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Riffat Mughal

Buying in fertilizer scrips pushes KMI up - 0 views

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    KARACHI: Market is likely to be positive today over hike in urea prices as fertilizer stock is expected to continue the rally. Investors are bullish about the sector owing to high dividend expectations and seem to be less concerned about gas curtailment to the sector.
Riffat Mughal

KMI likely to witness selling pressure today - 0 views

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    KARACHI: The government's move to ban petroleum products export to Afghanistan likely to affect KMI index on Friday as market is expected to witness selling pressure.
Halal Tamweel

KMI gains 197.22pts; concerns over damage from floods remain - 0 views

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    KARACHI: The market is expected to remain range bound as the market is looking for positive triggers and concerns regarding the colossal damage to crops and infrastructure with diminished ability to seek foreign assistance poses questions about macroeconomic stability in months to come.
Riffat Mughal

Inflation likely to reverse after SBP decision - 0 views

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    KARACHI: The recent decision of State Bank of Pakisan (SBP) to bring flexibility in monetary stance could spur economic growth slightly but it is likely that inflation could again pick up its momentum due to expected increase in liquidity position, according to the Arif Habib research note.
Riffat Mughal

Trade among Islamic states to grow 20pct - 0 views

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    JEDDAH: The International Islamic Trade Finance Corporation (ITFC), an affiliate of the IDB Group, is making intense efforts to increase trade among members of the Organization of Islamic Cooperation (OIC) to 20 percent of their total trade by 2015. It has given $13 billion since 2008 to finance trade.
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.
Riffat Mughal

Shariah Finance: An Alternative In The Making - 0 views

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    While clinging to its present marginal position in the mainstream of global financial markets, Islamic banking and Islamic finance has a long way to go to transform itself into a major player, mainly through standardization, uniformity, governance, transparency and innovation, in addition to consolidation.
Riffat Mughal

APCNGA assures CNG supply to public transporters - 0 views

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    ISLAMABAD: The All Pakistan Compressed Natural Gas Association (APCNGA) has given assurance to the government to continue CNG supply to public transport during CNG gas holidays.
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

Pakistan gold improves to Rs 48,728 - 0 views

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    KARACHI: Gold rates in Pakistan improved by Rs 43 to close at Rs 48,728 per 10 grams in the local market Tuesday, as its international price also moved up to $ 1,718 an ounce, market sources said.
Riffat Mughal

Rupee slide continues for third day, records at 88.45 to dlr - 0 views

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    KARACHI: The Pakistani rupee's slide continued for a third day on Wednesday, with increased import payments, negative sentiment about regional currencies and a bleak outlook for the country's economy driving it to a record low of 88.45 to the dollar.
Riffat Mughal

Urea offtake down, DAP sales up - 0 views

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    KARACHI: Fertilizer offtake improved by nominal 4 percent YoY to 5.12 million tons during eight months of calendar year Jan-Aug as compared to 4.95 million tons in the same period last year, according to the latest figures disclosed by National Fertilizer Development Centre (NDFC).
Riffat Mughal

KMI likely to take U-turn on global stocks recovery - 0 views

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    KARACHI: Positive triggers and foreign institutional support is needed in the market amidst diplomatic tensions and political uncertainty. Since the market is following global trend recently, the movements in global markets will also be an important determinant shaping the course of the market. Market is expected to recover somewhat today after central bank's intervention to support the rupee.
Riffat Mughal

Bank Islami reports improved earnings - 0 views

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    KARACHI: Bank Islami has announced the financial results for the half year ended on Jun 30, 2011 and showed an immense recovery as compared to last year, according to the notice sent to Karachi Stock Exchange (KSE) on Tuesday.
Riffat Mughal

Dull trade at Pakistan cotton market - 0 views

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    KARACHI: Dull trade was witnessed at Pakistan cotton market as the sellers did not want to sell cotton at lower prices therefore they have adopted the strategy to hold their current positions which resisted cotton rates to decline further.
Riffat Mughal

LSM growth remained flat - 0 views

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    KARACHI: The month of July witnessed nominal growth in Large Scale manufacturing growth as it recorded growth of mere 0.68 percent to place the Quantum Index Numbers of the LSM Industries at 207.04 points as compared to 205.64 points in the corresponding period of the previous year, according to the latest statistics released by Federal Board of Statistics (FBS)
Halal Tamweel

Dubai Islamic launches online remittance solution - 0 views

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    KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has announced to provide online solution for foreign remittances to its potential customers, according to the press release issued by full fledge Islamic bank on Wednesday.
Halal Tamweel

Attock Cement reports earnings decline - 0 views

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    KARACHI: Attock Cement (ACPL) has reported 33 percent yearly decline in Net Profit after Tax (NPAT) of the company, recorded at Rs 684.42 million as compared to Rs 1,016.68 million recorded in last year, according to a notice issued by the company to Karachi Stock Exchange (KSE) on Monday.
Halal Tamweel

PPL confirms seeking entry in E&P activities in Iran - 0 views

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    KARACHI: Pakistan Petroleum Limited (PPL) confirmed here on Wednesday that it is interested to make an entry into an Exploration and Production business activities in Iran, according to the notice sent to the Karachi Stock Exchange (KSE).
Riffat Mughal

Sitara Peroxide reports healthy financial result - 0 views

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    KARACHI: The net profit of Sitara Peroxide Limited (SPL) recorded at Rs 166.25 million as compared to loss of Rs 179.145 million recorded in same period last year, according to the notice issued by company to Karachi Stock Exchange (KSE) on Tuesday.
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