Tuesday February 09, 2010 
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 Company News[1-1 of 1 stories]  
 Pakistan   |   World  

Bank: Packaging Solutions: PACKAGES LIMITED - Financial Statements Analysis 2003 Q 2008 - 2003 Q 2009

OVERVIEW (February 08, 2010): Established in 1956 as a joint venture between the Ali Group of Pakistan and Akerlund and Rausing of Sweden, Packages Limited provides premium packaging solutions for exceptional value to individuals and businesses.




INDUS MOTOR COMPANY LIMITED - Analysis of Financial Statements Financial Year 2001-1Q'10

OVERVIEW (February 06, 2010): Indus Motor Company Limited was incorporated in Pakistan as a public limited company in December 1989 and started commercial production in May 1993. Its shares are quoted on all the three stock exchanges of the country.




NetSol revenues increased 105 percent in second quarter
LAHORE (February 05, 2010): The revenues of the NetSol Technologies Ltd increased by 105 percent during the 2nd quarter of the financial year 2009-10 as compared with the corresponding period. According to a press statement issued by the NetSol Technologies on the financial results for 2nd quarter of 2009-10, the gross profit of the company has been increased by 67 percent to Rs 280.97 million as compared to 36 percent increase to Rs 73.17 million during the corresponding period of the last year.



LG Electronics posts highest fourth quarter earnings
KARACHI (February 04, 2010): LG Electronics Inc (LG) on Wednesday reported record revenues and operating profits in the fourth quarter of 2009, reflecting the results of the company's successful strategy and competitiveness during the current recession. Record sales and operating profits were reported for the three months ending December 31, 2009. Sales on a global basis (including LG's overseas subsidiaries) rose 6.8 percent to Korean won (KRW) 14.3 trillion ($12.2 billion) year-over-year.



PTCL profit increases to Rs 2.785 billion in second quarter
KARACHI (February 04, 2010): The profit after tax of Pakistan Telecommunication Company Limited (PTCL) has increased to Rs 2.785 billion in the quarter ended December 31, 2009 as compared to Rs 2.136 billion earned in the corresponding period in 2008. The board of directors of the company in its meeting held on Wednesday declared that the company's earning per share has increased to Rs 0.55 in the period under review against Re. 0.42 in the same period a year back.



Gas: MARI GAS COMPANY LIMITED - Analysis of Financial Statements Financial Year 2004 - 2001 Q 2010

OVERVIEW (February 04, 2010): MGCL is a Pakistani E&P company currently operating in the second largest gas fields in the country, located at Dharki, District Sukkur. The company is the third largest in the industry, holding 12.3% of the total oil and gas reserves of the country, preceded by OGDC and PPL. MGCL has the highest reserves life (28.8 years) in the industry.




PACRA assigns entity ratings to Fatima Fertiliser
KARACHI (February 03, 2010): The Pakistan Credit Rating Agency (PACRA) has assigned a long-term entity rating of' 'A' (Single A) and short-term entity rating of 'A1' (A One) to Fatima Fertiliser Company Limited. These ratings denote low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.



Bank: UNITED BANK LIMITED - Analysis of Financial Statements CY 2003 - 2003 Q 02 Bank 2009

OVERVIEW (February 03, 2010): UBL was established on November 7, 1959. It is engaged in commercial banking and related services in Pakistan and overseas (United States, Europe, and the Middle East). The bank has a total network of 1,118 branches in Pakistan including a branch at Karachi Export Processing Zone and 5 Islamic banking branches. The bank has 17 branches abroad (two new branches were opened in Qatar and Yemen in 2007). It is listed on all the three stock exchanges of the country.




Tobacco: LAKSON TOBACCO COMPANY LIMITED - Analysis of Financial Statements Financial Year 2003 - Q 2003 2009

OVERVIEW (February 02, 2010): The tobacco industry in Pakistan is oligopolistic in nature with two major players in the market; both belonging to the organized sector and a few minor players in the organized and many in the unorganized sector. The Lakson Tobacco Company is a part of the Lakson Group, which was founded in 1954. The company's major activity is the manufacture and sale of cigarettes in Pakistan.




Bank: MCB BANK LIMITED - Analysis of Financial Statements Financial Year 2003- 9 M 2009

OVERVIEW (February 01, 2010): MCB Bank is among the oldest banks of Pakistan. It was among those private banks, which were nationalised in 1974 after it was incorporated in 1947. Nationalisation had put a drastic impact on its performance as it affected the quality of loan portfolio and services. Eventually, it was privatised in 1991 and is currently owned by the Mansha group. Post-privatisation, MCB's focus has been on aggressive cost reduction.



  

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The Rupee
Interbank closing rates for dollar on Monday.
BuyingRs 84.94
SellingRs 84.97
Dollar moves both ways
8622.72  41.98
Sectoral Indices 
Market at Close
BRIndex-30 8,580.74
KSE-30 Index 10,209.42
KSE-100 Index 9,809.98
LSE-25 Index 3,067.66
ISE-10 Index 2,353.59
Gold Per 10gm 30,514.00
KCA Spot Rate 4,625.00
Libor Rate 0.38625
World Indices
Index Closing Chg%
DJIA 9,908.39 1.04
Nasdaq 2,126.05 0.70
S&P 1,056.74 0.89
FTSE 5,092.33 0.60
DAX 5,484.85 0.93
CAC-40 3,607.27 1.22
Nikkei 9,951.92 1.10
H.Seng 19,550.89 0.58
Sensex 15,935.61 0.13
NY Closing
Euro 0.7329
Sterling 0.6421
Swiss Franc 1.074
Yen 89.26
Gold 1066.20
Cotton 69.160
Oil 71.89
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyDecember
Trade Balance $-1.33 bln
Exports $1.58 bln
Imports $2.91 bln
WeeklyFebruary 08, 2010
Reserves $14.517 bln
 









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