Halal Tamweel

TOKYO: Asian shares fell for a third straight day on Wednesday as investors reduced their risk positions due to uncertainty over global growth prospects and resurfacing worries about debt restructuring in struggling euro zone economies.

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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.

SINGAPORE: Malaysian palm oil futures climbed to an almost 13-month high on Wednesday, as traders continued to bet on a brighter demand outlook for palm oil following expectations of a smaller soybean crop in coming months. The U.S.

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.

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's Islamic banking windows of conventional banks continued to grow during the first nine months of the calendar year 2011 (9MCY11) with improved asset base. Net assets of the Islamic banking windows grew by 31.77 percent and stood at Rs 17.647 billion as on Sep 30, 2011 as against Rs 13.393 billion reported on Dec 31, 2010.

KARACHI: Higher foreign outflows from Karachi Stock Exchange (KSE) hurt sentiments of the market in the year 2011 are an alarming sign for investors going forward.

KARACHI: Lucky Cement Limited (LUCK) holds 19 percent market share in overall Pakistan's cement industry during the first quarter of financial year 2011-2012 (1QFY11-12).

KARACHI: Pakistan Petroleum Limited (PPL), the pioneer of the natural gas industry in the country intends to participate in the fourth Exploration Licensing Round in Iraq, mentioned in company's first quarter report of financial year 2012 (1QFY12).

KARACHI: Habib Metropolitan Bank Limited- Islamic banking business net assets surged by 26.93 percent during nine months of the calendar year 2011 (9MCY11).

DUBAI: Yields on Dubai's non-rated 6.396 per cent sukuk maturing in November 2014 surged 84 basis points last month to 6 per cent in Dubai, poised for the second-biggest monthly jump since state-owned holding company Dubai World sought to delay payments on $25 billion of debt in November 2009.

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.

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.

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.

The technical analysis showed that Halal Stocks KMI-30 share index would be bearish. Resistance around 21,291.70 resulted in a marginal break of 21,083.20 Support. Could adjust further to 20,999.65~20,874.70 area. We view last couple retreats as momentary reaction.

KARACHI: Diplomatic tensions with US, looming deterioration in international relations and lack of immediate support from IMF are putting investors off especially the foreign investors.

ISLAMBAD: Large Scale Manufacturing (LSM) production grew 3.6 percent in 1QFY12. The major push came from the growth in 65 industries, according to the statistics released by Federal Bureau of Statistics (FBS).

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.

The technical analysis showed that Halal Stocks KMI-30 share index would be bearish. Resistance around 21,374.79 resulted in a marginal break of 20,968.57 Support.