Trends - sukuk - Business Recorder

sukuk

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

Sukuk auction: Govt raises Rs2trn in 2024 using PSX platform

KARACHI: The listing of Shariah-compliant securities at the Pakistan Stock Exchange (PSX) marked a significant...

Updated 05 Dec, 2024 09:13am

Business & Finance

Jazz successfully concludes Sukuk issuance of Rs15bn

ISLAMABAD: Jazz has successfully concluded its second unsecured, privately placed short-term Sukuk issuance of Rs15...

Published 01 Nov, 2024 06:51am

Markets

Auction for GIS: PSX raises Rs243bn against Rs200bn target

KARACHI: Pakistan Stock Exchange (PSX) raised Rs 243 billion against a target of Rs 200 billion for the MoF in the...

Updated 19 Oct, 2024 08:10am

Business & Finance

Short-term listed corporate Sukuk market: SECP conducts public hearing on proposed regulatory interventions

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) conducted the first-ever public hearing in...

Published 04 Oct, 2024 07:58am

SBP working on Sukuk alternate structure: governor

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that the SBP is working on an...

Updated 26 Sep, 2024 08:46am

Business & Finance

Pakistani Islamic finance industry: Size estimated to have crossed $42bn: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has disclosed that the size of the Pakistani...

Published 17 Sep, 2024 06:33am

Business & Finance

Rs20bn Green Sukuk likely in Dec

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives (MPD&SI) is tailoring a plan to launch...

Updated 10 Sep, 2024 09:28am

Business & Finance

Sukuk Standard: AAOIFI and Meezan Bank host public hearing session

KARACHI: The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) with Meezan Bank...

Published 12 Jul, 2024 05:48am

World

Emirates Islamic Bank launches $750mn sustainability sukuk, document shows

Emirates Islamic Bank, the Islamic arm of Dubai’s biggest lender Emirates NBD, has launched a $750 million 5-year...

Published 21 May, 2024 05:06pm

Sukuk, other Shariah-compliant financing modes: Govt wants more loans against its unencumbered assets

ISLAMABAD: The federal government has decided to issue domestic and international Sukuk and raise other...

Updated 07 Mar, 2024 09:47am

World

Dubai Islamic Bank starts selling 5-year sustainable sukuk

Dubai Islamic Bank, the biggest Islamic lender in the United Arab Emirates, has started selling 5-year sustainable...

Published 26 Feb, 2024 10:53am

Borrowing level of caretakers comparatively lower than PDM govt’s: MoF

ISLAMABAD: The Finance Ministry has maintained that the domestic and external borrowings during the period of the...

Updated 23 Feb, 2024 08:54am

Business & Finance

Govt picks Rs87bn thru Sukuk auction

KARACHI: The government has smartly borrowed slightly less amount to maintain yields in the latest Sukuk auction at...

Updated 25 Jan, 2024 09:10am

External financing needs: IMF lowers projection to 7.1pc of GDP

ISLAMABAD: The International Monetary Fund (IMF) has lowered the projection of Pakistan’s gross external financing...

Updated 21 Jan, 2024 09:35am

Opinion

Outlook 2024 – II

Increasing bank lending should to be the next move. The ratio of advances to deposits should increase from present...

Updated 03 Jan, 2024 05:59am

Eyeing Rs110bn funding: Govt gearing up to unveil another sukuk auction calendar

KARACHI: In a bid to strengthen its financial standing, the government of Pakistan is gearing up to unveil yet...

Updated 21 Dec, 2023 08:37am

Editorials

Sukuk issuance on PSX floor: foot in the door

EDITORIAL: A historic moment for the Pakistan capital market arrived last week. Unfortunately, however, it did not...

Published 15 Dec, 2023 03:12am

Sukuk auction results in resounding success

KARACHI: The first primary market auction for the Government of Pakistan one-year Ijarah Sukuk at Pakistan Stock...

Updated 12 Dec, 2023 09:30am

Sukuk receives Rs479bn participation against Rs30bn target

KARACHI: The first-ever auction for a one-year Government of Pakistan Ijarah Sukuk at the Pakistan Stock Exchange on...

Updated 09 Dec, 2023 04:34pm

Editorials

The external resource shortfall

EDITORIAL: The budgeted 6 billion dollars from the commercial banking sector abroad and through issuance of...

Published 28 Nov, 2023 04:56am

Business & Finance

SECP standardises structure for issuance of Sukuk

ISLAMABAD: The Shariah Advisory Committee (SAC) of the SECP has approved standardization of the Shariah Structure...

Published 10 Aug, 2023 06:35am

Opinion

Domestic and foreign savings: Government must cease reliance

National savings rate is an important indicator of an economy’s financial health, and its identity with investment...

Published 29 May, 2023 04:27am

Business & Finance

‘Regulatory Sandbox’: SECP to begin accepting applications for testing on 2nd

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will be accepting applications for testing in...

Published 30 Apr, 2023 05:10am

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

Markets

Islamic Development Bank set to raise $2bn with sukuk

DUBAI: The Islamic Development Bank is set to raise $2 billion from a sale of Islamic bonds, or sukuk, maturing in...

Published 07 Mar, 2023 07:11pm

Maiden auction: Govt borrows Rs5.5bn via Ijarah Sukuk

Sukuk is also approved by the Shariah Advisory Committee of the SBP to ensure its adherence to Islamic law

Updated 18 Feb, 2023 01:00pm

Dubai Islamic Bank to raise $1bn with sustainable sukuk

Markets

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Cotton US¢/pound / Dec 18	68.50
Petrol/Litre / Dec 19	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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