News
Index up 42.04 points
KARACHI (September 08, 2010): The KSE-100 index on Tuesday rose by 42.04 points and closed at 9,748.14 points due to foreign and institutional buying in some select stocks. The market opened on a positive note and the index hit 9,767.73 points intra-day high. However, the index dropped into negative zone to hit 9,687.36 points intra-day low due to selling by local investors.
Bullish sentiments dominate LSE
LAHORE (September 08, 2010): Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Tuesday and the equities maintained upward slide under the lead of oil sector amid decreased trading turnover due to lacking investors´ interest. The LSE-25 index gained 25.34 points and was closed at 3081.39 against 3056.05 of Monday, while transaction volume squeezed to 1.074 million shares, as compared to 1.567 million shares traded a day earlier.
Equities move both ways on ISE
ISLAMABAD (September 08, 2010): Equities moved both ways at Islamabad Stock Exchange (ISE) on Tuesday where investors adopted cautious approach under the lead of hot favourite amid increase in index. ISE-10 Index showed an improvement of 16.85 points from 2,511.00 to 2,527.85 points. Turnover amounted to 71,750 shares as compared to previous volume of 230,537 shares.
BRIndex30 gains 15.49 points
KARACHI (September 08, 2010): On Tuesday, the BRIndex30 opened at 7,474.07 points and fluctuated between positive and negative throughout the trading session. It touched the intra-day high of 7,513.90 points and low of 7,440.83 points and closed at 7,489.56 points with a net positive change of 15.49 points, or 0.21 percent.
SECP registered 217 companies in August
ISLAMABAD (September 08, 2010): The Securities and Exchange Commission of Pakistan (SECP) has registered 217 companies in August, increasing the total corporate portfolio to 56,568 companies. The new incorporations includes 196 private companies, 4 public unlisted companies, 11 single-member companies, 4 non-profit associations under Section 42 of the Companies Ordinance, 1984, one company limited by guarantee and one foreign company.
SBP asks DFIs to submit ´infrastructure bond´ plans
KARACHI (September 08, 2010): The State Bank of Pakistan has asked the development financial institutions (DFIs) to submit their plans for ´Infrastructure Bonds´ in concrete shape in the next two days. Chairing a meeting of DFIs here on Tuesday at SBP head office, SBP deputy governor Kamran Shahzad directed DFIs to separately design feasibility for the issuance of ´Infrastructure Bonds´ to generate massive funds for the rehabilitation of flood-hit areas and submit by Thursday to finalise the proposal.
THE RUPEE: dollar crosses Rs 86 mark
KARACHI (September 08 2010): The dollar crossed the high mark at Rs 86 on the currency market on Tuesday due to rising demand for the greenback, dealers said. The rupee after maintaining a stable trend for a long time, fell sharply versus dollar, losing 17 paisa for buying at 86.01 and lost 18 paisa for selling at 86.06, they said.
INTERBANK MARKET RATES: Buying of dollars kept the rupee under pressure versus the greenback but it looks that the rupee may reverse back its losses on expectations of high remittances, money experts said. In the second Asian trade euro fell from a three-week peak against dollar hit the previous day, as rekindled worries about the European banking sector prompted investors to cut risks.
The euro fell 0.6 percent on the day to $1.2797 after triggering stop-loss orders in the $1.2850-60 area, as a Wall Street Journal report stoked fears about the viability of European banks by highlighting the weakness of euro zone stress tests earlier in the year.
Indian rupee was trading at Rs 46.54 versus dollar, Malaysian ringgit was available at 3.1210 in relation to dollar and Chinese yuan was at 6.7880 in terms of the greenback.
OPEN MARKET RATES: The rupee retained overnight level against dollar for buying at 85.20 while it shed five paisa at 85.40 for selling, they said. The rupee appreciated by Rs 1.20 in terms of euro for buying and selling at Rs 107.90 and Rs 108.40, they added.
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Open Buying Rs 85.20
Open Selling Rs 85.40
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Government to launch long-term ´Infrastructure Bond´
KARACHI (September 07, 2010): President Asif Ali Zardari on Monday asked the State Bank of Pakistan and Development Financial Institutions (DFIs) to prepare feasibility to launch long-term "Infrastructure Bond" for the rehabilitation and reconstruction of flood affected areas.
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Companies Announcements
SANA INDUSTRIES LIMITED
Financial Results for the Year June 30, 2010, Declaration 60% (F) Cash Dividend EPS 6.70 FIRST PRUDENTIAL MODARABA
Financial Results for the Year ended June 30, 2010, Declaration Nil EPS 0.38 LAFARGE PAKISTAN LIMITED
Financial Results for the Quarter & Half Year ended June 30, 2010, Declaration Nil EPS Qtr (0.23) & Half Year EPS (0.54) PAKISTAN ELEKTRON LIMITED
Financial Results for the 2nd Quarter Ended June 30, 2010, Declaration NIL UBL CAPITAL PROTECTED FUND-1
Financial Results for the Year June 30, 2010, Declaration 9% Bonus Shares CAPITAL ASSETS LEASING CORPORATION LIMITED
Financial Results for the Year June 30, 2010, Declaration Nil EPS (3.44) SUMMIT BANK
Financial Results for the Half Year ended June 30, 2010, Declaration Nil Half year EPS (0.38) Qtr EPS . 0.05 INDUS MOTOR COMPANY LIMITED
Financial Results for the Year June 30, 2010, Declaration 100% (F) Cash Dividend EPS 43.81 STANDARD CHARTERED BANK (PAKISTAN) LIMITED
Financial Results for the Half Year ended June 30, 2010, Declaration Nil EPS UBL LIQUIDITY PLUS FUND
Financial Results for the Year ended June 30, 2010, Declaration Nil UNITED COMPOSITE ISLAMIC FUND
Financial Results for the year ended June 30, 2010, Declaration NIL NIB BANK LIMITED
Financial Results for the Half Year ended June 30, 2010, Declaration Nil EPS
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Islamabad Stock Exchange