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Riffat Mughal

Islamic Equity Funds: Net assets decline by 4.17pct in August - 0 views

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    KARACHI: Pakistan's key Islamic equity funds performance remained low during the month of August, 2011 as the cumulative net assets of the four major Islamic equity funds fell by 4.17 percent Month-on-Month (MoM) to Rs 5,174.501 million as at August 31, 2011 from Rs 5,399.576 million as at July, 2011.
Riffat Mughal

Gold extends gains as equities drop - 0 views

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    SINGAPORE: Gold rose further on Monday as falling equities and lingering worries about a debt crisis in Europe drew investors to the metal, but a firm U.S. dollar could cap gains.
Riffat Mughal

Islamic Finance: Need for a Paradigm Shift - 0 views

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    The original concept of Islamic finance is undoubtedly in favor of equity participation rather than creation of debts because it is only equity participation that brings an equitable and balanced distribution of wealth in the society.
Halal Tamweel

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

Gold extends losses on eurozone debt hopes - 0 views

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    SINGAPORE: Gold slipped more than half a percent on Thursday after equities rose and the euro ticked up on optimism over tentative steps by European policy makers to resolve and limit the region's debt crisis.
Riffat Mughal

Gold drops 1 pct after Italy, Spain downgraded - 0 views

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    NEW YORK/LONDON: Gold fell around 1 percent on Friday, as bullion investors raised cash to cover margin calls amid losses in the equity markets after Fitch downgraded the credit ratings of Spain and Italy.
Halal Tamweel

Gold heads for biggest weekly gain since Sept - 0 views

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    SINGAPORE: Gold headed for its biggest weekly gain in a month as equities regained strength after fresh efforts by Europe to resolve its debt crisis eased nagging worries about a global recession, while purchases from jewelers offered additional support.
Halal Tamweel

Shares retreat as FED minutes soften stimulus bias | HALALTAMWEEL.COM - 0 views

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    TOKYO: Asian shares fell on Wednesday after the minutes from the U.S. Federal Reserve's March meeting reduced expectations of further stimulus measures to spur growth, leaving investors looking for more clues to the global economic outlook. European equity markets will likely follow the weak Asian mood, with financial spread betters predicting major European markets to open as much as 0.8 percent lower.
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    TOKYO: Asian shares fell on Wednesday after the minutes from the U.S. Federal Reserve's March meeting reduced expectations of further stimulus measures to spur growth, leaving investors looking for more clues to the global economic outlook. European equity markets will likely follow the weak Asian mood, with financial spread betters predicting major European markets to open as much as 0.8 percent lower.
Riffat Mughal

U.S. gold gains 1pct on euro; equities weigh - 0 views

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    SINGAPORE: U.S. gold futures gained 1 percent to above $1,630 an ounce on Wednesday, driven by a return to bargain hunting after prices dropped the previous day, while purchases from jewellers helped the precious metal shrug off a volatile euro.
Halal Tamweel

Crescent Wealth launches Australia's first Islamic investment option - 0 views

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    CANBERA: Crescent Wealth, Australia's first Islamic wealth manager, have announced the launch of the nation's first Islamic Australian equity fund creating a new opportunity in the superannuation industry, and tapping the potential for Australians to access the $1.4 trillion global Islamic financial services market.
Riffat Mughal

KMI lost as market takes technical correction KMI kmi KMI 30 kmi 30, Stocks Pakistan st... - 0 views

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    KARACHI: Likelihood of a discount rate cut is increasing and the market is looking for positive triggers and foreign institutional support. Relaxation in policy rate in next Monetary Policy could bring positive activities in the market in the upcoming days. Market is expected to recover today (Friday).
Riffat Mughal

KMI gains on inflation numbers - 0 views

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    KARACHI: With inflation numbers on a downward trend, likelihood of a discount rate cut is increasing. The market is looking for positive triggers and foreign institutional support. Relaxation in policy rate in next MPS could also help bring positive activities in the market in coming days.
Riffat Mughal

Active buying at Pakistan cotton market - 0 views

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    KARACHI: Lower cotton prices attracted mills to indulge in active buying and higher influx of phutti and seed cotton encouraged growers and farmers to sell at current prices on Saturday.
Riffat Mughal

KMI Weekly: Index gains 494.49pts - 0 views

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    KARACHI: The Halal stocks KMI-30 share index went up by 494.49 points or 2.40 percent during the last week. KMI-30 Index closed at the level of 21,122.57 as compared to the last week's closing level of 20,628.08 points.
Riffat Mughal

IMF delegation to visit Pak in November says Hafeez - 0 views

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    WASHINGTON: A delegation from International Monitory Fund (IMF) would visit Pakistan in November informed Finance Minister Dr Abdul Hafeez Sheikh on Saturday.
Riffat Mughal

Pakistan's broad money (M2) grew by 15.89 percent - 0 views

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    KARACHI: Pakistan's broad money (M2) grew by 15.89 percent year on year (YoY) to Rs 917.961 billion during FY11 as against 12.46 percent YoY to Rs 640.015 billion in FY10, State Bank of Pakistan (SBP) provisional data revealed.
Riffat Mughal

Pakistan Halal stocks fell 2.7pct in early trade - 0 views

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    KARACHI: The worsening relationship of Pakistan with United States has dampened the sentiments of local and foreign investors badly as the Halal Stock Index tumbled by 2.7 percent or 571.52 points in early trade on Monday.
Riffat Mughal

India withdraws veto on EU package for Pakistan - 0 views

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    ISLAMABAD: India on Wednesday announced withdrawal of its veto on a European Union Duty free programme for Pakistani products in World Trade Organization.
Riffat Mughal

KMI: Fertilizer & oil stocks to remain in limelight - 0 views

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    KARACHI: Fertilizer and oil stocks will remain in limelight with better expected dividend yield and improved sales. Market is expected to remain steady after rupee strengthening once again and signaling that macroeconomic outlook is not as bleak as was thought few days ago.
Riffat Mughal

OGDCL registers most successful ratio on exploration front - 0 views

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    ISLAMABAD: The Oil and Gas Development Company (OGDCL) has claimed to be the best exploration company worldwide for registering successful discoveries with finding one well productive out of four.
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