Thursday March 18, 2010 
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 Company News[1-1 of 1 stories]  
 Pakistan   |   World  

Cement: BESTWAY CEMENT COMPANY LIMITED - Analysis of Financial Statements Financial Year 2003 - 2001 H 2010

OVERVIEW (March 18, 2010): Bestway Cement Company Ltd (BWCL) is a subsidiary of Bestway Group of United Kingdom. It was listed on Karachi Stock Exchange in February 2001. The company is a major manufacturer and seller of cement. In FY09 Bestway Cement held 13.2% local market share and a 10% share in total exports of the cement industry.




EIBL long-term entity rating maintained
KARACHI (March 17, 2010): JCR-VIS Credit Rating Company Limited has maintained the long-term entity rating of Escorts Investment Bank Limited (EIBL) at 'A/A-1' (single A/A-one). JCR-VIS has also maintained the rating of TFC-1 at 'A+' (single A plus).



JS GLOBAL CAPITAL LIMITED - Analysis of Financial Statements Financial Year 2008 - 2001 Q 2010

OVERVIEW (March 17, 2010): JS Global Capital Limited (formerly JS Capital Markets Ltd), with long-term rating of AA by PACRA, is a subsidiary of Jahangir Siddiqui & Company Limited. The company started its formal operations in September 2003.




Bank Aflalah's net profit declines to Rs 897.035 million
KARACHI (March 16, 2010): The profit after tax of Bank Alfalah Limited has declined to Rs 897.035 million in the year ended December 31, 2009, as compared to Rs 1,301.301 million earned in the corresponding period in 2008. The bank's earning per share declined to Re 0.71 in the period under review against Rs 1.41 in the same period a year back.



Petroleum: ATTOCK PETROLEUM LIMITED - Analysis of Financial Statements Financial Year 2004 - 2001 H 2010

OVERVIEW (March 16, 2010): The 4th company to be granted marketing licence in Pakistan, Attock Petroleum Limited (APL) is the 3rd largest Oil Marketing Company of Pakistan with a market share of 6.6% in FY09.




Refinery: PAKISTAN REFINERY LIMITED - Analysis of Financial Statements June 2008 - 2001 H 2010

OVERVIEW (March 15, 2010): Pakistan Refinery Limited (PRL) was incorporated in 1960. It is situated in Karachi and engaged in the production and sales of petroleum energy products as well as MTT, its only non-energy product.




AKB rating reaffirmed by JCR-VIS
KARACHI (March 14, 2010): JCR-VIS Credit Rating Company Limited has reaffirmed the corporate governance rating of Atlas Bank Limited (ABK) of CGR-7, which denotes 'moderately high level of corporate governance'. Corporate governance ratings are arrived at after evaluating key governance elements of the rated enterprise, which include regulatory compliance, ownership structure, composition and operations of the board of directors and executive management, self-regulation, financial transparency and relationship with stakeholders.



Textile Manufacturing and Spinning: NISHAT MILLS LIMITED - Analysis of Financial Statements Financial Year 08-1H'10

OVERVIEW (March 13, 2010): BACKGROUND Nishat Mills Limited (NML) is the largest textile composite unit of Pakistan engaged in the business of textile manufacturing and spinning, combing, weaving, bleaching, dyeing, printing, stitching, buying, selling and otherwise dealing in yarn, linen, cloth and other goods and fabrics made from raw cotton, synthetic fibre and cloth, and to generate, accumulate, distribute and supply electricity. The shares of the company are listed on all the three stock exchanges of the country.




PICIC GROWTH FUND (PGF) - Analysis of Financial Statements (up to H 2001 Financial Year 2010)

OVERVIEW (March 12, 2010): BACKGROUND PICIC Asset Management Company Limited (PICIC AMC) is a wholly owned subsidiary of NIB Bank Limited (NIB). NIB is a subsidiary of Fullerton Financial Holdings Limited which is a wholly owned by Temasek Holdings, the investment arm of the Government of Singapore.




Telecommunication: PAKISTAN TELECOMMUNICATIONS COMPANY LIMITED - Analysis of Financial Statements Financial Year 2005 - H 2001 2010

OVERVIEW (March 11, 2010): Pakistan Telecommunications Company Limited was incorporated in Pakistan on December 31, 1995 and commenced business on January 1, 1996. It is listed on all the three stock exchanges of the country.



  

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The Rupee
Interbank closing rates for dollar on Wednesday.
BuyingRs 84.25
SellingRs 84.30
Dollar drifts lower
8556.86  199.43
Sectoral Indices 
Market at Close
BRIndex-30 8,556.78
KSE-30 Index 10,344.15
KSE-100 Index 10,007.87
LSE-25 Index 3,152.94
ISE-10 Index 2,457.77
Gold Per 10gm 30,857.00
KCA Spot Rate 5,500.00
Libor Rate 0.40188
World Indices
Index Closing Chg%
DJIA 10,733.67 0.45
Nasdaq 2,389.09 0.47
S&P 1,166.21 0.58
FTSE 5,644.63 0.40
DAX 6,024.28 0.89
CAC-40 3,957.89 0.48
Nikkei 10,744.03 0.95
H.Seng 21,330.67 0.25
Sensex 17,519.26 0.17
NY Closing
Euro 0.7282
Sterling 0.6528
Swiss Franc 1.0546
Yen 90.321
Gold 1122.30
Cotton 81.170
Oil 82.70
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyFebruary
Trade Balance $-964 bln
Exports $1.53 bln
Imports $2.50 bln
WeeklyMarch 15, 2010
Reserves $14.725 bln
 











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