KARACHI, (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Thursday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.68 104.73 U.S $ (Cash Free Market) 105.50 105.70 SAUDIA RIYAL 27.90 28.10 UAE DIRHAM 28.60 28.85 EURO 116.80 118.30 UK POUND […]
Business News
Kerb currency market
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Hong Kong shares up, Shanghai down after China data
HONG KONG, (APP/AFP) – Hong Kong stocks rose Thursday following a better-than-expected report on Chinese factory activity but Shanghai turned lower as the data fuelled fears authorities will now hold off unveiling fresh stimulus. The Hang Seng Index added 0.81 percent, or 185.46 points, to close at 23,162.34. The benchmark Shanghai Composite Index fell 0.72 […]
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European stocks rebound at open
LONDON, Sept 1, (APP/AFP) – Europe’s main stock markets rebounded at the start of trading on Thursday following a weak end to August, with London’s benchmark FTSE 100 index gaining 0.5 percent to 6,814.67 points. In the eurozone, Frankfurt’s DAX 30 rose 0.3 percent compared with the close on Wednesday to open at 10,622.33 points. […]
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KPT shipping intelligence report
KARACHI, (APP): The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Thursday. ALONG SIDE (Bulk Oil Pier): OP-II Chang Han Guang Rong D. Petrol Alpine 01/09/16 OP-III Chemroute Sun L. Ethanol Alpine 30/08/16 ALONG SIDE (East Wharves): 1 Dragon Fortune L. Ethanol Alpine 29/08/16 2/3 […]
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Tokyo stocks end higher, exporters lifted by weak yen
TOKYO, (APP/AFP) – Tokyo stocks rose Thursday as a slide in the yen buoyed exporters including Toyota and Nissan while banks also rallied ahead of a key US jobs report. The dollar traded at 103.35 yen, down from 103.43 yen in New York but still around one-month highs on increasing expectations for a US interest […]
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Foreign exchange rates
KARACHI, (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Thursday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 1.2445 01.09.16 CONVERSION RATES FOR 1ST SEPTEMBER 2016 FOR […]