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The Karachi Stock Exchange remained volatile during the last week, ending on October 17, and the benchmark KSE-100 index closed below 30,000 points level. With an improved trading activity, the KSE-100 index shed 276 points (weak on weak) to close at 29,883 points end of the week compared to 30,159 points a week earlier. An average daily value during the last week in term of dollar reached $95.95 million, surged by 31 per cent.

The futures spreads decreased by 15 basis points to close 10.14 per cent during the outgoing week ended on October 17, 2014. During the last week, trading activity on the future counter witnessed a downward trend and average daily volume dropped by 1.3 per cent to reach 11.79 million shares. Similarly, with an increase of 21 per cent, the average daily trading value surged to Rs 1.203 billion end of the last week.
Implementation of 'Bhuttoism' is the only step towards steering the country out of persisting formidable challenges, said Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari on his formal launch as party's chief in politics at a mammoth public gathering held outside Quaid's mausoleum on Saturday. PPP put up an impressive show which was attended by people from various parts of the country.
Former President and PPP co-chairman Asif Ali Zardari in his address to a public gathering on Saturday urged political forces of the country to stand united for the development of Pakistan. "Let's serve the humanity," he said, adding that the creation of job opportunities should be the prime task of every government. He said PPP has a concrete plan to tackle people's issues. "PPP would provide free solar tube-wells to poor farmers when it comes to power," he said, adding that it would also provide wheat and rice and other food items to people.
Reacting to Pakistan People's Party (PPP) Chairperson Bilawal Bhutto Zardari's remarks, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said he did not wish to respond to 'children's talks'. Addressing PTI's sit-in here Saturday, Imran said he would accept Bilawal as a genuine leader if he asks his father (Asif Ali Zardari) and Prime Minister Nawaz Sharif about their wealth that they have deposited in foreign bank accounts. He also asked Bilawal to make his own assets public.
Pakistan Saturday summoned Iranian Ambassador Ali Raza Haghighian to Foreign Office and lodged a protest over the Friday attack by Iranian border security guards in which one security official was killed and three others sustained injuries. "Yes, the Iranian ambassador was summoned and a protest was lodged with him," Foreign Office spokesperson Tasnim Aslam confirmed to Business Recorder.
Pak-Iran border tension continued for the second day as Iranian border troops fired mortars inside Pakistani territory on Saturday. According to officials, five shells were fired on a security check post in Mashkhel area of Balochistan; however, no casualties were reported. On Friday, the Iranian border security forces violated Pakistani border and resorted to heavy firing on a convoy of Frontier Corps (FC) leaving a soldier martyred and three others injured.

 



 
IndexClosingChg%
ArrowDJIA 16,380.41 1.63
ArrowNasdaq 4,258.44 0.97
ArrowS&P 1,886.76 1.29
ArrowFTSE 6,310.29 1.85
ArrowDAX 8,850.27 3.12
ArrowCAC-40 4,033.18 2.92
ArrowNikkei 14,532.51 1.40
ArrowH.Seng 23,023.21 0.53
ArrowSensex 26,108.53 0.42





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln