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BRIndex30 Gains 291.51 Points
Byline: RECORDER REPORT On Wednesday, BRIndex30 opened at 12,930.7 and closed at 13,222.21 with a net positive change of 291.51 points or 2.25 percent higher than previous close. Total Volume was 221,484,000 which was 52.9 percent of All Share Volume and 89.49 percent of KSE 100 Index Volume. All
Index Hits All-Time High
Byline: RECORDER REPORT Karachi Stock Exchange (KSE) Wednesday hit all-time high for third day in a row and the benchmark 100-index breached another psychological barrier of 20,550 to close at 20,566.69 from 20,474.62 points Tuesday. The local bourse opened in green zone but slipped into minus zone
Power Subsidy Reaches Rs 315 Billion: MoF Irked by Poor Recoveries by...
Byline: ZAHEER ABBASI With power sector subsidy going up to Rs 315 billion, the Finance Ministry has reportedly expressed annoyance over poor recovery by the distribution companies and termed it unsustainable. Sources said that a meeting on circular debt was held on Wednesday at the Finance
Eurozone Faces Another Year of Contraction after First Quarter Slump
Byline: ANDREW MCCATHIE The eurozone is being described as the weakest link in the global economy, with the 17-member currency bloc facing up to another year of contraction. While economists believe growth in the world's two leading economies - the United States and China - will steadily gain
Government of Pakistan: Market Treasury Bills
Realised Value Face Value 03-Month 2,973.325 3,038.000 06-Month 94,564.373 99,008.000 12-Month 200,748.195 219,600.000 Total 298,285.893 321,646.000 Tenders for Sale of 3-Months, 6-Months & 12-Months Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakistan, Karachi
New 'Rebellion' Seeks to Oust Egypt's Morsi
Byline: NEHAL EL-SHERIF Activists in Egypt have launched a new "rebellion" - this time against President Mohammed Morsi - and they are collecting signatures demanding his ouster rather than taking to the streets. The campaign, called Tamarod (rebellion in Arabic), has received massive support and
MFN Status to India: Commerce Ministry Told to Submit Summary
Byline: MUSHTAQ GHUMMAN The Commerce Ministry has reportedly been directed by the presumptive government of Pakistan Muslim League-Nawaz to submit a summary on trade liberalisation with India commonly known as Most Favoured Nation (MFN) status in the first cabinet meeting, sources told Business
UBL Funds Launches Wealth Builder Plan
UBL Funds, under its smart investment plans, has launched the UBL Wealth Builder Plan. The Wealth Builder is designed keeping in mind the need of investors for a lump sum and/or regular contribution plan that builds over time and is ideal for those who are not investment savvy but still want to
Seven Arrested for Rigging
Judicial Magistrate (South) Waqar Ahmed Soomro announced on Wednesday the arrest of seven men allegedly involved in vote-rigging at polling stations in the DHA area. According to Sub Inspector Rasheed of Darakhshan police station the seven men were caught on May 11 after numerous complaints were
BISE Hyderabad HSC Exams from Today
Byline: RECORDER REPORT The Controller of Examinations, Board of Intermediate & Secondary Education Hyderabad informed that the Higher Secondary Certificate Part-I & II (Class-XI & XII) Annual Examination 2013 will be commenced from May 16, 2013, under the jurisdiction of BISE Hyderabad. Abdul
ASWJ Activist among Two Killed in City
Byline: RECORDER REPORT At least two people including local leader of ASWJ were killed in separate incidents of violence in city on Wednesday, police and rescue sources said. A worker of Ahle-Sunnat Wal Jamaat (ASWJ) was gunned down by unidentified armed men near Usman Ghani Masjid, Vita Chowrangi
Judges' Detention Case: Hearing Adjourned to 18
Byline: RECORDER REPORT The Anti-Terrorism Court (ATC) on Wednesday adjourned the hearing of judges' detention case against former president and army chief Pervez Musharraf till May 18 after the public prosecutor extended an excuse that he was unable to our sue the case. The ATC judge, Kausar Abbas
Passenger Care: Supreme Court Seeks Report from CAA
Byline: KHUDAYAR MOHLA The Supreme Court on Wednesday sought a comprehensive report and a copy of SOPs from Civil Aviation Authority (CAA) to evaluate measures taken to ensure dignity and respect of international and local passengers upon their arrival at and departure from twelve airports in the
Activities at Karachi and Qasim Ports
Byline: RECORDER REPORT The Karachi Port handled 95,108 tonnes of cargo comprising 86,137 tonnes of import cargo and 8,971 tonnes of export cargo including 1,368 loaded and empty containers during the last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 86,137 tonnes comprised
London Interbank Offered Rates
Byline: RECORDER REPORT Rates at 11:00 London time Wednesday (May 15, 2013) USD GBP CAD EUR JPY O/N 0.14500 0.48250 0.98800 0.02357 0.10429 1 Week 0.16520 0.48750 1.00600 0.03471 0.10286 2 Weeks 0.17790 0.48875 1.02700 0.04186 0.10929 1 Month 0.19820 0.49125 1.05200 0.05714 0.12000 2 Months
Exchange Rates: Buying and Selling
Byline: RECORDER REPORT Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ USA 98.40 98.20 97.99 UK 149.80 149.49 149.16 EURO 127.28 127.02 126.75 CANADA 96.54 96.34 96.09 SWITZERLAND 101.81 101.60 101.33 AUSTRALIA 97.37 97.17 96.92 SWEDEN 14.76 14.73 14.69 JAPAN 0.9630 0.9610 0.9585 NORWAY
Barclays Bid Rates and Maximum Rates for Payment of Interest
Byline: RECORDER REPORT INTEREST PAYABLE ON FE DEPOSITS BBA BID MAXIMUM RATES RATES FOR PAYMENT OF INTEREST BY AUTHORISED DEALERS US DOLLARS VALUE 15-05-2013 VALUE 15-05-2013 For 3 months and over but less than 6 months 0.0251% PA 0.7751% PA For 6 months and over but less than 12 Months 0.1764%
BRIndex30 and BR Sectoral Indices
Byline: RECORDER REPORT BR INDICASE AT A GLANCE BRINDEX30 - Day Close: 13,222.21 Net Change: 291.51 Volume ('000): 221,484 Makt Cap 516,254,655,128 BR SECTORAL INDICES BR TECH. & COMM. Day Close: 548.48 NET CH. 10.53 BR CEMENT Day Close: 1,886.86 NET CH. 0.34 BR COMMERCIAL BANKS Day
Member to Member
Byline: RECORDER REPORT MEMBERS HAVE SUBSEQUENTLY REPORTED THE FOLLOWING TRANSACTIONS MEMBER TO MEMBER As on: 15-05-2013 Member Name Member Name Company Turnover Rates Buyer Seller of Shares RAH Sec. Adam Sec. Engro Corporation 2,000 141.08 Total/Weighted Avg. Rate 2,000 141.08 AKD Sec. Arif
Proposed Right Issues
Byline: RECORDER REPORT PROPOSED RIGHT ISSUE Company Rate Pervez Ahmed Securities (at a discount of Rs 5/- ie Rs 5/- per share) 231.08% United Brands 800% Apna Microfinance Bank 283.333% Frontier Ceramics (at a discount of 82% ie Rs 1.80 per share) 865% Pervez Ahmed Securities (at a discount of
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