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Cotton price stable on short supply  KARACHI: The price of different qualities of cotton have remained stable in the country as textile mills continued to buy during the week, brokers said on Saturday. Chairman Cotton Broker Forum and vice chairman FPCCI standing committee of raw cotton, Naseem Usman said another reason for market stability was that its supply was short due to light rain in Punjab. He said that the spot rates of the Karachi Cotton Association (KCA) closed at Rs 5,800 per maund. Usman said cotton was traded in the range of Rs 5,800 to Rs 5,850 per maund during the week in Sindh. Cotton prices ranged between Rs 5,850 to Rs 5,900 pr maund in Punjab. Naseem pointed out that phutti was selling between Rs 2,600 to 2,650 per for 40 kg in Sindh and Rs 2,600 to Rs 2,700 in Punjab He said that cotton supply will be improved after Eid holidays. Copyright APP (Associated Press of Pakistan), 2012 ...

ISE completes demutualization process by transfer of shares  ISLAMABAD: Islamabad Stock Exchange (ISE) has completed the scheme of Corporatization, Demutualization and Integration Act 2012 by transferring shares equally among the approved 121 initial shareholders of the Exchange (Members). According to a statement here on Friday, the general body of ISE has unanimously approved new Memorandum and Articles of Association of Islamabad Stock Exchange Limited for converting its status to company limited by shares, as approved by Securities and Exchange Commission of Pakistan (SECP) in ...
ISE-10 sheds 1 point  ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bearish trend as the index was down by 1.03 points to close at 3019.00 as compared to the previous day's trading. Stock Analyst, M.M Hassan told APP that the technical correction was seemed in the local stock market due to the profit taking by the major investors. Besides this, Pakistan Petroleum Limited (PPL) remained the most traded scrip because it has announced positive results with cash dividend and ...
Profit after tax of Lucky Cement increases to Rs6.782bn  RECORDER REPORT KARACHI: The profit after tax of Lucky Cement Limited has increased to Rs 6.782 billion in the year ended June 30, 2012 (FY12) as compared to Rs 3.970 billion earned in FY11. The company’s earning per share increased to Rs 20.97 in the period under review against Rs 12.28 in the same period last year, up 71 percent. The board of directors of the company in its meeting held here on Wednesday recommended full and final ...
KSE notice  RECORDER REPORT KARACHI: First IBL Modaraba presently quoted in the Defaulters’ segment of the Exchange has rectified the default of Listing Regulation relating to non-payment of annual listing fee. “In view of the above, the name of the First IBL Modaraba will be shifted from the defaulters’ segment to normal counter of the Exchange with effect from August 16, 2012”, a KSE notice issued here on Wednesday said. ...


Index Closing Chg%
Arrow DJIA 16,654.77 2.27
Arrow Nasdaq 4,812.71 2.45
Arrow S&P 1,987.66 2.43
Arrow FTSE 6,192.03 3.56
Arrow DAX 10,315.62 3.18
Arrow CAC-40 4,658.18 3.49
Arrow Nikkei 18,574.44 1.08
Arrow H.Seng 21,838.54 3.60
Arrow Sensex 26,231.19 2.01

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln