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Bank of Ireland trading in line with expectations with “continuing momentum”

DUBLIN: Bank of Ireland said that it has traded in line with its expectations with “continuing momentum” across all of its businesses in Ireland and internationally since December 2014. The bank said asset quality trends have continued to improve in line with its expectations, reflecting the favourable economic conditions and its own efforts to work customers in financial difficulty. It ... Read More »

Finland’s Gold trading prices remain at $1210 to $ 1185, Silver at $16.60 to $16.00

HELSINKI: Finland’s Gold and silver prices remained stagnant at this week trading, the trading range of $1210 to $1185 for gold and $16.60 to $16.00 for silver. There were several attempts by sellers to force prices to break down, but from the price action there appeared to be buyers waiting for the opportunity. The result was that yesterday gold rallied ... Read More »

Hungary’s forint trading hits 15 months high of 296.17

BUDAPEST: The forint moved between 296.17, a 15-month high, and 298.62. The forint was trading at 296.94 to the euro late Wednesday on the interbank forex market, up from 298.37 late Tuesday. A steady stream of small interest rate cuts by Hungaryʼs central bank will not do much to weaken the forint, traders and analysts say. “We shouldnʼt forget that ... Read More »

Zimbabwe loses $12b due to illegal diamond trading

HARARE: Zimbabwe has lost an estimated $12 billion through illegal trade involving multinational companies from rich countries involved in the mining sector here. The amount siphoned off is enough to pay off the country’s total debt – estimated at just under $10 billion. A new report, entitled Capital Flight, Natural Resources and Institutions in Zimbabwe and compiled by Zimbabwean researchers ... Read More »

Hong Kong authorities arrest 55 culprits for illicit goods trading

HONG KONG: Hong Kong police and immigration officers have nabbed 55 mainland visitors suspected of engaging in illicit parallel goods trading in a joint operation between Thursday and Saturday. Among the suspects were 23 men and 32 women aged between 20 and 70 years. They were arrested for breaching their conditions of stay by being involved in suspected parallel goods ... Read More »

Hong Kong authorities arrest 55 culprits for illicit goods trading

HONG KONG: Hong Kong police and immigration officers have nabbed 55 mainland visitors suspected of engaging in illicit parallel goods trading in a joint operation between Thursday and Saturday. Among the suspects were 23 men and 32 women aged between 20 and 70 years. They were arrested for breaching their conditions of stay by being involved in suspected parallel goods ... Read More »

Hong Kong authorities arrest 55 culprits for illicit goods trading

HONG KONG: Hong Kong police and immigration officers have nabbed 55 mainland visitors suspected of engaging in illicit parallel goods trading in a joint operation between Thursday and Saturday. Among the suspects were 23 men and 32 women aged between 20 and 70 years. They were arrested for breaching their conditions of stay by being involved in suspected parallel goods ... Read More »

Belgium: Fortum Co pays EUR 38m taxes in 3 years

BRUSSELS: The authorities audited Fortum’s financing companies in Belgium and Holland for 2008 – 2011. For these years, Fortum has paid approximately EUR 38 million in taxes to Belgium and EUR 16 million to Holland on interest income in accordance with the local tax regulations. Fortum has received from the Finnish Tax Administration a non-taxation decision regarding activities in the ... Read More »

Midday: KSE sticks to clinch 32,000pts mark as 100-index gains 43pts

KARACHI: Karachi Stock Exchange (KSE) 100-index Tuesday kept its upward rally to grab the landmark stage of 32,000 points and up by o.13 per cent, gaining 42.76 points to reach 31745.55 points, with total volume of 91,995,580 shares till midday. The benchmark KSE 100-index witnessed variation as it opened with positive note, gaining 83.99 points or +0.26pc to reach 31786.78 ... Read More »

Dollar sheds 30 paisa in open market to stand at 101.45

KARACHI: Pakistani rupee Friday gained remarkable value against US dollar in open market, but depreciated in interbank. As per the currency market, the US dollar shed 30 paisa in open market to stand at 101.45 and gained 10 paisa in interbank to reach 101.6 on the last trading day. On Thursday, the greenback lost 10 paisa in interbank to reach ... Read More »

Midday: KSE slips 0.36pc, 100-index drops 113 pts to reach 31329 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index further shed 112.71 points or 0.36 per cent to reach 31329.11 with the total volume of 78,361,130 shares on Friday. Earlier, benchmark KSE 100-index lost 94.65 points or 0.30 per cent to reach 31347.17 points on the last trading day. The bullish spree broke yesterday when KSE closed losing 187.38 points or 0.59% ... Read More »

Dollar at 115.24 against yen, rises to 7-year high in Asia

TOKYO: Having pro-business policies, Republicans’ victory in the US midterm elections led the dollar to seven-year high above against yen on Thursday in Asia. In Tokyo midday trading, the greenback rose to 115.24 yen, well up from 114.69 yen in New York Wednesday and at levels last seen in late 2007. The euro was at $1.2486 against $1.2484 in New ... Read More »

Rupee strengthens in open market

KARACHI: Pakistani rupee gained value against US dollar in open market, but remained unchanged against in interbank on Friday, the last day of trading week. As per the local currency market, US dollar lost 15 paisas in open market to stand at 103.3 and remained steady at 103 in interbank. On Thursday, greenback witnessed no change in its value in interbank ... Read More »

Midday: 133pts gain keeps KSE above 30,000 level

KARACHI: The Karachi Stock Exchange (KSE) 100-index Thursday maintained positive note of early trading amid reports that the government is going to slash petroleum prices by Rs14 per litre. Benchmark KSE 100-index gained 133.43 points to reach 30246.67 points with the total volume of 42,072,860 shares till midday. Earlier, the country’s biggest stock market started with positive note, recouping two ... Read More »

Midday: KSE 100-Index maintains upward rally

KARACHI: Started with positive note, the Karachi Stock Exchange (KSE) 100-index witnessed variation in trading till midday as the index observed highest trading of 30247 points and lowest trading of 30098 points. The KSE index gained 27.68 points to reach 30126.17 points with total volume of 41,749,800 shares on the fist day of trading week. Earlier, benchmark KSE 100-index gained ... Read More »

US dollar increases to Rs103.45, crosses SBP barrier

KARACHI: Crossing the barrier set by the State Bank of Pakistan (SBP), the US dollar increased to Rs103.45 at a six-month high. Most of the trading was done at Rs103.20 though the US currency slipped slightly below Rs103 in the second half. Dollar’s demand from importers has been rising, but the central bank was defending the value of rupee. In ... Read More »

Midday: KSE in bid to recoup losses

KARACHI: After five consecutive bearish days, Karachi Stock Exchange 100-Index Tuesday witnessed positive rally and gained 73.37 points to reach 29784.49 points with the total volume of 32,154,400 shares till midday. Earlier, benchmark KSE 100-Index took a good start and gained 142 points to reach 29853.55 stage with the total volume of 16,142,400 shares. The index observed the highest trading ... Read More »

Midday: Volatility persists as KSE sheds 61 points

KARACHI: Continuing volatility of early trading, Karachi Stock Exchange (KSE) 100-index even could not come out of the pressure till midday, shedding 61.81 points to reach 29821.29 points with the total volume of 22,187,280 shares on the first trading day on Monday. The KSE once in the morning trading plummeted to 29766 and also went up to 29927 points. In ... Read More »

Opening: KSE 100-Index remains volatile in early trading

KARACHI: Karachi Stock Exchange (KSE) 100-index remained volatile in early trading on first session of the first trading day on Monday. KSE once in the morning trading plummeted to 29776 and also went up to 29927 points. The market shed 4.15 points to reach 29878.95 points with total volume of 4,716,500 shares till 9:45am. In the previous week, benchmark KSE 100-index opened ... Read More »

Midday: KSE gives up early gains

KARACHI: The Karachi Stock Exchange (KSE) 100-index witnessed low trading and gain just 5.59 points to reach 29988.04 points with total volume of 49,437,800 shares till midday on Friday, the last day of trading. Earlier, benchmark KSE 100-index took a good start and once again crossed the psychological barrier of 30,000, gaining 155.89 points to reach 30138.34 with volume of ... Read More »