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Asian stocks mostly boosted by strong China data
Source: Geo News | 02-09-2013

HONG KONG: Asian shares mostly rallied on Monday after strong manufacturing data indicated a slowdown in China may be coming to an end, while the dollar climbed back towards the 100 yen mark.

Easing concerns about a possible military strike on Syria also lifted sentiment and reduced worries over crude supplies, sending prices lower.

In afternoon trade Hong Kong climbed 1.77 percent. Tokyo ended up 1.37 percent, or 184.06 points, at 13,572.92, while Sydney closed 1.03 percent, or 53.3 points, higher at 5,188.3.

However, Seoul was flat, edging down 1.55 points to 1,924.81, while Shanghai was also slightly lower in late trade.

Data Saturday showed China's official purchasing managers' index (PMI) of manufacturing hit 51.0 last month, up from 50.3 in July and the best reading since April last year. Anything above 50 indicates growth, while anything below signals contraction.

On Monday HSBC confirmed its own PMI came in at 50.1.

The results follow a slew of recent upbeat data that suggest a slowdown in the world's number two economy and key driver of global growth may have come to an end.

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Pakistan’s six-month trade deficit drops to $9.871 billion Pakistan’s trade deficit narrowed by 14 per cent for the first six months of the fiscal year 2012/13, to $9.871 billion, compared to the same period last year, the Pakistan Bureau of Statistics said.   Exports rose 7.58 per cent to $12.051 billion during the July-Dec period compared to the same period last year,and imports eased to $21.922 billi..... Read more
Source: The News | 18-01-2013
KSE index surges by 260 points 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 blu..... Read more
Source: The Nation | 31-01-2013
Economy grew by 3.7pc in FY12 Pakistan’s economy witnessed a modest improvement in FY12 – real GDP grew by 3.7 percent during the year, compared with 3.0 percent in FY11, says the State Bank’s Annual Report on the State of the Economy for the year 2011-12 released on Wednesday.It said the actual outcome in the external sector in FY12 was better: a current account defici..... Read more
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