Bears grow strong at KSE; Index sheds 83 points

KARACHI: Bears grew further strong at Karachi Stock Exchange (KSE) on Thursday, eroding 83 points from the benchmark KSE-100 Index which finished the day at 9,169. The share market began today’s trade in the green territory but later off loading in energy and banking stocks pulled the Index back from moving up which closed at the current level at the end of the session. The trade volume stood improved to 220 million shares today. Pak PTA clinched the spot of top volume leader, advancing by paisas 50 to close at Rs7.80. Meanwhile, KSE-30 Index eased 71 points to peg at 9,683. The market analysts foresee more correction in the coming sessions.

EU agrees for trade talks: Federal secretary

ISLAMABAD: European Union (EU) has agreed to discuss trade agreement with Pakistan, federal secretary for trade said. Talking to Geo News here, Suleman Ghani, Federal Trade Secretary said EU has agreed to discuss free trade agreement with Pakistan in a meeting held on October 20 in Brussels. The first round of talks will be held in February next year. The trade secretary level talks will likely discuss the technical aspects of free trade agreement and other issues.

Bears continue to grip local share market

KARACHI: The local equities market remained in the grips of bears on Friday too with the benchmark KSE-100 Index further losing 17 points to peg at 9,151. The share market began its activities in upbeat mode and at one stage the major Index was also witnessed at 9256 level. However, later selling in energy scrips led the to close in the red zone. The market turnover was registered at 170 million shares. TRG Pakistan was today’s star performer in terms of volume which gained paisas 14 to close at Rs2.59. KSE-30 Index eased 30 points to finish the day at 9,653.

KSE-100 Index slides 64 points

KARACHI: The deadly bomb blast in Peshawar Wednesday forced the investors not to take fresh positions in the local equity market where the benchmark KSE-100 Index shed 64 points to close at 9,251. The market started today’s trade with positive numbers but the bomb blast in Peshawar eroded the early hour gains and the Index closed at the current level. The trade volume was recorded at 170 million shares. Arif Habib Securities topped the list of volume leaders, gaining paisas 48 to close at Rs54.85. The selling eroded 75 points from the KSE-30 Index which pegged at 9,754.

Security forces kill 15 terrorists in operation Rah-e-Nijat

RAWALPINDI: Fifteen terrorists have been killed during Security forces operation in South Waziristan Agency while 3 security personnel including an officer embraced shahadat and seven were injured during the last 24 hours. According to ISPR, security forces have made good progress and cleared Khaisura village linking up with Tiarza fort. During the operation eight terrorists have been killed. Heavily fortified bunkers having 2 meters thick concrete walls have been discovered in the above village. At present security forces are conducting search and clearance operation in Sherwangi and surrounding areas along with consolidation at Wuzi Sar and Gurgura Sar. During exchange of fire one soldier embraced shahadat and three were injured. Security forces are engaged in an intense encounter with terrorists hiding on heights surrounding Kotkai. After securing Tor Ghundai feature east of Kotkai, security forces are in the process of clearing surrounding heights and caves. During exchange of fire one officer and one soldier embraced shahadat and four were injured. After securing Malik Shahi, security forces are undertaking clearance operation upto Mizo-Wam. During the operation seven terrorists were killed. Security forces check post has been established at Manzai Kili west of Mandanna. Security forces are strengthening their positions at area around Spinkai. During search of houses of Uzbeks, converted into bunkers around Sher Wangi, 105 bottles of Liquor were discovered. During the operation security forces recovered 27 hand grenades and 4 rockets; 2 ammunition carrying bags; 7 x 12.7 mm Anti Air Craft guns and 2 x 14.5 mm Anti Air Craft guns along with 2007 mortar rounds; 2 x rifles - 7 mm and 4 x rifles – 303 7x RPG-7; 36 x 82 mm mortar rounds; 1 x 75 mm RR; 14 x 107 mm Single Barrel Rocket Launcher; 18 x 60 mm mortar rounds; 22 IEDs.

Malik vows civil guards for public schools

ISLAMABAD : Federal Interior Minister Rehman Malik Wednesday said full-fledged arrangements are being taken up for the security of the educational institutions, as 300 civil guards are being provided for the security of public schools. Talking to media here, he said nobody even thought of such an incident of terrorism at an educational institution, adding the security at educational institutes would be aggrandized. The interior minister said one main committee and three sub-committees have been instituted in a meeting held here in connection with the security. He informed that the federal capital has been divided in seven zones as regards the security, and the terror incident at Islamic University occurred at least 24 km away from Islamabad. Commenting upon the Indian allegations, Malik warned against them, saying Indian Home Minister should see about their home first, as it is beset with flaws, adding criticizing Pakistan would not set their issues aright. Rehman Malik stressed that Pakistan may give well-substantiated threats better than those India gave, adding Pakistani offer regarding negotiations should not be deemed as its frailty.

Waziristan: 6 more extremists killed in operation, 11 wounded

WANA: Six more extremists have been killed and 11 others wounded in ongoing operation Rah-e-Nijat in Northern Waziristan Tuesday. According to sources, security forces are advancing to extremists bases in Makeen and Ladha from the area of Razmak. Gunship helicopters, jet planes and ground troops are taking part in the operation. Extremists death tally has mounted to over 80 and more than 30 hideouts have been destroyed in the continuing operation for last four days, state sources added.Meanwhile, security forces are facing severe resistance on part of the extremists in some areas.