Bubble trouble? Bitcoin tops $11,000 after $1,000 surge in 12 hours
Bitcoin zoomed past $11,000 (£8,185.50) to hit a record high for the sixth day in a row on Wednesday...
Toyota showcases humanoid robot that mirrors user
Japanese auto giant Toyota Wednesday showcased a humanoid robot that can mirror its user’s movements, a product it says...
NBC sacks newsman Matt Lauer over alleged sexual misconduct
NBC said Wednesday it has fired Matt Lauer, a well-known morning news anchor, for what it described as inappropriate...
COAS meets British Prime Minister, military leadership
Chief of Army Staff (COAS) General Raheel Sharif on Wednesday met with British Prime Minister David Cameron and discussed issue of action against banned outfits, anti state operations from outside Pakistan and measures to stop terror financing from abroad. On a three days visit to United Kingdom (UK) COAS General Raheel... Read more
Interior Ministry bans operations of IMap in Pakistan
The Interior Ministry on Wednesday has issued directives to ban  IMap for anti-Pakistan activities. According to the sources Dunya News, the ministry has issued directives to close down the offices of IMap in the country for its anti-Pakistan activities. Moreover, all the Inspector Generals (IGs) and authorities concerned have been instructed by the ministry to... Read more
130 arrested in Punjab for hate speech
The Punjab government has taken a lead in implementing the National Action Plan (NAP) to eliminate terrorism in the province. According to details, Punjab Police have arrested a large number of accused involved in misusing loudspeakers, making provocative speeches and possessing hate material. The Punjab Police had made all... Read more
PCB retains suspended Ajmal in central contracts
Pakistan cricket authorities on Wednesday retained the suspended spinner Saeed Ajmal while also adding the newcomers fast bowler Sohail Khan and the leggie Yasir Shah in their list of central contracts. The 37-year-old Ajmal is under suspension for illegal bowling action since September last year and will appear in... Read more
Punjab Govt setups three military courts
The Punjab government has decided to set up three Military Courts on Wednesday. According to sources, Military Courts will be established in cantonment areas and the location will be kept secret.Lawyers and witnesses will be escorted to the courts by the security teams. While talking to media, Punjab Education Minister... Read more
Paris Carnage: Al-Qaeda in Yemen claims responsibility
Al Qaeda in Yemen has claimed responsibility for the attack on Charlie Hebdo in a video posted online, saying it was “vengeance” for the French weekly’s cartoons of the Prophet Mohammed. Nasser al-Ansi, one of the chiefs of Al Qaeda in the Arabian Peninsula (AQAP), said the attack was... Read more
Pakistan World Cup squad to undergo counselling sessions
The World Cup-bound cricketers of Pakistan will have two counselling sessions with a well-known sports psychologist before leaving next week for New Zealand, NDTV Sports reported yesterday. An official in the Pakistan Cricket Board (PCB) told PTI that sports psychologist Babri will hold two separate sessions with the players... Read more
Hera Pheri III to star Abhishek and John Abraham as well
After the resounding success of Hera Pheri and its sequel Phir Hera Pheri, the makers are set to start Hera Pheri 3 with Abhishek Bachchan and John Abraham in the lead. According to Abhishek the first movie brought forth a new uplifting comedy for Bollywood when it was released... Read more
Posting selfies linked to Psychopathic behavior amongst men
Crowned as the ‘word of the year’ in 2013, studies were carried out in recent times to find out the correlation between ‘selfies’ and social behaviour. Recent research revealed that posting selfies on any social media portal can be linked with antisocial characteristics, the Chicago Tribune reported. A study... Read more
Bearish trend at KSE

Bearish trend at KSE

Business January 14, 2015 0

Mixed sentiments meant the index closed marginally negative after volatile trading with KSE-100 index dipping by as much as 250 points intraday. At close, the Karachi Stock Exchange (KSE) benchmark 100-share index fell 0.14% or 46.91 points to end at 33,371.29. Trade volumes rose to 279 million shares compared... Read more
Federal govt. to stop supplying 650MWs of electricity to Karachi
Minister of State for Water and Power Abid Sher Ali has declared that the government will not extend the existing power purchase agreement with K-Electric as the prime minister has called for a review of the arrangement and engaging in consultations with the Sindh government. Talking to media after... Read more
Power generation: Govt. to curtail furnace oil production
In a new policy, the government has decided to curtail oil consumption in electricity production and produce about 21,000 megawatts with the help of coal, gas, wind and liquefied natural gas (LNG) in an effort to achieve a better fuel mix, ease pressure on foreign currency reserves and reduce... Read more
Peshawar School Attack: Civil society to hold world wide protests against terror
Members of civil society are all set to hold a press conference today to announce worldwide protests against terrorism on January 16 to mark the one month anniversary of the devastating Peshawar attack. The protests will also be held in solidarity with the victims of the Tehreek-e-Taliban Pakistan’s massacre... Read more
Reham’s ex husband vehemently denies domestic Violence charge
Dr Ijaz Rehman, Reham Han’s ex husband vehemently rejected the allegations made by Imran Khan’s new wife Reham and said he has never hit anyone, and have never been involved in any kind of domestic violence in any shape or form. Reham Khan earlier alleged that she was subjected to... Read more