Weekly Review: Institutional sell-off ahead of FY21 closing, lukewarm investor sentiments kept kse-100 index in check ..Index clocks at 47,686 points, up 0.2%
July 4, 2021
Stocks witnessed a topsy-turvy trading week, as Institutional investors hedging their bets ahead of the financial year close and series of other negative indicators kept the benchmark kse-100 index in check.
Equities continued to remain volatile in the outgoing week, with the benchmark index closing at 47,686 points, up 0.2% WoW. Despite positive triggers, including the approval of the Federal Budget and tamer-than-expected inflation data, the market caved into the profit taking sessions ahead of the financial year close with the index hitting highs and lows of 48,080 points and 46,900 points respectively.
FPCCI seeks Govt s help to resolve gas crisis
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IDC - The Mail & Guardian
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NAB rejects remarks of SAPM Tabish Gohar
July 1, 2021
ISLAMABAD: The National Accountability Bureau on Wednesday rejected the remarks of Special Assistant for Energy and Petroleum Tabish Gohar delivered during a speech in the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) by terming it baseless, fabricated and contrary to the facts.
The NAB, while brushing aside the remarks, said that the Special Assistant for Energy and Petroleum had tried to create a negative image of NAB in the business community besides attempting to influence the sub judice LNG reference and allegedly benefit the accused involved in the reference.
The NAB in its official announcement said that the NAB had decided to officially seek the copy of the statement of Tabish Gohar delivered in FPCCI, Karachi, from PEMRA (Pakistan Electronic Media Regulatory Authority) and analyse it in the light of Clause 31 (a) of the NAB ordinance, afterwards the law will take its course.
Renewables Offer Energy-Security And A Positive Ripple Effect For SA s Beleaguered Economy
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