Halal Tamweel

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.

KARACHI: Pakistan gold rates continuously falling in major bullion markets of the country following decline in the international gold markets as European countries are striving hard to stimulate the economy.

KARACHI: Market is looking for positive triggers and foreign institutional support amid diplomatic tensions and political uncertainty. Circular debt issue again hovering over oil stocks. Market is expected to recover somewhat today after last day decline.

WASHINGTON: Pakistan will have no trouble repaying a loan from the International Monetary Fund, its finance minister said on Monday, even though the country's economy has been hurt by heavy rains and floods.

International Commodities Rates

SINGAPORE: Asian shares and the euro fell on Monday as investors reacted cautiously to reports that European leaders were working on new ways to stop the fallout from the euro zone sovereign debt crisis wreaking more damage on the world economy.

KARACHI: Lower cotton prices attracted mills to indulge in active buying and higher influx of phutti and seed cotton encouraged growers and farmers to sell at current prices on Saturday.

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.

International Commodities Rates

KARACHI: Pakistan's broad money (M2) grew by 15.89 percent year on year (YoY) to Rs 917.961 billion during FY11 as against 12.46 percent YoY to Rs 640.015 billion in FY10, State Bank of Pakistan (SBP) provisional data revealed.

KARACHI: Bank Al Habib Islamic banking branches unaudited net assets surged by 65.08 percent during first half of the financial year 2011 (1HFY11) as it reached to Rs 1.086 billion as compared to audited net assets of Rs 0.657 billion on December 31, 2010.

WASHINGTON: A delegation from International Monitory Fund (IMF) would visit Pakistan in November informed Finance Minister Dr Abdul Hafeez Sheikh on Saturday.

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.

Those who devour usury will not stand except as stand one whom the Evil one by his touch hath driven to madness. That is because they say: "Trade is like usury," but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord, desist, shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (The offence) are companions of the Fire: They will abide therein (for ever) (275:2)

KUALALUMPUR: Khazanah Nasional- Malaysian state investment agency postponed its debut Rmb 300 million dim sum sukuk on back of severe volatile financial markets conditions.

KARACHI: The Sui Northern Gas Pipelines (SNGPL) is planning to partially shut down Qadirpur gas field for maintenance of compressors and other gas fields, which could disrupt the supply of gas provided to the SNGPL network.

KARACHI: Growers concerns have been rising as the cotton market continued its downward trend on the back of higher influx of seed cotton and phutti arrivals on Friday.

ISLAMABAD: Export of fish and fish preparations increased by 10.10 percent during the first two months of the current fiscal year (2011-12) compared to the exports of the same period of last year.

KARACHI: The earnings of Suraj Cotton Mills Limited (SURC) remained flat for the year ended Jun 30, 2011.

KARACHI: Pakistan gold rates dropped significantly on Friday in major bullion markets of the country following decline in international gold market amid concern over international economy and debt fears.