Halal Tamweel

KARACHI: Pakistan Telecommunication Company Ltd's (PTCL) overwhelming performance in Broadband business has upgraded the rank to 4th place among the top countries enjoying extensive broadband users, said the press release issued by the company on Tuesday.

KARACHI: Mari Gas Company Limited (MARI) has declared the "Closed Period" from September 19, 2011 to September 26, 2011 (both days inclusive) in a notice issued to Karachi Stock Exchange (KSE) on Tuesday.

KARACHI: Pakistan Refinery Limited (PRL) has declared "Closed Period" from September 6, 2011 to September 16, 2011 (both days inclusive) in a notice issued to Karachi Stock Exchange (KSE) on Monday.

KARACHI: The sales of automobiles in a country witnessed a steep decline of 31 percent in month of August because of weakening demand in country as compared with the previous month of July, according to the data released by Pakistan Automotive Manufacturers Association (PAMA).

KARACHI: Heavy rains in Karachi caused thin trading activities at cotton market on Tuesday. However, persistent rains in Sindh and Punjab pushed cotton prices up and expectations regarding further damage of crop make buyers cautious.

SINGAPORE: Spot gold held steady on Wednesday, as investors flocked to bullion for safe haven from fears of crisis contagion in Europe while technical weakness and a strong dollar weighed on prices.

SINGAPORE: Oil fell on Wednesday, pulling U.S. crude off six-week highs, as investors saw little upside from declining inventories in an environment where the euro zone debacle is taking precedence over tightening supply.

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: With clear weather today, market is likely to see increased activities. E&P sector would continue to drive interest. It is expected that the blue chip companies will remain active stocks.

KARACHI: The rupee firmed on Tuesday to close at 87.42/52 to the dollar, compared with Monday's close of 87.43/53 but dealers expect pressure on the rupee due to negative sentiment surrounding the country's economic outlook.

International Commodities Rates

KARACHI: Floods triggered by monsoon rains crippled Pakistan's biggest city and commercial hub of Karachi on Tuesday, with few people able to make it to work or school, officials said.

SINGAPORE: Oil fell by more than $1 on Monday as the dollar strengthened and investors shunned commodity risk because of Europe's deepening sovereign debt crisis, while economic gloom dampened the outlook for energy use.

SINGAPORE: Gold fell further on Monday after posting its worst closing since June last week but bargain hunters could cushion the fall, while escalating worries about Europe's ability to resolve its debt crisis sent bullion-priced in euro to record.

SINGAPORE: Asian stocks slid on Monday and the euro sank to a 10-year low against the yen, after the resignation of a top German European Central Bank board member cast further doubt on the region's ability to tackle its worsening sovereign debt crisis.

KARACHI: The Board of Directors of National Refinery Limited (NRL) has announced the company's financial performance for the year ended June 30, 2011 on Monday.

KARACHI: Attock Refinery Limited (ATRL) has reported healthy profits of Rs 2.185 billion as compared to Rs 0.126 billion in the previous year, mentioned in a notice issued by the company to Karachi Stock exchange.

KARACHI: Attock Petroleum Limited (APL) has declared a final cash dividend of Rs 30.00 per share, equivalent to 300 percent, mentioned in a notice issued by the company to Karachi Stock exchange on Monday.

KARACHI: Attock Cement (ACPL) has reported 33 percent yearly decline in Net Profit after Tax (NPAT) of the company, recorded at Rs 684.42 million as compared to Rs 1,016.68 million recorded in last year, according to a notice issued by the company to Karachi Stock Exchange (KSE) on Monday.

KARACHI: Persisting rains in Sindh damaged crop further, bad sewerage systems in the province not only created transportation problems but also damaged roads which caused late delivery of cotton at the market.