News Archives for Print - 2005-06-06

Atlas Fund Prices

Atlas Fund Prices on Sunday (June 05, 2005).

Published 06 Jun, 2005 12:00am

Atlas Fund Prices

Atlas Fund Prices on Sunday (June 05, 2005).

Published 06 Jun, 2005 12:00am

Atlas Fund Prices

Atlas Fund Prices on Sunday (June 05, 2005).

Published 06 Jun, 2005 12:00am

Returns on Profit and Loss Sharing Bank Accounts (July to December 2004)

Comparative table of returns being given banks on their Profit and Loss Sharing Accounts and Term Deposits.

Published 06 Jun, 2005 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (May 30 to June 4, 2005).

Published 06 Jun, 2005 12:00am

Power Generation & Distribution: JAPAN POWER GENERATION LIMITED - Nine Months Ended March 31, 2005 (Un-audited)

Japan Power Generation Limited (JPGL) is a public limited company, incorporated on September 29, 1994 under the Companies Ordinance, 1984 and its shares are quoted on Lahore and Karachi Stock Exchange. The principal business of the company is to generate

Published 06 Jun, 2005 12:00am

Power Generation & Distribution: JAPAN POWER GENERATION LIMITED - Nine Months Ended March 31, 2005 (Un-audited)

Japan Power Generation Limited (JPGL) is a public limited company, incorporated on September 29, 1994 under the Companies Ordinance, 1984 and its shares are quoted on Lahore and Karachi Stock Exchange. The principal business of the company is to generate

Published 06 Jun, 2005 12:00am

England overwhelm Bangladesh

England beat Bangladesh by an innings and 27 runs on the third day of the second and final Test at the Riverside here on Saturday. Victory gave England the series 2-0 after their innings and 261 run first Test win at Lord's.

Published 06 Jun, 2005 12:00am

Couples and Toms part of logjam atop Memorial leaderboard

Three-time major winner Fred Couples and David Toms are part of a logjam at the top of the leaderboard after the third round of the 5.25 million dollar PGA Memorial tournament on Saturday. A half dozen players were crammed within one shot of the lead head

Published 06 Jun, 2005 12:00am

UEFA seek solution to Liverpool dilemma

UEFA how vowed to find a positive solution to benefit everyone in the controversy surrounding Liverpool's bid to defend the Champions League next season. Pressure has increased on European football's governing body in the past week to include the Reds in

Published 06 Jun, 2005 12:00am

Spectacular Lara hundred shores up West Indies

Batting superstar Brian Lara collected his 30th Test hundred to put West Indies in a healthy position in the second and final Test against Pakistan on Saturday. Watched by a crowd that included former Miss Universe Wendy Fitzwilliam and former World heavy

Published 06 Jun, 2005 12:00am

Australia retain Sultan Azlan Shah Cup

Craig Victory scored a golden goal 11 minutes into extra-time to give Australia a thrilling 4-3 triumph over South Korea in the final of the 14th Sultan Azlan Shah Cup here on Sunday. Victory turned in Grant Schubert's cross from the right to complete an

Published 06 Jun, 2005 12:00am

Hewitt returns to action

Three-time champion Lleyton Hewitt will make his first competitive start since losing a Masters Series final three months ago when he cranks up his summer grass season at the Queen's Club event starting on Monday. The Australian father-to-be, reportedly p

Published 06 Jun, 2005 12:00am

Pakistan snap up bronze medal

Pakistan defeated New Zealand 4-2 to secure third place in the 14th Sultan Azlan Shah Cup here on Sunday. It was scant consolation for the Pakistanis, who threw away their chance of reaching the final when they were beaten 1-0 by hosts Malaysia in league

Published 06 Jun, 2005 12:00am

Sharapova reflects on amazing year

Wimbledon champion Maria Sharapova will begin the countdown to defending her title at the All-England Club in Wimbledon with an appearance at the DFS Classic in Birmingham starting on Monday. The 18-year-old's rise to stardom and a first Grand Slam title

Published 06 Jun, 2005 12:00am

Proud Mary vows to roll on

Mary Pierce's dreams of a second French Open title were shattered on Saturday by Justine Henin-Hardenne but she has vowed that at 30-years-old she has not given up hope. Pierce rolled back the years in Paris defeating a succession of younger players befor

Published 06 Jun, 2005 12:00am

Hard times give Henin great expectations

Justine Henin-Hardenne believes her catalogue of personal and professional setbacks will spur her onto more Grand Slam success after she comfortably secured a second French Open title here on Saturday. The 23-year-old Belgian brushed aside the feeble chal

Published 06 Jun, 2005 12:00am

Nadal beats battling Puerta to win French Open

Spanish teenager Rafael Nadal became the first man in 23 years to win the French Open on his debut when he put down the brave, injury-hit challenge of Argentina's Mariano Puerta 6-7 (6/8), 6-3, 6-1, 7-5 in a thrilling final here on Sunday. The fourth-seed

Published 06 Jun, 2005 12:00am

Nuclear technology being utilised for cancer treatment: PAEC

Pakistan Atomic Energy Commission (PAEC) is utilising nuclear technology in wide range of socio-economic domains including cancer treatment and enhancement of agricultural productivity. The Commission was also harnessing this technology for quality contro

Published 06 Jun, 2005 12:00am

Doctors' fear of lawsuits may hurt care

Doctors admit ordering unnecessary diagnostic tests or avoiding troublesome patients for fear of malpractice lawsuits, perhaps harming care in the process, a survey released on Tuesday (May 31) said. The survey of 824 Pennsylvania physicians found 93 perc

Published 06 Jun, 2005 12:00am

Climate change can increase number of World's hungry

Climate change threatens to increase the number of the World's hungry by reducing the area of land available for farming in developing countries. This was stated in a report prepared by FAO and presented to the Committee on World Food Security at a specia

Published 06 Jun, 2005 12:00am

Outside eatings, a carrier of germs and bacteria

Eating outside the home is a habit, a sort of entertainment that is not confined to the rich and the fashionable in Pakistan. The bazaars of every city, town and village are littered with handcarts selling all kind of eatables, some really good and health

Published 06 Jun, 2005 12:00am

Women more prone to gallstone disease in Sindh

Naseem Aslam Channa from the Institute of Biochemistry, University of Sindh, has defended her research work on "the epidemiological and biochemical aspects involved in the pathogenesis of human gallstones (cholelithiasis) in southern Sindh " at a seminar.

Published 06 Jun, 2005 12:00am

HEALTH UPDATE grandpa's poisons may affect you

Toxic chemicals that poisoned your grandparents, or even great-grandparents, may also affect your health, US researchers suggested on Thursday (June 2). A study in rats shows the effects of certain toxic chemicals were passed on for four generations of ma

Published 06 Jun, 2005 12:00am

HEALTH UPDATE: combining diets best way to lose weight

Combining the best components of low-carbohydrate and low-fat diets could be the most effective way to lose weight and keep it off, a leading obesity expert said on Thursday (June 2). Low carbohydrate diets such as Atkins, which largely exclude fruit, veg

Published 06 Jun, 2005 12:00am

HEALTH UPDATE: power lines risk to childhood leukaemia

A child living near a high voltage power line may run a higher risk of contracting leukaemia - the most common childhood cancer, according to a study published on Friday (June 3). But while it showed an increased incidence of leukaemia in children whose h

Published 06 Jun, 2005 12:00am

HEALTH UPDATE: road noise can improve memory in children

Living next to a noisy road does not impair a child's reading ability and can actually improve memory recall, according to a new study published on Friday (June 3) into the effect of noise on childhood learning ability. However, living under a flight path

Published 06 Jun, 2005 12:00am

Japan eyes advanced supercomputer as early as 2010

Japan is aiming to develop a supercomputer it hopes will be fast enough to help it regain the top spot it lost to US makers last year in an industry that is often seen as a proxy fight for technological supremacy. The government wants to develop a superco

Published 06 Jun, 2005 12:00am

Investors seek Turk Telekom extension

Some participants in a tender for a majority stake in fixed-line operator Turk Telekom are seeking an extension to the bidding deadline, but authorities have not yet decided whether to agree, Turkish officials said on June 3. They told Reuters some invest

Published 06 Jun, 2005 12:00am

Intel's cell communications chip finds a customer

More than two years after introducing its first chip for cellular phone communications, Intel Corp finally has a customer. The world's largest chip maker said on June 1, that mmO2 Plc.will begin selling a music phone that uses Intel's Manitoba chip, which

Published 06 Jun, 2005 12:00am

Cablecom increases phone customers

Swiss cable company Cablecom increased the number of its telephony customers to 128,000 by end-March, the firm said on May 31, turning up the heat on Switzerland's dominant telecoms group Swisscom. The unlisted operator, which launched its telephony servi

Published 06 Jun, 2005 12:00am

Chip sales growth nearly halves

Growth of the global semiconductor industry nearly halved in April, according to a survey on May 30, but the sector is hopeful that it can still increase revenues for the full year. Microchip sales rose 6.8 percent in April, compared with the year-ago per

Published 06 Jun, 2005 12:00am

Japan to allow first new cellphone market entrants in 12 years

Japan's government is set to allow new entrants into the cellular phone service market for the first time in 12 years, a report said on June 1. The communications ministry will give priority to newcomers when it allocates frequency spectrum for third-gene

Published 06 Jun, 2005 12:00am

South Africa's Telkom cuts broadband Internet prices

South Africa's fixed-line phone company Telkom will cut prices for costly broadband Internet access and international private leased circuit as it battles tougher competition. Telkom said in a statement it would cut ADSL prices by between 18 and 32 percen

Published 06 Jun, 2005 12:00am

More cellphones than people in Netherlands

The number of cellphone subscribers surpassed the number of citizens in the Netherlands in the first quarter this year, a survey showed on May 31. Mobile phone operators in the Netherlands added 356,000 net connections, lifting the total to 16.4 million c

Published 06 Jun, 2005 12:00am

Telekom Austria buys Bulgarian mobile operator Mobiltel

Telekom Austria signed on Wednesday a contract to buy all of the biggest Bulgarian mobile phone operator Mobiltel, for 1.6 billion euros (1.97 billion dollars), the company said. The deal, first announced in December last year, is expected to be finalised

Published 06 Jun, 2005 12:00am

Oskar Mobil to be rebranded as Vodafone CZ next year

Czech mobile operator Oskar Mobil is to be rebranded next year following its sale to Vodafone, Oskar spokesman Petr Sindler told AFP on June 1. The operator, the Czech Republic's newest and smallest with 17 percent market share, will be known as Vodafone

Published 06 Jun, 2005 12:00am

Motorola deal with Mobile Telesystems

Motorola said it had secured an $80 million one-year deal with Mobile TeleSystems to help Russia's top cell-phone company increase its coverage and capacity in Moscow, Central Russia and the Urals. Motorola said on May 31, it will supply global systems fo

Published 06 Jun, 2005 12:00am

NASA to launch new Mars: exploration from summer 2007

NASA will in 2007 launch a new Mars mission that will land this time on the red planet's chilly north pole in search of water in the form of ice, and hopefully traces of life both past and present. The US space agency, buoyed by the success of the Spirit

Published 06 Jun, 2005 12:00am

Singulus reiterates

German CD and DVD manufacturing equipment maker Singulus reiterated on Monday it saw lower sales and profits this year but expected significant growth from 2006 onwards. Chief Executive Roland Lacher said the company's efforts to diversify into areas incl

Published 06 Jun, 2005 12:00am

Singulus reiterates

German CD and DVD manufacturing equipment maker Singulus reiterated on Monday it saw lower sales and profits this year but expected significant growth from 2006 onwards. Chief Executive Roland Lacher said the company's efforts to diversify into areas incl

Published 06 Jun, 2005 12:00am

SK Telecom average revenue per user dropped 2.5 percent

SK Telecom Co , South Korea's top mobile operator, said on Thursday its average revenue per user (ARPU) dropped 2.5 percent in April from a month earlier. ARPU, one of the major earnings guidelines for a telecoms firm, was 43,277 won ($42.63) in April, ve

Published 06 Jun, 2005 12:00am

SK Telecom average revenue per user dropped 2.5 percent

SK Telecom Co , South Korea's top mobile operator, said on Thursday its average revenue per user (ARPU) dropped 2.5 percent in April from a month earlier. ARPU, one of the major earnings guidelines for a telecoms firm, was 43,277 won ($42.63) in April, ve

Published 06 Jun, 2005 12:00am

CSFB ups Cable & Wireless to 'neutral'

Credit Suisse First Boston raised its rating on UK telecoms company Cable & Wireless to "neutral" from "underperform" on Thursday, setting a price target of 130 pence. "What has changed for us in the last few months has been positive news in the Caribbean

Published 06 Jun, 2005 12:00am

CSFB ups Cable & Wireless to 'neutral'

Credit Suisse First Boston raised its rating on UK telecoms company Cable & Wireless to "neutral" from "underperform" on Thursday, setting a price target of 130 pence. "What has changed for us in the last few months has been positive news in the Caribbean

Published 06 Jun, 2005 12:00am

Pirelli sells cables assets to Goldman

Pirelli on June one, agreed to the sale of its cable assets to the private equity arm of Goldman Sachs in a 1.3 billion-euro deal ($1.6 billion), part of the Italian group's shift to higher value businesses. Pirelli, which also makes tyres and led a 2001

Published 06 Jun, 2005 12:00am

JP Morgan cuts Portugal Telecom

Investment bank JP Morgan said on June 2 it had downgraded its rating on Portugal Telecom to "underweight" from "neutral" and cut the share price target to 8.7 euros from 9.1 euros. "Portugal Telecom's 3G launch contains a downgrade to mobile guidance tha

Published 06 Jun, 2005 12:00am

JP Morgan cuts Portugal Telecom

Investment bank JP Morgan said on June 2 it had downgraded its rating on Portugal Telecom to "underweight" from "neutral" and cut the share price target to 8.7 euros from 9.1 euros. "Portugal Telecom's 3G launch contains a downgrade to mobile guidance tha

Published 06 Jun, 2005 12:00am

Tele2 starts Swiss city network mobile

European telecoms firm Tele2 starts a city network telephony service in Switzerland's financial centre Zurich on June two, turning up the heat on established rivals Swisscom, Orange and Sunrise. Sweden-based Tele2 said in a statement it would offer free m

Published 06 Jun, 2005 12:00am

Intel's notebook demand strong

Intel Corp sees demand for notebook computers at the high end of industry expectations, and outlined new initiatives to increase its market share in the wireless and cellular communications business that is today dominated by the likes of Texas Instrument

Published 06 Jun, 2005 12:00am

Infosys, Alstom to invest $39 million in India

Infosys Technologies Ltd, India's second-biggest software services exporter, and French heavy engineering firm Alstom said on May 31, they would invest more than $39m in a research and development centre in India. The investment will be made over a period

Published 06 Jun, 2005 12:00am

Merrill eyes expanding commodities unit

Merrill Lynch plans to expand its commodities business in Asia and hopes eventually also to build on its presence in such European markets as France and Germany, Stan O'Neal, Merrill's chief executive officer, said on June 01. "What we hope to do with tha

Published 06 Jun, 2005 12:00am

China Construction Bank drops Citigroup as sponsor

China Construction Bank, which is preparing a $5 billion initial public offering this year, has dropped Citigroup Inc as its underwriter, people familiar with the deal said on June 02. The bank picked Citigroup as an underwriter in 2004 over rivals such a

Published 06 Jun, 2005 12:00am

Toyota eyes new cost-cut strategy as profits slow

Toyota Motor Corp, the world's second-biggest auto maker, is eyeing a new cost-saving strategy that would rely on a fundamental shake-up in the design of car parts to offset a sharp rise in raw materials prices, a top official said on May 30. A detailed s

Published 06 Jun, 2005 12:00am

Toyota eyes new cost-cut strategy as profits slow

Toyota Motor Corp, the world's second-biggest auto maker, is eyeing a new cost-saving strategy that would rely on a fundamental shake-up in the design of car parts to offset a sharp rise in raw materials prices, a top official said on May 30. A detailed s

Published 06 Jun, 2005 12:00am

Nokia to set up infrastructure plant in India

Telecoms giant Nokia will set up a telecoms infrastructure plant in Chennai, India, the Finnish firm said on May 31,without giving financial details. A plant for base station controllers will start up during first half of 2006, at the same time with Nokia

Published 06 Jun, 2005 12:00am

IPO hopeful COSCO profit to dip 18 percent in 2006

China COSCO Holdings Co Ltd, which plans to raise US $1.7 billion in an upcoming IPO, will see its profits fall 18 percent to 3.54 billion yuan (US $427 million) in 2006 as the shipping cycle turns down, its sponsor HSBC said. "This forecast decline is ma

Published 06 Jun, 2005 12:00am

Global service giants step up hiring in India

When Massachusetts-based consulting firm Sapient moved to a new office in Bangalore recently, there was a telling statistic - 1,250 workers, more than half its global staff, are now in India. As English-speaking Indian graduates plug into cheap, high-spee

Published 06 Jun, 2005 12:00am

Philips and 3Com enter into strategic alliance

Dutch Philips Electronics and US firm 3Com said on May 31, they had entered into an alliance to provide secure converged communications for enterprise customers. "The agreement between the two companies enables customers to benefit from Philips' broad com

Published 06 Jun, 2005 12:00am

South Korean Shinhan eyes LG Card, Korea Exchange Bank

South Korea's second-biggest financial services firm, Shinhan Financial Group, said it was interested in buying both top credit card firm LG Card Co Ltd and national number-five bank Korea Exchange Bank. The declaration on June 4, sets up a potential thre

Published 06 Jun, 2005 12:00am

Singapore Exchange plans to launch derivatives

Singapore Exchange Ltd (SGX) will launch a second futures contract based on an Indian stock index and options likely to be based on the Straits Times Index in the second half of 2005, an SGX official said on May 31. The moves mark a push by Southeast Asia

Published 06 Jun, 2005 12:00am

HSBC launches Islamic real estate income fund

HSBC's Islamic financial services arm HSBC Amanah said on Sunday it had launched a real estate investment fund worth up to $200 million for rich individuals and institutions. The sharia-compliant HSBC Amanah Aqar Income Fund concentrates on properties lea

Published 06 Jun, 2005 12:00am

HSBC launches Islamic real estate income fund

HSBC's Islamic financial services arm HSBC Amanah said on Sunday it had launched a real estate investment fund worth up to $200 million for rich individuals and institutions. The sharia-compliant HSBC Amanah Aqar Income Fund concentrates on properties lea

Published 06 Jun, 2005 12:00am

Accountants are kings among US 2005 graduates

While it is not quite the days of the dot-com boom, when companies lured graduates with promises of six-figure salaries and ping-pong tables in the workplace, corporate recruiters are once again combing campuses for the best of the Class of 2005. "People

Published 06 Jun, 2005 12:00am

OMV in talks with E ON for gas pipeline

Austrian gas and pipeline group OMV is hoping to get German utility giant E.ON as a customer for its 4.6 billion euros ($5.7 billion) gas pipeline project, its chief executive told Handelsblatt. "We are in talks with E.ON Ruhrgas," Wolfgang Ruttenstorfer

Published 06 Jun, 2005 12:00am

Iraq too dependent on oil, must diversify: government

Iraq relies far too heavily on oil exports for generating revenue, a senior government official said on Sunday, as he urged Iraqis to diversify production and create alternative sources of income. "Ninety-five percent of Iraq's national income is dependen

Published 06 Jun, 2005 12:00am

Monsoon hits Indian coast, boost for crops

The south-west monsoon hit India's southern Kerala coast on Sunday, about four days later than normal, but the delay is not likely to have any bad impact on crops, weather officials and traders said. "The monsoon today advanced over southern parts of Kera

Published 06 Jun, 2005 12:00am

Sri Lanka raises fuel prices amid worsening economic crisis

Sri Lanka Sunday raised fuel prices by 7.8 percent, a month after a 16.5 percent increase aimed at easing pressure on the worsening balance of payments situation. The state Ceylon Petroleum Corporation said a litre of 95-octane gasoline will go up by 7.79

Published 06 Jun, 2005 12:00am

Britain urges Gulf states to help Africa aid plan

British finance minister Gordon Brown on Sunday urged rich, oil-producing countries in the Gulf, which have profited from a recent spike in oil prices, to join a global push to lift Africa out of poverty. Speaking ahead of a crucial week of negotiations f

Published 06 Jun, 2005 12:00am

Data to show German and French industrial activity subdued

Eurozone indicators to be released this week will show German and French industrial activity remained subdued in April, bolstering evidence of a slowdown in economic growth, while British data also will highlight a cooling economy, experts say. Industrial

Published 06 Jun, 2005 12:00am

Philippines struggle to match India in riding outsourcing boom

An education system that churns out poor-quality college graduates who can barely speak English is handicapping the Philippines as the former US colony tries to match India and ride a global outsourcing boom to lift millions out of poverty. Despite a huge

Published 06 Jun, 2005 12:00am

Total and Japan form alliance to produce 'clean' fuel

In the often snow-covered landscape of northern Japan, French oil giant Total is working with a Japanese consortium with a goal of mass producing by 2010 a new eco-friendly fuel derived from natural gas. At Kushiro on Japan's northernmost island of Hokkai

Published 06 Jun, 2005 12:00am

Arab investors plan $267 million tourism bank

Arab investors plan to set up an investment bank with a capital of around 1 billion Saudi Arabian riyals ($267 million) to invest in tourism projects in the region, one investor said on Sunday. "The launch of the bank is planned after summer or towards th

Published 06 Jun, 2005 12:00am

Veteran Russian ecologists form Green party

Some of Russia's leading opposition ecologists joined forces Sunday to launch the Green Russia party which they said could become an influential political force ahead parliamentary elections in 2007. Delegates chose World Environment Day for the meeting i

Published 06 Jun, 2005 12:00am

'US and Japan to play larger role in Malacca Strait security'

The United States and Japan will play a bigger role in protecting the Malacca Strait amid gathering momentum for greater international co-operation in securing the region's waters, Malaysian Defence Minister Najib Razak said Sunday. Najib told a regional

Published 06 Jun, 2005 12:00am

Two Taleban commanders seized in Afghanistan

Afghan troops and US-led military forces have captured two Taliban commanders during a hunt for militants in western Afghanistan, the defence ministry said Sunday. "We've captured two Taliban commanders - Mullah Mohammad Rahim and Mullah Sultan," defence

Published 06 Jun, 2005 12:00am

Tiny UK publisher beats giants on prize shortlist

From his tiny London office, Peter Ayrton is quietly snapping up books rejected by the world's publishing giants and turning them into major success stories. His Serpent's Tail Publishing has now set the literary world abuzz by scooping two of the coveted

Published 06 Jun, 2005 12:00am

Kuwait appoints two women to local council

The government of Kuwait on Sunday named two women to join its municipal council, in a historic move for the oil-rich Gulf emirate which only last month agreed to grant women full political rights. In the last all-male polls in Kuwait last week, voters el

Published 06 Jun, 2005 12:00am

Syria's ruling party eyes reform within limits

Syria's ruling Baath party is set to authorise new political parties and free local elections during its national congress this week although hefty restrictions are likely to accompany the reforms, a member said Sunday. The first Baath party congress in f

Published 06 Jun, 2005 12:00am

World marks green day; UN warns of booming cities

From Japan to Jamaica, millions marked World Environment Day on Sunday by planting trees or staging rallies as the United Nations urged better "green" city planning to cope with runaway urban growth. By 2030, more than 60 percent of the world's population

Published 06 Jun, 2005 12:00am

Philippines hoping for truce with separatists

The Philippine government hopes to reach an agreement to end a decades-long Muslim separatist rebellion in the south before the end of this year, Defence Secretary Avelino Cruz said here Sunday. Cruz told an Asia-Pacific conference attended by defence min

Published 06 Jun, 2005 12:00am

Nigeria must sue Swiss over Abacha loot: official

Nigeria has no option but to launch legal action against Swiss institutions for failing to hand over $500 million looted by former military dictator Sani Abacha, Nigeria's top anti-corruption official said. Switzerland agreed last August to return money t

Published 06 Jun, 2005 12:00am

US decision on taking up North Korea in UN this month

The United States is likely to decide before the end of the month whether to take the North Korean nuclear issue before the UN Security Council, a senior US defence official said Sunday. US Defence Secretary Donald Rumsfeld raised the North Korean dilemma

Published 06 Jun, 2005 12:00am

Rains and floods kill more than 200 people in China

A week of torrential rains and heavy flooding has killed at least 204 people in China and left 79 others missing, but forecasters warned the worst was yet to come, state media reported Sunday. The heavy downpours, which began in many parts of China last w

Published 06 Jun, 2005 12:00am

Egypt interbank rate falls to bottom of new band

The median overnight interbank rate on Egypt's pound slipped on Sunday to the lower of end of a new central bank band for overnight rates that bankers said would give a clearer indication of monetary policy direction. The Central Bank of Egypt said late o

Published 06 Jun, 2005 12:00am

Indonesian shares seen lower

Indonesian share prices are expected to head into a correction and post losses this week on profit-taking due to recent high stock price rises, dealers said. "Technically speaking, I expect many investors to perform profit-taking because many shares are a

Published 06 Jun, 2005 12:00am

Indian shares set for new high

Indian shares appeared set to move to new highs this week amid reports a friendly solution to the Reliance Industries family feud is in sight and fears of a bad monsoon lessen, dealers said. The Mumbai Stock Exchange's 30-share benchmark Sensex index clos

Published 06 Jun, 2005 12:00am

Tokyo stock market seen range-bound

Japanese shares will stay steady this week, barring surprises from results for US chip giant Intel and Congressional testimony by Federal Reserve chairman Alan Greenspan, dealers said. While many analysts are optimistic that the Tokyo stock market will te

Published 06 Jun, 2005 12:00am

Orascom Telecom props up Egypt's benchmark bourse index

Orascom Telecom (OT) surged on the Egyptian stock exchange on Sunday, boosting the benchmark index as OT's Cairo-listed shares tracked rises in its London-listed GDRs, dealers said. OT's GDRs, or global depository receipts, rose at the end of last week, d

Published 06 Jun, 2005 12:00am

UK investors looking to push FTSE above 5,000 points

The London stock market will be looking to breach the psychological 5,000-points barrier again next week, when the Bank of England appears set to keep interest rates on hold at 4.75 percent. The FTSE 100 index of leading London shares closed at 4,999.4 po

Published 06 Jun, 2005 12:00am

US stocks to heed Greenspan and greenback

Federal Reserve Chairman Alan Greenspan's take on the US economy and the dollar's movement in response to the latest trade deficit data will set the tone for the US stock market this week. Most of the drama will come toward the end of the week, with the F

Published 06 Jun, 2005 12:00am

Taiwan stock market seen rising

Taiwan share prices are expected to rise this week amid growing investor confidence and ample liquidity, dealers said. Electronic stocks, which have led the market in the past week, are expected to continue their upward trend due to continuing investor in

Published 06 Jun, 2005 12:00am

Kuwaiti shares hit new high on Pentagon deal

Kuwait's share index rose on Sunday to end at another all-time high, still buoyed by Saturday's news that blue chip Public Warehousing Co has won a Pentagon deal possibly worth up to $14 billion. The Kuwait Stock Exchange index of some 140 firms rose 116.

Published 06 Jun, 2005 12:00am

Bangladeshi interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday:63.42/63.73 (previous 63.42/63.73).

Published 06 Jun, 2005 12:00am

Singapore shares seen edging up

Singapore shares are expected to edge up slightly this week, in a slow build-up to a challenge of the 2,200-point resistance level, dealers said. Gains in blue chip stocks are likely to push the index higher, they said. Phillip Securities managing directo

Published 06 Jun, 2005 12:00am

Hong Kong stocks expected to remain rangebound

Hong Kong stocks are expected to continue their rangebound trading this week in the absence of fresh local news to boost the market, dealers said. "The market will be rather dull this week. Oil prices may affect the market a little but we haven't got any

Published 06 Jun, 2005 12:00am

Yen rebounds, Australian dollar looks upbeat

The yen rebounded against the dollar last week as the greenback eased against the euro after rallying on the French and Dutch rejection of the EU constitution. The outlook for the Australian dollar was meanwhile upbeat, partly in response to narrowing tra

Published 06 Jun, 2005 12:00am

British climber dies on Everest

A British software engineer, who was "road testing" new safety technology for explorers during an ascent of Mount Everest, has died climbing to the summit of the world's tallest peak, Britain's Foreign Office said on Sunday. Robert Milne, 49, from Edinbur

Published 06 Jun, 2005 12:00am

Italy justice minister wants to fine burka wearers

Italy's justice minister, a member of the right-wing Northern League party, was accused of fuelling anti-Islamic sentiment in Italy on Sunday after saying he would fine women wearing the all-covering burka. Roberto Castelli said an Italian law banning the

Published 06 Jun, 2005 12:00am

Taiwan successfully test-fires missiles

Taiwan has successfully tested its domestically developed Hsiung Feng anti-ship missile, the China Times newspaper said on Sunday, as the island attempts to beef up its defence capability against China's growing military threat. Taiwan could begin "small

Published 06 Jun, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	156.28
USD to Swiss Franc / May 15	0.91
Pound Sterling to USD / May 15	1.26
Euro to USD / May 15	1.08

Stock	Volume
S&P 500 / May 14	5246.68
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
Dow Jones / May 14	39558.11
India Sensex / May 15	73025.23
Tokyo Nikkei / May 15	38385.73
FTSE 100 / May 15	8467.99
Germany DAX 30 / May 15	18796.11

Item	Value
Crude Oil USD/Barrel / May 15	78.55
Karachi Cotton PKR/37.32 KG / May 15	19935
Gold 10 Grams PKR / May 15	209191
Gold Spot USD/Ounce / May 15	2361.55
Cotton US¢/pound / May 15	74.42
Petrol/Litre / May 16	273.10

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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