News Archives for Print - 2019-05-28

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 28 May, 2019 12:00am

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 28 May, 2019 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 May, 2019 12:00am

Currency

Indian rice prices recover; harvest boosts Vietnamese stocks

A stronger rupee helped lift rice export prices in top exporter India from a near seven-month low this week, while rates for the Vietnamese variety slipped as the harvest in the Mekong Delta gathered steam. India's 5 percent broken parboiled variety was q

Published 28 May, 2019 12:00am

Canadian canola futures rise

ICE Canada canola futures rose on Friday, following a rally in the US soyabean market. But canola prices closed below their session highs as the most-active July contract once again struggled to hold support above the 30-day moving average. July canola ha

Published 28 May, 2019 12:00am

CBOT corn surges on planting delays

Chicago Board of Trade (CBOT) corn futures rallied nearly 4 percent on Friday to a one-year high as waterlogged fields and forecasts for more rain across the US Midwest increased concerns that more of the crop may go unplanted this year. CBOT July corn en

Published 28 May, 2019 12:00am

Brazil approves new soya seed that resists drought

Brazil's bio-security agency CTNBio has approved a new soyabean seed that combines technologies to make it resistant to drought and two widely used herbicides, according to a statement on Friday from the companies that created the product. Completion of t

Published 28 May, 2019 12:00am

Chinese steel futures edge down on oversupply

Chinese steel futures edged down on Friday due to worries about oversupply amid an increase in utilisation rates at mills but they still posted a weekly gain, while iron ore held just below a record high. Steelmakers in China have been ramping up output t

Published 28 May, 2019 12:00am

Bangladesh doubles rice import duty to boost local farmers

Bangladesh has raised import duty on rice to 55% from 28% to support its farmers, officials said on Thursday, amid widespread protests over a drastic fall in domestic prices. The new tax rates, that came into effect on Wednesday, would further curb rice i

Published 28 May, 2019 12:00am

Indian gold prices flip to premiums on firmer demand

Gold prices in India flipped into premiums this week on firmer demand in the domestic market, while buyers in top consumer China took advantage of weaker bullion prices and stepped up purchases. In India, dealers charged a premium of about $1 an ounce ove

Published 28 May, 2019 12:00am

Cotton

Cotton market: seed cotton arrivals from lower Sindh begins

Not a single deal reported on the cotton market on Monday due to lack of buying interest by mill, dealers said. The official spot rate was unchanged at Rs 8700, they added. The seed-cotton per 40kg from Lower Sindh was available at Rs 3800-4000, they said

Published 28 May, 2019 12:00am

Exchange

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,861.

Published 28 May, 2019 12:00am

India's April crude oil imports up

India imported about 7% more oil in April compared with the same month last year, according to preliminary tanker arrival data obtained from shipping and industry sources.

Published 28 May, 2019 12:00am

Asia's naphtha falls on stubborn glut

Asia's naphtha crack fell for the fifth straight session on Friday to reach a 6-1/2 month low of $13.18 a tonne, a discount of steeper than $9 a barrel to Brent oil, on the back of a stubborn glut.

Published 28 May, 2019 12:00am

Morocco to reintroduce customs duty on soft wheat imports

The Moroccan government is expected to reintroduce a customs duty on soft wheat imports to promote sales from the local harvest which has been hit by a lack of rainfall, the president of the National Millers Federation said on Wednesday.

Published 28 May, 2019 12:00am

China's April diesel exports surge

China's diesel exports in April surged 43% from a year earlier, customs data showed on Thursday, while kerosene shipments also rallied as new oil refineries came on stream amid a build-up of domestic supply.

Published 28 May, 2019 12:00am

Exchange

Euronext wheat futures rise on US forecasts more rain

Euronext wheat futures rose on Friday, tracking a renewed rally in Chicago where forecasts of more rain in US grain belts fuelled crop concerns ahead of a holiday weekend.

Published 28 May, 2019 12:00am

Activities at Karachi and Qasim port

The Karachi Port handled 186,768 tonnes of cargo comprising 115,889 tonnes of import cargo and 70,789 tonnes of export cargo including 1,630 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.

Published 28 May, 2019 12:00am

Vegetable Oil

Indonesia's April palm oil output likely to rise

Indonesia's palm output in April likely rose from a month earlier, while exports edged lower, according to a Reuters survey of industry participants and observers.

Published 28 May, 2019 12:00am

CBOT wheat rallies on technical buying

Chicago Board of Trade (CBOT) wheat futures rallied more than 4% on Friday in short-covering and technical buying amid concerns about rain-damaged winter crops and stalled spring wheat seeding due to rains. CBOT July soft red winter wheat settled 19-1/4 c

Published 28 May, 2019 12:00am

Some Vietnamese farmers keen on growing avocado on low coffee prices HANOI: Persistently low domestic coffee prices in Vietnam have prompted some local growers to switch to other crops, including avocado and durian, traders said on Thursday.

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Published 28 May, 2019 12:00am

Exchange

Material, healthcare stocks pull TSX higher

Canada's main stock index rose on Monday boosted by the healthcare sector and material stocks as gold prices hit a more than one-week peak and US-China trade tensions curbed risk appetite.

Published 28 May, 2019 12:00am

EU elections drive Spanish, Portuguese yields to record lows

Spanish and Portuguese bond yields hit record lows on Monday after European parliamentary elections showed pro-EU parties retained a strong majority, bolstering investor sentiment.

Published 28 May, 2019 12:00am

EU elections drive Spanish, Portuguese yields to record lows

Spanish and Portuguese bond yields hit record lows on Monday after European parliamentary elections showed pro-EU parties retained a strong majority, bolstering investor sentiment.

Published 28 May, 2019 12:00am

Hong Kong stocks ease

Hong Kong stocks eased on Monday, as investors stayed on the sidelines awaiting hints of further policy support to offset impacts of US-China trade war and cooling domestic demand, amid worries about the economy.

Published 28 May, 2019 12:00am

Nikkei edges up

Japanese stocks edged higher on Monday, when volume was low with US markets closed, as investors awaited details from trade talks between the leaders of Japan and United States.

Published 28 May, 2019 12:00am

Exchange

China stocks rise on policy support expectations

The Chinese stock market climbed on Monday, rebounding from its three-month lows, as investors expected greater policy support to offset impact from US tariffs and cooling domestic demand.

Published 28 May, 2019 12:00am

Latam stocks down, Brazil shares up

While most Latin American stocks weakened on Monday, Brazil shares rose sharply after a pro-government march mounted pressure on Congress to pass reforms seen as crucial to the economy.

Published 28 May, 2019 12:00am

Most Southeast Asian markets up; Philippines slips

Most Southeast Asian stock markets closed higher on Monday with Indonesia rising to a two-week high amid easing political worries, but investors remained attentive to developments in

Published 28 May, 2019 12:00am

NY, London markets closed

Stocks, financial and commodity markets in New York and London were closed on Monday due to Memorial Day holiday. Markets will resume normal trading on Tuesday.

Published 28 May, 2019 12:00am

Indian shares clock record closing highs, Tata Steel top gainer

Indian shares closed at record highs on Monday, buoyed by gains in metal stocks, with Tata Steel Ltd posting its best day in a month.

Published 28 May, 2019 12:00am

Australian shares flat, New Zealand down

Australian shares ended flat on Monday as weakness in banks was offset by gains in mining stocks, with global miner Rio Tinto ending at its best level in over a decade.

Published 28 May, 2019 12:00am

Exchange

Qatar, Saudi bourses rise on financials

Qatar and Saudi Arabia's stock markets rose on Monday, helped by financial companies, while Dubai's was pressured by the real estate sector.

Published 28 May, 2019 12:00am

South Korean stocks extend declines

South Korea's KOSPI stock index ended lower for a third straight session on Monday amid an absence of market-moving news and over worries the China-US trade spat was turning into a technology cold war. The won and the benchmark bond yield rose.

Published 28 May, 2019 12:00am

European shares rise, Athens stocks jump on snap election

European shares rose on Monday, led by car-makers after Fiat Chrysler and Renault confirmed they were in talks to merge, while broader trading was mainly driven by regional politics.

Published 28 May, 2019 12:00am

Exchange

Nasdaq withdraws offer to acquire Oslo stock exchange

US stock market operator Nasdaq said Monday it was withdrawing its offer of nearly 700 million euros ($784 million) to acquire the Oslo Stock Exchange, clearing the way for its European competitor Euronext. After months of battling for the control of one

Published 28 May, 2019 12:00am

Exchange

Nigeria's president signs ambitious 2019 budget

Nigerian President Muhammadu Buhari signed an ambitious budget into law Monday, days ahead of the official start of his second term leading Africa's largest oil producer. Buhari approved the spending plan worth 8.92 trillion naira - about $29 billion base

Published 28 May, 2019 12:00am

Exchange

FX collusion scandal reaches Australia, class action launched

An Australian law firm filed a class action lawsuit on Monday against five major international investment banks accusing them of colluding to rig foreign exchange rates during 2008-2013 to jack up profits at the expense of businesses and investors.

Published 28 May, 2019 12:00am

China's industrial profits shrink, add to pressure on economy

Profits for China's industrial firms shrank in April as slowing manufacturing activity halted the previous month's surge, putting more pressure on policymakers to step up support for an economy hit by a bitter trade war with the United States. Earnings at

Published 28 May, 2019 12:00am

India's economy big worry for Modi, needs stimulus

India's slowing economic growth is of serious concern and the country needs to urgently cut tax and interest rates to revive the economy, a top industrial body said on Monday ahead of the inauguration of Prime Minister Narendra Modi's second term.

Published 28 May, 2019 12:00am

Shell reports discovery of Albanian oil deposit

Anglo-Dutch oil giant Shell said on Monday it had made "a significant light oil discovery" in Shpirag, a mountain region some 120 kilometres (72 miles) from the Albanian capital Tirana as earlier tests bore fruit. "We are pleased that these initial tests

Published 28 May, 2019 12:00am

Germany to order banks to boost recession buffers

German banks will for the first time be required to bolster capital buffers designed to prevent a credit crunch in case of recession, authorities said Monday. "Financial stability risks have been built up during the long period of economic upswing and low

Published 28 May, 2019 12:00am

Exchange

Japan to limit foreign ownership of firms in its IT, telecom sectors

Japan's government said on Monday that high-tech industries will be added to a list of businesses for which foreign ownership of Japanese firms is restricted. The new rule, effective Aug. 1, comes amid heightening pressure from the United States in dealin

Published 28 May, 2019 12:00am

Roy completes England warm-up rout of Afghanistan

Jason Roy sealed an England thrashing of Afghanistan as the tournament hosts cruised to victory in their final match before the World Cup. Roy made 89 not out on his Surrey home ground on Monday as England hammered outsiders Afghanistan by nine wickets wi

Published 28 May, 2019 12:00am

Fakhar Zaman: Pakistan's World Cup weapon

Fakhar Zaman was still establishing himself in the Pakistan team when Jasprit Bumrah's no-ball in the Champions Trophy final triggered his unlikely rise from navy sailor to World Cup talisman. India appeared to have made the perfect start in the 2017 Cham

Published 28 May, 2019 12:00am

Shaheen Afridi excited with inclusion of Wahab, Amir in the team

As the ICC Men's Cricket World Cup approaches, teenage pace sensation Shaheen Afridi is reassured by the weight of experience in his side's ranks.

Published 28 May, 2019 12:00am

World Cup organisers happy with security amid 'moderate' threat

Britain may be dealing with a national threat level of "severe" but officials are confident they have the security measures in place for a Cricket World Cup in England and Wales rated a "moderate" security risk.

Published 28 May, 2019 12:00am

Serena survives scare at Roland Garros

Serena Williams survived a first-set scare before defeating Russia's Vitalia Diatchenko 2-6, 6-1, 6-0 to reach the second round of the French Open on Monday. The 37-year-old American, who is attempting to equal Margaret Court's all-time record of 24 Grand

Published 28 May, 2019 12:00am

Nadal, Djokovic cruise through, Wozniacki dumped out

Defending champion Rafael Nadal got his bid for a record-extending 12th French Open title off to the perfect start by brushing aside German qualifier Yannick Hanfmann, while world number one Novak Djokovic was also a comfortable victor in the first round

Published 28 May, 2019 12:00am

Nazim Peshawar Tennis: Kashan, Uzair enter into U-14 singles final

ternational Kashan Umar and Uzair Khan took berth into the final of the Under-14 singles category of the Nazim Peshawar Ramadan Floodlight Open Tennis Championship being played here at Synthetic Courts of the Qayyum Sports Complex on Monday.

Published 28 May, 2019 12:00am

Currency

Central European currencies steady

Central European currencies moved sideways on Monday on a quiet day of trading untroubled by any shocks from EU parliament elections, while shares in Czech utility CEZ gained slightly as it announced a plan to sell foreign assets.

Published 28 May, 2019 12:00am

South Africa's rand drifts weaker

South Africa's rand weakened slightly on Monday in subdued trading with no economic data and investors awaiting President Cyril Ramaphosa's announcement of a new cabinet that will implement his economic reform plans.

Published 28 May, 2019 12:00am

Currency

Euro stays up in Asia

The euro held firm in early Monday trade after pro-European Union parties withstood more fragmentation than before to hold on to two-thirds of seats in the EU parliament elections, limiting gains in nationalist opponents.

Published 28 May, 2019 12:00am

Currency

Euro off two-year low, yen slips in Europe

The euro struggled to cling on to gains on Monday as investor relief at limited success for eurosceptic parties in European parliamentary elections was offset by a decline in the share of seats held by the biggest blocs.

Published 28 May, 2019 12:00am

Currency

Sri Lankan rupee edges up

Sri Lankan rupee ended slightly firmer at 176.20/30 per dollar on Monday, compared with Friday's close of 176.30/45, market sources said.

Published 28 May, 2019 12:00am

Exchange

Asian forex: South Korean won leads gains

Most Asian currencies rose on Monday, underpinned by a softer dollar and after a warning from China's top banking regulator against betting on the yuan, whose stability is vital for its regional peers.

Published 28 May, 2019 12:00am

Currency

Aussie kiwi on hold as bond yields hit historic lows

The Australian and New Zealand dollars held steady on Monday as markets waited on the next developments in the Sino-US trade dispute, while bond yields reached record lows as investors wagered heavily on rate cuts at home.

Published 28 May, 2019 12:00am

Exchange

Turkey raises reserve requirements on forex deposits

Turkey's central bank has raised reserve requirement rates for foreign exchange deposits at commercial banks, extending efforts to discourage locals from converting lira into other currencies. Turks have flocked to foreign currencies since a lira crisis l

Published 28 May, 2019 12:00am

Russian rouble steady in thin trade

The Russian rouble was steady against the dollar in thin trade on Monday, lacking momentum as holidays in the United States and Britain slowed market activity. At 0730 GMT, the rouble was 0.03% stronger against the dollar at 64.46 and had gained 0.1% to t

Published 28 May, 2019 12:00am

More empowerment, inclusion of the disadvantaged in Asia and the Pacific

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) opened its 75th session in Bangkok, with global and regional leaders calling for greater empowerment and inclusion of marginalized groups, if the region is to achieve the 2

Published 28 May, 2019 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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