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Print - 2010-07-31
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Jul, 2010 12:00am
WikiLeaks: Taliban considering hunting informants

WikiLeaks: Taliban considering hunting informants

A spokesman for the Taliban told Britain's Channel 4 News on Thursday that the insurgent group is scouring classified American military documents posted online by the group WikiLeaks for information to help them find and "punish" Afghan informers. Speakin
Published 31 Jul, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 31 Jul, 2010 12:00am
WikiLeaks: Taliban considering hunting informants

WikiLeaks: Taliban considering hunting informants

A spokesman for the Taliban told Britain's Channel 4 News on Thursday that the insurgent group is scouring classified American military documents posted online by the group WikiLeaks for information to help them find and "punish" Afghan informers. Speakin
Published 31 Jul, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 Jul, 2010 12:00am
Rate hike to affect bourses' sentiment

Rate hike to affect bourses' sentiment

The decision of upward revision in the policy rate by the central bank may hamper the recent positive trend in the local bourses, analysts said. The State Bank of Pakistan (SBP) has increased the policy rate by 50bps to 13 percent in the Monetary Policy S
Published 31 Jul, 2010 12:00am
New IT return forms likely to be issued next week

New IT return forms likely to be issued next week

The Federal Board of Revenue is expected to issue new income tax return forms for the tax year 2010 next week. It is learnt here on Friday that the FBR is drafting a new income tax return form for the Tax Year 2010 which would be issued in coming days. Th
Published 31 Jul, 2010 12:00am
Death toll reaches 400 in floods

Death toll reaches 400 in floods

The death toll in Pakistan's floods rose to 397 on Friday after three days of flooding and heavy rains, with over 100 injured, officials and media reports said. Rescue workers searched for dozens of missing people as flash floods triggered by monsoon rain
Published 31 Jul, 2010 12:00am
Death toll reaches 400 in floods

Death toll reaches 400 in floods

The death toll in Pakistan's floods rose to 397 on Friday after three days of flooding and heavy rains, with over 100 injured, officials and media reports said. Rescue workers searched for dozens of missing people as flash floods triggered by monsoon rain
Published 31 Jul, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (July 30, 2010).

Published 31 Jul, 2010 12:00am
High flood advancing towards Sindh

High flood advancing towards Sindh

An exceptionally high flood of more than 1 million cusecs water is gushing towards Guddu Barrage which will enter Sindh province on Tuesday. Sindh Chief Minister Qaim Ali Shah has cancelled leaves of policemen and government employees and ordered to take
Published 31 Jul, 2010 12:00am
High flood advancing towards Sindh

High flood advancing towards Sindh

An exceptionally high flood of more than 1 million cusecs water is gushing towards Guddu Barrage which will enter Sindh province on Tuesday. Sindh Chief Minister Qaim Ali Shah has cancelled leaves of policemen and government employees and ordered to take
Published 31 Jul, 2010 12:00am
New IT return forms likely to be issued next week

New IT return forms likely to be issued next week

The Federal Board of Revenue is expected to issue new income tax return forms for the tax year 2010 next week. It is learnt here on Friday that the FBR is drafting a new income tax return form for the Tax Year 2010 which would be issued in coming days. Th
Published 31 Jul, 2010 12:00am
Search mounted for black box

Search mounted for black box

Investigators intensified their efforts into the search on the third consecutive day Friday for black box and cockpit voice recorder of Airblue plane that crashed into Margalla Hills on Wednesday, killing all 152 on board. Investigators are focusing on re
Published 31 Jul, 2010 12:00am
'India can't keep Kashmiris slave for long time'

'India can't keep Kashmiris slave for long time'

Maulana Fazl-ur-Rehman, Chairman Parliamentary Kashmir Committee on Friday said India cannot keep Kashmiris as slaves for long time and will have to give them right to self-determination. In a statement, the Chairman Kashmir Committee said Kashmiris are s
Published 31 Jul, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Jul, 2010 12:00am
OUP holding workshops for CDGK teachers today

OUP holding workshops for CDGK teachers today

The Oxford University Press (OUP) Pakistan is conducting workshops for the teachers of the City District Government Karachi (CDGK) with concurrent sessions for pre-primary, primary, and secondary level courses on July 31 at the OUP Head Office here.
Published 31 Jul, 2010 12:00am
Alleged fake degree: LHC summons MNA

Alleged fake degree: LHC summons MNA

An election tribunal of Lahore High Court has summoned PML-Q, MNA Sheikh Waqas Akram in the last week of August. Waqas Akram was elected from NA-89 Jhang, however Hafiz Khalid, a voter from the same constituency, challenged the election.
Published 31 Jul, 2010 12:00am
Food items register steep rise ahead of Ramazan

Food items register steep rise ahead of Ramazan

The price trajectory of most of the food items has registered steep rise two weeks ahead of the holy month of Ramazan, revealed FAFEN's Retail Price Monitor. The report covering (June-July 2010) showed that of total 69 commodities, the prices of 35, mostl
Published 31 Jul, 2010 12:00am
Blast damages Nato oil tanker

Blast damages Nato oil tanker

Nato oil tanker was damaged when explosives attached with the vehicle went off at Western by-pass area of Quetta, police said on Friday. Station House Officer Shalkot Police Station Malik Fareed told this scribe that Nato tanker carrying oil for the ISAF
Published 31 Jul, 2010 12:00am
Youth Parliamentarian laid to rest in Sanghar

Youth Parliamentarian laid to rest in Sanghar

Youth Parliament's Minister Prem Chand, who was among the victims of Airblue plane crash in Islamabad, was laid to rest in Sanghar on Friday amidst unbridled sobbing of the bereaved family and a large number of people. Prem Chand, 26 years old, a student
Published 31 Jul, 2010 12:00am
Masood Salam's death condoled

Masood Salam's death condoled

Members of Pakistan Chemicals and Dyers Merchants Association have condoled the tragic demise of renowned industrialist and businessman, Director M.B. Dyes Chemicals and Silk (Pvt) Ltd Lahore and President of Northern Region (Punjab and KP Provinces) Paki
Published 31 Jul, 2010 12:00am
New IT return forms likely to be issued next week

New IT return forms likely to be issued next week

The Federal Board of Revenue is expected to issue new income tax return forms for the tax year 2010 next week. It is learnt here on Friday that the FBR is drafting a new income tax return form for the Tax Year 2010 which would be issued in coming days. Th
Published 31 Jul, 2010 12:00am
UN sanctions against five Taliban dropped: envoys

UN sanctions against five Taliban dropped: envoys

Five Taliban have been struck off a UN Security Council list of militants subject to sanctions - a move sought by Kabul to ease reconciliation talks with insurgents, UN diplomats said on Friday. The move followed a review of the list of Taliban and al Qae
Published 31 Jul, 2010 12:00am
UN sanctions against five Taliban dropped: envoys

UN sanctions against five Taliban dropped: envoys

Five Taliban have been struck off a UN Security Council list of militants subject to sanctions - a move sought by Kabul to ease reconciliation talks with insurgents, UN diplomats said on Friday. The move followed a review of the list of Taliban and al Qae
Published 31 Jul, 2010 12:00am
Government borrowing major contributor to monetary expansion: SBP

Government borrowing major contributor to monetary expansion: SBP

The State Bank of Pakistan on Friday said that government budgetary borrowing is the major contributor to expansion of net domestic assets and monetary growth. According to the Monetary Policy Statement (MPS) continued government borrowings from the banki
Published 31 Jul, 2010 12:00am
Government striving to safeguard environment: President, Prime Minister

Government striving to safeguard environment: President, Prime Minister

President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani have congratulated the National Forum for Environment and Health (NFEH) for organising 7th Annual Environment Excellence Award ceremony on 2 August 2010 and said that the government is makin
Published 31 Jul, 2010 12:00am
Government borrowing major contributor to monetary expansion: SBP

Government borrowing major contributor to monetary expansion: SBP

The State Bank of Pakistan on Friday said that government budgetary borrowing is the major contributor to expansion of net domestic assets and monetary growth. According to the Monetary Policy Statement (MPS) continued government borrowings from the banki
Published 31 Jul, 2010 12:00am
Government borrowing major contributor to monetary expansion: SBP

Government borrowing major contributor to monetary expansion: SBP

The State Bank of Pakistan on Friday said that government budgetary borrowing is the major contributor to expansion of net domestic assets and monetary growth. According to the Monetary Policy Statement (MPS) continued government borrowings from the banki
Published 31 Jul, 2010 12:00am
Two protesters killed in IHK

Two protesters killed in IHK

Two protesters were shot and killed Friday in Indian held Kashmir when occupation forces opened fire on a large anti-India demonstration, witnesses said. The fatalities added to a string of deaths that have fuelled a rolling series of angry protests acros
Published 31 Jul, 2010 12:00am
Prominsing artists

Prominsing artists

The metropolitan city has the credit of grooming the new generation in a continuous process of creativity in all spheres of culture, literature and arts. As one step forward the Lahore Arts Council (LAC) arranged an exhibition of paintings by Seher Jalil
Published 31 Jul, 2010 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares fell on Friday as Samsung Electronics dipped on outlook worries after it warned of weak margins, while banks such as Shinhan Financial declined on disappointing second quarter earnings. The Korea Composite Stock Price Index (KOSPI) ended down
Published 31 Jul, 2010 12:00am
Shanghai index falls; Hong Kong stocks post best month

Shanghai index falls; Hong Kong stocks post best month

China's key stock index fell 0.4 percent on Friday, as investors cashed in on bank stock gains, while China Everbright Bank said it would list on the Shanghai market by August 18, adding more pressure on liquidity. Hong Kong stocks eased on Friday, ending
Published 31 Jul, 2010 12:00am
Indian shares up for second month

Indian shares up for second month

Indian shares rose for the second straight month in July after ending 0.7 pct lower on Friday, but underperformed emerging market peers in the month, as the central bank's key rates hike and mixed earnings limited gains. India's main stock index rose 0.9
Published 31 Jul, 2010 12:00am
Taiwan stocks post biggest monthly gain

Taiwan stocks post biggest monthly gain

Taiwan stocks fell 0.5 percent on Friday but ended July with their biggest monthly gain in four months, and some analysts said momentum could be extended on strong corporate results. The main TAIEX index was off 38.36 points to 7,760.63, wrapping up July
Published 31 Jul, 2010 12:00am
US bonds mostly gain

US bonds mostly gain

US Treasury prices ended mostly higher on Thursday as investors fled the flagging stock market for the safe haven of bonds, blunting the impact of a soft 7-year auction. Longer-dated Treasuries slipped, while securities in the middle of the yield curve po
Published 31 Jul, 2010 12:00am
US bonds mostly gain

US bonds mostly gain

US Treasury prices ended mostly higher on Thursday as investors fled the flagging stock market for the safe haven of bonds, blunting the impact of a soft 7-year auction. Longer-dated Treasuries slipped, while securities in the middle of the yield curve po
Published 31 Jul, 2010 12:00am
European CDS indices edge wider

European CDS indices edge wider

European corporate credit default swap spreads widened on Friday, as stocks also faltered, after weak Japanese economic data and downbeat comments from a US Fed official ahead of quarterly growth figures. By 0834 GMT, the investment-grade Markit iTraxx Eu
Published 31 Jul, 2010 12:00am
European CDS indices edge wider

European CDS indices edge wider

European corporate credit default swap spreads widened on Friday, as stocks also faltered, after weak Japanese economic data and downbeat comments from a US Fed official ahead of quarterly growth figures. By 0834 GMT, the investment-grade Markit iTraxx Eu
Published 31 Jul, 2010 12:00am
Wall Street sags

Wall Street sags

US stocks sagged in volatile trading on Thursday after weak outlooks from technology companies and downbeat comments from a Federal Reserve official gave investors little reason to buy. The market has struggled to make headway this week. The S&P 500 fell
Published 31 Jul, 2010 12:00am
Friday's early afternoon trade: indices edge lower

Friday's early afternoon trade: indices edge lower

US stocks fell on Friday, rebounding for a second day in a row from more substantial losses, as concerns about slower economic growth held trading to a tight range. The S&P 500 Index has found support in the 1,088 to 1,090 range as economic data have come
Published 31 Jul, 2010 12:00am
Nikkei slips

Nikkei slips

Japan's Nikkei fell 1.6 percent on Friday as more signs that the US economic recovery may be stalling outweighed a wave of upbeat domestic earnings, with investors shy of buying before US GDP data later in the day. Shares of exporters were also hurt by a
Published 31 Jul, 2010 12:00am
Southeast Asian markets: lacklustre end to generally firm July

Southeast Asian markets: lacklustre end to generally firm July

Southeast Asian stock markets ended lower or with tiny gains on Friday in cautious trade ahead of second-quarter US growth figures but a raft of strong second-quarter earnings pushed share prices higher on the month.
Published 31 Jul, 2010 12:00am
IDBI Bank outperforms weak bonds market on debut

IDBI Bank outperforms weak bonds market on debut

IDBI Bank's bonds gained on their Asian debut on Friday, underpinned by strong demand from investors seeking higher yields, while the broader market was weak, tracking losses in equities.
Published 31 Jul, 2010 12:00am
IDBI Bank outperforms weak bonds market on debut

IDBI Bank outperforms weak bonds market on debut

IDBI Bank's bonds gained on their Asian debut on Friday, underpinned by strong demand from investors seeking higher yields, while the broader market was weak, tracking losses in equities.
Published 31 Jul, 2010 12:00am
Yuan slightly up

Yuan slightly up

The yuan closed slightly higher against the dollar on Friday and also staged a minor rise this week after the People's Bank of China set a higher mid-point to reflect an overnight fall in the dollar globally. Despite the gains, dealers said there were no
Published 31 Jul, 2010 12:00am
Peso hits five-week high

Peso hits five-week high

The Philippine peso hit a five-week high on Friday on broad dollar weakness, while the continued rally in the high-yielding Indonesian rupiah forced the central bank to step in. The dollar remained near a three-month low against a basket of currencies ahe
Published 31 Jul, 2010 12:00am
Indian rupee at one-month high

Indian rupee at one-month high

The Indian rupee rose to its highest in more than a month on Friday as robust foreign portfolio inflows into a clutch of share offers boosted dollar supplies in the market. The partially convertible rupee ended at 46.40/41 per dollar, after hitting 46.395
Published 31 Jul, 2010 12:00am
Swiss franc firmer

Swiss franc firmer

The Swiss franc held on to the bulk of its outsize gains from the previous session against the euro and the dollar in early Friday trading ahead of data expected to confirm Switzerland's economic solidity. The franc was slightly firmer against the euro co
Published 31 Jul, 2010 12:00am
Australian and New Zealand dollars keep hefty gains

Australian and New Zealand dollars keep hefty gains

The Australian and New Zealand dollars held most of their recent hefty gains on Friday despite a bout of profit-taking, to make their best monthly performance in as much as a year. The Australia dollar was trading at $0.9010, just off a high of $0.9022 hi
Published 31 Jul, 2010 12:00am
Euro breaks above $1.3100 in New York

Euro breaks above $1.3100 in New York

The euro rallied above $1.3100 to a 12-week high against a broadly weaker dollar on Thursday as supportive European data prompted investors to bet the European economy is on a better track compared with the United States. The euro's advance started early
Published 31 Jul, 2010 12:00am
Mid-afternoon trade: Dollar hits eight-month low

Mid-afternoon trade: Dollar hits eight-month low

The dollar hit its lowest since November against the Japanese yen on Friday as data showed growth in the world's largest economy is slowing and reinforced expectations for low US interest rates into 2011. The dollar fell 2.3 percent against the yen in Jul
Published 31 Jul, 2010 12:00am
Dollar hits multi-month lows versus yen, Swiss franc

Dollar hits multi-month lows versus yen, Swiss franc

The dollar hit multi-month lows against the yen and Swiss franc on Friday on concerns US economic growth data would reinforce signs the world's largest economy is slowing and on a Fed policymaker's dovish comments. Dollar bears were looking to US second-q
Published 31 Jul, 2010 12:00am
Dollar falls versus yen in Asia

Dollar falls versus yen in Asia

The dollar fell to an eight-month low against the yen on Friday, hurt by selling from Japanese exporters and concerns that US GDP data would add to signs of fading momentum for the US economic recovery. In Asian trade, the dollar's fall was primarily driv
Published 31 Jul, 2010 12:00am
Sterling rises

Sterling rises

Sterling hit a five-month high versus the dollar on Friday on month-end demand for higher-risk currencies, as investors were unconvinced slightly weak US economic data meant the country was set for a double-dip recession. By 1521, the pound had climbed to
Published 31 Jul, 2010 12:00am
Dollar Libor hits lowest since mid-May

Dollar Libor hits lowest since mid-May

A benchmark on what banks charge each other for dollars fell to a 2-1/2 month low on Friday on bets that the Federal Reserve will cling to an ultra-loose monetary policy at least a year from now. Across the Atlantic, key bank-to-bank lending rates on euro
Published 31 Jul, 2010 12:00am
India and Sri Lanka Test drawn

India and Sri Lanka Test drawn

The second Test between India and Sri Lanka ended in a high-scoring draw on Friday after the bat dominated the ball on a featherbed wicket for five days. India posted their second-highest total ever when they made 707 in reply to Sri Lanka's mammoth first
Published 31 Jul, 2010 12:00am
World Cup stadium to be named after Muralitharan

World Cup stadium to be named after Muralitharan

A new cricket stadium being built for next year's World Cup will be named after the world's most successful bowler Muttiah Muralitharan, a report said on Friday. The 22,000-capacity stadium, being constructed in Pallekele in Muralitharan's home district o
Published 31 Jul, 2010 12:00am