News Archives for Print - 2019-06-13

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 13 Jun, 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 13 Jun, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 13 Jun, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 13 Jun, 2019 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 13 Jun, 2019 12:00am

Exchange

Saudi bourse continues winning streak, other markets mixed

Saudi Arabia's stock market rose for a fifth straight session on Wednesday as nearly all its banks gained, while other major Middle Eastern markets were mixed. Saudi's index closed 1.1% higher with National Commercial Bank, the country's largest lender, g

Published 13 Jun, 2019 12:00am

Tokyo stocks lower

Tokyo stocks closed lower on Wednesday on profit-taking, snapping a three-day winning streak amid lingering anxiety over the US-China trade war. The benchmark Nikkei 225 index lost 0.35 percent or 74.56 points to end at 21,129.72, while the broader Topix

Published 13 Jun, 2019 12:00am

China stocks fall

China stocks fell on Wednesday after the previous session's rally, as weak factory inflation data and prospects of an escalation in the Sino-US trade war curbed risk appetite. The blue-chip CSI300 index fell 0.8%, to 3,691.10 points, while the Shanghai Co

Published 13 Jun, 2019 12:00am

Kerb

Wednesday's early afternoon trade: Trade tensions push Wall Street lower

Wall Street's main indexes dipped on Wednesday over worries of a prolonged US-China trade war after Washington toughened its stance, but losses were cushioned by a muted reading on inflation that backed the case for an interest rate cut. A report from the

Published 13 Jun, 2019 12:00am

Exchange

Wall Street treads water after recent rally

US stocks ended near flat and the Dow snapped a six-day winning streak on Tuesday, as investors paused following a run of gains and fresh worries emerged over the US trade war with China. President Donald Trump said Tuesday he was holding up a trade deal

Published 13 Jun, 2019 12:00am

Indian shares down

Indian shares inched lower on Wednesday after three straight sessions of gains, tracking broader Asia as investors worried about Washington's tough stance on the trade talks with China, and as a slump in domestic automobile sales curbed risk appetite. US

Published 13 Jun, 2019 12:00am

Inflation, strong auction flattens yield curve

An uptick in US inflation and strong results from a $38 billion Treasury auction on Tuesday drove short-dated yields higher, flattening the yield curve. Underlying US producer prices increased for a second straight month in May. The report from the Labour

Published 13 Jun, 2019 12:00am

Italian yields jump

Italy's long-dated government bond yields rose sharply on Wednesday after the country launched a surprise 20-year bond sale to take advantage of hefty demand for euro zone debt. Italy has received orders worth more than 23.5 billion euros for the new bond

Published 13 Jun, 2019 12:00am

Australian shares flat; New Zealand up

Australian shares closed flat on Wednesday as the combination of soft local and Chinese data as well as the festering Sino-US tariff war offset sharp gains for miners. The S&P/ASX 200 index ended flat at 6,543.70, having gained 1.6% on Tuesday.

Published 13 Jun, 2019 12:00am

Oil majors, banks drive European shares from 3-week high

Weakness in oil companies and banks halted a week long rally in European shares on Wednesday, as soft Chinese factory activity data and Washington's tough stance on trade talks with Beijing prompted investors to cash in some of June's gains. Defensive sec

Published 13 Jun, 2019 12:00am

Most SE Asian stocks fall

Most Southeast Asian stock markets fell on Wednesday, with Vietnam taking the biggest hit, as fears of slowing growth in China and dwindling hopes of progress in Sino-US trade talks dampened the trading sentiment. Investors across broader Asia were wary a

Published 13 Jun, 2019 12:00am

FTSE rally out of steam as trade nerves return, BAT slides

London's main index eased as the latest salvoes in the US-Chinese trade dispute kept investors on edge and weak demand outlook knocked oil shares, while British American Tobacco slid after warning of steeper declines in cigarette sales.

Published 13 Jun, 2019 12:00am

Taylor says World Cup still wide open

New Zealand batsman Ross Taylor says it is too early to pick favourites for the World Cup, with most of the 10 teams firmly in the race to reach the semi-finals. Kane Williamson's side have won all three of their matches to top the table ahead of their ma

Published 13 Jun, 2019 12:00am

India call up Pant as cover for injured Dhawan

Rishabh Pant has been called up as cover for the injured Shikhar Dhawan in India's World Cup squad, team chiefs confirmed on Wednesday. Dhawan injured his hand during the team's 36-run victory against Australia on Sunday and remains a doubt for the rest o

Published 13 Jun, 2019 12:00am

Gayle relishing taking on England quicks, says West Indies coach

Chris Gayle will "relish" the chance to take on England quicks Mark Wood and Jofra Archer, according to West Indies coach Corey Collymore. Gayle has hinted he could retire from one-day cricket after the World Cup and is eager to bow out on a high befittin

Published 13 Jun, 2019 12:00am

Warner hundred sets up Australia win over Pakistan

David Warner scored his first international century since completing a ball-tampering ban as Australia returned to winning ways at the World Cup with a 41-run victory over Pakistan at Taunton on Wednesday. Warner made 107 and, with Australia captain Aaron

Published 13 Jun, 2019 12:00am

Nigeria eye knockouts after South Korea win

Nigeria inched towards qualifying for the knockout stages of the Women's World Cup for the first time in 20 years after beating South Korea 2-0 on Wednesday. A comical 29th-minute own goal from Kim Do-yeon, who somehow hooked a long ball back past onrushi

Published 13 Jun, 2019 12:00am

Americans face backlash over biggest women's World Cup win

Holders the United States began their defence of the women's World Cup by crushing Thailand 13-0 but their joyous celebrations of the tournament's record win triggered a backlash on Wednesday. The US team scored 10 goals in the second half in Reims on Tue

Published 13 Jun, 2019 12:00am

Joshua is 'finished', says Tyson Fury

Tyson Fury believes former world champion Anthony Joshua is "finished" after the British heavyweight's shock defeat to Andy Ruiz Jr in New York. Joshua lost his IBF, WBA and WBO titles on June 1 in one of the biggest upsets in the history of the division.

Published 13 Jun, 2019 12:00am

Australia's women's BBL gets own timeslot

Women's cricket in Australia received a boost Wednesday when the Twenty20 Women's Big Bash League moved to its own window away from the men. Until now, the tournament has been played in tandem with the men from December to February, but this year's fifth

Published 13 Jun, 2019 12:00am

Aussie, kiwi down

The Australian and New Zealand dollars edged lower on Wednesday in very quiet trade as the Sino-US trade dispute showed every sign of dragging on, and domestic economic news generally disappointed. President Donald Trump said on Tuesday he was holding up

Published 13 Jun, 2019 12:00am

Currency

Dollar hovers near 11-week low in Asia

The dollar hovered near an 11-week low against its peers on Wednesday, weighed by expectations the US Federal Reserve could cut interest rates some time in the next few months. The dollar index versus a basket of six major currencies was effectively flat

Published 13 Jun, 2019 12:00am

Currency

Dollar falls in Europe

The dollar fell on Wednesday as rising trade tensions between Washington and Beijing and growing bets on a US interest rate cut sapped investor demand for the currency. Against a basket of other currencies, the dollar edged 0.1 percent lower to 96.64 and

Published 13 Jun, 2019 12:00am

Currency

Early trade in New York: Dollar gains as trade tensions, Fed policy in focus

The US dollar gained on Wednesday as trade tensions and US interest rate policy remained in focus after President Donald Trump expressed optimism over making a trade deal with China. The greenback has come under pressure recently as the US-China trade war

Published 13 Jun, 2019 12:00am

Currency

Dollar index dips modestly in New York

The US dollar index dropped slightly on Tuesday as investors focused on the US-China trade war and economic data for signals of growth and whether the US Federal Reserve is likely to cut rates in the coming months. Risk sentiment improved on Monday, after

Published 13 Jun, 2019 12:00am

Exchange

South Africa's rand weakens

South Africa's rand weakened against the dollar on Wednesday, extending earlier losses after mixed local data and the anti-graft ombudsman's calls for President Cyril Ramaphosa to respond to findings from an investigation into a bribe scandal.

Published 13 Jun, 2019 12:00am

Currency

Asian Thai baht, Indian rupee firm; most trade sideways

Asian currencies traded narrowly on Wednesday, with the Thai baht and Indian rupee firming as investors looked to data that could raise prospects of an early cut in US interest rates. Economic indicators in the United States have been a point of focus for

Published 13 Jun, 2019 12:00am

Currency

Brazil, Mexico currencies up

The currencies of Brazil and Mexico firmed on Wednesday, benefiting from prospects that the Federal Reserve will cut interest rates soon after data showed that US inflation barely rose in May. The greenback held steady after a brief dip on the data. Emerg

Published 13 Jun, 2019 12:00am

Sterling creeps up towards three-week high

The pound rose towards a three-week high on Wednesday after Britain's main opposition party said it would try to introduce parliamentary legislation to prevent a no-deal Brexit. Investors are concerned the next prime minister could put Britain on course f

Published 13 Jun, 2019 12:00am

Sri Lankan rupee slips

Sri Lanka rupee ended down at 176.45/60 per dollar on Wednesday, compared with Tuesday's close of 176.30/60, market sources said. Analysts expect the rupee to weaken further as money flows out of stocks and government securities.

Published 13 Jun, 2019 12:00am

Asia's naphtha stays at discounts

Asia's naphtha physical remained at a discount for the fourth straight session after flipping into the negative zone for the first time last week in more than a decade due to weaker-than-expected demand caused by cracker shutdown. Benchmark open-specifica

Published 13 Jun, 2019 12:00am

Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,778. The traded value of Metals, Energy and COTS/FX was recorded at PKR 11.901 billion and the number of lots traded was 12,677. Major business was contributed by NSDQ100

Published 13 Jun, 2019 12:00am

Exchange

European wheat futures higher after USDA report

European wheat futures in Paris took their cue from strong Chicago markets on Tuesday, reversing earlier losses, after new crop estimates from the US Department of Agriculture (USDA). Benchmark September milling wheat on the Paris-based Euronext exchange

Published 13 Jun, 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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