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ISLAMABAD: Islamabad Stock Exchange (ISE-10) on Tuesday witnessed bullish trend as the index gained 18.48 points to close 2477.17 against the trading of previous day.
Senior Stock Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the announcement of corporate results caused the positive sentiments in the local equity bourse.
He said that Pakistan Petroleum Limited (PPL), Lucky Cement, Bank Alfalah (BAFL), DG cement and MCB announced the best earning while the earning of Kapco and Nishat Power was not satisfactory.
MCB has announced the earning per share (EPS) of Rs18.55 and dividend of Rs3 per share for 3rd quarter of the current year.
Analyst, Association of Investors' Awareness, Faheem Akhtar said that the volatile session was observed in ISE with index gaining and subsequently loosing points from the day high.
He said that the day commenced with investors interest in blue chips trading with good valuations and later some profit taking and exit ...
ISLAMABAD: The 74th session of Senate will held here on Wednesday at 1600 hours.
Acting President Farooq H Naek had summoned the session on October 24, however, it was rescheduled to meet on Wednesday due to death of Begum Nusrat Bhutto.
Copyright APP (Associated Press of Pakistan), 2011
ISLAMABAD: Exports of food group surged by 38.51 percent during the first quarter of the current fiscal year against the same period of last year.
The food exports were recorded at $993.72 million during July-September (2011-12) against the exports of $717.45 million during July-September (2010-11), Federal Bureau of Statistics (FBS) reported.
Out the total commodities, fruit exports witnessed increase of 43.13 per cent by growing from $45.61 million last year to $65.28 million during July-September (2011-12).
The country ...
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) would explore the Nigerian market in order to find opportunities that abound for them and also called on their Nigeria counterparts to do same as there are a lot for them to get from Pakistan.
President of KCCI, Mian Abrar Ahmad during a meeting with some Nigerian delegates at 6th Expo Pakistan here urged Nigerian business community to liaise with the chambers and see how opportunities can ...
KARACHI: The Board of Directors of MCB Bank, which met with S. M. Muneer in the chair at Lahore on Tuesday, reviewed the performance of bank and approved the financial statements for the third quarter ended September 30, 2011.
MCB registered remarkable financial performance in the nine months ended September 30, 2011 as profit before and after tax increased to Rs.24.165 billion and Rs.15.515 billion respectively, increasing by 25 percent and 24 percent over the ...
RIAYDH: Pakistan and Saudi Arabia signed have 288 million Saudi Riyals contract for laying 380KV transmission line in Makkah.
It was signed by Managing Director National Power Construction Company of Pakistan & Chief Executive Officer of Saudi Electric Company in Riyadh. Pakistan Ambassador Muhammad Naeem Khan also attended.
The two sides also discussed possibilities of more bilateral cooperation in energy sector.
Copyright PPI (Pakistan Press International), 2011
ISLAMABAD: Banking results continue to gather momentum as BAFL posted profit of Rs3bn (EPS Rs2.2) in 9M2011, up by hefty 100 percent as compared to Rs1.5bn (EPS Rs1.1) in the same period last year.
This improvement in earnings primarily emanated from higher net interest income (NII) which stood at Rs13.1bn (up 33 percent), thanks to better returns on advances and investments (up by an average 120-122bps ) amid higher interest rates with cost of deposits ...More Articles...
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