Daily Times Index up by 0.6pc, average volumes fell by 4pc
July 18, 2021
Stocks witnessed a cautious trading activity in the outgoing week, as risk-shy investors remained away from the index, owing to the rising Afghan crisis and approaching CGT submission deadline.
The benchmark kse-100 index exhibited a range bound session as it clocked at 47,834 points, up 0.6pc WoW, after trading between the weekly high of 47,890 points and a low of 47,388 points, respectively.Moreover, the average trading volumes fell by 4pc to settle at 467 million shares, while the traded value decreased by 10pc to average at $96 million.
Investor sentiments remained lukewarm primarily over approaching deadline for the Investors to submit CGT to the NCCPL by the July 16th i.e Friday, which continued to remain a major reason denting market participation, The NCCPLs’s move to collect CGT till May 21-11 month time, ahead of the normal 12-month time-which ends on June 30th- inflated the investors’ payab
Market watch: Upbeat economic data fails to lift stocks
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.
Market watch: Stocks close in red in absence of triggers
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.
According to the coal vessel lineup at PIBT, ships are facing delays of 10 to 20 days in discharging their cargoes. Fahim Siddiqi/White Star
KARACHI: Cement-makers have asked the federal government to allow the discharge of imported coal at Karachi Port Trust (KPT) as their demurrage mounts on account of the alleged mishandling of cargo at Pakistan International Bulk Terminal (PIBT), the country’s only coal-handling terminal with a single dedicated berth at Port Qasim.
According to the coal vessel lineup at PIBT, ships are facing delays of 10 to 20 days in discharging their cargoes.
In separate letters to the ministers for power and maritime affairs, the All Pakistan Cement Manufacturers Association (APCMA) demanded on Wednesday that the government should make multiple berths available for coal handling at KPT to minimise demurrage.
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.