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2 thursday, december 29, 2016 national karachi: president karachi chamber of commerce & industry (kcci) shamim ahmed firpo presenting kcci's crest to federal insurance ombudsman m. raeesuddin paracha at the seminar on "public awareness about dispute resolution mechanism of federal insurance ombudsman" at kcci. senior vice president kcci asif nisar, vice president kcci muhammad younus soomro and others are also seen in the picture. karachi: chairman ppp-p bilawal bhutto zardari and her sister bakhtawar bhutto zardari offering fateha on the grave of their mother shaheed mohtarma benazir bhutto at garhi khuda bakhsh, here on wednesday. - app photo by nadeem akhtar karachi: the task committee for capacity building of the small and medium enterprises development authority (smeda) appointed by the capacity building working group (cbwg) under the national financial inclusion strategy (nfis) recom- mends training of smeda staff in the renowned sme development institutes and digital outreach of the smeda's services for smes for a strong smeda capable of sector promotion and develop- ment on modern lines, says a press release. zulfikar thaver chair- man cbwg said at the behest of smeda it will also consider establish- ment of sme development fund (sme- df) for small interven- tions and products devel- opment at its meeting at smeda karachi office on 29th december 2016. he said smeda has definite plans for estab- lishment of sme facilita- tion centers with state of the art training facilities and the task committee will consider the proposal in its true perspective. the government needs to provide of funds for smeda's marketing strategy and the cbwg will recommend the requirements of smeda to the technical commit- tee. the union of small and medium enterprises (unisame) has always demanded a strong smeda and increase in size and scope of smeda to meet the demands and serve the sector and over- come the challenges it is facing. it needs a smeda of international standards having connections with the smeda's of the world. it needs a smeda with a scientific approach equipped with men, money and material to uplift the sector on mod- ern lines. ali sabih of unisame, mukesh kumar provincial chief and senior officials of smeda and allied bank are members of the technical and task com- mittees. the exercise will be led by alamgir chaudhry general manag- er smeda and will sub- mit its report to the techni- cal committee under the nfis. nfis urges training of smeda staff karachi: the sindh high court (shc) on wednesday ordered the provincial government not to remove inspector general allah dino khawaja from his post. the court has directed the provincial government not to take any action till january 12. the order was issued after a plaintiff informed court that the ppp-led sindh government has sent ad khawaja on forced leave. the bench issued a stay order after preliminary hearing of the petitions challenging probable removal of a.d. khawaja. the court also called replies from the federa- tion, sindh government and a.d. khawaja by january 12. as per notification issued by the provincial government on december 19, mushtaq ahmed mehar, an officer of police service of pakistan, additional inspector general of police, was allowed to look-after the charge of the post of inspector general of police in addition to his own duties, during leave period of a. dino khawaja. some media reports also suggested that a.d. khawaja has been sent on forced leave after his dif- ferences with powers to be. sindh government, however, refuted the reports and claimed that the police chief went on leave on his own. it may be mentioned here that the federal gov- ernment had removed ig ghulam haider jamali on november 12 and appoint- ed khawaja in his place following a supreme court directive. shc orders sindh govt not to remove ig karachi: since last financial crisis most of the countries have revised their regulatory instruc- tions particularly focus- ing on the enhanced role of independent directors in the ever-changing pace of the financial markets, says a press release. accordingly, sbp has also issued revised instructions on independent directors of the banks/development finance institutions; highlights of the same are as follow: revision of the defini- tion of independent director has been made, keeping in view the domestic regulatory/legal regime and international best practices. new defi- nition is somewhat more stringent than the previ- ous one. thus it will help in identifying and pre- venting conflict of inter- est situation to a greater extent. minimum number of independent directors has been increased from 25% to 33% of the total board members with effect from march 31, 2018. separate meeting of the independent directors of a bank/dfi has been sug- gested at least once in a year. it is the core responsi- bility of state bank of pakistan (sbp) to ensure financial stability of the banking industry by pro- viding continuous super- visory support and guid- ance. for the purpose, sbp endeavors to strengthen the good governance regime in the banking industry through continu- ously reviewing and updating its regulatory instructions to cope with the domestic challenges as well as to stay in line with the international best practices and standards. sbp issues revised instructions on neutral directors islamabad: over 350 successful students received degrees at the postgraduate convocation of nust school of electrical engineering and computer science (seecs), at the university's main campus on wednesday. the degrees were award- ed in the disciplines of electrical engineering, information technology, computer science, computer and communication security, information security, and innovative technologies in education. rector nust lt gen naweed zaman, hi (m), (retd), presided over the convocation. besides, the ceremony was attended by distinguished guests from academia, government departments, corporate cen- ters, and the parents of graduating students. on the occasion, the gold medals were awarded to the outstanding graduates on the basis of their distinctive academic performances. in the department of electrical engineering, president's gold medals were conferred on engr hassaan saadat and engr mohammad amir asim khan jalwana of ms-ee batch-2011, engr muhammad abdullah hanif and engr naumana ayub of ms-ee batch- 2012, and engr muhammad nohman javed of ms-ee batch-2013. in the discipline of information technology, president's gold medals were awarded to irshad, ali shahzad, and muhammad sheraz anjum of ms-it batch-2011, engr sidra shahbaz of ms-it batch- 2012, and engr tayyaba naz of ms-it batch-2014. in the discipline of computer science, president's gold medals were awarded to engr atif riaz of ms-cs batch-2011, osama haq and bushra qadir of ms-ce batch- 2012, engr muhammad zeeshaan nawaz of ms-cs batch-2013, and asma hamza bhatti of ms-cs batch-2014. in the discipline of computer and communication security, president's gold medals were awarded to engr ayesha kanwal and engr rizwan muhammad of ms-ccs batch-2011. in the subject of information security, president's gold medals were awarded to engr haleemah zia of ms- is batch-2014, whereas, in the discipline of innovative technologies in education, president's gold medal was awarded to engr syed mustafa hassan of ms-ite batch- 2014. in his convocation address, the rector nust extended his warmest felic- itations to the degree hold- ers, their proud parents and the esteemed faculty. eulogizing the graduates, he said that, "graduating from nust is a matter of great honor and prestige as it involves a lot of hard work, unwavering commit- ment and the urge for sub- lime." he, however, advised the students to always remain indebted both to their parents and the faculty for the selfless and dedicated services they ren- dered in enabling them to materialize their long-cher- ished dreams. highlighting the nust achievements, the rector said, "the university had grown at godspeed in its size and stature, which was manifest in its coveted posi- tion among the global lead- ers in higher education." he made special mention of nust's ranking among the world's elite 100 univer- sities under the age of 50. he also commended principal seecs and his faculty for their conscien- tious efforts to ensure quali- ty teaching and state-of- the-art research. addressing the students, the rector advised to be inquisitive in their approach to life, and seize every opportunity to improve knowledge. he maintained that, "being graduates of the leading national univer- sity, they should willingly take upon themselves the responsibility of bringing a difference in the lives of the poor, and that they must empathise with the under- privileged, adding that the real fulfilment in life lies not in the riches but in the service to fellow beings. earlier, principal seecs dr zaidi, welcomed the guests and congratulated the graduates and their par- ents and faculty. he also presented a brief overview of seecs progress and achievements over the years. - nni over 350 get degrees at nust convocation islamabad: marriyum aurangzeb, minister of state for information, broadcasting and national heritage has said that government wanted to develop the economy on pub- lic-private partnership basis as this model has proved success- ful in the world. she was addressing the members of business commu- nity at islamabad chamber of commerce and industry (icci) in islamabad on wednesday. the minister also said that, "the business community should partner with the gov- ernment in its efforts aimed at accelerating the pace of eco- nomic growth." she said, "the film industry offered huge potential to pri- vate sector for investment and business ventures and busi- nessmen should exploit this potential which will also help film industry to grow and flourish.' she said, "businessmen were playing important role in the development of the national economy and government was taking many initiatives to cre- ate conducive environment for business activities." "law and order situation has improved, load shedding for industry has come to zero level while it has been reduced for other consumers from 16 hours to 3 hours daily," she asserted. she said, "prime minister nawaz sharif has inaugurated 340 mw chashma-iii nuclear power plant at mianwali which was good news for business community and assured that government would take more initiatives for their better- ment." she said, "the role of busi- ness community in csr activ- ities was laudable. she said moib would consider starting programs on entrepreneurship on ptv and radio pakistan." she informed that, "ministry of information, broadcasting and national heritage would organize a seminar on china pakistan economic corridor (cpec) in january and busi- ness community should take part in this event to get more awareness about business and investment in this historic project." "the ministry of information, broadcasting and national heritage wants to establish long term relation- ship with icci on business ventures of mutual interests," she said. speaking at the occasion, khalid iqbal malik, president icci said, "the ministry of information, broadcasting and national heritage should play role in highlighting investment opportunities in cpec project at national and international level to attract more foreign direct investment (fdi) in pakistan." he said, "the ministry should set up a cpec jobs por- tal in coordination with planning commission so that youth could access one point for finding out jobs in cpec projects." he said, "businessmen and investors have to approach various organizations for busi- ness related information and the ministry in coordination with relevant government organizations should set up a business information desk to provide all relevant business information at one point." he said, "pakistan was expe- riencing youth bulge and it was not possible to provide jobs to all youth." he urged that, "the ministry should launch an entrepreneurship tv channel to promote entrepreneurship culture and attract youth towards business field. this way they could become job- creators instead of job-seek- ers." he said that icci was plan- ning to organize handicraft and women entrepreneurs exhibition in the second half of january and marriyum aurangzeb should grace its inaugural as chief guest, which was accepted by the state minister. khalid malik senior vice president, tahir ayub vice president icci, khalid javed, mian akram farid, mian shaukat masud, nasir qureshi, khalid chaudhry, ms. fatima azeem, ms. samina fazil, ms. nasira ali and others also spoke at the occasion. - nni economy on public-private partnership basis: marriyum govt determined to develop such economy as this model has proved successful in the world islamabad: president chamber of commerce and industries malik zafar iqbal presenting a souvenir to minister of state for information, broadcasting and national heritage ms. marriyum aurangzeb, here on wednesday. - app photo by irfan mahmood no change of opposition leader in na planned: ppp karachi: pakistan people's party (ppp) on wednesday contradicted a news item that chairman bilawal bhutto zardari will replace syed khursheed shah as leader of the opposition in the national assembly. in a clarification state- ment, the spokesman of bilawal house said, "ppp leadership was not planning to change the opposition leader in the national assembly." - nni bank holiday on january 2 karachi: the state bank of pakistan on wednesday announced that the bank will remain closed for public dealing on monday, january 2, 2017 which is observed as bank holiday. in a statement, the cen- tral bank said, "all banks / development finance institutions (dfis) / microfinance finance banks (mfbs) shall, therefore, remain closed for public dealing on the above date." "however, all employ- ees of banks / dfis / mfbs will attend the office as usual," the statement said. - nni pm can't run away from panama case, says naeem islamabad: pakistan tehreek-e-insaf (pti) leader naeem-ul-haque on wednesday said that prime minister (pm) nawaz sharif cannot run away from panama leaks case without clarification. responding to pm's speech, naeem-ul-haque said that construction of energy project is very much needed in the coun- try but track record of pm and chief minister of punjab (cm) is not so good. he said pm is cutting ribbons instead of responding to panama leaks issue. he said no work has been done on nandipur, quaid-i-azam solar park and gadani power projects. pti leader lashed out at pm and said that pm termed his parliament speech as political. he said that such attitude of pm has disappointed the nation. naeem-ul-haque said that the people are not having any interest in fake talks and slogans. - nni nab set to challenge dr asim's medical reports karachi: the national accountability bureau (nab) on wednesday declared dr asim's illness as excuse to flee the corrup- tion case against him. according to details, nab has decided to chal- lenge former petroleum minister's medical report in the court. dr asim was shifted to intensive care unit ward (icu) at national institute of cardiology where med- ical staff said that the patient needs to go abroad for proper treatment. sources told that nab has formed a legal team that will collect all the evidence and proofs. the bureau's officials said that influential suspects use such kind of excuses to escape from the case. the former petroleum minister is facing different corruption references in accountability court (ac) while a terror case in anti- terrorism court (atc). one of the references alleges dr asim of rs 462 billion graft while the other of rs 17 billion. he is accused of having con- cealed assets, granting ille- gal allotments, land grab- bing, misuse of authority, fraud and giving illegal contracts during his tenure in sui southern gas pipelines limited (ssgpl). besides ssgpl refer- ence, national accountability bureau (nab) is pursuing money laundering case against the former federal minis. - nni four punjab universities get acting vcs lahore: punjab higher education department on wednesday issued notifi- cation for the appointment of acting vice-chancellors of four universities. the competence for the appointment of vice-chan- cellors by the punjab gov- ernment was challenged in lahore high court (lhc). however; the court while declaring the stance as accurate directed the higher education depart- ment to issue notification in this regard and appoint senior professors as acting vcs over the recommen- dations of search commit- tee. as per the notification, punjab university's vc dr mujahid kamran has been dismissed from his post and dr zafar moeen has been appointed as the acting vc. dr rukhsana kausar will be the acting vc of lahore college for women university, dr zubair of nawaz sharif engineering university multan and dr ishtiaq of sargodha university. an implementation report regarding the court's verdict will be pre- sented on the next hearing by higher education department. - nni advisory body to be formed for overseas pakistanis islamabad: overseas pakistanis foundation (opf) has approved the constitution of seventy five members overseas pakistanis advisory council. the decision was taken in the137th meeting of the board of governors chaired by chairman opf barrister amjad malik in islamabad. addressing the meeting, the chairman opf board of governors, barrister amjad malik said that pakistani expatriates are playing vital role in improving the economy of the country and they deserve special attention. the board also approved twenty names of patent overseas pakistanis form united kingdom for the council. - nni

4 thursday, december 29, 2016 disclaimer: all reports and recommendations have been prepared for your information only. summary and analysis are not recommendation to buy or sell. this information should only be used by investors who are aware of the risk inherent in securities trading. the facts, information, data, indicators and charts presented have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. the financial daily international and its employees are not responsible for any loss arising from use of these reports and recommendations. regulatory bodies prime minister nawaz sharif took a major policy decision and transferred the administrative control of five key regu- latory bodies to the respective ministries. the national electric power regulatory authority (nepra) had been given under the control of the water and power division, oil and gas regulatory authority (ogra) under the petroleum and natural resources division, pakistan telecommunication authority (pta) and frequency allocation board (fab) under the information technology and telecom division and the public procurement regulatory authority (ppra) under the finance division. these regulatory bodies were given under the cabinet divi- sion by various governments in the past to ensure that they enjoyed independence in decision-making instead of being subservient to the ministries for routine administrative issues like approval of leave, visits abroad and appoint- ments. the prime minister was advised that he had the pow- ers under the rules of business to take decisions on the issues relating to "allocation of business/charge or respon- sibilities" of the federal ministries under rule 3(3) of the rules of business, 1973 while matters relating to "transac- tions" of the federal government could be decided by the cabinet, the cci or parliament, as the case might be. many are of the opinion that the government is moving to capture the regulators and influence the decisions they make. take the example of nepra, one of the five regula- tors. this is the statutory body that determines which ele- ments of their costs can be considered expendituture and which can be passed on to power consumers. a separate statutory body, empowered to make its decisions autonomously through proper transparency safeguards, is required to wield such powers. nepra opposed the profound amendments in the nepra act, 1997. it argued that any such attempt would destroy the autonomy of the regulator and reduce its role. these amendments included (a) power of the federal government to issue binding directives to nepra, (b) reducing its enforcement power with respect to govern- ment-owned companies, (c) depriving nepra of its adminis- trative and operational autonomy, (d) reconstitution of the authority by doing away with provincial representation, (e) determination of tariff components vs determination of tar- iff, (f) doing away with the licensing regime and (g) intro- duction of appellate tribunal, etc. nepra has also com- plained that draft amendments as proposed before the cci were not even shared with it although it had a long experi- ence in the field. the present amendments had been pre- sented to the cci in undue haste for approval in the absence of a process of meaningful stakeholder consultation. the views expressed by nepra is required to be analyzed thor- oughly by all the respected stakeholders, particularly the related ministries of the government in order to maintain the level of autonomy of nepra. sindh chief minister syed murad ali shah condemned the government's decision to give the administrative control of five autonomous regulatory bodies to related ministries. he said that the power of placing regulatory authorities under ministries concerned lies with the council of common interest (cci) but surprisingly the prime minister took this decision, ignoring an input from the provincial governments. the government's decision to transfer admin- istrative control of the regulatory bodies from the cabinet division to the parent ministries is unconstitutional and will have a negative impact on the end consumers and business environment in the country. legal and regulatory experts, economists, provincial government officials and political parties have expressed serious reservations over the govern- ment's decision of transferring administrative control of the regulatory bodies to the parent ministries/divisions. the decision of transferring the administrative control of the regulatory bodies, particularly nepra and ogra, from the cabinet division to their parent's ministries/division is against the article 54 of the constitution. the 18th constitutional amendment act, article 154 (1) clearly stat- ed the functions and rules of procedure of the cci. "the council shall formulate and regulate the policies in relation to the matters in part ii of the federal legislative list and shall exercise the supervision and control over the related institutions. oil & gas and electricity are under section 2& 4 of the part ii of the federal legislative list therefore, ogra and nepra need to be under the supervision and control of cci, the official said. the government cannot make any amendments to the rule of business in violation of the constitution. the expert said the transfer of adminis- trative control will force the regulatory bodies to follow the policy guidelines of the government and will be compelled to implement the government decision. head office 111-c, jami commercial street 11, phase vii, dha karachi telephone: 92-21-35311893-6 fax: 92-21-35388428 url: www.thefinancialdaily.com email address: editor@thefinancialdaily.com lahore office 24- peshawar block, fortress stadium, lahore telephone: 92-42-6675595 fax: 92-42-6664349 email address: editor@thefinancialdaily.com editor-in-chief: azfar ashary editor: shakil h jafri executive editor: manzar naqvi resident editor (islamabad): munawar naqvi editor-at-large: muhammad arif honorary advisory board tariq iqbal khan, fca haseeb khan, fca asim abbas ashary, cpa dr. a. hadi shahid, fca s. muneer hussain rizvi amir abbas ashary nuzaira azam (u.s.a) prof. zakaria sajid (ku) hasan raza jaffary ismat sabir the financial daily international mahir ali o ne of the all too few redeeming features of the exceptionally dismal year now passing into history has been benjamin netanyahu's relentless tantrum over a united nations security council resolution. all that he wanted at this gift-giving time of year was a wretched veto, which has been the norm for close to 40 years. but this time uncle sam unexpectedly said no, providing the cue for an almighty gnashing of teeth and stamping of feet, with tears and swears and indignant blobs of snot flying in every direction. the reaction should not have surprised anyone. after all, israel has long behaved like a spoilt child, and its favourite uncle has invariably been excessively indul- gent. lethal toys have flowed its way for decades, and more than half the vetoes the us has deployed in the security council since the un's inception were aimed at deflecting international criticism of its delinquent nephew. notwithstanding the personal tensions between netanyahu and barack obama, unprecedented military assistance has flowed to israel under the latter's admin- istration - just as it has, mind you, to saudi arabia. but then, lately the two nations have been increasingly less reluc- tant to acknowledge that they are effec- tively on the same page in many ways, notably in seeing iran as the main region- al threat and not giving a damn about palestinian rights or aspirations. the passage of resolution 2334, with 14 votes in favour and one crucial absten- tion, has meanwhile afforded a new lease of life to the beleaguered palestinian authority president mahmoud abbas, a steadily mounting number of whose con- stituents have lately favoured a change at the helm. israel has long behaved like a spoilt child. now he is suddenly garnering gratitude and praise from his militant rivals, after the palestinian delegation to the un con- tinued lobbying hard for a resolution even after a key sponsor, abdel fattah el-sisi's egypt, got cold feet last thursday, follow- ing entreaties (and possibly threats) from israel. four other security council mem- bers from different continents were per- suaded to step up to the mark. israel has consequently called back its ambassadors to new zealand and senegal (it doesn't have diplomatic relations with malaysia and venezuela), and cut off aid to the latter. what's more, the ambassa- dors of all the security council member states represented in tel aviv were sum- moned to the foreign ministry for a christmas day dressing-down, except for the us envoy, who had earned the privi- lege of a personal diatribe from netanyahu. the envoy's days are anyhow num- bered. president-elect donald trump intends to replace him with david friedman, a financial contributor to israeli settlements in occupied territories who stands several paces to the right of netanyahu, and who has been unstinting in directing his bile at american jews who do not blindly back the zionist proj- ect. trump has, at the same time, indicat- ed that he is keen to impose an israeli- palestinian agreement. but then, the man's delusions know no bounds. after being approached by the israeli lobby, he strove assiduously to prevent an american abstention in the security council. having failed, he declared via his favoured policy-pronouncing plat- form, twitter, that things would be differ- ent from jan 20. that's inevitable, and it ought to be a monumental worry. this does not mean, however, that obama's depressing record on the israeli-palestinian issue should be glossed over on account of a partially welcome but largely meaningless gesture from a lame-duck administration. as aluf benn, the editor-in-chief of the redoubtable israeli newspaper haaretz, pointed out last saturday, "obama is wor- thy of honorary membership in the yesha council, the israeli settlements' umbrella organisation, as well as the likud central committee… "obama assumed the presidency with lofty declarations against the settlements, calling the israeli-palestinian peace an 'american interest'. but beyond partial steps that achieved nothing and pointless speeches, he didn't even once use his presidential clout to realise the two-state solution." it is fairly obvious that the settlements, which have expanded exponentially since the us last backed a security council res- olution condemning their illegality - back in 1980, when the president was jimmy carter, who last week called on the obama administration to formally recog- nise the palestinian state - have pretty much thwarted any prospect of a two- state solution. the only alternatives are a meaningful multinational democracy, or an apartheid state whose contours are already well established. can the un resolution, which the us could not muster the courage to vote for, make a difference? will it make israel more culpable in the eyes of the international criminal court at the hague? will the overwhelming majority of the world's nations that recognise the settlements as illegal proceed to the kind of sanctions that signalled the demise of south african apartheid? don't hold your breath. but relish the spectacle of an unnerved netanyahu's histrionics. -courtesy: dawn mahir.dawn@gmail.com bibi goes ballistic manuel mogato, karen lema, david lague & neil jerome morales r odrigo duterte has kept his word. "forget the laws on human rights," he declared in may at his final presidential campaign rally in manila. "if i make it to the presidential palace, i will do just as i did as mayor. you drug pushers, hold-up men and do-nothings, you better go out. because, i'd kill you." more than seven months after winning the presidency, duterte is rolling out on a national scale the model of government he honed over 22 years and seven terms as mayor of this city on the southern island of mindanao. just as in davao, blood is now flowing in the capital manila and surround- ing areas as the police and vigilantes, inspired by the president, conduct a wave of killings. a davao-based human rights group, the coalition against summary execution (case), has compiled figures showing that death squads in the city were responsible for at least 1,400 documented killings between 1998 and 2015. scaled up, duterte's war on drugs is now well under way across the nation, and the body count is setting records. police have killed more than 2,000 people since he was inaugurated on june 30, and are investigating about 3,000 more deaths. human rights monitors believe many of these were carried out by vigilantes with official sanction, a charge the government denies. in davao, duterte built a personality cult around his crackdown on crime. part mao, part castro, part gun-toting filipino war- lord, the avowedly socialist mayor ruled his city as a lethal enemy of wrongdoers and a champion of the poor. his salute was a clenched fist - a symbol now emblazoned on souvenir mugs and other duterte memora- bilia. but there is another ingredient in duterte's appeal that makes him a more complex leader, and a potentially more potent one, than is appreciated abroad: the people of davao say he gets things done. residents laud his handling of city services. businesses praise his pro-growth policy. a top official at the american chamber of commerce in the philippines applauds his team of economic advisers. samuel r. matunog, a davao lawyer, businessman and human rights worker, strongly rejects duterte's support for vio- lence and killing. but he acknowledges there are elements of his administration worthy of support. "there are so many things that he does that i like," he says. "most important to him is the basic welfare of working people." with the national levers of power in his grasp, duterte is trying to apply to the philippines, a nation of 101 million people, the same recipe of fear and populism that he employed in his efforts to tame davao, a city of 1.6 million. 'a bigger davao city' to advance the drug war, his political allies have introduced legislation to bring back the death penalty - and to lower the age at which people can be prosecuted for crimes to just 9. meanwhile, he is promising a raft of measures certain to please wage earners and the poor - including free tuition at state universities and colleges, and free irrigation for rice farmers. he also wants to replicate features of the cuban health sys- tem. the task of managing the more than $300 billion national economy dwarfs any chal- lenge duterte faced in davao, to be sure. while his war on drugs is well advanced, his promised economic reforms have barely started. "he wants to make the philippines a big- ger davao city," jesus dureza, one of duterte's closest advisers, said in an inter- view on the president's plan to boost the economy by eliminating crime and drugs. "but the work is much tougher as corruption and crime are well-entrenched in manila, at the national level." as president, duterte is continuing his take-no-prisoners approach. in davao, he shamed civil servants on a weekly radio and television program. in manila, he has publicly humiliated his most outspoken critic, a senator who led an inves- tigation into extrajudicial killings and now faces criminal charges. and he recently demanded the immediate resignation of the heads of the country's top energy regulatory body after reports of corruption at the agency. in his crackdown on drugs and crime as mayor, most victims were drug users, petty criminals and street children. most were either shot or stabbed to death in vigilante- style killings, case said. in a 2009 report, the international advoca- cy group human rights watch (hrw) iden- tified a consistent failure by police to seri- ously investigate these killings. police in davao, helped by neighborhood leaders, drew up lists that were used by death squads to target their victims, hrw alleged. the rights group also reported that acting and retired police officers worked as "handlers" for death-squad gunmen in davao, giving them names and photos of targets, an allega- tion denied by davao police. duterte denies playing any part in the activities of the so-called death squads in davao. the president has faced probes into the killings in davao and since he took office in july, and none has proven he was responsi- ble, a spokesman for duterte said in response to questions from reuters. the president's critics "keep on picking on alle- gations of human rights violations," he said. "if anyone is eroding democracy, it must be the rabid opponents who up to now cannot accept defeat and respect the results of elec- tions." shock and disapproval but a similar pattern of violence is re- emerging nationally. in october, reuters revealed the key role that neighborhood "captains" across the nation are playing in the drugs war. many of the victims killed by law enforcement officers or vigilantes appeared on police "watch lists" that these low-level officials are helping to compile. a later reuters investigation amassed evi- dence that suggested officers were summar- ily gunning down drug suspects and per- forming perfunctory crime-scene investiga- tions and autopsies. "when will these killings stop?" said congressman gary alejano, a former mili- tary officer and strong critic of duterte's methods. "the purpose of the war on drugs is to stifle opposition and castrate dissent. it is working." a growing chorus of shock and disap- proval has included warnings from senators that there are grounds for impeachment over what duterte's critics say are extrajudicial killings. but the president is pressing ahead. right now, an impeachment motion seems unlikely. duterte's supporters control both houses of congress, and his popularity remains high. an opinion poll published by the social weather stations research agency in december showed 77 percent of filipinos were satisfied with duterte's performance. it was his promise to spread his city's anti- corruption and law-and-order policies across the country, political analysts here say, that endeared him to millions of filipino voters. he tapped into disgust with the nation's political elite and the failure of successive governments to tackle poverty and inequality despite years of robust eco- nomic growth, they say. the 71-year-old former prosecutor revels in reminding his countrymen that he is a man to be feared. as mayor, duterte declared on december 16, he even shot three criminals himself during a police oper- ation. "i said i killed about three of them," he said. "i didn't really know how many bul- lets from my gun went through inside their bodies." in congress, his allies are determined to push through the bill that would lower the age of criminality from 15 to 9. the legisla- tion is necessary, they say, because young children are involved in the drug trade. it wouldn't be the first time children have been caught in a duterte crackdown. in davao, case said it documented 132 inci- dents of children aged 17 and younger who it says died in vigilante-style killings between 1998 and 2015. checks and balances as president, duterte has continued to tar- get official corruption. while at an econom- ic summit in peru in november, he issued an order: launch an immediate investigation into the energy regulatory commission. he had just been briefed on the suicide of a top commission official, who was allegedly under pressure to authorize improper deals. on the spot, duterte demanded the whole- sale resignations of the commission's senior management. "i am telling you, i am just a small town province boy, i really don't like corruption," duterte told reporters in lima. if the com- missioners refuse to quit, the president "will ask congress to abolish their positions," a duterte spokesman told reuters. he has also brought his populist econom- ics to the capital. congress has approved a budget of 8.3 billion pesos ($167 million) for 2017 to provide free tuition at all state colleges and universities. he sent his health minister to cuba in august to study its national health system. and in recent speeches, duterte said he had released 2 bil- lion pesos from the regulatory agency that operates most of the country's casinos. this would be split evenly between drug rehabil- itation and subsidies for poor families unable to afford prescription drugs. duterte inherited a strong economy. to boost growth further he pledges to bolster infrastructure spending and lift caps on for- eign ownership. he has also vowed to increase competition in markets dominated by monopolies and duopolies, signaling a willingness to take on the business elite. still, there are signs it might be difficult to impose his vision on a far-flung nation where checks and balances on executive power are well established. the management of the energy regulatory commission is still in office. they refuse to resign, instead calling for an impartial inquiry into the suicide. the com- mission is a quasi-judicial body established by law, so legislation would be required for duterte to scrap it. back home in davao, bureaucrats rarely defied a mayor known as "the punisher." duterte's power remains grounded in this city, where his word virtually became law. his daughter, sara duterte-carpio, is now mayor. his son, paolo, is vice-mayor. even after moving in to malacanang, the presidential palace in manila, duterte and his entourage fly to davao every week. "we are now the malacanang of the south," says davao businesswoman and duterte support- er belinda laya-torres. "he feels at home here." vigilante-style killings duterte became mayor in 1988, two years after the fall of president ferdinand marcos. the coastal city was at the center of a com- munist insurgency that had erupted against the marcos regime. new people's army rebels were using the city as a testing ground for urban guerrilla warfare; assassi- nations, bombings and disappearances were common. in a vicious war of attrition, the rebels targeted police, the military and local officials, while the authorities hit back at suspected communist sympathizers. some locals say when duterte came to power, he proved to be more effective in the use of violence than the rebels or criminals. in its 2009 report, human rights watch dis- cerned a pattern in the vigilante-style killings during his rule. "the assailants usually arrive in twos or threes on a motorcycle without a license plate," the monitoring group wrote. "they wear baseball caps and buttoned shirts or jackets, apparently to conceal their weapons underneath. they shoot or, increasingly, stab their victim without warning...as quick- ly as they arrive, they ride off - but almost always before the police appear." alongside the crime crackdown, duterte built support with his man-of-the-people persona. he is perceived as frugal and plain- living. the home where he still lives when in davao is an unassuming two-story prop- erty behind a green metal gate. he eats at unpretentious restaurants and is fond of the strong-smelling fruit durian. as mayor, he also slashed red tape. applications for most permits and approvals must be decided within three days, local officials say. in the city tax office, fans rat- tle in the brightly lit public areas where many of the service windows are open through the lunch hour. the schedule is meant to minimize waiting time. duterte says he hates seeing citizens queuing. rules and regulations were strictly enforced. firecrackers, dangerous but very popular in the philippines, are outlawed, a policy duterte promises to enforce nation- wide next year. smoking in public is banned. jaywalkers face $4 fines and orders to perform community service. bars and restaurants must stop serving alcohol at 1 a.m. there is a 10 p.m. curfew on unaccom- panied minors. despite the strictness of these restrictions, duterte is no prude. prostitution is tolerated with registered sex workers required to undergo regular health checks, according to a city official. the authorities check to ensure they are not working under coercion or threat. and the city holds a christmas party for sex workers, the official said. personality cult the mayor enhanced his image with a weekly radio-and-television talk show, "gikan sa masa, para sa masa" - from the masses, for the masses. here, duterte would take complaints from residents and issue peremptory corrective orders. it became a must for city officials, including the local police, to listen and watch his sunday program: they would not want to miss his on-the-spot instructions, usually delivered with curses and rebukes. everywhere in the city there is evidence of the personality cult he fostered. at one of the more popular restaurants, marina tuna, which specializes in the fish for which the city is known, a duterte cut-out greets guests on the entry stair. the markets are full of duterte memorabilia and t-shirts. with echoes of maoist china, a national "learn from davao" movement is under way. delegations of visitors from around the country fly in to study the city's blue- print for order, growth and development, local officials say. overwhelmed with up to 22 groups visiting a day, a u.s.-style 911 emergency response center built by duterte was forced to restrict access, according to operators at the center. poverty levels in the davao region, which includes the city, are down, and in 2014 the region grew 9.3 percent - a statistic duterte often cites when he boasts of his hometown. he usually follows this with a reminder that it is safe to walk the streets at night. this security, he says, created the conditions for investment and growth. the city hosts a thriving business process outsourcing industry providing call centers, telemarketing and online language tutoring for local and foreign companies. local out- sourcing-business owners give duterte credit for providing the environment for growth. they say the city is safe for their mostly young employees to commute to work at all hours. "we need parents to be comfortable that young people can go out at 10 p.m. and come home early in the morning," says michael bian, chief executive officer of a growing outsourced service provider, six eleven global teleservices. davao business people and officials also credit duterte with having the confidence to delegate to experts. he has adopted the same approach as president, business lead- ers say, appointing experienced economic managers. "he has surrounded himself with a very good team. they are doers," says ebb hinchliffe, executive director of the american chamber of commerce in the philippines. "thank god, he leaves them alone." security threat local business leaders and officials acknowledge that the city of davao still has a long way to go. apart from a few gleaming modern malls, most of the commercial areas and residen- tial neighborhoods are full of ramshackle buildings packed along narrow, bumpy roads. tin shacks on stilts line fetid water- ways. public transport is limited and the drainage system is widely acknowledged to be inadequate, according to local business people and international development agen- cies. public security inside the city limits is dramatically improved compared with the 1980s. but davao still ranks first among 15 philippine cities for murder and second for rape, according to police crime data from 2010 to 2015. and a dire security climate across most of the rest of mindanao, where separatist and terrorist groups remain active, poses a serious threat to efforts for further development. a bomb detonated in a crowded night market in davao on september 2, killing 15 people and injuring dozens. authorities say the suspects arrested for the bombing belonged to a radical faction of a muslim rebel group. in an interview with reuters during the election campaign, duterte explained his vision for how law and order are essential to prosperity. he arrived in his trademark jeans, open- necked shirt and shoes without socks. unlike many politicians, he didn't ask for questions in advance. when he wasn't able to answer queries about taxes or the budget, he said so. he took no offence when asked about reports of his rumored romances: the government's "bible" is the constitution, he said, and it says nothing about womanizing. enhanced security, he said, was the only way to build a stable economy. when asked why people should vote for him, he pointed to his achievements in davao as "exhibit a." "it's not for the faint-hearted," he said. "if you are a president and you are afraid of criminals, or you are afraid to kill criminals, then you have no business being a presi- dent." -courtesy: reuters blood and benefits – duterte imposes his formula on philippines

hong kong: hong kong stocks advanced on the first trading day following the christmas break, with a bounce in commodity prices on the mainland lifting energy and raw materials shares. the benchmark hang seng index added 0.8 percent, to 21,754.74 points, while the hong kong china enterprises index , which tracks chinese companies listed in hong kong, gained 1.3 percent, to 9,300.63 points. energy and raw materi- al shares were up around 1 percent, helped by a strong rebound in com- modity prices, with rebar and coke futures soaring around 5 percent and 7 percent respectively at one point on wednesday. most sectors advanced, with information tech- nology stocks the biggest performer, up 2 percent. shares in index heavy- weight tencent holdings ltd, the industry bell- wether, gained more than 2 percent after touching a 5-1/2-month low in the previous session. investors welcomed tencent's plan to use platform services of a digital mapping compa- ny controlled by germany's leading car makers in its products, after sealing a deal to buy stake in the compa- ny. 6 thursday, december 29, 2016 market summary meht 220.00 231.00 231.00 220.00 0.00 100 msot 155.39 161.90 161.90 155.39 0.00 100 bata 4,700.00 4,700.00 4,700.00 4,700.00 0.00 20 symbols open high low close change vol upto 100 volume volume: 273,091,680 value : 16,473,179,856 trades: 96,821 advanced 231 declined 158 unchanged 18 total 407 current 32,461.98 high 32,549.33 low 32,099.53 change k k362.45 current 47,424.63 high 47,563.46 low 46,920.47 change k k504.16 current 25,665.88 high 25,776.27 low 25,347.98 change k k317.90 market kse 100 index all share index kse 30 index current 81,338.15 high 81,540.36 low 80,366.83 change k k971.32 kmi 30 index current 22,510.99 high 22,563.40 low 22,253.69 change k k257.30 symbols oil and gas attock petroleum 829 12.34 679.65 689.00 680.00 680.10 0.45 92,000 attock refinery 853 10.30 422.56 429.00 419.01 420.75 -1.81 1,341,300 burshane lpg 226 27.55 66.00 67.85 65.65 65.84 -0.16 13,000 byco petroleum 9779 - 23.12 23.51 23.11 23.16 0.04 2,572,500 mari gas company 1103 47.91 1393.57 1410.00 1379.10 1384.04 -9.53 28,650 national refinery 800 15.59 574.68 578.50 560.00 562.37 -12.31 357,900 oil & gas development 43009 6.41 164.02 165.95 164.40 165.08 1.06 2,877,000 p.s.o 2717 8.47 425.59 434.40 427.90 429.71 4.12 1,394,200 pak oilfields 2365 9.94 533.33 545.87 535.81 542.12 8.79 692,100 pak petroleum 19717 7.16 189.20 193.90 189.00 192.06 2.86 1,253,100 pak refinery limited 2940 1.25 44.23 44.60 43.65 43.74 -0.49 1,083,000 shell pakistan 1070 - 478.54 501.50 481.00 487.90 9.36 228,900 paid up company cap(mn) pe open high low close chg volume food producers abdullahshahghazisugar 793 17.89 7.01 7.99 6.80 7.87 0.86 750,500 adamsugar 173 8.22 53.00 53.20 51.71 52.28 -0.72 8,500 al-abbassugar 174 75.01 294.35 309.06 304.00 309.06 14.71 1,300 al-noorsugar 205 - 72.70 76.33 76.33 76.33 3.63 7,000 chashmasugar 287 13.03 87.98 92.37 88.95 90.66 2.68 48,600 cloverpakistan 94 - 50.60 51.50 50.50 50.56 -0.04 32,000 dewansugar 665 - 7.17 7.34 7.00 7.00 -0.17 17,000 engrofoodsltd. 7666 52.94 171.44 180.01 172.25 180.01 8.57 3,428,600 faransugar 250 20.15 171.94 176.00 167.50 173.29 1.35 124,600 habibsugar 750 32.89 47.50 48.00 47.21 47.36 -0.14 39,500 habib-admltd 200 7.15 24.20 24.30 24.30 24.30 0.10 500 haseebwaqas 324 - 12.03 12.75 12.00 12.35 0.32 699,000 ismailind 638 85.34 373.06 391.71 385.00 391.71 18.65 2,500 mehransugar 320 10.11 184.61 184.44 178.10 184.44 -0.17 500 mirpurkhassugarxd 123 23.40 209.88 211.99 205.00 211.50 1.62 25,100 mirzasugar 141 - 4.01 4.05 4.05 4.05 0.04 1,000 mithchellsfruit 79 17.84 342.00 353.00 338.00 351.90 9.90 7,600 nationalfoods 1036 19.68 375.22 376.00 372.00 372.35 -2.87 1,000 nestlepakistan 453 54.80 8712.51 9148.13 8800.00 9145.71 433.20 3,300 noonsugar 165 4.94 45.83 45.59 44.95 45.47 -0.36 29,500 pangriosugar 109 - 4.70 4.75 4.45 4.75 0.05 3,500 premiersugar 38 5.76 152.95 152.00 150.00 150.50 -2.45 600 punjaboil 54 48.64 331.00 324.78 321.00 321.00 -10.00 800 quicefood 985 - 8.91 9.35 8.92 9.06 0.15 1,106,500 ssoil 57 3.40 55.93 57.00 56.00 56.95 1.02 5,000 sakrandsugar 223 - 6.71 7.30 7.00 7.00 0.29 2,500 shahmuradsugar 211 29.08 58.71 61.64 58.00 61.64 2.93 112,000 shahtajsugar 120 14.32 167.38 167.37 159.03 165.00 -2.38 18,500 sindabadgar 104 3.37 24.50 24.00 23.50 23.85 -0.65 2,500 al-shaheercorp 1421 - 60.05 60.50 59.07 59.18 -0.87 547,000 imperialsugarltd. 990 - 7.99 8.10 7.90 7.97 -0.02 46,500 jauharabadsuga 109 - 66.00 66.50 65.00 65.00 -1.00 4,000 paid up company cap(mn) pe open high low close chg volume household goods diamondind 90 13.11 42.85 43.00 43.00 43.00 0.15 2,000 halaenterprise 68 - 9.51 9.68 9.50 9.53 0.02 6,000 feroze1888millslimited 3768 60.94 190.28 199.70 193.00 193.17 2.89 1,600 pakelektron 4977 105.97 67.65 68.25 67.75 67.82 0.17 1,241,000 singerpak 454 52.77 46.77 48.99 46.00 48.02 1.25 2,518,000 tariqglassind 735 38.07 99.02 103.97 97.11 102.80 3.78 850,000 tpltrakkerltd 2172 - 17.42 17.90 17.50 17.67 0.25 2,780,500 paid up company cap(mn) pe open high low close chg volume personal goods amtexlimited 2594 - 3.07 3.15 3.01 3.04 -0.03 477,500 arujindustries 105 10.71 28.25 29.66 29.66 29.66 1.41 500 ashfaqtextile 350 3.39 10.00 9.10 9.05 9.05 -0.95 4,500 asimtextile 152 1.19 8.00 8.20 8.10 8.10 0.10 1,500 azgardnine 4493 1.51 8.26 8.40 8.10 8.15 -0.11 1,142,500 bannuwoolen 95 4.63 70.22 72.55 71.00 71.00 0.78 16,000 bilalfibres 141 3.81 7.49 8.49 7.98 8.49 1.00 62,500 brotherstextile 98 8.03 5.38 6.00 5.62 5.86 0.48 15,500 chakwalspinning 400 1.57 5.50 5.71 5.55 5.62 0.12 103,500 chenablimited 1150 - 6.66 6.92 6.60 6.65 -0.01 270,500 chenabltdpref 800 - 2.96 3.10 2.82 2.91 -0.05 235,500 crescentjute 238 - 4.06 4.21 3.75 3.92 -0.14 86,000 crescenttextile 800 12.18 27.62 27.60 27.30 27.41 -0.21 117,000 dsindltd 600 3.27 6.00 6.37 6.00 6.02 0.02 471,000 dawoodlawrencepur 591 57.41 249.40 254.90 247.05 254.90 5.50 1,000 dewanfarooquespinning 978 347.69 4.40 4.69 4.46 4.52 0.12 204,000 dewankhalidtextile 96 1.59 8.32 7.77 7.77 7.77 -0.55 500 elahicotton 13 12.80 57.36 59.90 59.90 59.90 2.54 500 gadoontextile 280 5.85 248.15 251.50 247.00 247.83 -0.32 21,100 ghanivalueglass 300 6.25 21.50 21.75 21.75 21.75 0.25 500 ghazifabrics 326 17.05 7.95 7.89 7.50 7.50 -0.45 5,000 glamourtextile 266 20.58 55.26 56.40 52.50 56.40 1.14 2,000 gulahmedtextile 2971 14.78 51.42 52.30 51.25 51.57 0.15 668,000 hmismail 120 - 6.44 5.90 5.75 5.80 -0.64 6,500 hiratextilemillslimited 866 8.12 13.02 13.18 12.90 13.07 0.05 121,500 ibrahimfibres 3105 3.54 67.11 66.00 66.00 66.00 -1.11 1,000 intknitwearxd 65 - 15.36 16.20 15.55 16.19 0.83 1,500 ishaqtextile 97 1.38 9.89 9.25 9.25 9.25 -0.64 500 jkspinning 609 3.32 31.39 31.50 29.85 29.85 -1.54 9,000 jananadmalxd 48 1.73 110.88 109.10 109.00 109.00 -1.88 1,300 jubileespinning 325 52.00 8.00 8.00 7.80 7.80 -0.20 3,000 khalidsiraj 107 - 5.20 6.20 5.69 6.20 1.00 30,000 kohattextile 208 3.20 17.85 17.30 17.30 17.30 -0.55 1,500 kohinoorind 303 24.22 7.75 7.96 7.70 7.75 0.00 87,500 kohinoormills 509 1.39 39.50 38.50 38.00 38.50 -1.00 5,500 kohinoorspinning 1300 2.91 6.66 7.10 6.60 6.76 0.10 600,500 kohinoortextile 2824 39.65 112.50 116.00 112.50 114.59 2.09 219,000 miantextile 221 - 3.58 3.58 3.58 3.58 0.00 3,000 mohdfarooq 189 - 4.28 4.47 4.25 4.25 -0.03 18,500 mubaraktextile 54 - 4.75 5.00 5.00 5.00 0.25 2,500 nationalsilk 156 4.94 48.69 46.27 46.26 48.69 0.00 400 nishat(chunian) 2402 4.83 60.64 61.88 60.80 61.06 0.42 2,685,000 nishatmills 3516 10.19 150.55 152.70 151.00 151.17 0.62 695,700 olympiaspinning 120 - 8.00 9.00 8.25 9.00 1.00 228,000 ravitextile 250 - 6.09 6.10 6.00 6.00 -0.09 8,000 relianceweaving 308 2.70 38.00 37.00 36.75 36.75 -1.25 2,000 rubytextile 522 - 12.92 13.15 12.51 13.04 0.12 28,000 rupalipoly 341 - 20.01 20.50 19.31 20.50 0.49 2,500 safatextile 40 18.59 5.64 6.00 5.21 5.95 0.31 29,500 saiftextile 264 1.65 22.31 23.41 23.41 23.41 1.10 2,000 sajjadtextile 213 1.31 6.20 6.30 6.29 6.30 0.10 1,500 sallytextile 88 0.63 12.50 12.65 12.65 12.65 0.15 1,000 samintextile 267 - 8.70 8.85 8.70 8.85 0.15 68,000 sanaind 86 9.15 72.40 70.51 70.51 70.51 -1.89 1,000 saritowspinning 298 1.72 9.17 9.20 9.10 9.17 0.00 18,000 servicefabrics 158 5.06 12.11 12.40 11.80 11.93 -0.18 194,500 serviceind 120 140.75 1480.40 1500.00 1465.00 1490.54 10.14 8,450 servicetextile 44 0.66 10.96 11.96 11.86 11.94 0.98 7,500 shadabtextile 30 1.59 53.80 55.79 55.00 55.00 1.20 2,000 shieldcorp 39 163.26 535.50 560.00 550.00 559.99 24.49 250 surajcotton 290 3.29 134.72 129.00 129.00 134.72 0.00 412,700 thalltd 405 28.01 510.01 514.79 503.10 511.99 1.98 196,000 treetcorp 1407 16.91 63.70 64.40 63.51 63.57 -0.13 529,500 tri-starpoly 215 - 14.22 14.60 14.06 14.17 -0.05 232,500 yousufweaving 400 3.75 5.37 5.79 5.35 5.47 0.10 2,293,000 zahidjeetex.xb 1823 2.50 15.01 15.47 14.50 14.78 -0.23 7,500 zillimited 61 190.60 90.25 91.49 89.01 91.49 1.24 1,500 colonytex.millsltd 4980 - 5.72 6.05 5.72 5.75 0.03 119,000 paid up company cap(mn) pe open high low close chg volume chemicals agritech limited 3924 - 11.90 12.05 11.81 11.85 -0.05 187,500 biafo ind xb 220 22.52 320.00 321.00 317.10 318.05 -1.95 19,300 archroma pak xd 341 22.66 787.52 798.00 778.00 780.99 -6.53 9,000 dawood hercules 4813 407.94 140.74 142.99 140.00 142.78 2.04 129,300 descon oxychem limited 1020 - 17.10 17.39 16.71 16.75 -0.35 512,000 dewan salman 3663 - 4.93 5.00 4.68 4.76 -0.17 2,270,500 dynea pak 94 6.04 52.02 53.49 52.99 53.00 0.98 4,500 engro corporation ltd 5238 32.66 313.27 319.99 313.52 319.46 6.19 1,712,500 engro polymer 6635 18.27 17.80 18.35 17.84 18.27 0.47 5,122,000 fatima fertilizer 21000 11.36 35.79 36.55 36.00 36.35 0.56 1,027,500 fauji fertilizer 12722 7.16 103.13 104.15 103.30 103.73 0.60 1,919,300 fauji fertilizer bin qasim 9341 9.74 50.22 51.59 50.60 51.03 0.81 1,418,000 gatron ind 384 16.03 93.03 92.50 91.00 91.38 -1.65 400 ghani gases ltd 1248 9.74 24.00 24.50 23.74 23.87 -0.13 1,184,000 ici pakistan 924 103.14 998.29 1013.00 991.00 997.40 -0.89 38,000 ittehad chemical 650 4.90 39.85 39.98 39.37 39.75 -0.10 22,500 leiner gelatine 75 33.86 41.18 41.99 39.13 41.99 0.81 14,500 linde pakistan ltd. 250 16.07 175.92 184.71 176.00 177.21 1.29 133,800 lotte chemical 15142 14.23 8.10 8.35 8.09 8.11 0.01 4,537,000 nimir ind chemical 553 89.39 44.49 44.40 42.81 43.80 -0.69 21,000 pak gum 42 8.32 157.00 159.99 154.00 159.43 2.43 2,000 shaffi chemical 120 47.64 13.89 13.98 13.20 13.34 -0.55 124,500 sitara chem ind 214 12.11 571.00 570.00 566.00 570.00 -1.00 900 sitara peroxide 551 - 32.64 33.05 31.90 32.08 -0.56 352,500 united distributors 242 3.10 70.00 71.30 69.99 70.88 0.88 97,500 wah-noble xd 90 11.08 131.30 132.00 130.00 130.00 -1.30 2,500 engro fert. 13309 118.37 66.22 67.98 66.25 67.47 1.25 5,477,000 paid up company cap(mn) pe open high low close chg volume forestry and paper paid up company cap(mn) pe open high low close chg volume crescentsteel 776 12.40 150.36 154.44 149.50 153.16 2.80 350,900 doststeelsltd 3157 - 10.68 10.83 10.50 10.53 -0.15 6,201,000 huffazpipe 555 - 25.58 26.40 25.50 25.60 0.02 7,000 inter.steelltd. 4350 291.88 97.47 97.90 96.00 96.32 -1.15 962,000 internationalind 1199 46.66 206.03 207.75 202.75 204.82 -1.21 143,000 siddiqsonstin 785 - 15.87 16.00 15.82 15.85 -0.02 65,500 aishasteelmill 2713 - 16.15 16.35 15.90 15.99 -0.16 4,319,000 paid up company cap(mn) pe open high low close chg volume construction and materials attock cement 1145 15.29 315.01 321.00 319.00 319.00 3.99 7,400 balochistan glass ltd 1716 - 13.98 14.30 13.80 13.98 0.00 112,000 berger paints 182 124.32 184.07 189.00 182.50 184.00 -0.07 5,500 bestway cement xd 5963 31.95 272.89 278.50 270.06 271.24 -1.65 52,100 buxly paints 14 - 111.15 116.70 110.00 116.60 5.45 11,000 cherat cement 1766 13.46 171.59 173.75 171.80 173.26 1.67 450,400 dandot cement 948 - 14.50 14.90 14.50 14.51 0.01 43,000 dewancement 4841 32.78 37.23 39.09 37.02 39.01 1.78 18,903,500 dg khan cement ltd 4381 16.22 213.69 219.39 214.00 218.35 4.66 4,877,100 faujicement 13798 28.52 42.12 43.38 42.10 43.06 0.94 11,295,000 fecto cement 502 8.88 118.00 121.90 118.50 120.01 2.01 189,800 flying cement ltd 1760 - 14.00 14.74 14.30 14.44 0.44 803,000 frontier ceramics 379 - 9.00 9.30 9.15 9.15 0.15 3,000 gammon pak 283 - 35.90 35.90 35.50 35.50 -0.40 3,500 gharibwal cement 4003 28.90 50.00 50.00 50.00 50.00 0.00 4,000 haydery const 32 573.00 5.60 5.99 5.60 5.73 0.13 14,000 javedan cement 1294 3.28 33.00 34.00 33.00 33.50 0.50 46,500 kohat cement 1545 14.30 284.11 288.00 282.25 283.00 -1.11 42,200 lucky cement 3234 29.97 831.32 853.00 835.50 840.29 8.97 423,500 maple leaf cement 5277 21.63 125.86 127.40 125.30 125.89 0.03 3,422,500 pioneer cement 2271 21.72 139.57 141.00 139.60 140.32 0.75 1,451,900 power cement ltd. 3657 8.44 13.14 13.43 13.10 13.16 0.02 3,611,000 safe mix concrete 250 26.16 9.45 9.70 9.51 9.68 0.23 36,000 shabbirtiles 1197 17.69 11.31 11.68 11.30 11.50 0.19 1,169,000 thatta cement 997 32.88 35.69 36.44 35.70 35.84 0.15 337,500 synthetic prodxd 774 - 66.00 67.00 65.99 66.14 0.14 68,500 akzo nobel pak.xd 464 - 237.88 241.00 237.70 238.11 0.23 101,500 paid up company cap(mn) pe open high low close chg volume general industrials cherat packagin 296 50.30 338.01 340.00 331.10 336.50 -1.51 5,700 ecopack ltd xb 287 - 24.20 24.89 24.10 24.37 0.17 161,500 ghani glass 2192 22.01 148.00 149.00 149.00 149.00 1.00 500 macpac films 389 2.40 23.07 23.30 23.30 23.30 0.23 1,500 merit pack 403 - 24.01 24.24 23.71 24.01 0.00 31,000 packages ltd 894 29.55 813.67 840.00 816.21 838.16 24.49 72,750 siemens engineering 82 - 1468.39 1495.00 1450.00 1462.23 -6.16 6,550 tri-pack films 388 17.71 268.58 271.40 265.00 266.35 -2.23 94,800 ghani global glass l 1000 3.31 22.49 22.50 22.07 22.41 -0.08 259,000 paid up company cap(mn) pe open high low close chg volume industrial engineering al-ghazi tractor 290 26.69 575.01 575.50 565.00 566.90 -8.11 47,400 bolan casting 115 - 64.00 67.20 64.50 65.78 1.78 99,000 ghandhara ind 213 115.36 666.77 682.00 664.00 669.06 2.29 105,100 hinopak motor 124 753.07 1650.00 1675.00 1620.00 1649.23 -0.77 2,140 ksb pumps 132 38.08 371.36 389.92 371.00 389.92 18.56 53,100 millat tractors 443 18.45 889.11 899.98 870.00 872.64 -16.47 33,250 pak engineering 57 - 339.00 344.00 342.00 342.00 3.00 1,300 amreli steels l 2970 - 67.14 67.70 66.50 66.63 -0.51 659,500 drekkar kings 100 - 11.67 11.74 11.52 11.58 -0.09 53,500 mughal iron&ste 1258 - 85.41 87.85 85.75 86.29 0.88 251,000 paid up company cap(mn) pe open high low close chg volume industrial transportation pak int containerterminal 1092 15.76 367.50 367.00 361.05 367.00 -0.50 500 pnsc xd 1321 60.98 155.17 162.00 155.80 159.16 3.99 148,500 pak int.bulk 12707 1.43 32.79 33.68 32.85 33.26 0.47 5,584,000 paid up company cap(mn) pe open high low close chg volume other sectors johnson & philips 43.7 44.95 43 43.97 0.27 9000 pakistan cables 358.33 375 354.11 358.77 0.44 99200 trg pak ltd 44.87 45.31 44.65 44.8 -0.07 3631500 murree brewery 946.53 955 934 937.75 -8.78 3750 shezan inter. 460 475 461 470.36 10.36 5200 pak tobacco 1244.6 1306.83 1269 1300 55.4 2240 shifa int.hosp 309.43 308.1 307 308 -1.43 2500 media times ltd 4.61 4.74 4.55 4.57 -0.04 945500 p.i.a.c.(a) 9.09 9.28 9.04 9.11 0.02 3134000 akd capital 157.89 165.78 151.03 165.78 7.89 3200 pace (pak) ltd. 10.91 11.18 10.85 10.99 0.08 4010500 netsol tech. 54.5 55 54 54.39 -0.11 88500 symbols open high low close change vol mts leverage position symbol total volume total value mts rate aicl 3,926,000 238,980,185 10.00 akbl 5,735,700 118,547,358 8.00 astl 740,500 41,720,716 10.00 atrl 1,534,900 513,735,160 8.00 bafl 17,072,900 503,219,900 8.00 bahl 160,500 7,448,712 8.00 bop 50,083,600 723,090,915 10.00 chcc 1,350,500 192,047,267 8.00 dgkc 3,496,500 627,159,168 8.00 efert 12,124,300 670,428,230 8.00 efoods 882,200 128,008,063 8.00 engro 1,717,700 454,364,330 7.00 ffc 614,000 54,085,641 8.00 hubc 931,300 91,979,592 8.00 humnl 47,000 478,029 - isl 2,560,500 186,605,995 8.00 kel 25,207,100 197,500,322 9.00 mcb 190,000 37,453,967 9.00 mlcf 1,810,000 191,927,665 8.00 nbp 1,111,000 69,276,380 8.00 ncl 2,867,500 141,094,418 8.00 nml 1,092,700 137,594,482 8.00 ogdc 3,377,600 449,964,854 7.00 ppl 341,600 54,538,689 8.00 pso 846,200 301,785,236 8.00 ptc 5,528,100 80,398,077 8.00 quice 500 3,362 - tpl 7,920,500 116,939,645 9.00 trg 25,120,500 922,298,063 10.00 ubl 3,297,900 615,974,027 7.00 total 199,368,501 9,212,297,499 8.32 fauji fertilizer co. ltd. 29-dec 9:30 premier sugar mills 29-dec 11:00 cheshma sugar mille 29-dec 11:30 sindh abadgar's sugar mills 30-dec 4:00 chakwal spinning mills limited 30-dec 12:30 yousuf weaving mills limited 30-dec 12:30 hussein industries limited 30-dec 5:00 systems ltd 30-dec 5:30 jdw sugar mills 02-jan 11:00 dadabhoy cement industries ltd 02-jan 11:00 dadabhoy sack ltd 02-jan 11:30 dadabhoy construction technology ltd 02-jan 12:00 unilever pak foods 02-mar 2:30 board meetings company date time fixed line telecommunication paid up company cap(mn) pe open high low close chg volume electricity altern energy 3634 - 40.50 41.99 41.99 41.99 1.49 500 hub power xd 11572 15.01 123.84 126.39 123.50 125.15 1.31 1,197,200 japan power 1560 - 5.32 5.38 5.20 5.22 -0.10 2,185,000 k-electric ltd. 7932 38.54 9.20 9.30 9.18 9.25 0.05 21,979,500 kohinoor energy 1695 8.90 43.65 44.00 43.00 43.00 -0.65 303,500 kohinoor power 126 - 8.60 9.53 8.80 8.85 0.25 176,000 kot addu power 8803 9.16 78.47 79.25 78.10 79.03 0.56 2,713,500 nishat chunian power ltd xd 3673 7.59 55.93 56.55 55.50 55.58 -0.35 205,000 nishat power ltd 3541 7.82 59.10 60.95 58.50 60.66 1.56 368,500 pakgen power ltd 3721 4.61 24.00 25.20 24.18 25.19 1.19 1,574,000 tri-star power xd 150 172.34 10.87 11.55 10.90 11.03 0.16 618,500 engro powergen 3238 - 34.36 34.84 34.25 34.49 0.13 361,500 lalpir power xd 3798 - 22.05 23.15 22.25 23.15 1.10 2,293,000 saif power ltd. xd 3865 - 33.60 34.00 33.20 33.60 0.00 68,000 arshad energy l 80 - 15.55 15.50 15.00 15.20 -0.35 3,500 paid up company cap(mn) pe open high low close chg volume banks allied bank limited 11451 9.09 119.74 120.50 118.75 120.04 0.30 449,000 askari bank 12603 6.21 24.55 25.00 24.60 24.84 0.29 1,700,000 apna microfinance ba 2200 - 9.00 9.00 9.00 9.00 0.00 2,500 bankalfalah 15952 7.99 37.17 38.00 37.40 37.79 0.62 403,500 bankal-habib 11114 8.56 55.51 57.07 55.05 57.00 1.49 224,000 bank of khyber 10004 8.99 15.53 16.00 15.51 16.00 0.47 27,000 bankofpunjab 15551 5.76 17.58 17.99 17.51 17.56 -0.02 13,429,500 bankislami pak 10079 24.11 13.45 13.48 13.00 13.02 -0.43 47,500 faysal bank 11998 6.19 21.78 22.14 21.60 21.74 -0.04 1,038,000 habib bank ltd 14669 11.09 265.04 273.00 264.50 268.06 3.02 986,700 habib metropolitan bank 10478 5.16 37.50 38.25 37.25 37.69 0.19 827,000 js bank ltd 10725 6.07 10.50 10.84 10.50 10.56 0.06 2,768,500 mcb bank ltd xd 11130 10.38 232.89 241.51 234.00 238.32 5.43 644,700 meezan bank 10027 13.00 65.40 66.00 64.16 65.00 -0.40 29,500 national bank 21275 8.27 73.99 75.00 74.11 74.72 0.73 1,062,000 nib bank 103029 6.64 1.63 1.68 1.63 1.66 0.03 3,747,000 samba bank 10082 17.52 7.28 7.50 7.36 7.36 0.08 6,000 silkbank ltd 77998 - 1.78 1.83 1.76 1.80 0.02 1,589,500 soneri bank 11025 8.18 16.61 16.70 16.36 16.36 -0.25 61,500 stand chart bank 38716 9.97 23.35 24.26 23.40 23.84 0.49 16,000 summit bank ltd 17787 20.90 4.15 4.28 4.10 4.18 0.03 1,739,500 united bank ltd 12242 11.17 231.21 235.55 232.00 234.77 3.56 849,600 paid up company cap(mn) pe open high low close chg volume equity investment instruments 1st fid leasing 264 17.31 4.48 4.50 4.35 4.50 0.02 18,000 allied rental xd 1755 8.88 24.41 24.41 24.41 24.41 0.00 500 al-noor modaraba 210 - 5.11 5.40 5.30 5.40 0.29 6,000 b r r guardian modaraba 780 9.02 8.21 8.17 8.10 8.12 -0.09 71,000 crescent st modaraba 200 - 4.26 4.99 4.00 4.70 0.44 86,500 elite cap modaraba 113 6.75 5.39 5.69 5.01 5.06 -0.33 364,000 equity modaraba xd 524 28.62 5.89 6.25 5.80 6.01 0.12 103,000 golden arrow 760 3.57 12.87 13.35 12.89 13.23 0.36 472,000 habib modaraba 1008 6.91 10.46 10.50 10.40 10.50 0.04 22,000 i b l modaraba 202 18.46 4.75 4.80 4.80 4.80 0.05 10,000 kasb modaraba xd 481 13.13 3.02 3.02 3.02 3.02 0.00 500 mod al-mali xd 184 20.00 5.05 5.12 5.00 5.00 -0.05 3,000 nat bank modaraba 250 - 4.36 4.80 4.45 4.45 0.09 7,500 pak modaraba 125 32.42 4.16 4.35 3.85 3.89 -0.27 136,500 paramount modaraba 138 11.23 9.15 9.43 9.43 9.43 0.28 500 picic growth fund 2835 4.77 30.44 30.89 30.00 30.65 0.21 1,144,500 picic inv fund 2841 4.28 14.39 14.45 14.00 14.21 -0.18 181,500 prud modaraba 1st 872 10.61 3.52 3.59 3.22 3.29 -0.23 875,000 punjab modaraba xd 340 4.49 12.30 12.70 12.10 12.45 0.15 4,000 tri-star 1st modaraba 212 - 8.00 8.99 7.75 8.29 0.29 7,000 trust modaraba 298 9.91 6.00 5.75 5.75 5.75 -0.25 1,000 u d l modaraba xd 264 6.15 34.81 35.49 34.85 34.85 0.04 13,500 paid up company cap(mn) pe open high low close chg volume gas water and multiutilities suinorthgas 6342 33.44 79.04 80.15 75.55 78.59 -0.45 13,098,000 suisouthgas 8809 14.53 36.35 36.94 35.69 36.03 -0.32 3,614,000 hascolpetrolxd 1207 135.93 330.79 347.32 334.61 337.10 6.31 2,570,400 hi-techlubri. 1160 45.47 111.04 114.10 111.80 112.77 1.73 1,122,500 paid up company cap(mn) pe open high low close chg volume non life insurance adamjeeinsurance 3500 10.28 76.73 78.50 74.60 74.94 -1.79 1,693,000 askgeninsurance 544 5.97 30.00 30.50 30.00 30.50 0.50 53,000 atlasinsurance 702 9.81 82.51 84.49 83.25 84.00 1.49 6,000 centuryinsurance 457 2.11 29.30 29.50 29.50 29.50 0.20 4,000 crescentstarinsurance 827 7.66 9.80 10.15 9.82 10.03 0.23 1,009,500 cyanlimited 586 13.31 76.36 78.00 75.50 75.99 -0.37 73,000 efugeneralinsurance 2000 6.00 152.00 153.00 150.00 151.20 -0.80 9,100 habibinsurance 619 10.66 18.90 19.50 19.10 19.50 0.60 37,000 igiinsurance 1227 26.52 280.85 283.00 277.16 279.27 -1.58 136,300 jubileegen.ins 1569 12.53 108.00 108.00 108.00 108.00 0.00 300 pakgeninsurance 400 5.60 9.26 9.48 9.30 9.30 0.04 3,500 pakreinsurance 3000 8.80 40.22 40.75 39.65 40.29 0.07 141,000 picicinsltdxr 350 - 5.43 5.63 5.40 5.48 0.05 127,000 premierinsurance 209 6.50 21.00 21.49 20.10 20.59 -0.41 10,500 relianceinsurance 510 6.73 11.43 11.85 11.37 11.71 0.28 103,500 shaheeninsurance 450 13.52 8.20 8.00 7.63 7.84 -0.36 3,000 unitedinsurance 1803 4.51 22.00 22.01 21.70 21.71 -0.29 12,000 universalinsurance 416 5.92 18.50 18.40 17.50 18.40 -0.10 1,500 igilifeins.xdxb 605 52.29 82.00 81.50 79.22 80.00 -2.00 8,500 paid up company cap(mn) pe open high low close chg volume abbott(lab) 979 50.28 934.90 947.00 925.15 943.33 8.43 11,800 ferozsons(lab) 302 71.44 757.09 760.00 751.01 754.36 -2.73 6,250 glaxosmithkline 3185 37.56 230.45 234.00 230.55 231.39 0.94 174,800 highnoon(lab) 228 95.18 629.90 635.00 621.00 632.00 2.10 5,650 iblhealthcareltdxb 492 37.51 167.35 172.99 167.51 171.03 3.68 40,800 otsukapak 110 69.16 178.90 181.00 173.01 180.50 1.60 5,000 sanofi-aventis 96 51.28 2467.50 2590.87 2590.87 2590.87 123.37 1,050 searlepak 1399 61.53 643.46 654.85 644.00 650.42 6.96 437,400 wyethpak 142 21.30 4716.00 4740.00 4601.00 4605.76 -110.24 680 company from to div/bonus spot date agm/ /right eogm ghani gases # 04-jan 10-jan - - 11-jan saudi pak easing # 07-jan 14-jan - - 14-jan ghani glass 09-jan 16-jan 15(i) 05-jan - pib terminal 10-jan 17-jan 16.945(r) 06-jan - linde pakistan # 11-jan 17-jan - - 17-jan cyan limited 13-jan 20-jan 25(ii) 11-jan - siemens (pak) engg 16-jan 23-jan 1200(f) 12-jan 24-jan sui northern gas pipelines 18-jan 26-jan - - 26-jan mehran sugar mills 25-jan 31-jan 22.5(f) 23-jan 31-jan book closures indications # extraordinary general meeting pak datacom 98 7.98 85.06 89.31 84.99 88.99 3.93 210,000 pakistantelecomm coa 37740 - 17.04 17.37 17.01 17.11 0.07 1,287,500 telecard 3000 79.17 4.81 4.86 4.72 4.75 -0.06 1,677,500 worldcalltele 8606 - 2.63 2.65 2.58 2.60 -0.03 3,170,500 financial services mcb-arif habib 720 7.49 28.01 29.00 28.99 29.00 0.99 3,500 arif habib limited 550 4.45 74.54 76.00 74.10 75.08 0.54 54,000 arif habib corp 4538 25.00 41.29 42.43 41.69 42.00 0.71 477,000 dawood equities 250 3.87 7.16 7.22 7.06 7.20 0.04 58,500 escorts bank 441 - 3.95 3.99 3.79 3.79 -0.16 75,500 first credit & invest bank ltd 650 20.57 7.00 7.50 7.01 7.20 0.20 6,000 first national equity 1418 6.25 10.89 11.02 10.52 10.69 -0.20 269,500 grays leasing 215 1222.00 6.89 6.68 6.11 6.11 -0.78 2,000 igi investment bank 2121 34.88 2.90 2.92 2.74 2.79 -0.11 555,000 invest and fin sec 200 18.29 132.79 137.60 126.16 126.58 -6.21 61,500 invest bank 2849 3.11 2.29 2.30 2.20 2.21 -0.08 265,000 ist cap securities 3166 146.25 5.82 6.09 5.68 5.85 0.03 3,089,500 ist dawood bank 1484 87.50 3.57 3.61 3.49 3.50 -0.07 513,500 jah siddiq co 9159 8.00 24.51 25.26 24.60 24.71 0.20 5,335,500 js investment 802 7.27 15.11 16.00 15.40 15.77 0.66 79,500 orix leasing 821 5.60 46.50 46.51 45.75 45.75 -0.75 19,000 pervez ahmed sec 1866 - 2.51 2.56 2.46 2.49 -0.02 1,651,500 saudi pak leasing 452 19.56 3.32 3.35 3.05 3.13 -0.19 92,500 sec inv bank 514 452.00 4.83 4.57 4.51 4.52 -0.31 18,000 security leasing 363 - 7.36 7.71 7.00 7.40 0.04 93,000 trust brokerage 100 - 11.65 12.20 10.65 10.65 -1.00 66,000 trust inv bank 892 19.94 3.82 3.90 3.50 3.59 -0.23 200,000 sme leasing ltd 320 - 3.70 3.90 3.65 3.73 0.03 7,500 next capital 200 41.05 18.63 19.19 17.63 18.06 -0.57 223,000 paid up company cap(mn) pe open high low close chg volume century paper 1470 13.22 60.11 60.50 59.51 59.76 -0.35 150,000 security paper 593 10.51 99.57 100.44 99.50 100.04 0.47 23,900 industrial metals and mining all share islamic index automobile and parts paid up company cap(mn) pe open high low close chg volume agriautos ind 144 37.24 343.18 344.00 341.00 342.20 -0.98 15,200 atlas battery 174 22.59 819.89 849.00 828.00 831.00 11.11 2,600 atlas honda 1034 - 589.00 588.00 580.00 580.64 -8.36 3,900 baluchistan wheels limited 133 39.00 133.10 138.99 133.00 133.00 -0.10 1,000 dewanmotors 1387 - 37.29 37.90 36.65 37.08 -0.21 1,738,000 exide (pak) 78 13.10 963.62 980.00 960.00 979.90 16.28 2,800 general tyre 598 55.27 276.89 278.97 276.00 276.88 -0.01 38,000 ghandhara nissan 450 - 326.40 331.00 324.10 324.94 -1.46 523,300 ghani automobile ind 500 - 12.21 12.42 11.98 12.02 -0.19 1,569,500 honda atlas cars 14287516.44 666.43 688.00 669.00 676.48 10.05 246,200 indus motors 786 63.73 1578.95 1597.99 1565.00 1585.70 6.75 61,100 pak suzuki 823 35.73 627.12 635.00 627.12 628.82 1.70 61,100 sazgar engineering 180 36.62 93.59 94.90 92.00 92.29 -1.30 51,500 tokyo: japan's nikkei share aver- age was flat on wednesday morn- ing in thin end-of- year trade, while toshiba corp tum- bled 20 percent on continued concerns about posting a big special loss. the nikkei was barely changed at 19,401.70 in mid- morning trade, after opening slightly lower. traders said that the japanese stock market will likely stay directionless from here and is expected to end the year around the current level. "most foreign investors and insti- tutional investors are on the sidelines now," said takuya takahashi, a strategist at daiwa securities. takahashi said that attention would be on news of individual developments such as toshiba, which is diving again on loss worries, as well as hitachi koki co, which is soaring on a media report that hitachi ltd is considering selling the compa- ny to kkr & co. toshiba stumbled the 20 percent daily limit, extend- ing its fall from the previous day after the company said it may have to book several billion dol- lars in charges related to its acquisition of a u.s. nuclear power business. hitachi koki soared 15 percent after the nikkei newspaper report- ed that negotia- tions between hitachi and u.s. private equity firm kkr were in the final stages and that an official agreement could be reached next month. inpex corp rose 1.3 percent and japan petroleum exploration gained 1.7 percent. oil gained 1.5 percent tuesday, before edging down in wednesday asian trade. the broader topix was flat at 1,535.71 and the jpx-nikkei index 400 was also flat at 3,774.02. nikkei flat in thin trade; toshiba dives as hitachi soars life insurance paid up company cap(mn) pe open high low close chg volume efu lifeassurance 1000 14.14 209.40 209.00 205.25 208.50 -0.90 3,400 jubilee life in 721 25.36 547.00 569.99 560.00 569.99 22.99 1,100 hong kong stocks up after christmas break on commodity strength sri lankan shares rise nearly 0.5pc in high turnover colombo: sri lankan shares closed about half a percent higher on wednesday, recovering from a more than eight-month closing low hit in the previous session, led by blue chips such as john keells holdings and hatton national bank. turnover was 1.73 billion rupees ($11.59 million), more than twice the daily average of 739.5 million rupees for this year. commercial bank of ceylon and sunshine holdings accounted for 48.3 per- cent and 44 percent of the turnover, respectively. the colombo stock index fin- ished 0.41 percent higher at 6,228.51, bouncing back from its lowest close since april 6 hit in the prior session. it shed around 2.1 percent in the 10 sessions through tuesday. "blue chips lifted the market. i think it was mostly due to window dressing ahead of the year- end," said atchuthan srirangan, a senior research analyst with first capital equities (pvt) ltd. foreign investors bought a net 16.2 million rupees worth shares on wednesday, extending the year- to-date net foreign inflows to 627.5 million rupees in equities. top conglomerate john keells rose 1.1 percent, while hatton national bank gained 2.65 per- cent. commercial bank of ceylon closed 2.1 percent higher, while sunshine ended flat. paid up company cap(mn) pe open high low close chg volume pharma and bio tech sydney: australian shares closed at their highest in nearly 17 months on wednesday, resuming their post- trump rally after losses in the previous session as basic materials stocks led broad-based gains. the s&p/asx 200 index ended 1 percent, or 57.05 points, higher at 5,685, the highest close since aug. 4, 2015. the benchmark had lost 0.3 percent on friday, the last trading before a holi- day break, but gained 1.7 percent last week. the benchmark is on track to rise for a third- straight quarter in what will be its longest streak of quarterly gains since march 2014. investor sentiment was also supported by a high- er wall street on news that american consumer confidence shot to its highest in more than 15 years in december. u.s. equities have been riding a post-presidential election rally, feeding on optimism that donald trump's plans for deregu- lation and infrastructure spending could bolster the economy. the australian mining index on wednesday closed at its highest since mid-december, as a rally in base metals prices drove gains. major miners rio tinto, fortescue, and bhp billiton added between 2.4 percent to 3.5 percent. gold stocks were the top performers among miners, with resolute mining seeing its biggest percentage gain in four months, as gold prices extended gains on strong technical signals. consumer stocks too advanced, with retailers woolworths up 1.9 per- cent and wesfarmers gaining 1.1 percent. australia shares end at their highest in nearly 17 months; nz flat futures higher after nasdaq closes at record level new york: u.s. stock index futures rose on wednesday, a day after strong economic data helped the nasdaq close at a record high. with year-end celebra- tions around the corner, trading volumes are like- ly to remain light. oil prices rose for the fourth day in a row and hovered close to a 2016 high ahead of a supply limit deal that will come into effect from jan. 1. u.s. equities have been riding a post-election rally, feeding on opti- mism that donald trump's policies would be business friendly, especially to banks and industrials. the rally has also been supported by a spate of strong economic data. the dow jones industrial average is like- ly to make a fresh attempt at breaching the elusive 20,000 mark, after com- ing within 20 points of the milestone on tuesday. meht 220.00231.00231.00220.000.00100 msot 155.39161.90161.90155.390.00100 bata 4,700.004,700.004,700.004,700.000.0020 attock petroleum 82912.34679.65689.00680.00680.100.4592,000 attock refinery 85310.30422.56429.00419.01420.75 -1.811,341,300 burshane lpg 22627.5566.0067.8565.6565.84 -0.1613,000 byco petroleum 9779 - 23.1223.5123.1123.160.042,572,500 mari gas company 110347.911393.571410.001379.101384.04 -9.5328,650 national refinery 80015.59574.68578.50560.00562.37 -12.31357,900 oil & gas development 430096.41164.02165.95164.40165.081.062,877,000 p.s.o 27178.47425.59434.40427.90429.714.121,394,200 pak oilfields 23659.94533.33545.87535.81542.128.79692,100 pak petroleum 197177.16189.20193.90189.00192.062.861,253,100 pak refinery limited 29401.2544.2344.6043.6543.74 -0.491,083,000 shell pakistan 1070 - 478.54501.50481.00487.909.36228,900 abdullahshahghazisugar 79317.897.017.996.807.870.86750,500 adamsugar 1738.2253.0053.2051.7152.28 -0.728,500 al-abbassugar 17475.01294.35309.06304.00309.0614.711,300 al-noorsugar 205 - 72.7076.3376.3376.333.637,000 chashmasugar 28713.0387.9892.3788.9590.662.6848,600 cloverpakistan 94 - 50.6051.5050.5050.56 -0.0432,000 dewansugar 665 - 7.177.347.007.00 -0.1717,000 engrofoodsltd. 766652.94171.44180.01172.25180.018.573,428,600 faransugar 25020.15171.94176.00167.50173.291.35124,600 habibsugar 75032.8947.5048.0047.2147.36 -0.1439,500 habib-admltd 2007.1524.2024.3024.3024.300.10500 haseebwaqas 324 - 12.0312.7512.0012.350.32699,000 ismailind 63885.34373.06391.71385.00391.7118.652,500 mehransugar 32010.11184.61184.44178.10184.44 -0.17500 mirpurkhassugarxd 12323.40209.88211.99205.00211.501.6225,100 mirzasugar 141 - 4.014.054.054.050.041,000 mithchellsfruit 7917.84342.00353.00338.00351.909.907,600 nationalfoods 103619.68375.22376.00372.00372.35 -2.871,000 nestlepakistan 45354.808712.519148.138800.009145.71433.203,300 noonsugar 1654.9445.8345.5944.9545.47 -0.3629,500 pangriosugar 109 - 4.704.754.454.750.053,500 premiersugar 385.76152.95152.00150.00150.50 -2.45600 punjaboil 5448.64331.00324.78321.00321.00 -10.00800 quicefood 985 - 8.919.358.929.060.151,106,500 ssoil 573.4055.9357.0056.0056.951.025,000 sakrandsugar 223 - 6.717.307.007.000.292,500 shahmuradsugar 21129.0858.7161.6458.0061.642.93112,000 shahtajsugar 12014.32167.38167.37159.03165.00 -2.3818,500 sindabadgar 1043.3724.5024.0023.5023.85 -0.652,500 al-shaheercorp 1421 - 60.0560.5059.0759.18 -0.87547,000 imperialsugarltd. 990 - 7.998.107.907.97 -0.0246,500 jauharabadsuga 109 - 66.0066.5065.0065.00 -1.004,000 diamondind 9013.1142.8543.0043.0043.000.152,000 halaenterprise 68 - 9.519.689.509.530.026,000 feroze1888millslimited 376860.94190.28199.70193.00193.172.891,600 pakelektron 4977105.9767.6568.2567.7567.820.171,241,000 singerpak 45452.7746.7748.9946.0048.021.252,518,000 tariqglassind 73538.0799.02103.9797.11102.803.78850,000 tpltrakkerltd 2172 - 17.4217.9017.5017.670.252,780,500 amtexlimited 2594 - 3.073.153.013.04 -0.03477,500 arujindustries 10510.7128.2529.6629.6629.661.41500 ashfaqtextile 3503.3910.009.109.059.05 -0.954,500 asimtextile 1521.198.008.208.108.100.101,500 azgardnine 44931.518.268.408.108.15 -0.111,142,500 bannuwoolen 954.6370.2272.5571.0071.000.7816,000 bilalfibres 1413.817.498.497.988.491.0062,500 brotherstextile 988.035.386.005.625.860.4815,500 chakwalspinning 4001.575.505.715.555.620.12103,500 chenablimited 1150 - 6.666.926.606.65 -0.01270,500 chenabltdpref 800 - 2.963.102.822.91 -0.05235,500 crescentjute 238 - 4.064.213.753.92 -0.1486,000 crescenttextile 80012.1827.6227.6027.3027.41 -0.21117,000 dsindltd 6003.276.006.376.006.020.02471,000 dawoodlawrencepur 59157.41249.40254.90247.05254.905.501,000 dewanfarooquespinning 978347.694.404.694.464.520.12204,000 dewankhalidtextile 961.598.327.777.777.77 -0.55500 elahicotton 1312.8057.3659.9059.9059.902.54500 gadoontextile 2805.85248.15251.50247.00247.83 -0.3221,100 ghanivalueglass 3006.2521.5021.7521.7521.750.25500 ghazifabrics 32617.057.957.897.507.50 -0.455,000 glamourtextile 26620.5855.2656.4052.5056.401.142,000 gulahmedtextile 297114.7851.4252.3051.2551.570.15668,000 hmismail 120 - 6.445.905.755.80 -0.646,500 hiratextilemillslimited 8668.1213.0213.1812.9013.070.05121,500 ibrahimfibres 31053.5467.1166.0066.0066.00 -1.111,000 intknitwearxd 65 - 15.3616.2015.5516.190.831,500 ishaqtextile 971.389.899.259.259.25 -0.64500 jkspinning 6093.3231.3931.5029.8529.85 -1.549,000 jananadmalxd 481.73110.88109.10109.00109.00 -1.881,300 jubileespinning 32552.008.008.007.807.80 -0.203,000 khalidsiraj 107 - 5.206.205.696.201.0030,000 kohattextile 2083.2017.8517.3017.3017.30 -0.551,500 kohinoorind 30324.227.757.967.707.750.0087,500 kohinoormills 5091.3939.5038.5038.0038.50 -1.005,500 kohinoorspinning 13002.916.667.106.606.760.10600,500 kohinoortextile 282439.65112.50116.00112.50114.592.09219,000 miantextile 221 - 3.583.583.583.580.003,000 mohdfarooq 189 - 4.284.474.254.25 -0.0318,500 mubaraktextile 54 - 4.755.005.005.000.252,500 nationalsilk 1564.9448.6946.2746.2648.690.00400 nishat(chunian) 24024.8360.6461.8860.8061.060.422,685,000 nishatmills 351610.19150.55152.70151.00151.170.62695,700 olympiaspinning 120 - 8.009.008.259.001.00228,000 ravitextile 250 - 6.096.106.006.00 -0.098,000 relianceweaving 3082.7038.0037.0036.7536.75 -1.252,000 rubytextile 522 - 12.9213.1512.5113.040.1228,000 rupalipoly 341 - 20.0120.5019.3120.500.492,500 safatextile 4018.595.646.005.215.950.3129,500 saiftextile 2641.6522.3123.4123.4123.411.102,000 sajjadtextile 2131.316.206.306.296.300.101,500 sallytextile 880.6312.5012.6512.6512.650.151,000 samintextile 267 - 8.708.858.708.850.1568,000 sanaind 869.1572.4070.5170.5170.51 -1.891,000 saritowspinning 2981.729.179.209.109.170.0018,000 servicefabrics 1585.0612.1112.4011.8011.93 -0.18194,500 serviceind 120140.751480.401500.001465.001490.5410.148,450 servicetextile 440.6610.9611.9611.8611.940.987,500 shadabtextile 301.5953.8055.7955.0055.001.202,000 shieldcorp 39163.26535.50560.00550.00559.9924.49250 surajcotton 2903.29134.72129.00129.00134.720.00412,700 thalltd 40528.01510.01514.79503.10511.991.98196,000 treetcorp 140716.9163.7064.4063.5163.57 -0.13529,500 tri-starpoly 215 - 14.2214.6014.0614.17 -0.05232,500 yousufweaving 4003.755.375.795.355.470.102,293,000 zahidjeetex.xb 18232.5015.0115.4714.5014.78 -0.237,500 zillimited 61190.6090.2591.4989.0191.491.241,500 colonytex.millsltd 4980 - 5.726.055.725.750.03119,000 agritech limited 3924 - 11.9012.0511.8111.85 -0.05187,500 biafo ind xb 22022.52320.00321.00317.10318.05 -1.9519,300 archroma pak xd 34122.66787.52798.00778.00780.99 -6.539,000 dawood hercules 4813407.94140.74142.99140.00142.782.04129,300 descon oxychem limited 1020 - 17.1017.3916.7116.75 -0.35512,000 dewan salman 3663 - 4.935.004.684.76 -0.172,270,500 dynea pak 946.0452.0253.4952.9953.000.984,500 engro corporation ltd 523832.66313.27319.99313.52319.466.191,712,500 engro polymer 663518.2717.8018.3517.8418.270.475,122,000 fatima fertilizer 2100011.3635.7936.5536.0036.350.561,027,500 fauji fertilizer 127227.16103.13104.15103.30103.730.601,919,300 fauji fertilizer bin qasim 93419.7450.2251.5950.6051.030.811,418,000 gatron ind 38416.0393.0392.5091.0091.38 -1.65400 ghani gases ltd 12489.7424.0024.5023.7423.87 -0.131,184,000 ici pakistan 924103.14998.291013.00991.00997.40 -0.8938,000 ittehad chemical 6504.9039.8539.9839.3739.75 -0.1022,500 leiner gelatine 7533.8641.1841.9939.1341.990.8114,500 linde pakistan ltd. 25016.07175.92184.71176.00177.211.29133,800 lotte chemical 1514214.238.108.358.098.110.014,537,000 nimir ind chemical 55389.3944.4944.4042.8143.80 -0.6921,000 pak gum 428.32157.00159.99154.00159.432.432,000 shaffi chemical 12047.6413.8913.9813.2013.34 -0.55124,500 sitara chem ind 21412.11571.00570.00566.00570.00 -1.00900 sitara peroxide 551 - 32.6433.0531.9032.08 -0.56352,500 united distributors 2423.1070.0071.3069.9970.880.8897,500 wah-noble xd 9011.08131.30132.00130.00130.00 -1.302,500 engro fert. 13309118.3766.2267.9866.2567.471.255,477,000 crescentsteel 77612.40150.36154.44149.50153.162.80350,900 doststeelsltd 3157 - 10.6810.8310.5010.53 -0.156,201,000 huffazpipe 555 - 25.5826.4025.5025.600.027,000 inter.steelltd. 4350291.8897.4797.9096.0096.32 -1.15962,000 internationalind 119946.66206.03207.75202.75204.82 -1.21143,000 siddiqsonstin 785 - 15.8716.0015.8215.85 -0.0265,500 aishasteelmill 2713 - 16.1516.3515.9015.99 -0.164,319,000 attock cement 114515.29315.01321.00319.00319.003.997,400 balochistan glass ltd 1716 - 13.9814.3013.8013.980.00112,000 berger paints 182124.32184.07189.00182.50184.00 -0.075,500 bestway cement xd 596331.95272.89278.50270.06271.24 -1.6552,100 buxly paints 14 - 111.15116.70110.00116.605.4511,000 cherat cement 176613.46171.59173.75171.80173.261.67450,400 dandot cement 948 - 14.5014.9014.5014.510.0143,000 dewancement 484132.7837.2339.0937.0239.011.7818,903,500 dg khan cement ltd 438116.22213.69219.39214.00218.354.664,877,100 faujicement 1379828.5242.1243.3842.1043.060.9411,295,000 fecto cement 5028.88118.00121.90118.50120.012.01189,800 flying cement ltd 1760 - 14.0014.7414.3014.440.44803,000 frontier ceramics 379 - 9.009.309.159.150.153,000 gammon pak 283 - 35.9035.9035.5035.50 -0.403,500 gharibwal cement 400328.9050.0050.0050.0050.000.004,000 haydery const 32573.005.605.995.605.730.1314,000 javedan cement 12943.2833.0034.0033.0033.500.5046,500 kohat cement 154514.30284.11288.00282.25283.00 -1.1142,200 lucky cement 323429.97831.32853.00835.50840.298.97423,500 maple leaf cement 527721.63125.86127.40125.30125.890.033,422,500 pioneer cement 227121.72139.57141.00139.60140.320.751,451,900 power cement ltd. 36578.4413.1413.4313.1013.160.023,611,000 safe mix concrete 25026.169.459.709.519.680.2336,000 shabbirtiles 119717.6911.3111.6811.3011.500.191,169,000 thatta cement 99732.8835.6936.4435.7035.840.15337,500 synthetic prodxd 774 - 66.0067.0065.9966.140.1468,500 akzo nobel pak.xd 464 - 237.88241.00237.70238.110.23101,500 cherat packagin 29650.30338.01340.00331.10336.50 -1.515,700 ecopack ltd xb 287 - 24.2024.8924.1024.370.17161,500 ghani glass 219222.01148.00149.00149.00149.001.00500 macpac films 3892.4023.0723.3023.3023.300.231,500 merit pack 403 - 24.0124.2423.7124.010.0031,000 packages ltd 89429.55813.67840.00816.21838.1624.4972,750 siemens engineering 82 - 1468.391495.001450.001462.23 -6.166,550 tri-pack films 38817.71268.58271.40265.00266.35 -2.2394,800 ghani global glass l 10003.3122.4922.5022.0722.41 -0.08259,000 al-ghazi tractor 29026.69575.01575.50565.00566.90 -8.1147,400 bolan casting 115 - 64.0067.2064.5065.781.7899,000 ghandhara ind 213115.36666.77682.00664.00669.062.29105,100 hinopak motor 124753.071650.001675.001620.001649.23 -0.772,140 ksb pumps 13238.08371.36389.92371.00389.9218.5653,100 millat tractors 44318.45889.11899.98870.00872.64 -16.4733,250 pak engineering 57 - 339.00344.00342.00342.003.001,300 amreli steels l 2970 - 67.1467.7066.5066.63 -0.51659,500 drekkar kings 100 - 11.6711.7411.5211.58 -0.0953,500 mughal iron&ste 1258 - 85.4187.8585.7586.290.88251,000 pak int containerterminal 109215.76367.50367.00361.05367.00 -0.50500 pnsc xd 132160.98155.17162.00155.80159.163.99148,500 pak int.bulk 127071.4332.7933.6832.8533.260.475,584,000 johnson & philips 43.744.954343.970.279000 pakistan cables 358.33375354.11358.770.4499200 trg pak ltd 44.8745.3144.6544.8 -0.073631500 murree brewery 946.53955934937.75 -8.783750 shezan inter. 460475461470.3610.365200 pak tobacco 1244.61306.831269130055.42240 shifa int.hosp 309.43308.1307308 -1.432500 media times ltd 4.614.744.554.57 -0.04945500 p.i.a.c.(a) 9.099.289.049.110.023134000 akd capital 157.89165.78151.03165.787.893200 pace (pak) ltd. 10.9111.1810.8510.990.084010500 netsol tech. 54.5555454.39 -0.1188500 aicl 3,926,000238,980,18510.00 akbl 5,735,700118,547,3588.00 astl 740,50041,720,71610.00 atrl 1,534,900513,735,1608.00 bafl 17,072,900503,219,9008.00 bahl 160,5007,448,7128.00 bop 50,083,600723,090,91510.00 chcc 1,350,500192,047,2678.00 dgkc 3,496,500627,159,1688.00 efert 12,124,300670,428,2308.00 efoods 882,200128,008,0638.00 engro 1,717,700454,364,3307.00 ffc 614,00054,085,6418.00 hubc 931,30091,979,5928.00 humnl 47,000478,029 - isl 2,560,500186,605,9958.00 kel 25,207,100197,500,3229.00 mcb 190,00037,453,9679.00 mlcf 1,810,000191,927,6658.00 nbp 1,111,00069,276,3808.00 ncl 2,867,500141,094,4188.00 nml 1,092,700137,594,4828.00 ogdc 3,377,600449,964,8547.00 ppl 341,60054,538,6898.00 pso 846,200301,785,2368.00 ptc 5,528,10080,398,0778.00 quice 5003,362 - tpl 7,920,500116,939,6459.00 trg 25,120,500922,298,06310.00 ubl 3,297,900615,974,0277.00 total 199,368,5019,212,297,4998.32 altern energy 3634 - 40.5041.9941.9941.991.49500 hub power xd 1157215.01123.84126.39123.50125.151.311,197,200 japan power 1560 - 5.325.385.205.22 -0.102,185,000 k-electric ltd. 793238.549.209.309.189.250.0521,979,500 kohinoor energy 16958.9043.6544.0043.0043.00 -0.65303,500 kohinoor power 126 - 8.609.538.808.850.25176,000 kot addu power 88039.1678.4779.2578.1079.030.562,713,500 nishat chunian power ltd xd 36737.5955.9356.5555.5055.58 -0.35205,000 nishat power ltd 35417.8259.1060.9558.5060.661.56368,500 pakgen power ltd 37214.6124.0025.2024.1825.191.191,574,000 tri-star power xd 150172.3410.8711.5510.9011.030.16618,500 engro powergen 3238 - 34.3634.8434.2534.490.13361,500 lalpir power xd 3798 - 22.0523.1522.2523.151.102,293,000 saif power ltd. xd 3865 - 33.6034.0033.2033.600.0068,000 arshad energy l 80 - 15.5515.5015.0015.20 -0.353,500 allied bank limited 114519.09119.74120.50118.75120.040.30449,000 askari bank 126036.2124.5525.0024.6024.840.291,700,000 apna microfinance ba 2200 - 9.009.009.009.000.002,500 bankalfalah 159527.9937.1738.0037.4037.790.62403,500 bankal-habib 111148.5655.5157.0755.0557.001.49224,000 bank of khyber 100048.9915.5316.0015.5116.000.4727,000 bankofpunjab 155515.7617.5817.9917.5117.56 -0.0213,429,500 bankislami pak 1007924.1113.4513.4813.0013.02 -0.4347,500 faysal bank 119986.1921.7822.1421.6021.74 -0.041,038,000 habib bank ltd 1466911.09265.04273.00264.50268.063.02986,700 habib metropolitan bank 104785.1637.5038.2537.2537.690.19827,000 js bank ltd 107256.0710.5010.8410.5010.560.062,768,500 mcb bank ltd xd 1113010.38232.89241.51234.00238.325.43644,700 meezan bank 1002713.0065.4066.0064.1665.00 -0.4029,500 national bank 212758.2773.9975.0074.1174.720.731,062,000 nib bank 1030296.641.631.681.631.660.033,747,000 samba bank 1008217.527.287.507.367.360.086,000 silkbank ltd 77998 - 1.781.831.761.800.021,589,500 soneri bank 110258.1816.6116.7016.3616.36 -0.2561,500 stand chart bank 387169.9723.3524.2623.4023.840.4916,000 summit bank ltd 1778720.904.154.284.104.180.031,739,500 united bank ltd 1224211.17231.21235.55232.00234.773.56849,600 1st fid leasing 26417.314.484.504.354.500.0218,000 allied rental xd 17558.8824.4124.4124.4124.410.00500 al-noor modaraba 210 - 5.115.405.305.400.296,000 b r r guardian modaraba 7809.028.218.178.108.12 -0.0971,000 crescent st modaraba 200 - 4.264.994.004.700.4486,500 elite cap modaraba 1136.755.395.695.015.06 -0.33364,000 equity modaraba xd 52428.625.896.255.806.010.12103,000 golden arrow 7603.5712.8713.3512.8913.230.36472,000 habib modaraba 10086.9110.4610.5010.4010.500.0422,000 i b l modaraba 20218.464.754.804.804.800.0510,000 kasb modaraba xd 48113.133.023.023.023.020.00500 mod al-mali xd 18420.005.055.125.005.00 -0.053,000 nat bank modaraba 250 - 4.364.804.454.450.097,500 pak modaraba 12532.424.164.353.853.89 -0.27136,500 paramount modaraba 13811.239.159.439.439.430.28500 picic growth fund 28354.7730.4430.8930.0030.650.211,144,500 picic inv fund 28414.2814.3914.4514.0014.21 -0.18181,500 prud modaraba 1st 87210.613.523.593.223.29 -0.23875,000 punjab modaraba xd 3404.4912.3012.7012.1012.450.154,000 tri-star 1st modaraba 212 - 8.008.997.758.290.297,000 trust modaraba 2989.916.005.755.755.75 -0.251,000 u d l modaraba xd 2646.1534.8135.4934.8534.850.0413,500 suinorthgas 634233.4479.0480.1575.5578.59 -0.4513,098,000 suisouthgas 880914.5336.3536.9435.6936.03 -0.323,614,000 hascolpetrolxd 1207135.93330.79347.32334.61337.106.312,570,400 hi-techlubri. 116045.47111.04114.10111.80112.771.731,122,500 adamjeeinsurance 350010.2876.7378.5074.6074.94 -1.791,693,000 askgeninsurance 5445.9730.0030.5030.0030.500.5053,000 atlasinsurance 7029.8182.5184.4983.2584.001.496,000 centuryinsurance 4572.1129.3029.5029.5029.500.204,000 crescentstarinsurance 8277.669.8010.159.8210.030.231,009,500 cyanlimited 58613.3176.3678.0075.5075.99 -0.3773,000 efugeneralinsurance 20006.00152.00153.00150.00151.20 -0.809,100 habibinsurance 61910.6618.9019.5019.1019.500.6037,000 igiinsurance 122726.52280.85283.00277.16279.27 -1.58136,300 jubileegen.ins 156912.53108.00108.00108.00108.000.00300 pakgeninsurance 4005.609.269.489.309.300.043,500 pakreinsurance 30008.8040.2240.7539.6540.290.07141,000 picicinsltdxr 350 - 5.435.635.405.480.05127,000 premierinsurance 2096.5021.0021.4920.1020.59 -0.4110,500 relianceinsurance 5106.7311.4311.8511.3711.710.28103,500 shaheeninsurance 45013.528.208.007.637.84 -0.363,000 unitedinsurance 18034.5122.0022.0121.7021.71 -0.2912,000 universalinsurance 4165.9218.5018.4017.5018.40 -0.101,500 igilifeins.xdxb 60552.2982.0081.5079.2280.00 -2.008,500 abbott(lab) 97950.28934.90947.00925.15943.338.4311,800 ferozsons(lab) 30271.44757.09760.00751.01754.36 -2.736,250 glaxosmithkline 318537.56230.45234.00230.55231.390.94174,800 highnoon(lab) 22895.18629.90635.00621.00632.002.105,650 iblhealthcareltdxb 49237.51167.35172.99167.51171.033.6840,800 otsukapak 11069.16178.90181.00173.01180.501.605,000 sanofi-aventis 9651.282467.502590.872590.872590.87123.371,050 searlepak 139961.53643.46654.85644.00650.426.96437,400 wyethpak 14221.304716.004740.004601.004605.76 -110.24680 pak datacom 987.9885.0689.3184.9988.993.93210,000 pakistantelecomm coa 37740 - 17.0417.3717.0117.110.071,287,500 telecard 300079.174.814.864.724.75 -0.061,677,500 worldcalltele 8606 - 2.632.652.582.60 -0.033,170,500 mcb-arif habib 7207.4928.0129.0028.9929.000.993,500 arif habib limited 5504.4574.5476.0074.1075.080.5454,000 arif habib corp 453825.0041.2942.4341.6942.000.71477,000 dawood equities 2503.877.167.227.067.200.0458,500 escorts bank 441 - 3.953.993.793.79 -0.1675,500 first credit & invest bank ltd 65020.577.007.507.017.200.206,000 first national equity 14186.2510.8911.0210.5210.69 -0.20269,500 grays leasing 2151222.006.896.686.116.11 -0.782,000 igi investment bank 212134.882.902.922.742.79 -0.11555,000 invest and fin sec 20018.29132.79137.60126.16126.58 -6.2161,500 invest bank 28493.112.292.302.202.21 -0.08265,000 ist cap securities 3166146.255.826.095.685.850.033,089,500 ist dawood bank 148487.503.573.613.493.50 -0.07513,500 jah siddiq co 91598.0024.5125.2624.6024.710.205,335,500 js investment 8027.2715.1116.0015.4015.770.6679,500 orix leasing 8215.6046.5046.5145.7545.75 -0.7519,000 pervez ahmed sec 1866 - 2.512.562.462.49 -0.021,651,500 saudi pak leasing 45219.563.323.353.053.13 -0.1992,500 sec inv bank 514452.004.834.574.514.52 -0.3118,000 security leasing 363 - 7.367.717.007.400.0493,000 trust brokerage 100 - 11.6512.2010.6510.65 -1.0066,000 trust inv bank 89219.943.823.903.503.59 -0.23200,000 sme leasing ltd 320 - 3.703.903.653.730.037,500 next capital 20041.0518.6319.1917.6318.06 -0.57223,000 century paper 147013.2260.1160.5059.5159.76 -0.35150,000 security paper 59310.5199.57100.4499.50100.040.4723,900 agriautos ind 14437.24343.18344.00341.00342.20 -0.9815,200 atlas battery 17422.59819.89849.00828.00831.0011.112,600 atlas honda 1034 - 589.00588.00580.00580.64 -8.363,900 baluchistan wheels limited 13339.00133.10138.99133.00133.00 -0.101,000 dewanmotors 1387 - 37.2937.9036.6537.08 -0.211,738,000 exide (pak) 7813.10963.62980.00960.00979.9016.282,800 general tyre 59855.27276.89278.97276.00276.88 -0.0138,000 ghandhara nissan 450 - 326.40331.00324.10324.94 -1.46523,300 ghani automobile ind 500 - 12.2112.4211.9812.02 -0.191,569,500 honda atlas cars 14287516.44666.43688.00669.00676.4810.05246,200 indus motors 78663.731578.951597.991565.001585.706.7561,100 pak suzuki 82335.73627.12635.00627.12628.821.7061,100 sazgar engineering 18036.6293.5994.9092.0092.29 -1.3051,500 efu lifeassurance 100014.14209.40209.00205.25208.50 -0.903,400 jubilee life in 72125.36547.00569.99560.00569.9922.991,100

islamabad: the central shoora of the jamaat e islami, has desired that a larger bench of the supreme court should carry the panama leaks case against the prime minister and his family to its logical end, but if the court felt the need for set- ting up an enquiry commission, orders in this regard should also be issued without further delay. a resolution adopted by the shoora chaired by the ji ameer, senator sirajul haq, said that the enquiry commis- sion should submit its report to the supreme court larger bench within a specified period so that it did not meet the fate of the previous commissions includ- ing the hamoodur rahman commission, etc. the shoora demanded that the prime minister stopped dis- charging his official duties so that the dictates of justice were fulfilled. it further demanded that prime minister should per- sonally present to the court/ commission, the details of his assets within the country and abroad besides the assets of his family members along with the details of these remissions and taxes paid. it demanded that a new law pro- viding for the setting up of commission for enquiry and trial as already passed by the senate be also passed by the national assembly in the light of the direc- tives of the supreme court. the shoora also exhorted all political parties to extend full cooperation to the court/ enquiry commission in this task in order to free the homeland see # 18 page 7 ji shoora for sc larger bench for panama probe islamabad: senate standing committee on finance and revenue has rec- ommended across the board amnesty scheme instead for real estate as the federal board of revenue (fbr) has faced criticism and different sectors were demanding same treatment. senator saleem mandviwala chaired the meeting of the committee expressed their con- cerns over the matter and called for equal treatment. senator osman saifullah khan said the scheme is open ended. "it should be time bound and there should be some carrot and stick policy in this regard", senator osman saifullah khan proposed. the committee also dis- cussed in detail the issue of qarz-e-hasna barrowed by the government from different segments in connection with qarz uttaro mulk sanwaro scheme and the policy adopted by the government to retire the said qarz. the committee was given assurance by the secretary finance to settle the donations amounting to rs. 332.142 mil- lion for debt retirement where- as circulars would be issued to the banks for clearance of rs. 470.659 million on account of qarz-e-hasna. the committee was informed by the state bank of pakistan that a draft amendment is being proposed to declare sale of bank notes on premium as a punishable offence. the committee recommended that see # 17 page 7 senate body suggests across the board amnesty scheme new delhi: after lt gen aamir riaz, commander, southern command, suggested the indian government to shun enmity and join the china- pakistan economic corridor a few days ago, the indian media advised its government to become a part of the project rather than oppose it. also on friday, a chinese foreign ministry official said the cpec is an "open initia- tive" of its one belt one road project, but it would consider the possibility of other coun- tries joining it through consen- sus with pakistan. the hindu, a renowned indian english daily also saw it that way and advised its gov- ernment to become a part of the initiative which was com- menced in 2015 by pakistan and china. for one, the indian media has highlighted the role of china as a global power and its efforts in redrawing the whole one belt one road initiative of china along central asia, just to incorporate pakistan's interests. india has been unsuccessful in pinning pakistan down as far as terrorism is concerned, with china blocking india's efforts time and again to accuse pakistan of extending support to terrorist groups. also, it was china which thwarted india's efforts to become a member of the nuclear suppliers group. according to the hindu, not only china but another impor- tant player in the region, iran has expressed the desire for gwadar to be a 'sister port' to chabahar. not only that, sever- al central asian states such as turkmenistan and others want to see gwadar developed as an important port through which goods can move through pakistan to the chinese city of kashgar. noting the importance of the meeting in moscow among russian, chinese and pakistani see # 16 page 7 indian media advises govt to join cpec peshawar: governor khyber pakhtunkhwa engr. iqbal zafar jhagra has said that agriculture is the backbone of the national economy which can play a pivotal role in boost- ing up economic development of the country. it is the responsibility of the agriculture university and other relevant institutions and departments to introduce such scientific advancements which can further ameliorate research based activities in agriculture sector. this, he said, while presiding over the senate meeting of the khyber pakhtunkhwa's university of agriculture here wednesday wherein lengthy agenda of further streamlining the working of the institution was discussed. the meeting besides others was also attended by provincial minister for agriculture, ikram ullah gandapur, vice chancellor agriculture university, prof. dr. zahoor swati, secretary higher education, secretary agriculture, principal secretary to governor, repre- sentatives of higher education commission and members of the senate of the university. the agriculture university, the governor said can play a vital role in the development of agriculture sector of the see # 12 page 7 agriculture can play pivotal role in boosting economic uplift jhagra tells agri university senate president lauds isi role in eliminating terrorism islamabad: president mamnoon hussain has lauded the role of isi in eliminating terrorism from the country. he was talking to director general isi, lt. general naveed mukhtar who called on him in islamabad on wednesday. the president expressed the hope that the agency will come up to the expectations of the nation in defeating the nefari- ous designs of enemies. mamnoon hussain congratu- lated lt. general naveed mukhtar on becoming the head of the leading intelligence agency of the country. - nni islamabad: chairman national accountability bureau qamar zaman chaudhry has said that nab is performing its duties within the domain of constitution and the provision of the plea bargain exists in the laws of the country. talking to media in islamabad on wednesday, he said that the plea bargain helped recover money from the looters and plunderers and it returned to the coffer. he said that under section 25-b of accountability ordinance, every criminal is bounded to place a request for plea bargain for settlement of case and the request is thor- oughly reviewed. he said that opinions of the law experts ware also sought see # 15 page 7 nab performs duties within domain of constitution: qamar islamabad: pakistan's exports to the north african country of morocco have regis- tered an increase of 81 percent from july-october 2016 over the corresponding period last year, a state bank of pakistan's report said. according to the report, this was the highest increase in exports to any country this year at a time when pakistan's over- all exports have fallen. although the report does not mention the sectors that have shown improvement it was widely believed that efforts of pakistan's ambassador to morocco nadir chaudhri to diversify exports from tradi- tional sectors have borne fruit. talking to media from rabat, ambassador chaudhri said, "it was the directives and guidance of prime minister muhammad nawaz sharif that had led to increase in exports." see # 14 page 7 exports to morocco rise by 81% in q1 over the last year faisalabad: secretary general of pakistan tehreek-e- insaf (pti), jahangir tareen has asserted on wednesday that the political party would soon have the government in punjab. he addressed the media dur- ing his visit to faisalabad wednesday to sort out alleged differences among party's candi- dates over local body elections. on the occasion, tareen announced to fight panama leaks case in 'people's court' besides the supreme court (sc). he said that pti is a polit- ical party that has a vision and does not accommodate persons who work for their interests. he alleged the government of attempting to suppress the panama leaks issue but pti led the issue to the sc. secretary general of pti demanded pakistan people's party (ppp) to explain the announcement of long march see # 13 page 7 pti will establish govt in punjab soon, says tareen thursday, december 29, 2016 8 printed & published by shakil haider jafri at kk printers for data research communication, 111-c, jami commercial phase vii, dha karachi. islamabad: newly appointed director general isi, lt. gen. naveed mukhtar called on president mamnoon hussain at the aiwan-e-sadr, here on wednesday. — app photo hold your horses for now haji ghani haji usman chairman, demutualization committee market is expected to attain further positivity of 100 to 300 points. sale of 40 per cent shares of psx to chinese consortium would attract more and more investor this would boost market further. discount rate is at its all time low rate this would attract further investors to equity trad- ing. stable dollar would support the overall progress of market. investors should avoid from margin trading. today market looks positive. dhiyan ghulam raza rajani mohsin ahdi director, alfa ahdi securities as the calendar year end is approaching market is expected to remain in volatile phase. index wise posi- tivity might continue but it would not truly reflect in overall participation and sectors. boom in global crude oil prices would help boost local oil scrips as well as the index. pharma, cement and auto sector looks weak. investors are advised to refrain from fresh investment and wait for the start of calendar year 2017. symbol close vol (mn) kel 9.25 21.98 dcl 39.01 18.90 bop 17.56 13.43 sngp 78.59 13.10 fccl 43.06 11.30 symbol close change nestle 9,145.71 433.20 sapl 2,590.87 123.37 pakt 1,300.00 55.40 pkgs 838.16 24.49 scl 559.99 24.49 symbol close change wyeth 4,605.76 -110.24 mtl 872.64 -16.47 nrl 562.37 -12.31 poml 321.00 -10.00 mari 1,384.04 -9.53 plus 231 minus 158 unchanged 18 top 5 volume leaders major losers major gainers kse-100 index active issues opening 46,920.47 closing 47,424.63 change 504.16 % change 1.07 turnover (mn) 273.09 sector updates fertiliser 000 tonnes urea offtake (jan to may 14) 2,047 urea offtake (may 14) 408 urea price (rs/50 kg) 1,827 dap offtake (jan to may 14) 342 dap offtake (may 14) 108 dap price (rs/50 kg) 3,551 automobile assembler pak suzuki motor units production (july 13 to may 14) 69,257 sales (july 13 to may 14) 69,866 production (may 14) 6,503 sales (may 14) 6,993 indus motor co production (july 13 to may 14) 31,880 sales (july 13 to may 14) 32,498 production (may 14) 3,110 sales (may 14) 2,917 honda atlas car production (july 13 to may 14)20,983 sales (july 13 to may 14) 21,002 production (may 14) 2,286 sales (may 14) 2,260 banking sector scheduled bank (rs in mn) deposit (june 13, 14) 7,808,682 advances (june 13, 14) 3,789,443 investments (june 13, 14) 4,103,575 spread (may, 14) 6.11% oil marketing co (000 tons) ms (july 13 to apr 14) 3,107 ms (apr 14) 308 kerosene (july 13 to apr 14) 130 kerosene (apr 14) 13 jp (july 13 to apr 14) 610 jp (apr 14) 68 hsd (july 13 to apr 14) 5,358 hsd (apr 14) 548 ldo (july 13 to apr 14) 32 ldo (apr 14) 3 fuel oil (july 13 to apr 14) 7,563 fuel oil (apr 14) 675 others (july 13 to apr 14) 31 others (apr 14) 4 prices (ex refinery) rs ms (1 may 14) 73.57 ms (1 apr 14) 73.95 ms % chg -0.51% kerosene (1 may 13) 73.88 kerosene (1 apr 14) 75.97 kerosene % chg -2.75% jp-1 (1 may 14) 74.14 jp-1 (1 apr 14) 76.24 jp-1 % chg -2.75% jp-8 (1 may 14) 73.88 jp-8 (1 apr 14) 75.97 jp-18 % chg -2.75% hsd (1 may 13) 79.47 hsd (1 apr 14) 83.28 dar reviews proposals of ajk council for budget islamabad: the federal minister for finance, senator mohammad ishaq dar, chaired a meeting here today to review proposals of the azad jammu & kashmir (ajk) council for the ajk budget 2016-17. the finance secretary briefed the finance minister on the proposals of the ajk government and apprised the minister on matters related to the ajk budget for financial year 2015-16 as well as financial year 2016-17. see # 19 page 7 'forbes' lauds pakistan's economic progress islamabad: pakistan's stock market has rapidly improved during recent years. this was stated by an interna- tional magazine "forbes" in an article. it said that the country's main kse index has gained close to 400 percent since 2009, and 40 percent this year alone leaving neighbouring markets in the dust. see # 20 page 7 kel 9.2521.98 dcl 39.0118.90 bop 17.5613.43 sngp 78.5913.10 fccl 43.0611.30 nestle 9,145.71433.20 sapl 2,590.87123.37 pakt 1,300.0055.40 pkgs 838.1624.49 scl 559.9924.49