KSE: Future trading interests up by 71%

At the weekend, the interest rates for future trading have gone up by 71 percent in the Karachi Stock Exchange (KSE), Dunya News reported on Sunday.
The open interest of the future counter increased by 660.46 million dollars to reach 1.60 billion dollars. The future spread has also augmented by 14 basic points to reach 2.9 percent. The total trade volume remained 4.6 million shares after an increase of 91 percent from Monday till Friday.
Agreements of Nishat Mills, PSO, Pakistan Oil Fields, ENGRO and MCB remained prominent. The aggregate share of these companies remained 54 percent in the overall trade volume.

Space station cooling system shuts down

CAPE CANAVERAL: Half of the International Space Station’s cooling system suddenly shut down during the weekend, forcing the astronauts to power down equipment and flight controllers to consider urgent spacewalking repairs.

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Space station cooling system shuts down

Inception trumps Salt with $43.5M weekend

LOS ANGELES: Leonardo DiCaprio’s Inception has won a battle of superstar action thrillers over Angelina Jolie’s Salt at the weekend box office.

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Inception trumps Salt with $43.5M weekend

US Ambassador meets Gen Kayani

RAWALPINDI: US envoy in Islamabad Ann W Patterson has held a detailed meeting with Pakistan Army Chief Gen.

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US Ambassador meets Gen Kayani

Bilawal Bhutto will be next PM, says Babar Awan

GUJRANWALA: Federal Minister of Law Babar Awan ha said Bilawal Bhutto Zardari will be the elected prime minister after the next general election.

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Bilawal Bhutto will be next PM, says Babar Awan

KOHAT: Explosion rocks Khawasi Banda

KOHAT: Several persons feared killed in an explosion in Khawasi Banda near here.

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KOHAT: Explosion rocks Khawasi Banda

Despicable Me leads North American box office

LOS ANGELES: Despicable Me, a new 3D cartoon featuring the voice of Steve Carell as a bumbling super-villain, stole the top spot at the weekend box office in North America on Sunday, signaling the entry of a pair of new rivals for Pixar and DreamWorks Animation.

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Despicable Me leads North American box office

Britain to hand control of Afghan area to US forces: Reports

LONDON: British troops will withdraw from the Sangin area of southern Afghanistan, handing control to US forces which have increased in number due to the American surge strategy, reports said.

Britain”s servicemen would be pulled out of the volatile district in the north of Helmand province, which has seen many British fatalities, British media reported without citing sources.

It is understood the withdrawal of British troops, which number around 1,000 in Sangin, would not begin for several months.

The decision came as President Barack Obama”s surge pumps more US forces into Helmand, with the number of United States marines there now numbering 20,000.

It also followed Britain handing over command in Helmand to an American general last month.

Sangin is the latest part of the province to be handed over from British to American control.

Around one third of the 312 deaths of British servicemen in Afghanistan since operations began in October 2001 have occurred in Sangin.

India to take up terror issue with Pak: Krishna

MUMBAI: Indian External Affairs Minister S.M. Krishna on Tuesday said India would raise the issue of terror and action against the accused of 26/11 attacks during his upcoming visit to Islamabad.

“We would like to talk to Pakistan on a number of concerns… but the primary concern would continue to be the terrorism. I will continue to talk about terror… about Mumbai attacks and also find out that at what stage is the trial of the accused of 26/11 is,” he said while returning from his five-day visit to Mauritius, Mozambique and Seychelles.

“After the visits of Indian Home Minister and Foreign Secretary to Islamabad, both countries have a better understanding of each other’s perception,” he said, adding there was a need to “reduce the trust deficit that seems to have mounted over a period of time”.

The meetings between the two Prime Ministers have created an atmosphere where we can talk with Pakistan without any inhibitions, he added.

Britain, China agree need for deficit cuts

TORONTO: Britain and China agreed on the need for fiscal consolidation to shore up the global economic recovery, Downing Street said Saturday, after the two nations’ leaders met ahead of a G20 summit.

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Britain, China agree need for deficit cuts

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