Connect with us

Business

SDPI enters club of top 100 global index

Published

on

ISLAMABAD: Sustainable Development Policy Institute (SDPI) has entered 100 top think tanks’ global club with its ranking on 15th in the index in Asia and the Pacific. It is declared 38th as World’s top trans-disciplinary research think tank and on the similar ranking in Best Quality Assurance and Integrity Policies and Procedures category, said an SDPI press release.

According to the 2015 Global Go To Think Tank Index, the ranking is done among 6486 Think Tank (TT) globally nominated by eminent experts, policy makers, and public thought leaders, said a news release issued here on Monday.

TT and civil society programme of University of Pennsylvania on an annual basis has been doing the ranking since 2008. The report was launched in Washington, DC, (World Bank and Wilson Center), Philadelphia (University of Pennsylvania) and in New York (United Nations).

The index ranks Brookings Institution (US) as world’s TOP TT. Among non US Think Tanks Chatham House is World’s TOP TT while SDPI has been ranked 38th as World’s Top Trans-disciplinary Research TT.

Woodrow Wilson International Center for Scholars (US); RAND Corporation (US); Brookings Institution (US); Chatham House (UK) and Council on Foreign Relations (CFR) (US) are the top five TTs in this category.

SDPI has been placed 65th as World’s Top Environment Policy TT. World Resources Institute (US); Stockholm Environment Institute (Sweden); Worldwatch Institute (US); Brookings Institution (US); and Center for Climate and Energy Solutions (US) are the top five TTs in this category.

Source:APP

Comments

Business

PSX: Bears seen growling in the bourse!

Published

on

KARACHI: Benchmark KSE-100 Index closed in the red (42,074) shedding 462 points. Rs. 3.7b worth of 109.7m shares changed hands today. Value of the shares of 202 companies plummeted, 81 augmented while 20 remained stagnant.

Investment Banks, Technology Electronic Goods Sectors led the trade today with 13m and 12.2m shares respectively.

Today’s top five traders of shares were: Pakistan Elektron Ltd., 11.5m shares (-4.69pc); First Dawood Investment Bank Ltd.,  10.6m shares (+6.30pc); TRG Pakistan Ltd., 7.7m shares (-4.77pc); Bank Of Punjab: 6.9m shares (-0.42pc); K-Electric Ltd., 6.6m shares (-2.64pc).

Comments
Continue Reading

Business

European equities rise at open

Published

on

Tokyo stocks rise

LONDON:  European equities rise at open, European stocks advanced at the open today, rebounding from the previous day’s losses that were sparked by US President Donald Trump’s decision to axe a summit with North Korea.

In initial London deals, the British capital’s benchmark FTSE 100 index of major blue-chip companies rose nearly 0.4 percent at 7,744.40 points. In the eurozone, the Paris CAC 40 added 0.4 percent to 5,570.73 points, compared with the closing level on Thursday.

Frankfurt’s DAX 30 index gained almost 0.5 percent to 12,917.15 points. However, Asian markets mostly fell one day after Trump shocked the world by pulling out of next month’s historic summit with North Korea leader Kim Jong Un. Nevertheless, the losses were tempered by hopes the talks can be rekindled, according to analysts.

Relevant piece: Tokyo stocks see limited gains, Stocks here closed slightly higher on bargain-buying today but gains were capped by concern about Donald Trump’s decision to pull out of next month’s summit with North Korean leader Kim Jong Un.

The Nikkei 225 inched up 0.06 percent, or 13.78 points, to 22,450.79 but was down 2.09 percent over the week. The broader Topix index slipped 0.22 percent or 3.95 points to 1,771.70, logging a weekly drop of 2.40 percent.

“Geopolitics is well and truly back” with Trump’s announcement, said David de Garis, director of economics and markets at National Australia Bank. Trump left the door open for a summit at a later date but has set “the bar higher” by demanding North Korea take constructive steps to denuclearization, he said.

The sentiment was also soured by worries that that Trump could impose tariffs of 25 percent on car imports after his commerce secretary called for a probe into the auto industry on national security grounds.

However, Yoshihiro Ito, chief strategist at Okasan Online Securities said in a commentary: “After selling ran its course, buying on dips underpinned the market.” The dollar was trading at 109.42 yen, compared with 109.30 yen in New York Thursday.

Comments
Continue Reading

Business

PSX: Political noise lets bear attack the bourse!

Published

on

second trading day, PSX, Pakistan Stock Exchange

KARACHI: Benchmark KSE-100 Index closed in the red (42,536) losing 236 points due to political noise in the country.

Rs. 4.7b worth of 127m shares changed hands on the week’s 4th trading day. Value of the shares of 184 companies plummeted, 112 augmented while 29 remained stagnant.

With 29.83m shares changing hands Commercial Banking Sector led the trade today. Top five traders of shares were: Faysal Bank Ltd., 11.9m shares (+2.96pc); First Dawood Investment Bank Ltd., 10.98m shares (+14.42pc);

Bank Of Punjab, 10.86m shares (+0.25pc); Unity Foods Ltd.,  7.84m shares (+4.94pc); Pakistan Elektron Ltd., 6.47m shares (-3.07pc).

Comments
Continue Reading

News Pakistan Trending