Halal Tamweel

KARACHI: The spot rate at Pakistan cotton market lowered on Saturday as phutti arrivals pushed cotton prices down. The Karachi Cotton Association (KCA) official spot rate declined by Rs 100 to Rs 7,300 while physical prices were recorded at Rs 7,400 and Rs 7,450, dealers said.

SINGAPORE/SYDNEY: The euro got off to a rocky start on Monday, with its weakness gathering pace after a series of political setbacks in Europe over the weekend prompted a flight to safety.

KARACHI: The Halal stocks KMI-30 share index went up by 193.16 points or 0.95 percent during the last week.

HONG KONG: Asian stocks fell and the euro dropped 1 percent on Monday as investors fretted about European policymakers' fumbling attempts to solve their crippling sovereign debt crisis.

SINGAPORE: Brent crude slipped below $112 a barrel on Monday as Europe stumbled over attempts to solve the euro zone debt crisis, strengthening investor fears commodity demand growth may slow.

ISLAMABAD: World Bank has termed the economy of Pakistan, worst in the region which has been plunging down rapidly, said the recent report issued by World Bank.

International Commodities Rates

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has registered 277 companies in August, raising the total corporate portfolio to 59,761 companies.

KARACHI: The State Bank of Pakistan (SBP) has withdrawn the general provision requirements for loans extended by Microfinance Banks (MFBs) against gold or other cash collateral. In case of all other loans, SBP has reduced the general provision requirement for MFBs by 50 basis points.

KUALA LUMPUR: The Malaysian government investment arm Khazanah Nasional is planning to issue renminbi-denominated sukuk, making it the first-ever Islamic financing in Hong Kong's booming Dim Sum market, according to IFR.

DJIBOUTI: The Islamic Development Bank loaned Djibouti $8.5 million to help build a residential and commercial center in Djibouti City, the capital.

KARACHI: Pakistan does not have the intent to opt for another program of IMF loan as economy could bear the pressure alone to finance its budget deficit, said finance minister Dr. Hafeez Shaikh on Friday.

KARACHI: First Al-Noor Modaraba (Pvt.) Ltd profit after taxation reported outshined growth of 170.89 percent year on year (YoY) to Rs 29.892 million during the financial year 2011 (FY11) as compared to Rs 11.034 million in the previous year.

JAKARTA: Pakistan has agreed to lower its duty by 15 percent on Indonesian crude palm oil and its by products by January 2012, officials said.

KARACHI: Fazal Textile Mills Limited (FZTM) Board of Directors meeting will be held on Thursday, September 22, 2011 to consider the financial statements for the year ended June 30, 2011 said the notice issued by company to the Karachi Stock Exchange (KSE) on Friday.

KARACHI: The return of ginneries and arrivals of Phutti allowed Pakistan cotton market to witness brisk trading activities on Friday. The Karachi Cotton Association (KCA) official spot rate remained intact at Rs 7,400 while physical prices were recorded at Rs 7,450, dealers said.

NEW YORK: Global equities rose for a fourth straight day on Friday, but the euro slid as hope Europe was finally getting a grip on the region's debt crisis was offset by lingering fears Greece is still at risk of default.

KARACHI: Gold rates in Pakistan moved downward on Friday in major bullion markets of the country in line with fall in the international gold markets.

KARACHI: Shell Gas (LPG) Pakistan has posted a lower profit-after-tax of Rs 50.104 million during the year ending June 30, 2011 and declared a final dividend of Rs 1 per share.

KARACHI: The Pakistani rupee hit its second record low against the dollar in two days on Friday, touching 87.92 on increased import payments and pessimism about the country's economic outlook before firming to 87.75/78 at the close.