02082016Mon
Last update: Mon, 08 Feb 2016 03pm

Markets

Pakistan - Markets

Rapidly growing trend of Online cattle business ISLAMABAD: The trend of online buying and selling of sacrificial animals for the approaching religious festival Eid-ul Azha is rapidly growing.   People in twin cities of Islamabad and Rawalpindi have started purchasing animals as Eid is approaching fast.   Some businessmen are providing online services on different websites to facilitate people at their doorstep.   A survey conducted by APP found that new online cattle markets are providing photos, videos, and other descriptions including the type and price of animals for sale.   Ali Tahir of Qurbanionline, said a large number of buyers have been getting aware of the online cattle purchasing services in and outside the country.   He said online trend have been flourished tremendously as increasing number of orders are placed every next year.   Zahid Ali, a resident of G-6 who purchased two goats from the online goat market while talking to APP said that he had been drawn to the online markets due to option of ...

Pakistan - Markets

AMISP issues rates of commodities LAHORE: Agriculture Marketing Information Service Punjab (AMISP) issued rates of agriculture products in local market on Monday.   Following are per 100 kg rates of different agriculture products in Lahore market:   Maize minimum Rs 2000 and maximum 2200, Rice Super Karnal Basmati (New) minimum Rs 10000 and maximum Rs 11500, Rice Basmati (old) minimum Rs 11000 and maximum Rs 12500, white sugar minimum Rs 5140 and maximum Rs 5140, white gram (local) minimum Rs 10000 and maximum Rs ...

Pakistan - Markets

Nishat Mills profit after tax declines  RECORDER REPORT KARACHI: The after tax profit of Nishat Mills Limited has declined to Rs. 3.528 billion in the year ended June 30, 2012 (FY12) as compared to Rs. 4.843 billion earned in the corresponding period in FY11.   The company’s earning per share reduced to Rs. 10.04 in the period under review against Rs. 13.78 in the same period last year.   The board of directors of the company in its meeting held on Friday at Lahore recommended a ...

Pakistan - Markets

After tax profit of IDMCL declines  RECORDER REPORT KARACHI: The after tax profit of Indus Dyeing and Manufacturing Company Limited (IDMCL) has declined to Rs 1.571 billion in the year ended June 30, 2012 (FY12) as compared to Rs 2.131 billion earned in the corresponding period in FY11.   The company’s earning per share reduced to Rs 86.95 in the period under review against Rs 117.92 in the same period last year.   The board of directors of the company in its meeting held here on ...

Pakistan - Markets

Lahore Stock Exchange gains 12.21 points  LAHORE: Lahore Stock Exchange on Wednesday witnessed bullish trend by gaining 12.21 points as the LSE-25 Index opened with 4083.00 and closed at 4095.21 points.   The market's overall situation, however, did not correspond to an upward trend as it remained at 2.090 million shares to close against previous turnover of 3.348 million shares, showing a downward slide of 1.258 million shares. While, out of the total 96 active scrips, 28 moved up, 45 remained equal and ...

Pakistan - Markets

KSE’s highly impressive performance praised  RECORDER REPORT KARACHI: After a gap of four and a half years, Pakistan’s benchmark KSE 100 Index closed near its all time peak of 15,676 seen on April 18, 2008, analysts said.   Market capitalization of Karachi bourse has reached a record level of Rs 3.95 trillion. However in US dollar terms current market cap of $41.6 billion is still below its all time peak of $75 billion witness on April 18, 2012.   “Though the Index has reached close ...

Pakistan - Markets

Treet Corpn’s profit after tax increases to Rs309.988mn  RECORDER REPORT KARACHI: The profit after taxation of Treet Corporation Limited has increased to Rs. 309.988 million in the year ended June 30, 2012 (FY12) as compared to Rs. 290.118 million earned in the corresponding period in FY11.   The company’s earning per share increased to Rs. 7.41 in the period under review against Rs. 5.29 in the same period last year.   The board of directors of the company held on Tuesday recommended a final cash dividend at Rs. ...