Hong Kong shares could face a correction as the recent bull run may lead investors to grab profits, dealers said. For the week ending May 8, the benchmark Hang Seng Index closed at 17,389.87, its highest close since October 3. It rose 12 percent over the

Betting against the latest upsurge in US stocks is likely to be a losing proposition even for the balance of May, a month historically associated with the onset of a volatile period for equities.

South Korea's bullish stock market is expected to take a breather after rising more than three percent over the past week but the longer-term outlook is still good, analysts said Friday. Amid a lack of further upward momentum, the KOSPI index is likely to

HSBC, Europe's biggest banking group, posts first-quarter earnings news on Monday and a positive release could see the London stock market build on recent strong gains. The British capital's FTSE 100 index of leading shares closed up 5.16 percent, or 218.

Australian share prices are likely to consolidate gains as confidence returns to the market, dealers said on Friday. For the week ending May 8 the benchmark S&P/ASX 200 gained 172.1 points, or 4.57 percent, to close at 3,941.7.

Betting against the latest upsurge in US stocks is likely to be a losing proposition even for the balance of May, a month historically associated with the onset of a volatile period for equities.

Egypt's benchmark index gained more than 4 percent on Sunday as investors bought into real estate stocks and heavyweights Orascom Telecom (OT) and Orascom Construction Industries in large volumes. OT gained 8.37 percent to 36 Egyptian pounds ($6.40), afte

Philippines shares likely to rise as investors make a play for undervalued stocks, dealers said. The market showed unexpected strength over the week due to the release of lower inflation figures and signs that interest rates would be lowered soon.

Singapore shares may lose steam in the week ahead after racking up gains on hopes of a global economic recovery, analysts said. The blue chip Straits Timex Index closed Friday at 2,238.21 points, up 317.93 points or 16.56 percent from last Thursday's clos

Analysts saw more green shoots poke through the world economic freeze this week, hailing the "stress tests" for big US banks as an encouraging sign that a recovery was gaining momentum. "We view the (stress test) results highly positively," said economist

China and Kuwait signed agreements on oil and gas and the environment Sunday, as Beijing pushes to deepen ties to resource-rich countries to feed its energy-hungry economy. Chinese President Hu Jintao and the emir of Kuwait, Sheik Sabah Al Ahmad Al Sabah,

A senior ally of Chancellor Angela Merkel has questioned her plans to promise German voters tax cuts from next year, exposing a deep policy rift within her conservative camp only months before a federal election.

A French textile firm has caused outrage by telling nine of its workers that they have the choice between the sack and redeploying to an Indian factory and taking a gigantic pay-cut.

General Motors is sparring with its main union over plans to shut US plants and outsource production to Mexico and Asia as bankruptcy looms over the troubled automaker, union sources said.

The US economy is expected to begin growing in the second half of this year, while the jobless rate is expected to peak in the first quarter of 2010, according to a survey of top forecasters released on Sunday.

New Zealand house prices fell for the 10th month in a row in April, but there were signs of stabilisation as lower borrowing costs lured buyers back to the market, government agency Quotable Value (QV) said on Monday.

Australia is gearing up for a tough budget on Tuesday, facing the prospect of the largest deficit in the country's history as the economy struggles with its first recession in almost two decades. The end of the China-driven resource boom that spurred Aust

Russian Prime Minister Vladimir Putin has told Japanese media his country expects to sign a nuclear power pact with Japan during his visit here this week, reports said Sunday. In an interview with Japanese media in Moscow, Putin said he would also present

Islamic finance must strengthen regulation, boost its professional staff and diversify as it takes on a bigger global role in the aftermath of the world-wide financial crisis, experts said.

The Asian Development Bank will give Bangladesh $200 million in addition to normal assistance as budgetary support to face the fallout of global meltdown, Finance Minister Abul Maal Abdul Muhith said on Sunday. "ADB has pledged to allocate at least $200 m

US House Speaker Nancy Pelosi made a surprise one-day visit to Baghdad Sunday and discussed US-Iraqi economic relations with the prime minister, the government spokesman said.

West Indies' Shivnarine Chanderpaul has lost his place at the top of the International Cricket Council (ICC) world batting rankings in the latest edition issued on Sunday.

Japanese teenager Ryosuke Irie set a world record for the men's 200 metres backstroke at a low-key international meet in Australia on Sunday. The 19-year-old powered his way to victory in the "Duel in the Pool" meet between Japan and Australia to stop the

Britain's Jenson Button led a Brawn GP one-two triumph at the Spanish Grand Prix on Sunday for the Formula One championship leader's fourth victory in five races. For the ninth year in a row, victory at the Circuit de Catalunya went to the driver starting

Kenya's Matthew Koech won Berlin's 25 kilometres race here on Sunday in one hour 13.24 minutes in the seventh-fastest time over the distance. Koech came home first ahead of compatriot Fred Kosgei, who finished in 1 hour 14.35 minutes, and 2007 world marat

The French tennis federation (FFT) is aware of a failed drugs test by Richard Gasquet but is awaiting official confirmation, the FFT said on Sunday. "The FFT has learnt of the positive test of Richard Gasquet at the Miami tournament, although no official

Aspiring youngster Haseem Khan struck a brace of field goals as Pakistan stormed into the semi-final of 8th Asia Cup Hockey Tournament from group B with a thrilling 3-2 victory against defending India at Wisma Belia Kuantan Hockey Stadium on Sunday.

The future of international cricket's controversial umpiring referral system will be up for discussion when a group of leading administrators gathers here at Lord's.

Manchester United strolled to a 2-0 defeat of Manchester City on Sunday to return to the top of the Premier League and closer to a record-equalling 18th title. Cristiano Ronaldo's deflected free kick and a superb strike by Carlos Tevez on the stroke of ha

England added batsman Ian Bell and left-arm quick Ryan Sidebottom to their squad on Sunday as they named a 13-man party for the second Test against the West Indies at Chester-le-Street starting Thursday. Bell and Sidebottom were the only additions to the

Indian Premier League chiefs were Sunday defending themselves against government charges that the lucrative Twenty20 event in South Africa was "encouraging gambling and betting." Sports minister Manohar Singh Gill lashed out at an IPL mobile phone SMS con

Mumbai Indians rode on a record stand by Jean-Paul Duminy and Ajinkya Rahane to beat Bangalore Royal Challengers by 16 runs in the Indian Premier League on Sunday. The duo put on 104 off 72 balls, the highest third-wicket partnership in the IPL, as Mumbai

Bangladesh's rebel cricketers want to accept an amnesty offered by the sport's authorities but lucrative deals with the Indian Cricket League (ICL) may force them to think twice, an ex-captain said Sunday.

A recent stock market rally may allow US banks to issue common shares to meet new capital requirements under stress tests, a possibility that was unthinkable just a few months ago. Those share offerings may be at discounts of 10 percent or more to current

A recent stock market rally may allow US banks to issue common shares to meet new capital requirements under stress tests, a possibility that was unthinkable just a few months ago. Those share offerings may be at discounts of 10 percent or more to current

Citigroup, long the problem child of the US banking industry, got a surprise boost on May 06 when it was disclosed government stress tests will require it to raise about $5 billion. The result could strengthen the position of embattled CEO Vikram Pandit,

Chemical giant DuPont announced on May 07 it was slashing 2,000 more jobs as part of its restructuring, on top of 2,500 layoffs in December. The company aims to "preserve our strong cash position, streamline and accelerate our approach to markets and bett

Chemical giant DuPont announced on May 07 it was slashing 2,000 more jobs as part of its restructuring, on top of 2,500 layoffs in December. The company aims to "preserve our strong cash position, streamline and accelerate our approach to markets and bett

Kraft Foods Inc posted a higher-than-expected first-quarter profit helped by price increases, cost-cutting measures and consumers eating at home more often to save money. Kraft, like some other food companies, has benefited from consumers eating at home m

Gulf airlines, owned by governments in the world's top oil-exporting region, said they would push ahead with major fleet and route expansions and post profits, despite a global downturn that has hit air travel.

Kraft Foods Inc posted a higher-than-expected first-quarter profit helped by price increases, cost-cutting measures and consumers eating at home more often to save money. Kraft, like some other food companies, has benefited from consumers eating at home m

BNP Paribas, France's biggest bank by market capitalisation, posted first-quarter profits well ahead of forecasts, helped by higher earnings at its retail and investment banking operations. Net profit fell 21 percent from last year to 1.56 billion euros (

BNP Paribas, France's biggest bank by market capitalisation, posted first-quarter profits well ahead of forecasts, helped by higher earnings at its retail and investment banking operations. Net profit fell 21 percent from last year to 1.56 billion euros (

Britain's Aviva Plc is considering a comeback in Asia's general insurance business, five years after it sold its regional operations to Japan's Mitsui Sumitomo Insurance Group (MSIG). "We are looking at our options around general insurance across a number

Marriott International is eyeing further expansion in North Africa, particularly Libya, as it strives to find growth areas in the global economic downturn, a senior executive said.

Dubai's Emirates airline is sticking to its order book and expects to post a profit in its financial year despite the global economic downturn, its chairman said. Emirates, the largest customer of the Airbus A380 with 58 aircraft on order, expects to rece

Dubai's Emirates airline is sticking to its order book and expects to post a profit in its financial year despite the global economic downturn, its chairman said. Emirates, the largest customer of the Airbus A380 with 58 aircraft on order, expects to rece

Venerable dining guide Michelin on May 4 expanded its menu of iPhone applications that steer users of the popular Apple smartphones to fine restaurants in cities they may be roaming.

Google is routing YouTube users further into the online search giant's Internet world. People signing up for YouTube accounts automatically get matching Google accounts, YouTube software engineer James Phillips said in an official blog post on Thursday an

US computer giant Hewlett-Packard and Canada's Research In Motion (RIM) announced an alliance on May 4 to provide applications and services for the popular Blackberry smartphone. HP and RIM, in a joint statement, said the services being offered included g

Microsoft Corp's next version of Windows is stirring fresh complaints of anti-competitive behaviour from rivals who say the new version of the operating system gives unfair advantage to Microsoft's Internet Explorer browser, the Financial Times rep

Online retail giant Amazon.com unveiled a large-screen version of its popular Kindle electronic reader on Wednesday designed for newspapers, magazines and textbooks. The Kindle DX costs 489 dollars and features a screen, which at 9.7 inches (24.6 centimet

Hackers appear to be beefing up armies of "zombie" computers to recover from a major hit scored in the battle against spam email, according to software security firm McAfee. A McAfee report said that during the first three months of this year, nearly 12 m

Comedian Jimmy Fallon, who put his act through a test drive on the Internet before unveiling his late-night talk show on television, won a Webby Award on Tuesday as the Internet's "Person of the Year."

Research in Motion's Blackberry Curve moved past Apple's iPhone to become the top-selling smartphone in the United States in the first quarter of the year, research firm NPD Group reported on Monday. NPD said a "buy-one-get-one" promotion by carrier Veriz

Microsoft said on May 7 that cyber-criminals are already hawking booby-trapped versions of just-released Windows 7 operating system software. "It's so important for customers to get their copies of Windows from a trusted source," Joe Williams, general man

A nearly-final version of Windows 7 made its world debut on May 5, giving people a chance to tell Microsoft what they love or hate about the new-generation operating system.

Technology titans on May 6 announced an alliance to promote a Wireless Gigabit (WiGig) standard predicted to one day let people beam high-definition (HD) video to home television sets.

Web-based business software sales are growing briskly, even as most of the industry stalls, as the segment pioneered by Salesforce.com Inc benefits from the weak economy and fading concerns about security. Gartner Research now expects 2009 sales of so-cal

An online community devoted to helping start-ups duel with venture capitalists is opening an institute to train technology entrepreneurs how to build top-notch businesses.

Microsoft on May 7 enhanced its Virtual Earth online mapping service with Photosynth technology that melds pictures to create 3D views of places and spaces. The move allows businesses or government agencies to provide virtual tours of locations displayed

A thaw of the Arctic linked to global warming may slow a drive to get rid of industrial chemicals that are harming indigenous people and wildlife, an expert said.

Nearly 300 rescue workers began disaster-response drills that included a mock high-seas rescue of passengers from a sunken ship, reflecting Asia's deepening concern over a series of deadly natural disasters.

China's top weather official warned that Tibet was threatened by global warming, which could cause floods and droughts endangering millions in the nation's west, state media reported. "The impact of global warming has accelerated glacial shrinkage, and th

Start-up biofuels companies say new regulations from Washington could have a big impact on which technologies prosper in a US push for cleaner energy, and they are preparing to make their voices heard.

As many as 600 million people will die early from exposure to industrial waste, most of them in the developing world, the head of a non-profit group warned. Tanneries, mines and car battery recycling sites are often "toxic hotspots" in developing countrie

North Korea's military now controls a state intelligence body involved in illicit operations to generate funds through money counterfeiting and weapons exports, a report said Sunday. In a recent shake-up, the ruling communist party put a key organisation

The International Atomic Energy Agency (IAEA), said on April 29 it was worried that patients receive too much radiation because of the overuse of computed tomography (CT) scans, proposed measures to apply the technique more sparingly. The CT imaging techn

When people with head or neck cancer are treated with radiation, a common side effect is dry mouth, and now researchers have shown that the problem can be relieved by acupuncture. Excessive dryness of the mouth is technically termed xerostomia.

Chanting "Death to America!" and weeping as they prayed, hundreds of Kabul university students marched on Sunday in protest against US air strikes last week that Afghan officials say killed more than 100 civilians.

Tens of thousands of Bangladeshis on Sunday joined funeral prayers at Dhaka's largest mosque for the husband of Prime Minister Sheikh Hasina, who died following a long illness. President Zillur Rahman led tributes to nuclear scientist M.A. Wazed Mia, who

More than 25 of the CIA's war-on-terror prisoners were subjected to sleep deprivation during the administration of former president George W. Bush, The Los Angeles Times reported late Saturday. Citing memoranda made public by the Justice Department, the n

The United States will not hamper its forces in Afghanistan by banning air strikes but will redouble efforts to limit civilian casualties, National Security Advisor James Jones said Sunday.

Fourteen passengers were injured when a Lufthansa flight from Germany to Portugal hit unexpected turbulence over the Alps and had to land in Switzerland, a company spokeswoman said Sunday. Among the passengers on the Munich to Lisbon flight were the Presi

Pope Benedict urged Jordan's tiny Catholic community on Sunday to preserve their ancient faith and traditions amid the turbulence of the Middle East and work with other religions to enrich their daily lives.

All timings are in PST (Pakistan Standard Time).

Pakistan Petroleum Limited is one of the oldest and largest E&P companies in the country. The primary activities of the company are exploration, development and production of Pakistan's natural reserves of oil and gas.

Pakistan Petroleum Limited is one of the oldest and largest E&P companies in the country. The primary activities of the company are exploration, development and production of Pakistan's natural reserves of oil and gas.

Alico AIG Life has issued Weekly Unit Prices.

Alico AIG Life has issued Weekly Unit Prices.

Following currency fluctuations took place in foreign exchange rates during the last week. (May 04 to 09 2009).

Alico AIG Life has issued Weekly Unit Prices.

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

The weather report on Sunday (May 10, 2009) and the forecast for Monday (May 11, 2009).

Egypt's Orascom Telecom said on Sunday its Pakistan unit had repurchased up to $140 million in senior notes at a 27 percent discount to face value. The unit, Pakistan Mobile Communications Limited (Mobilink), will spend around $100.6 million to buy back a

Egypt's Orascom Telecom said on Sunday its Pakistan unit had repurchased up to $140 million in senior notes at a 27 percent discount to face value. The unit, Pakistan Mobile Communications Limited (Mobilink), will spend around $100.6 million to buy back a

The US and Pakistani Naval forces are conducting bilateral exercise code named, "Inspired Union" and "Inspired Response" from May 10 to 20. An ISPR (Navy) press release issued here on Sunday said that these exercises are a yearly feature meant to enhance

The US and Pakistani Naval forces are conducting bilateral exercise code named, "Inspired Union" and "Inspired Response" from May 10 to 20. An ISPR (Navy) press release issued here on Sunday said that these exercises are a yearly feature meant to enhance

Pakistan Steel-line Pipe Industry Association (PSPA) has rejected the proposed imposition of regulatory duty at the rate of 15 percent on all flat rolled products which are used as raw material for manufactures of steel welded pipes.

Egypt''s Orascom Telecom said on Sunday its Pakistan unit had repurchased up to $140 million in senior notes at a 27 percent discount to face value. The unit, Pakistan Mobile Communications Limited (Mobilink), will spend around $100.6 million to buy back

Balochistan finance minister Muhammad Asim Kurd Gailu said on Sunday that if the federal government did not fulfil the demands of the cash-strapped Balochistan then it would be difficult for the province to present its next fiscal budget.

APHC leader and the Chairman of National Front in occupied Kashmir, Nayeem Ahmad Khan has appealed the people of Kashmir to totally boycott the fifth phase of Indian parliamentary elections to be conducted on Wednesday.

Almost all the political parties and their leaders are not showing their commitment to displaced persons from troubled Malakand region as the political leaders are avoiding directly meeting with the affected people for security reasons. This behaviour of

The National Assembly will here today (Monday) to discuss the fresh offensive against the militants, who challenged the writ of the government in Malakand division and areas of Fata despite signing a peace agreement with the government.

The plan of the government to produce bio-diesel from Jatropha is not considered a viable proposition, as compared to the safflower due to cost and crop duration. Sources in the Ministry of Food and Agriculture (Minfa) said that a few "short-sighted" poli

The PPP Punjab Executive committee has decided to convene the party meeting on May 13 to chalk out a comprehensive strategy for the upcoming local government election.

Pakistan Tehreek-e-Insaf Chairman Imran Khan on Sunday at last after a period of two years succeeded to visit Karachi. Talking to reporters at Islamabad Airport he said that it was his right to visit Karachi and other parts of Sindh province.

Senator Professor Sajid Mir has alleged that foreign hands were trying to create disturbance in Swat and Balochistan through subversive activities. Paid agents of India, America and Israel were active and busy in creating disorder for their personal gains

Pakistan Steel-line Pipe Industry Association (PSPA) has rejected the proposed imposition of regulatory duty at the rate of 15 percent on all flat rolled products which are used as raw material for manufactures of steel welded pipes.

Pakistan Steel-line Pipe Industry Association (PSPA) has rejected the proposed imposition of regulatory duty at the rate of 15 percent on all flat rolled products which are used as raw material for manufactures of steel welded pipes.