Daily Times Index clocked in at 47,793 level, foreign investors were net sellers of $21 million
July 25, 2021
Investors struggled to find a catalyst to set a direction at Pakistan Stock Exchange (PSX) in the shortened (two-session) outgoing week, as risk-shy investors remained away from the index, owing to the rising Afghan crisis, resurgence of Covid-19 and foreign selling pressure.
The PSX benchmark KSE-100 index exhibited a range bound session as it clocked at 47, 703 level inching down from 47,834 points- previous weeks closing, after trading between the weekly high of 48,004.54 points and a low of 47,691.33 points, respectively.
Investor sentiment remained lukewarm primarily due to a shortened trading week due to Eid holidays. Moreover, the departure of US forces from Afghanistan has placed the region in a tight spot, as Afghan Taliban has been staking claim over 90 pc of the country, risking a fallout in the neighbouring countries-with Pakistan facing a major security cr
KSE-100: Stocks close flat ahead of Eid holidays Foreign investors were net sellers of $8.07mn
July 20, 2021
Market participation remained lacklustre at the KSE-100 index on Monday as lack of triggers and Eid holiday-week kept investors away from the bourse.
On Monday the benchmark KSE-100 index clocked at 47,873 level after posting a mere 38.93 points gain. The index touched an intraday high of 48,004.54 and a low of 47,751.72 as it traded in a range of 252.82 points or 0.53 percent of previous close.
Trading kicked off on an optimistic note but witnessed volatility as intra-day correction and discounted share prices attracted selective buying after midday.
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July 6, 2021
ISLAMABAD: Energy Minister Hammad Azhar announced Monday that the government is restoring normal gas supply and pressure to all sectors.
Various sectors, especially the industrial units of the country, were reeling from a gas shortage over the past few days. In a tweet today, Azhar announced forced loadshedding had ended on Friday.
“Today we are restoring normal gas supply and pressures to all sectors. RLNG supplies 100% restoration achieved,” he tweeted. Last week, the minister had announced that the Kunnar Passaki Deep (KPD) gas field had resumed supply to the Sui Southern Gas Company Limited (SSGCL) network after the completion of its annual turnover. The energy minister had also tweeted about the start of the dry docking of Engro’s LNG terminal, which he said, will be completed by Monday (today).