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Riffat Mughal

KSE witnesses foreign outflows of $2.33mln - 0 views

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    KARACHI: Foreign Investors' Portfolio Investment (FIPI) data reported by National Clearing Company of Pakistan Limited (NCCPL) revealed that massive outflow of $2.333 million or Rs 202.977 million was witnessed from Karachi Stock Exchange (KSE) during the week ended on December 2, 2011 as compared to net foreign outflows of $3.845 million or Rs 334.566 million reported last week.
Riffat Mughal

Mutual Fund industry sold $3.143mln worth of shares - 0 views

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    KARACHI: According to National Clearing Company of Pakistan (NCCPL) data, Pakistan's Mutual Fund industry was the net sellers of $3.143 million or Rs 273.513 million worth of shares during the week as against net buyers of $2.666 million or Rs 231.953 million worth of shares during the week ended on November 25, 2011.
Riffat Mughal

KMI Weekly: Index lost 676.72pts - 0 views

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    KARACHI: The Halal stocks KMI-30 share index remained under pressure throughout the week as it lost massive 676.72 points or 3.41 percent in the absence of positive triggers.
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

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

Dubai's Tamweel plans up to $500mln Sukuk in Q4 - 0 views

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    DUBAI: Islamic mortgage lender Tamweel, whose shares resumed trading in May, will issue a $300-$500 million sukuk, or Islamic bond, in the fourth quarter, the acting chief executive of the Dubai-based company said on Tuesday.
Riffat Mughal

KMI Weekly: Index gains 190.73pts - 0 views

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    KARACHI: The Halal stocks KMI-30 share index went up by 190.73 points or 0.90 percent during the last week.
Halal Tamweel

KMI Weekly: Oil & gas stocks lead KMI - 0 views

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    KARACHI: The Halal stocks KMI-30 share index went up by 373.02 points or 1.86 percent during the week.
Halal Tamweel

Saudi Aramco, Total venture to raise $1 bln sukuk - 0 views

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    RIYADH: Saudi Aramco and France's Total are set to issue up to 3.75 billion Saudi riyals ($1 bln) in Islamic bonds, or sukuk, with final pricing expected by the end of the month, lead arrangers said on Tuesday.
Riffat Mughal

Dubai's Nakheel trade creditors keen to sell Islamic bond - 0 views

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    DUBAI: Trade creditors holding the recently issued first tranche of troubled developer Nakheel's five-year Islamic bonds, or sukuk, are inviting bids for the paper, but buyers are so far limited, traders said.
Riffat Mughal

LPG price goes up by Rs 13/kg - 0 views

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    ISLAMABAD: Prices of Liquefied Petroleum Gas (LPG) has increased by 16 percent or Rs 13 per kilogram, notification issued by Oil and Gas Regulatory Authority (OGRA) on Tuesday.
Riffat Mughal

KMI Weekly: KMI gains 193.16pts - 0 views

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    KARACHI: The Halal stocks KMI-30 share index went up by 193.16 points or 0.95 percent during the last week.
Halal Tamweel

SBP withdraws gold and cash collateral requirement for MFBs loans - 0 views

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    KARACHI: The State Bank of Pakistan (SBP) has withdrawn the general provision requirements for loans extended by Microfinance Banks (MFBs) against gold or other cash collateral. In case of all other loans, SBP has reduced the general provision requirement for MFBs by 50 basis points.
Halal Tamweel

Heavy rains paralysis Karachi - 0 views

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    KARACHI: Floods triggered by monsoon rains crippled Pakistan's biggest city and commercial hub of Karachi on Tuesday, with few people able to make it to work or school, officials said.
Riffat Mughal

Market Mechanism: Useful or Useless? - 0 views

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    As per Islam, this world is a place for test and this test requires some people to be privileged and some to be deprived so that people can meet their needs interdependently.
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.
Riffat Mughal

Remittances surge by 25 percent to $3.3bln - 0 views

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    KARACHI: The overseas Pakistani workers remitted an amount of $ 3,297.20 million in the first quarter (July - September) of the current fiscal year 2011-12 (FY12), showing a growth of 24.60 percent or $ 650.9 million compared with $ 2,646.30 million received during the same period of last fiscal year (July- September 2010).
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

Islamic Credit Cards: A Necessity or Luxury - 0 views

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    Islamic never encourages one to become indebted unless it is necessary. Following Ahadith show the viewpoint of Islam on debt creation, especially while it is beyond one's capacity to repay and to what extent it should be avoided and used to meet only one's necessary requirements.
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