Posts tagged as: half

Corporate results: NBP’s earnings rise 42% in first half

KARACHI:  National Bank of Pakistan (NBP) announced on Tuesday that its profit rose 41.9% in the first half of 2014, standing at Rs8.1 billion (earnings per share – EPS Rs3.8) compared to Rs5.7 billion (EPS Rs2.7) in the same six months of previous year. The bank’s net interest income dipped 2.8% to Rs19.5 billion. However, […]

Bank Alfalah posts profit before tax of Rs3.978bn for half year

KARACHI: Bank Alfalah Limited posted profit before tax of Rs3.978 billion for the half year ended June 30, 2014, registering an impressive growth of 45 percent against the corresponding period last year.Earnings per share for the half year 2014 were reported at Rs1.93 as against Rs1.44 for the corresponding period, an increase of 34 percent, […]

July’s first half: Money supply contracts as govt borrowings fall

KARACHI:  Money supply in the economy shrank by 2.22% in the first 18 days of 2014-15 in contrast with the contraction of 2.02% recorded in the comparable period of 2013-14, according to the latest monetary aggregates released by the State Bank of Pakistan (SBP). The contraction in broad money between July 1 and 18 was […]

11MFY14: Savings mobilisation reduces by almost a half

KARACHI:  Savings mobilisation by the National Savings Schemes (NSS) in the first 11 months of 2013-14 remained Rs174.1 billion, which is almost half of the amount of savings mobilised in the corresponding period of 2012-13. According to data released by the State Bank of Pakistan on Tuesday, savings mobilised under the NSS during the first […]

Attractive return: Half of equity funds beat KSE 100-Share Index

KARACHI: With fundamentals of the economy undergoing significant improvements in March, almost half of the equity-based mutual funds operating in the country outperformed the Karachi Stock Exchange (KSE) 100-Share Index last month. Eleven out of 25 conventional equity funds posted a return higher than 5.3%, which was the month-on-month increase in the KSE-100 index during March, […]

Corporate results: Lucky Cement’s profit rises 20% in first half

KARACHI:  Lucky Cement, the largest cement-maker in Pakistan with over 18% market share, has recorded a 20% increase in net profit that stood at Rs5.16 billion in the first half of fiscal year 2013-14 compared to Rs4.29 billion in the same period of previous year. Earnings per share (EPS) rose to Rs15.96 against an EPS […]

Current account: Deficit widens to $1.58b in first half, SBP data shows

KARACHI:  Pakistan’s current account deficit widened to .58 billion in the first six months of fiscal 2014 as opposed to a deficit of million in the corresponding period of fiscal 2013, according to data released by the State Bank of Pakistan (SBP) on Tuesday. However, December witnessed a current account surplus of 5 million. This […]

Remittances up 9.4% in first half of FY14

KARACHI:  Overseas Pakistani workers remitted .79 billion in the first half of the current fiscal year, an increase of 9.4% compared with .11 billion received during the same period of the last fiscal year, a statement released by the State Bank of Pakistan (SBP) said. The inflow of remittances in July-December from Saudi Arabia, United […]

New Year merry making leaves half a dozen people injured

KARACHI: Amid tall claims of tight security by the police, Karachi remained firmly in the grip of lawlessness as heavy aerial firing marked the arrival of the New Year, and delivered at least half a dozen injured youths to hospitals. The Sindh home department, under Section 144, had imposed a ban on aerial firing, fireworks and […]

Market watch: Bulls pull through in second half

KARACHI: The stock market tested nerves ahead of the weekend with news and rumours driving the direction while activity was somewhat dull during early trade. However, the second session lived up to its expectation as the Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.42% or 106.68 points to end at 25,579.33. “In the first session, […]

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