SHANGHAI, (APP/AFP): Chinese oil giant Sinopec, Asia’s biggest refiner, saw its first half net profits drop 21.6 percent, it said, hit by low oil prices. The company made 19.92 billion yuan ($2.98 billion) in the January to June period, compared with 25.42 billion yuan in the same period last year, according to a statement to […]
Business News
China oil giant Sinopec net profit dives over 20%
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Global markets drift after Yellen speech
NEW YORK, (APP/AFP) – European and US equities markets were split on Friday after US Fed chief Janet Yellen suggested interest rates could rise in the near-term. In words carefully parsed by market watchers, Yellen said recent months had seen conditions in the US economy increasingly favor an increase in interest rates but she did […]
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PSX, Al-Ameen Funds hosts session on Shariah Compliant Investment, Capital Market
ISLAMABAD, (APP): Al-Ameen Funds, managed by UBL Fund Managers Limited (UBL Funds), in collaboration with Pakistan Stock Exchange Limited (PSX) hosted an awareness session on shariah compliant investment and capital markets in Karachi. The session discussed the scope of Islamic investments and its increasing market share. The event was attended by shariah advisors and management […]
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European stocks steady at open
LONDON, (APP/AFP): Europe’s main stock markets steadied at the start of trade on Friday, with London’s benchmark FTSE 100 index flat at 6,816.21 points. Frankfurt’s DAX 30 lost just 0.2 percent to 10,512.21 points and the Paris CAC 40 also shed 0.2 percent to 4,399.46 points, compared with Thursday’s close.
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EXCHANGE RATES FOR CURRENCY NOTES
SELLING BUYING U.S.A 105.65 103.14 S.ARABIA 28.03 26.38 U.K 139.50 136.20 JAPAN 1.0515 1.0260 EURO 119.22 116.40 U.A.E 28.76 26.36 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 1.2290 26-08-2016 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 JPY 0.0000 BILL […]
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NBP Exchange Rates
KARACHI, (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates: Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A. 104.60 104.40 104.19 U.K. 138.12 137.85 137.57 EURO 118.04 117.82 117.57 CANADA 81.02 80.87 80.65 SWITZERLAND 108.17 107.96 107.68 AUSTRALIA 79.83 79.67 79.46 SWEDEN 12.44 12.42 12.39 […]