Karachi Stock Exchange (KSE) board introduced circuit-breakers on the basis of 30-index, Geo News reported Tuesday.
According to a press released issued on the official web site of KSE, the KSE board has approved in principal the introduction of Index Based Market Halts (based on KSE 30-share index) and widening of the scrip level circuit breakers.
The notice also mentioned that to facilitate a better understanding on the above-mentioned subject and explain the modalities to introduce the halts, a detailed presentation will be held for the members today (Tuesday) in the KSE premises.
However, senior member and director on board of KSE Yaseen Lakhani refuted that any such approval has been given and the board would consider it on its next meeting scheduled to be held today.
“This is wrong to announce before the approval of introduction of market halts and scrip circuit breakers,” Lakhani said and added that it was informally discussed few days back that does not mean that the board gave approval on these issues.
The presentation will highlight the difference between scrap-level circuit-breakers and halt based on index, the disadvantages of the international practice; however, the difference would be underscored between the old and new methods of receiving margin from member clients.
The presentation would be organized on Thursday (September 10) by the KSE where all the KSE members have been invited to attend
Wednesday, September 9, 2009
Fitch downgrades four Pakistan banks
Fitch Ratings affirmed and simultaneously withdrawn the ratings of the four Pakistani banks here Monday mainly owing to limited investor interest.
As per Fitch press statement issued here, the four banks include National Bank of Pakistan (NBP), MCB Bank Limited (MCB), Habib Bank Limited (HBL), and United Bank Limited (UBL) to Individual D, Support 5, Individual D, Support 5, Individual D/E, Support 5, and Individual D/E, Support 5 respectively.
The statement further stated that these banks face significant asset quality challenges over the medium-term which may exert downward pressure on their Individual ratings. However, it added, their reasonable profitability and capitalisation currently protects this downside.
The Support ratings for all these banks are at '5', which is the lowest possible of Fitch's Support rating scale due to the Pakistan sovereign's weak fiscal position, it pointed out.
The statement went on to say that the Fitch will no longer provide ratings or analytical coverage of the abovementioned banks.
As per Fitch press statement issued here, the four banks include National Bank of Pakistan (NBP), MCB Bank Limited (MCB), Habib Bank Limited (HBL), and United Bank Limited (UBL) to Individual D, Support 5, Individual D, Support 5, Individual D/E, Support 5, and Individual D/E, Support 5 respectively.
The statement further stated that these banks face significant asset quality challenges over the medium-term which may exert downward pressure on their Individual ratings. However, it added, their reasonable profitability and capitalisation currently protects this downside.
The Support ratings for all these banks are at '5', which is the lowest possible of Fitch's Support rating scale due to the Pakistan sovereign's weak fiscal position, it pointed out.
The statement went on to say that the Fitch will no longer provide ratings or analytical coverage of the abovementioned banks.
KSE bull runs jump over 9,000 barriers
KARACHI: Karachi Stock Exchange (KSE), after two consecutive days of nominal corrections, once again crossed over the 9000 psychological barriers.
The market today opened with 38 points plus undaunted by the last two days of some profit taking due to over buying and later this pace accelerated with the local and foreign purchasers’ buying spree, which saw the index once again breaching 9000 psychological barriers.
Oil and gas, cement, banking fertilizer and textile sectors’ shares remained attractive today, which hitting fours and sixes breached the 9000 marks. Analysts believed that the trading could further pick up due to the foreign investors’ interest in the stock market.
The market today opened with 38 points plus undaunted by the last two days of some profit taking due to over buying and later this pace accelerated with the local and foreign purchasers’ buying spree, which saw the index once again breaching 9000 psychological barriers.
Oil and gas, cement, banking fertilizer and textile sectors’ shares remained attractive today, which hitting fours and sixes breached the 9000 marks. Analysts believed that the trading could further pick up due to the foreign investors’ interest in the stock market.
FOREX History
On FOREX markets buying and selling currency is made on a speculative basis by most traders. It is the same like stock market, when traders buy (stocks) currencies holding to get stronger and sell when will get weaker. Most of this trading is doing by investment companies, hedge fund, banks and brokerages. In last couple years the currency trading became open for individual investor with small financial steak. Companies use the currency market for purchasing some amount of foreign currency for there obligations and commitments with other international companies.
The short retrospective for foreign exchange market life will be:
Currency markets were relatively quite until World War 1. Speculation ever made was unknown and was with negative sentiment by institutions. After war ending foreign exchange markets became volatile and shows the first signs of speculative activity, but any further changes and progress was interrupt with great depression. The forex markets were quiet and stable during World War II, when the market started with many important changes and improvements.A Guide For The Forex
For the Forex currency trading beginner a trade can be a little confusing until you break it down and come to grips with some of the trading terminology.
The purpose of any Forex trade is to swap one currency for another in the belief that the market will move and prices change such that the currency that you buy rises in value in relation to the currency which you sell.
The first important point is that each trade involves two currencies - the currency which you buy and the currency you sell. This gives us our first two important trading terms - the long position and the short position.
You take a long position when you buy a currency in the belief that it will rise in value and that you will able to sell at a profit.
If you sell a currency in the belief that it will fall in value you take a short position and hope to make a profit by buying it back again once the price has fallen.
The next important concept is that of the open and closed position. When you take a long position and buy a currency in the expectation that it will rise in value you open a position. When you later sell that currency to take you profit you close the position. The same is true when you take a short position and open that position by selling a currency in the expectation that it will fall in price and later close the position when you buy the currency back at the lower price.
Note: How does day trading work? You will often hear the term ‘day trading’ used and this confuses a lot of newcomers to the world of investing. When applied to forex trading, day trading simply means short-term trading effected by opening and closing trading positions within the same trading day, rather than running a trade over an extended period of time.
Cancer-Handy Facts
One in three of us will be diagnosed with cancer during our life.
The disease tends to affect older people - but can strike at any time.
Excluding certain skin cancers, there were almost 290,000 new cases of the disease in 2005.
Some cancer, such as breast, are becoming more common, while new cases of lung cancer are expected to fall away due to the drop in the number of smokers.
However, while the overall number of new cancers is not falling, the good news is that successful treatment rates for many of the most common types are improving rapidly.
BBC News has produced, in conjunction with Cancer Research UK, a guide to some of the most common forms of cancer and the treatments used to tackle them.
Save on Auto Insurance in a Bad Economy
Are you running out of money because of the downturn in the economy? If so, you need to make sure that you save as much as you can on recurring expenses. This is particularly true when it comes to your auto insurance policy. Fortunately, there are ways that you can save on this expense if you know what you are doing. It may mean that you have to make some changes, but this is not necessarily a bad thing. Change can be good if you know what you are doing.
Is your auto insurance company charging you too much for coverage? If you answered yes to this question you need to consider if making a change would save you any money. You can do this by receiving quotes from other companies. Soon enough you will realize that your company is either offering a good deal or they are charging you too much. If you can change providers and save money, go for it.
You can also save money by doing away with particular coverage levels. For instance, why do you need a $250 deductible? By increasing this to $500 or more you can definitely lower the cost of your auto insurance policy. For most consumers this is the easiest way to cut costs.
There are many ways to save money in a bad economy. You don't necessarily have to turn to change your auto insurance, but this is definitely a good way to find more money in your pocket at the end of the month. Start off by receiving quotes from other companies, and then move onto considering your coverage. Both of these changes will allow you to realize that saving money on auto insurance is possible; even if the economy is making it difficult.
What Is Malignant Mesothelioma Cancer????
There are several varieties of mesothelioma cancer, however, malignant mesothelioma is considered one of the most lethal. It has been determined that malignant mesothelioma victims often have a median survival of only a few months in both untreated and treated cases, according to the study." Malignant mesothelioma is a rare cancer with malignant cancer cells forming on the sac lining of the chest or abdomen, according to the National Cancer Institute (NCI). It is often associated with exposure to airborne asbestos particles and fibers, which increases the risk of malignant mesothelioma developing in an individual.
Signs and Symptoms of Malignant Mesothelioma
Malignant mesothelioma is often marked by several symptoms including lumps in abdomen, weight loss, pain or swelling in the abdomen, pain under the rib cage and difficulties breathing. The cancer can also often cause fluid retention in the abdomen or around the lungs. The cancer often has symptoms similar to other conditions making misdiagnosis of the condition common.
Medical professionals have even admitted that malignant mesothelioma and lung cancer are very similar and differentiating between the two is difficult, however, there is an array of tests that physicians can use to increase the potential for a more accurate diagnosis. Tests for diagnosis may include the patient enduring physical exams, chest x-rays, biopsy of body tissues, getting a complete blood count (CBC), cytologic exam, which is an exam of cells under a microscope, or a bronchoscopy procedure where a bronchoscope is inserted into the nose or mouth for a better view of airways.
Diagnosing and Treating Malignant Mesothelioma
While treatments for mesothelioma are rare in and of themselves, it becomes increasingly difficult to treat malignant mesothelioma because of the severity of the condition. Factoring in the best method of treatment often depends on several factors. The following is a detailed list of these factors, according to the NCI:
* The stage of cancer, which includes stage I or localized malignant mesothelioma or advanced malignant mesothelioma that includes stage II, stage III and stage IV.
* The size of a tumor.
* Potential for tumor removal through a surgical procedure.
* The amount of fluid gathered in the chest or abdomen.
* A victim's age, physical health and previous health issues.
* Type of mesothelioma cancer.
* Whether a cancer is diagnosed as reoccurring or not.
Often, cancer may spread through the lymph system, blood stream or other bodily tissues.
Treatments for malignant mesothelioma can range from surgery to therapy, including chemotherapy and biological therapy to clinical trials, although the outcome is based on the progression of the cancer and most often, individuals are not aware of their condition until it reaches an advanced and, usually, an untreatable stage.
Signs and Symptoms of Malignant Mesothelioma
Malignant mesothelioma is often marked by several symptoms including lumps in abdomen, weight loss, pain or swelling in the abdomen, pain under the rib cage and difficulties breathing. The cancer can also often cause fluid retention in the abdomen or around the lungs. The cancer often has symptoms similar to other conditions making misdiagnosis of the condition common.
Medical professionals have even admitted that malignant mesothelioma and lung cancer are very similar and differentiating between the two is difficult, however, there is an array of tests that physicians can use to increase the potential for a more accurate diagnosis. Tests for diagnosis may include the patient enduring physical exams, chest x-rays, biopsy of body tissues, getting a complete blood count (CBC), cytologic exam, which is an exam of cells under a microscope, or a bronchoscopy procedure where a bronchoscope is inserted into the nose or mouth for a better view of airways.
Diagnosing and Treating Malignant Mesothelioma
While treatments for mesothelioma are rare in and of themselves, it becomes increasingly difficult to treat malignant mesothelioma because of the severity of the condition. Factoring in the best method of treatment often depends on several factors. The following is a detailed list of these factors, according to the NCI:
* The stage of cancer, which includes stage I or localized malignant mesothelioma or advanced malignant mesothelioma that includes stage II, stage III and stage IV.
* The size of a tumor.
* Potential for tumor removal through a surgical procedure.
* The amount of fluid gathered in the chest or abdomen.
* A victim's age, physical health and previous health issues.
* Type of mesothelioma cancer.
* Whether a cancer is diagnosed as reoccurring or not.
Often, cancer may spread through the lymph system, blood stream or other bodily tissues.
Treatments for malignant mesothelioma can range from surgery to therapy, including chemotherapy and biological therapy to clinical trials, although the outcome is based on the progression of the cancer and most often, individuals are not aware of their condition until it reaches an advanced and, usually, an untreatable stage.
Search Engine Optimization
Are these questions running on your mind to get more hits on your website/blog? Then just go on and read this hub. It is for you. :)
Tried all Search Engine Optimization software and ended up with nothing else than ZERO-Pocket money! Do you belong to this category? This is the case with most of us. I have read a lot of books on SEO and tried many SEO Software. All that they have to tell you is some basic concepts of SEO. Yes I lost some hundred dollars buying SEO software that promised ‘TOP 5 GOOGLE RANKING in 5 Days’, ‘1 Million Hits a Day’ etc. I feel I wasted a lot of money to get the same piece of information. I would like to share some of those tips that really helped be to bring some traffic to my websites and blogs. After reading some SEO books and trying SEO software what I feel is that only Google can get you a Top Ranking. Yes Only Google, I mean only search engines. If you have Quality original content then to get a top ranking, that is top position in search engine, all you have to do is little bit of home work. If you have good content then your home work is 75% done. Then there are some BASICs that you should follow. Always remember SEO rules keeps changing but basics remain same.
SEO plays vital role when you don’t Quality content or when you are having an article/content that has high competition in market. Basically there are two types of Optimizations
How to Build a Website
Do you want to show yourself online? Do you want to start a business online
? One necessary thing for you to do is to build a web site for yourself or for your business. How to build a web site?
First, you need to collect all the materials needed for your web site. Photos, written materials, etc., all of the things that you think it is useful for your web site, including music, video.
Next, you need to make the things into groups, and make them according to the postion of the web pages.
Also, you need to buy a domain name for your web site, as well as a web space. The domain name is like your name, which is “called” (visited) by the others who are surfing the web site. For example, if you want to sell books online, you need to use a domain name related to books, such as mybookstore.com. The web space is the room for your web site.
Do you want to show yourself online? Do you want to start a business online
? One necessary thing for you to do is to build a web site for yourself or for your business. How to build a web site?
First, you need to collect all the materials needed for your web site. Photos, written materials, etc., all of the things that you think it is useful for your web site, including music, video.
Next, you need to make the things into groups, and make them according to the postion of the web pages.
Also, you need to buy a domain name for your web site, as well as a web space. The domain name is like your name, which is “called” (visited) by the others who are surfing the web site. For example, if you want to sell books online, you need to use a domain name related to books, such as mybookstore.com. The web space is the room for your web site.
? One necessary thing for you to do is to build a web site for yourself or for your business. How to build a web site?
First, you need to collect all the materials needed for your web site. Photos, written materials, etc., all of the things that you think it is useful for your web site, including music, video.
Next, you need to make the things into groups, and make them according to the postion of the web pages.
Also, you need to buy a domain name for your web site, as well as a web space. The domain name is like your name, which is “called” (visited) by the others who are surfing the web site. For example, if you want to sell books online, you need to use a domain name related to books, such as mybookstore.com. The web space is the room for your web site.
Do you want to show yourself online? Do you want to start a business online
? One necessary thing for you to do is to build a web site for yourself or for your business. How to build a web site?
First, you need to collect all the materials needed for your web site. Photos, written materials, etc., all of the things that you think it is useful for your web site, including music, video.
Next, you need to make the things into groups, and make them according to the postion of the web pages.
Also, you need to buy a domain name for your web site, as well as a web space. The domain name is like your name, which is “called” (visited) by the others who are surfing the web site. For example, if you want to sell books online, you need to use a domain name related to books, such as mybookstore.com. The web space is the room for your web site.
Evolution/Origin of Banking
Banking
mankind has always been seeking security and protection.This need has led him to scientific and tecological development on one hand and banking development on the other.
In modern times the banking has become so necessary that if is excluded from any economic system the whole business and economic world will collapse like house of cards
In this banking development the services of three groups of persons cannot be ignored
1.Money Lender
2.Merchants
3. Glod smiths
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