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Monday 24, November 2014

 
 
 




 

Market


Bullion prices on Saturday

By: Web Desk, Uploaded: 22nd November 2014

Bullion prices on Saturday KARACHI: Following were the bullion prices in Karachi, and Hyderabad on Saturday. KARACHI:  (per 10 gram) Gold Tezabi 24 CT    Rs   40971.00 Silver Tezabi        Rs     591.42 HYDERABAD: (per 10 gram) Gold  24K            Rs.  41061.00 Gold  22K            Rs.  37640.00 Silver               Rs.    700.00 Source:...


Asian stocks mostly higher after painful week

By: Web Desk, Uploaded: 21st November 2014

Asian stocks mostly higher after painful week HONG KONG- Asian markets mostly rose on bargain-buying Friday, at the end of a disappointing week that saw Japan plunge into recession and a trumpeted Hong Kong Shanghai exchange link-up fall flat. The yen made some inroads against the dollar and euro after hitting multi-year lows, but with eyes on the general election expected next...


Yen recovers from multi-year lows

By: Web Desk, Uploaded: 21st November 2014

Yen recovers from multi-year lows TOKYO- The yen clawed back some losses in Asia after a steep slide over the past week left it at multi-year lows against the dollar and euro, but analysts said another fall could be in store. In Tokyo, the greenback slipped to 117.85 yen, against 118.22 yen in New York, where it almost broke the...


Exchange rates for currency notes

By: Web Desk, Uploaded: 21st November 2014

Exchange rates for currency notes LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS BILL BUYING RATES PER UNIT OF CURRENCY SOURCE:...


Currency rates of NBP

By: Web Desk, Uploaded: 21st November 2014

Currency rates of NBP KARACHI: Following are the selling/buying rates of major currencies issued by National Bank of Pakistan (NBP) here on Friday. SOURCE:...


Eurozone growth at 16-month slow point: survey

By: Web Desk, Uploaded: 20th November 2014

Eurozone growth at 16-month slow point: survey BRUSSELS- Growth in the eurozone has slowed to its slowest pace in 16 months as new orders dipped, survey company Markit said Thursday, raising pressure on policymakers to crank up measures to support the economy. Markit’s flash reading of its composite purchasing managers’ index (PMI) for the eurozone in November came in at 51.4 points,...


Yen hits fresh lows on BoJ easing speculation

By: Web Desk, Uploaded: 20th November 2014

Yen hits fresh lows on BoJ easing speculation TOKYO- The yen drifted lower on Thursday, hitting multi-year lows against the dollar and euro as investors bet on further Bank of Japan monetary easing measures. In Tokyo afternoon trading, the dollar rose to 118.45 yen, from 118.01 yen in New York and hovering around its highest level since August 2007. The euro bought 148.53...


Oil prices down in Asian trade

By: Web Desk, Uploaded: 20th November 2014

Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Thursday as dealers anticipated Gulf members of the OPEC cartel to reject production cuts unless they are guaranteed market share, analysts said. US benchmark West Texas Intermediate for December fell 12 cents to $74.46 while Brent crude for January was down four cents at $78.06 in mid-morning trade. “The...


Tokyo stocks open 0.69% higher

By: Web Desk, Uploaded: 20th November 2014

Tokyo stocks open 0.69% higher TOKYO- Tokyo stocks opened 0.69 percent higher on Thursday after the yen fell to multi-year lows against the dollar and euro in a boost to exporters. The Nikkei 225 index at the Tokyo Stock Exchange gained 118.94 points to 17,407.69 at the start. Official data released early Thursday showed Japan’s trade deficit narrowed by more...


Asian stocks mostly down, yen hits fresh lows

By: Sumaira Alwani, Uploaded: 20th November 2014

Asian stocks mostly down, yen hits fresh lows HONG KONG: Asian markets mostly fell Thursday after another round of weak manufacturing data underlined the slowdown in China’s economy while minutes from the US Federal Reserve’s latest meeting gave few hints about its plans for interest rates. Further losses in the yen to multi-year lows against the dollar and euro were not enough to...


Currency rates of NBP

By: Web Desk, Uploaded: 20th November 2014

Currency rates of NBP KARACHI: Following are the selling/ buying rates of major currencies issued by National Bank of Pakistan (NBP) here on...


Exchange Rates for currency notes

By: Web Desk, Uploaded: 20th November 2014

Exchange Rates for currency notes SELLING—— BUYING U.S.A————– 102.41—— 99.98 S.ARABIA——– 27.16—– 26.77 U.K————— 160.53 —– 156.72 JAPAN———– 0.8653 —– 0.8442 EURO———— 128.46 ——- 125.41 U.A.E———— 27.88 ——– 26.66 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR   ———————-   VALUE 6 Mths US Dollar          0.3257         20-11-2014 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD...


Oil prices mixed as hopes dim for OPEC output cut

By: Web Desk, Uploaded: 19th November 2014

Oil prices mixed as hopes dim for OPEC output cut SINGAPORE- Oil prices were mixed in Asia Wednesday as dealers predicted that leading producer Saudi Arabia will resist pressure from other OPEC members to cut output in a bid to prop up falling prices. US benchmark West Texas Intermediate for December delivery fell 20 cents to $74.41 while Brent crude for January rose 10 cents...


Gas suspension to CNG sector: oil import bill to become heftier

By: Web Desk, Uploaded: 19th November 2014

Gas suspension to CNG sector: oil import bill to become heftier The country’s oil imports are likely to increase substantially due to suspension of gas supply to the CNG sector, informed sources told Business Recorder. Sources added the Petroleum Ministry has argued in a proposal that was submitted to the Economic Co-ordination Committee (ECC) of the Cabinet that if petrol replaces CNG the country’s oil imports...


Bullion prices on Tuesday

By: Web Desk, Uploaded: 18th November 2014

Bullion prices on Tuesday KARACHI: Following were the bullion prices in Karachi, Multan and Hyderabad on Tuesday. KARACHI:  (per 10 gram) Gold Tezabi 24 CT    Rs   40800.00 Silver Tezabi              Rs     591.42 MULTAN: (per 10 gram) Gold Tezabi-24 CT    Rs  40120.00 Gold 22 CT                 Rs  36860.00 Silver Tezabi              Rs    600.00 Silver Thobi               Rs    550.00 HYDERABAD: (per 10 gram) Gold  24K...


AMISP issues rates of commodities

By: Web Desk, Uploaded: 18th November 2014

AMISP issues rates of commodities LAHORE: Agriculture Marketing Information Service Punjab (AMISP) issued rates of different agriculture products as per 100 kg in local market on Tuesday. Rice (Super Karnal Basmati New) minimum Rs 11800 and maximum Rs 12000, white sugar minimum 5500 and maximum Rs 5500, white gram minimum Rs 5300 and maximum Rs 5600, Red Chili Whole (Dry)...


Asian stocks mixed after Wall St record, Tokyo recovers

By: Web Desk, Uploaded: 18th November 2014

Asian stocks mixed after Wall St record, Tokyo recovers HONG KONG- Asian markets were mixed Tuesday, with Tokyo leading gainers on bargain-buying after the previous day’s sell-off, while Wall Street provided some support with another record close. Hong Kong and Shanghai extended their previous day’s losses, despite a new trading link-up between the two exchanges. Tokyo — which lost almost three percent Monday on...


Tokyo stocks close 2.18% higher

By: Web Desk, Uploaded: 18th November 2014

Tokyo stocks close 2.18% higher TOKYO- Tokyo stocks rose 2.18 percent Tuesday on a weaker yen and bargain-hunting after tumbling a day earlier in response to data showing the Japanese economy had slumped into recession. The Nikkei 225 index at the Tokyo Stock Exchange, which lost almost three percent on Monday, ended up 370.26 points at 17,344.06. The Topix index...


CNG sector: LNG price for end users to be considerably high

By: Web Desk, Uploaded: 18th November 2014

CNG sector: LNG price for end users to be considerably high The LNG price for end users of CNG sector will be considerably high with 81 percent price parity of petrol (Rs 106 per kg) against the current CNG price of 48 percent parity (Rs 71.52). The price calculated by a committee constituted by the Economic Co-ordination Committee (ECC) of the Cabinet does not include Gas...


Bullion prices on Monday

By: Web Desk, Uploaded: 17th November 2014

Bullion prices on Monday KARACHI: Following were the bullion prices in Karachi, Multan and Hyderabad on Monday. KARACHI:  (per 10 gram) Gold Tezabi 24 CT    Rs   40671.00 Silver Tezabi             Rs     591.42 MULTAN: (per 10 gram) Gold Tezabi-24 CT    Rs  40120.00 Gold 22 CT                 Rs  36680.00 Silver Tezabi              Rs    600.00 Silver Thobi               Rs    550.00 HYDERABAD: (per 10 gram) Gold  24K           ...


ISE stays bullish

By: Web Desk, Uploaded: 17th November 2014

ISE stays bullish ISLAMABAD: The Islamabad Stock Exchange (ISE) Monday witnessed a bullish trend as the ISE-10 Index was up by 13.82 points to close at 4,158.68 points. A total of 32,700 shares were traded, which showed a positive growth 30,000 shares when compared to previous day’s trading of 2,700 shares. Out of 169 companies, share prices of...


Tokyo stocks close up 0.56%

By: Web Desk, Uploaded: 14th November 2014

Tokyo stocks close up 0.56% TOKYO- Tokyo stocks rose 0.56 percent on Friday to a more than seven-year high, recovering earlier losses after the yen slid further against the dollar. The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 98.04 points to 17,490.83, its best close since July 2007, while the Topix index of all first-section shares gained...


Asian stocks mixed, Japan GDP eyed

By: Sumaira Alwani, Uploaded: 14th November 2014

Asian stocks mixed, Japan GDP eyed HONG KONG- Asian markets were mixed Friday a profit-taking offset another record close for the Dow on Wall Street, while Tokyo reversed morning losses to end on a high as the dollar broke the 116 yen barrier. The generally upbeat outlook provided support and capped any losses, while attention will turn to this weekend’s G20...


Honda discloses 5th Takata air bag-linked fatality, widens recall

By: Web Desk, Uploaded: 13th November 2014

Honda discloses 5th Takata air bag-linked fatality, widens recall TOKYO: Honda Motor Co said on Thursday that a driver in Malaysia had died after a July accident involving an air bag supplied by Takata Corp, and widened its recall for the defective air bags by another 170,000 vehicles. In the fatal accident, involving a 2003 Honda City model, the air bag inflator ruptured and...


Oil prices down in Asian trade

By: Web Desk, Uploaded: 12th November 2014

Oil prices down in Asian trade SINGAPORE- Oil prices fell in subdued Asian trade Wednesday following sustained speculation about the dim prospects for an OPEC oil production cut in the face of abundant global supplies. US benchmark West Texas Intermediate for December delivery fell 46 cents to $77.48 while Brent crude for December was down 39 cents to $81.28 in late-morning...


Yen trims losses in Asia after drop on Japan tax talk

By: Web Desk, Uploaded: 12th November 2014

Yen trims losses in Asia after drop on Japan tax talk TOKYO- The yen trimmed some of its losses in Asia on Wednesday after tumbling to a seven-year low against the dollar on speculation that Japanese Prime Minister Shinzo Abe would delay a planned sales tax hike. In Tokyo, the greenback fetched 115.34 yen in midday trade, after topping 116 yen for the first time since...


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