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Shariah compliant

Faysal Funds transitions from conventional to Shariah-compliant asset management firm

KARACHI: Faysal Funds is proud to announce a major milestone, having fully transitioned from a conventional asset...

Published 08 Jan, 2025 06:26am

Reverse repo purchase, OMO: SBP pumps Rs2.43trn into the market

KARACHI: The State Bank of Pakistan (SBP) injected Rs2,429.65 billion in the market through reverse repo purchase...

Updated 04 Jan, 2025 11:53am

Opinion

Unlocking Takaful’s potential: A strategic priority for public sector insurers

Takaful, an Islamic insurance model rooted in the principles of mutual help, offers a compelling global alternative....

Updated 26 Dec, 2024 07:09am

Opinion

‘40pc of world’s Shariah-compliant financial experts hail from Pakistan’

This is apropos a Business Recorder news item ‘40pc of world’s Shariah-compliant financial experts hail from...

Published 13 Dec, 2024 07:57am

Business & Finance

Importance of Islamic finance, capital markets highlighted

KARACHI: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said that Islamic finance and...

Published 13 Dec, 2024 06:29am

Business & Finance

FBL partner with Mastercard and 1LINK to launch Shariah-compliant Co-Badged Debit Card

KARACHI: In a landmark move set to reshape the digital payments landscape in Pakistan, Faysal Bank Limited (FBL) has...

Published 01 Oct, 2024 06:49am

Global moot highlights opportunities for growth, innovation in Islamic banking

KARACHI: A high-level international conference titled CotIB -“Conversion to Islamic Banking” highlighted...

Updated 21 Aug, 2024 08:51am

Business & Finance

Brokerage services: DIBPL partners with ZLK

ISLAMABAD/KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL), a subsidiary of Dubai Islamic Bank UAE, the ...

Published 23 Jul, 2024 06:34am

Conventional to Islamic banking: SBP issues broad parameters for conversion

KARACHI: The State Bank of Pakistan (SBP) has developed broad guiding parameters to help banks to devise their...

Updated 29 Jun, 2024 09:10am

Business & Finance

Faysal Funds recognised as Shariah-Compliant Asset Management Company

KARACHI: Faysal Funds proudly announces its official recognition as Pakistan’s premier certified Shariah-Compliant...

Published 10 Apr, 2024 02:16am

Business & Finance

SECP allows brokers to offer complete Shariah-compliant brokerage services

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to allow securities brokers to ...

Published 23 Mar, 2024 05:41am

SECP issues Shariah Governance Regulations, 2023

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has restrained the Shariah compliant...

Updated 20 Sep, 2023 09:12am

SECP gives legal backing to Islamic FIs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has given legal backing to the Islamic...

Updated 20 Sep, 2023 08:47am

Business & Finance

Cos and IFIs: Names on ATL a must for appointing Shariah board members: SECP

ISLAMABAD: The Shariah-compliant companies and Islamic Financial Institutions have been barred from appointing...

Published 24 Mar, 2023 05:55am

Business & Finance

‘Financial system can be made Shariah-compliant by regular issuance of Sukuk’

LAHORE: The financial system of the country can be made Shariah-compliant and interest-free by regular issuance of...

Published 10 Mar, 2023 03:46am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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