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Stocks barely changed on regional uncertainty

Stocks barely changed on regional uncertainty
July 14, 2021
Stocks on Tuesday were flattened by new virus jitters and Afghan power transition uncertainty despite upbeat remittance data, traders said.
Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Shares Index finished with a gain of 33.42 points or 0.07 percent to close at 47,480.50 points, hitting a session high and a low of 47,585.18 points and 47,439.89 points respectively.
Analyst Ahsan Mehanti at Arif Habib Corp said stocks showed recovery led by selected scrips across the board in late session institutional support on speculations ahead of corporate results in the earnings season.
However, he said, mid-session pressure remained on rupee instability and concerns for regional uncertainty. ....

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Stocks retreat on new virus variant frets

Stocks retreat on new virus variant frets
July 13, 2021
Stocks on Monday remained in retreat amid noise over surge of a new Covid variant and regional unrest ahead of long Eid holidays next week, traders said.
Pakistan Stock Exchange s (PSX) benchmark KSE 100-share Index gave up 116.37 points or 0.24 percent to close at 47,447.08 points, hitting a day high and a low of 47,715.28 points and 47,408.52 points, respectively.
Zafar Moti, former director PSX, said the market had slowed down and volumes were shrinking. “People are downsizing themselves because of the Sacrificial Eid. Afghanistan issue and political noise was also there.”
“Next week is off and the market is unlikely to gather any momentum this week and may remain directionless until Eid holidays are over,” Moti said. ....

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Pakistan's Electric Vehicle Policy is Unclear

Pakistan's Electric Vehicle Policy is Unclear
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