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Print - 2012-03-03
Furnace oil price up by Rs 1945 per ton

Furnace oil price up by Rs 1945 per ton

The oil marketing companies have increased furnace oil price by Rs 1,945 per ton in line with increase in this commodity''s price on international market. All marketing companies have fixed new prices for furnace oil with immediate effect and with current
Published 03 Mar, 2012 12:00am
Furnace oil price up by Rs 1945 per ton

Furnace oil price up by Rs 1945 per ton

The oil marketing companies have increased furnace oil price by Rs 1,945 per ton in line with increase in this commodity's price on international market. All marketing companies have fixed new prices for furnace oil with immediate effect and with current
Published 03 Mar, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Mar, 2012 12:00am
Furnace oil price up by Rs 1945 per ton

Furnace oil price up by Rs 1945 per ton

The oil marketing companies have increased furnace oil price by Rs 1,945 per ton in line with increase in this commodity's price on international market. All marketing companies have fixed new prices for furnace oil with immediate effect and with current
Published 03 Mar, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Mar, 2012 12:00am
ISE index gains 16.14 points

ISE index gains 16.14 points

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 16.14 points as the ISE Ten Index moved from 2,848.93
Published 03 Mar, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Mar, 2012 12:00am
ISE index gains 16.14 points

ISE index gains 16.14 points

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 16.14 points as the ISE Ten Index moved from 2,848.93
Published 03 Mar, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Mar, 2012 12:00am
Bullish sentiments dominates on LSE

Bullish sentiments dominates on LSE

Bullish sentiments dominated on the Lahore Stock Exchange on Friday and the equities registered gains across the board amid improved trading turnover following fresh buying in potential shares. The LSE-25 index was jumped to 3476.02 against 3381.38 of Thu
Published 03 Mar, 2012 12:00am
Bullish sentiments dominates on LSE

Bullish sentiments dominates on LSE

Bullish sentiments dominated on the Lahore Stock Exchange on Friday and the equities registered gains across the board amid improved trading turnover following fresh buying in potential shares. The LSE-25 index was jumped to 3476.02 against 3381.38 of Thu
Published 03 Mar, 2012 12:00am
Obama warns against premature strike on Iran

Obama warns against premature strike on Iran

US President Barack Obama has warned that a premature attack on Iran would allow it to play the "victim" in the nuclear crisis just days before key talks with Israeli leader Benjamin Netanyahu. In some of his toughest comments yet on Tehran's nuclear driv
Published 03 Mar, 2012 12:00am
BRIndex30 gains 122.01 points

BRIndex30 gains 122.01 points

On Friday, BRIndex30 opened at 9,808.69 and remained positive throughout the trading session. It touched an intraday high of 9,936.07 and an intraday low of 9,808.69 and closed at 9,930.70 which was 122.01 points or 1.24 percent higher than previous close
Published 03 Mar, 2012 12:00am
BRIndex30 gains 122.01 points

BRIndex30 gains 122.01 points

On Friday, BRIndex30 opened at 9,808.69 and remained positive throughout the trading session. It touched an intraday high of 9,936.07 and an intraday low of 9,808.69 and closed at 9,930.70 which was 122.01 points or 1.24 percent higher than previous close
Published 03 Mar, 2012 12:00am
Index breaches 13,000 level

Index breaches 13,000 level

A bull-run continued on the Karachi share market on Friday and the KSE-100 index breached 13,000 psychological level, the highest level after June 2008 on the back of both local and foreign investors support. Across the board buying was witnessed from loc
Published 03 Mar, 2012 12:00am
Index breaches 13,000 level

Index breaches 13,000 level

A bull-run continued on the Karachi share market on Friday and the KSE-100 index breached 13,000 psychological level, the highest level after June 2008 on the back of both local and foreign investors support. Across the board buying was witnessed from loc
Published 03 Mar, 2012 12:00am
Index breaches 13,000 level

Index breaches 13,000 level

A bull-run continued on the Karachi share market on Friday and the KSE-100 index breached 13,000 psychological level, the highest level after June 2008 on the back of both local and foreign investors support. Across the board buying was witnessed from loc
Published 03 Mar, 2012 12:00am
Memogate: Scotland Yard's assistance may be sought

Memogate: Scotland Yard's assistance may be sought

The judicial commission investigating the Memo case may direct the federal government to seek Scotland Yard's assistance to carry out the forensic analysis of BlackBerry devices in case no private forensic expertise is found in nine days.
Published 03 Mar, 2012 12:00am
Memogate: Scotland Yard's assistance may be sought

Memogate: Scotland Yard's assistance may be sought

The judicial commission investigating the Memo case may direct the federal government to seek Scotland Yard's assistance to carry out the forensic analysis of BlackBerry devices in case no private forensic expertise is found in nine days.
Published 03 Mar, 2012 12:00am
Zardari had prior knowledge of US raid in Abbottabad: Ijaz

Zardari had prior knowledge of US raid in Abbottabad: Ijaz

Mansoor Ijaz, star witness in Memogate case, has alleged that President Asif Ali Zardari had asked Army Chief General Ashfaq Parvez Kayani on May 2 night not to send F-16 aircraft to bring down US choppers carrying Navy SEALS commandos who killed Osama bi
Published 03 Mar, 2012 12:00am
Zardari had prior knowledge of US raid in Abbottabad: Ijaz

Zardari had prior knowledge of US raid in Abbottabad: Ijaz

Mansoor Ijaz, star witness in Memogate case, has alleged that President Asif Ali Zardari had asked Army Chief General Ashfaq Parvez Kayani on May 2 night not to send F-16 aircraft to bring down US choppers carrying Navy SEALS commandos who killed Osama bi
Published 03 Mar, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
10 soldiers among 55 dead in Tirah attacks

10 soldiers among 55 dead in Tirah attacks

At least 55 people were killed Friday in violence in troubled north-western tribal region of Kyhber, which borders Afghanistan, local officials said. Twenty-two people were killed in a suicide attack targeting a mosque after Friday prayers in the Tirah va
Published 03 Mar, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 02, 2012).
Published 03 Mar, 2012 12:00am
10 soldiers among 55 dead in Tirah attacks

10 soldiers among 55 dead in Tirah attacks

At least 55 people were killed Friday in violence in troubled north-western tribal region of Kyhber, which borders Afghanistan, local officials said. Twenty-two people were killed in a suicide attack targeting a mosque after Friday prayers in the Tirah va
Published 03 Mar, 2012 12:00am
Leader of opposition: PML-N may nominate Dar

Leader of opposition: PML-N may nominate Dar

Pakistan Muslim League-Nawaz (PML-N) which emerged as the largest opposition party in the Senate, is likely to nominate Senator Ishaq Dar as opposition leader in the Upper House of the Parliament. After winning eight seats, became the second largest party
Published 03 Mar, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Leader of opposition: PML-N may nominate Dar

Leader of opposition: PML-N may nominate Dar

Pakistan Muslim League-Nawaz (PML-N) which emerged as the largest opposition party in the Senate, is likely to nominate Senator Ishaq Dar as opposition leader in the Upper House of the Parliament. After winning eight seats, became the second largest party
Published 03 Mar, 2012 12:00am
Results of seven general seats from Balochistan withheld

Results of seven general seats from Balochistan withheld

The Provincial Election Commission on Friday withheld results of seven general seats of Senate from Balochistan over Pakistan Muslim League (Nawaz) objections, Aaj News reported late Friday night. According to the channel, now the recounting will b
Published 03 Mar, 2012 12:00am
Results of seven general seats from Balochistan withheld

Results of seven general seats from Balochistan withheld

The Provincial Election Commission on Friday withheld results of seven general seats of Senate from Balochistan over Pakistan Muslim League (Nawaz) objections, Aaj News reported late Friday night. According to the channel, now the recounting will b
Published 03 Mar, 2012 12:00am
PPP captures upper house

PPP captures upper house

In the closely-watched elections to Upper House of Parliament held on Friday, the ruling Pakistan People's Party (PPP) successfully raised the number of its senators from 27 to 41. According to unofficial results, PPP clinched 19 seats, Pakistan Muslim Le
Published 03 Mar, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
PPP captures upper house

PPP captures upper house

In the closely-watched elections to Upper House of Parliament held on Friday, the ruling Pakistan People's Party (PPP) successfully raised the number of its senators from 27 to 41. According to unofficial results, PPP clinched 19 seats, Pakistan Muslim Le
Published 03 Mar, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Circular debt issue partly addressed: Prime Minister

Circular debt issue partly addressed: Prime Minister

Prime Min-ister Syed Yousuf Raza Gilani on Friday said the government had addressed the circular debt issue to a large extent and added that it would lead to the thermal generation of electricity to its maximum capacity, improving the supply considerably.
Published 03 Mar, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Circular debt issue partly addressed: Prime Minister

Circular debt issue partly addressed: Prime Minister

Prime Min-ister Syed Yousuf Raza Gilani on Friday said the government had addressed the circular debt issue to a large extent and added that it would lead to the thermal generation of electricity to its maximum capacity, improving the supply considerably.
Published 03 Mar, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 03 Mar, 2012 12:00am
Circular debt issue partly addressed: Prime Minister

Circular debt issue partly addressed: Prime Minister

Prime Min-ister Syed Yousuf Raza Gilani on Friday said the government had addressed the circular debt issue to a large extent and added that it would lead to the thermal generation of electricity to its maximum capacity, improving the supply considerably.
Published 03 Mar, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Friday (March 02, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 03 Mar, 2012 12:00am
PML-N against extension in Pasha's tenure

PML-N against extension in Pasha's tenure

Leader of Opposition in National Assembly Chaudhry Nisar Ali Khan Friday warned that his party would strongly resist any extension in the tenure of Director General Inter-Services Intelligence (ISI) Lieutenant General Ahmed Shuja Pasha. "In no way will th
Published 03 Mar, 2012 12:00am
PML-N against extension in Pasha's tenure

PML-N against extension in Pasha's tenure

Leader of Opposition in National Assembly Chaudhry Nisar Ali Khan Friday warned that his party would strongly resist any extension in the tenure of Director General Inter-Services Intelligence (ISI) Lieutenant General Ahmed Shuja Pasha. "In no way will th
Published 03 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 03 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 03 Mar, 2012 12:00am
BRIDGE NOTES: All roads lead to Rome

BRIDGE NOTES: All roads lead to Rome

Bridge is a game essentially of foresight. For it begins and ends keeping the bid contract in sight, trying to find all roads leading to Rome. A good declarer never loses sigh of the ultimate aim and that is to bring the bid contract successfully home. Of
Published 03 Mar, 2012 12:00am
Book Reviews: The rise of state aristocracy

Book Reviews: The rise of state aristocracy

Pakistan Mein Riyasti Ashrafiya Ka Urooj (The Rise of State Aristocracy), released by the Alternate Solutions Institute is a critique of Pakistan's ruling class that have strengthened their hold on the people and the resources of the country during the pa
Published 03 Mar, 2012 12:00am
Wedding traditions and customs around the world

Wedding traditions and customs around the world

Wedding is the occasion of happiness with well-known ceremonies and rituals, passed down through generations. Based on religion and tradition, these ceremonies commemorated with zest in almost every region of the world.
Published 03 Mar, 2012 12:00am
ART FACTS: Speaking in subdued tones

ART FACTS: Speaking in subdued tones

The quiet and peaceful ambience of Zarah David's landscapes reveals her strong sense of art which she shares through her paintings in a solo exhibition at Ocean Art Galleries, Karachi. Art is in her blood. Daughter of renowned artists Anna Molka Ahmed and
Published 03 Mar, 2012 12:00am
Pact for budget discipline signed by 25 EU states

Pact for budget discipline signed by 25 EU states

All but two European Union countries signed a treaty on tighter budget discipline for the euro zone on Friday, marking a coup for Germany which pushed for the accord to try to prevent a repeat of the loose spending that led to a debt crisis.
Published 03 Mar, 2012 12:00am
Karachi Chronicle: Without a face

Karachi Chronicle: Without a face

The moment Sharmeen Obaid Chinoy's film "Saving Face" won the Oscar in the Best Documentary Short category, thousands of congratulations poured in from all over Pakistan, and from Pakis living abroad, through the websites, Facebook and Twitter. However, i
Published 03 Mar, 2012 12:00am
Pact for budget discipline signed by 25 EU states

Pact for budget discipline signed by 25 EU states

All but two European Union countries signed a treaty on tighter budget discipline for the euro zone on Friday, marking a coup for Germany which pushed for the accord to try to prevent a repeat of the loose spending that led to a debt crisis.
Published 03 Mar, 2012 12:00am
Wheat export premiums steady at US Gulf Coast

Wheat export premiums steady at US Gulf Coast

Wheat export premiums at the US Gulf Coast were mostly steady on Thursday, underpinned by moderate export demand highlighted by Iran's first purchase of US wheat since 2009, traders said. The US Agriculture Department confirmed a private sale of 120,000 t
Published 03 Mar, 2012 12:00am
Pact for budget discipline signed by 25 EU states

Pact for budget discipline signed by 25 EU states

All but two European Union countries signed a treaty on tighter budget discipline for the euro zone on Friday, marking a coup for Germany which pushed for the accord to try to prevent a repeat of the loose spending that led to a debt crisis.
Published 03 Mar, 2012 12:00am
China's February palm oil stocks rise at one million tonnes

China's February palm oil stocks rise at one million tonnes

China's palm oil stocks probably rose to nearly a million tonnes in February with a further build-up seen as traders keep buying cargoes from Malaysia and Indonesia on concern over strengthening prices, a Reuters survey showed on Thursday.
Published 03 Mar, 2012 12:00am
US Midwest corn, soya bids steady

US Midwest corn, soya bids steady

Corn and soyabean spot basis bids held mostly steady around the US Midwest on Thursday as sales of each commodity were slow amid little-changed futures at the Chicago Board of Trade. Soyabean futures posted a modest gain on Thursday but failed to surpass
Published 03 Mar, 2012 12:00am
Ukraine's February grain exports fall 25 percent

Ukraine's February grain exports fall 25 percent

Ukraine's grain exports fell by about 25 percent to 1.7 million tonnes in February from 2.26 million in January, Ukrainian grain lobby UAC said on Friday, after officials said severe cold had hit transportation. UAC said in a statement the volume had incl
Published 03 Mar, 2012 12:00am
No change on grain market

No change on grain market

According to the Grain and Oilseeds Merchants Group, commodity items showed no change on Friday as almost all the participants were busuy in preparations for Juma prayers.
Published 03 Mar, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 131,657 tonnes of cargo comprising1 85,328 tonnes of import cargo and 46,329 tonnes of export cargo including 4,345 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 85,328 ton
Published 03 Mar, 2012 12:00am
Slackened buying interest on cotton market keeps business volume low

Slackened buying interest on cotton market keeps business volume low

Slow daily-intake was again witnessed on cotton market on Friday because mills and spinners remained on the sidelines in the absence of motivating factors, dealers said. The official spot rate resisted further decline, retaining at overnight rate Rs 5,300
Published 03 Mar, 2012 12:00am
KOSPI extends gains

KOSPI extends gains

Seoul shares edged up on Friday to set a three-day rally, closing at a fresh seven-month closing high backed by bullish sentiment from the European Central Bank's second round of liquidity injections and positive US jobs data. Hyundai Motor rose 1.85 perc
Published 03 Mar, 2012 12:00am
Nikkei hits fresh sevem-month high

Nikkei hits fresh sevem-month high

Japan's Nikkei average hit a fresh seven-month closing high on Friday after a European Central Bank liquidity operation this week underpinned market sentiment, but it failed to hold above 9,800 for a third day as market players warned of a correction. Whi
Published 03 Mar, 2012 12:00am
Friday's midday trade: stocks edge lower

Friday's midday trade: stocks edge lower

US stocks edged lower on Friday in a session with sparse economic data, but the S&P 500 and Nasdaq remained on pace for their eighth positive week in the last nine. The S&P 500 has traded in a tight range in the past two weeks, mostly holding on to gains
Published 03 Mar, 2012 12:00am
Wall Street returns to 2008 highs on banks

Wall Street returns to 2008 highs on banks

US stocks rose on Thursday, moving back to 2008 highs, after a jump in bank shares and further upbeat data on the labour market, though sharp gains in oil prices limited the advance. After losses on Wednesday, the rebound took the S&P 500 back above its 1
Published 03 Mar, 2012 12:00am
Taiwan stocks slightly up

Taiwan stocks slightly up

Taiwan stocks closed 0.32 percent higher on Friday, off the day's high, with electronics-related sectors broadly higher at the expense of defensives such as transport, and cement. The main TAIEX index rose 25.70 points to 8,144.04. It had risen to as high
Published 03 Mar, 2012 12:00am
Treasuries stay lower

Treasuries stay lower

US Treasury debt prices fell on Thursday as a pushback in expectations on when the Federal Reserve might launch another round of monetary easing continued to weigh on the market and riskier assets drew money away from safe-haven debt.
Published 03 Mar, 2012 12:00am
Treasuries stay lower

Treasuries stay lower

US Treasury debt prices fell on Thursday as a pushback in expectations on when the Federal Reserve might launch another round of monetary easing continued to weigh on the market and riskier assets drew money away from safe-haven debt.
Published 03 Mar, 2012 12:00am
Hong Kong, China shares rise

Hong Kong, China shares rise

Hong Kong and China shares rose on Friday, bolstered by Chinese banks and developers after Beijing's banking regulator said the country's "Big Four" state-backed banks will lend more to qualified developers to boost the supply of non-luxury housing.
Published 03 Mar, 2012 12:00am
European share markets limp into weekend, banks up

European share markets limp into weekend, banks up

European share markets ended flat on Friday, limping into the weekend in thin trading volumes, although the effects of this week's injection of cheap money from the European Central Bank buoyed banking stocks and are expected to continue to underpin the m
Published 03 Mar, 2012 12:00am
Indian shares rise

Indian shares rise

Indian shares eked out a modest gain on Friday as investors turned cautious ahead of state election results, while a muted response to the government's sale of shares in Oil & Natural Gas Corp raised concerns about its divestment plans.
Published 03 Mar, 2012 12:00am
Miners weigh down FTSE in low volumes

Miners weigh down FTSE in low volumes

Miners dragged down Britain's blue-chip index on Friday in a wave of profit-taking which could push the market down to levels that will lure in the large numbers of investors who have sat out the early 2012 rally.
Published 03 Mar, 2012 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures pulled back on Thursday on profit-taking and spillover weakness from US grains, after notching its biggest monthly gain since mid-2010 in February. Stronger Canadian dollar and weaker crushing margins kept buying interest light
Published 03 Mar, 2012 12:00am
Japan's capex jumps

Japan's capex jumps

Japanese companies unexpectedly raised expenditure in October-December from a year earlier, an encouraging sign for demand as the country rebuilds from last year's devastating earthquake and could mean that fourth-quarter GDP is revised to a positive figu
Published 03 Mar, 2012 12:00am
Ousted Woodford launches Olympus lawsuit

Ousted Woodford launches Olympus lawsuit

Michael Woodford, the ousted Olympus chief executive who blew the whistle on one of Japan's most high-profile frauds, vowed he would hold his former employer to account as he kicked off his legal battle for wrongful dismissal in London on Thursday.
Published 03 Mar, 2012 12:00am
Canada's fourth quarter growth modest

Canada's fourth quarter growth modest

Canada's economic growth slowed markedly in the fourth quarter of 2011, albeit with some underlying strength that could carry it into 2012, leaving the Bank of Canada with continued room to hold interest rates at historic lows. Statistics Canada said on F
Published 03 Mar, 2012 12:00am