Stocks lose 404 points after four session streak

KARACHI: The stock market shattered the four-session gaining streak and relapsed to the negative territory. On Monday, the KSE-100 index lost 404.13 points (1.14 per cent) and closed at 35,168.82. It cleaned up minor gains of 68 points (0.19pc) that the index had built up the previous week as a result of the market’s oversold position. The market commenced in...

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Death toll from China quakes rises to 11

BEIJING/SHANGHAI: The death toll from two strong earthquakes in China rose to 11 on Tuesday, with 122 people injured, state media said, adding that rescuers pulled some survivors from rubble in a part of the country that often suffers strong tremors. The quakes, roughly 30 minutes apart, hit the southwestern province of Sichuan late on Monday, with shaking felt in...

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Detailed verdict of Zardari’s bail plea rejection issued by IHC

ISLAMABAD: The Islamabad High Court (IHC) on Tuesday has issued a seven-page detailed verdict on the bail plea of former president Asif Ali Zardari being rejected in the fake accounts case. The verdict states that the Supreme Court in the Avenfield case had set precedents for bail in cases of the National Accountability Bureau (NAB). The decision of the Supreme...

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