News Archives for Print - 2006-03-06

Hitachi develops elevator cars that circulate in loop

Japan's Hitachi says it has developed a new elevator system in which six to eight cars can circulate on a single loop, sharing the space conventionally used by two.

Published 06 Mar, 2006 12:00am

RBI fines three banks for IPO breaches

India's central bank said on Monday it had levied penalties on three banks for violating guidelines on initial public offerings and the holding of accurate client data.

Published 06 Mar, 2006 12:00am

RBI fines three banks for IPO breaches

India's central bank said on Monday it had levied penalties on three banks for violating guidelines on initial public offerings and the holding of accurate client data.

Published 06 Mar, 2006 12:00am

Fast profits elude foreign fund firms in China

Profits are likely years away for foreign fund managers rushing to set up shop in China, with the country's vast promise outweighed by fierce competition, slowly maturing markets and slim investment options.

Published 06 Mar, 2006 12:00am

Fast profits elude foreign fund firms in China

Profits are likely years away for foreign fund managers rushing to set up shop in China, with the country's vast promise outweighed by fierce competition, slowly maturing markets and slim investment options.

Published 06 Mar, 2006 12:00am

Wall Street complains compliance costs too high

Wall Street, after investigations into one-sided research, illegal mutual fund trades and other malfeasance, is complaining about the cost of what it calls "inefficient regulation."

Published 06 Mar, 2006 12:00am

Wall Street complains compliance costs too high

Wall Street, after investigations into one-sided research, illegal mutual fund trades and other malfeasance, is complaining about the cost of what it calls "inefficient regulation."

Published 06 Mar, 2006 12:00am

Insider fraud is rising problem for British banks

Bank staff pressured by criminal gangs to commit large-scale fraud against customers pose a rising problem for British banks and building societies, the industry said recently.

Published 06 Mar, 2006 12:00am

Insider fraud is rising problem for British banks

Bank staff pressured by criminal gangs to commit large-scale fraud against customers pose a rising problem for British banks and building societies, the industry said recently.

Published 06 Mar, 2006 12:00am

Wealthy investors eye alternative assets

Wealthy investors are using alternative assets such as hedge funds, private equity and real estate to diversify portfolios and generate higher returns, according to a survey released on February 27. The study done for Northern Trust Corp showed that 70 pe

Published 06 Mar, 2006 12:00am

Wealthy investors eye alternative assets

Wealthy investors are using alternative assets such as hedge funds, private equity and real estate to diversify portfolios and generate higher returns, according to a survey released on February 27. The study done for Northern Trust Corp showed that 70 pe

Published 06 Mar, 2006 12:00am

Citigroup cuts fixed-income jobs

Citigroup Inc, the world's biggest bond underwriter, said on March 03 it has cut fewer than 35 jobs from its 3,500-person global fixed-income workforce, and will use the savings to invest in faster-growing units.

Published 06 Mar, 2006 12:00am

Growing disclosure of US SEC probes seen haphazard

In the jittery post-Enron world, more and more companies are disclosing every twist and turn of US Securities and Exchange Commission investigations, without really knowing if they should, securities lawyers say.

Published 06 Mar, 2006 12:00am

Japan bourses agree to debate joint trading systems

Japan's major stock exchanges, plagued by a series of trading system errors, have agreed to step up talks on joint development of next-generation trading systems, the country's brokerage industry body said on March 02.

Published 06 Mar, 2006 12:00am

Japan bourses agree to debate joint trading systems

Japan's major stock exchanges, plagued by a series of trading system errors, have agreed to step up talks on joint development of next-generation trading systems, the country's brokerage industry body said on March 02.

Published 06 Mar, 2006 12:00am

Corporate credit database

China aims to establish a nation-wide credit database on corporate borrowers by the end of this June to help banks better assess their creditworthiness, a central bank official said on February 27.

Published 06 Mar, 2006 12:00am

Corporate credit database

China aims to establish a nation-wide credit database on corporate borrowers by the end of this June to help banks better assess their creditworthiness, a central bank official said on February 27.

Published 06 Mar, 2006 12:00am

Lehman appoints new head of corporate broking

Lehman Brothers has appointed Charles Donald, its head of European equity research, as head of corporate broking, the US investment bank said on February 28. Donald has been in his current job for the past two years and was deputy head of equity research

Published 06 Mar, 2006 12:00am

Lehman appoints new head of corporate broking

Lehman Brothers has appointed Charles Donald, its head of European equity research, as head of corporate broking, the US investment bank said on February 28. Donald has been in his current job for the past two years and was deputy head of equity research

Published 06 Mar, 2006 12:00am

Jaffer hits maiden century as Test fizzles to a draw

Indian opener Wasim Jaffer celebrated his comeback Sunday with a maiden Test century as the first Test against England ended in a hard-fought draw after a thrilling finale.

Published 06 Mar, 2006 12:00am

Flintoff hails young England side

England captain Andrew Flintoff praised his young side for showing character to draw the first Test against India on Sunday. "I'm proud of the lads," he told reporters. "Coming into this test match, a few things went against us.

Published 06 Mar, 2006 12:00am

Yuvraj returns for second Test

Middle-order batsman Yuvraj Singh has returned to India's squad for the second Test against England after recovering from a hamstring injury, the selectors announced Sunday.

Published 06 Mar, 2006 12:00am

Press laud Cook's debut century

British newspapers were united in praise of Alastair Cook after the Essex batsman marked his England debut with a century in the second innings of the first Test against India at Nagpur.

Published 06 Mar, 2006 12:00am

Vincent left out of Kiwis Test squad

Lou Vincent was a surprise omission from a 13-man New Zealand squad named on Sunday for the first test against the West Indies in Auckland this week.

Published 06 Mar, 2006 12:00am

UEFA consider use of two referees

European football governing body UEFA is to investigate the use of two referees in matches amid increasing claims of players faking injury. West Brom boss Bryan Robson on Saturday accused Chelsea's Didier Drogba of diving in the league leaders' 2-1 win.

Published 06 Mar, 2006 12:00am

Ponting leads Australia to win in comeback

Ricky Ponting made a triumphant return from injury when he captained Australia to a 24-run win over South Africa in the third one-day international at St George's Park here on Sunday.

Published 06 Mar, 2006 12:00am

Hewitt to meet Blake in Las Vegas final

Top seed Lleyton Hewitt saw off Paul Goldstein 3-6, 6-1, 6-0 in the last four of the Tennis Channel Open on Saturday, setting up a final clash with American James Blake.

Published 06 Mar, 2006 12:00am

Tiger Woods forges two clear at Doral

Tiger Woods, lifted by three straight birdies after the turn, took a two-stroke lead in his defence of the Doral Championship on Saturday. The world number one fired a four-under-par 68 in the third round amid bright sunshine at Doral's Blue Monster Cours

Published 06 Mar, 2006 12:00am

Real pressure no problem for Beckham: Eriksson

Sven-Goran Eriksson has backed England captain David Beckham to put his club concerns at Real Madrid to one side in time for the World Cup finals.

Published 06 Mar, 2006 12:00am

Guus Hiddink unlikely to stay as Aussies coach after World Cup

Dutchman Guus Hiddink is unlikely to remain in charge of the Australian team after June's World Cup finals in Germany, the Australian football federation said Sunday.

Published 06 Mar, 2006 12:00am

HEALTH UPDATE: excess internet use can lead to depression in young

Obsessive use of the internet by young people hits school results and often has a negative impact on social lives is well known, but now a new Dutch study has found evidence of depression.

Published 06 Mar, 2006 12:00am

HEALTH UPDATE: cocoa consumers have lower risk of disease

Men who consumed the most cocoa had a 50 percent lower risk of dying from disease compared to those who did not eat cocoa, Dutch researchers said on February 27.

Published 06 Mar, 2006 12:00am

HEALTH UPDATE: therapy improves quality of life in cancer

A series of therapy sessions designed to address all aspects of cancer patients' lives, from physical fitness to spiritual well-being, can help maintain and improve their quality of life.

Published 06 Mar, 2006 12:00am

HEALTH UPDATE: hyper-responsive airway may lead to asthma

Children with airway hyper-responsiveness, a symptom of asthma and allergic manifestations have an increased risk of developing asthma in adulthood.

Published 06 Mar, 2006 12:00am

HEALTH UPDATE: herbal combo eases menopause complaints

Pairing up two commonly used herbal medicines is "very effective" for easing physical and psychological symptoms of menopause, German researchers report.

Published 06 Mar, 2006 12:00am

HEALTH UPDATE: vitamin D plus calcium curbs falls in older women

Long-term dietary supplementation with vitamin D and calcium significantly reduces the risk of falling among older women, according to the results of a new study.

Published 06 Mar, 2006 12:00am

HEALTH UPDATE: yeast treatment may affect warfarin therapy

For women taking warfarin to prevent blood clots, a single dose of fluconazole to treat a vaginal yeast infection can lead to an increased risk of bleeding, findings from a small study suggest.

Published 06 Mar, 2006 12:00am

HEALTH UPDATE: depression, heart disease often go hand in hand

Depression is one of the most common health disorders in the US, and heart disease is a leading cause of death. "Although they can and do occur separately, research shows that the two conditions are often connected," health experts write in the February i

Published 06 Mar, 2006 12:00am

Early onset of type two diabetes among young South East Asian adults

Mahan Wijesuriya, Regional Chairman for International Diabetes Federation, South East Asian Region has warned against growing prevalence of Type Two Diabetes among younger age groups - representing the major work force of their respective countries.

Published 06 Mar, 2006 12:00am

Growers advised to avoid inadequate use of pesticides

The use of chemical pesticides is gradually reducing in Sindh and the growers are getting more yield by adopting Integrated Pest Management methods of cropping.

Published 06 Mar, 2006 12:00am

'Precaution in use of chicken advised'

Muhammad Noman Saigal , Advisor to Sindh Chief Minister on Environment , Alternate Energy and Information Technology has advised owners of poultry farms and the workers associated with this industry to adopt precautionary measures in the wake of growing r

Published 06 Mar, 2006 12:00am

Lifestyle affects the brain as well as the heart

There is growing evidence that what's good for the heart is also a boon for the ageing brain, according to a new research review. In a survey of 26 large studies of older adults, an expert panel found that certain heart-health factors - like high blood pr

Published 06 Mar, 2006 12:00am

'White revolution' can help alleviate poverty, unemployment

Development of dairy sector can bring 'white revolution' in Pakistan creating lot of job opportunities and helping poverty alleviation. Local, foreign experts and representatives of leading dairy players from public and private sectors observed this addre

Published 06 Mar, 2006 12:00am

Want to live longer? think positive

Optimism is good for the heart, a study said on February 27 The most optimistic among a group of 545 Dutch men age 64 to 84 had a roughly 50 percent lower risk of cardiovascular death over 15 years of follow-up, according to the study published in the Arc

Published 06 Mar, 2006 12:00am

Ibad for conducting monthly drive against infectious diseases

Sindh Governor Dr Ishratul Ibad Khan March 2 directed the concerned authorities to conduct especial drive every month against the deadly infectious diseases in the province on the lines of anti-polio campaigns.

Published 06 Mar, 2006 12:00am

Eurozone indicators to show French and German industry rebounding

Eurozone indicators to be released in the coming week are expected to reveal a rebound in German and French industrial output as well as a pickup in German manufacturing orders, economists said.

Published 06 Mar, 2006 12:00am

SBI says interest rates looking stable

Indian interest rates are looking comparatively stable but liquidity pressures are seen continuing as credit off-take rises in a growing economy, a top bank said on Sunday. Asia's third largest economy is expected to grow 8.1 percent in the year to March,

Published 06 Mar, 2006 12:00am

China says US, Europe contradict free trade ideals

Chinese Commerce Minister Bo Xilai said on Sunday that anti-dumping duties by the European Union and US threats of more trade complaints contradict the spirit of free trade and add to global protectionism.

Published 06 Mar, 2006 12:00am

Chinese man dies of bird flu, virus spreads in Europe

A man has died from bird flu in southern China, the ninth death from the H5N1 virus in the country, the official Xinhua news agency reported on Sunday. The man, identified as a 32-year-old with the surname Lao, was the 15th human bird flu case in China.

Published 06 Mar, 2006 12:00am

US-RoK talks shape North Korean dreams

Trade talks between the United States and South Korea will be closely monitored here, where an unprecedented capitalist enclave is emerging from the North Korean scrub land. Planners hope this fledgling industrial zone will eventually employ 700,000 North

Published 06 Mar, 2006 12:00am

Dubai Ports World deemed hazard in US

The Dubai company taking over a British firm which manages key US ports has transformed itself within seven years from a local port operator in the Gulf emirate to a global player.

Published 06 Mar, 2006 12:00am

IEA head hopes oil price will fall, can't predict

Oil prices should fall over the coming months due to comfortable reserve levels, but political tensions make it impossible to give a firm prediction, the head of the International Energy Agency, Claude Mandil, said in an interview on Sunday.

Published 06 Mar, 2006 12:00am

Gulf investors plan world's biggest Islamic bank

Gulf Arab investors announced plans on Sunday to raise $10 billion to create the world's largest Islamic bank, saying they wanted to muscle in on a booming regional market for infrastructure finance.

Published 06 Mar, 2006 12:00am

Wen outlines modest economic growth target

Chinese Premier Wen Jiabao Sunday outlined a cautious economic growth target of around eight percent for this year, and 7.5 percent until 2010, while urging consumers to spend more.

Published 06 Mar, 2006 12:00am

Brussels to step up battle against 'protectionism'

The European Commission will step up its fight to defend the EU's internal market from member state "protectionism" this week when it is expected to start legal action Poland, with Spain also a possible target.

Published 06 Mar, 2006 12:00am

Opec seen holding output near 25-year high

The powerful Opec cartel will likely decide against cutting oil production in Vienna on Wednesday owing to stubbornly high prices and simmering international tensions over Iran and Nigeria. Prior to recent violence in Nigeria, analysts had predicted that

Published 06 Mar, 2006 12:00am

Opec seen holding output near 25-year high

The powerful Opec cartel will likely decide against cutting oil production in Vienna on Wednesday owing to stubbornly high prices and simmering international tensions over Iran and Nigeria. Prior to recent violence in Nigeria, analysts had predicted that

Published 06 Mar, 2006 12:00am

In Short: firms pile into NAND flash making

Hot-selling flash memory chips are likely to fuel growth in the microchip industry in coming years, but their lofty profit margins are set to deflate as extra supplies pour in from new entrants such as Intel Corp.

Published 06 Mar, 2006 12:00am

China interested in $12 billion projects

Pakistan and China have identified projects worth $12 billion, including Islamabad international airport, oil refinery at Gwadar, Bunji hydropower project and Neelam-Jhelum hydropower project for Chinese investment.

Published 06 Mar, 2006 12:00am

Former Ahold management goes on trial over accounting scandal

The former management of Dutch retail giant Ahold will appear in court Monday for the accounting scandal that brought Ahold, then the world's second-largest retailer, to the brink of bankruptcy.

Published 06 Mar, 2006 12:00am

Nigerian militants threaten to halve oil output

Nigerian militants threatened on Sunday to halve the country's current oil output by cutting another 1 million barrels a day this month in their campaign to gain more autonomy for the southern delta region.

Published 06 Mar, 2006 12:00am

Czech shoe sector sees no salvation against Asian imports

Once the home of the world's leading footwear exporter, then cobbler to the Soviet bloc, the Czech shoe sector is now a shadow of its former self and overshadowed by Asian imports.

Published 06 Mar, 2006 12:00am

Dutch to spend 300 million euros to help consumers

The Netherlands will spend an extra 300 million euros ($361 million) to boost consumers' purchasing power by not lowering government assistance for health care, the prime minister said on Sunday.

Published 06 Mar, 2006 12:00am

Lahore stocks depressed

Hit by bomb blasts in Karachi and worries of law and order due to combined opposition's strike and protest calls in the country against the publication of blasphemous caricatures in some Western newspapers, the local share market mostly painted a depresse

Published 06 Mar, 2006 12:00am

Lahore stocks depressed

Hit by bomb blasts in Karachi and worries of law and order due to combined opposition's strike and protest calls in the country against the publication of blasphemous caricatures in some Western newspapers, the local share market mostly painted a depresse

Published 06 Mar, 2006 12:00am

CBR to contact UAE government for Pakistani real estate investors''data

The Central Board of Revenue (CBR) has decided to approach the Government of United Arab Emirates (UAE) for obtaining the details of the Pakistani nationals, who have made investment in the real estate business in the UAE.

Published 06 Mar, 2006 12:00am

CBR to contact UAE government for Pakistani real estate investors'data

The Central Board of Revenue (CBR) has decided to approach the Government of United Arab Emirates (UAE) for obtaining the details of the Pakistani nationals, who have made investment in the real estate business in the UAE.

Published 06 Mar, 2006 12:00am

CBR to contact UAE government for Pakistani real estate investors'data

The Central Board of Revenue (CBR) has decided to approach the Government of United Arab Emirates (UAE) for obtaining the details of the Pakistani nationals, who have made investment in the real estate business in the UAE.

Published 06 Mar, 2006 12:00am

KSE nine-week winning streak ends

After nine weeks'' continuous winning streak the share market last week for the first time finished with losses owing to selling pressure from investors to settle their future contracts coupled with bomb blast and nation-wide strike.

Published 06 Mar, 2006 12:00am

KSE nine-week winning streak ends

After nine weeks' continuous winning streak the share market last week for the first time finished with losses owing to selling pressure from investors to settle their future contracts coupled with bomb blast and nation-wide strike.

Published 06 Mar, 2006 12:00am

KSE nine-week winning streak ends

After nine weeks' continuous winning streak the share market last week for the first time finished with losses owing to selling pressure from investors to settle their future contracts coupled with bomb blast and nation-wide strike.

Published 06 Mar, 2006 12:00am

Sensitive Price Indicator up 7.48 percent

The Sensitive Price Indicator (SPI) year-on-year of 53 daily use items for week ending on March 2, 2006 has shown 7.48 percent increase as compared to the corresponding week of last year. The significant feature of the weekly bulletin of Federal Bureau of

Published 06 Mar, 2006 12:00am

Sensitive Price Indicator up 7.48 percent

The Sensitive Price Indicator (SPI) year-on-year of 53 daily use items for week ending on March 2, 2006 has shown 7.48 percent increase as compared to the corresponding week of last year. The significant feature of the weekly bulletin of Federal Bureau of

Published 06 Mar, 2006 12:00am

Sensitive Price Indicator up 7.48 percent

The Sensitive Price Indicator (SPI) year-on-year of 53 daily use items for week ending on March 2, 2006 has shown 7.48 percent increase as compared to the corresponding week of last year. The significant feature of the weekly bulletin of Federal Bureau of

Published 06 Mar, 2006 12:00am

THE RUPEE: dollar buying push rates into minus territory

Increasing dollars' demand pushed the rupee into the negative territory on the ground of expanding demand of the US currency mainly by the corporate sector to meet the genuine payments during the week (27 February-March 04), money experts observed.

Published 06 Mar, 2006 12:00am

THE RUPEE: dollar buying push rates into minus territory

Increasing dollars' demand pushed the rupee into the negative territory on the ground of expanding demand of the US currency mainly by the corporate sector to meet the genuine payments during the week (27 February-March 04), money experts observed.

Published 06 Mar, 2006 12:00am

Nine killed in Iraq violence

At least nine people were killed across strife-torn Iraq as Kurdish leaders on Sunday lobbied reclusive Shia cleric Ayatollah Ali al-Sistani to stop outgoing Prime Minister Ibrahim Jaafari from heading the next government.

Published 06 Mar, 2006 12:00am

Nine killed in Iraq violence

At least nine people were killed across strife-torn Iraq as Kurdish leaders on Sunday lobbied reclusive Shia cleric Ayatollah Ali al-Sistani to stop outgoing Prime Minister Ibrahim Jaafari from heading the next government.

Published 06 Mar, 2006 12:00am

Libya names new Prime Minister

Libya on Sunday named a new prime minister, Baghdadi Mahmudi, as part of a major cabinet reshuffle, Libyan state television reported.

Published 06 Mar, 2006 12:00am

Blast damages gas pipeline

A gas pipeline of four-inch diameter was damaged on Sunday at Kali Shadizai, near Quetta when explosive material placed there detonated, according to a private TV channel. No casualties were reported.

Published 06 Mar, 2006 12:00am

Nine killed as building collapses in India

At least nine people were killed and others remained trapped after a two-storey building in the southern Indian town of Rajampet collapsed, police said on Sunday.

Published 06 Mar, 2006 12:00am

Heavy snow claims 17 lives in Europe

Heavy snow and high winds lashed Europe over the weekend, causing the deaths of at least 17 people in weather-related accidents and avalanches in Germany, France, Italy and Switzerland.

Published 06 Mar, 2006 12:00am

Heavy snow claims 17 lives in Europe

Heavy snow and high winds lashed Europe over the weekend, causing the deaths of at least 17 people in weather-related accidents and avalanches in Germany, France, Italy and Switzerland.

Published 06 Mar, 2006 12:00am

Thousands rally against cartoons

Thousands of people, including women and children, on Sunday took part here in Muttahida Majlis-e-Amal's 'Million March', even in absence of many top leaders, to register protest against publication of blasphemous caricatures.

Published 06 Mar, 2006 12:00am

Thousands rally against cartoons

Thousands of people, including women and children, on Sunday took part here in Muttahida Majlis-e-Amal's 'Million March', even in absence of many top leaders, to register protest against publication of blasphemous caricatures.

Published 06 Mar, 2006 12:00am

Karzai oblivious to Kabul events: Musharraf

President General Pervez Musharraf called President Hamid Karzai "oblivious" to events in Afghanistan and said on Sunday he was not concerned about US ties with rival India. Musharraf renewed a weeklong tiff with Afghanistan over co-operation in the searc

Published 06 Mar, 2006 12:00am

Karzai oblivious to Kabul events: Musharraf

President General Pervez Musharraf called President Hamid Karzai "oblivious" to events in Afghanistan and said on Sunday he was not concerned about US ties with rival India. Musharraf renewed a weeklong tiff with Afghanistan over co-operation in the searc

Published 06 Mar, 2006 12:00am

Sony Ericsson puts Cybershot brand on photo phones

Sony Ericsson unveiled six new mobile phones on February 28 said that two of them have cameras good enough to carry Sony's Cyber-shot digital camera brand. It is the second brand transfer by Japanese consumer electronics parent Sony to its mobile phone jo

Published 06 Mar, 2006 12:00am

KKI weekly review

Khanani & Kalia International (Pvt) Limited weekly review of currency notes on Sunday (March 05, 2006).

Published 06 Mar, 2006 12:00am

AOL to roll out free email to non-profit organisations

AOL, the Internet service provider unit of Time Warner Inc, on Friday said it will not charge legitimate not-for-profit organisations and advocacy groups to have their e-mail delivered to consumers.

Published 06 Mar, 2006 12:00am

Internet gambling revenues top 10 billion dollars: survey

Online gambling revenues reached 10.9 billion dollars world-wide last year even though betting is illegal in many countries including the United States, a survey showed.

Published 06 Mar, 2006 12:00am

Telecoms gear makers emphasise on service

Equipment providers facing tough competition supplying products to telecommunications companies are learning the meaning of an increasingly valuable word: service.

Published 06 Mar, 2006 12:00am

Phone and media firms to see mobile ads soon

Cellphone and media companies expect to see a sizeable market for advertising on cellphones in coming years, with options including advertising-subsidised video services, top executives said on March 1.

Published 06 Mar, 2006 12:00am

Microsoft touts PC-like portable 'Origami' device

A new portable media device that allows users to listen to music, play video games, browse the Internet and jot hand-written notes is the initial vision of a product in development by Microsoft Corp and its partners, the software giant said on recently.

Published 06 Mar, 2006 12:00am

Vodafone in talks to sell Japan unit

Britain's Vodafone Group Plc confirmed on Friday it was in talks to sell a controlling interest in its struggling Japanese business to Internet communications conglomerate Softbank Corp. The mobile phone giant said the talks may or may not lead to a deal

Published 06 Mar, 2006 12:00am

Nokia honours Dubai-based distributor

Nokia's Vice President for Mobile Enhancements recently visited Dubai to award Techmart, Nokia's Original Mobile Enhancements Partner, the 2005 'World-wide Original Enhancement Distributor Award', an accolade the Dubai-based company earned by helping Noki

Published 06 Mar, 2006 12:00am

Oracle unveils corporate search software

Business software maker Oracle Corp on March 01 announced new software designed to sift through corporate networks, a major push into the red-hot search market dominated by Google Inc.

Published 06 Mar, 2006 12:00am

Investcom awards Ericsson Afghan GSM order

Middle Eastern telecoms company Investcom said recently, it had awarded a contract for a GSM network in Afghanistan to Swedish telecom equipment maker Ericsson.

Published 06 Mar, 2006 12:00am

Close-end Mutual Funds: ASIAN STOCKS FUND LIMITED - Year Ended June 30, 2005 (Audited)

Asian Stocks Fund Limited (ASFL) was incorporated as a public limited company on June 13, 1994 under the Companies Ordinance, 1984. It was registered as an Investment Company under the Investment Companies & Investment Advisors Rules, 1971 [since repealed

Published 06 Mar, 2006 12:00am

Mobile phone sales hit 817 million in 2005

World-wide sales of mobile telephones rose by 21.0 percent last year when a total of 816.6 million handsets were taken up by users, and slightly more than half of them were made by Nokia and Motorola, a study by Gartner research showed on Tuesday.

Published 06 Mar, 2006 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

Most Popular