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Saudi Arabia wants to invest in CPEC

ISLAMABAD: The Kingdom of Saudi Arabia is looking forward to investing in the multi-billion dollar China Pakistan Economic Corridor (CPEC) and Gwadar port projects,” Saudi ambassador to Pakistan Nawaf Said Ahmad Al-Malkiy said on Wednesday.

During an interview, Malkiy said CPEC was a huge project and would create many investment opportunities.

“Pakistan and Saudi Arabia are cooperating in military, economic and other sectors and their cooperation will increase further in the future,” the envoy said.

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PSX: Marred by political ambiguity the bourse experiences low-key activity today!  

SANA MAHMOOD

KARACHI: The prevailing vagueness in the economic as well as political scenario of the country forced PSX fall flat closing at 42,750 points on the week’s last trading day.

Rs. 5.45b worth of 132m shares changed hands, with value of the shares of 167 companies augmenting, 170 plummeting and 26 remaining stagnant.

Technology, Power and Textile sectors dominated the bourse with trading of 24.4m, 12.5m and 11.7m shares today.

Top five leading handlers of shares on the last trading day of the week were: WorldCall Telecom, 17.6m shares (+2.62pc); Engro Polymer, 8.9m shares (+3.03pc); K-Electric Ltd., 6.8m shares (+0.48pc); Dewan Motors, 6.4m shares (+4.82pc); Bank of Punjab, 6.3m shares (-1.87pc).

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PSX: Raid at Dar’s house & Model Town Report let bears bleed the bourse red!

SANA MAHMOOD

KARACHI: News that last night NAB personnel raided the house of Federal Finance Minister Ishaq Dar armed with an arrest warrant forced bulls leave the bourse after many sessions.

Court’s orders to make the judicial report of Model Town carnage public too allowed the bears growl forcing KSE-100 Index close at 42,800 today post shedding 572 points.

Today Rs. 8.7b worth of 165.7m stocks changed hands. The value of the shares of 253 companies plummeted, 94 augmented while 33 remained unchanged.  

Technology, Power Generation and Gas Sectors led the trade today with 18.9m, 15.1m and 15m shares.

Today’s top five traders of the shares were K-Electric Ltd., 12.5m shares (+1.30pc); Sui Southern Gas 11.2m shares (-0.18pc); Engro Polymer, 9.9m shares (+1.66pc); WorldCall Telecom, 8.6m shares (+1.78pc); TRG Pak Ltd., 8.3m shares (-4.44pc).

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European consortium Airbus inaugurates first completion/delivery center in China

MMA

TIANJIN: European consortium Airbus has inaugurated a $240m completion center here that will be receiving large bodied aircraft A330s from France.

 

 

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