SINGAPORE: Asian stocks slid on Monday and the euro sank to a 10-year low against the yen, after the resignation of a top German European Central Bank board member cast further doubt on the region's ability to tackle its worsening sovereign debt crisis.

KARACHI: The Board of Directors of National Refinery Limited (NRL) has announced the company's financial performance for the year ended June 30, 2011 on Monday.

KARACHI: Attock Refinery Limited (ATRL) has reported healthy profits of Rs 2.185 billion as compared to Rs 0.126 billion in the previous year, mentioned in a notice issued by the company to Karachi Stock exchange.

KARACHI: Attock Petroleum Limited (APL) has declared a final cash dividend of Rs 30.00 per share, equivalent to 300 percent, mentioned in a notice issued by the company to Karachi Stock exchange on Monday.

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.

KARACHI: Persisting rains in Sindh damaged crop further, bad sewerage systems in the province not only created transportation problems but also damaged roads which caused late delivery of cotton at the market.

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

KUALALUMPUR: Malaysia, Islamic personal loans hovered as customers' utilized telephone for their financing. Al Hadj Azahari Pawan Teh- Chief Operating Officer IDOTTV said, "Loans backed by airtime business currently expanded to 1 million ringgit but this business is expected to expand to 100 million ringgit per day in upcoming year."

KUALA LUMPUR: Banks from Japan to Bahrain plan to set up offices in Malaysia to take advantage of the growth in Islamic finance assets in the world's biggest sukuk market.

JOHANNESBURG: South Africa's Absa Group has acquired Takaful, the only firm offering Islamic insurance in Africa's biggest economy, for an undisclosed amount, Business Day newspaper said on Friday, citing an Absa executive.

MUSCAT: Capital Market Authority (CBA) Oman permitted Sarasin-Alpen, the leading Swiss Bank to offer Islamic advisory services in Oman Sultanate.

ISTANBUL: Turkey's Islamic banks could continue their recent strong growth if they can cultivate stronger ties with their international owners and create a sustainable brand image, in Standard & Poor's Ratings Services' view.