Saturday, September 12, 2009 KARACHI: The Karachi share market recorded an inflow of $28.559 million of foreign portfolio investment during the week ended on September 11, 2009. According to National Clearing Company of Pakistan Limited (NCCPL), the net inflow of foreign portfolio investment at the local equity market increased to $90.829 million during 11 days of the current month.An inflow of $94.635 million of this mode of investment was recorded in the preceding month. The offshore investors bought shares worth $51.0 million and sold shares worth $22.4 million, resulting in net buying of $28.6 million during the week.The week started with a positive trend and $2,026,896 of foreign portfolio investment was seen on Monday. An inflow of $9,650,737 was recorded on Tuesday, while $3,007,925 came on Wednesday. An inflow of $11,850,059 of this mode of investment was recorded on Thursday and $2,023,902 came on Friday.
Sunday, February 28, 2010 HAVANA: Hundreds of wealthy merchants and cigar aficionados from all parts of the world gathered in Havana this week to bid high stakes for humidors full of premium cigars. Cuba's annual Habanos festival ended on Friday night with an auction of ornate humidors of cedar and mahogany stacked with hand-rolled stogies that raised 800,000 euros ($1.09 million dollars). Habanos S.A. executives this month said cigar sales fell 8 percent to $360 million in 2009, so they have created the Julieta, a smaller, milder version of the Romeo y Julieta cigar, aimed specifically at female smokers. Women now make up only 5 to 10 percent of customers for Habanos. But even with the creation of the Julieta, Garcia said Habanos has only modest hopes for 2010 sales, due largely to a weak economy in Spain, the biggest market for Cuban cigars. The flavor of premium tobacco relies on the soil and climate in which it is grown. The western province of Pinar Del Rio, famous fo...
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