KARACHI: Bulls continued to rule the roost at the stock market, collecting another 287.64 points on Wednesday to close at an all-time high of 28,941.01 points. The closing remained slightly short of the incredible 29,000 level. As the benchmark index settled near the intraday high, analysts thought it indicated that the bulls would continue to hold sway in the upcoming sessions. The current stock market boom has propelled index up by 532 points in just the three sessions this week, which including the previous week’s gains has seen the benchmark index soar by 1,824 points in only the last eight sessions.
Foreign inflows propel index by 288 points
KARACHI: Bulls continued to rule the roost at the stock market, collecting another 287.64 points on Wednesday to close at an all-time high of 28,941.01 points. The closing remained slightly short of the incredible 29,000 level. As the benchmark index settled near the intraday high, analysts thought it indicated that the bulls would continue to hold sway in the upcoming sessions. The current stock market boom has propelled index up by 532 points in just the three sessions this week, which including the previous week’s gains has seen the benchmark index soar by 1,824 points in only the last eight sessions.
Anti-graft party faces test as India votes in third round
NEW DELHI: India’s upstart anti-graft party faces a key test Thursday as the national capital votes in the first major stage of the country’s marathon general elections. The third phase of voting begins at 7:00 am local time (01:30 GMT) in 92 constituencies, representing a fifth of the 543-seat lower house, across the capital and 13 other states, including Maoist insurgency-hit eastern India. But analysts say the spotlight is on the Delhi birthplace of the Aam Aadmi (Common Man) Party (AAP), even if support for it may have lost some steam.
Anti-graft party faces test as India votes in third round
NEW DELHI: India’s upstart anti-graft party faces a key test Thursday as the national capital votes in the first major stage of the country’s marathon general elections. The third phase of voting begins at 7:00 am local time (01:30 GMT) in 92 constituencies, representing a fifth of the 543-seat lower house, across the capital and 13 other states, including Maoist insurgency-hit eastern India. But analysts say the spotlight is on the Delhi birthplace of the Aam Aadmi (Common Man) Party (AAP), even if support for it may have lost some steam.
‘Captain America’ socks box office, eyes titanic clash
LOS ANGELES: “Captain America: The Winter Soldier” shot straight to the top of North America’s box office this weekend – socking rivals with the biggest US April opening of all time, figures showed. And buoyed by the news, Marvel filmmakers announced they will release the Captain’s sequel on the same 2016 date as rival Warners’ Superman/Batman mash-up hits multiplexes. The scheduling sets up a superhero clash of the titans in the hugely lucrative comic book franchise field, which has already produced the biggest ever box office debut, in 2012’s “The Avengers”.
IMF forecasts slow, but improving growth for Pakistan
WASHINGTON: The International Monetary Fund (IMF) has forecast a slow growth rate of 3.1 per cent for Pakistan in the current year and an improvement to 3.7pc in the next year. At the launch of its World Economic Outlook here on Tuesday, ahead of its annual spring meetings, the IMF projected a steady increase in therate of inflation. The consumer price index is expected to be 8.8 per cent during the current year, up significantly from 7.4 per cent last year, and the rate may further rise to 9 per cent in 2015.
Four dead, including gunman, at Fort Head: officials
FORT HOOD: A gunman opened fire Wednesday at the US Army’s Fort Hood in an attack that left four dead, including the shooter, law enforcement officials said. One of the officials, citing official internal Justice Department updates, said 14 others were hurt. The officials spoke on condition of anonymity because they were not authorised to release information by name. The Texas Army base was the scene of a mass shooting in 2009. Thirteen people were killed and more than 30 wounded in what was the deadliest attack on a domestic military installation in history.
Saudi Arabia announces aid for calamity-hit areas
ISLAMABAD, March 20, 2014 (PR):- Under the directives of Khadim al Haramin Al-Sharifain, several relief and constructional projects would be launched to help calamity hit people of Pakistan. In this regard, an announcement for starting relief and construction projects was made here in a ceremony organized by Royal Embassy of Saudi Arabia, to provide all necessary things to the people living in different districts of Pakistan that affected by natural calamity in the recent times. Expressing solidarity with the affected people of Pakistan, Saudi Arabia announced to initiate relief and construction projects which will be completed under the guidance of Prince Muhammad Bin Naif Interior Minister of Saudi Arabia, in phases in different areas of this region.
Liberalization of trade With India to help Pakistan
LARS GUNNAR WIGEMARK
DNA
ISLAMABAD, 16 MAR (DNA) – The European Union (EU) Ambassador to Islamabad Lars-Gunnar WIGEMARK has said liberalization of trade with India would bring the prices down in Pakistan and could gradually create conducive ambiance to bilaterally tackle more complex issues like Kashmir. Hailing Prime Minister Muhammad Nawaz Sharif’s initiative to bolster trade with India as ‘very positive’ the ambassador said that there was more ‘scope for regional trade’ for Pakistan than with the outside world and the potential ‘is far greater with India’.
