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Pakistani stocks close lower, rupee weakens

Source: Dawn News | 08-02-2013

Pakistan’s stock market closed lower on Thursday with investors cashing in shares after the market hit an all time high the previous day before.

The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.14 percent, or 25.20 points, lower at 17,383.32.There was a higher volumes of trading of shares in the Pakistan Telecommunication Corporation, with some investors booking profits after it rallied in the last few sessions. Small telecom-related shares like Telecard Ltd and World Call Telecom remained popular.

Telecard Ltd rose 2.85 percent to 4.69 rupees.Pakistan Telecommunication Corporation fell 4.48 percent to 19.40 rupees.In the currency market, the rupee ended weaker at 97.85/97.92 against the dollar, compared to Wednesday’s close of 97.82/97.87.Overnight rates in the money market remained flat at nine percent.

Oil prices down

Source: Dunyanews | 10-04-2014

Oil prices eased in Asian trade Thursday on weak Chinese trada data, but losses were curbed by upbeat sentiment over US demand and lingering doubts about the full resumption of Libyan exports, analysts said. New York s main contract West Texas Intermediate (WTI) for May delivery dropped 27 cents to $103.33 a barrel in afternoon trade and Brent North Sea cru..... Read more

Govt directed to put Ogra chief, other officials on ECL

Source: Dawn News | 18-01-2013

The Peshawar High Court on Thursday directed the interior division to put the names of chairman of Oil and Gas Regulatory Authority (Ogra) and several other officials including that of Oil and Gas Development Company (OGDCL) on the exit control list (ECL) after an inquiry pointed out irregularities in the extraction of liquefied petroleum gas (LPG) from Koha..... Read more

Over 25,000 firms related to gems business

Source: The Nation | 18-02-2013

Lahore has become the 2nd largest jewellery production hub after Karachi, as more than 25000 business enterprises related to gems and jewellery are operating in Punjab, providing employment to more than 20,0000 individuals. Traditionally Lahore has been a land of finesse artisans and this tradition has transcended in the jewellery industry as well. Con..... Read more

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