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April 05, 2008 Saturday Rabi-ul-Awwal 27, 1429 SECP issues rules for opinion-making on stocks ISLAMABAD, April 4: The Securities and Exchange Commission of Pakistan (SECP) warned research analysts and the media persons on Friday against giving advice to people to invest in any particular stocks and creating euphoria or causing the market to fall.... Oil prices close to $106-level LONDON, April 4: Oil prices jumped close to $106 on Friday as investor sentiment was driven by the weak US dollar, tight energy supplies and more bad news on the US economy, analysts said.... All bulls, no bears in the market KARACHI, April 4: Like the early nineties, one can see saliva dripping down the mouth of everyone from the corporate executive, to the barber, the shopkeeper and the doctor, as they... Stocks gain 127 points on political outlook KARACHI, April 4: Stocks on Friday maintained their upward drive amid a loud whispering about the presence of foreign buying on selected counters, notably oil and banks, followed by sympathetic local support as no one was inclined to miss the bandwagon.... S. Arabia may invest in Asian rice growing states RIYADH, April 4: The decision by India and a number of rice-producing countries to ban or limit exports has prompted Saudi investors to invest in rice producing Asian countries to ensure continuity and stability of supplies.... Banks asked to promote agriculture financing KARACHI, Aril 4: The State Bank of Pakistan has asked banks to promote and create awareness about agriculture financing.... Radical changes in textile sector sought KARACHI, April 4: The All-Pakistan Textile Mills Association (Aptma) has stated that due to challenges facing the textile industry, a huge transformation process needs to be initiated at all levels of the industry.... Cotton arrivals drop by 8.5pc According to the final report issued by the Pakistan Cotton Ginners Association (PCGA) here on Friday said that from 21 cotton-growing districts of Punjab a total of 88,11,568 bales arrived at... China Mobile being launched today ISLAMABAD, April 4: Chief Executive of China Mobile Wang Jianzhou announced its rollout, with a massive investment exceeding $1.5 billion and introducing attractive packages when it is officially launched on Saturday evening.... Rich states falling down on aid promises PARIS, April 4: Aid to the developing countries fell last year and most donors are falling behind on their stated commitments to increase the amount of money they give, the OECD said in a report on Friday.... Indian inflation NEW DELHI, April 4: Indian inflation accelerated to a more than three-year high of seven per cent, data showed on Friday, fanning fears of interest rate hikes that could slow growth further in Asia’s third-largest economy.... Brisk trading on cotton market KARACHI, April 4: Trading on the cotton market was maintained on the higher side on Friday as both spinners and ginners tried to straighten their respective stock and supply positions ahead of the final crop arrivals.... Customs appraisers transferred KARACHI, April 4: The Chief Collector of Customs (South) on Friday issued orders for the transfer of 11 principal appraisers with immediate effect.... Global economy SINGAPORE, April 4: Global economic growth should range between five and seven per cent even if the Us economy slows, India’s minister of commerce and industry said on Friday.... Dollar tumbles LONDON, April 4: The dollar tumbled against the euro on Friday on another round of heavy US job losses that revived fears for the health of the US economy as well as prospects for further rate cuts by the Federal Reserve.... Karachi Port operations KARACHI, April 4: Six ships carrying containers and to load molasses and clinkers are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... Port Qasim KARACHI, April 4: Four ships carrying containers, diesel oil and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Friday.... 1.2bcf gas load for Karachi by 2010 KARACHI, April 4: The Sui Southern Gas Company Ltd will increase the gas load for Karachi to 1.2 bcf by 2010.... Thai PM rules out rice ‘shortage’ BANGKOK, April 4: Thailand, the world’s leading rice exporter, insisted on Friday it had enough for domestic consumption but exporters warned of a crisis, as dealers hoard rice to sell overseas at current sky-high prices.... Asian stocks close mostly lower HONG KONG, April 4: Asian stocks closed mostly lower on Friday with Tokyo leading falls as investors locked-in profits and braced themselves for the release of key US economic data later in the day.... Palm oil futures firm KUALA LUMPUR, April 4: Malaysian crude palm oil futures held firm on Friday despite a fall in vegetable oil markets as investors eyed demand from China and India.... Karachi market rates KARACHI, April 4: The following were Friday commodity market rates in rupees....

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