Gold steady; U.S., Europe data eyed | HALALTAMWEEL.COM

Gold steady; U.S., Europe data eyed

2/1/2012 12:28:54 PM

SINGAPORE: Gold was steady on Wednesday after ending January with its biggest monthly rise since August, while investors eyed more data from the world's key economies for trading cues after China released a better-than-expected manufacturing survey number.

China's official Purchasing Managers' Index showed the manufacturing sector expanded modestly in January, with the index reading inching up to 50.5 from 50.3 in December, above a 49.5 reading forecast.

CSL top stock in Australia's first Islamic index | HALALTAMWEEL.COM

CSL top stock in Australia's first Islamic index

2/1/2012 12:53:54 PM

The Australian financial services sector has taken another step in wooing regional investment through the creation of an Islamic equities index.

The Thomson Reuters Crescent Wealth Islamic Australia index launched today to tap the burgeoning Islamic-financemarket domestically and abroad. The index is made up of 143 stocks filtered to exclude banking and traditional financial shares in favour of companies whose businesses meet Islamic principals.

Pakistan Jan CPI up 10.10pct yr/yr | HALALTAMWEEL.COM

Pakistan Jan CPI up 10.10pct yr/yr

2/1/2012 12:55:17 PM

KARACHI: Pakistan's consumer price index (CPI) rose 10.10 percent in January from a year ago, the Pakistan Bureau of Statistics said on Wednesday.

That was slightly higher than analysts' expectations for a 10 percent inflation rate in January, according to a Reuters poll.

Saudi Arabia may emerge as regional stock market hub | HALALTAMWEEL.COM

Saudi Arabia may emerge as regional stock market hub

2/1/2012 1:10:55 PM

Saudi Arabia is taking far-reaching steps toward opening its equity market to foreign participation, allowing overseas companies to list their shares on the kingdom’s bourse and fine-tuning proposals to permit foreign direct investment in domestic stocks.

The moves, if they go through, could help turn Saudi Arabia into a stock market hub for the Gulf region, attracting new investment and reviving trading in the shares of regional companies that decide to cross-list on the actively-traded Saudi market.

Cheers to ATRL, profits surged by 55pct | HALALTAMWEEL.COM

Cheers to ATRL, profits surged by 55pct

2/1/2012 1:29:22 PM

KARACHI: The net profits of Attock Refinery Limited (ATRL) surged by sizzling 55 percent to Rs 2,322.00 million during the first half of the financial year 1HFY12 against Rs 1,502.15 million recorded in the same period last year.

The oil refinery company posted healthy financial result owing to better product mix with higher weightage of High Speed Diesel (HSD) and Motor Spirit (MS) which contributed to strong earnings growth in its refinery operations in 1HFY12.

Mum, Why Islamic Finance? | HALALTAMWEEL.COM

Mum, Why Islamic Finance?

2/1/2012 11:02:26 AM

Rushdi Siddiqui

There are two lasting bequests we can give our children. One is roots. The other is wings. - Hodding Carter

LET'S take a break from Sukuk structuring and stock screening, and talk about the children of parents in Islamic finance. They may well be the industry's future.

POL prices increased, effective from today | HALALTAMWEEL.COM

today

2/1/2012 9:53:04 AM

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Tuesday night issued revised prices of the petroleum products, which will be effective from from Wednesday (today).

According to a notification issued here, petrol product prices went up by 6 percent per litre. The new prices of Motor Spirit and HOBC would be Rs. 94.91 and Rs. 118.20 per litre respectively.