Friday July 30, 2010 
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Unsuccessful negotiations: Attock Cement won't acquire shares of Al-Abbas Cement
RECORDER REPORT
KARACHI (July 29 2010): Attock Cement Pakistan Limited has said that the negotiations for acquisition of shares of Al-Abbas Cement Industries have been terminated. According to a notice sent to Karachi Stock Exchange (KSE) on Wednesday, the Attock Cement Pakistan, at this stage, is not interested in acquiring the majority shares of Al-Abbas Cement Industries.

The Attock Cement Pakistan Limited had shown intention to acquire 74 percent shares of the total issued share capital of Al-Abbas Cement Industries Limited. However, now the Attock Cement confirmed that due to unsuccessful negotiations they would not be acquiring the share of Al-Abbas Cement Industries.

Copyright Business Recorder, 2010


   
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The Rupee
Interbank closing rates for dollar on Wednesday.
BuyingRs 85.70
SellingRs 85.75
Dollar down sharply
7481.03  73.24
Sectoral Indices 
Market at Close
BRIndex-30 7,583.12
KSE-30 Index 9,713.73
KSE-100 Index 9,891.13
LSE-25 Index 3,123.79
ISE-10 Index 2,560.44
Gold Per 10gm 34,157.00
KCA Spot Rate 6,400.00
Libor Rate 0.49669
World Indices
Index Closing Chg%
DJIA 10,387.01 0.45
Nasdaq 2,228.87 0.90
S&P 1,098.87 0.64
FTSE 5,429.74 0.40
DAX 6,164.44 0.76
CAC-40 3,677.21 0.92
Nikkei 9,024.60 2.20
H.Seng 21,088.90 1.50
Sensex 18,666.71 0.12
Updated at 5:00 am Pst
NY Closing
Euro 1.2725
Sterling 1.5472
Swiss Franc 1.0114
Yen 83.9090
Gold 1257.40
Cotton 90.560
Oil 75.01
Economic Indicators
Annual2009/10
Foreign Debt $53.01bn
Per Cap Income $1046
GDP Growth 4.1%
Average CPI 11.73%
MonthlyJuly
Trade Balance $-1.45 bln
Exports $1.78 bln
Imports $3.24 bln
WeeklySeptember 02, 2010
Reserves $16.12 bln
 









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