Stocks rise tracking oil, regional peers
Business
May 26, 2021
Stocks continued winning streak on Tuesday as energy shares tracked gains in global oil prices, while technology and cement scripts also supported the bullish market, dealers said.
An analyst at Arif Habib Limited said oil and gas marketing companies bore selling pressure on the news of cancellation of operating licenses and probe by government, whereas E&P sector responded positively to the increase in international crude oil prices.
âCement sector also performed in the expectation of an increase in cement prices. Technology sector stocks led the index today with across the board strong price performance, particularly from Netsol, Worldcall Telecom and Systems Limited.â
Pakistan
Pakistan-stock-exchange
Colgate-palmolive
Worldcall-telecom
Arif-habib
Moody
Ahsan-mehanti-at-arif-habib-corp
Arif-habib-limited
Systems-limited
Stock-exchange
Arif-habib-corp