KSE-100 Index slides 145 points
KARACHI: Pakistani stocks ended almost 1.4 percent, or 145 points lower on Monday following an unexpected increase in Pakistan”s key policy rate on Friday.
Pakistan”s central bank on Friday unexpectedly increased its key policy to 13 percent from 12.5 percent as inflation and fiscal weakness overshadowed improvement in the current account deficit and economic growth.
The KSE”s benchmark 100-share index, fell 1.38 percent, or 145.49 points, to end at 10,373.53 points on turnover of 79.51 million shares.
KSE-100 index sagged after the central bank increased its key policy rate, dealers said.
Dealers are looking to buy shares at lower levels in anticipation of expected profits for the quarter ending June30, she said.
Announcing the monetary policy for the next two months, the central bank”s acting governor Yaseen Anwar said a change in monetary policy was needed to reduce risks to economic stability.
MCB Bank is due to announce its results on Thursday and Pakistan Petroleum Ltd and Pakistan State Oil are scheduled to announce their results on Friday.
Google increas Share oF Web Search
December 4, 2009 by Trend PK
Filed under Technology
NEW YORK: Google increased its share of the US online search market in April while Yahoo! and Microsoft both lost ground, according to figures released by tracking firm comScore.
ComScore said that 64.2 percent of the searches conducted by Americans in April were at Google sites, up from 63.7 percent in March.
Yahoo!’s share of the search market slipped 0.1 percentage points in April to 20.4 percent while Microsoft saw its share fall by 0.1 percentage points to 8.2 percent.
Search engine Ask held steady at 3.8 percent while AOL saw its market share fall by 0.3 percentage points to 3.4 percent, comScore said.
The tracking firm said Americans conducted 14.8 billion searches in April, up three percent over March, with Google accounting for 9.5 billion searches, followed by Yahoo! with three billion and Microsoft with 1.2 billion.
Google increas Share oF Web Search was first posted on May 19, 2009 at 10:51 am.
Third Tranche Of IMF Loan Recieved By Pakistan
PAKISTAN, KARACHI: Pakistan has received $1.2 billion from the International Monetary Fund (IMF), the third tranche of an emergency loan facility agreed last year, the central bank said.
“We have received $1.2 billion from the IMF,” Syed Wasimuddin, spokesman of the State Bank of Pakistan said.
Last week, the IMF increased its loan to Pakistan to $11.3 billion under an economic programme first agreed in November, 2008, to avert a balance of payments crisis.
The IMF initially provided a $7.6 billion emergency loan package. The first tranche of $3.1 billion was disbursed in November when the agreement was signed, and a second tranche of $848 million was released in April.
