BULLS TOSS PSX INDEX TO FRESH PEAK A bullish trend continued on Pakistan Stock Exchange (PSX) on the last trading day of the year 2016. The benchmark KSE-100 Index rose by 140.31 points to close at all-time high of 47,806.97 points Friday. The Index hit 47,938.65 points intra-day high, however it failed to sustain this level due to selling in select stocks at the fag end. Daily trading volumes stood at 387.301 million shares as compared to 390.854 million shares traded Thursday. The market capitalization increased by Rs 59 billion to Rs9.628 trillion. Out of total 409 active scrips, 203…
Author: S. Kamal Hayder Kazmi
OIL FUTURES RETREAT FROM 17-MONTH HIGH Oil futures fell from the highest close in 17 months on Wednesday as an industry report was said to show US crude stockpiles climbed last week. Futures retreated 45 cents from the close after the American Petroleum Institute said late Tuesday that nationwide crude inventories rose 4.2 million barrels last week. West Texas Intermediate oil settled higher for an eighth straight session, capping the longest stretch of gains in seven years as optimism mounts that major producers will make good on output-cut pledges in January. [divider style=”normal” top=”20″ bottom=”20″] GOLD RATES RISE BY MOST…
ASIA-EUROPE CONTAINERS RATE GROWS Spot rates for shipping containers from Asia to northern Europe rose 4.3 percent to US$1,049 per TEU in the week ending Friday. Asia-Mediterranean trade increased 1.7 percent to $963 per TEU. Asia to the US west coast fell 4.2 per cent week-over-week to $1,541 per FEU while those to the east coast off 0.5 percent to $2,613 per FEU. [divider style=”normal” top=”20″ bottom=”20″] SOUTH KOREA’S SHIPBUILDERS FACE GLOOMY YEAR South Korea’s top three shipbuilders are expected to suffer from tough business conditions in 2017 with their orders likely to reach levels similar to this year. In…
[dropcap]E[/dropcap]VA AS A PRODUCTIVITY MEASURE UNTIL A BUSINESS RETURNS A PROFIT THAT IS GREATER THAN ITS COST OF CAPITAL, IT DOES NOT CREATE WEALTH, IT DESTROYS IT. Measuring total-factor productivity is one of the major challenges confronting the executive in the age of knowledge work. For manual work, measuring quantity is usually sufficient. In knowledge work, we have to manage both quantity and quality, and we do not know yet how to do that. We must try to assess total-factor productivity using the common denominator of revenues and expenses. By measuring the value added over all costs, including the cost…