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KARACHI: Al Baraka Bank Pakistan Limited (ABPL) has announced the launch of Al Baraka Business Plus Account. This is a new addition to its existing comprehensive product portfolio set on the basic principles of Mudaraba, tailored to suit the business needs.

KARACHI: As the first quarter of new financial year has come to an end, all listed companies on Karachi Stock Exchange (KSE) are busy in arranging their board meetings to consider the quarterly financial results.

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.

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.

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.

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.

NEW YORK: World stocks fell to 13-month lows and commodities tumbled on Thursday as weak data from China crystallized investor fears of a global recession one day after a grim economic outlook from the Federal Reserve.

KARACHI: On the back of higher demands Pakistan cotton prices witnessed modest gained on Wednesday as mills indulged in active trading. The Karachi Cotton Association (KCA) official spot rates moved up by Rs 100 to Rs 6,400 on Wednesday, dealers said.

KARACHI: The cotton prices at Karachi Cotton Association (KCA) remained intact at Rs 6,400 on Thursday.

KARACHI: Dull trading activities witnessed at cotton market amid higher phutti arrivals pushed cotton prices down on Saturday.

KARACHI: Active trading witnessed at Pakistan cotton market as both the mills and spinners participated in fresh buying on Wednesday.

SINGAPORE: Asian stocks, U.S. index futures and the euro fell on Wednesday as investors remained unconvinced that euro zone leaders have a coherent plan to tackle the bloc's sovereign debt problems, which many fear could trigger a new banking crisis.

KARACHI: Increased Phutti arrivals and panic selling by the ginners pushed Pakistan cotton prices further down in the market on Tuesday.

KARACHI: Brisk buying at cotton market pushed rates up. The prices at Karachi Cotton Association (KCA) surged by Rs 100 to Rs 6,200 on Friday, dealers said.

KARACHI: Brisk buying at cotton market pushed rates up. The prices at Karachi Cotton Association (KCA) surged by Rs 100 to Rs 6,200 on Friday, dealers said.

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.

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.

KARACHI: Brisk trading witnessed at Karachi cotton market on Saturday while spot rate remained unchanged. The Karachi Cotton Association (KCA) official spot rate remained intact at Rs 6,250 while physical prices were above Rs 6,600 and Rs 6,700 per maund, dealers said.

NEW YORK:U.S. crude surged to its highest level in more than two months on Monday, outpacing gains in Brent, as volatile trade in key spreads stole the limelight from upbeat Chinese data and optimism over the euro zone.

KARACHI: Cotton rates decreased over cautious trading mode adopted by the mills and spinners on Thursday as buyers indulged in range bound activities to observe the latest developments in the market.

KARACHI: Mills continuous buying at Pakistan cotton market push prices up on Monday. The Karachi Cotton Association (KCA) official spot rate increased by Rs 50 traded at Rs 6,300 while physical prices of fine lint were above Rs 6,600 and Rs 6,350 per maund, dealers said.

KARACHI: Cotton prices in Pakistan on Tuesday remained intact due to persistent phutti arrivals, dealers said.