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The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 began another week on a low note, losing more than 5,400 points during intraday trade on Monday. The KSE-100 index declined 5,478.63 points, or 3.16 per cent, to stand at 167,691.08 points from the previous close of 173,169.71 points. The index reached its intraday high of 174,336.85 points at 9:38am — higher than its previous close — but then plunged to an intraday low of 166,886.63 points at around 1:24pm, before regaining some ground to 167,691 points by market close. The top active stocks were led by K-Electric Limited, falling 4.61pc to Rs7.66 with 36,062,769 shares traded; followed by Worldcall Telecom Limited, falling 4.35pc to Rs1.32 with a volume of 33,673,161; and Bank of Punjab, falling 8.63pc to Rs30.19 with a volume of 26,673,106. The top advancing stocks were led by Itanz Technologies Limited, rising 10.01pc to Rs13.96, followed by Kohinoor Industries Limited, rising 10.00pc to Rs50.60, and S.S. Oil Mills Limited, rising 10.00pc to Rs56...
Within hours of the killing of Mexican drug lord Nemesio Oseguera, better known as El Mencho, in a military raid on Sunday, gunmen suspected to be his supporters blocked highways across several states and set cars and businesses ablaze. In some towns, tourists and residents were urged to stay indoors, while truckers were advised to take safe routes or return to their depots until the violence abated. Several airlines, including Air Canada, United Airlines and Aeromexico, on Sunday cancelled flights to Puerto Vallarta, a beachside resort town where stunned tourists filmed plumes of smoke rising into the sky from fires. The burst of violence across more than half a dozen states painted a familiar scene for Mexicans who have spent two decades watching successive governments wage war on drug cartels, ravaging broad swaths of the country. A member of Oseguera’s Jalisco New Generation Cartel told Reuters that the blazes and sporadic gunfire were carried out in revenge for the government’s killing of Oseguera, and w...7911 items