Karachi. March 22, 2021: The KSE 100 index opened the week with a 500+ points rally to settle the day at 45,407 (up 1.13 percent). The rally was primarily driven by Oil stocks which rose on the expectation that the payment to the IPP’s, which was due this month is imminent. This is expected to…
Karachi, March 18, 2021: Pakistan local cement sales in Mar-2021 are expected to increase by 36-42 Percent YoY, taking 9MFY21 local sales growth to 16-20 Percent YoY. This is in line with our expectations, as we had also mentioned in our last month’s report that local cement sales are likely to grow by 40 Percent…
Karachi, March 17, 2021: Pakistani Equities clawed back the gains on Wednesday with the KSE 100 Index closing at 45,450 level (up 1.32 percent ). Over the past 4 days, the market has recovered 2,671points (6.24 percent ) against 3,057points lost amidst the senate elections. The rally is attributable to easing political noise owed to…
Karachi, March 16, 2021: The market witnessed a volatile session today with the KSE 100 Index printing an intra-day high of 144 points and an intra-day low of -221 points to eventually close the day at 44,843 (up 90.47 points or +0.20 percent ). Investors remained on the sidelines with focus on political noise, high…
Islamabad, March 15, 2021: The United States Mission to Pakistan, along with the Peshawar Electric Supply Company (PESCO), celebrated the successful completion of a pilot project to help decrease electricity theft and increase power revenue in Peshawar. Under the project, the U.S. Agency for International Development (USAID) installed 157 kilometers of anti-theft cable and…