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Archive - 2011-12-08
Gold improves to Rs49,628
Markets

Gold improves to Rs49,628

KARACHI: Gold improved by Rs 43 to close at Rs49,628 per 10 grams in the local market Thursday, as its international pri
Published 08 Dec, 2011 10:03pm
Clinton expects Zardari to return
Top News

Clinton expects Zardari to return

BRUSSELS: US Secretary of State Hillary Clinton said Thursday she expects President Asif Ali Zardari to return to work a
Published 08 Dec, 2011 04:51pm
Fire erupts in Rawalpindi oil depot
Top News

Fire erupts in Rawalpindi oil depot

ISLAMABAD : A fire engulfed the oil depot near Benazir international airport after consecutive explosions rocked the ar
Published 08 Dec, 2011 04:51pm
Markets disgusted by lukewarm ECB
Top News

Markets disgusted by lukewarm ECB

NEW YORK: Traders and market strategists raced to press the sell button on stocks and the euro on Thursday, citing disma
Published 08 Dec, 2011 03:06pm
Hungary bank tax should be scrapped
Top News

Hungary bank tax should be scrapped

BUDAPEST: Hungary's government should scrap a financial sector tax aimed at raising 187 billion forint per year, or at t
Published 08 Dec, 2011 01:29pm
Domestic debt surges to Rs6.234trn
Top News

Domestic debt surges to Rs6.234trn

RIZWAN BHATTI KARACHI : The country's overall stock of domestic debts surged to Rs 6.23 trillion by the end of Octobe
Published 08 Dec, 2011 06:09am
Clarke tempted to bowl first
Cricket

Clarke tempted to bowl first

HOBART: Australian captain Michael Clarke said Thursday he could be tempted to bowl first if he wins the toss on a Belle
Published 08 Dec, 2011 04:48am
LPG price increases by Rs5 per kg
Top News

LPG price increases by Rs5 per kg

ISLAMABAD: The marketing companies on Wednesday increased the price of Liquified Petroleum Gas (LPG) by Rs 5 per kg with
Published 08 Dec, 2011 12:28am
Inflations November surprise
BR Research

Inflations November surprise

CPI numbers for November 2011 came as a pleasant surprise with year-on-year inflation for the month showing an increase of just 10.19 percen
Published 08 Dec, 2011 12:00am
Let the competitive juices flow!
BR Research

Let the competitive juices flow!

Competition is an essential ingredient for free markets. While some firms thrive of it, others may barely survive as a consequence of height
Published 08 Dec, 2011 12:00am
LUMHS notification

LUMHS notification

Liaquat University of Medical and Health Sciences Jamshoro (LUMHS) has announced that the 'Orientation Day (Day-One-Ceremony)' of First Year MBBS/BDS session 2011-2012 will be held on Saturday the 10th December 2011 at 11am in Latif Hall LUMHS, Jamshoro.
Published 08 Dec, 2011 12:00am
International Diabetes conference on December 10

International Diabetes conference on December 10

President-elect of International Diabetes Federation (IDF) Sir Michael Hirst will be the chief guest at the inaugural ceremony of International Diabetes Conference on December 10 (Saturday). The moot, jointly organised by National Institute of Diabetes an
Published 08 Dec, 2011 12:00am
US MIDDAY: gold moves up

US MIDDAY: gold moves up

Gold edged higher in thin choppy trade on Wednesday, as investors stayed on the sidelines ahead of a European Central Bank policy meeting and a European summit aimed at resolving the region's debt crisis. Bullion gyrated near the unchanged level and tradi
Published 08 Dec, 2011 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

Copper fell for a second straight day on Wednesday as investors doubted whether an EU summit at the end of the week will generate a comprehensive deal to solve the eurozone's lingering debt crisis. In New York, the key March COMEX contract fell 1.95 cents
Published 08 Dec, 2011 12:00am
US MIDDAY: grains lower

US MIDDAY: grains lower

US wheat skidded lower early on Wednesday as stiff export competition, a firmer dollar and nervousness over the eurozone economic crisis weighed on the grain markets. Wheat, corn and soyabean futures all set back from gains posted Tuesday as long liquidat
Published 08 Dec, 2011 12:00am
Gold rises but tempered by pre-summit caution

Gold rises but tempered by pre-summit caution

Gold edged higher on Wednesday, driven by a pickup in the euro and by a rise in exchange-traded fund holdings to record highs, although caution ahead of a crucial European Union summit this week will likely limit gains in the bullion price. European Union
Published 08 Dec, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold traded steady on Wednesday with many investors moving to the sidelines ahead of a key European Union summit this week where policymakers are expected to find a way to end the region's two-year-old debt crisis. Spot gold was little changed at $1,728.9
Published 08 Dec, 2011 12:00am
US gold soars

US gold soars

Gold rose on Tuesday, reversing initial losses after Standard & Poor's threatened to downgrade the entire eurozone including the region's core economies and its financial rescue fund. Spot gold edged up 0.3 percent to $1,725.99 an ounce by 2:37 pm EST (19
Published 08 Dec, 2011 12:00am
Sugar and coffee crumble

Sugar and coffee crumble

Sugar and coffee futures crumbled Wednesday and cocoa hit a fresh three-year low as investors dumped many commodities amid new doubts that Europe can forge a deal to end its prolonged debt crisis. Pessimistic comments from EU paymaster Germany and new fig
Published 08 Dec, 2011 12:00am
Bargain buying lifts corn and soya

Bargain buying lifts corn and soya

Short-covering helped push US corn and soyabeans higher on Tuesday as bargain hunters responded to an early slide that saw corn fall to its lowest level in nearly a year. Ideas that South American crop weather concerns might trigger Chinese purchases of U
Published 08 Dec, 2011 12:00am
Palm oil climbs

Palm oil climbs

Malaysian palm oil futures rose on Wednesday as crude oil prices of well above $100 a barrel raised the appeal of the edible oil's use in biofuels at a time when heavy rains are disrupting some supply. Traders are also watching for more decisive action at
Published 08 Dec, 2011 12:00am
Tokyo and Shanghai rubber rise

Tokyo and Shanghai rubber rise

Key TOCOM rubber futures ended higher on Wednesday, tracking rises in oil and the Shanghai market as the prospect of decreasing supply from some producing nations after January supported the downside. The key Tokyo Commodity Exchange rubber contract for M
Published 08 Dec, 2011 12:00am
Oil futures fall

Oil futures fall

Crude futures fell back on Wednesday, weighed down by an unexpected increase in US stockpiles and doubts that a credible deal to resolve Europe's debt crisis will be reached at a summit on Friday. Trading was choppy, with losses pared after the euro recov
Published 08 Dec, 2011 12:00am
Copper slips, tin stocks fall to 2-1/2 year low

Copper slips, tin stocks fall to 2-1/2 year low

Copper slipped on Wednesday as market sentiment soured following pessimistic comments from a German official about the chances that an EU summit on Friday would solve a eurozone debt crisis that is crippling economic growth and denting metals demand.
Published 08 Dec, 2011 12:00am
Shanghai copper gains

Shanghai copper gains

The most-traded February copper contract on the Shanghai Futures Exchange gained 1.2 percent to close at 58,360 yuan a tonne on Wednesday. Investors were waiting for a slew of China data on Friday for trading cues, hence the thin volumes, said a metals tr
Published 08 Dec, 2011 12:00am
US copper falls

US copper falls

Copper fell over 1 percent on Tuesday, hit by Standard and Poor's recent downgrade warning for the eurozone and fears Chinese growth could slow further, limiting demand prospects from the world's top metals buyer. In New York, the key March COMEX contract
Published 08 Dec, 2011 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures settled higher Tuesday on thin investor short-covering as the market tested the upper end of its trading band while looking toward release of a government crop report on Friday, analysts said. Key March cotton futures gained 1.59 cents, or
Published 08 Dec, 2011 12:00am
Pakistan Cables Limited

Pakistan Cables Limited

Pakistan Cables Limited was established in 1953 in collaboration with BICC, UK. Over the years, the company has gained a position of being the market leader in cable manufacturing in the country. It has been listed on the Stock Exchange since 1955.
Published 08 Dec, 2011 12:00am
Pakistan Cables Limited

Pakistan Cables Limited

Pakistan Cables Limited was established in 1953 in collaboration with BICC, UK. Over the years, the company has gained a position of being the market leader in cable manufacturing in the country. It has been listed on the Stock Exchange since 1955.
Published 08 Dec, 2011 12:00am
Rulers are enemies of country: JI

Rulers are enemies of country: JI

Secretary General Jamaat-e-Islami Liaqat Baloch has said the rulers are enemies of the country because they are following the policies of the dictator. Talking to various delegations at Mansoora on Wednesday, he said that the people hated Zardari's polici
Published 08 Dec, 2011 12:00am
Assad says only 'crazy' leaders kill own people

Assad says only 'crazy' leaders kill own people

Syrian President Bashar al-Assad has denied ordering his troops to kill peaceful demonstrators, telling the US television channel ABC that only a "crazy" leader kills his own people. Assad is under growing international pressure, including a threat of san
Published 08 Dec, 2011 12:00am
US aviation chief quits after arrest

US aviation chief quits after arrest

The head of the Federal Aviation Administration resigned Tuesday after his arrest during the weekend on charges of drunken driving. Randy Babbitt was about halfway through a five-year term as head of the FAA, which is in charge of regulating the US aviati
Published 08 Dec, 2011 12:00am
Uzbek leader slams idea of closer former Soviet union

Uzbek leader slams idea of closer former Soviet union

Uzbek President Islam Karimov on Wednesday strongly criticised a Russian-backed proposal for closer integration among former Soviet nations, saying history cannot be reversed. "When they talk about the integration process and create different inter-state
Published 08 Dec, 2011 12:00am
Virtual US embassy in Iran blocked

Virtual US embassy in Iran blocked

Residents of Tehran say that a web-based US 'embassy' to Iran has been blocked by the authorities, less than a day after it went online. The English- and Farsi-language website, designed by Washington as a virtual diplomatic mission, had been briefly avai
Published 08 Dec, 2011 12:00am
Germany jails Islamist online activist

Germany jails Islamist online activist

A German court jailed a 31-year-old Islamist Tuesday for 42 months, for supporting a foreign terrorist group. He was the last of eight people tried for contributing material to the Global Islamic Media Front, a web portal that promotes jihadist views. All
Published 08 Dec, 2011 12:00am
Former Israel president starts prison term for rape

Former Israel president starts prison term for rape

Israel's disgraced former president Moshe Katsav on Wednesday began a seven-year jail sentence after being convicted on two counts of rape and other sexual offences. The former head of state, who turned 66 on Monday, entered Ma'asiyahu prison near Tel Avi
Published 08 Dec, 2011 12:00am
Afghan bombs kill 78 in two days; Karzai cancels UK visit

Afghan bombs kill 78 in two days; Karzai cancels UK visit

A roadside mine killed 19 civilians and injured another five when it exploded in the southern Afghan province of Helmand on Wednesday, the provincial government said. The blast came a day after rare sectarian attacks in three Afghan cities killed 59 peopl
Published 08 Dec, 2011 12:00am
Italian mafia boss captured in secret bunker

Italian mafia boss captured in secret bunker

Italian police on Wednesday arrested the most senior boss of the Camorra mafia still at large, digging into a secret bunker near Naples to end his 16 years on the run, officials said. Michele Zagaria, 53, the leader of the powerful and bloody Casalesi cla
Published 08 Dec, 2011 12:00am
Egypt's Islamists claim most seats in run-offs

Egypt's Islamists claim most seats in run-offs

Egypt's Muslim Brotherhood said on Wednesday it had won most seats in run-off votes at the expense of hard-line Islamists in a parliamentary election that has put pressure on the ruling army. Unofficial results suggested liberal voters might have swung be
Published 08 Dec, 2011 12:00am
India wants websites to screen derogatory content

India wants websites to screen derogatory content

India's top telecommunications official said Tuesday that Internet giants such as Facebook and Google have ignored his demands to screen derogatory material from their sites, so the government would have to act on its own. The dispute highlights India's c
Published 08 Dec, 2011 12:00am
NASA catalogs thousands of asteroids near Earth

NASA catalogs thousands of asteroids near Earth

About 1,000 asteroids big enough to cause catastrophic damage if they hit Earth are orbiting relatively nearby, a NASA survey shows. In a project known as Spaceguard, the US space agency was ordered by Congress in 1998 to find 90 percent of objects near E
Published 08 Dec, 2011 12:00am
Obama remembers Pearl Harbor on 70th anniversary

Obama remembers Pearl Harbor on 70th anniversary

US President Barack Obama on Wednesday saluted the victims and the veterans of the surprise Japanese attack on Pearl Harbor 70 years ago, which pitched the United States into World War II. "Today, Michelle and I join the American people in honouring the m
Published 08 Dec, 2011 12:00am
Ben Ali empire liquidators threaten to quit over security

Ben Ali empire liquidators threaten to quit over security

The liquidators of the huge business empire of Tunisia's deposed dictator have threatened to quit en masse over security concerns, the official TAP news agency reported Wednesday. Mohammed Neji Hergli, who heads the Tunisian accountants guild, said the 20
Published 08 Dec, 2011 12:00am
Eight dead in Thai bus crash

Eight dead in Thai bus crash

A bus crashed and overturned in northern Thailand after the driver apparently fell asleep at the wheel, killing eight people and leaving dozens injured, police said Wednesday. The accident occurred on Tuesday night when the vehicle - travelling from north
Published 08 Dec, 2011 12:00am
Anti-Putin rally blocked

Anti-Putin rally blocked

Plans for big new protests against Vladimir Putin fizzled on Wednesday after a show of force by Russian police who have detained more than 1,000 people in a crackdown since a parliamentary election dismissed by Kremlin foes as a fraud. It was a setback fo
Published 08 Dec, 2011 12:00am
Palestinian flag to be raised at UNESCO headquarters

Palestinian flag to be raised at UNESCO headquarters

United Nations cultural agency UNESCO said Wednesday the Palestinian flag would be raised at its Paris headquarters next week after Palestine won full membership despite Israeli and US objections. The flag will be raised on Tuesday "to mark Palestine's ad
Published 08 Dec, 2011 12:00am
Palestinian mosque attacked in West Bank

Palestinian mosque attacked in West Bank

Unknown attackers scrawled anti-Arab graffiti on the walls of a West Bank mosque overnight and tried to set it on fire, Israeli and Palestinian sources said on Wednesday. The incident happened in the village of Burqin, south-west of Nablus, in the early h
Published 08 Dec, 2011 12:00am
China pledges support for crisis-hit Europe

China pledges support for crisis-hit Europe

China will support Europe in its efforts to overcome its debt crisis which Beijing sees as only temporary, Chinese Foreign Minister Yang Jiechi said after talks here Wednesday. "I would like to emphasise that China, together with the international communi
Published 08 Dec, 2011 12:00am
Former governor gets 14 years in Obama seat scam

Former governor gets 14 years in Obama seat scam

Ousted Illinois governor Rod Blagojevich was sentenced to 14 years in prison Wednesday for trying to auction off President Barack Obama's vacated US Senate seat and a host of other corruption charges. The Democratic governor was arrested in the midst of w
Published 08 Dec, 2011 12:00am
Gates discussing new nuclear reactor with China

Gates discussing new nuclear reactor with China

Microsoft co-founder Bill Gates confirmed Wednesday he is in discussions with China to jointly develop a new and safer kind of nuclear reactor. "The idea is to be very low cost, very safe and generate very little waste," said the billionaire during a talk
Published 08 Dec, 2011 12:00am
Man pleads guilty in insider trading case

Man pleads guilty in insider trading case

A former employee of a California semiconductor company has pleaded guilty to an insider trading charge in New York City, admitting that he tipped hedge funds about his company's financial condition. Stanley Ng entered the plea Wednesday in federal court
Published 08 Dec, 2011 12:00am
Clinton warns of bioweapon threat from gene tech

Clinton warns of bioweapon threat from gene tech

New gene assembly technology that offers great benefits for scientific research could also be used by terrorists to create biological weapons, US Secretary of State Hillary Rodham Clinton warned Wednesday. The threat from bioweapons has drawn little atten
Published 08 Dec, 2011 12:00am
Malfunction likely put US drone in Iranian hands

Malfunction likely put US drone in Iranian hands

The unmanned US drone Iran said on Sunday it had captured was programmed to automatically return to base even if its data link was lost, one key reason that US officials say the drone likely malfunctioned and was not downed by Iranian electronic warfare.
Published 08 Dec, 2011 12:00am
Doubts Iran can make use of wrecked drone: US

Doubts Iran can make use of wrecked drone: US

The United States has doubts Iran will be able to make use of the highly sophisticated technology found in a stealth drone that crashed in Iran during a reconnaissance mission, a US official said Wednesday. The RQ-170 Sentinel high-altitude stealth drone
Published 08 Dec, 2011 12:00am
Qadhafi family tried to escape to Mexico

Qadhafi family tried to escape to Mexico

Mexican officials said Wednesday they foiled a plan in September to smuggle one of Muammar Qadhafi's sons and other family members of the former Libyan leader into the country. Government Secretary Alejandro Poire said Mexican intelligence officials uncov
Published 08 Dec, 2011 12:00am
ECB lends more than $50 billion to eurozone banks

ECB lends more than $50 billion to eurozone banks

The European Central Bank said Wednesday it awarded more than $50 billion in dollar loans to eurozone banks in its first offering since it slashed the cost of borrowing dollars last week. The ECB said in a statement it allotted $1.602 billion in seven-day
Published 08 Dec, 2011 12:00am
Sri Lankan players to receive unpaid fees

Sri Lankan players to receive unpaid fees

Sri Lanka's contracted cricketers will receive 65 percent of their unpaid fees within the next three days when their ruling body receives $2 million from the International Cricket Council for hosting the 2011 World Cup, the country's sports minister said
Published 08 Dec, 2011 12:00am
Ponting has no regrets over captaincy

Ponting has no regrets over captaincy

Ricky Ponting said Wednesday he has no regrets about quitting the Australian captaincy and welcomes having fewer responsibilities ahead of this week's second Test against New Zealand. Ponting led Australia in 77 Tests before he stood down as Test and One-
Published 08 Dec, 2011 12:00am
Cook humbled by MBE award

Cook humbled by MBE award

England batsman Alastair Cook said he felt "very humble" after receiving his Member of the Order of the British Empire (MBE) medal from Britain's Queen Elizabeth II at Buckingham Palace here on Tuesday. The left-handed opener's prolific form in Australia
Published 08 Dec, 2011 12:00am
Olympiakos beat Arsenal but fail to qualify

Olympiakos beat Arsenal but fail to qualify

Olympiakos beat Group F winners Arsenal 3-1 here on Tuesday but failed to qualify for the last 16 of the Champions League following Marseille's victory over Dortmund. It was a heartbreaking evening for the Greek side who, having scored their third goal wi
Published 08 Dec, 2011 12:00am
Afridi to return to Hampshire in June

Afridi to return to Hampshire in June

Pakistan's all-rounder Shahid Afridi will return to English cricket county Hampshire to lead T20 charge which begins against rivals Sussex at Hove on June 14, 2012, as Hampshire aim to reach finals day for third year in a row. Hampshire skipper Jimmy Adam
Published 08 Dec, 2011 12:00am
Pakistan to participate in Judo Grand Slam in Tokyo

Pakistan to participate in Judo Grand Slam in Tokyo

Shah Hussain Shah will make a second attempt to confirm Pakistan's presence at the 2012 Olympics Judo event when he tries his luck at the International Judo Federation's (IJF) Grand Slam-2011 to be starting from December 9 in Tokyo, Japan. Shah Hussain,18
Published 08 Dec, 2011 12:00am
Police checking if cricket umpires' car was stoned

Police checking if cricket umpires' car was stoned

Police are investigating whether a car carrying two umpires was stoned in Chittagong after Pakistan beat Bangladesh in their one-day international series finale. Mesbahuddin Serniabat, security chief of the Bangladesh Cricket Board, said on Wednesday that
Published 08 Dec, 2011 12:00am
Spinners lead Pakistan to series sweep

Spinners lead Pakistan to series sweep

Pakistan's spin quartet capitalised on an unexpected power failure to beat Bangladesh by 58 runs in the third One-day international to complete a 3-0 series victory on Tuesday. After restricting Pakistan to a below-par 177 runs, Bangladesh appeared to be
Published 08 Dec, 2011 12:00am
Ajmal, Hafeez occupy top two spots in ICC Rankings

Ajmal, Hafeez occupy top two spots in ICC Rankings

Pakistan players now occupy the top two positions in the Reliance ICC Player Rankings for ODI bowlers after a strong performance from Mohammad Hafeez in the recent three-match series in Bangladesh. The 31-year-old Hafeez gains six place in the latest rank
Published 08 Dec, 2011 12:00am
Australia rout Pakistan 6-1

Australia rout Pakistan 6-1

Defending champion Australia, rode on a fantastic hat trick by ace striker Jamie Dwyer, routed Pakistan 6-1 to hand over the green shirts their third successive defeat in the Champions Trophy hockey tournament to rekindle their chances for retaining the t
Published 08 Dec, 2011 12:00am
Ashraful recalled for Pakistan Tests

Ashraful recalled for Pakistan Tests

Bangladesh have recalled former captain Mohammad Ashraful to a 15-man squad for their upcoming two-Test series against Pakistan. The first Test begins on Friday in Chittagong where Pakistan beat Bangladesh by 58 runs in Tuesday's final one-day internation
Published 08 Dec, 2011 12:00am
Dempsey strikes late to sink Liverpool

Dempsey strikes late to sink Liverpool

Clint Dempsey pounced for an 85th-minute winner as Fulham beat Liverpool 1-0 in a dramatic Premier League match at Craven Cottage on Monday after a rare mistake from keeper Pepe Reina. The pulsating game, in which Liverpool were reduced to 10 men when Jay
Published 08 Dec, 2011 12:00am
Yuan little changed

Yuan little changed

The yuan ended little changed against the dollar on Wednesday but hit its lower daily trade limit for the sixth straight day as the market continued to sell the Chinese currency. The yuan can trade 0.5 percent in either direction from the central bank's m
Published 08 Dec, 2011 12:00am
Swiss franc lower versus euro

Swiss franc lower versus euro

The Swiss franc was lower against the euro but rose against the dollar on Wednesday after sliding against both the preceding session as weak economic data had traders eyeing the central bank for any signs it could shift the euro-franc cap. The franc fell
Published 08 Dec, 2011 12:00am
Most Asian currencies gain

Most Asian currencies gain

Most emerging Asian currencies gained on Wednesday as interbank speculators bet on progress to tackle Europe's debt woes at a summit on Friday although demand was limited by belief that problems would linger. European leaders will discuss boosting the fir
Published 08 Dec, 2011 12:00am
Indian rupee slides

Indian rupee slides

The Indian rupee posted its biggest drop in 11 sessions on Wednesday, hurt by a retreat in the euro after comments from a German official tempered hopes of a solution to the region's debt crisis at the European summit on Friday. The partially convertible
Published 08 Dec, 2011 12:00am
Aussie, New Zealand dollars edge up

Aussie, New Zealand dollars edge up

The Aussie and New Zealand dollars edged higher on Wednesday after Australia reported solid economic growth in the third quarter, though gains were capped as investors remained focused on crucial developments in Europe later in the week. The Aussie jumped
Published 08 Dec, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.21-77.80 (previous 77.14-77.20). Call Money Rates: 07.00-14.00 percent (previous 07.25-12.00 percent).
Published 08 Dec, 2011 12:00am
Euro flat versus dollar

Euro flat versus dollar

The euro was flat against the dollar on Tuesday after a report said eurozone leaders will discuss boosting the firepower of their rescue fund at a summit this week, offsetting a threat from Standard & Poor's to slash credit ratings across the region. The
Published 08 Dec, 2011 12:00am
Early trade in New York: Euro recovers versus dollar

Early trade in New York: Euro recovers versus dollar

The euro recovered losses to trade slightly higher against the dollar on Wednesday as investors positioned for a policy setting meeting of the European Central Bank on Thursday. The euro was last up 0.1 percent at $1.3411, still far from the session high
Published 08 Dec, 2011 12:00am
Euro falls in London

Euro falls in London

The euro gave up gains on Wednesday, weighed down by comments from a senior German official who watered down some of the optimism building that European leaders will take decisive steps to contain the region's debt crisis at a summit on Friday. Berlin is
Published 08 Dec, 2011 12:00am
Euro inches higher in Asia

Euro inches higher in Asia

The euro clawed higher on Wednesday and stayed above a one-week low hit the previous day, with markets cautiously optimistic that European leaders will take decisive action to contain the region's debt crisis at a summit later this week. The euro rose 0.3
Published 08 Dec, 2011 12:00am
Sterling hits one-month high versus euro

Sterling hits one-month high versus euro

Sterling hit a one-month high against the euro on Wednesday, coming close to its highest level since March after a German official dampened hopes that this week's EU summit would produce a comprehensive deal to tackle the eurozone crisis. The euro fell af
Published 08 Dec, 2011 12:00am
Demand for dollars reflects funding stresses

Demand for dollars reflects funding stresses

A larger-than-expected take-up of dollars at a European Central Bank tender on Wednesday reflected eurozone banks' funding stresses but the fact banks were using the facility was seen as a positive and could smooth the market into year-end. Banks took mor
Published 08 Dec, 2011 12:00am
FTSE drops

FTSE drops

Britain's top shares fell on Wednesday after comments from a German government official eroded optimism about a comprehensive deal to solve the eurozone's debt crisis at this week's crunch EU summit. The FTSE 100 index ended down 21.81 points, or 0.4 perc
Published 08 Dec, 2011 12:00am
European shares slip back

European shares slip back

European shares slipped back slightly in cautious trade on Wednesday, ahead of a EU summit this week, amid uncertainty about the chances a comprehensive deal would be reached to help end the region's debt crisis. A senior German official gave a downbeat a
Published 08 Dec, 2011 12:00am
Russian firms set to join FTSE foreign legion

Russian firms set to join FTSE foreign legion

The FTSE 100 looks set to welcome Russian firms for the first time when compiler FTSE Group unveils its quarterly review on Wednesday in the face of calls for the firm to toughen up the entry requirements to Britain's premier stock index. Investors have r
Published 08 Dec, 2011 12:00am
Hong Kong, Shanghai shares rise

Hong Kong, Shanghai shares rise

Hong Kong shares gained 1.6 percent on Wednesday, with the Hang Seng Index closing at the highest in three weeks, but weak turnover and strength in defensive names pointed to lingering caution ahead of a eurozone summit later this week. Financial stocks,
Published 08 Dec, 2011 12:00am
Most Southeast Asian markets climb

Most Southeast Asian markets climb

Most Southeast Asian stock markets rose on Wednesday on optimism that European leaders will take strong steps to resolve the region's debt crisis at a summit later this week. Buyers looked for counters, which were expected to show resilience in the face o
Published 08 Dec, 2011 12:00am
Seoul shares up

Seoul shares up

Seoul shares rose on Wednesday on hopes that European leaders would bring a more credible debt solution to the table at a key summit on Friday, after S&P warned of possible regional rating cuts in the absence of a convincing plan. "The market got a slight
Published 08 Dec, 2011 12:00am
Treasuries slip

Treasuries slip

Treasuries prices slipped on Tuesday though volumes were light in what could be the lull before the storm as investors wait on key events in the eurozone planned for later this week. The European Central Bank is expected to cut interest rates and offer ul
Published 08 Dec, 2011 12:00am
Treasuries slip

Treasuries slip

Treasuries prices slipped on Tuesday though volumes were light in what could be the lull before the storm as investors wait on key events in the eurozone planned for later this week. The European Central Bank is expected to cut interest rates and offer ul
Published 08 Dec, 2011 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks ended up 1.1 percent on Wednesday, though smartphone maker HTC tumbled 6.55 percent after reporting a 30 percent monthly fall in November sales. The main TAIEX index rose 76.72 points to 7,033.00, after opening up 0.69 percent, with plastics
Published 08 Dec, 2011 12:00am
Wall Street rises

Wall Street rises

US stocks rose on Tuesday as investors bet European leaders would take strong steps this week to end the region's debt crisis, including bolstering its financial rescue fund. The latest source of optimism came from a Financial Times report that European l
Published 08 Dec, 2011 12:00am
Wednesday's early trade: stocks little changed

Wednesday's early trade: stocks little changed

US stocks were little changed in choppy, light trading on Wednesday as investors weighed high expectations about an upcoming eurozone summit against headline-driven selling. An agreement earlier in the week between Germany and France on tighter fiscal con
Published 08 Dec, 2011 12:00am
Nikkei at four-week high

Nikkei at four-week high

The Nikkei average hit a four-week high on Wednesday as investors warmed to the view that European policy-makers will come up with convincing steps this week to help resolve the region's debt crisis. Cyclical shares such as shippers and steelmakers were a
Published 08 Dec, 2011 12:00am
Indian shares rise

Indian shares rise

Indian shares rose 0.43 percent on Wednesday, as global equities gained on growing hopes of a decisive solution to the eurozone debt crisis soon, while data showing foreign funds' resumption of investing in local shares this month supported sentiment.
Published 08 Dec, 2011 12:00am
Egypt's stocks slip; Gulf mixed

Egypt's stocks slip; Gulf mixed

Egypt's stock market fell on Wednesday as worries over political uncertainty returned, while Gulf bourses ended mixed on support from gains in world equities. Cairo's index fell 0.8 percent. Concerns about falling reserves and a growing deficit have pushe
Published 08 Dec, 2011 12:00am
Pakistan asks Kabul to share blast evidence

Pakistan asks Kabul to share blast evidence

Pakistan on Wednesday asked Afghanistan to provide evidence to support accusations that Lashkar-e-Jhangvi killed 55 people in an unprecedented attack on Shiite Muslims in Kabul. "Lashkar-e-Jhangvi is a banned organisation. We would encourage Kabul to shar
Published 08 Dec, 2011 12:00am
California governor launches tax ballot measure

California governor launches tax ballot measure

With California once again running short on revenue, Governor Jerry Brown said on Monday he would circumvent the legislature and press a statewide ballot measure to raise the state's sales tax and increase tax rates on the wealthy for five years. Revenue
Published 08 Dec, 2011 12:00am
Pakistan asks Kabul to share blast evidence

Pakistan asks Kabul to share blast evidence

Pakistan on Wednesday asked Afghanistan to provide evidence to support accusations that Lashkar-e-Jhangvi killed 55 people in an unprecedented attack on Shiite Muslims in Kabul. "Lashkar-e-Jhangvi is a banned organisation. We would encourage Kabul to shar
Published 08 Dec, 2011 12:00am
China's foreign exchange reserves fall opens reform window

China's foreign exchange reserves fall opens reform window

A decline in China's foreign exchange reserves extended through November, providing a good chance for Beijing to speed up capital account opening, an advisor to the Chinese government said on Wednesday. Concerns about "hot money" inflows have long been ci
Published 08 Dec, 2011 12:00am
US urges Pakistan to act

US urges Pakistan to act

The United States on Wednesday urged greater action by Pakistan against a militant group that Afghanistan blamed for an unprecedented massacre against its Shiite minority that killed 55 people. State Department spokesman Mark Toner also confirmed that one
Published 08 Dec, 2011 12:00am
UK threatens to block new EU treaty if demands not met

UK threatens to block new EU treaty if demands not met

British Prime Minister David Cameron threatened on Tuesday to block a new European Union treaty designed to save the euro from the debt crisis if London's demands are not met. Cameron said Britain's huge financial sector and the single market would have t
Published 08 Dec, 2011 12:00am
US urges Pakistan to act

US urges Pakistan to act

The United States on Wednesday urged greater action by Pakistan against a militant group that Afghanistan blamed for an unprecedented massacre against its Shiite minority that killed 55 people. State Department spokesman Mark Toner also confirmed that one
Published 08 Dec, 2011 12:00am
Stop 'politicising economic issues': China VP tells US

Stop 'politicising economic issues': China VP tells US

China's leader-in-waiting urged the United States to "curb its tendency of politicising economic issues", state media said Wednesday, after a recent step-up in US criticism of Beijing's trade practices. Ties between Beijing and Washington have been strain
Published 08 Dec, 2011 12:00am
State Department defends Pakistan aid

State Department defends Pakistan aid

The US State Department on Tuesday defended aid to Pakistan amid calls from senators for a full review of whether economic and military assistance there serves the US national interest. "We believe our assistance to Pakistan still continues to provide div
Published 08 Dec, 2011 12:00am
France warns of end of Rafale fighter jet production

France warns of end of Rafale fighter jet production

France warned Wednesday that defence giant Dassault would halt production of its Rafale multi-role fighter jet if it remains unable to sell any abroad. "If Dassault doesn't sell any Rafales abroad, the production line... will be stopped" once France has r
Published 08 Dec, 2011 12:00am
State Department defends Pakistan aid

State Department defends Pakistan aid

The US State Department on Tuesday defended aid to Pakistan amid calls from senators for a full review of whether economic and military assistance there serves the US national interest. "We believe our assistance to Pakistan still continues to provide div
Published 08 Dec, 2011 12:00am
Australia central bank cuts rates, frets on Europe

Australia central bank cuts rates, frets on Europe

Australia's central bank cut interest rates by a quarter point to 4.25 percent on Tuesday as tamer inflation at home allowed it to take out some policy insurance against the debt crisis engulfing Europe. The Reserve Bank of Australia's (RBA) easing was th
Published 08 Dec, 2011 12:00am
State Department defends Pakistan aid

State Department defends Pakistan aid

The US State Department on Tuesday defended aid to Pakistan amid calls from senators for a full review of whether economic and military assistance there serves the US national interest. "We believe our assistance to Pakistan still continues to provide div
Published 08 Dec, 2011 12:00am
Airlines risk major losses from eurozone crisis

Airlines risk major losses from eurozone crisis

Global airlines could face losses of more than $8 billion (6 billion euros) next year if eurozone leaders fail to tackle the region's financial crisis, the industry's main trade group said on Wednesday. The International Air Transport Association (IATA),
Published 08 Dec, 2011 12:00am
Army temporarily leaving liaison centres

Army temporarily leaving liaison centres

A senior military official says the force is temporarily pulling back some of its troops from centers meant to co-ordinate activity with international forces across the Afghan border. The official said on Tuesday the troops are returning for several days
Published 08 Dec, 2011 12:00am
Police take down Occupy San Francisco camp

Police take down Occupy San Francisco camp

Police dismantled a tent city of Occupy protesters in San Francisco early on Wednesday, arresting more than 50 people as authorities shut down the last major anti-Wall Street encampment on the US West Coast. The city had repeatedly warned the protesters t
Published 08 Dec, 2011 12:00am
Army temporarily leaving liaison centres

Army temporarily leaving liaison centres

A senior military official says the force is temporarily pulling back some of its troops from centers meant to co-ordinate activity with international forces across the Afghan border. The official said on Tuesday the troops are returning for several days
Published 08 Dec, 2011 12:00am
China growth to ease as export outlook darkens

China growth to ease as export outlook darkens

China's annual rate of export growth slowed in November versus October, Vice Commerce Minister Chong Quan said on Wednesday, confirming market expectations that deteriorating external conditions are dragging on the world's No 2 economy. Indeed, a combinat
Published 08 Dec, 2011 12:00am
Nato allies meet amid tensions with Pakistan, Russia

Nato allies meet amid tensions with Pakistan, Russia

Nato allies meet Wednesday hoping to calm Russian fears over their missile shield project but US Secretary of State Hillary Clinton angered Moscow by criticising its parliamentary elections. Clinton is joining her 27 alliance counterparts in Brussels for
Published 08 Dec, 2011 12:00am
Indian government in U-turn on retail reform

Indian government in U-turn on retail reform

India on Wednesday suspended plans to open its $470 billion retail sector to foreign supermarkets such as Wal-Mart, in a major U-turn forced by an outcry from small shopkeepers and opposition MPs. The climbdown was a grave embarrassment for Prime Minister
Published 08 Dec, 2011 12:00am
Nato allies meet amid tensions with Pakistan, Russia

Nato allies meet amid tensions with Pakistan, Russia

Nato allies meet Wednesday hoping to calm Russian fears over their missile shield project but US Secretary of State Hillary Clinton angered Moscow by criticising its parliamentary elections. Clinton is joining her 27 alliance counterparts in Brussels for
Published 08 Dec, 2011 12:00am
British official industrial output slumps

British official industrial output slumps

Britain's industrial output slumped 0.7 percent in October from the September level, official data showed on Wednesday, dashing market expectations and sparking concern over the health of the economy. Industrial production sank by 1.7 percent in October o
Published 08 Dec, 2011 12:00am
New terms of ties with US: panel to finalise proposals today

New terms of ties with US: panel to finalise proposals today

A meeting of the Parliamentary committee on National Security has been convened on Thursday to outline its recommendations pertaining to Pakistan's new strategy in the aftermath of November 26 Nato attack in Mohmand Agency and also to discuss the 'memogat
Published 08 Dec, 2011 12:00am
IMF chief calls for 'inclusive' growth in Arab world

IMF chief calls for 'inclusive' growth in Arab world

Internati-onal Monetary Fund chief Christine Lagarde on Tuesday said economic growth in the Middle East and North Africa must include all members of society to fulfil the promise of the Arab Spring. Lagarde, in a speech in Washington, said the Arab Spring
Published 08 Dec, 2011 12:00am
New terms of ties with US: panel to finalise proposals today

New terms of ties with US: panel to finalise proposals today

A meeting of the Parliamentary committee on National Security has been convened on Thursday to outline its recommendations pertaining to Pakistan's new strategy in the aftermath of November 26 Nato attack in Mohmand Agency and also to discuss the 'memogat
Published 08 Dec, 2011 12:00am
Risks to Emerging East Asian growth have risen: ADB

Risks to Emerging East Asian growth have risen: ADB

Emerging East Asia's economic momentum remains robust, but the region faces greater risks than just three months ago as Europe's debt problems and a fragile US economy could worsen into another global crisis, the Asian Development Bank said. The region -
Published 08 Dec, 2011 12:00am
Pakistan ranked 42nd most corrupt country

Pakistan ranked 42nd most corrupt country

Pakistan is ranked 42nd most corrupt country, out of 183 countries surveyed by the Berlin based Transparency International. Adviser, Transparency International Pakistan (TIP), Syed Adil Gilani, on the occasion of Anti-Corruption Day, being celebrated acro
Published 08 Dec, 2011 12:00am
Citi begins London investment bank layoffs

Citi begins London investment bank layoffs

Citigroup began a round of layoffs among its London-based investment bankers this week, with jobs in advisory, equities and fixed income set to go as the bank readies 4,500 redundancies world-wide. There are likely to be "several hundred" job cuts across
Published 08 Dec, 2011 12:00am
Pakistan ranked 42nd most corrupt country

Pakistan ranked 42nd most corrupt country

Pakistan is ranked 42nd most corrupt country, out of 183 countries surveyed by the Berlin based Transparency International. Adviser, Transparency International Pakistan (TIP), Syed Adil Gilani, on the occasion of Anti-Corruption Day, being celebrated acro
Published 08 Dec, 2011 12:00am
McDonald's fined in Brazil over 'Happy Meal' toys

McDonald's fined in Brazil over 'Happy Meal' toys

US fast food giant McDonald's has been fined $1.8 million in Brazil over its "Happy Meal" toys, which consumer advocates say encourage bad eating habits in children, state media has reported. The Foundation for the Protection and Defence of the Consumer i
Published 08 Dec, 2011 12:00am
Germany pours cold water on EU summit hopes

Germany pours cold water on EU summit hopes

Pessimistic comments from EU paymaster Germany and new figures exposing deepening stress among Europe's banks dented financial market hopes of a turning point in the euro zone's debt crisis at a summit this week. President Nicolas Sarkozy and Chancellor A
Published 08 Dec, 2011 12:00am
Iran oil to Europe difficult to replace: Opec's Badri

Iran oil to Europe difficult to replace: Opec's Badri

Iranian oil supplies to Europe would be difficult to replace if a ban supported by some European Union states were to be imposed, Opec's secretary general said on Wednesday. "I really hope that there will be no embargo from the EU, but it is their decisio
Published 08 Dec, 2011 12:00am
Germany pours cold water on EU summit hopes

Germany pours cold water on EU summit hopes

Pessimistic comments from EU paymaster Germany and new figures exposing deepening stress among Europe's banks dented financial market hopes of a turning point in the euro zone's debt crisis at a summit this week. President Nicolas Sarkozy and Chancellor A
Published 08 Dec, 2011 12:00am
Japan's manufacturing mood sags, BoJ warns over Europe

Japan's manufacturing mood sags, BoJ warns over Europe

Japan's manufacturers turned pessimistic for the first time in six months as Europe's debt crisis and worsening global growth prospects hurt business sentiment, boding ill for the nation's economic recovery following the March earthquake. The Reuters Tank
Published 08 Dec, 2011 12:00am
Germany pours cold water on EU summit hopes

Germany pours cold water on EU summit hopes

Pessimistic comments from EU paymaster Germany and new figures exposing deepening stress among Europe''s banks dented financial market hopes of a turning point in the euro zone''s debt crisis at a summit this week. President Nicolas Sarkozy and Chancellor
Published 08 Dec, 2011 12:00am
Japan foreign reserves hit record high

Japan foreign reserves hit record high

Japan's foreign reserves hit an all-time high in November after the government spent a record sum intervening in currency markets to curb the yen's gains and help the export-led economy. Japan has intervened in foreign exchange markets at least three time
Published 08 Dec, 2011 12:00am
S&P puts eurozone banks on watch for downgrade

S&P puts eurozone banks on watch for downgrade

Standard & Poor's on Wednesday put a number of large European banks on review for a possible downgrade after earlier this week putting the credit ratings of eurozone states on notice. Among those listed for possible downgrade were French banks BNP Paribas
Published 08 Dec, 2011 12:00am
Firm trend seen on cotton market amid thin trading

Firm trend seen on cotton market amid thin trading

Sluggish business was observed in post-holiday session on the cotton market on Wednesday as leading buyers were on the sidelines to see latest developments, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,300, t
Published 08 Dec, 2011 12:00am
S&P puts eurozone banks on watch for downgrade

S&P puts eurozone banks on watch for downgrade

Standard & Poor's on Wednesday put a number of large European banks on review for a possible downgrade after earlier this week putting the credit ratings of eurozone states on notice. Among those listed for possible downgrade were French banks BNP Paribas
Published 08 Dec, 2011 12:00am
Oil cake market rates

Oil cake market rates

Both the contracts were lower on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The December contract that had ended at Rs 1306.50 opened with a sharp fall of Rs 1.40 at Rs 1305.10. The January vaida which closed a
Published 08 Dec, 2011 12:00am
S&P puts eurozone banks on watch for downgrade

S&P puts eurozone banks on watch for downgrade

Standard & Poor''s on Wednesday put a number of large European banks on review for a possible downgrade after earlier this week putting the credit ratings of eurozone states on notice. Among those listed for possible downgrade were French banks BNP Pariba
Published 08 Dec, 2011 12:00am
Corn and soya bids fall at Mississippi River terminals

Corn and soya bids fall at Mississippi River terminals

Corn and soyabean spot basis bids fell sharply at terminals along the Mississippi River on Tuesday ahead of the seasonal closure of the waterway, grain merchants said. The basis was steady to firm at interior points as sales of each crop remained light, m
Published 08 Dec, 2011 12:00am
EU to cut aid to 19 emerging countries

EU to cut aid to 19 emerging countries

The European Commission decided on Wednesday to cut aid from 2014 to 19 emerging economies including China, India and Brazil, the EU's development commissioner Andris Piebalgs said. Relief agencies objected that strong headline performance data on emergin
Published 08 Dec, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 4,040 tonnes of cargo comprising 2,040 tonnes of import cargo and 2,000 tonnes of export cargo during last 48 hours ended at 0700 hours on Wednesday. The total import cargo comprised of 2,040 tonnes of oil/liquid cargo. The total
Published 08 Dec, 2011 12:00am
EU to cut aid to 19 emerging countries

EU to cut aid to 19 emerging countries

The European Commission decided on Wednesday to cut aid from 2014 to 19 emerging economies including China, India and Brazil, the EU's development commissioner Andris Piebalgs said. Relief agencies objected that strong headline performance data on emergin
Published 08 Dec, 2011 12:00am
China's soya imports may rise in near term: Oil World

China's soya imports may rise in near term: Oil World

China may raise soyabean purchases in coming weeks as Chinese inventories remain low, Hamburg-based oilseeds analysts Oil World said on Tuesday. US soyabean prices firmed last week following trade talk of new Chinese purchases. "Additional purchases are i
Published 08 Dec, 2011 12:00am
EU to cut aid to 19 emerging countries

EU to cut aid to 19 emerging countries

The European Commission decided on Wednesday to cut aid from 2014 to 19 emerging economies including China, India and Brazil, the EU''s development commissioner Andris Piebalgs said. Relief agencies objected that strong headline performance data on emergi
Published 08 Dec, 2011 12:00am
US corn and soyabeans up on Europe hopes

US corn and soyabeans up on Europe hopes

US corn and soyabeans rose on Wednesday as recent declines spurred bargain hunting, while cautious optimism ahead of a EU summit where policymakers are expected to find a way to resolve the region's debt crisis also supported sentiment. Wheat, which rever
Published 08 Dec, 2011 12:00am
Saudi Arabia pumps oil at highest level for decades

Saudi Arabia pumps oil at highest level for decades

Saudi Arabia said on Wednesday it was pumping at its highest rate for decades in a signal a week before a key Opec meeting that it intends to meet demand with more output if necessary. The announcement, which was greeted with some scepticism by analysts,
Published 08 Dec, 2011 12:00am
Vietnamese coffee: December shipment to be more than double

Vietnamese coffee: December shipment to be more than double

Vietnam's coffee shipments for December could be more than double the 50,000 tonnes loaded a month earlier as around half of the nation's bumper crop has been harvested and traders await prices to ease, traders said on Tuesday. Loading in December, the th
Published 08 Dec, 2011 12:00am
Saudi Arabia pumps oil at highest level for decades

Saudi Arabia pumps oil at highest level for decades

Saudi Arabia said on Wednesday it was pumping at its highest rate for decades in a signal a week before a key Opec meeting that it intends to meet demand with more output if necessary. The announcement, which was greeted with some scepticism by analysts,
Published 08 Dec, 2011 12:00am
Prices move up in thin trade on grain market

Prices move up in thin trade on grain market

Rising trend was seen on the wholesale grain market on Wednesday in process of thin trading, dealers said. On the cereal side, wheat old and new Bardan was higher by Rs 10 to Rs 2690-2705, other items did not move any side due to lack of interest on the p
Published 08 Dec, 2011 12:00am
Saudi Arabia pumps oil at highest level for decades

Saudi Arabia pumps oil at highest level for decades

Saudi Arabia said on Wednesday it was pumping at its highest rate for decades in a signal a week before a key Opec meeting that it intends to meet demand with more output if necessary. The announcement, which was greeted with some scepticism by analysts,
Published 08 Dec, 2011 12:00am
Shanghai plans expansion of shipping derivatives market

Shanghai plans expansion of shipping derivatives market

China's biggest port city, Shanghai, plans to expand its shipping derivatives market over the next few years, a local government official said on Wednesday, as it aims to become a global financial and shipping centre by 2020. Fang Xinghai, director of the
Published 08 Dec, 2011 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 08 Dec, 2011 12:00am
Index loses 88.32 points

Index loses 88.32 points

Investors on share market on Wednesday opted for selling after mid-session due to their concerns over Pak-US relations and prevailing political situation in the country. The KSE-100 index declined by 88.32 points and closed at 11,283.89 points. The market
Published 08 Dec, 2011 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 08 Dec, 2011 12:00am
Index loses 88.32 points

Index loses 88.32 points

Investors on share market on Wednesday opted for selling after mid-session due to their concerns over Pak-US relations and prevailing political situation in the country. The KSE-100 index declined by 88.32 points and closed at 11,283.89 points. The market
Published 08 Dec, 2011 12:00am
Index loses 88.32 points

Index loses 88.32 points

Investors on share market on Wednesday opted for selling after mid-session due to their concerns over Pak-US relations and prevailing political situation in the country. The KSE-100 index declined by 88.32 points and closed at 11,283.89 points. The market
Published 08 Dec, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 08 Dec, 2011 12:00am
BRIndex30 down 165.05 points

BRIndex30 down 165.05 points

On Wednesday, the BRIndex30 opened at 8,634.90 points and after remaining in green for a little more than one hour after market opening it fell and remained in red thereafter with downward trend. It touched the intra-day high of 8,718.72 points and low of
Published 08 Dec, 2011 12:00am
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