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Author Archives: Shahid Imran

Closing: KSE plunges 152pts, down 0.44% to reach 34387pts

KSE

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 151.59 points or 0.44 percent to reach 34386.86 points and volume of 162,991,660 shares on Wednesday. KSE-100 Index continued its losing spree as negative change reached 125.33 points till the mid day on Wednesday touching 34413.12 as compared to the total points of 34499.06 in the early trading of the same day when ... Read More »

KSE continues bullish trajectory with 72pts, up 0.21% to close at 34538pts

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 71.92 points or 0.21 percent to reach 34538.45 points and volume of 255,712,480 shares on Tuesday. The Karachi Stock exchange could not continue the bull-run caused by the a 100bps policy rate cut by the State Bank of Pakistan, as the benchmark KSE-100 Index lost in early trading on Tuesday lost 82.79 ... Read More »

Android 5.1 Lollipop update with bug fixes for Nexus 5, 6, 7, 9 to be introduced in Feb

nexus

NEW YORK: In November, Google officially rolled out the latest flavor of the Android operating system, Lollipop but the mobile software was clouded with bugs and issues. This happened despite Google’s initiative in rolling out a developer preview in an attempt to sweep off bugs from the OS. Now, there are reports predicting that Nexus devices will receive a major ... Read More »

Closing: KSE continues bullish trajectory with 72pts, up 0.21% to close at 34538pts

KSE 4

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 71.92 points or 0.21 percent to reach 34538.45 points and volume of 255,712,480 shares on Tuesday. The Karachi Stock exchange could not continue the bull-run caused by the a 100bps policy rate cut by the State Bank of Pakistan, as the benchmark KSE-100 Index lost in early trading on Tuesday lost 82.79 ... Read More »

KSE-100 soars massive 440pts, adds 1.29% to close at 34466.53pts as SBP cuts rate by 100bps

KSE Bullish Trend 3

KARACHI: The Karachi Stock Exchange benchmark 100-index gained massive 439.94 points or 1.29 percent to reach 34466.53 points and volume of 249,086,480 shares on first day of trading week, Monday. The drastic cut of 100 basis points in the interest rate by the State Bank of Pakistan strengthened the Karachi Stock Exchange as the benchmark 100-index increased to 34443.31 points ... Read More »

Motorola to release bug-free Android 5.0 Lollipop Update for Droid Turbo, Moto G, Moto X in Feb 2105

Android_L_lollipop_interface_purple_02

KOREA: Motorola engineer Luciaono Carvalho revealed earlier this week that the new Android 5.0 Lollipop update will become available to all Motorola devices from 2013 to 2014, Load The Game reports, mentioning that hopes are high about the release date version being bug-free. Motorola also recently announced that it will release three of its flagship mobile devices in China: the ... Read More »

Closing: KSE-100 soars massive 440pts, adds 1.29% to close at 34466.53pts as SBP cuts rate by 100bps

KSE Bullish Trend 3

KARACHI: The Karachi Stock Exchange benchmark 100-index gained massive 439.94 points or 1.29 percent to reach 34466.53 points and volume of 249,086,480 shares on first day of trading week, Monday. The drastic cut of 100 basis points in the interest rate by the State Bank of Pakistan strengthened the Karachi Stock Exchange as the benchmark 100-index increased to 34443.31 points ... Read More »

Chinese economic growth plunges to its lowest, expands only 7.4% in 2014

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BEIJING: Chinese economic growth plunged to its lowest speed and expanded only 7.4pc in 2014. It is expected to lose more momentum this year, keeping pressure on policymakers to head off a sharper downturn. Its slowest rate since 1990 and below its official target of 7.5pc – the first miss since 1999. It expanded 7.7pc in 2013.But analysts said a ... Read More »

Closing: KSE adds 120pts to yesterday’s losses, down 0.35% on monetary policy fears

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KARACHI: The Karachi Stock Exchange benchmark 100-index lost 120.38 points or 0.35 percent to reach 34026.59 points and volume of 138,096,620 shares on last day of trading week, Friday on news flow/rumours over central bank’s policy announcement with 100bps in our view more or less priced in. The benchmark KSE-100 index till mid day trading on Friday extended the losing spree ... Read More »

Closing: KSE extends further gains with 208pts, up 0.61% to touch all time high level

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  KARACHI: The Karachi Stock Exchange benchmark 100-index gained 208.20 points or 0.61 percent to reach 34329.50 points and volume of 241,031,780 shares on Wednesday. Extending the upward trend from early trading on Wednesday, the benchmark KSE-100 index reached 34307.53 points till the midday as compared to 34275.95 points earlier. The KSE 100 index advanced 186.23 points or 0.55 percent perhaps ... Read More »

Jamaica Customs Agency revenues reach $118.911b from $106.963b

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KINGSTON: Jamaica Customs Agency (JCA) collected gross revenue of $118.911 billion compared to a target of $106.963 billion at the end of the third quarter for the financial year 2014-15 This collection is also 83 per cent of the overall year to date Ministry of Foreign Affairs and Planning target of $142.777b. Revenue collection YTD was $11.458b or 9.7 per ... Read More »

Closing: KSE rises with 107pts, up 0.31% to reach all-time high of 34121.30 points

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 107.04 points or 0.31percent to reach 34121.30 points and volume of 194,953,700 shares on Tuesday. After losing 57.94 points or 0.17 percent on the early trading, the benchmark KSE-100 index later gained 74.71 or 0.22 percent and touched 34088.97 points till Monday’s midday. Earlier it was considered that the loss on early trading ... Read More »

Kuwaiti economic growth drops to 2.7% from 2.9% in 2015

Kuwait_Fund_for_Arab_Economic_Development

KUWAIT: Kuwaiti growth dropped to 2.7% in 2014 although it was 2.9% last year. The dramatic fall in the oil price in the second half of 2014 heralds an era of much cheaper oil, which will impact upon Kuwaiti growth. High oil prices in recent years have translated into increased spending by the Kuwaiti government. This will boost growth at ... Read More »

KSE bags enormous gains of 228pts, up 0.67% to cross historic 34,000pts barrier

KSE2

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 227.82 points or 0.67 percent to reach 34014.26 points and volume of 174,966,210 shares on Monday. Bull-run kept the stocks sail high after scaling all-time high of 34,000 points level as benchmark mark KSE 100-index consolidated gains 315.47 point or 0.93 percent to reach landmark 34101.91 points level till midday trading. High ... Read More »

Closing: KSE bags enormous gains of 228pts, up 0.67% to cross historic 34,000pts barrier

KSE2

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 227.82 points or 0.67 percent to reach 34014.26 points and volume of 174,966,210 shares on Monday. Bull-run kept the stocks sail high after scaling all-time high of 34,000 points level as benchmark mark KSE 100-index consolidated gains 315.47 point or 0.93 percent to reach landmark 34101.91 points level till midday trading. High ... Read More »

US CBI seizes 4 gold bars, clutches a teenager smuggler

NEW YORK: US Central Bureau of investigation (CBI) has seized four gold bars and nabbed a teenager smuggler at the Cochin International Airport at Nedumbassery . The two police officers, who were on deputation at the airport, were arrested along with a teenager who carried the gold from Dubai and a travel agent. The arrests were made by Customs officials ... Read More »

KSE 100-index soars to 33818pts, up 0.16% to close week at record high

KSE

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 52.68 points or 0.16 percent to reach 33818.29 points and volume of 215,170,370 shares on Friday. The market, however, appeared confident and seemed positive with investors exercising caution as it is the last trading in the market. There were bulls roaring in Karachi Stock Exchange as benchmark 100-index extended overnight buoyancy, gaining 70.06 points ... Read More »

Closing: KSE 100-index soars to 33818pts, up 0.16% to close week at record high

KSE20

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 52.68 points or 0.16 percent to reach 33818.29 points and volume of 215,170,370 shares on Friday. The market, however, appeared confident and seemed positive with investors exercising caution as it is the last trading in the market. There were bulls roaring in Karachi Stock Exchange as benchmark 100-index extended overnight buoyancy, gaining 70.06 points ... Read More »

Customs recovers 27 kg hashish worth Rs1.6m near Rawalpindi

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Closing: Karachi stocks add 180pts, up 0.54% to touch record high of 33765.61pts

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KARACHI: The Karachi Stock Exchange benchmark 100-index gained 179.86 points or 0.54 percent to reach 33765.61 points and volume of 220,156,920 shares on Thursday. Keeping in view the buoyancy tendency, it seem the market will scale 34,000 points mark before end of the current trade week. The stocks kept flying high, staging a grand rally to boost benchmark KSE 100-index ... Read More »