Summary: Karachi: Pakistan's stocks rallied from the biggest plunge in the
benchmark index in 17 months ...
The 2012 Bank
Benchmark Index Awards were created to reward banks that value customer service and strive towards service excellence.
Commercial banks remained the worst performing sector, erasing 118 points from the
benchmark index, followed by fertiliser and exploration and production sectors, which cumulatively struck 76 points off the index.
For the third consecutive day, the Egyptian Exchange suffered losses, registering an EGP 8.13bn loss Tuesday, with the
benchmark index EGX-30 dropping to 8,330.52 points, declining by 1.92%.
Indian stocks advanced, with the
benchmark index posting its biggest weekly gain in two months, amid speculation banks will benefit from foreign investment and signs bad debts have peaked.
'The
benchmark index continued its downward trend this week and closed in the red for the third consecutive week (down 3% cumulatively),' said Topline Securities in its report.
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The
benchmark index opened higher to touch the day's high at 44,044 points and then slid into the red for most of the session.
The market capital hit EGP 789.6 billion, with the
benchmark index EGX 30 surged by 1.87 percent to reach 14,106 points, said a weekly report issued by the Egyptian Exchange on Saturday.
The
benchmark index EGX-30 dropped by 0.74% to reach 9884.46 points.
A
benchmark index of Indian stock markets hit its third straight record closing high at 21,196.81 points Friday.