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Karachi stock market plummets

Source: Geo News | 28-08-2013

KARACHI: Karachi Stock Exchange despite pleasant, cool and cloudy weather in the city continued to remain in the sagging mood for the second consecutive day perhaps over worsening security situation in this hub of trade and industry.

No wonder, with the beginning of the trading today the investors either remained indifferent or preferred unloading their over-bought shares, while the buyers’ persistent lackadaisical attitude initiated the crash that saw the market collapsing like a house of cards.

The benchmark KSE-100 shares index on one occasion was seen plummeted by massive 537 points to peg at 21,986 marks.

It may be recalled that the market at the close yesterday had also recoded a steep fall by 398.53 points taking the index down to 22523.71 marks.

India's rupee hits new low against dollar, stocks slump

Source: GEO News | 20-06-2013

MUMBAI: India's rupee hit a new low against the dollar on Thursday after the US Federal Reserve said it could start to reduce stimulus measures for the US economy. The rupee hit 59.93 in morning trade, well below its previous record low of 58.98 reached last week in part on growing concern about India's economic weakness. Indian shares also fell mo..... Read more

Two-day Pakistan-Iran talks start today

Source: The Nation | 25-02-2013

Ahead of President Asif Ali Zardari’s visit to Iran, a two-day long bilateral talk on the import of Liquefied Petroleum Gas (LPG) from Iran to Pakistan and construction of oil refinery at Gwadar is scheduled to start Monday (today). High-ups from both sides of the petroleum ministries will participate in the said important talks scheduled to kick of..... Read more

Auto industry dismayed over CCP report

Source: The Nation | 21-02-2013

The Competition Commission of Pakistan’s report of January 2013, on automobile industry, has been termed as arbitrary, unfair and distressful for the automotive sector. This was stated in an official response to CCP by Abdul Waheed, Director General, Pakistan Automotive Manufacturers Association (PAMA). While preparing the report CCP did not realiz..... Read more

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