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Global stocks rally on Europe hope, euro slip - 0 views

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    NEW YORK: Global equities rose for a fourth straight day on Friday, but the euro slid as hope Europe was finally getting a grip on the region's debt crisis was offset by lingering fears Greece is still at risk of default.
Halal Tamweel

Pakistani rupee hits fresh record low against dlr - 0 views

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    KARACHI: The Pakistani rupee hit its second record low against the dollar in two days on Friday, touching 87.92 on increased import payments and pessimism about the country's economic outlook before firming to 87.75/78 at the close.
Riffat Mughal

Pakistan gold prices down - 0 views

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    KARACHI: Gold rates in Pakistan dropped on Tuesday in major bullion markets of the country despite nominal rise in international gold rates. Gold prices in Karachi went down by Rs 600 per tola and recorded at Rs. 60,100 per tola (11.66 grams). The price of 10 grams gold was also declined by Rs 514 to Rs. 51,514.
Riffat Mughal

KMI lost 81.41pts over global stocks meltdown - 0 views

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    KARACHI: The Halal stocks index KMI 30 went up by 81.41 points on Friday to close at 21,122.57 points as against 20,819.35 points, the closing figure of the previous session.
Riffat Mughal

High paid-up-capital necessary for sound financial system says Hasnain - 0 views

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    KARACHI: Syed Samar Hasnain, Director, Agricultural Credit & Microfinance Department, State Bank of Pakistan said that the paid up capital requirement set by the central bank for the microfinance banks is high. But it is necessary at the same time to ensure a sound financial system.
Riffat Mughal

Pakistan cotton faces further rate cut - 0 views

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    KARACHI: Pakistan cotton rates continued its downward trend on the back of higher influx of seed cotton and phutti arrivals however trading remained range bound at cotton market on Thursday.
Halal Tamweel

Pakistani rupee firms against dollar - 0 views

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    KARACHI: The rupee firmed on Tuesday to close at 87.42/52 to the dollar, compared with Monday's close of 87.43/53 but dealers expect pressure on the rupee due to negative sentiment surrounding the country's economic outlook.
Riffat Mughal

Pakistan gold prices recorded at Rs 56,200/tola - 0 views

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    KARACHI: Gold rates in Pakistan jumped up on Tuesday in major bullion markets of the cities followed by the rally in international market.
Riffat Mughal

Islamic finance industry facing challenges - 0 views

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    DUBAI: Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lacklustre interest among Islamic institutional investors, said Jahangir Aka, senior executive officer at asset management firm SEI Investments.
Halal Tamweel

Range-bound trading likely at KMI - 0 views

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    KARACHI: Market is expected to remain range bound as the investors will adopt precautionary measures and prefer to be sideline ahead of monetary policy.
Riffat Mughal

Active trade at cotton market after policy rate slash - 0 views

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    KARACHI: Traders participated in active trading on Monday over the news that State Bank of Pakistan has reduced policy rate by 150 basis points to 12 percent.
Riffat Mughal

Brisk buying further pushes cotton rates up - 0 views

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    KARACHI: Brisk buying by the mills and spinners pushed cotton prices further up. The prices at Karachi Cotton Association (KCA) surged by Rs 100 to Rs 6,300 on Saturday, dealers said.
Riffat Mughal

KMI Weekly: Index lost 984.69pts - 0 views

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    KARACHI: The Halal stocks KMI-30 share index went down by 984.69 points or 4.39 percent during the last week. KMI-30 Index closed at the level of 21,436.77 points as compared to the last week's closing level of 22,421.46 points.
Riffat Mughal

KMI Weekly: Index gains 652.60pts - 0 views

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    KARACHI: The Halal stocks KMI-30 share index went up by 652.60 points or 3 percent during the last week. KMI-30 Index closed at the level of 22,421.46 points as compared to the last week's closing level of 21,768.86 points.
Riffat Mughal

Pak-backed advisory firm launches Islamic Finance training projects in Bahrain - 0 views

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    MANAMA: Tajweez Advisory Co. WLL, the first Pakistani-backed advisory firm in Bahrain in the Islamic finance sector, has launched their Islamic Finance 360 training project at the Institute of Bankers Pakistan.
Riffat Mughal

Pakistan Islamic Banking windows total assets surge by 27.28pct - 0 views

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    KARACHI: Pakistan's Islamic banking windows of conventional banks continued to grow during the first half of the calendar year 2011 (1HCY11) with improved asset base. Total assets grew by 27.28 percent during the first half as the Islamic banking windows total assets stood at Rs 189.990 billion.
Halal Tamweel

Pakistan cotton prices up | HALALTAMWEEL.COM - 0 views

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    KARACHI: Pakistan cotton prices increased with improved volumes during trading session on Tuesday. Rates are expected to stay firm at current levels due to decline in unsold stock. In case of further increase in demand, rates may go up.
Halal Tamweel

KSE: Index rebounds sharply in Q1 | HALALTAMWEEL.COM - 0 views

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    KARACHI: The first quarter of the year 2012 remained the blessing for the investors at Karachi Stock Exchange (KSE) as the Index has rebounded sharply amid huge influx of retail investors in the market. The KSE-100 increased by 21 percent during first quarter (Jan-Mar), its highest gains in preceding 10 quarters.
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