Page 5 - பாக்கிஸ்தான் சுத்திகரிப்பு நிலையம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Market watch: KSE-100 rebounds, ends just shy of 46,000
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
REFINERY NEWS ROUNDUP: Mixed run rates in Asia-Pacific
The BPCL Mumbai refinery on the west coast of India is currently running at full capacity even as partial lockdown has been introduced in many parts of the western region. It recorded a 118% run rate in March compared with 116% a year ago, while the run rate for 2019-20 (April-March) was 95%, compared with 115% in 2019-20, reflecting the impact of lockdown in 2020.
However, India’s Reliance Industries Ltd. in March ran at 84% at its two refineries at the Jamnagar integrated refinery complex, down from 96% a year earlier, with overall runs still to attain pre-pandemic levels. In March, the domestic refinery ran at 101%, compared with 108% a year earlier, while the export-focused refinery ran at 69%, from 84% in the year-ago month.
Stocks muted as lockdown noise grows louder
Business
April 22, 2021
Stocks muted on Wednesday as lockdown noise grew louder given the Covid rampage, even eclipsing some lustrous corporate results, dealers said.
Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index lost 0.21 percent or 93.24 points
to close at 45,306.54 points. Volumes ticked up to 387.908 million shares from 343.28 million on Tuesday.
A A H Soomro at KASB Securities said market remained flattish-to-red as index kept oscillating in a narrow band in the earnings week as investors weighed the strong possibility of further targeted lockdowns.
“So far, even the good results haven t been able to cheer their share prices. Today s warning from NCOC presents a grim picture of next few days/weeks as hospital capacities are overwhelmed,” Soomro said.
KARACHI: Stocks extended the winning streak for the second day by adding another 445.12 points, or 0.99 per cent, to the KSE-100 index which settled at 45,186.48.
All the investors’ worries over the big fall early in the week evaporated as participation grew larger represented by huge increase in traded volume by 79pc over the previous day to 688m shares and traded value up by 40pc day-on-day to Rs25bn.
Without once dipping in the red, the index continued its climb to hit the intraday high by 508 points.
Most analysts said that the rally in the market was triggered by the statement of the SBP governor in which he indicated that interest rates would remain at current levels in near future.
KARACHI: Stocks staged a spectacular comeback on Thursday as the KSE-100 index vaulted upwards by 787.78 points, or 1.79 per cent, to close at 44,741.36.
The market opened gap up and continued to reclaim the previous day’s losses which were mainly due to heavy foreign selling of over $10m. Foreign funds’ outflow on Thursday dipped to $1.37m. Although the individuals spooked by the bear rampage a day earlier decided to wait a while with net sale of $1.79m, other local participants including companies, mutual funds, brokers and insurance companies wrestled to pick up equities which were available at cheap valuations. The index settled slightly short of the intraday high of 805 points.
vimarsana © 2020. All Rights Reserved.