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Karachi stock market crashes

Source: Geo News | 02-09-2013

KARACHI: Karachi Stock Exchange (KSE) on Monday, the first day of the week witnessed a huge crash on some rumours with the ‘very go’ of the trading this morning, Geo News reported.

The investors were seen selling in panic their overbought shares, while the buyers appeared reluctant and preferred to remain on the sideline that soon sent the market sagging.

The benchmark KSE-100 index on one occasion during the trading was seen down by 403 points to peg at 21757 marks.

SECP, probing bodies agree to devise strategy

Source: The Nation | 09-01-2013

The representatives of Securities and Exchange Commission of Pakistan, State Bank of Pakistan, National Accountability Bureau, Federal Investigation Agency, Financial Monitoring Unit and the federal and provincial police on Tuesday agreed to devise a comprehensive strategy to combat illegal business activities, including Ponzi and pyramid schemes, carried ou..... Read more

SSGCâ€™s disconnection spree for Rs79bn

Source: Dawn News | 08-04-2013

The Sui Southern Gas Company (SSGC) has cut off hundreds of gas connections of defaulting customers in a bid to recover massive outstanding dues of Rs79 billion. Majority of these defaulters have already been disconnected whereas hundreds of disconnections are being conducted on daily basis, SSSG said in a statement.The company has also decided to go pu..... Read more

Euro zone April business activity nears 3-year high

Source: Dunya News | 24-04-2014

Euro zone business activity hit a near three-year high in April as a modest economic recovery gained momentum and began creating much-needed jobs, a closely watched survey showed on Wednesday. Market Economics said its Euro zone Composite Purchasing Managers Index (PMI) for April, a leading indicator of overall economic activity, jumped to 54 points f..... Read more

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