Awaz Apni

CNews ISLAMABAD: Minister for Information and Broadcasting, Sherry Rehman Monday said the resignation of Pervez Musharraf is a triumph for democracy and vindication of nation’s determined stand for a civilian political order. “He (Musharraf) had become a liability for the nation because of his anti-democratic credentials,” she said while commenting on the resignation of Pervez Musharraf. The Minister said, “The eight years of his rule have been fraught with gross constitutional violations and acts of political divisiveness, which had not only put democracy at stake but also created serious economic and security challenges for the country. Even though, Sherry Rehman said this resignation was due on February 18, it has come today, reinforcing the public will and strengthening the coalition government’s legitimate struggle to put democracy on track in the country. “It also echoes Mohtarma Shaheed’s mantra that democracy is the best revenge. Our success is also a tribute to all those who g...

CNews KARACHI: The bulls returned to Karachi Stock Exchange (KSE) Monday as 100-Index gained 139.52 points to close at 10,374.30, a dealer said. The turnover volume was low at 93.853 million shares as prices of 129 scrips sustained losses while 115 recorded gains and 21 remained unchanged. A dealer at a leading brokerage house said that the selling pressure was eased today (Monday) as bulls entered the market and resorted to fresh buying, boosting prices of leading scrips. Although, the Index was close to fall below 10,000 level, the buying spree gave support to the market and Index started moving up gradually. The news that Finance Minister Syed Naveed Qamar will visit KSE Tuesday, gave support to the confidence of investors, he added. The market capitalization was improved by Rs 48.61 billion to Rs 3.244 trillion. NIB Bank was the volume leader with a turnover of 5.989 million shares followed by D G Khan Cement 4.980 million shares, Arif Habib Sec 4.625 million shares, Engro Chemical...

CNews KARACHI: Karachi Stock Exchange on Thursday remained bearish on the sixteenth consecutive day of its ongoing trend as its 100-index bled away by over 400 points. However, at the end of the trading market got a slight positive trend and its benchmark 100-index closed at 10213 points loosing a total of 279 points. It was the lowest of 100-index in seven years. Analysts attributed this ongoing slump to the foreign investors’ sudden siphoning off their funds from the market due unstable political and law and order situation in the country. Meanwhile, the small investors and brokers on Thursday staged violent demonstration at Karachi Stock Exchange against continued bearish trend in the market. Investors smash the glasses of the administration block of KSE, while few protesters also barged into the cabin floor. At least six people were injured during the protest who were immediately rushed to the nearby hospital. Police and Rangers rushed to the KSE on call of administration and cordo...

CNews KARACHI: Wiped out by the stock market crash, angry protestors break windows and damage banks and brokerage houses as stock prices hit ever new lows and the Karachi Stock Exchange (KSE) -100 loses 435.29 points and trading at 10056. 59 today.  The market is under severe bearish clutch for the fourth day of the trading week in a row. The Benchmark 100-index has sunk to the lowest in seven years as it reached to 10,100 points.  Full Story

CNews KARACHI: Stocks at Karachi Stock Exchange plunged across the board on Monday with the benchmark KSE-100 Index sliding by 284 points to 14,673.The trade volume stood low at 180 million shares.Investors at the Karachi Stock Exchange have had a testing time adjusting to new realities such as higher charges for futures contracts and looming taxes in the upcoming budget.But they say that news from the political front proved to be the tipping point today, forcing foreign and local stakeholders alike, to square their positions.Investors were also disturbed by news of an imminent fraud case against former officials of blue chip stock, Bank of Punjab.But experts are quick to point out that this was far from being the only reason for today's sell-off.And given the uncertainty that is prevailing on all fronts small investors are being advised to exercise extreme caution.KSE-30 Index plunged by 361 points to finish at 17,650.

KARACHI: Karachi Stock Exchange (KSE) bull-run drive continued for the second day in a row, amply demonstrating that the investors were better well informed than those of the intelligentsia blowing gloom and doom, which culminated in the index breaching past the 13,900 marks today after a break of two and a half months.The market opening on a positive note went on upbeat and buoyant all through the day and the KSE-100 shares index surged by 187 points to close at 13921 points.Turnover today exceeding over 40 million shares as compared yesterday aggregated to 350 million shares.Volume leader OGDCL shares price rose by Rs2.55 to close at Rs121.05. D. G. Khan Cement shares price increased by Rs0.25 and Arif Habib Securities by Rs1.85 to close at Rs113.90 and Rs142.35 respectively. KSE-30 index swelled up by 272 points reached at 17048. Analysts predict that the market could leap beyond the 14,000 marks in the days to come