Tag: Tension

Political tension keeps KSE sagging

KARACHI - The local bourse saw another day of lackluster activity triggered by mounting political uncertainty on the local and international front. Investors were wary to invest and traded, as PML-N's agenda implementation deadline neared the finish line.
Furthermore, US-Pak diplomatic ties remained on a brink following the recent diplomatic row of Raymond Davis, while deteriorating situation in the Middle East spurred fear of foreign selling. News, over the weekend, regarding

KSE edgy amid Pak-US tension

KARACHI - Investors preferred to remain sidelined amid growing diplomatic tensions between Pakistan and the US government. The local bourse moved both ways as the benchmark index closed after shedding merely 17 points. Jolt to US-Pakistan ties after the arrest of American citizen and ensuing complications further worsened political uncertainties.
The KSE-100 index dwindled 16.51 points and closed at 12,061.77 points, while total volume and total value stood at 38,615,653 and

Diplomatic tension knocks KSE from top of ratings list

KARACHI - The prevailing diplomatic discord between Pakistan and its strategic partners in the United States over the arrest and the claimed immunity of Raymond Davis has begun to reflect adversely on daily share trading at the local bourses. The Karachi Stock Exchange's (KSE) Progress Report for 2006-2011 reveals that the position of KSE on February 11 had been pulled down to fifth among the top 12 international stock market indices owing primarily to, what the KSE officials said,

Egypt, US swap barbs as tension mounts

WASHINGTON - A top Egyptian minister has accused the United States of imposing its "will" on its Arab ally, as the White House warned that Cairo had failed to even reach a "minimum threshold" for reform. Egyptian Foreign Minister Ahmed Abul Gheit lashed out in a television interview on a day when Washington took a critical line towards Egyptian Vice President Omar Suleiman, who is in charge of a dialogue with opposition groups.
Amid warnings by the Egyptian government of a

Rival Koreas gear up for talks this week to ease tension

SEOUL - North and South Korean military officers will meet this week at a truce village on their heavily fortified border in a test of a pledge by the North to ease tension after a major security crisis last year. Regional powers have nudged the rivals to defuse the crisis and restart international talks over the North's nuclear programme. The two Koreas are still technically at war because an armistice not a treaty ended the 1950-53 Korean War.
The meeting will be the first

Karachi Stock Exchange stagnant as tension on GST bill mounts

KARACHI: Pakistani stocks ended almost flat on Tuesday in dull trade as investors were cautious, awaiting clarification on the implementation of a reformed general sales tax under an IMF loan programme, dealers said. The Karachi Stock Exchange's benchmark 100-share index ended 0.08 percent, or 9.06 points, lower at 11,431.01. Turnover fell to 118.3 million shares, compared to 170.5 million shares traded on Monday.
"Investors are cautious as they are waiting to see the outcome of

Hu tells Obama Korea tension could go out of control

BEIJING/SEOUL: Chinese President Hu Jintao on Monday warned US President Barack Obama that tensions on the Korean peninsula could spiral out of control if not dealt with properly, their first discussion on the issue since the North shelled the South nearly two weeks ago.
Analysts said Hu's comments showed a greater sense of urgency in the Chinese leadership over the mounting tension and also an attempt to avoid to the perception that Beijing is siding with its ally Pyongyang to