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The Lahore High Court here on Tuesday suspended the recovery of Debt Servicing (DS) Surcharge on electricity bills at the rate of 30 paisa per unit levied by the federal government. Issuing notices to the government and other respondents for January 15, 2015 the court sought assistance of the Attorney General for Pakistan (AGP).

Gulf labour ministers Tuesday agreed on minimum terms in the contracts of domestic staff to improve the widely criticised working conditions of over 2.4 million foreign maids, an official said. The move comes as labour ministers of the six-nation Gulf Co-operation Council (GCC), home to 23 million foreigners, mostly unskilled workers, are to meet with their Asian counterparts in Kuwait City this week to discuss the conditions of foreign labour in the oil-rich region.
Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Tuesday and the equities suffered declines amid dull trading activity due to lacking interest on the part of investors. The LSE-25 index lost 13.19 points and was closed at 5308.10 against 5321.29 of Monday while transaction volume was squeezed to 632,100 shares compared with day earlier volume of 1.977 million shares.
Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 25.60 points as the ISE Ten Index moved from 4,135.61 to 4,110.01 points. The overall turnover amounted to 34,000 shares as compared to previous volume of 146,500 shares.
US stocks were little changed on Tuesday, with major indexes hovering at record levels after a pair of economic datapoints painted a mixed picture of the market fundamentals. A reading of consumer confidence unexpectedly fell to its weakest level since June, causing investors to take profits after a recent rally, though third-quarter economic growth came in much stronger than expected.
On Tuesday, BRIndex30 opened at 16,916.99. It touched an intraday high of 17,010.06 and an intraday Low of 16,751.64 and closed at 16,936.68 which was 19.69 points or 0.12 percent higher than previous close. Total volume was 85,310,400, which was 53.37 percent of KSE All share volume and 82.76 percent of KSE 100 volume. The KSE All Share volume was 159,856,080 and KSE 100 volume was 103,084,430.
US stocks rose on Monday on hopes that China will take further accommodative monetary policy action if needed, while merger deals kept traders focused even as volumes were below average. Energy shares weighed, with declines in Exxon and Chevron keeping the Dow industrials flat while the S&P 500 energy sector was down 1 percent. US crude and Brent fell ahead of an Opec meeting this week.

 



 
Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln