KMI Weekly: Index went up by 263.42 points | HALALTAMWEEL.COM

KARACHI: The Halal stocks index KMI-30 gained 263.42 points or 1.09 percent during the week ended on 27 April, 2012. KMI-30 Index closed at the level of 24,382.23 points as compared to the last week's closing level of 24,118.81 points.




Foreign Investors' Portfolio Investment (FIPI) data reported by National Clearing Company of Pakistan Limited (NCCPL) revealed that net foreign inflow of $5.847 million or Rs 526.275 million was witnessed in Karachi Stock Exchange (KSE) during the week ended on 27 April, 2012 as compared to net foreign inflow of $8.149 million or Rs 733.439 million reported last week.

Pak Datacom earnings increased massively in 9MFY12 | HALALTAMWEEL.COM

KARACHI: Pak Datacom limited (PAKD) has posted profit of Rs 69 million in 9MFY12 which showed a massive increase when compared to last year where profits stood at Rs 6 million. The earning per share also swelled to Rs 8.82 during the period under review compared to Rs 0.78 in 9MFY11.

Highnoon profits swell by 16.67%YoY in 1QCY12 | HALALTAMWEEL.COM

Laboratories Limited (HINOON) has posted profit of Rs 21 million in 1QCY12 which showed an appreciation of 16.67 percent when compared to last year where profits stood at Rs 18 million. The earning per share also increased to Rs 1.14 during the period under review compared to Rs 0.98 in 1QCY11.


According to the financial results despatched to KSE here Friday, sales decreased by 13.26 percent to Rs 569 million in 1QCY12 while cost of sales declined by 21.23 percent to Rs 334 million. However, gross margin remained flat and portrayed a meager growth of 0.86 percent to Rs 235 million as compared to Rs 233 million in corresponding period of last year.

WB approves $550mln for Pakistan education and natural gas sector | HALALTAMWEEL.COM

ISLAMABAD: The World Bank's Board of Directors approved two projects worth US$550 million, aimed at supporting Pakistan's efforts to strengthen the education and natural gas sectors, which are critical to Pakistan's growth and development.

OGDCL announces dividend of 1.5/share, earnings shoot up | HALALTAMWEEL.COM

KARACHI: The net earnings of Oil & Gas Development Company Limited (OGDCL) shoot up by stellar 41 percent to Rs 69 billion during the first nine months (Jul-Mar) of the financial year 9MFY12 against Rs 49 billion recorded in the same period last year, says the notice sent by the company to Karachi Stock Exchange (KSE).

Bank Islami announces strong earnings improvement in 1Q | HALALTAMWEEL.COM

KARACHI: The Bank Islami disclosed the financial result of the first quarter ended Mar 31, 2012 with significant profitability growth, improved core banking operations and significant increase in other operating income.


Bank Islami has reported a net profit of Rs 92 million during the period of three months (Jan-Mar) as compared to net profits of Rs 49 million recorded in same period last year.

DIB Pakistan posts profit of Rs 52million | HALALTAMWEEL.COM

KARACHI: DIBPL posted NPAT of Rs 52 million [EPS=Rs 0.08] in 1QCY11, depicting a meager growth of 6.12%YoY. The main reason behind the growth is flatness in provisions against bad debts along with appreciation in net spread earned.


 During the reviewed period, the income from the core banking operations escalated by 20.28%YoY to Rs 1,299 million during 1QCY12 as compared to Rs 1,080 million recorded in 1QCY11. However, net interest expense has increased by 26.42%YoY to Rs 670 million during the same period..... Islamic Bank,Dubai Islamic earnings,DIB,Dubai Islamic bank 

Galaxy phones power Samsung to record $5.2bln profit | HALALTAMWEEL.COM

SEOUL: Samsung Electronics posted a record $5.2 billion quarterly profit as it shifted over 20,000 Galaxy smartphones an hour in January-March, outselling Apple's iPhone in a duel for the lucrative high end of the mobile industry.


Chairman Lee Kun-hee's South Korean group, whose $190 billion market value is 11 times that of Japanese rival Sony Corp, sold 93.5 million handsets in the first quarter - more than one in every four sold around the world - according to Strategy Analytics.Galaxy phones, international news, Samsung Electronics, Apple's iPhone

Brent slips toward $119, Spain downgrade revives euro zone woes | HALALTAMWEEL.COM

INGAPORE: Brent crude dropped on Friday to trade just above $119 a barrel on renewed fears about the state of the debt-ravaged euro zone economies following a downgrade of Spain's credit rating

But gains in the previous sessions, spurred by optimism the U.S. Federal Reserve would do what it needs to do to ensure recovery in the world's top economy is on course, have put Brent on track for a rise this week after dropping in the last two.Brent slips, brent crude news, brent prices, oil rates.

KESC bears net loss of Rs 4,956mln | HALALTAMWEEL.COM

KARACHI: The Karachi Electric Supply Corporation (KESC) has reported a net loss of Rs 4,956 million during the nine months (Jul-Mar) of the financial year as compared to Rs 5,417 million recorded in the same period last year, says the notice sent by the company to Karachi Stock Exchange (KSE).

KESC, KSE, 9MFY1, Karachi Stock news, market news, bears net loss

Pakistan gold rate surges to Rs 48,771 | HALALTAMWEEL.COM

KARACHI: Pakistan gold surged by Rs 129 to Rs 48,771 per 10 grams in the local market Thursday as its international price improved to $ 1,647 an ounce, market sources said.


 According to Karachi Saraf Association official, tola (11.664 grams) price also increased by Rs 150 to Rs 56,900.Pakistan gold rate, Gold news, Silver and gold price

Pakistani capital markets offer best opportunities for foreign investors | HALALTAMWEEL.COM

ISLAMABAD: The capital markets in Pakistan offer transparency, best price and efficient execution coupled with attraction for foreigners as equity market trades at discount as compared to regional valuations.


 Mr. Shahid Naseem and Mr. Imran Inayat Butt, of the Securities and Exchange Commission of Pakistan, said this while making a presentation this at an institute organized by the US Securities and Exchange Commission in Washington, DC.Pakistani capital, foreign investors , market news, Karachi stocks news

OGDCL announces dividend of 1.5/share, earnings shoot up | HALALTAMWEEL.COM

KARACHI: The net earnings of Oil & Gas Development Company Limited (OGDCL) shoot up by stellar 41 percent to Rs 69 billion during the first nine months (Jul-Mar) of the financial year 9MFY12 against Rs 49 billion recorded in the same period last year, says the notice sent by the company to Karachi Stock Exchange (KSE).



The management of the Oil & Gas Exploration Company also maintained trend of announcement of interim dividend payout by announcing cash dividend of Rs 1.5/share for the shareholders taking 9MFY12 payout to Rs 4.5/share.

Bhoja Airplane crash: A tragedy in the sky | HALALTAMWEEL.COM

By Noreen Shams

 The regrettable first journey of Bhoja Airlines from Karachi to Islamabad became a most harmful historical part of plane crashes in which 125 individuals have died

Global shares mark time ahead of Spanish bond test | HALALTAMWEEL.COM

TOKYO: Asian shares and the euro traded in tight ranges on Thursday ahead of a Spanish bond sale seen as a key test of investors' risk appetite amid renewed concerns over the euro zone's debt crisis.lobal shares, INTERNATIONAL NEWS, ASIAN SHARES, Spanish bond, Shares

Islamic finance set to surge | HALALTAMWEEL.COM

The Eurozone crisis and widespread protests against the global financial system present the $1 trillion Islamic the finance industry with a big opportunity to accelerate growth, Hussain Al Qemzi, chief executive of Noor Islamic Bank said.


 Speaking at the 2nd Annual Middle East Islamic Finance and Investment Conference on Wednesday, Al Qemzi said greater cooperation, rather than competition, between the Middle East’s Islamic financial institutions is necessary if the industry is to provide a real alternative to the conventional international banks operating in the region.

PEPCO exempts textile industry from load shedding | HALALTAMWEEL.COM

ISLAMABAD: The Director General of Pakistan Electric Power Company (PEPCO) Ejaz Rafiq Qureshi has said that on the instructions of the government, the textile industry has been exempted from load shedding.  PEPCO exempts textile industry from load shedding

Attock Petroleum posts rise in profits | HALALTAMWEEL.COM

KARACHI: Attock Petroleum Limited (APL) has posted profit of Rs 1,320 million in 9MFY12 which showed up surged of 30.31 percent when compared to last year where profits stood at Rs 1,013 million. APL,Attock Petroleum,Attock group of companies,Attock petroleum fianancials

Cotton prices up on foreign interest | HALALTAMWEEL.COM

KARACHI: Pakistan cotton prices increased amid improved volumes traded during trading session on Wednesday. Cotton prices followed the upward trend on the back of short supply and demand by foreign countries

Pakistan to achieve 4 percent growth rate: Hafeez | HALALTAMWEEL.COM

WASHINGTON: Pakistan's economy is expected to post a healthy growth of four percent during the current year after the democratic government in Islamabad took a series of steps to put the economic house in order, despite high oil prices and uncertain global eeconomic outlook, Finance Minister Dr Abdul Hafeez Shaikh said Wednesday. Pakistan economy, economy news, growth rate-Hafeez, heal

SECP adopted electronic data gathering system | HALALTAMWEEL.COM

SIALKOT: President Sialkot Chamber of Commerce and Industry (SCCI) Naeem Anwar Qureshi said that Security and Exchange Commission of Pakistan (SECP) was efficient and dynamic regulatory body by adopting revolutionary electronic data gathering systemn in the corporate sector.

Gas curtailment to smack FFBL earnings

KARACHI: As first quarter of year 2012 has come to an end, results announcement season has been started at Karachi Stock Exchange (KSE)

View more details : FFBL, FFBL financials,FFBL results,FFBL plant shutdonw

Cotton prices up despite low volumes

KARACHI: Pakistan cotton prices increased amid low volumes traded during trading session on Saturday. Rates are increasing on the back of decline in stocks of fine quality.

View more details : Cotton News , Cotton Price, Worlds News

Brent falls to $120 on China data, euro zone worries

SINGAPORE: Brent crude futures slipped towards $120 on Monday after weak growth numbers from China, the world's No. 2 oil consumer, and a surge in Spanish borrowing costs triggered worries about global economic growth and demand.

View more details : Brent crude, Brent News, Brent crude futures slipped towards

Mutual Fund industry sells $6.138mln worth of shares

KARACHI: According to National Clearing Company of Pakistan (NCCPL) data, Pakistan’s Mutual Fund industry was the net sellers of $6.138 million or Rs 552.503 million worth of shares during the week ended on April 13, 2012. Mutual funds were the net sellers of $4.222 million or Rs 379.985 million worth of shares during the week ended on April 06, 2012.

View more details : Mutual Fund news - $6.138mln worth of shares

Fruit, vegetables out of reach of common man

RAWALPINDI: Fruit and vegetables have gone almost out of reach for the common man due to its higher prices in the twin cities of Rawalpindi and Islamabad.

View more details : Fruit, vegetables, higher prices, petroleum, common man, Economic News

KMI Weekly: Index fell by 119.72 points

KARACHI: The Halal stocks index KMI-30 lost 119.72 points or 0.50 percent during the week ended on 13 April, 2012. KMI-30 Index closed at the level of 23,700.82 points as compared to the last week's closing level of 23,820.54 points.

View more details : KMI Weekly, Market news, Karachi Stocks

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OSK Investment gears for growth with more Islamic finance products

KUCHING: As one of the key Islamic players in the industry, the Islamic Banking division of OSK Investment Bank Bhd (OSK Investment) strives to coordinate its products to achieve the many needs of its clients while complying with the strict Islamic financial requirements.

View more details : OSK Investment gears for growth

India, Pakistan rice supplies to ease inflation fears

SINGAPORE: A rebound in rice supply from India and Pakistan this year will calm fears over food inflation faced by poor nations as cheaper grain from the South Asian neighbours corners a third of the global market.


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Pakistan India, trade, rice, Pakistan inflation, economic news, world news

Pakistan gold improves to Rs 48,728

KARACHI: Pakistan gold improved by Rs 43 to Rs 48,728 per 10 grams in the local market Tuesday as its international price increased to $ 1,650 an ounce,

KSE: Liquidity likely to prevail

KARACHI: The Karachi Stock Exchange (KSE) is likely to stay in mild bearish zone as bourse surges to near higher level of 14,000 points and provide enough room to cultivate gains. However, index is not expected to take a nose dive as investors are waiting for the implementation of reformed Capital Gain Tax (CGT) policy.


View More Details Click Here : Halal Stocks, Karachi Stocks News, Stocks

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Pakistan, USA agree to work together to create economic prosperity

ISLAMABAD: Pakistan and the United States agreed to go beyond security related relations and

to promote public private partnership in business and trade ties.


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Regulatory framework for Modaraba sector strengthened

ISLAMABAD: The regulatory framework for Modaraba sector has been strengthened after the joint session of the parliament approved the 2009 Modaraba Companies and Modaraba (Floatation & Control) Ordinance, (Amendment) Bill, said a statement issued by SECP on Tuesday.



View More Details Click Here : MODARABA, Regulation, Economic news

Al-Meezan bank delegation visits ISE

ISLAMABAD: In order to have a briefing on the stock market operations and investment procedures a group of officers from Al-Meezan Bank visited Islamabad Stock Exchange (ISE) on Monday.

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