Business News

Hong Kong stocks down at lunch

  • HONG KONG, (APP/AFP) – Hong Kong stocks ended the morning session lower Friday with energy firms taking a hit as oil prices extend losses to a seventh straight day owing to supply worries. The Hang Seng Index eased 0.82 percent, or 182.40 points, to 21,991.94 by the break. The benchmark Shanghai Composite Index was marginally […]

  • Telefonica profits tumble on exchange rates

    MADRID, (APP/AFP) – Spain’s heavily indebted telecoms giant Telefonica Thursday reported a plunge in profits on adverse exchange rates but maintained its objectives for the year. It posted net profits of 693 million euros ($770 million) in the second quarter, down 54.5 percent, below the figure of 743 million predicted analysts polled by Factset. The […]

  • KPT shipping

    KPT Shipping Movements Report

    KARACHI, (APP): Following were the Movements of Ships at Karachi Port Trust (KPT) during last 24 hours, ending at 0700 hours on Thursday. SHIPS SAILED: Xiu Chi Ever Divine Seadream Kypros Sky BSLE Nina SHIPS BERTHED: UACC Harmony Tanker Batam Trader Container Ship BSLE Nina General Cargo Kota Kamil Container Ship EXPECTED SAILING DATE Batam […]

  • Spot rates of cotton (Crop 2015-2016)

    KARACHI, (APP): Karachi Cotton Association (KCA) on Thursday announced the following KCA Spot Rates for local dealing in Pak rupees for base grade 3 (three) staple length 1-1/16″ Micronaire value between 3.8 and 4.9 NCL. Rate Ex-Gin Up-country Spot Rates for Price Expenses Ex-Karachi 37.324 kgs 6,450 135 6,585 Equivalent 40 kgs 6,912 145 7,057

  • Kerb currency market

    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) 104.85 104.90 U.S $ (Cash Free Market) 105.80 106.00 SAUDIA RIYAL 28.15 28.35 UAE DIRHAM 28.80 29.00 EURO 117.15 118.15 UK POUND […]

  • Market rates of bullion in Multan

    MULTAN, (APP): Following bullion rates were received from markets here on Thursday: BULLION (PER 10 GRAM) ===================== GOLD TEZABI-24 CT—- 44150.00 GOLD 22 CT————-40360.00 SILVER TEZABI————617.00 SILVER THOBI————-564.00