News
Index gains 46.84 points
KARACHI (March 10, 2010): Bullish trend continued at the Karachi share market on Tuesday on the back of strong interest of foreign investors, and the KSE-100 index gained 46.84 points to close at 9,787.03 points level. After opening in green zone, the index hit 9,859.57 points intra-day high, up 119.38 points.
BRIndex30 index up 26.28 points
KARACHI (March 10, 2010): On Tuesday, the BRIndex30 Index opened at 8,552.02 points and remained in positive for the whole market time. It touched intra-day high of 8,641.62 and low of 8,552.02 points and closed at 8,578.30 points, with a positive change of 26.28 points, or 0.31 percent.
KSE board proposes names for NCCP, CDC chiefs
KARACHI (March 10, 2010): The board of directors of Karachi Stock Exchange (KSE) has proposed the name of Adnan Afridi, the sitting MD of the exchange, as chairman of National Clearing Company of Pakistan Limited (NCCPL), it is learnt. The KSE board in its meeting held here on Tuesday also proposed the name of Wahab Kodvavi as chairman of Central Depository Company of Pakistan Limited (CDC).
270 companies registered during February: SECP
ISLAMABAD (March 10, 2010): The Securities and Exchange Commission of Pakistan (SECP) registered 270 companies during February 2010. A press release of the SECP issued on Tuesday said that an increasing trend in new incorporation has been witnessed since November 2009, ie 189, 237 and 254 companies were incorporated in November, 2009, December, 2009 and January 2010 respectively.
SECP clarification
ISLAMABAD (March 09, 2010): The report that appeared in Business Recorder of 8 March 2010 included a letter sent to the Finance Secretary by the Commissioner (Legal) of Securities and Exchange Commission of Pakistan. The contents of the letter contained allegations which are baseless and unfounded. A detailed response is being prepared and will be sent to the relevant authorities.
Azgard Nine to launch IPO at Rs 30 per share
KARACHI (March 09, 2010): The Karachi Stock Exchange will witness another initial public offering (IPO) as Azgard Nine Limited (ANL) has announced to offer 83.333 million ordinary shares of Pak American Fertiliser Limited (PAFL) from its existing share holding in the company at an offer price of Rs 30 per share.
IIBL fails to meet terms of revival plan: administrator mandated to ensure payments to depositors in min possible time
ISLAMABAD (March 09, 2010): The Securities and Exchange Commission of Pakistan (SECP) has mandated the Administrator of the Innovative Investment Bank Ltd (IIBL), formerly known as Crescent Standard Investment Bank Limited (CSIBL) to ensure payments to the depositors in minimum possible time as the Bank failed to meet the agreed terms of revival plan on sustainable basis.
Formal trading of FFCL starts at KSE
KARACHI (March 09, 2010): The formal trading of Fatima Fertiliser Company Limited (FFCL) started at Karachi Stock Exchange (KSE) on Monday. The session started with the traditional opening bell. The chairman Arif Habib Group, Arif Habib rang the bell. While talking to media, Arif Habib said that a very good response was witnessed in the initial public offering (IPO) of FFCL as the IPO was oversubscribed.
THE RUPEE: dollar moves both ways
KARACHI (March 09 2010): The rupee resisted sharp fall against the dollar on the local currency market on Monday in process of trading, experts said. On the interbank market the rupee recovered five paisa against dollar for buying and selling at 84.65 and 84.70, they said. In the first session of Asia yen was under pressure while demand for higher-yielding currencies was robust after better-than-expected US jobs data supported optimism about an economic recovery.
The yen fell broadly, with traders citing yen-selling flows from hedge funds. Currencies such as the Australian dollar rose against yen, getting a boost from a rise in demand for equities and other risky assets.
OPEN MARKET RATES: The rupee failed to maintain its firmness, losing 15 paisa for buying and selling at 84.75 and 84.95, dealers said. The rupee followed the same pattern in terms of euro, falling 15 paisa for buying and selling at Rs 114.55 and Rs 115.05, they added.
===================
Buying Rs 84.65
Selling Rs.84.70
============
|
Companies Announcements
NATIONAL BANK OF PAKISTAN
Financial Results for the Year Ended December 31, 2009, Declaration 75% (F ) Cash Dividend 25% Bonus Shares EPS 16.82. THE ROYAL BANK OF SCOTLAND
Financial Results for the Year Ended December 31, 2009, Declaration Nil EPS (0.80) ARIF HABIB BANK LIMITED
Financial Results for the Year Ended December 31, 2009, Declaration Nil EPS (4.13) HABIB METROPOLITAN BANK
Financial Results for the Year year Ended December 31, 2009 Declaration 10% Cash Dividend 16% Bonus Share EPS 3.64 UNITED BANK LIMITED
Financial Results for the Year Ended December 31, 2009, Declaration 25% Cash Dividend & 10% Bonus Shares EPS 8.26 Book Closure 17/03/2010 to 30/03/2010 TRI-STAR MUTUAL FUND
Financial Results for the 2nd quarter Ended December 31, 2009, Declaration Nil EPS Qtr. (0.06) Half year EPS 0.83 APOLLO TEXTILE MILLS LTD
Financial Results for the Half year Ended December 31, 2009 Declaration NIL EPS (3.08) SARITOW SPINNING MILLS LIMITED
Financial Results for the 2nd quarter Ended December 31, 2009, Declaration Nil EPS Qtr. 1.35 Half year EPS 0.84 AL-KHAIR GADOON LIMITED
Financial Results for the Half year Ended December 31, 2009 Declaration NIL EPS 0.62, Qtr. EPS 0.38 SAPPHIRE FIBRES LIMITED
Financial Results for the Half year Ended December 31, 2009 Declaration Nil EPS 7.38, Qtr. EPS 4.85 KOHAT TEXTILE MILLS LIMITED
Financial Results for the quarter Ended December 31, 2009, Declaration Nil EPS Qtr. (1.23) Half year EPS (0.37) JAVED OMER VOHARA
Financial Results for the Half year Ended December 31, 2009 Declaration Nil EPS (1.62). Qtr. EPS (1.28) AZAM TEXTILE MILLS LIMITED
Financial Results for the 2nd quarter Ended December 31, 2009, Declaration Nil EPS Qtr. 1.38 Half year EPS 0.70 BYCO PETROLEUM PAKISTAN LIMITED
Financial Results for the period ended December 31, 2009, Declaration Nil EPS Six Months (4.99) Qtr EPS. (2.14) SAUDI PAK LEASING COMPANY LIMITED
Financial Results for the Half year Ended December 31, 2009 Declaration Nil EPS. half year (3.67) EPS Qtr. (1.58) ADOS PAKISTAN LIMITED
Financial Results for the quarter & half year Ended December 31, 2009, Declaration Nil EPS Qtr. 2.45 Half year EPS 3.63 KOHINOOR INDUSTRIES LIMITED
Financial Results for the 2nd quarter Ended December 31, 2009, Declaration Nil EPS Qtr. (0.05) Half year EPS (0.53)
|
Islamabad Stock Exchange