InfoAnda - Pakistani stocks end flat, volume withers

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Chinese speakers get easier access to Internet | 13 July 2010
Twenty-eight found dead after Turkish mine blast | 20 May 2010
European MPs reach blockaded Gaza by sea | 8 November 2008

Malaysia passes DNA law before Anwar sodomy case | 23 June 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Pakistani stocks end flat, volume withers

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: Pakistani stocks end flat, volume withers Reuters - Saturday, November 8 KARACHI, Nov 7 - Pakistani stocks ended flat on Friday in record low volume and dealers said investors had lost interest because of a floor on the main index. The Karachi Stock Exchange benchmark 100-share index <.KSE> ended at 9,183.14 points, 39 points above the floor that was imposed on Aug. 28 after sharp losses. Volume was a mere 1,700 shares, the lowest ever. The KSE-index has lost nearly 35 percent since the beginning of the year. "There isn't any interest in the market due to the floor," said Sajid Bhanji, a dealer at brokers Arif Habib Ltd. "It'll be like this until the floor is removed." Exchange authorities have declined to say when the floor will be removed except to say it will be after a government support fund is in place. A fund of 20 billion rupees is being finalised to support share prices when the floor is removed. Four state-owned companies are expected to invest 5 billion rupees each and the fund will be managed by National Investment Trust. An exchange official said last month the fund would invest in nine-state owned entities. Dealer said investors were also awaiting clarity on foreign inflows and other financial assistance including the possibility of an International Monetary Fund loan and a Saudi oil facility. Pakistan is facing a balance-of-payments crisis and needs $3.5 billion to $4.5 billion quickly to fill a financing gap. In the currency market, the rupee was quoted closing at 81.00/20, compared with Thursday's close of 80.90/81.00. The rupee has weakened 24 percent against the dollar since the beginning of the year. The government has said it does not want to have to sign up to an IMF programme but it held talks with the IMF in Dubai that ended last week. The IMF said at the time more discussions would be held in a few days. The government is hoping for help from friendly governments, such as Saudi Arabia, and other donors but they have been reluctant to come forward and analysts say the nuclear-armed U.S. ally has little option but to accept IMF help. Total foreign reserves, including those held by commercial banks, have fallen sharply from a high of $16.5 billion in October last year, to $6.76 billion on Nov. 1, of which the central bank accounted for $3.53 billion. The central bank's reserves are less than September's total imports of $3.807 billion. In the money market, short-term money rates ended at top levels after the central bank sold 30.1 billion rupees of Treasury bills under one-day repo contracts at 9 percent to absorb liquidity from the money market. Overnight call rates ended at 12.90 percent, unchanged from Thursday's close. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Gold prices rise modestly as dollar slipsAP - 2 hours 54 minutes ago US STOCKS-Wall St jumps on bargain hunting in volatile weekReuters - Saturday, November 8 Stocks rise after two days of heavy sellingAP - Saturday, November 8 Greenspan: US GDP to decline significantlyAP - Saturday, November 8 Anheuser-Busch settles shareholder suits over saleAP - Saturday, November 8 Most Popular – Business Viewed IMF sees recession in advanced economies in 2009 Among Obama's next challenges: his own security US doctors tell Liu Xiang he needs surgery Obama discusses global financial crisis with world leaders Airline profits nosedive as leaders debate finance crisis View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

Other News on Friday, 7 November 2008
U.N. and African leaders meet on Congo crisis | International |
Honda unveils leg assist machine for elderly
Death toll in NW Pakistan suicide attack rises to 22: officials
Election win boosts Britain's Brown | International |
DRCongo peace summit opens in Nairobi
Opposition rally tests Georgia's leader | International |
British Airways profits take a plunge
U.S. military shoot, then rescue Afghan soldier | International |
10 dead in suspected US missile strike in Pakistan
US doctors tell Liu Xiang he needs surgery
Russia to study U.S. anti-missile proposals: report | International |
Zuma says SADC summit must force Zimbabwe deal | International |
Art masterpieces flop at auction
Rice to discuss Mideast peace with Palestinian president
Pro-North Korea paper says Obama brings in new phase | International |
US GI dies of noncombat related causes in Iraq
UN official hopes for US role in climate change
Cell phone makers face toughest year since 2001 | Technology |
Myanmar and Bangladesh meet over sea dispute
Malaysian court frees blogger | Technology |
HK stock index rebounds to end 3.3 pct higher
Daiichi completes takeover of India's Ranbaxy Labs
Report: Hong Kong investors sue over Lehman buys
IMF says Cambodian economic growth to slow in 2009
China shares rise as investors hope for new policy
Taiwan dlr ends flat, hurt by foreign share sales
LUKOIL may halve '09 capex if oil under $45
Hollywood already in holiday mode | Entertainment |
Panasonic, Sanyo in talks on possible takeover
Taiwan's exports down 8.3 percent in October
60 Minutes crew attacked by angry Chinese | Entertainment |
S.Korea cuts rates third time in a month, more seen
Fox launches Friday sci-fi block | Entertainment |
Steve Carell could make Beaver speak | Entertainment |
Extremist leader in Iraq sends message to US
Insurgents to Obama: Pull troops from Iraq
New Congo fighting flares, summit urges ceasefire | International |
Muxlim.com to launch virtual world site for Muslims
Obama: First pooch may be mutt 'like me'
Analysis: Obama faces early test in Iraq
Paloma strengthens into dangerous storm near Caymans | International |
Microsoft CEO rules out another Yahoo bid: report
GM warns of cash crunch, appeals for bailout
Iraqi Shiite clerics warn against US security pact
Syria's Assad congratulates Obama, urges dialogue | International |
Craigslist moves to crack down on prostitution ads
EU leaders urge rapid results on financial reform
Iran says EU's Solana wants more nuclear talks | International |
Detained US student's dad asks Iran for compassion
Ford warns of tough times ahead amid heavy losses
Russia's Medvedev urges vigilance after bomb blast | International |
Police question Israeli prime minister on expenses
Obama rules out new cabinet picks as jobless rate jumps
Mexico rules out bomb in crash of minister's plane | International |
Palestinian state coming soon, says Rice
U.S. diplomats meet North Korean on disarmament | International |
Obama offered help in finding presidential pup
Mexico captures Gulf drug cartel member | International |
Migraine's silver lining -- drop in breast cancer risk: study
European politicians defy Israel, sail to Gaza | International |
US jobless rate rises to highest level since 1994
Hurricane Paloma powers up on path to Caymans, Cuba
Ford loses $129mln in third quarter, to cut 10% of jobs
Las Vegas offers surprise hotel bargains for CES | Technology |
Pulau Ubin could be model "green" island powered by clean energy
Hurricane Paloma now a Category Two storm
Steelmaker Corus to cut production by 30 percent
Rich nations should ditch 'unsustainable' lifestyles: China's Wen
Britons waste a week a year channel surfing: survey | Technology |
U.S. judge orders Apple executive to stop work | Technology |
Global finance reform needed says China's Wen to British PM
Obama meets top economic advisors
Pakistani stocks end flat, volume withers
Panasonic to buy Sanyo, more deals may follow | Technology |
Kandinsky art prize plays with politics | Entertainment |
Jesse McCartney out to shock fans with new TV role | Entertainment |
Shakespeare texts pledged to London's Globe theatre | Entertainment |
BBC to issue on-air apology for Manuelgate | Entertainment |
Documentary about Obama campaign in the works for HBO
Hollywood meets Bollywood in Oscar-hyped `Slumdog'
BBC to issue on-air apology for Manuelgate | Entertainment |
US says al-Qaida regional leader killed
Digg founder says economic meltdown prime time for Internet startups
Fifty killed, scores hurt as Haitian school collapses | International |
G20 summit will not yield Bretton Woods II, IMF chief tells paper
Opposition ahead as voting ends in NZ election | International |
Iraqi forces kill senior al Qaeda leader | International |
Britain revokes visas of Thai ex-PM and his wife | International |
Human Rights Watch urges regional pressure on Mugabe | International |
Obama vows to confront economic crisis head on
US military deaths in Afghanistan region at 555
US military deaths in Iraq war at 4,191
Gene Simmons rushes to cash in on rock videogames | Technology |
Pakistani cenbank sells 12.7 bln rupees of T-bills
Digital albums now offer liner notes, lyrics | Technology |
Momentum grows for global finance overhaul
Idol champ David Cook set to release debut album | Entertainment |
Gene Simmons rushes to cash in on rock videogames | Entertainment |
Billboard CD reviews: Taylor Swift, T-Pain | Entertainment |
Hollywood joins the furor over gay marriage ban
Billboard single reviews: Miley Cyrus, Ludacris | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01