KARACHI, (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Monday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.65 104.70 U.S $ (Cash Free Market) 105.60 105.80 SAUDIA RIYAL 28.05 28.25 UAE DIRHAM 28.75 28.95 EURO 117.25 118.25 UK POUND […]
Business News
Kerb currency market
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Hong Kong, Shanghai stocks end higher on intervention pledge
HONG KONG, (APP/AFP) – Chinese stocks closed up solidly on Monday after the new head of the securities regulator pledged government intervention should the market fall too sharply, dealers said. The benchmark Shanghai Composite Index rose 1.75 percent, or 49.19 points, to 2,859.50 on turnover of 202.8 billion yuan ($31.2 billion). The Shenzhen Composite Index, […]
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European stock markets rise at open
LONDON, (APP/AFP) – European stock markets rose at the start of trading on Monday following a strong start to the week across Asia, as traders looked ahead to more central bank action. London’s benchmark FTSE 100 index climbed almost 0.2 percent to 6,150.21 points compared with Friday’s close. In the eurozone, Frankfurt’s DAX 30 index […]
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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 Monday. ALONG SIDE (Bulk Oil Pier): OP-I BW Amazon D. Petrol Alpine 12/03/16 OP-II Salamis D. Petrol GAC 12/03/16 OP-III Maersk Messina D. Petrol Trans Maritime 13/03/16 ALONG SIDE (East Wharves): 1 Chem Lyra […]
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Tokyo stocks end higher on weak yen, positive data
TOKYO, (APP/AFP) – Tokyo stocks closed higher on Monday, extending a global rally, as the yen weakened and latest Japanese economic data proved better than expected. The benchmark Nikkei 225 index at the Tokyo Stock Exchange climbed 1.74 percent, or 294.88 points, to finish at 17,233.75. The Topix index of all first-section shares gained 1.52 […]
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China minister warns on subsidies as Uber, Didi battle
BEIJING, (APP/AFP) – China’s transport minister warned online taxi-hailing companies Monday over subsidies leading to “unfair” competition, as US giant Uber and homegrown rival Didi spend billions in their battle for market share. Yang Chuantang did not name either firm and did not threaten specific sanctions, but Chinese authorities have issued huge fines in competition […]