Stocks end higher on IPPs dues release hints
Stocks end higher on IPPs dues release hints Business May 6, 2021 Stocks on Wednesday barreled ahead for second day on reports that renegotiation of IMF program and release of private power producersâ dues were in the offing, dealers said. Pakistan Stock Exchangeâs (PSX) KSE-100 Shares Index gained 0.85 percent or 380.02 points to close at 44,943.61 points. Participation improved to 259.86 million shares from 221.50 million on Tuesday. Amreen Soorani at JS Global Capital said the government had reportedly decided to soon pay Rs90 billion to IPPs that fall under 1994 Policy (and be...