Sindh Bank posts pre-tax Profit of Rs628mn

KARACHI: Sindh Bank Limited posted an operating profit of Rs. 628.32 million and an after-tax profit of Rs408.57 million during the period from 29th October 2010 to 30th June 2011.

A spokesman of the Bank said here on Tuesday that this included pre-tax profit of Rs245.852 million and an after-tax profit of Rs156.657 million earned during the quarter ended 30th June 2011 with a network of 10 branches in operation.

He said that the Bank plans to enhance its branch network to 50 by the end of the current calendar year.

The profits earned during the period under report translated into an overall EPS of Rs0.41 and Rs0.16 respectively reflecting not only the continuing growth momentum but also clearly indicating robust management strategies in spite of the continuing economic sluggishness.

The spokesman pointed out that the Bank achieved 113% increase in the deposit base while its net revenue for the period under report stood at Rs770.12 million indicating that the momentum achieved in the first quarter has been maintained.

`Despite a constricted economic environment, Sindh Bank managed to increase its Balance Sheet size by 34.65 per cent to Rs37.429 billion in the last quarter. In a matter of less than 3 months, the Bank's corporate banking portfolio touched the Rs3 billion mark across quality profile clients indicating rapid development of the corporate banking portfolio during the period under report', he added.

Copyright APP (Associated Press of Pakistan), 2011

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Posted in: Lahore Trade,Pakistan,Sindh Bank

LPG's Aramco price drops to $842.50 per ton

KARACHI: The international price of liquefied petroleum gas (LPG) has declined by $ 27.50 to $ 842.50 per ton for September 2011, and local producers should reduce local LPG price by Rs2500 per ton immediately.

This was stated by the acting chairman of All Pakistan LPG Distributors Association (APLDA) Mohammad Atique Khan here Tuesday.

He said Saudi Armco Contract Price (CP) the price of propane has slipped by $45 to $790 per ton while butane is down by $20 to $865 per ton.

Atique urged local producers to announce a cut so that LPG can become affordable for domestic consumers. High LPG prices have gone out of reach of poor consumers and therefore, its sale has declined by 45 to 55 percent in the last so many months, he added.

He maintained that most of distributors have closed their businesses due to high LPG prices.

Atique maintained that it was the right of domestic consumers to get a reduction in local prices as LPG's international price has declined.

He alleged that due to high prices of LPG, most of public transport including coaches, auto rickshaws, pick up vans, taxis and mini-trucks has been converted to CNG.

Similarly, in remote and hilly areas, people are now preferring to cut trees to meet their fuel requirements, due to high prices of LPG.

Atique urged the government to devise a mechanism for calculating LPG prices which are acceptable to every stakeholder so that LPG prices can be brought at minimum possible level in the country. This will boost the use of LPG as alternative fuel, he noted.

He also underlined the need to increase local production of LPG in the country to bring down its prices.

Copyright APP (Associated Press of Pakistan), 2011

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Posted in: Aramco price,LPG

Pakistan's Zardari seeks to allay Chinese concerns on terrorism

URUMQI: Pakistan President Asif Ali Zardari has promised to work closely with China in the fight against terrorism, state media said, nearly a month after Chinese officials blamed an attack in the troubled far-western region on militants trained in Pakistan.

Zardari made the comments during a meeting on Tuesday with Zhang Chunxian, the Communist Party chief of the restive region of Xinjiang, at the start of a trade expo in the capital, Urumqi.

His visit comes after officials in Kashgar, a city in south Xinjiang, said a stabbing attack in late July was orchestrated by members of the separatist "East Turkestan Movement" who trained in Pakistan before returning to China.

Xinjiang, a region torn by ethnic violence, borders Pakistan, and some members of the ethnic Uighur community opposed to Beijing's rule have sought refuge there.

Zardari said that Islamabad opposes any terrorist activities, Xinhua said in a report on Wednesday.

Pakistan and China are long-time allies, and in recent months Islamabad has leaned closer to China as its ties with the United States have deteriorated.

Yet China has its own concerns over Pakistan's stability as it struggles to fight militant groups operating from its soil.

Ahead of the expo, China has tightened security in Urumqi, deploying SWAT teams and increasing checks on flights bound for the region, state media said. .

Copyright Reuters, 2011

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Posted in: allay Chinese concerns,Pakistan Zardari

Eid packages distributed among poor

LAHORE: Federal Minister and Pakistan Peoples Party Lahore president Samina Khalid Ghurki distributed Eid Packages among deserving people here on Sunday.

A ceremony in this regard was held at a local school Manawan where the minister distributed packets of food among more than1,500 people. The people, gathered on the occasion, prayed for her life, the country and the PPP-led government.


Courtesy : The News

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Posted in: Eid packages

Asia stocks up on Fed hopes; Irene spares NYC

HONG KONG: Asian stocks rose on Monday morning, after the recent sell-off while the dollar struggled after U. S. Federal Reserve Chairman Ben Bernanke left the door open for further action to stimulate the economy and fight high unemployment. Gains in equities were also supported by firmer U. S. stock futures after Hurricane Irene, downgraded to tropical storm status, spared the nations financial centre the worst.
The MSCI Asia Pacific ex-Japan index rose 1. 9 percent led by cyclicals sectors such as materials and energy. South Koreas KOSPI , the Asian market considered to be the most geared to a global economic recovery, led gains and was up 2. 8 percent. Japans Nikkei edged up 0. 5 percent on subdued volumes ahead of a leadership election in the ruling party that will decide the countrys next prime minister. Stubbornly high unemployment coupled with the possibility of more monetary stimulus in the U. S. kept the dollar under pressure in Asian trading. The dollar index a measure of its strength against a trade-weighted basket of currencies, last stood at 73. 755, having fallen from Fridays peak of 74. 464. Against the yen, the greenback traded at 76. 69 yen , recoiling from a recent high around 77. 69. In commodity markets, Brent crude fell below $111 on Monday as oil refiners and terminals along the U. S. east coast weathered the worst of a tropical storm, easing fears of fuel supply disruptions in the worlds top oil consumer. NYMEX crude for October delivery was flat. Spot gold fell 0. 3 percent to $1,821. 99 an ounce retreating slightly from an over 3 percent rally in the previous session. 

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Posted in: Asia stocks,Lahore Trade

Stock Exchanges

A list of Stock Exchanges Worldwide and other foreign currency exchange resources. A stock exchange or share market is a corporation or mutual organization which provides Trading Facilities for stock brokers and traders, to trade stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities as well as other financial instruments and capital events including the payment of income and dividends.

Afghanistan	Kabul International Stock Exchange
Argentina	Buenos Aires Stock Exchange
Australia	Australia Pacific Exchange
	Australian Securities Exchange
	Bendigo Stock Exchange
	National Stock Exchange of Australia
	Sydney Futures Exchange
Bahamas	Bahamas Securities Exchange
Bahrain	Bahrain Stock Exchange
Bangladesh	Chittagong Stock Exchange
	Dhaka Stock Exchange
Barbados	Barbados Stock Exchange
Bermuda	Bermuda Stock Exchange
Brazil	BM&F Bovespa
	Rio de Janeiro Stock Exchange
	Maring� Mercantile and Futures Exchange
	BOVMESB
Bulgaria	Bulgarian Stock Exchange
Canada	CNQ
	Nasdaq Canada
	Winnipeg Commodity Exchange
	Toronto Stock Exchange
	Montreal Exchange
Chile	Santiago Stock Exchange
	Santiago Electronic Stock Exchange
	Valpara�so Stock Exchange
China	Shanghai Stock Exchange
	Shenzhen Stock Exchange
Colombia	Bolsa de Valores de Colombia
Costa Rica	Bolsa Nacional de Valores de Costa Rica
Czech Republic	Prague Stock Exchange
Denmark	Copenhagen Stock Exchange
Dominican Republic	Bolsa de Valores de la Rep�blica Dominicana
Eastern Caribbean States	Eastern Caribbean Securities Exchange
Egypt	Cairo & Alexandria Stock Exchange
Estonia	Tallinn Stock Exchange
Fiji	South Pacific Stock Exchange
French Polynesia	Euronext Paris
Hong Kong	Hong Kong Exchanges and Clearing
Hungary	Budapest Stock Exchange
Iceland	Iceland Stock Exchange
India	Delhi Stock Exchange Association
	Gawahati Stock Exchange
	Hyderabad Stock Exchange
	Inter-connected Stock Exchange of India
	Jaipur Stock Exchange
	Ludhiana Stock Exchange
	Madhya Pradesh Stock Exchange
	Madras Stock Exchange
	Mangalore Stock Exchange
	Ahmedabad Stock Exchange
	National Stock Exchange of India
	Bangalore Stock Exchange
	OTC Exchange of India
	Bhubaneswar Stock Exchange
	Pune Stock Exchange
	Bombay Stock Exchange
	Uttar Pradesh Stock Association
	Calcutta Stock Exchange
	Vadodara Stock Exchange
	Cochin Stock Exchange
	Meerut Stock Exchange
	Coimbatore Stock Exchange
	Digambar Finance Jabalpur
Indonesia	Jakarta Stock Exchange
	Surabaya Stock Exchange
	Jakarta Futures Exchange
Iran	Tehran Stock Exchange
Iraq	Iraq Stock Exchange
Israel	Tel-Aviv Stock Exchange
Jamaica	Jamaica Stock Exchange
Japan	Fukuoka Stock Exchange
	JASDAQ
	Nagoya Stock Exchange
	Osaka Securities Exchange
	Sapporo Stock Exchange
	Tokyo Stock Exchange
Jordan	Amman Stock Exchange
Kenya	Nairobi Stock Exchange
Kuwait	Kuwait Stock Exchange
Lebanon	Beirut Stock Exchange
Malaysia	Kuala Lumpur Commodity Exchange
	Bursa Derivatives
	MESDAQ
	FTSE Bursa Malaysia Index
	Bursa Malaysia
Mauritius	The Stock Exchange of Mauritius
Mexico	Bolsa Mexicana de Valores
Morocco	Casablanca Stock Exchange
New Zealand	New Zealand Exchange Limited
Norway	Oslo Stock Exchange
Oman	Muscat Securities Market
Pakistan	Islamabad Stock Exchange
	Karachi Stock Exchange
	Lahore Stock Exchange
Philippines	Philippine Stock Exchange
	Philippine Dealing Exchange
Poland	Warsaw Stock Exchange
	NewConnect
Romania	Bucharest Stock Exchange
	SIBEX
	RASDAQ
Russian Federation	Moscow Interbank Currency Exchange
	Moscow Stock Exchange
	RTS Stock Exchange
	Saint Petersburg Stock Exchange
Saudi Arabia	Saudi Arabia Electronic Securities Information System
	Tadawul
Singapore	Singapore Exchange
	Singapore Commodity Exchange
Slovakia	Bratislava Stock Exchange
South Africa	JSE Securities Exchange / Johannesburg Stock Exchange
	The South African Futures Exchange
	Alternative Exchange
	Bond Exchange of South Africa
Sri Lanka	Colombo Stock Exchange
Sudan	Khartoum Stock Exchange
Sweden	Nordic Growth Market
	Stockholm Stock Exchange
Switzerland	SWX Swiss Exchange
	Bern eXchange
Taiwan	Taiwan Stock Exchange
Thailand	Stock Exchange of Thailand
	Agricultural Futures Exchange of Thailand
	Thailand Futures Exchange
	Market for Alternative Investment
Trinidad & Tobago	Trinidad and Tobago Stock Exchange
Tunisia	Bourse de Tunis
Turkey	Istanbul Stock Exchange
United Arab Emirates	Abu Dhabi Securities Market
	Dubai Financial Market
	Dubai International Financial Exchange
United Kingdom	London Stock Exchange
	Plus Markets
	Markit BOAT
	Project Turquose
United States of America	American Stock Exchange
	Boston Stock Exchange
	Boston Equities Exchange
	Boston Options Exchange
	Chicago Board Options Exchange
	Chicago Board of Trade
	Chicago Mercantile Exchange
	Chicago Stock Exchange
	International Securities Exchange
	Miami Stock Exchange
	NASDAQ Stock Market
	National Stock Exchange
	New York Stock Exchange
	Philadelphia Stock Exchange
Venezuela	Bolsa de Valores de Caracas
Vietnam	Ho Chi Minh Stock Exchange
	Hanoi Securities Trading Center
Zambia	Lusaka Stock Exchange

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Posted in: In Whole World,Stock Exchanges