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Ex-IMF head Rodrigo Rato paid a three-million-euro court bond Wednesday over allegations of lavish spending on company expenses while he was an executive at a bailed-out bank, a judicial source said. Rato provided a bank guarantee to cover his liability in the scandal, in which he and more than 80 other former bosses in the Bankia group are accused of spending millions on night-clubs, safaris and other luxuries using company credit cards.

US stocks turned lower in afternoon trading on Wednesday, with major indexes erasing earlier gains as both Boeing and Biogen sold off following their results. Indexes had traded in positive territory for much of the session, putting the S&P 500 on track for a fifth straight day of gains. Earnings drove the move higher, with technology and material shares up on the back of strong results.
Bullish sentiments dominated on the Lahore Stock Exchange on Wednesday and the equities registered gains amid ascending transaction volume following buyers' interest in bluechips. The LSE-25 index was marginally improved by 4.00 points and was closed at 5285.86 against 5281.86 of Tuesday while trading turnover was increased to 2.208 million shares compared with previous volume of 921,600 shares.
Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 33.96 points as the ISE Ten Index moved from 4,099.94 to 4,133.90 points. The overall turnover amounted to 2,000 shares as compared to previous volume of 100,700 shares.
On Wednesday, BRIndex30 opened at 15,939.17 points and remained positive throughout the trading session. It touched an intraday high of 16,172.02 points and an intraday low of 16,051.53 points and closed at 16,089.50 points which was 150.33 points or 0.94 percent higher than previous close. Total volume was 95,799,400, which was 55.53 percent of KSE All share volume and 86.34 percent of KSE 100 volume. The KSE All Share volume was 172,533,120 and KSE 100 volume was 110,960,050.
US stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains boosted by strong corporate results, including Apple's. The S&P 500 and Dow Jones were up more than 1 percent while the Nasdaq rose more than 2 percent, boosted by better-than-expected results from several major tech companies. The S&P 500 has gained more than 6 percent from its session low last Wednesday, when the benchmark was down nearly 10 percent from its intraday record.
Tokyo stocks jumped 2.64 percent on Wednesday, reversing a sharp drop the previous day, as investors took their lead from another Wall Street rally. The Nikkei 225 index at the Tokyo Stock Exchange added 391.49 points to finish at 15,195.77 and the broader Topix index of all first-section shares rose 2.58 percent, or 31.05 points, to 1,236.41.


Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln