Friday, September 03 2010

RBS: Hundreds of bank jobs to go in Leeds, Harrogate and Bradford UPDATED
The Royal Bank of Scotland is shedding 280 jobs at its Leeds centre by the end of this year. And over 500 jobs will be phased out in Harrogate in 2011-2. A centre in Bradford will also close next year.
Related news categories: comm-banks

KSE down again as volumes shrink 36 per cent
The Karachi stock market closed in the negative on Wednesday as equities failed to sustain the gains witnessed on Tuesday. The inconclusive result of the meeting between the Securities and Exchange Commission of Pakistan (SECP) and the Karachi Stock Exchange (KSE) coupled with revised estimates of damage caused by the floods forced investors to remain cautious. Pakistan equities lost some of yesterday’s gains as the meeting between the regulator and brokers ended on an inconclusive note while the market had bet on a concrete announcement,” according to Sibtain Mustafa from Elixir Securities.
Related news categories: kse stock-exchanges

World Bank boosts flood support to $1b
The World Bank has increased funding to help Pakistan cope with catastrophic flooding by $100 million, to a total of $1 billion, the bank said in a statement on Thursday. The World Bank is committed to helping the people of Pakistan during this time of need and has made $1 billion available to finance immediate recovery needs and longer-term reconstruction,” the statement quoted World Bank President Robert Zoellick as telling Pakistani Finance Minister Hafeez Shaikh in Washington.
Related news categories: economic-indicators

Foreign interest in blue chips takes Karachi stocks 28 pts up
The Karachi stock market closed in the positive zone on Thursday as foreign investors took interest in oil and gas, energy and cement sectors on strong valuations ahead of major construction efforts to rebuild the flood-hits regions of the country.
Related news categories: kse stock-exchanges

ISE gains 4.46 points
The Islamabad stock market witnessed a firm trading session on Thursday as the ISE 10-share index was up by 4.46 points to close at 2,516.63 points from its previous level of 2,512.17 points. Of the total 133 participant companies, 85 climbed upward and 48 turned negative. Total turnover increased to 0.085 million shares from 0.076 million shares at the opening of the day, showing a difference of 0.008 million shares.
Related news categories: ise stock-exchanges