Pak hopes Afghan stakeholders work to resolve political crisis

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Pak hopes Afghan stakeholders work to resolve political crisis
Pak hopes Afghan stakeholders work to resolve political crisis

Islamabad, Aug 16 | Pakistan will continue to support the efforts for political settlement of the Afghan issues and hopes that all sides will work together to resolve their internal political crisis, the Foreign Ministry in Islamabad said in a statement.

Pakistan is closely following the unfolding situation in Afghanistan, the statement issued on Sunday said, adding that the Embassy of Pakistan in Kabul is extending necessary assistance to Pakistanis, Afghan nationals and diplomats and the international community for consular work, reports Xinhua news agency.

“A special inter-ministerial cell has been established in the Ministry of Interior to facilitate visa/arrival matters for diplomatic personnel, UN agencies, international organisations, media and others,” the statement added.

Taking to Twitter on Sunday, Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain said: “Pak press section in Kabul has received hundreds of visa applications from International media to facilitate their evacuation from Kabul, a special cell has been created to facilitate international media personnel.”

At a press briefing in Punjab province on Sunday, Foreign Minister Shah Mahmood Qureshi said that the situation is quickly evolving in Afghanistan, and in the current scenario, his country wants a peaceful solution of the Afghan issue through dialogue.

“We want both parties to seek a negotiated political settlement to solve the issue in the best interest of Afghanistan,” he added.

The Foreign Minister said that he will contact Afghanistan’s neighbouring countries in the coming week as his country wants all regional countries on the same page regarding the Afghan issue.

Talking about his country’s stance on the dialogue between the Taliban and the Afghan government on the captivity of Kabul, Qureshi said that Pakistan believes that human lives should be saved and “we are happy that discussion is underway for transition of power”.

“Pakistan has been trying to play a role in peace and reconciliation in Afghanistan and we will continue making efforts in this direction.

“We want Afghan leadership to make a mature decision to save the life and property of their people,” he added.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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