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Jordan Islamic Bank profit surge 9% to $16m Q1 0f 2015

AMMAN: Jordan Islamic Bank (JIB), a subsidiary of Bahrain-based Al Baraka Banking Group, has reported nine per cent growth in net profit at $ 16.08 million for the first quarter when compared with $ 14.67m for the first quarter last year. Profits before tax saw a growth of about 14.1pc to $ 23.41m when compared with $ 20.45m earlier. The ... Read More »

South African Rand gains 0.3% stronger against US dollar

JOHANNESBURG: South Africa’s rand strengthened against the dollar early on Friday, supported by a hawkish policy statement the previous day as the central bank signalled a rate hike in the coming months. At 06h28 GMT the rand was trading 0.43 percent stronger at 11.7920 to the dollar compared with its closing level on Thursday. The rand touched a three-week high ... Read More »

JIB bank gains surge 9pc to $16m Q1-2015

AMMAN: Jordan Islamic Bank (JIB), a subsidiary of Bahrain-based Al Baraka Banking Group, has reported nine per cent growth in net profit at $ 16.08 million for the first quarter when compared with $ 14.67m for the first quarter last year. Profits before tax saw a growth of about 14.1pc to $ 23.41m when compared with $ 20.45m earlier. The ... Read More »

JIB bank gains surge 9pc to $16m Q1-2015

AMMAN: Jordan Islamic Bank (JIB), a subsidiary of Bahrain-based Al Baraka Banking Group, has reported nine per cent growth in net profit at $ 16.08 million for the first quarter when compared with $ 14.67m for the first quarter last year. Profits before tax saw a growth of about 14.1pc to $ 23.41m when compared with $ 20.45m earlier. The ... Read More »

Kenya gains nearly $700 million in IMF loan

NAIROBI: Kenya obtained nearly $700 million worth of precautionary loan support from the International Monetary Fund as the country undertakes important economic reforms. The IMF approved a $497.1 loan under its Stand-By Arrangement facility and another $191.2 million under its Stand-By Credit facility. Both are one-year loans that the IMF said Nairobi does not plan to draw on “unless external ... Read More »

Stocks tumble as 100-index narrows gains; down to 33800pts level

KARACHI: Stocks tumbled to lose half of early gains to fall to 33800.64 with the benchmark KSE 100-index still intact 35.03 points or 0.10 percent till midday trading on Friday. The market, however, appeared confident and seemed positive with investors exercising caution as it is the last trading in the market. There were bulls roaring in Karachi Stock Exchange as ... Read More »

KSE roars with cheers as 100-index gains 70pt, 0.21pc to scale 33,835pts; marching on 34,000pts level

KARACHI: Bulls continued to roar in Karachi Stock Exchange as benchmark 100-index extended overnight buoyancy, gaining 70.06 points or 0.21 percent to reach another all-time high of 33835.67 points in early trading on Friday. Eyes are now up on another milestone of 34,000 points mark as the prevailing market tendency points to this direction. The market opened at the overnight ... Read More »

Bulls return to recoup losses as KSE rises 149pt, 0.45% to 33520pts; eyes 34,000pts mark

KARACHI: Bulls returned to Karachi Stock Exchange to recoup overnight losses as benchmark 100-index gained 149.45 points or 0.45 percent to rise 33520.74 points in early trading on Wednesday. On Tuesday the market closed in negative zone driven down by oil exploration companies as index heavy weight OGDC (-2.98pc) and PPL (-2.42pc) came off on global oil prices hitting five ... Read More »

Buoyant KSE scales all-time high of 33,000pts; gains 188pts, 0.57% to reach 33024pts

KARACHI: The buoyant Karachi Stock Exchange achieved another milestone as benchmark KSE 100-Index scaled all-time high of 33,000, gaining 188.63 or 0.57 percent to reach 33024.58 points level in early trading on Thursday. There was buoyancy as the market witnessed hectic trading, kept moving upwards toward scaling new heights. The stocks opened at the overnight closing of 32836 points and ... Read More »

KSE loses early gains; stays at 32007pts

KARACHI: Though Karachi Stock Exchange lost most of early gains, it remained above 32,000 mark and the benchmark sustained 7.70 point or 0.02 percent to stay at 32007.71 points till midday trading on Friday. Earlier, stocks continued moving upward in a confident manner and KSE 100-index gained 129.25 points or 0.40 percent to reach 32,129 points in early trading. The ... Read More »

Bourse bounces back as KSE gains 402pts, 1.31% to climb up 31069pts

KARACHI: The Karachi Stock Exchange which has been volatile so far in this week, bounced in a confident manner and gained 402.47 points or 1.31 percent to climb up to 31069.61 percent from the overnight closing 30667.14 points in early trading on Thursday. The market opened at the overnight closing of 30667.14 points and steadily started upward journey to recover ... Read More »

Cheering KSE consolidates gains to 314pt, 1%; eyes 32,000 points

KARACHI: Stocks cheered up at the falling commodities prices, especially POL price and lowest inflation rate as benchmark KSE 100-index gained 314.12 points or 1 percent to climb up to 31,613.84 points till midday trading on Tuesday. The Karachi Stock Exchange benchmark KSE 100-index appeared buoyant and set the pace to cross the 32,000 level. The bull-run helped the market ... Read More »

Midday: Bull-run keeps KSE shinning, consolidates gains to 404pts

KARACHI: Bull-run continued to cheer the Karachi Stock Exchange (KSE) as benchmark KSE 100-Index after crossing highest-ever psychological barrier of 31,000 points kept on upward march to reach 31316.05 points with a considerable gaining of 404 points or 1.25 percent till midday trading on Monday. Earlier, the market started the new week at the weekend closing of 30912 points and ... Read More »

Midday: Buoyancy keeps KSE afloat with 78 points

KARACHI: Buoyancy kept the Karachi Stock Exchange afloat as the benchmark KSE-100 index sustained modest gains of 78 points or 0.26% to cling to the level of 30283 points, though slight below the early gains of 83 point, till the midday trading on Friday. The sentiments remained positive, boosting confidence of the investors and keeping the score board ticking. The ... Read More »

Opening: Buoyant KSE adds 83 point to overnight gains

KARACHI: Stocks remained buoyant and kept on adding to the gains as the Karachi Stocks Exchange benchmark KSE-100 index gained 83 points or 0.28% to reach 30287.36 in early trading on Friday. The market opened at the overnight closing of 30207 points and kept on upward march. The investors responded positively to the positive trend in the market and remained ... Read More »

Midday: Cyclone Nilofar fears narrow KSE gains

KARACHI: Vagaries including the speculations about Cyclone Nilofar in Arabian Sea triggered panic in the stock market as KSE-100 index lost most of early gains and plunged to 30266 points in the midday trading on Wednesday. However, it managed to hold 41 points or 0.14% of the early gains. Earlier at opening, the Karachi Stock Exchange showed tremendous resilience and ... Read More »

Opening: KSE adds to overnight gains, up by 58 points

KARACHI: Stocks consolidated its overnight gains as Karachi Stock Exchange benchmark KSE-100 index kept on upwards march and added 58 points or 0.19 percent to reach 30297 points in early trading on Tuesday. The market opened on a positive note, though investors appeared cautious, the overall sentiments remained bullish. The KSE opened at the overnight closing of 30238 and steadily ... Read More »

Mid day report: KSE100-index gains 54.88 points

KARACHI: Karachi Stock Exchange (KSE) 100-index after weekend opened with 28917.7 points. As per mid day gain of 54.88 points (0.19%) current index is 28972.63. Read More »