Food inflation likely to remain 8 27pc in Sept: report
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PSX turns around with rupee s appreciation, gains 203 points
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Mergers & Acquisitions (M&A) activities did not take place as rapidly as was expected by economists at the time Covid-19 reared its ugly head. Due to lockdowns that led to complete or partial closures of businesses and industries or curtailment of activities that could scarcely finance production costs, mass layoffs were triggered, businesses shrank in size and those that could not float in the sea of financial crisis had the Hobsons’ choice: sink or offer to merge with larger, stronger corporations.
The Covid-19 has not just pulled out one surprise from its bag it had swiftly changing and multiplying variants. It has altered the entire concept of doing business. From the big corporations to small individuals the daily wage workers have attuned to what people early in the days of pandemic mentioned as the “the new normal”.
PSX ends 10 points higher in lacklustre, range-bound session
July 15, 2021
The Pakistan Stock Exchange (PSX) continued with range-bound activity in the absence of positive market triggers on Wednesday, with the benchmark KSE-100 Index gaining 10.97 points (+0.02 percent) to close at 47,491.47 points.
The market opened on a positive note but moved between green and red zones, finally ending the session positively. The KSE-100 Index traded in a range of 152.5 points, showing an intraday high of 47,594.6 points and a low of 47,442.1 points. Among other indices, the KSE All Share Index shed 50.02 points (-0.15 percent) to close at 32,384.45 points, while All Share Islamic Index shed 10.88 points (-0.05 percent) to close at 23,220.11 points.