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Stocks soar as PM seen passing political litmus


Stocks soar as PM seen passing political litmus
Business
March 6, 2021
Stocks managed a mighty rally on Friday mostly on bets the premier is set to ace his critical political test on Saturday, dealers said.
KSE-100 shares index gained 1.23 percent or 558.81 points to close at 45,837.35 points at Pakistan Stock Exchange (PSX), while traded volume and value stood at 316 million shares and Rs15.9 billion respectively.
Topline Securities in its daily market review said stocks rebounded on last trading day of the week on expectations that Prime minister Imran Khan was well-positioned to win the vote of confidence from National Assembly after Senate vote upset, where government’s candidate Hafeez Shaikh lost to opposition candidate Yousuf Raza Gilani. ....

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Energy stocks push PSX 1.24pc higher


Business
February 16, 2021
The capital market climbed 1.24 percent on Monday following fresh buying on positive vaccine developments, improving macroeconomic indicators and rising oil prices that spurred a rally in energy sector, dealers said.
Topline Securities in its market note said, “International oil prices continued with their uptrend as WTI stood above $60/barrel. Taking cue from international oil prices, the E&P sector closed up 2.4 percent, Oil Marketing Companies (OMCs) closed up 2.0 percent, while the refinery sector closed up 0.8 percent.”
Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 1.24 percent or 567.23 points to close at 46,375.59 points level. KSE-30 shares index gained 1.27 percent or 242.61 points to close at 19,347.11 points level. As many as 405 scrips were active of which 246 advanced, 141 declined and 18 remained unchanged. ....

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