Halal Tamweel

KARACHI: Sui Northern Gas Pipelines Limited (SNGPL) has declared the "Closed Period" from October 20, 2011 to October 31, 2011 (both days inclusive), in a notice issued to Karachi Stock Exchange (KSE) on Tuesday.

KARACHI: Maple Leaf Cement Factory Limited (MLCF) has declared the "Closed Period" from September 20, 2011 to September 27, 2011 (both days inclusive) in a notice issued to Karachi Stock Exchange (KSE) on Tuesday.

ISLAMABAD: Prices of Liquefied Petroleum Gas (LPG) has increased by 16 percent or Rs 13 per kilogram, notification issued by Oil and Gas Regulatory Authority (OGRA) on Tuesday.

KARACHI: Oil and Gas Development Company Limited (OGDC), a public listed oil and gas exploration company, has showed interest to enter into joint venture with Iranian companies.

KARACHI: According to the latest statistics released by Federal Bureau of Statistics (FBS), Consumer Price Index (CPI) fell to 11.56 percent on year on year basis in August 2011 against 13.8 percent recorded in previous month, which is much lesser than the market expectation.

SINGAPORE: Gold prices hovered around $1,800 an ounce on Wednesday, as worries about a worsening euro zone debt crisis supported the safe-haven sentiment, while investors awaited the conclusion of a U.S. Federal Reserve policy meeting for trading cues.

KARACHI: The spot rate at Pakistan cotton market lowered on Tuesday over phutti arrivals and ample supply pushed cotton prices down. The Karachi Cotton Association (KCA) official spot rate declined by Rs 300 to Rs 7,000 on Tuesday, dealers said.

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.

KARACHI: With inflation numbers on a downward trend, likelihood of a discount rate cut is increasing. The market is looking for positive triggers and foreign institutional support. Relaxation in policy rate in next MPS could also help bring positive activities in the market in coming days.

KARACHI: Gold rates in Pakistan dropped on Tuesday in major bullion markets of the country despite nominal rise in international gold rates. Gold prices in Karachi went down by Rs 600 per tola and recorded at Rs. 60,100 per tola (11.66 grams). The price of 10 grams gold was also declined by Rs 514 to Rs. 51,514.

SINGAPORE/HONG KONG: Asian stocks edged up and the euro clawed back lost ground as investors waited for the end later on Wednesday of a Federal Reserve policy meeting expected to announce further steps to stimulate the flagging U.S. economic recovery.

NEW DELHI/ISLAMABAD: Seasonal floods across South Asia have largely spared summer crops this year, helping meet output targets for key rice and cane harvests, but Pakistan could import more cotton after losing about two million bales of the fibre to rains.

KARACHI: Bank Alfalah Limited Pakistan (BAFL) Islamic business unaudited net assets surged by 13.63 percent during first half of the financial year 2011 (1HFY11) as it reached to Rs 5.473 billion as compared to audited net assets of Rs 4.817 billion on December 31, 2010.

ISLAMABAD: The Sensitive Price Indicator (SPI), for the lowest income group up to Rs.3,000 has registered a decrease of 0.11 percent for the week ended on September 15 over the previous week.

KARACHI: Karachi will face 10 hours of increased loadshedding as the gas supply to one of the power plants of Karachi Electric Supply Company (KESC) has been suspended, local TV channels reported on Monday.

KARACHI: The name of BOC Pakistan Limited has been changed to Linde Pakistan Limited, informed the notice issued to the Karachi Stock Exchange on Monday.

KARACHI: Pakistan National Shipping Corporation (PNSC) has declared the "Closed Period" from Thursday, September 20, 2011 to Friday, September 27, 2011, in a notice issued to Karachi Stock Exchange (KSE) on Monday.

KARACHI: First Prudential Modaraba total comprehensive income for the year grew by meager 0.74 percent year on year (YoY) to Rs 33.674 million during the financial year 2011 (FY11). Earnings per share remained intact at Rs 0.38 per certificate, revealed in a notice issued by the company to Karachi Stock exchange on Friday.

KARACHI: The net earnings of National Foods Limited (NATF) improved by 166 percent and recorded at Rs 230.59 million against Rs 86.56 million recorded in last year for the financial year ended Jun 30, 2011, according to a notice sent to Karachi Stock Exchange (KSE) on Monday.

SINGAPORE: Spot gold gained 0.8 percent on Monday, extending a 1.2-percent rise in the previous session, as worries about a worsening debt crisis in the euro zone drove investors to seek safety in bullion.