Open market currency rates
The US dollar is being bought at Rs 86.00 and sold at Rs 86.50 in the open market.
The British pound is being sold at Rs 142.52 and Euro is being sold at Rs 123.89. Meanwhile, the Saudi ryal is being sold at Rs 23.09 and the UAE dirham is being sold at Rs 23.59.
Salad prevents from ulcers: research
January 11, 2011 by Trend PK
Filed under Entertainment, Pakistan
Use of salad helps to heal from and end ulcer issues and never be bothered by them again, says research.
According to a new research, daily use of salad is very useful for ulcer patents and it helps to reduce cholesterol. The person who suffers from this problem would experience a lot of pain immediately after food because the digestion process would aggravate the open wound in the stomach but the use of salad prevents from such issues because of vitamin and chlorophyll.
KSE: Future counter interest rises to Rs. 1 billion
At the end of business week, the open interest rates of future counter of Karachi Stock Exchange has risen to Rs. 1 billion after an increase of Rs. 6.6 million, trendpk.com. reported on Sunday.
The rise in the future counter was 7% while the spread of the future counter shrinked by 85 basis points to reach 8.07%. Inspite of increased business activities in ready market the volume of futures reduced by 32% to reach 4.8 million shares.
Shares of PSO, POL, MCB, NBP, ENGRO and Nishat Mills remained prominent while their combined share in the open interest remained 73%.
SBP pulls Rs 16bn out of money market
State Bank of Pakistan has pulled Rs 16 billion out of money market through open market operation on Thursday.
The Central Bank withdrew the money for one day through Repo Sale of the treasury bills. Money Market dealers made offers worth 26 billion rupees for the open market operation. T-bills would be sold at interest rate of 11.48 percent.
Demo held against unfair distribution of Watan Cards
October 27, 2010 by Trend PK
Filed under World News
Staff Report
DERA ISMAIL KHAN: A demonstration was held by flood victims in Dera Ismail Khan on Wednesday against unfair distribution of Watan Cards.
The protesting flood victims said that Watan Cards were being disseminated on the basis of political affiliation.
They said that deserving people were living in the open without any help from the government.
The protesters called upon Chief Justice Iftikhar Muhammad Chaudhry to take notice of the unjust provision of flood relief cards. SAMAA
London shares edge ahead in opening deals
LONDON: Leading shares crept up at the start of trading on Tuesday but investors remained generally nervous ahead of high-profile US earnings data.
The FTSE 100 index gained 0.29 percent to 5,182.01 points at the open.
The first of the US blue-chip second quarter earnings results, from aluminium giant Alcoa, came in positive Monday.
But investors were still awaiting more US earnings news later this week.
Sugar, Gurr prices on rise in Peshawar
PESHAWAR: The price of sugar has been witnessing steady rise in the open market of Peshawar while the rate of Gurr has also increased by Rs5 over the past one month.
According to market sources, sugar price has surged by Rs9 per kilogram in the city to Rs68 from Rs59. The rate of Gurr has also climbed from Rs65 to Rs70 per kg, showing a rise of Rs5 over the past one month.
The price of Gurr may witness further rise in the coming days, source said.
KSE: Future Contracts Open Interest Crosses Rs 2 Billion
Prior to the rollover week the open interest rate in the future contracts at Karachi Stock Exchange has exceeded Rs2 billion.
According to Top Line research, the open interest was at Rs 10 billion during 2006 while in the year 2007 the interest stands at Rs 12 billion. During the year 06-07 Badla financing was available and the market sentiment was very positive. Experts are forecasting bearish trend for the days ahead.
However if foreign investment continued then market is expected to remain stable.
IMF to start sales of 191.3 tonnes of gold soon
WASHINGTON: The International Monetary Fund on Wednesday said it will shortly begin selling 191.3 tonnes of gold in the open market under a program approved last year to boost its resources for lending.
To avoid disruptions of the gold market, the IMF said the sales “will be conducted in a phased manner over time.” The fund left the door open for central banks to keep buying the gold directly from the IMF.
The IMF announced last year it would sell a total of 403.3 tonnes of gold, about one-eighth of its total stock, to diversify its sources of income and increase low-cost lending to poor countries.
Until now, the gold has only been made available to central banks on a first-come-first-serve basis. So far, India — the world’s biggest consumer of gold — Mauritius and Sri Lanka have purchased a total of 212 tonnes of gold from the IMF.
The Reserve Bank of India was the biggest purchaser, snapping up 200 tonnes of the IMF gold over two weeks in October, boosting its gold holdings to the 10th largest among central banks.
IMF Finance Director Andrew Tweedie told IMF Survey publication that the average price for the three sales was a little over $1,050 an ounce, generating about $7.2 billion in proceeds and a profit of about $4.5 billion over the book value of the gold in the IMF’s accounts.
The price of gold has increased by 20 percent over the past two years. Spot gold traded at about $1,104 an ounce on Wednesday after peaking at $1,126.85, its highest since Jan. 20.
The IMF said central banks could continue to buy the gold, which would reduce the amount of gold available for sale on the open market.
“We are still open to off-market sales, so that window has not closed,” Tweedie said, adding: “All that has happened now is that we are moving to also start on-market sales.”
He said the sales would be based on market prices.
IMF to start sales of 191.3 tonnes of gold soon was first posted on February 18, 2010 at 4:16 pm.
Al Gore Heckled By Tea Partiers During Climate Speech In Florida
November 15, 2009 by Trend PK
Filed under World News
Full Story And Original Content.TrendPK.com Former Vice President Al Gore’s global-warming speech Saturday night at Mizner Park drew about a thousand attendees, as well as more than 200 loud protesters. Stationed outside the Mizner Park Amphitheater, the protesters jeered at Gore as he took the podium and at those walking into the open-air venue to listen to
Full Story And Original Content.TrendPK.com Former Vice President Al Gore’s global-warming speech Saturday night at Mizner Park drew about a thousand attendees, as well as more than 200 loud protesters.
Stationed outside the Mizner Park Amphitheater, the protesters jeered at Gore as he took the podium and at those walking into the open-air venue to listen to [...]
