Sadiq Rizvi

  • TKARACHI - The price of different varieties of meat has hiked in the metropolis, while the government apparently seems unable to bring down them, The Nation learnt through a brief market survey. It is learnt that the price of beef without bones in the local market is being sold with the cost of Rs ...

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  • TKARACHI - Panic selling grabbed the Karachi Stock Exchange on the back of SWA operation, resulting in 321 points or 3.36 percent loss in the KSE 100-index on Wednesday. The benchmark 100-index opened with red numbers on board, showing a loss of 51.91 points and index once dropped to sessions lowest ...

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  • TKARACHI - As many as 28 shopkeepers were arrested for selling sugar at exorbitant prices and not obeying the orders of Supreme Court orders, while about 99 shopkeepers were fined during the past two days, The Nation learnt on Wednesday. The DCO Karachi Javed Hanif, on the directives of Supreme ...

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  • TKARACHI - Pakistans credit rating outlook was lifted to stable from negative by Moodys Investors Service on Monday, which quoted an increased IMF loan. Moodys upgraded Pakistans rating from B3 with negative outlook to B3 with stable outlook. Moodys cited greater financial assistance from the IMF ...

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  • TKARACHI - The 62nd Independence Day was celebrated with great zeal, enthusiasm and renewed commitment to make Pakistan strong, progressive and prosperous. With the dawn of August 14, special prayers were held in mosques for the progress and prosperity of the country. A ceremony of assuming the ...

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  • TKARACHI - The residents of Karachi will experience a new public transport facility of CNG buses, which is scheduled to start from Monday (today). Governor Sindh, Dr Ishrat-ul-Ebad Khan, will inaugurate the CNG bus service pilot project of City District Government Karachi (CDGK). The fares of the ...

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  • TKARACHI - Three of the five alleged associates of Tehreek-e-Taliban Pakistan (TTP) chief, Baitullah Mehsud, who were gunned down in an alleged encounter with the police on late Friday night in Sohrab Goth, have been identified by their NICs. The locals have strongly denied the presence of ...

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  • TKARACHI - Two political workers were killed in the metropolis in separate incidents of violence on Saturday. The first incident took place at 7:45am when four armed men, on two motorbikes, opened fire on three friends sitting at Shamli Road within the limits of Nabi Bux police station. The ...

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  • TKARACHI - Mixed activity was witnessed at the KES on Friday as retail/institutional investors preferred profit taking ahead of weekend holiday in the overbought market. The benchmark KSE-100 index opened with 48.48 points up and lost the positive momentum at the end due to offloading by the ...

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  • TKARACHI - As many as two persons were killed while more than a dozen others injured in a serious gun battle between two rival groups over a trivial matter in Kemari area in Jackson police precincts on Saturday. According to details, the clash broke out over a petty issue of childrens play at Badar ...

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  • TKARACHI - At least three labourers were burnt to death while many others sustained injuries when a boiler exploded in a private chipboard-making factory within Landhi area. Police officials have formed an inquiry committee to probe the incident. More than 50 workers were present in different ...

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  • TKARACHI-Two more PPP workers were gunned down in target killing here on Saturday within the jurisdiction of Pakistan Bazar police station. The suspects escaped from the scene while no arrest had been made, said the police officials. According to the area police, PPP activists namely 32-year old ...

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  • TKARACHI - Unidentified man killed a teashop owner near Urdu Science College while at least 8 students were seriously injured when four armed men opened fire on them at a tea shop situated at main University Road opposite to Urdu Science College. No arrest was made in this regard, police said. The ...

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  • TKARACHI - A woman threw acid on a man and injured him badly after he had declined to marry her, here on Wednesday. Salma Ansari (30), a resident of Sector 9/E, Jinnah Colony, reached Orangi Town Police Station and confessed that she had thrown acid on Sarfarz (25) as he had refused to marry her ...

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  • TKARACHI - The stock market witnesses bearish activity on Friday as security situation in the country worsened after the Rawalpindi blast, while the 100-index shed 87 points and closed at 9,009 levels. Investors at the market remained concerned over prevailing political uncertainty, said leading ...

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  • TKARACHI - The KSE 100-index witnessed slender recovery on Wednesday after yesterdays grim session at the bourse, while benchmark added 75 points to close at 9,087.70 points. Investors chose to remain sidelined as uncertainties continued to hover, especially on the political front. Attractive ...

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  • TKARACHI - Psychological impact of Dubai debt problems and global financial crisis resulted in bearish activity at the local bourse on Tuesday as KSE 100-index lost 193 points to close at 9,013 levels. Heat from Dubai debacle, although psychological, forced the local bourses to melt with a high ...

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  • TKARACHI - The branch network of Islamic banks in Pakistan expanded to 528 in June 2009 compared with around 326 branches in June 2008. According to the State Bank recent document, over the last few years, the Islamic finance industry is reportedly growing at around 15 percent globally. Considered ...

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  • TKARACHI - Mixed activities at the KSE resulted in nominal change on board ahead of Eid holidays as benchmark 100-index added only one point to close at 9,206 levels. Sluggish opening pushed the index into the negative territory, wherein the index heavy weight OGDC played a major role, as the stock ...

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  • TKARACHI - Unexciting behaviour of the local equity market continued to hamper investor sentiments and kept them at bay on Wednesday as the KSE 100-index shed 29 points to close at 9,204 levels. Once again merely 20-stocks crossed over the one million share trading volume while only one stock ...

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  • TKARACHI - The fertilizer offtake stood at 7.1 million tons during Jan-Oct 2009, up by 23 per cent compared to 5.8 million tons last year. This increased demand was driven primarily by expectations of bumper crop yields during the current season. According to the latest data released by the National ...

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  • TKARACHI - An extremely dull and dry session grabbed the local bourse on Tuesday while the benchmark index remained positive and maintained its stance till closing bell, adding 11 points to close at 9,233.70 points. Moreover, meagre turnover was observed as volumes were down by 1.32m shares as ...

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  • TKARACHI - The Karachi stock market Friday portrayed a dullish yet highly volatile session especially in the first half as the benchmark 100-index dipped 9.82 points to close at 9,159 level. The local bourse started the day in green zone with a gain of 42.74 points and touched intraday highest ...

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  • TKARACHI - The KSE 100-index lost another 82 points or 0.90 percent on Thursday as selling activity grabbed the local bourse while stocks closed at 9,169 points. Investors remained concerned over security situation in the country and limited commitments on Pakistan by US war on terror. Moreover, ...

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  • TKARACHI - Despite Hillary Clintons three-day visit intended to gain support in the fight against terrorism and better than expected corporate earnings, the market remained choppy as the KSE 100-index on Wednesday shed 64 points to close at 9,251 points. Subsequently due to a deadly bomb blast in ...

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  • TKARACHI - The local bourse depicted a precarious session on Tuesday as the benchmark 100-index failed to continue its previous day surge and plummeted 58 points to close at 9315 points. Market opened with green numbers, led by E&P and insurance sector stocks, while range bound activity prevailed ...

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  • TKARACHI - Bulls made an impressive comeback at the KSE on Monday as foreign inflows showed strong signs of improvement, while benchmark 100-index gained notable 223 points or 2.44 percent to close at 9,374.50 points. Intense buying was witnessed on the first trading day of the week as dollar based ...

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  • TKARACHI - Limited activity restricted local bourse from any big changes on the last trading day of the week as KSE 100-index shed nominal 3.15 points to close at 9,150.85 points on Friday. Confidence expressed by ADB on Pakistans economic stability and improvement in current account deficit ...

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  • TKARACHI - The KSE 100-index loss further 93 points to close at 9,154 points on Thursday as extensive selling continued while investors remained concerned over continuing foreign divestment from local capital market. Strong result announcements and rising global commodity prices supported the market ...

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  • TKARACHI - The bulls made a strong comeback at the local equity market on Tuesday as intense buying activity was witnessed in the oversold market, while KSE-100 index gained 1.68 percent or 157 points to close at 9,645 points. The market players took renewed positions in banking stocks as the SBP ...

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