecedented volume of grains will be stored in such 180-tonne (400,00

European wheat prices rose on Thursday on signs that dry weather in Western Europe had hurt crops and concerns that the lasting hot spell could cause further damage, traders said. December milling wheat on Paris-based Euronext, was 0.7 percent higher by 1

This is the time of year when traders hinge their bets on every single weather model run for the US Corn Belt, and the past week has been no exception. But even with the seemingly back-and-forth weather models, large global supplies may keep the lid on an

Zimbabwe has banned grain imports to protect local farmers after producing enough to meet domestic demand, a government minister said on Tuesday, just a year after a devastating drought left more than 4 million people in need of food aid. The southern Afr

Harvesting of Argentina's biggest corn crop ever has been slowed by rains across the Pampas grains belt, pushing export schedules past August and increasing the competition against massive expected output from Brazil and the United States. What is shaping

The world sugar market is on course for a surplus of 3.5 million tonnes in the 2017/18 season, commodity trade house Sucres and Denrees (Sucden) said in a quarterly report on Wednesday. The sugar trader pointed to higher output in the European Union, Indi

China's coal production rose 12 percent in May from a year ago, its fastest pace of growth in years, as miners ramped up output ahead of an expected summer pick-up in demand, official data showed on Wednesday. Coal output rose to 297.8 million tonnes in M

ICE cotton futures on Friday fell to their lowest in about six months as speculators liquidated after the natural fibre broke below a psychological level amid options expiry. Cotton contracts for December settled down 0.11 cent, or 0.16 percent, at 69.36

A re-emergence of swollen shoot disease in Ghana has affected at least 17 percent of cocoa trees, further threatening output in the world's second largest producing country where nearly a quarter of farms are moribund, industry regulator Cocobod said on T

The US Agriculture Department's monthly crop reports, which have traditionally provided huge shocks to the market, have been met by a shrug in 2017, with price moves and volume muted by the massive supply of grains. Price swings for corn, soybeans and whe

Venezuelan state-run oil company PDVSA is moving millions of barrels of oil from a Bahamas storage facility after terminating a contract with the owner, US Buckeye Partners LP, according to internal data and sources close to the decision. Buckeye and PDVS

Egyptian farmers have produced between 8 and 9 million tonnes of wheat this season and sold 3.6 million of them to the government, an Agriculture Ministry spokesman said on Saturday. The local procurement season runs until July and the government has said

An Egyptian court on Tuesday suspended a food inspection system launched to reform the trade in agricultural commodities, lawyers on the case told Reuters, sowing uncertainty again over imports of wheat in the world's largest buyer of the grain. The inspe

India's central bank has initiated "prompt corrective action" for state-run Bank of Maharashtra Ltd because of its high level of bad loans, the lender said in a stock exchange filing on Saturday. The mid-sized institution is the fifth state-run lender to

British insurer Aviva plans to launch a new product to cover small and medium-sized businesses against cyber attacks later this year as part of an expansion of its specialist insurance division, its chief executive for UK insurance said. Aviva, which made

The economies of Bosnia and Montenegro could grow by around 3 percent this year and next if authorities pursue the structural and fiscal reforms they have respectively pledged to take, the World Bank manager for the two countries said on Friday. Both coun

State-owned Qatargas said on Saturday it had signed an agreement with Shell for the delivery of up to 1.1 million tonnes of liquefied natural gas (LNG) per year for five years. The agreement will start in January 2019 and will be for the supply of LNG fro

The Federal Reserve will give banks more details on how it conducts annual stress tests, including the qualitative part of the tests, when it publishes the results later this month, Chair Janet Yellen said Friday in a letter to Congress. The Federal Reser

Swiss banks UBS and Credit Suisse have been told by the central bank that they still need to draft credible plans for potential insolvency as part of the country's efforts to prepare for a banking crisis. After the financial crisis in which UBS suffered b

Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Saturday. "Iran and Total are summing up the discussions on signing the contract for the developmen

Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation's long housing boom, credit experts and real estate analysts said. The central bank this week switched to a hawkis

China Aircraft Leasing Group Holdings (CALC) is among the inaugural customers for a larger new version of Boeing's 737 jetliner, two industry sources said on Saturday. The Boeing 737 MAX 10 will be launched at the Paris Airshow on Monday with the backing

The aircraft industry descends on Paris Monday for the world's biggest airshow, a prime battleground for bitter rivals Boeing and Airbus, but also a chance for new kids on the block to snap at the heels of the two giants. Single-aisle planes for short and

Military helicopters to carry troops, others to carry bombs and giant cargo planes to carry food: welcome to shattered South Sudan's Juba airport. A handful of commercial airliners are also visible not far from the terminal, but they are heavily outnumber

Japan's Takata Corp, facing bankruptcy over the biggest recall in automotive history, would stop making air-bag inflators after completing a global recall, under a restructuring plan under consideration by its steering committee, sources told Reuters on F

The German government is sticking to its growth outlook for Europe's biggest economy despite solid economic data and upbeat sentiment indicators, Economy Minister Brigitte Zypries said in a Reuters interview on Friday. Germany's central bank and leading e

Employees of troubled construction company Saudi Oger will be moved to other firms, the Saudi labour ministry said, amid unconfirmed reports that workers there will be laid off from July 31. The ministry said there were 1,200 Saudis among a total of aroun

Singapore's exports shrank for a second straight month in May, though electronics shipments continued to grow solidly to support an economy that wobbled in the first quarter and faces risks from deleveraging in major trading partner China. Non-oil domesti

Italy on Friday approved an emergency decree that will stop Veneto Banca from having to repay 86 million euros of subordinated bonds due to mature next week. The suspension gives the government more time to try to reach an agreement over a bailout of Vene

Italy on Friday approved an emergency decree that will stop Veneto Banca from having to repay 86 million euros of subordinated bonds due to mature next week. The suspension gives the government more time to try to reach an agreement over a bailout of Vene

Saudi Arabia's Sedco Capital said on Thursday it has launched an investment strategy combining environment-conscious and sharia-compliant principles, as Islamic financial firms gradually embrace socially responsible investing. The move by Jeddah-based Sed

Tata Sons Ltd, the holding company of India's salt-to-software Tata conglomerate, plans to buy out Tata Steel Ltd's stake in Tata Motors Ltd on or after June 23, it said in a regulatory filing on Saturday. Tata Sons will buy about 83.6 million shares in T

Tata Sons Ltd, the holding company of India's salt-to-software Tata conglomerate, plans to buy out Tata Steel Ltd's stake in Tata Motors Ltd on or after June 23, it said in a regulatory filing on Saturday. Tata Sons will buy about 83.6 million shares in T

A consortium led by global steel giant ArcelorMittal said Friday the Italian authorities had cleared it to buy struggling steel producer Ilva, but thousands of jobs are threatened. The 1.8-billion euro ($1.9-billion) deal will see ArcelorMittal join force

Japan's latest super-deluxe train left the station Saturday with a select group of passengers who paid thousands of dollars for a leisurely trip harking back to an era of Art Deco opulence and a slower pace of life. The Twilight Express Mizukaze departed

Perpetual bond sales from Asia's corporate sector surged to an annual record last week, as investors' hunger for yield showed no sign of easing. With more than half the year still to go, US dollar offerings from non-financial issuers this year have reache

Perpetual bond sales from Asia's corporate sector surged to an annual record last week, as investors' hunger for yield showed no sign of easing. With more than half the year still to go, US dollar offerings from non-financial issuers this year have reache

China's securities regulator has tightened registration rules for Hong Kong-focused mutual funds, requiring equity funds with "Hong Kong" in their names to invest at least 80 percent of their non-cash assets in the Chinese territory's stocks. The guidelin

Canada's benchmark stock index rose on Friday as energy shares rebounded with oil prices, offsetting losses for consumer staple companies on news that internet retailer Amazon.com Inc was buying Whole Foods Market Inc. The energy group, which hit its lowe

It seemed the slam-dunk emerging markets trade of the year - an economy starting to grow after a two-year funk, rising oil prices, and above all, a friendlier White House that was expected to lift punitive curbs on investment and fundraising. But emerging

French telecom firm Altice, led by billionaire Patrick Drahi, said Monday that it had launched an initial public offering (IPO) on the New York Stock Exchange for its Altice USA subsidiary. Some 46.5 million Altice USA shares are on offer, and the IPO pri

US Treasury yields edged lower on Friday, with all maturities posting weekly declines, after weaker-than-expected US housing data fuelled doubts that the Federal Reserve will be able to raise interest rates again this year. US housing starts dropped 5.5 p

US Treasury yields edged lower on Friday, with all maturities posting weekly declines, after weaker-than-expected US housing data fuelled doubts that the Federal Reserve will be able to raise interest rates again this year. US housing starts dropped 5.5 p

Nigeria will start an international road show next week for the sale of a diaspora bond and has named Bank of America Merrill Lynch and Standard Bank of South Africa as joint lead managers, its debt management office said on Thursday. Africa's biggest eco

Nigeria will start an international road show next week for the sale of a diaspora bond and has named Bank of America Merrill Lynch and Standard Bank of South Africa as joint lead managers, its debt management office said on Thursday. Africa's biggest eco

Saudi Aramco's planned 2018 public share offering is being slowed down by a divide between Saudi Arabia's ruling family and executives of the kingdom's state oil company over where to list its shares, the Wall Street Journal reported on Wednesday. Aramco,

Saudi Aramco's planned 2018 public share offering is being slowed down by a divide between Saudi Arabia's ruling family and executives of the kingdom's state oil company over where to list its shares, the Wall Street Journal reported on Wednesday. Aramco,

Bahrain's sovereign wealth fund Mumtalakat hopes to take part in the initial public offering (IPO) of shares in Saudi state oil giant Aramco, the fund's CEO told Reuters, predicting additional opportunities from the kingdom's reform programme.

Bahrain's sovereign wealth fund Mumtalakat hopes to take part in the initial public offering (IPO) of shares in Saudi state oil giant Aramco, the fund's CEO told Reuters, predicting additional opportunities from the kingdom's reform programme.

Allied Irish Banks (AIB) plans to raise up to 3.3 billion euros ($3.7 billion) when it sells a 25 percent stake on the Dublin and London stock markets in the biggest test yet of investor appetite for Irish banks. The initial public offering (IPO) is set t

Major US stock indexes ended little changed on Friday even as Amazon.com's $13.7 billion deal to buy upscale grocer Whole Foods roiled the retail sector and rocked shares of an array of companies including Wal-Mart and Target. Energy sector shares helped

Nigeria's naira could strengthen against the dollar in the coming week as offshore investors pile into local stocks, while Kenya's shilling is expected to be stable.

Bitcoin fell to a three-week low on Thursday as investors took profits partly in response to a bearish report from Goldman Sachs as well as concerns about a Chinese bitcoin miner's plan to undertake a "hard fork" that will result in a split in the digital

The Canadian dollar firmed on Friday to finish its strongest week against its US counterpart in 18 months, helped by an uptick in oil prices, which added support after signals from the Bank of Canada that higher interest rates lie ahead. The gap between C

Qatar could defend its currency for years in the face of economic sanctions by other Gulf states, the country's balance sheet suggests, so the riyal's peg to the US dollar is unlikely to fall victim to the region's diplomatic crisis. The decision by Saudi

The dollar fell broadly on Friday after weaker-than-forecast data on housing and consumer sentiment cast a risk-off sentiment over US assets. The greenback gave back most of the previous day's gains, easing toward levels from earlier this week that were t

Speculators slashed net long positions on the US dollar in the latest week to their lowest level since last August, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long p

Thailand's strong baht currency, now hovering near two-year highs against the dollar, has not hit tourism and has had only limited impact on exports, a Bank of Thailand official said on Friday. The baht is still moving in line with Thailand's economic fun

Investors raised their Chinese yuan bullish bets from two weeks ago to the largest since late 2014, a Reuters poll showed on Thursday, after Chinese authorities began tightening control of the currency in recent weeks to guard against outflow risk. Sentim

Last week's shocking British election result and the period of political uncertainty that looks set to follow may have come at the worst of times for the country's economy and the value of the pound sterling. Until 10 pm London time last Thursday, Prime M

World number one Andy Murray will start the build-up to his Wimbledon title defence with a Queen's Club first round clash against Aljaz Bedene. Murray heads into the grass-court campaign back in form after his run to the French Open semi-finals ended a fr

Penalty goals for handling the ball on the line could be a thing of the future if proposals compiled by the International Football Association Board's (IFAB) technical director are accepted. The proposals in a document titled 'Play Fair' - which also incl

Canada's Milos Raonic says he is in great shape mentally thanks to the clay court season as he prepares to try and go one better than last year at the grass court tournaments of Queen's and Wimbledon. The 26-year-old big serving Canadian, runner-up to Bri

Australia's Nick Kyrgios claims he is back to his best in time to make an impact at Wimbledon because he is no longer hampered by injuries and homesickness. Kyrgios, the world number 20, has suffered a frustrating season marred by hip and shoulder problem

Top seed Johanna Konta reached the final of the Nottingham grass court tournament on Saturday with a 6-2 7-5 win over Slovakia's Magdalena Rybarikova. On Sunday the British number one will play either Lucie Safarova of the Czech Republic or Croatian Donna

India captain Virat Kohli leads his team into Sunday's Champions Trophy final against bitter rivals Pakistan with South African star AB de Villiers labelling him "the outstanding cricketer in the world". Kohli, 28, moved to the top of the One Day Internat

Hosts Russia got off to a winning start at the Confederations Cup on Saturday, Fedor Smolov's second-half goal sealing a 2-0 win over New Zealand in Saint Petersburg in the tournament opener. Russia went ahead in the first half of the Group A encounter th