Facebook to make stock market debut

SAN FRANCISCO: Facebook will make its stock market debut in May with a record-setting initial public offering of shares, according to a report Wednesday in the Wall Street Journal. The world's leading online social network has stopped selling shares...

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Asian markets slip on China fears

HONG KONG: Asian stocks were mostly lower on Wednesday, weighed down by concerns over a slowdown in China's economy, while oil prices edged back up after big falls in New York. Receding concerns over the eurozone debt crisis provided support for the...

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KSE comes to a flat end on profitbooking

KARACHI: Stocks at the premiere bourse ended almost flat on Wednesday as investors chose to book profits after the index closed more than 1.7 percent higher the previous day, but losses were curtailed as bargain hunters accumulated middle tier shares,...

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Asian shares down on weak China data

HONG KONG: Asian markets were mixed Thursday as more weak data out of China added to concerns over a slowdown in the economy, while the yen was lifted after Japan posted a surprise trade surplus. The latest batch of downbeat news from Beijing added...

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Profitbooking tones down trade at KSE

KARACHI: Stocks at the apex capital market ended lower in dull trade on Thursday as cautious investors choose to book profits ahead of Friday's public holiday, dealers said. The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.15 percent,...

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Asian markets mostly up

HONG KONG: Asian markets were mostly higher on Monday following a positive lead from Wall Street and bargain hunting after last week's losses but gains were capped by lingering concerns over China's economy. Tokyo was 0.20 percent higher by the break...

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Stocks prices end flat at KSE

KARACHI: Stock prices at Karachi Stock Exchange (KSE) ended almost flat on Monday as investors booked profits in blue chip companies such as Oil and Gas Development Co Ltd (OGDCL) but bargain hunters accumulated shares of middle-tier companies, dealers...

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KSE 100-share index gains 163 points

KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index ended 1.23 percent, or 163 points, higher at 13,449.73 points. Volume fell to 166 million shares, compared with 278 million traded on Monday. Stocks ended more than 1.2 percent higher...

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Karachi stocks end at four-year high

KARACHI: Stocks at the apex bourse climbed 0.9 percent to close at a four-year high on Wednesday, led by banking and cement shares on hopes of healthy earnings, dealers said. The Karachi Stock Exchange benchmark 100-share index ended125.68 points higher...

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Asian markets lower on weak data

HONG KONG: Asian markets slipped on Thursday as more weak economic data out of the United States and Britain stoked concerns about the global economy. Oil prices retreated after a report showed a bigger-than-expected rise in US stockpiles - indicating...

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KSE tad lower as investors book profits

KARACHI: Local stocks ended slightly lower on Thursday as investors booked profits at higher levels after the market closed at a four-year high the previous day, dealers said. The Karachi Stock Exchange benchmark 100-share index ended 0.12 percent,...

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Stocks at KSE scale a 4-yr peak

KARACHI: Trade at the main stock market ended on a fresh four-year high on Friday led by buying in cement shares which are benefiting from hopes of healthy profits this year, dealers said. The Karachi Stock Exchange benchmark 100-share index ended 1.49...

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Pakistani stocks make strides in 1Q2012

KARACHI: According to a market report local stocks showed a sterling performance in 1Q2012 in the face of challenging security environment, prevalent energy crisis, and structural weakness bearing on the economic condition. The report said that during...

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CNG likely to go up by Rs11.58/kg

ISLAMABAD: The government is likely to raise the Gas Development Surcharge on compressed natural gas by 20 percent, which would push the per kilogram price of the CNG up by at least Rs11,  According to sources privy to the matters, Ministry of...

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Gold shines up at Rs49,414 per 10 grams

KARACHI: Gold surged by Rs 129 to Rs 49,414 per 10 grams in the local market Friday as its international price improved to $ 1,665 an ounce, market sources said. According to Karachi Saraf Association official, tola (11.664 grams) price also went up...

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LPG price drops by Rs22 in two days

ISLAMABAD: Chairman of Liquefied Petroleum Gas Distribution Association, Irfan Khokher Saturday said that the LPG prices have reduced by Rs22/kilogram in the last two days, He said, "Distributors have decreased the LPG prices by Rs22 per kilogramthroughout...

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PASSCO to sell 0.450mn tonnes of wheat

LAHORE: Pakistan Agriculture Storage and Services Corporation Limited (PASSCO) has contacted interested local buyers to sell 0.450 million tonnes of wheat and made agreement in this regard. According to PASSCO sources, transportation of wheat is going...

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Pakistan seafood exports surge by 15pc

Pakistan seafood exports surge 15pc in 8 months ISLAMABAD: The exports of fish and fish preparations surged by 14.69 percent during the first eight months of current fiscal year (2011-12) against the corresponding period of last year. The exports of...

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Profit rates on savings schemes increase

ISLAMABAD: The Central Directorate of National Savings (CDNS) has revised the profit rates on National Savings Schemes effective from April 1. According to a notification, the profit rate on Special Savings Certificates (Registered) Accounts has been...

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Rupee remains strong in currency market

KARACHI: In the currency market, the rupee ended firmer at 90.61/66 to the dollar, compared with Thursday's close at 90.62/67 amid a lack of import payments. The rupee has been supported recently by remittances from Pakistanis overseas, which rose by...

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Euro rebounds in Asian trade

TOKYO: The euro rebounded against the dollar and yen in Asia on Friday after slipping against the greenback overnight in New York as eurozone finance ministers prepare for high-level debt talks. The euro bought $1.3352 and 109.56 yen in Tokyo trade,...

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Oil prices higher in Asian trade

SINGAPORE: Crude rebounded in Asian trade Friday after the United States said no decision had been made on tapping strategic oil reserves, analysts said. New York's main contract, West Texas Intermediate crude for delivery in May, gained 66 cents to...

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Russia eyed for Iran-Pak gas pipeline

ISLAMABAD: Pakistan said Thursday it would seek Russian funding for a multi-billion dollar gas pipeline from Iran amid Chinese reluctance to invest in the project over fears it could be hit by sanctions. The quest for alternative sources of funds began...

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