Oil hit $130.05 as dollar falls; KSE gains 71 points amid oil buying

Wed, May 21, 2008

KARACHI: Oil prices hit a record hitting up 130.05 dollars a barrel on Wednesday. The unprecedented soaring oil prices are due to the prevailing anxiety about stretched supplies in the face of strong demand for energy, and the downward trend of dollar in the international currency market, said the traders.

Karachi Stock Exchange gained 71 points following mass buying of oil stocks against the soaring international oil prices here Wednesday. Institutional interest was seen reviving in the market Wednesday. Investor interest was renewed by surging international oil prices.-SANA

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The DAWN Group of Newspapers, published by the Pakistan Herald Publications (Pvt.) Limited (PHPL) was founded by the Quaid-e-Azam, Mohammad Ali Jinnah, the father of the nation. The group began its publication, the DAWN newspaper, in 1947 immediately after independence and has ever since emerged as one of the high brow English Newspaper of pakistan with huge circulation.

This newspaper has a wide readership because it is trend setter and its editorials always choose an independent and pro Pakistan policy. This is the most read newspaper in specific classes e.g. Ambassadors, Ministers, Professors, Teachers and Students. Dawn has recently launched English News Channel that has been running successfully.

Dawn has an extremely neat and easily navigating website including the left sidebar. All important links show different pages of hard version of Newspaper that makes easy for the readers and visitors to pick the link they are interested in; including Front Page, National, International, Local, Business, Editorial and Opinion.. Website has segregated its columnists in the same side bar and links to their Mags. Website gives link to the Online Dawn News. The news in Pics is very praiseworthy feature of the site.

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