News Archives for Print - 2019-03-08

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 08 Mar, 2019 12:00am

Currency

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 08 Mar, 2019 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 08 Mar, 2019 12:00am

Most Gulf markets fall, Egypt lifted by blue-chips

Most major Gulf markets slipped sharply on Thursday, with a possible increase to Islamic tax pulling down Saudi Arabia's banks and Qatar hitting a five-month low. Saudi Arabia's index was down 0.6 percent due to a sell-off in its bank stocks, with Al Rajh

Published 08 Mar, 2019 12:00am

Thursday's early trade: fourth day of losses

Wall Street fell for the fourth straight session on Thursday, weighed down by financial and technology stocks, as investors were spooked by the European Central Bank's (ECB) return to pump-priming loans to stimulate a struggling euro zone economy. The ECB

Published 08 Mar, 2019 12:00am

Wall Street sinks for third day as healthcare, energy slump

Wall Street's main indexes fell for a third session on Wednesday, with the S&P 500 posting its biggest one-day decline in a month, as healthcare and energy shares slumped and investors sought reasons to buy after the market's strong rally to start the yea

Published 08 Mar, 2019 12:00am

Tokyo stocks fall

Tokyo stocks fell for a third consecutive session on Thursday, as investors fret about the outlook for the global economy. The benchmark Nikkei 225 index lost 0.65 percent, or 140.80 points, to close at 21,456.01 while the broader Topix index was down 0.8

Published 08 Mar, 2019 12:00am

Treasury yields retreat

US Treasury yields retreated on Wednesday as stocks weakened and remarks from New York Federal Reserve President John Williams about the persistence of low inflation further curtailed expectations of interest rate hikes in the near future.

Published 08 Mar, 2019 12:00am

Treasury yields retreat

Published 08 Mar, 2019 12:00am

Australian, New Zealand shares up

Australian shares advanced on Thursday as hopes for a central bank rate cut boosted consumer and financial stocks, but gains were capped by a weak mining sector after index majors began trading ex-dividend. The S&P/ASX 200 index rose 0.3 percent, or 18.3

Published 08 Mar, 2019 12:00am

MSCI deletes Shenzhen stock from indexes

Global index provider MSCI said it would remove Han's Laser Technology from its China indexes and slash the weighting of Midea Group Co, citing issues triggered by foreign ownership ceilings. MSCI's statement on Thursday came a day after Chinese regulator

Published 08 Mar, 2019 12:00am

China blue-chips snap four days of gains

Chinese blue-chips fell on Thursday after four straight sessions of gains while Shanghai shares closed slightly higher in a volatile session of trade, after the finance minister reiterated that China would not seek to flood a slowing economy with stimulus

Published 08 Mar, 2019 12:00am

European shares pull back before ECB meeting

European shares retreated further from five-month highs on Thursday before a European Central Bank meeting that is expected to slash growth forecasts and hint at a new round of ultra-cheap loans for euro zone banks. The pan-European STOXX 600 index was do

Published 08 Mar, 2019 12:00am

Indian shares up

Indian shares ended higher on Thursday, with sentiment lifted by a strong rupee, amid hopes of a second term for the current government in the next elections. The benchmark BSE index closed up 0.24 percent at 36,725.42, while the broader NSE index ended 0

Published 08 Mar, 2019 12:00am

Southeast Asian stocks: Philippines extends gains

Philippine shares closed higher for a second straight session on Thursday, helped by financials, while most other Southeast Asian stock markets clung to a tight trading range ahead of China trade data and amid persistent global growth concerns. The benchm

Published 08 Mar, 2019 12:00am

Weak results, ex-dividend trading hit UK's main index

Britain's FTSE 100 dipped after rising for four days as several blue-chip stocks traded ex-dividend, while NMC Health plus insurers Aviva and Admiral slipped after earnings reports, but Melrose gained after its adjusted profit nearly tripled. The FTSE 100

Published 08 Mar, 2019 12:00am

'Nearly a third' of British billionaires moved to tax havens

Nearly a third of Britain's billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday. The Times newspaper published a series of reports detailing

Published 08 Mar, 2019 12:00am

Two million elderly Americans swindled in 12 months

The US Justice Department said Thursday some two million elderly Americans have been deprived of $750 million in various rackets over the last year, including fake technical support scams conducted from Indian call centers.

Published 08 Mar, 2019 12:00am

Amazon to expand real-world store presence

Amazon on Wednesday unveiled plans to open more bookstores and "4-star" shops selling only the best-rated products - while closing its smaller "pop-up" kiosks in the US.

Published 08 Mar, 2019 12:00am

Russia's MTS to pay $850 million in US corruption case

Russia's leading telecoms firm said Thursday it had agreed to pay $850 million to settle a US corruption case over huge bribes paid to the family of Uzbekistan's former president.

Published 08 Mar, 2019 12:00am

China right to aim to boost consumption: IMF

China is right to aim its stimulus policies at boosting domestic consumption since that will produce better quality economic growth, the International Monetary Fund said Thursday. Beijing this week announced it had lowered its 2019 growth target to 6.0-6.

Published 08 Mar, 2019 12:00am

Calvin Klein abandons runway division

American fashion label Calvin Klein announced Wednesday it is closing its high-end runway division as part of a restructuring by parent company PVH.

Published 08 Mar, 2019 12:00am

US jobless claims fall; productivity improves

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to strong labour market conditions despite signs that job growth was slowing.

Published 08 Mar, 2019 12:00am

Huawei sues US over federal ban on its products

Tech giant Huawei on Thursday opened a legal front in its counter-offensive against US warnings that it could aid Chinese intelligence services, filing suit to overturn a US law that bars federal agencies from buying its products.

Published 08 Mar, 2019 12:00am

Lehmann makes coaching comeback

Darren Lehmann was named coach of the Big Bash League's Brisbane Heat Thursday, his first cricket role since quitting the Australian team over thhe sandpaper cheating scandal Lehmann said returning to the Heat, the team he steered to a Big Bash title in 2

Published 08 Mar, 2019 12:00am

Telles penalty edges Porto past Roma in extra time

Alex Telles converted a VAR-awarded penalty deep into extra time as Porto defeated Roma 3-1 on Wednesday to reach the Champions League quarter-finals following a 4-3 win on aggregate. Francisco Soares nudged Porto ahead with a simple tap-in on 26 minutes,

Published 08 Mar, 2019 12:00am

Federer shies away from Superman tag

Roger Federer is still savoring his latest remarkable milestone, but the Swiss great says his 100th career title isn't a sign he's super-human. "The problem is, people always elevate the superstar athlete to like Superman status like we're super-human and

Published 08 Mar, 2019 12:00am

FIFA register $700 million extra revenue in latest filings

FIFA have posted a better than expected $6.4 billion (5.65 billion euros) turnover for the financial period of 2015-2018 allowing for $2.74bn in back-up, a source told AFP on Wednesday. FIFA announced a revenue of $5.72bn for the previous cycle between 20

Published 08 Mar, 2019 12:00am

British sprint Olympic medallist retires

Britain's Callum Skinner, a team sprint Olympic gold medallist, has retired at 26 due to health reasons and will now throw his efforts into promoting athletes' rights. "I am calling time on my elite cycling career," Skinner said to general surprise on Thu

Published 08 Mar, 2019 12:00am

Messi back for Argentina after eight month absence

Lionel Messi was named in the Argentina squad Thursday for the first time since the World Cup, ending a self-imposed eight month exile. Interim coach Lionel Scaloni named the five-time World Player of the Year in his squad for the friendlies against Venez

Published 08 Mar, 2019 12:00am

Green excited to visit Karachi for HBL PSL matches

Young Australia off-spinner Chris Green is excited to visit Karachi for the last leg of the HBL Pakistan Super League resuming from March 9 (Saturday) as the league shifts to Pakistan after the first 26 matches were held in the United Arab Emirates. The 2

Published 08 Mar, 2019 12:00am

Badminton: China's Lin Dan dumped out of All England Open

Chinese badminton superstar Lin Dan crashed out of the All England Open in the first round, losing to Japan's Kanta Tsuneyama. Lin, a six-time winner of the tournament who is now ranked 12th in the world, fell to a 19-21, 21-14, 21-7 defeat in Birmingham

Published 08 Mar, 2019 12:00am

Ufone Balochistan Football Cup kicks off

Pakistani cellular company Ufone has announced that the third edition of the Ufone Balochistan Football Cup, which will commence today (March 07) from Noshki The tournament aims to promote Balochistan's favourite sport and provide a platform to young foot

Published 08 Mar, 2019 12:00am

Ruthless New Zealand look to win Test 'whatever way possible'

New Zealand have pledged a win-at-all-costs approach to the second Test against Bangladesh, starting in Wellington on Friday, as they look to wrap up the series with a game to spare. The wicket is green and tailor-made for the early seamers, with New Zeal

Published 08 Mar, 2019 12:00am

Currency

Zimbabwe denies new currency rate being fixed

The head of Zimbabwe's central bank denied on Thursday that it had fixed the exchange rate of the country's new transitional currency, whose value it said it would let the market decide. Zimbabwe ditched a discredited 1:1 dollar peg for its dollar-surroga

Published 08 Mar, 2019 12:00am

Currency

Major currencies trap in tight ranges in Asia

Major currencies mostly stuck to tight ranges on Thursday as traders focused their attention on the European Central Bank's (ECB) policy review later in the day, while the Australian and Canadian dollars struggled near two-month lows. The yen and the Swis

Published 08 Mar, 2019 12:00am

Currency

Euro dips in Europe after ECB meeting

The euro dipped below $1.13 on Thursday after the European Central Bank postponed the timing of its first post-crisis rate hike to 2020 at the earliest and launched a new round of cheap loans to banks. The decision to tweak the bank's forward guidance on

Published 08 Mar, 2019 12:00am

Currency

Canadian, Aussie dollars fall in New York

The Canadian and Australian dollar sank to two-month lows on Wednesday as traders scaled back holdings on expectations policy-makers would leave interest rates alone in the foreseeable future or even lower them to counter their softening economies. The Ba

Published 08 Mar, 2019 12:00am

Aussie, kiwi in a sweat

The Australian dollar was hanging on grimly on Thursday as disappointing retail sales added to already feverish speculation about rate cuts, driving hefty gains for bonds and debt futures. The Aussie dollar touched a two-month low at $0.7020 at one stage

Published 08 Mar, 2019 12:00am

Currency

Asian forex: Indian rupee and peso lead gains

Most Asian currencies rose on Thursday as investors awaited new catalysts after pricing in policy and geopolitical cues over the week, with the rupee at its firmest since the start of the year. Amid headlines from China's annual parliamentary meeting and

Published 08 Mar, 2019 12:00am

Currency

Lira weakens

The Turkish lira weakened against the dollar on Thursday, extending losses on concern about political tensions with the United States over Ankara's procurement of Russian missile defence systems. The lira weakened as far as 5.4559 against the dollar and s

Published 08 Mar, 2019 12:00am

Currency

Sterling falls to day's low on Brexit impasse

Sterling fell to the day's lows on Thursday, moving further away from an eight-month high hit last week, after British and European Union sources said Brexit negotiations have hit an impasse. Nothing at the moment suggests anything will change in Britain'

Published 08 Mar, 2019 12:00am

CBOT wheat futures fall

Chicago Board of Trade wheat futures fell nearly 3 percent on Wednesday on technical selling and sluggish export demand for US supplies, coupled with improving prospects for a sizable global harvest later this year. CBOT May soft red winter wheat settled

Published 08 Mar, 2019 12:00am

CBOT soyabean futures decline

Chicago Board of Trade soyabean futures declined on Wednesday for a second straight session on uncertainty about prospects for a US trade deal with China, the world's largest soyabean importer, traders said. There have been no signs of fresh export activi

Published 08 Mar, 2019 12:00am

Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,684. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.966 billion and the number of lots traded 12,080.

Published 08 Mar, 2019 12:00am

EU wheat futures fall to 7-1/2-month low

Euronext wheat futures fell on Wednesday to close to last week's 7-1/2 month low as Chicago prices resumed their recent slide. Benchmark May milling wheat on Paris-based Euronext settled 0.75 euro, or 0.4 percent, lower at 186.75 euros ($211) a tonne, not

Published 08 Mar, 2019 12:00am

China's iron ore futures fall as anti-smog measures weigh

Prices of China's steel-making raw materials dropped on Wednesday after the top steelmaking city of Tangshan maintained the highest smog alert amid unfavourable weather conditions, while the government vowed to extend its anti-smog measures. The level 1 a

Published 08 Mar, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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