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Won't be party to conspiracy, says Zardari2017/11/09

ISLAMABAD: Pakistan People's Party (PPP) chairperson Asif Ali Zardari has on Wednesday said that former prime minister Nawaz Sharif had exposed his agenda by declaring the verdict by Supreme Court as judge's malice towards him.
Won't be party to conspiracy, says Zardari

Foreign inflow supports market to stay positive2017/11/09
KSE-100 Index sees bullish day closing higher by 210 points

Ghulam Raza Rajani

KARARCHI: Positive closure on previous day assisted market to start the day on positive note. Postponement of date for hearing of Supreme Court case against ex Prime minister and finance minister supported the market to stay on positive. Fresh interest form foreigners aided the market to end day in green. 
The benchmark KSE-100 index closed higher by 209.94 point to close at 41,259.16 points. KSE All Share Index increased by 122.27 to end at 29,422.52, KSE 30-Index improved by 122.13 points to conclude at 21,075.97, whereas KMI 30-Index up by 366.74 points to finish the day at 71,596.46 levels.
Ali Raza at Elixir Securities said Pakistan Equities closed Wednesday positive with benchmark KSE100 Index finishing half a percent up at 41,259 levels. Market started the day on lackluster note as most investors seemed occupied by news flow on domestic politics with Courts resuming separate hearings of former PM Nawaz and Finance Minister Dar in corruption references. The early hours saw benchmark Index testing and respecting the 41K support and later on it gradually inched up driven by cherry-picking in stocks across Cements, Pharma, Industrials and Utilities. Despite overall turnover remaining flattish compared to yesterday, activity by retail investors saw a noticeable surge evident from decent volumes in second and third tier plays. On Leader board, Lucky Cements LUCK PA +2.8%, Sui Northern Gas Co SNGP PA +3.1% and International Steels ISL PA +4.7% occupied top slots, while stocks to the likes of SSGC PA +3.3%, JPGL PA +17.2% and KEL PA +3.6% emerged as volume leaders. We reiterate our view that flows from Institutional investors will remain crucial for a sustained upside move in the near-term.
The advance to decline ratio in the broader market remained in favour of bulls. Out of 378 scrips, 205 scrips advanced, 137 declined while the value of 36 scrips remained intact.
The ready market volume decreased by 8.64 per cent to 97.38 million shares as compared to 106.59 million shares traded on last trading day.
Sui Southern Gas Company topped the list of actives, higher by Rs 1.12 at Rs 35.25 on 8.79 million shares, followed by Japan Power Generation Limited increased by Rs 0.22 at Rs 1.50 on 7.61 million shares and K-Electric Limited improved by Rs 0.19 at Rs 5.53 on 5.91 million shares.
Other actives were TRG Pakistan Limited ascended by 0.85 at Rs 33.04 on 5.73 million shares and Sui Northern Gas Pipeline enhanced by Rs 3.61 at Rs 120.72 on 5.50 million shares.
Adnan Sami Sheikh at Topline Securities Limited said Though the index was off to an anxious start as market participants digested the over night detailed disclosure of the reserved judgment by the court. Investor sentiment however improved; taking account of possible reduction in political noise going forward. Sentiments also improved on expectations of strong volumetric monthly sales growth in key sectors and company specific development. They were further buoyed by comments of SBP Deputy Governor at an economic forum saying that auto, cement, electronic, and steel sectors are looking to expand their production capacities. Resultantly, market closed upbeat at 41,259, up 0.51%/210pts. Value rose 3% while volumes were down 9%. SNGP and SSGC were among the top volume leader today as investors are anticipating decision on RLNG pipeline III project in upcoming ECC meeting tomorrow.  Index point leaders were LUCK (+2.8%), SNGP (+3.1%), ISL (+4.7%), SEARL (+3.8%) & MTL (+2.4%) adding 109pts; while OGDC (-2.1%), PPL (-1.2%), KTML (-4.7%), ENGRO (-0.7%) & PKGS (-2.2%) withheld 100pts.
The overall market capitalization enhanced by Rs 35.39 billion to Rs 8.488 trillion against Rs 8.453 trillion observed on last trading day.
Colgate Palmolive Limited and Sanofi Aventis Limited the top gainer by Rs 110.00 and Rs 40.03 close at Rs 2,310.00 and Rs 1,616.70 respectively, while Khyber Tobacco Company Limited and Wyeth Pakistan Limited were the major losers which lost Rs 58.46 and Rs 41.50 to close at Rs 1,415.49 and Rs 1,598.50 respectively.

Countrywide strike likely by oil tankers from Monday2017/11/09

ISLAMABAD: All Pakistan Oil Tankers Association (APOTA) has announced to observe strike across the country from November 13, disrupting the countrywide fuel supply to filling stations.
According to APOTA chairman Yousuf Shahwani, Petroleum Division Pakistan and Oil and Gas Regulatory Authority (OGRA) were dragging their heels and not implementing a decision with regard to increase in transportation fares.
In a statement, Shahwani asserted that both parties had reached a decision that the transportation fares would be increased by 20 per cent from November 1, but the authorities were failed to implement the hike in fares.
He said the APOTA's 'just demands' were approved during several rounds of negotiations between members of APOTA and the OGRA earlier, but  an increase in freight fares is yet to be implemented.-NNI

Govt offers huge incentives to invest in Pakistan: PM2017/11/09
ISLAMABAD: Dr. Joseph Baumert, Member Volkswagen Board of Management, Wednesday called on Prime Minister Shahid Khaqan Abbasi at the Prime Minister's Office. 
Andreas Sprindler, Head of Overseas Production, Oliver Glaser, Head of Asia Pacific, Klaus - Bo Steindorff, International Policy Foreign and Governmental Relations and Yuri Konushin, Head of CKD, Syed Arshad, CEO Premier Systems Pvt Ltd ...

RIUJ condemns fresh wave of curbs on media in Balochistan2017/11/09
Special Correspondent

ISLAMABAD: The Rawalpindi Islamabad Union of Journalists (RIUJ) has condemned a fresh wave of curbs on media in Balochistan.
During a protest outside the National Press Club on the call of RIUJ, journalists from the twin cities chanted slogans against the closure of around 15 press clubs throughout the province ...

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