KSE 100-share index gains 219 points

KARACHI: The new year bull-run was further extended on the share market on Tuesday as investors were not inclined to miss the benefits of a weakening rupee and rise in oil prices and made strong covering purchases on the oil and banking counters.
 
Analyst Hasnain Asghar Ali said the addition of 219.53 points or 2.33 per cent in the benchmark KSE 100-share index at 9,657.38 and Rs60bn in the market capital suggested that both the local and foreign investors now mean business ignoring the fallout of higher oil prices and weak rupee on the economy.

Emaar shares plunge as UAE markets take fresh tumble

Tuesday, December 08, 2009
DUBAI: Shares in Dubai’s giant property developer Emaar dropped the maximum-allowed 10 per cent on Monday as stocks in the United Arab Emirates took a fresh tumble over Dubai’s debt woes.

The Dubai exchange slumped 5.84 per cent and Abu Dhabi’s market dropped 1.68 per cent, after both on Sunday had recovered some of the heavy losses they sustained last week. Emaar, developer of the world’s tallest building, Burj Dubai, led the downward charge on the Dubai Financial Market.