Archive for July, 2009

Hungary to give Pakistan high yield sunflower seed

Posted on July 10, 2009

ISLAMABAD: Minister for Food and Agriculture Nazar Muhammad Gondal stressed the need for increasing cooperation between Pakistan and Hungary in Agriculture sector. The Minister was talking to Ambassador of Hungary Istav Darvasi who called on him here this after noon in his office. The Minister said that Hungary could provide Pakistan with high yield sunflower [...]

Dollar closes at Rs82 first time since Oct 2008

Posted on July 10, 2009

KARACHI: Dollar closed today at Rs82 in the Inter Bank for the first since October 17, 2008. According forex market dealers, dollar grew stronger against rupee during today’s trading. The rupee value declined due to increased demand of dollar for making payments of import bills, they said. In the open market dollar pegged at Rs82.10.

Azgard Nine to sell 24.99% stake in Pak-America Fertilizer

Posted on July 10, 2009

KARACHI: Azgard Nine Company Limited has announced to sell 24.99 per cent of its stake in Pak American Fertilizers. According to sources Azgard Nine will use the proceeds from sale in retiring its debts.

China to invest in Pakistan Steel Mill

Posted on July 10, 2009

Geo News: China Metallurgical Group Corporation (MCC) has shown its interest to invest 2.2 billion US Dollars for the expansion and revamping of Pakistan Steel Mills (PSM). A twelve member delegation of MCC headed by Ms Huan met here on Thursday with the Federal Minister for Industries and Production Mian Manzoor Ahmad Wattoo and discussed [...]

Karachi Stock Market Forecast for July 6th – 10th, 2009

Posted on July 6, 2009

We have seen some immense buying pressure in foreign investor portfolio, earlier we noticed the week holding was USD$16,297,427 then this week the foreign portfolio added USD$9,740,632 this comes to the total of USD$ 26,038,059. This alone is enough to convince the local investors/traders for continuation of BULLISH trend.

KSE capitalization up 4%

Posted on July 4, 2009

KARACHI: Ary Business reported The market capitalization of Karachi Stock Exchange (KSE) recorded 24 percent surge during this week. The KSE capitalization rose to Rs2.205 trillion compared to Rs2.1 trillion last week. The foreign investment this week stood at 9.7 million dollars which was 5.9 million dollars in the previous week.

Bull-run at KSE this week

Posted on July 4, 2009

KSE Market Trend, Dhehan, Rujhan, Business Recorder

CFS slides this week at KSE

Posted on July 4, 2009

CFS slides KSE, Ary One World

Hike in prices of Atta, rice, tea, pulses in Peshawar

Posted on July 4, 2009

PESHAWAR: The effects of rise in prices of petroleum products are now becoming visible in Peshawar markets following Karachi. Geo News reported, prices of groceries have been increased in Peshawar following the hike in prices of petroleum products. The major items witnessing rise in prices include rice, pulses, Atta and tea.

Bears return to KSE at weekend

Posted on July 4, 2009

KARACHI: The benchmark KSE-100 Index of Karachi Stock Exchange (KSE) Friday slipped 27 points to close at 7,471. The share market started today’s journey in the green zone but selling in energy and cement sectors in the second session switched the Index into the negative mode. The trade volume stood at 180 million shares today. [...]