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KSE index surges by 260 points

Source: The News | 18-01-2013

Karachi Stock Exchange (KSE) welcomed the peaceful settlement resulting in the end of Islamabad D chowk sit-in and went on trading this morning in a jolly good mood.

KSE-100 index during the trading Friday morning was seen surged at 16,552 points, up by 260. The market was upbeat with the start of the business as the investors went on buying blue chips that saw the index jumped up by 260 to 16,552 points.

It may be recalled that the market being hit by political uncertainty was seen down by 500 points during the last few days of standoff between the participants of the Islamabad sit-in and a nexus of the political parties including the government in Islamabad and Lahore.

Govt revises MP salary package, perquisites

Source: dawn | 27-12-2012

The government has revised already lucrative Management Position (MP) salary package and perquisites with effect from January 2013.The Finance Division has issued a notification on Wednesday stating, “Prime Minister has been pleased to approve the revision of Management Position (MP) salary package and perquisites with effect from January 2013&rdq..... Read more

US profits could bounce in 2014 if economy gains steam

Source: Dunya News | 13-01-2014

A more robust U.S. economy could lift 2014 profits and boost corporate spending, giving some comfort to investors worried about bloated stock prices. Faster economic growth should translate into better sales growth for the Standard & Poor s 500 index, and that has investors watching the coming fourth-quarter earnings reports to see if chief exe..... Read more

Obama\'s aids discuss causes of withering economy

Source: Dunya News | 07-06-2013

$Obama\'s aids discuss causes of withering economy$ WASHINGTON(Reuters) - In the summer of 2009, with the U.S. economy badly wounded and the nation s financial calamity still a vivid memory, President Barack Obama s closest aides began a vital discussion about who he should nominate to run the Federal Reserve. It was, according several former insiders, a short conversation. Fed Chairman..... Read more

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