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Markets » Exchange

Funding of non-LC imports: sources have to be declared
Exchange

Funding of non-LC imports: sources have to be declared

Finance Minister, Senator Ishaq Dar here on Tuesday chaired a meeting regarding import related payments through banking channels. The meeting was attended by senior officials of the Ministry of Finance, FBR and State Bank of Pakistan, a press release issu
Published 06 Jan, 2016 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 06 Jan, 2016 12:00am
Singer Pakistan Limited
Exchange

Singer Pakistan Limited

One of the oldest companies in South Asia Singer Pakistan Limited's presence in the subcontinent goes as far as 1877 when the first Singer sewing machine went on sale at Singer store in the region. Now, it has become a well-diversified company that has it
Published 05 Jan, 2016 12:00am
US natural gas futures little changed on cold weather forecasts
Exchange

US natural gas futures little changed on cold weather forecasts

US natural gas futures traded within a few cents of unchanged Monday morning, the first trading day of 2016, as colder-than-normal weather forecasts for the next two weeks were little changed from Thursday. Front-month natural gas futures on the New York
Published 05 Jan, 2016 12:00am
ISE index close down
Exchange

ISE index close down

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 28.45 points as the ISE Ten Index moved from 2,781.35 to 2,752.90
Published 05 Jan, 2016 12:00am
Singer Pakistan Limited
Exchange

Singer Pakistan Limited

One of the oldest companies in South Asia Singer Pakistan Limited's presence in the subcontinent goes as far as 1877 when the first Singer sewing machine went on sale at Singer store in the region. Now, it has become a well-diversified company that has it
Published 05 Jan, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 05 Jan, 2016 12:00am
LSE index down 21.25 points
Exchange

LSE index down 21.25 points

Shares on Monday did gain amid sluggish trading on the Lahore Stock Exchange. The LSE-25 index did lose 21.25 points to 5,423.83 against 5,445.08 of last Friday while the transaction volume did increase to 90,800 shares as compared with the previous volum
Published 05 Jan, 2016 12:00am
China sell-off sends yen, Swiss franc soaring in Europe
Exchange

China sell-off sends yen, Swiss franc soaring in Europe

The dollar sank to an 11-week low against the yen on Monday, hit by a renewed stock market selloff in China that sent traders running for the traditional security of the Japanese currency and the Swiss franc. Even if a majority of the biggest bank and fun
Published 05 Jan, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 05 Jan, 2016 12:00am
LSE index down 21.25 points
Exchange

LSE index down 21.25 points

Shares on Monday did gain amid sluggish trading on the Lahore Stock Exchange. The LSE-25 index did lose 21.25 points to 5,423.83 against 5,445.08 of last Friday while the transaction volume did increase to 90,800 shares as compared with the previous volum
Published 05 Jan, 2016 12:00am
Dollar/Saudi riyal forwards jump on Saudi-Iran tensions
Exchange

Dollar/Saudi riyal forwards jump on Saudi-Iran tensions

The Saudi riyal fell sharply against the US dollar in the forward foreign exchange market early on Monday after relations between Saudi Arabia and Iran deteriorated, raising concern that dollar funding for the kingdom could become more expensive. Saudi Ar
Published 05 Jan, 2016 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (January 04, 2016).

Published 05 Jan, 2016 12:00am
European shares down sharply on disappointing Chinese data
Exchange

European shares down sharply on disappointing Chinese data

European shares fell sharply on Monday, the first trading day of 2016, as weak Chinese data weighed on world stock markets. The pan-European FTSEurofirst 300 index lost 2.5 percent, its biggest one-day drop since a 3.3 percent fall on December 3, while th
Published 05 Jan, 2016 12:00am
Rubber plunges
Currency

Rubber plunges

Benchmark Tokyo rubber futures hit their lowest level since 2009 on Monday, in line with a slump in Shanghai futures, after weak Chinese factory activity renewed worries over slowing demand in the world's top consumer. The Tokyo Commodity Exchange rubber
Published 05 Jan, 2016 12:00am
Southeast Asian markets: Malaysia, Singapore lead regional fall
Exchange

Southeast Asian markets: Malaysia, Singapore lead regional fall

Southeast Asian stock markets fell on Monday with sharp falls in Malaysia and Singapore amid a selloff in Chinese stocks after weak factory activity data, and as economic numbers in the region still pointed to risks. Late selling hit regional bourses as t
Published 05 Jan, 2016 12:00am
Tokyo stocks tumble
Exchange

Tokyo stocks tumble

Tokyo stocks tumbled more than three percent on their first trading day of 2016, hit by weak China data and a rise in the yen driven by growing tensions in the Middle East. China's factory activity shrank further in December, a private survey showed Monda
Published 05 Jan, 2016 12:00am
Most ME markets hit by global sell-off, Saudi-Iran tensions
Exchange

Most ME markets hit by global sell-off, Saudi-Iran tensions

Most Middle East stock markets tumbled on Monday in a global sell-off triggered by China, while growing tensions between Saudi Arabia and Iran added to the gloom. Chinese stocks slumped by 7 percent after weak manufacturing data, causing emerging markets
Published 05 Jan, 2016 12:00am