IMF projects impressive 11 5 per cent growth rate for India in 2021 orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
Market watch: Stocks rise as quarterly results trickle in
Benchmark KSE-100 index gains 170.75 points to settle at 46,458.13
Shares of 421 companies were traded. At the end of the day, 224 stocks closed higher. PHOTO: REUTERS
KARACHI:
The much-awaited corporate earnings season gained momentum and generated interest in the stock market on Wednesday as the benchmark KSE-100 index rose 171 points.
The market managed to sustain the gains recorded in the previous session, however, the benchmark index kept swinging between red and green zones as companies in certain sectors announced financial results for the quarter and half year ended December 31, 2020. The bullish trend was supported by technology and cement stocks.
International Monetary Fund lifts economic outlook for this year shanghainews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghainews.net Daily Mail and Mail on Sunday newspapers.
Some economic indicators worsen
The finance ministry predicted that the economic recovery was expected to translate into more productive investment ex-penditures in the near term. PHOTO: FILE ISLAMABAD:
Some of the major fiscal and external sector economic indicators of Pakistan deteriorated in the first half of current fiscal year, but authorities believe that economic recovery will still continue, albeit, at a slower pace.
The finance ministry on Tuesday released its monthly Economic Updates and Outlook report for January. The ministry used a mix of five and six-month indicators.
The monthly bulletin showed that Pakistan’s budget deficit widened over 21% in absolute terms, exports decreased 4.8%, foreign investment dipped 72% and agriculture sector credit shrank 2.4%. On the other hand, inflation slowed down, large-scale manufacturing increased 7.4% and current account posted a surplus on the back of double-digit growth in foreign remittances.
Global economy expected to perform strongly, says IMF mainemirror.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mainemirror.com Daily Mail and Mail on Sunday newspapers.