News Archives for Print - 2012-10-31

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 31 Oct, 2012 12:00am

EFU GUARANTEED GROWTH FUND Rates

EFU Guaranteed Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

Caretaker setup to take over after mid March: Kaira

Minister for Information and Broadcasting Qamar Zaman Kaira on Tuesday said that caretaker setup would take over the reins of government after March 18 and general elections will be held as per scheduled. Talking to media persons he said the consensus car

Published 31 Oct, 2012 12:00am

EFU GUARANTEED GROWTH FUND Rates

EFU Guaranteed Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

Caretaker setup to take over after mid March: Kaira

Minister for Information and Broadcasting Qamar Zaman Kaira on Tuesday said that caretaker setup would take over the reins of government after March 18 and general elections will be held as per scheduled. Talking to media persons he said the consensus car

Published 31 Oct, 2012 12:00am

EFU GUARANTEED GROWTH FUND Rates

EFU Guaranteed Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

Sales tax registration numbers: FBR likely to launch verification drive

The Federal Board of Revenue (FBR) is expected to launch a country-wide verification drive to check whether manufacturing units with sales tax registration numbers (STRNs) physically exist on their declared business addresses, curbing the incidence of tax

Published 31 Oct, 2012 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 31 Oct, 2012 12:00am

Sales tax registration numbers: FBR likely to launch verification drive

The Federal Board of Revenue (FBR) is expected to launch a country-wide verification drive to check whether manufacturing units with sales tax registration numbers (STRNs) physically exist on their declared business addresses, curbing the incidence of tax

Published 31 Oct, 2012 12:00am

President for complete elimination of polio

President Asif Ali Zardari has reiterated government's commitment to undertake all out efforts for complete eradication of polio virus from the country. Addressing a specially convened meeting in Karachi to review the current situation vis-à-vis Polio era

Published 31 Oct, 2012 12:00am

Sales tax registration numbers: FBR likely to launch verification drive

The Federal Board of Revenue (FBR) is expected to launch a country-wide verification drive to check whether manufacturing units with sales tax registration numbers (STRNs) physically exist on their declared business addresses, curbing the incidence of tax

Published 31 Oct, 2012 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 Oct, 2012 12:00am

CAREC ministers agree on $23 billion action plan to boost central Asia links

Ministers of the 10 Central Asia Regional Economic Co-operation (CAREC) Programme nations have agreed on a plan to implement more than $23 billion in new regional transport infrastructure projects, together with energy and trade initiatives, aimed at crea

Published 31 Oct, 2012 12:00am

Provisionally listed companies

Provisional companies listed in Karachi Stock Exchange.

Published 31 Oct, 2012 12:00am

CAREC ministers agree on $23 billion action plan to boost central Asia links

Ministers of the 10 Central Asia Regional Economic Co-operation (CAREC) Programme nations have agreed on a plan to implement more than $23 billion in new regional transport infrastructure projects, together with energy and trade initiatives, aimed at crea

Published 31 Oct, 2012 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 31 Oct, 2012 12:00am

CAREC ministers agree on $23 billion action plan to boost central Asia links

Ministers of the 10 Central Asia Regional Economic Co-operation (CAREC) Programme nations have agreed on a plan to implement more than $23 billion in new regional transport infrastructure projects, together with energy and trade initiatives, aimed at crea

Published 31 Oct, 2012 12:00am

Dividend/Bonus Announcements

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

Published 31 Oct, 2012 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

BRIndex30 sinks 102.39 points

On Tuesday, BRIndex30 opened at 10,757.05. It touched an intraday high of 10,812.39 and an intraday low of 10,644.92 and closed at 10,654.66, which was -102.39 points or -0.95 percent lower than previous close. Total volume was 57,197,900, which was 67.3

Published 31 Oct, 2012 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday where equities moved both ways and finally settled in positive zone amid range-bound activity due to cautious approach of the investors. The LSE-25 index was declined by 52.42 points to cl

Published 31 Oct, 2012 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday where equities moved both ways and finally settled in positive zone amid range-bound activity due to cautious approach of the investors. The LSE-25 index was declined by 52.42 points to cl

Published 31 Oct, 2012 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

ISE index drops by 4.91 points

Bears dominated the proceedings on the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 4.91 points as the ISE Ten Index moved from 3,097.53 to 3,092.62 p

Published 31 Oct, 2012 12:00am

BRIndex30 sinks 102.39 points

On Tuesday, BRIndex30 opened at 10,757.05. It touched an intraday high of 10,812.39 and an intraday low of 10,644.92 and closed at 10,654.66, which was -102.39 points or -0.95 percent lower than previous close. Total volume was 57,197,900, which was 67.3

Published 31 Oct, 2012 12:00am

ISE index drops by 4.91 points

Bears dominated the proceedings on the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 4.91 points as the ISE Ten Index moved from 3,097.53 to 3,092.62 p

Published 31 Oct, 2012 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

FBR stops electronic processing of ST refund cases

The Federal Board of Revenue (FBR) has temporarily stopped electronic processing of a number of sales tax refund cases through the Sales Tax Automated Refund Repository Computer System' (STARR) and cases are referred to Regional Tax Offices (RTOs) for man

Published 31 Oct, 2012 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

FBR stops electronic processing of ST refund cases

The Federal Board of Revenue (FBR) has temporarily stopped electronic processing of a number of sales tax refund cases through the Sales Tax Automated Refund Repository Computer System' (STARR) and cases are referred to Regional Tax Offices (RTOs) for man

Published 31 Oct, 2012 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

FBR stops electronic processing of ST refund cases

The Federal Board of Revenue (FBR) has temporarily stopped electronic processing of a number of sales tax refund cases through the Sales Tax Automated Refund Repository Computer System'' (STARR) and cases are referred to Regional Tax Offices (RTOs) for ma

Published 31 Oct, 2012 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Tuesday (October 30, 2012).

Published 31 Oct, 2012 12:00am

The Election Laws (Amendment) Bill, 2012: Cabinet likely to give its approval

The Cabinet on Wednesday (today) is likely to approve 'The Election Laws (Amendment) Bill, 2012'. It is learnt that the government wants some consequential amendments in the Representation of the People Act of 1976 and the Senate (Election) Act of 1975 to

Published 31 Oct, 2012 12:00am

Buoyant retail sales boost sterling versus dollar

Sterling rose against the dollar on Tuesday after a survey showed better-than-expected retail sales in October and bolstered chances of a sustained economic recovery in the UK. The pound was up 0.3 percent at $1.6082, edging closer towards last week's hig

Published 31 Oct, 2012 12:00am

Swiss franc climbs

The Swiss franc climbed alongside the euro against the dollar on Tuesday, with the common currency supported by investors prepared to take on risk, which also helped European equity markets gain. The franc rose 0.3 percent against the dollar to trade at 0

Published 31 Oct, 2012 12:00am

BP spurs biggest FTSE gains for two weeks

Britain's bluechip index posted its biggest gain in two weeks on Tuesday after BP's earnings topped forecasts, although volumes were among the lowest this year as US markets stayed shut. BP shares topped the FTSE 100 gainers, jumping 4.2 percent after the

Published 31 Oct, 2012 12:00am

South Korean shares rise

South Korean shares rose on Tuesday as local institutions hunted for bargains among large cap stocks, with automakers the top performers. The Korea Composite Stock Price Index (KOSPI) rose 0.4 percent to close at 1,899.58 points, recovering from the seven

Published 31 Oct, 2012 12:00am

Southeast Asian markets: banks lead Indonesia, Malaysia to record close

Indonesia's benchmark index closed at a record high on Tuesday as strong quarterly earnings from banks such as Bank Mandiri helped lift sentiment, and Malaysia marked a record close for the fourth straight session as investors piled into banking stocks.

Published 31 Oct, 2012 12:00am

European bourses buoyed by banks, BP

Reassuring business updates from oil major BP and several major banks lifted European shares on Tuesday, with a key European equity index reaching its highest in more than a week. However, traders said near-term direction would be influenced in part by wh

Published 31 Oct, 2012 12:00am

Hong Kong shares sink; China up

Hong Kong shares sank to their lowest in almost two weeks on Tuesday, with most local developers slipping further in the wake of fresh curbs on real estate purchases in the territory. Investors also took profits on Chinese banks, recent outperformers afte

Published 31 Oct, 2012 12:00am

Treasuries gain in safety buying

US Treasury debt prices rose on Monday as a perceived gain in political risks in Italy and concerns about the strength of the US economic recovery fuelled safe-haven buying in thin trade as Hurricane Sandy was on track to pummel the US East Coast. The Sec

Published 31 Oct, 2012 12:00am

Treasuries gain in safety buying

US Treasury debt prices rose on Monday as a perceived gain in political risks in Italy and concerns about the strength of the US economic recovery fuelled safe-haven buying in thin trade as Hurricane Sandy was on track to pummel the US East Coast. The Sec

Published 31 Oct, 2012 12:00am

Taiwan stocks jump

Taiwan stocks jumped 1.28 percent on Tuesday, bouncing from a 13-week closing low and outperforming regional bourses, lifted by Hon Hai and LCD makers. The main TAIEX index rose 90.92 points to 7,182.59, after opening up 0.58 percent. Hon Hai surged 4.76

Published 31 Oct, 2012 12:00am

Nikkei falls to two-week low after BoJ eases

Japan's Nikkei average fell 1 percent to a two-week closing low on Tuesday after the Bank of Japan eased monetary policy by increasing the size of its asset buying and lending programme by $138 billion, largely as expected. The Nikkei closed 87.36 points

Published 31 Oct, 2012 12:00am

Indian stock indices tumble

India's main indices posted their biggest falls in three weeks on Tuesday after the central bank left the repo rate on hold and signalled no easing action would be taken until 2013, denting interest rate sensitive sectors such as banks and property. Banks

Published 31 Oct, 2012 12:00am

Middle East markets: Dana Gas drops on sukuk news; Gulf markets flat

Shares in Abu Dhabi-listed Dana Gas tumbled on Tuesday to their lowest finish since October 4 after sources familiar with the matter said the firm would not repay its sukuk on maturity. But Gulf stock markets finished near-flat in quiet trade, amid a post

Published 31 Oct, 2012 12:00am

Australian shares up

Australian shares nudged up 0.2 percent on Tuesday as investors bought into defensive sectors, though the market lacked broad direction with Wall Street closed for at least two days due to powerful storm Sandy. Shares in Virgin Australia Holdings Ltd jump

Published 31 Oct, 2012 12:00am

Israel slams NGO report on settlement goods

Israel on Tuesday reacted angrily to a report by several NGOs that accused the EU of implicitly supporting Jewish settlements by doing business with them, even though they are illegal under international law. The report recommended that governments ensure

Published 31 Oct, 2012 12:00am

Italian politics in disarray after Sicily 'tsunami'

Italy's major parties were in disarray Tuesday after an anti-establishment party headed by comic Beppe Grillo made major gains in a regional election in Sicily seen as a test of political waters ahead of a national vote next year. Sunday's ballot saw Gril

Published 31 Oct, 2012 12:00am

Israel army arrests 5 Palestinians in West Bank

Israeli troops arrested five Palestinians in the West Bank overnight, including two men with ties to the radical Islamic Jihad movement, witnesses told AFP on Tuesday. In a pre-dawn raid in Beit Ummar village just north of the southern city of Hebron, tro

Published 31 Oct, 2012 12:00am

Turkey says 'no point' in dialogue with Syria

Turkey is ruling out any dialogue with the Syrian regime, Foreign Minister Ahmet Davutoglu said on Tuesday, a day after Moscow called for negotiations with Damascus as the only way to end the escalating conflict. "There is no point in engaging in dialogue

Published 31 Oct, 2012 12:00am

Ukraine lashed over 'step backward' in polls

US Secretary of State Hillary Clinton on Tuesday accused Ukraine of taking a step backwards in legislative elections won by the ruling party but which the opposition claimed were unfair and fraudulent. Jailed former prime minister and opposition leader Yu

Published 31 Oct, 2012 12:00am

WWII bomb found near Japan runway halts flights

A huge unexploded World War II bomb has been found buried near the runway of one of Japan's busiest regional airports, forcing all flights to be cancelled Tuesday, officials said. A worker rebuilding drainage systems near Sendai Airport - which was swampe

Published 31 Oct, 2012 12:00am

Sandy muffles US campaign a week from election day

Superstorm Sandy muffled vitriolic campaigning a week from the US election, as President Barack Obama managed the aftermath Tuesday and Mitt Romney faced a post-disaster political minefield. Obama stayed in the White House, acting as a leader in the eye o

Published 31 Oct, 2012 12:00am

Russian 'kidnap' mother gets two-year sentence in France

A French court on Tuesday slapped a two-year suspended sentence on a Russian woman who kidnapped her seven-year-old daughter from the girl's French father in 2009. Irina Belenkaya was convicted on two counts of kidnapping and assault against the girl's fa

Published 31 Oct, 2012 12:00am

Iran naval visit reflects strong ties: Sudan military

The visit of two Iranian naval ships to Sudan reflects strong ties between the countries, Sudan's military said on Tuesday after Khartoum denied Iranian involvement in weapons manufacturing. Sudan's links to Iran have come under scrutiny after Khartoum ac

Published 31 Oct, 2012 12:00am

Low trading witnessed on grain market

Little business activity was seen on the wholesale market on Tuesday as most of the commodity items held the pre-Eid holiday levels, dealers said. On the rice side, Irri-6 Sindh low type was unchanged at Rs 3250 while the best type was higher by Rs 25 to

Published 31 Oct, 2012 12:00am

US Midwest soya bids up

Spot soyabean basis bids were mostly higher on Monday amid slow farmer selling as the harvest wound down, with the price jumping 25 cents a bushel at a grain elevator in Iowa. Grains merchants said bids for corn and soyabeans were higher at river location

Published 31 Oct, 2012 12:00am

Cotton market: lean business activity amid post-holiday session

Mills and spinners showed no interest in fresh buying amid pos-holiday session, dealers said on the cotton market on Tuesday. Official spot rate was unchanged at Rs 5,650, they said. In the ready business, nearly, 5,000 bales of cotton changed hands betwe

Published 31 Oct, 2012 12:00am

Oil cake market rates

Easier trend was witnessed on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The December vaida closed at Rs 444.70 but commenced with a decline of 20 paisa at Rs 444.50 at open, they said. The January contract

Published 31 Oct, 2012 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 69,131 tonnes of cargo comprising 61,410 tonnes of import cargo and 7,721 tonnes of export cargo including 2,277 loaded & empty containers during the last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 61,410 t

Published 31 Oct, 2012 12:00am

Canadian canola futures lower

ICE Canadian canola futures mostly fell on Monday, pressured by a drop in soyabeans and rapeseed futures. Soyabeans, which often set the direction for oilseed competitor canola, were weaker due to better Brazilian crop weather. Canola underpinned by tight

Published 31 Oct, 2012 12:00am

Russian wheat prices hit new high despite government sales

Russian domestic wheat prices rose last week to a new high despite sales from government intervention stocks last week aimed at steadying markets in the drought-hit country, SovEcon agricultural analysts said in a note on Monday. Last week Russia, one of

Published 31 Oct, 2012 12:00am

'Iran likely to import over 100,000 tonnes of Argentine soyaoil'

Iran is likely to import over 100,000 tonnes of soyaoil from Argentina in October-December 2012 as Iran's purchasing of soyabeans, soyaoil and soyameal is recovering from the impact of sanctions, Hamburg-based oilseeds analysts Oil World said on Tuesday.

Published 31 Oct, 2012 12:00am

Vietnamese coffee expected to pick up next month

Demand for Vietnamese robusta beans is expected to pick up next month when the country's coffee harvest of quality beans peaks, traders said on Tuesday, reversing the current lull in trade among roasters. Foreign buyers are also waiting for prices to soft

Published 31 Oct, 2012 12:00am

Burundi grows, but still falls short

Burundi expects its economy to expand by 5 percent annually over the next three to four years, still below the rate needed to lift it out of poverty, the country's finance minister said. The central African nation of eight million people projects this yea

Published 31 Oct, 2012 12:00am

Russia's Sintez sees potential in Greek gas

Russian energy firm Sintez Group sees Greece as a good investment opportunity and plans to bid for energy assets to benefit from an expected shift to natural gas, its CEO said. Sintez also hopes Greece will develop into a gas transit hub, CEO Andrey Korol

Published 31 Oct, 2012 12:00am

'Ghost Exchange' film questions runaway stock market technology

A Washington-based filmmaker is taking a hard look at how the US stock market evolved from a crowded, noisy trading space into a quiet one dominated by machines in her new film, "Ghost Exchange." The feature-length documentary film portrays the market as

Published 31 Oct, 2012 12:00am

Creative drug pricing flourishes in hard-up Europe

Fifty percent off the first three months of cancer medicine. Buy a course of eye treatment and get extra injections free. A money-back guarantee if your erectile dysfunction pills don't work. "Special offers" on prescription medicines are all the rage in

Published 31 Oct, 2012 12:00am

Santander UK haunted anew by old shipping loans

Santander's British arm suffered a fresh blow from the shipping market exposure blighting many banks, taking another big hit on loans inherited from its take-over of Alliance & Leicester five years ago. Santander UK made a provision of 335 million pounds

Published 31 Oct, 2012 12:00am

Burger King bounces back as McDonald's flags

Burger King World-wide Inc turned in stronger-than-expected US and Canadian restaurant sales for the latest quarter - when rival McDonald's Corp posted its worst quarterly restaurant sales growth in nine years. Burger King executives declined to say wheth

Published 31 Oct, 2012 12:00am

Most companies won't be early adopters of Windows 8

There was once a time when the launch of a new Windows operating system was a huge deal for the technology departments in many businesses. Not anymore. Microsoft Corp's release of Windows 8 on Friday is likely to be a non-event for most companies - and so

Published 31 Oct, 2012 12:00am

Brazil to miss full 2012 budget target

Brazil's government, which took aggressive measures to boost growth during a sharp economic slowdown, will resort to an accounting gimmick to meet its most closely watched budget target this year. Brazil will calculate its primary budget surplus - income

Published 31 Oct, 2012 12:00am

Russia to buy 35 Boeing 737 MAX jets worth more than $3 billion

A Russian state-owned leasing firm has signed a commitment to buy 35 Boeing 737 MAX passenger jets with a market value of more than $3 billion, the companies announced on Tuesday. Boeing and Aviation Capital Services, a fully-owned subsidiary of the state

Published 31 Oct, 2012 12:00am

Japan's Hitachi to buy British nuclear firm Horizon

Japan's Hitachi said Tuesday it would buy British atomic power venture Horizon to expand its nuclear business overseas, as Japanese remain wary about atomic power after the Fukushima disaster. The company said it had agreed with Horizon Nuclear Power's 50

Published 31 Oct, 2012 12:00am

Mahindra Satyam quarterly net profit up 17 percent

Indian software outsourcing giant Mahindra Satyam said Tuesday its quarterly net profit rose 17 percent year-on-year, beating forecasts, as orders climbed. The company, which is set to merge with its parent Tech Mahindra, said net profit rose to 2.78 bill

Published 31 Oct, 2012 12:00am

Mahindra Satyam quarterly net profit up 17 percent

Indian software outsourcing giant Mahindra Satyam said Tuesday its quarterly net profit rose 17 percent year-on-year, beating forecasts, as orders climbed. The company, which is set to merge with its parent Tech Mahindra, said net profit rose to 2.78 bill

Published 31 Oct, 2012 12:00am

South Africa pace attack best ever: Donald

South Africa bowling coach Allan Donald Tuesday called his country's current pace attack the best he has seen, as they fine-tune ahead of a three Test series against Australia. Donald in his prime was one of the best fast bowlers ever seen in Test cricket

Published 31 Oct, 2012 12:00am

Chelsea, United braced for swift reunion

Alex Ferguson has wished referee Lee Mason "good luck" in Wednesday's League Cup tie between Manchester United and Chelsea, just three days after their fiery Stamford Bridge clash ended in controversy. The fall-out from United's thrilling victory on Sunda

Published 31 Oct, 2012 12:00am

England get Finn scare in India tour opener

Paceman Steven Finn limped off the field with a thigh injury as England's bowlers struggled on the opening day of their Indian tour in Mumbai on Tuesday. The tourists were kept on the field for the entire first day's play as India 'A', lifted by Manoj Tiw

Published 31 Oct, 2012 12:00am

Gavaskar fears for 'vulnerable' India

Batting great Sunil Gavaskar says England's "final frontier" could prove to be just a small hurdle as they bid for a first Test series win against "vulnerable" India in almost three decades. Gavaskar said the home side were going into the four-Test series

Published 31 Oct, 2012 12:00am

Police investigate Stamford Bridge referee

London's Metropolitan Police said Tuesday they were investigating alleged racist comments made by the referee during last weekend's Premier League match between Chelsea and Manchester United. Scotland Yard said they were looking into the allegations again

Published 31 Oct, 2012 12:00am

Kaneria's life ban appeal to be heard in December

Pakistan leg-spinner Danish Kaneria will have his appeal against a life ban for corruption in English county cricket heard in Britain in early December, a source close to the former Test player told Reuters. Kaneria, 31, was banned for life from playing i

Published 31 Oct, 2012 12:00am

Punjab Youth Festival: GCUF clinch top positions in hockey, volleyball

The Government College University Faisalabad (GCUF) has clinched first and second positions in hockey and volley ball competitions respectively across the province held under the Punjab Youth Festival. Director Sports Muhammad Rafiq Wahla said during a br

Published 31 Oct, 2012 12:00am

Police break up Tomic brawl

Police were called to break up a fight between Australia's struggling number one tennis hope Bernard Tomic and a male friend after a night of partying, reports said on Tuesday. Queensland state police said they attended a disturbance at Surfers Paradise,

Published 31 Oct, 2012 12:00am

Australia applauds day/night Tests approval

Cricket Australia Tuesday said it wanted to start playing day/night Tests as soon as practical after the International Cricket Council gave its seal of approval to the concept. The ICC late Monday announced that Tests can finally take place under lights,

Published 31 Oct, 2012 12:00am

Williams sisters due in Nigeria for women's rights tour

American tennis stars Serena and Venus Williams are set to arrive in Nigeria's largest city on Tuesday as part of a two-nation tour that will see them play exhibition matches to promote women's rights. The sisters are both counted among the United States'

Published 31 Oct, 2012 12:00am

Asia Kabaddi Tournament to begin from October 31

Pakistan Kabaddi Federation (PKF) has finalised necessary arrangements for the 2nd Asia Cup Kabaddi Tournament, which will get underway here at the Punjab Stadium from November 1. Eight countries including host Pakistan are likely to feature in this mega

Published 31 Oct, 2012 12:00am

GGMS Shaheen Muslim Town win tug-of-war competition

Government Girls Middle School Shaheen Muslim Town, Peshawar has won district tug-of-war competition held among public sector Girls Middle Schools of the district Peshawar in the provincial capital. According to detail, annual competitions of Tug-of-War w

Published 31 Oct, 2012 12:00am

BoJ boosts stimulus for sagging economy, markets unimpressed

The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession. In a well-flagged move

Published 31 Oct, 2012 12:00am

BoJ boosts stimulus for sagging economy, markets unimpressed

The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession. In a well-flagged move

Published 31 Oct, 2012 12:00am

US home prices climb for seventh month in a row

US home prices gained further traction in August as some of the hardest hit regions continued to improve in the latest sign that the housing market is on the mend. The S&P/Case Shiller composite index of 20 metropolitan areas released on Tuesday gained 0.

Published 31 Oct, 2012 12:00am

Honda in tie-up with Malaysia's Proton

Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative partnership, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up. In a statement to the Malaysian stock exchange on Monday, Proto

Published 31 Oct, 2012 12:00am

Ford profit beats forecasts

Ford Motor Co on Tuesday posted a third-quarter profit that trounced Wall Street forecasts due to higher vehicle prices and record-high profit margins of 12 percent in North America. The No 2 US automaker posted an operating profit of $2.2 billion, or 40

Published 31 Oct, 2012 12:00am

Ford profit beats forecasts

Ford Motor Co on Tuesday posted a third-quarter profit that trounced Wall Street forecasts due to higher vehicle prices and record-high profit margins of 12 percent in North America. The No 2 US automaker posted an operating profit of $2.2 billion, or 40

Published 31 Oct, 2012 12:00am

BP hikes dividend as fights back from oil spill

British oil group BP Plc raised its dividend on Tuesday, confident it can fight back from a devastating US oil spill with a big pile of cash, a rejigged business in Russia and a focus on exploration and production. BP has fallen to a distant fourth in the

Published 31 Oct, 2012 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 19	281.52
USD PKR Interbank Buying / Sep 19	281.27
USD to Japanese Yen / Sep 19	147.95
USD to Swiss Franc / Sep 19	0.80
Pound Sterling to USD / Sep 19	1.35
Euro to USD / Sep 19	1.17
UK LIBOR % / Sep 19	4.96

Stock	Volume
S&P 500 / Sep 19	6,664.36
India Sensex / Sep 19	82,626.23
Tokyo Nikkei / Sep 19	45,045.81
Nasdaq / Sep 19	22,631.48
Hang Seng / Sep 19	26,545.10
FTSE 100 / Sep 19	9,216.67
Dow Jones / Sep 19	46,315.27
Germany DAX 30 / Sep 19	23,639.41
France CAC40 / Sep 19	7,853.59

Item	Value
Crude Oil USD/Barrel / Sep 19	63.68
Karachi Cotton PKR/37.32 KG / Sep 19	15,580
Gold 10 Grams PKR / Sep 19	332,218
Gold Spot USD/Ounce / Sep 19	3,685.30
Cotton US¢/pound / Sep 19	66.29
Petrol/Litre / Sep 23	264.61
Diesel/Litre / Sep 23	272.77

Stock	Price
Cres.Star Ins. / Sep 19 Crescent Star Insurance Limited(CSIL)	6.37 ▲ 1 (18.62%)
First Punjab Modaraba / Sep 19 First Punjab Modaraba(FPJM)	7.35 ▲ 0.77 (11.7%)
D.S. Ind. Ltd. / Sep 19 D.S. Industries Limited(DSIL)	10.18 ▲ 1 (10.89%)
B.O.Punjab / Sep 19 The Bank of Punjab(BOP)	26.27 ▲ 2.39 (10.01%)
Metro Steel / Sep 19 Metropolitan Steel Corporation Limited(MSCL)	18.68 ▲ 1.7 (10.01%)
At-Tahur Ltd. / Sep 19 At-Tahur Limited(PREMA)	48.13 ▲ 4.38 (10.01%)
Tariq Corporation / Sep 19 Tariq Corporation Limited(TCORP)	18.91 ▲ 1.72 (10.01%)
Crescent Cotton / Sep 19 Crescent Cotton Mills Limited(CCM)	61.78 ▲ 5.62 (10.01%)
Calcorp Ltd / Sep 19 Calcorp Limited(CASH)	45.94 ▲ 4.18 (10.01%)
Beco Steel Ltd / Sep 19 Beco Steel Limited(BECO)	28.92 ▲ 2.63 (10%)

Stock	Price
Media Times Ltd / Sep 19 Media Times Limited(MDTL)	5.35 ▼ -0.63 (-10.54%)
Idrees Tex. / Sep 19 Idrees Textile Mills Limited(IDRT)	26.46 ▼ -2.94 (-10%)
J.K.Spinning / Sep 19 J.K. Spinning Mills Limited(JKSM)	247.10 ▼ -27.46 (-10%)
First Elite Cap.Mod / Sep 19 First Elite Capital Modaraba(FECM)	33.80 ▼ -3.75 (-9.99%)
F. Nat.Equities / Sep 19 First National Equities Limited(FNEL)	8.55 ▼ -0.91 (-9.62%)
First AL-Noor Mod. / Sep 19 First Al-Noor Modaraba(FANM)	6.25 ▼ -0.62 (-9.02%)
Universal Ins. / Sep 19 The Universal Insurance Company Limited(UVIC)	32.50 ▼ -3.21 (-8.99%)
Reliance Weaving / Sep 19 Reliance Weaving Mills Limited(REWM)	105.19 ▼ -9.18 (-8.03%)
Olympia Mills / Sep 19 Olympia Mills Limited(OML)	36.50 ▼ -3.05 (-7.71%)
Wasl Mobility Mod. / Sep 19 Wasl Mobility Modaraba(WASL)	6.09 ▼ -0.5 (-7.59%)

Stock	Volume
Cnergyico PK / Sep 19 Cnergyico PK Limited(CNERGY)	169,773,055 ▼ -0.34
B.O.Punjab / Sep 19 The Bank of Punjab(BOP)	165,854,902 ▲ 2.39
WorldCall Telecom / Sep 19 Worldcall Telecom Limited(WTL)	162,011,397 ▼ -0.11
Pak Int.Bulk / Sep 19 Pakistan International Bulk Terminal(PIBTL)	135,091,867 ▲ 0.51
K-Electric Ltd. / Sep 19 K-Electric Limited(KEL)	94,275,609 ▲ 0.02
Bank Makramah / Sep 19 Bank Makramah Limited(BML)	89,879,525 ▲ 0.65
P.T.C.L. / Sep 19 Pakistan Telecommunication Company Ltd(PTC)	77,889,542 ▲ 1.6
Fauji Foods Ltd / Sep 19 Fauji Foods Limited(FFL)	74,618,668 ▲ 0.09
Telecard Limited / Sep 19 Telecard Limited(TELE)	66,954,977 ▼ -0.23
Kohinoor Spinning / Sep 19 Kohinoor Spinning Mills Limited(KOSM)	58,032,740 ▼ -0.21

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