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Coronavirus

Morgan Stanley profit jumps 45pc on trading boom

The bank's trading unit recorded a 68% jump in revenue, led by a nearly 168% surge in bond trading. Equities trading revenue rose 23%.
Morgan Stanley set aside $239 million as provisions for credit losses, down from $407 million in the previous quarter.

Published 16 Jul, 2020 05:10pm

Pakistan

Coronavirus claims 34 more lives in Sindh

Province also reported 1155 new cases.

Published 16 Jul, 2020 05:01pm

Sindh, Balochistan extend lockdown

Sindh has extended till August 15, whereas Balochistan has extended till July 30.

Published 16 Jul, 2020 01:05pm

Pakistan reports lowest daily number of coronavirus deaths since May

The country reported 40 deaths during the past 24 hours.

Updated 16 Jul, 2020 10:47am

Coronavirus toll at 1900 GMT Wednesday

At least 13,407,780 cases of coronavirus have been registered in 196 countries and territories. Of these, at least 7,264,600 are now considered recovered.

Published 16 Jul, 2020 02:44am

World

Ireland delays end of full coronavirus lockdown

Under an accelerated version of the government's original plan to leave lockdown, Ireland had been set to enter the fourth and final stage of restrictions relaxing on Monday.

Published 16 Jul, 2020 02:39am

Pakistan

VC Nishtar Medical University dies of Covid-19

MULTAN: Nishtar Medical University (NMU) Vice Chancellor (VC) Dr Mustafa Kamal Pasha, who had been on ventilator for...

Published 16 Jul, 2020 02:38am

Pakistan

Covid-19 (Prevention of Hoarding) Ord, 2020 laid in Senate

ISLAMABAD: The federal government on Wednesday laid in the Senate the Covid-19 (Prevention of Hoarding) Ordinance,...

Updated 16 Jul, 2020 03:13am

Moderna Phase 1 results show coronavirus vaccine safe, induces immune response

CHICAGO: Moderna Inc's experimental vaccine for COVID-19 showed it was safe and provoked immune responses in all 45...

Updated 16 Jul, 2020 02:58am

Pakistan

4872 COVID-19 patients cured, 25 died, 1140 infected: Sindh CM

He added that 11060 samples were tested which detected 1140 cases of coronavirus that constituted 10 percent detection rate.

Published 15 Jul, 2020 11:38pm

Markets

EU and India seek deeper trade ties

The leaders discussed it at our summit today in the context of post-COVID economic recovery priorities on both sides.

Published 15 Jul, 2020 08:56pm

World

US COVID-19 epidemic projected to worsen

California, Florida and Texas, the three most populous states in the country, will see one thousand more deaths over the next four weeks.

Published 15 Jul, 2020 08:54pm

Business & Finance

Vaccine alliance says 75 countries keen to join ‘COVAX’ access facility

The 75 countries, which would finance the vaccines from public budgets, will partner with up to 90 poorer countries supported through voluntary donations to GAVI's COVAX Advance Market Commitment (AMC).
"COVAX is the only truly global solution to the COVID-19 pandemic," Seth Berkley, GAVI's chief executive.

Published 15 Jul, 2020 08:53pm

Markets

Yield rise as COVID vaccine hopes boost risk appetite

The market is trading fairly 'risk on' on vaccine hopes," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. "It's largely COVID news driving the price action recently.
Benchmark 10-year notes rose three basis points to 0.648%. They have held in a tight range from 0.569% to 0.784% since mid-June.

Published 15 Jul, 2020 08:33pm

Business & Finance

Bank of Canada holds rate steady, sees economy below pre-COVID-19 levels until 2022

They've made it pretty clear that they're going to keep the pedal to the metal in terms of easy policy until the economy has recovered.
The Canadian dollar held on to earlier gains after the rate decision, trading at about C$1.3570, or 73.69 US cents.

Published 15 Jul, 2020 08:12pm

World

Positive news on Oxford/AstraZeneca COVID-19 vaccine could come Thursday: report

The potential vaccine is already in large-scale Phase III human trials to assess whether it can protect against COVID-19.
More than 100 vaccines are being developed and tested around the world to try to stop the COVID-19 pandemic.

Published 15 Jul, 2020 08:08pm

Business & Finance

Moderna shares jump on data from early coronavirus vaccine trial

Wall Street analysts said data from 45 healthy trial volunteers suggested the vaccine could protect against infection by the virus.
We have already started to make material at risk in preparation for commercial (vaccine) doses. We are moving as quickly and as safely as possible.

Published 15 Jul, 2020 08:01pm

International airlines make coronavirus test mandatory for Pakistani passengers

The travellers are required to take corona test no earlier than 96 hours before boarding the flight

Published 15 Jul, 2020 07:34pm

World

France to boost domestic production with tax breaks, PM says

Outlining his policy priorities, Castex did not say how the tax relief - long sought by companies - would be financed but said that French taxpayers would not be called on to pay more.
The crisis has confirmed that we must now transform our industry.
"We will ease taxes that weigh on producing in France," Castex added.

Updated 15 Jul, 2020 08:00pm

World

Iran says 140 health workers died from virus

Lari said the country had recorded 13,410 deaths overall, with 199 in the past 24 hours.

Published 15 Jul, 2020 05:54pm

Nishtar Medical University VC Dr Pasha dies of coronavirus

Prime Minister Imran Khan also extended his condolences to the families of Dr Pasha

Published 15 Jul, 2020 04:13pm

Sindh reports 1140 new cases, 25 deaths

736 patients are in critical condition in the province.

Updated 15 Jul, 2020 04:20pm

Pakistan

Sindh CM allows cattle markets to operate

He said government will issue SOPS.

Updated 15 Jul, 2020 03:17pm

Pakistan

Govt has added 1,825 oxygenated beds to hospitals across Pakistan: Asad Umar

The government had decided to add 2000 beds across Pakistan.

Updated 15 Jul, 2020 02:10pm

World

Mexico reports 7,051 new cases of coronavirus, 836 more deaths

The government has said the real number of infected people is likely significantly higher than the confirmed cases.

Published 15 Jul, 2020 01:13pm

Pakistan

Covid-19 cases touch 254,755 with 5,366 deaths

ISLAMABAD: Pakistan's Covid-19 cases have reached 254,755 with 5,366 deaths and 170,800 recoveries, data released by...

Published 15 Jul, 2020 02:43am

Business & Finance

EFU Life, HabibMetro Bank collaborate to offer Covid-19 cover

KARACHI: HabibMetro Bank and EFU Life strengthened their partnership by taking the initiative to launch "COVID - 19...

Updated 15 Jul, 2020 03:18am

Business & Finance

Gasoline boosts US inflation; escalating Covid-19 cases seen suppressing demand

WASHINGTON: US consumer prices rebounded by the most in nearly eight years in June, but a resurgence in new Covid-19...

Published 15 Jul, 2020 02:43am

Markets

European stocks hit by new coronavirus lockdowns

A weaker British currency tends to boost share prices of companies listed in London who earn much of their income in dollars.

Published 15 Jul, 2020 01:14am

Florida posts new daily virus death toll record

Overall, Florida has recorded more than 290,000 cases and more than 4,400 deaths.

Published 15 Jul, 2020 12:50am

Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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