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| October 01, 2008 | Wednesday | Shawwal 1, 1429 |
Stocks end down, volume falls below 1m
KARACHI, Sept 30: The trading volume on the Karachi Stock Exchange on Tuesday fell to a new all-time single-session low at 0.986m shares as investors watched the fresh massive plunge on...
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Indian FM says stock market ‘sound’
NEW DELHI, Sept 30: India’s finance minister rushed on Tuesday to assure jittery investors that the country’s stock market was “sound” amid fears that the global financial crisis could broaden....
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Oil prices rebound
LONDON, Sept 30: Oil prices rallied on Tuesday on bargain-hunting after slumping 10 per cent a day earlier when US lawmakers rejected a multi-billion-dollar rescue package for ailing American banks, traders said....
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Bailout plan rejection stuns world leaders
WASHINGTON, Sept 30: The US Congress rejection of a $700 billion financial bailout sent shockwaves around the world on Tuesday hitting European banks, putting global markets into a new spin and policymakers on the edge of despair....
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Rupee at near record low
KARACHI, Sept 30: Rupee ended near a record low on Tuesday amid import payments and dealers said the currency would remain under pressure on lack of inflows and weak economic fundamentals....
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Support price raise to end wheat crisis: Growers hail govt decision
MULTAN, Sept 30: The farming community of the southern Punjab has welcomed the government decision to increase wheat procurement price from Rs625 per 40 kgs to Rs950....
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Pakistan risks expulsion from MSCI index
LONDON, Sept 30: Pakistan’s imposition of a floor under its main stock index could see it expelled from the benchmark MSCI emerging equities index while Colombia’s recent easing of investment curbs...
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Date for returns extended
ISLAMABAD, Sept 30: Federal Board of Revenue (FBR) has extended the last date for filing of income tax returns up to Oct 31 to facilitate the taxpayers....
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HK unveils steps to help banking sector
HONG KONG, Sept 30: Hong Kong’s de facto central bank on Tuesday announced a package of temporary measures aimed at increasing liquidity into the city’s nervous banking system, as financial turmoil dried up credit....
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Karachi Port operations
KARACHI, Sept 30: Six ships carrying containers, RBD palm oil and to load cement are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Dollar jumps higher against euro
LONDON, Sept 30: The dollar rose sharply against the euro as investors sought out a safe haven after the global financial system was shaken by US Congressional rejection of a 700-billion-dollar Wall Street bailout....
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Cotton market lacks trading interest
KARACHI, Sept 30: Pre-Eid holiday mood prevailed on the cotton market on Tuesday as spinners and mills remained conspicuous by their absence apparently having an overview of the crash of New York cotton futures and its impact on the local market....
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ECB allots $270bn cash loans in refinancing operation
FRANKFURT, Sept 30: The European Central Bank said on Tuesday it had allotted 190 billion euros ($270 billion) in cash loans during a regular weekly operation that saw strong demand from commercial banks....
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Talks set to save world’s cheapest car
KOLKATA, Sept 30: Talks to save an Indian plant slated to turnout the world’s cheapest car, the Nano, have been scheduled for later this week, the state government said on Tuesday....
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Ireland guarantees bank deposits
DUBLIN, Sept 30: Ireland announced a blanket guarantee on bank deposits on Tuesday in a bid to bolster the country’s financial system after a record slump on Dublin’s stock market came amid economic turmoil worldwide....
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Asian stocks plunge as US plan rejected
HONG KONG, Sept 30: Asian stocks tumbled on Tuesday after the United States Congress in a shock move rejected a massive bailout plan for Wall Street, threatening to prolong the global financial crisis....
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Gold slips in Europe
LONDON, Sept 30: Gold slips below $900 an ounce in Europe on Tuesday as a firmer dollar and weakness in other commodities such as oil and industrial metals encouraged profit- taking....
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Palm oil prices lower
JAKARTA, Sept 30: Malaysian crude palm oil futures sagged to an 18-month low on Tuesday, before recouping some losses in later trade, rattled by a tumble in crude oil prices on worries that an economic slowdown will curb demand, traders said....
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Karachi market rates
KARACHI, Sept 30: The following were Tuesday commodity market rates in rupees....
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