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RECORDER REPORT: KSE mid day update KARACHI: On Monday, until mid day, KSE-100 Index was at 33520.18 with a positive change of 285.45 and volume of 121,659,880 shares.High and Low were 33617.99 and 33234.73 respectively. Total volume traded in the market was 170,990,290 shares with 280 total traded companies out of which 172 were up, 96 were down and 12 were unchanged.CEMENT was the top traded sector with total traded volume of 41,330,700 shares. It was followed by COMMERCIAL BANKS with a total traded volume of 28,625,300 shares.The three top traded companies were Fauji Cement XD with a volume of 21,493,000 and price per share of 33.95 (1.17), Byco Petroleum with a volume 12,105,500 of price per share of 11.46 (0.71), JS Bank Ltd with a volume 6,733,000 of price per share of 7.25 (0.24).The top three advancers were Siemens Pak. with price per share 1240.00 (29.00), Indus Motor Co with price per share of 1065.00 ...

Venezuela receives $5bn funding from China CARACAS: Cash-strapped Venezuela has received $5 billion in financing from China, President Nicolas Maduro announced Sunday as his country struggles with an economic crisis."We just received $5 billion more in financing for development," Maduro said in a radio and television address.He did not provide further details on the loan from China, a major political and economic ally of Venezuela. Plummeting global oil prices have caused huge distress for Venezuela, a member of OPEC that relies ...

Euro dips on Greek default worries TOKYO: The euro dipped Monday on fears about a Greek default, as tense talks between Athens and its international creditors lumber along with no breakthrough in sight.In Tokyo, the euro slipped to $1.0780 and 127.89 yen from $1.0810 and 128.49 yen in New York.The dollar fetched 118.62 yen, down from 118.86 yen in US trade.At the weekend, both European Central Bank chief Mario Draghi and IMF Managing Director Christine Lagarde warned at IMF-World Bank spring ...

Bomb blast on UN bus kills at least six in Somalia MOGADISHU: At least six people were killed on Monday in Somalia when a huge blast destroyed a United Nations bus in the northeastern town of Garowe, police said."We have confirmed the death of six UN staff, including a foreign national," police official Abdullahi Mohamed said. "The bomb is believed to have been attached to the minibus and was detonated near the UN office.Copyright AFP (Agence France-Presse), 2015

Xi in Pakistan to unveil $46bn investment plan ISLAMABAD: Chinese President Xi Jinping arrived in Islamabad on Monday to unveil a $46 billion investment plan that Pakistan hopes will end a chronic energy crisis and transform it into a regional economic hub.With the plan, known as the China Pakistan Economic Corridor (CPEC), Beijing hopes to increase investment in Pakistan as part of its ambitions to expand its trade and transport footprint across Central and South Asia, while countering US and Indian influence.Pakistan hopes ...

Chinese President arrives in Islamabad ISLAMABAD: China's President Xi Jinping arrived here on Monday on a two-day official visit.The special plane of the Chinese President was escorted by eight JF-17 aircraft as it entered the Pakistan's air space.Copyright APP (Associated Press of Pakistan), 2015


Index Closing Chg%
Arrow DJIA 18,034.93 1.17
Arrow Nasdaq 4,994.60 1.27
Arrow S&P 2,100.40 0.92
Arrow FTSE 7,052.13 0.82
Arrow DAX 11,891.59 1.74
Arrow CAC-40 5,187.59 0.86
Arrow Nikkei 19,634.49 0.09
Arrow H.Seng 27,094.93 2.02
Arrow Sensex 27,886.21 1.95

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln