ISLAMABAD: Recent floods across the country have enhanced need for identifying environmental social and governance issues and risks, said the Securities and Exchange Commission of Pakistan .
KARACHI: Stocks are seen risk-averse ahead of the federal budget 2022-23, which stakeholders at large fear to be a nightmare for businesses and consumers, traders said.Week-on-week, KSE-100 Shares.
Stocks are likely to track a slew of corporate results next week as well as signs of recovery, but a ramp-up in virus cases could prove a drag, traders said.Arif Habib Limited, a brokerage house,.
Stocks end draggy week on decent note
July 17, 2021
Stocks on Friday closed a stagnant week on a decent note, with investors mostly betting on better earnings down the road, traders said.
The benchmark KSE-100 Shares Index at Pakistan Stock Exchange (PSX) finally managed a decent gain of 206.07 points or 0.43 percent to close the day at 47,834.33 points, hitting day high and low of 47,892.20 points and 47,628.26 points respectively.
Ahsan Mehanti, analyst at Arif Habib Corp, said stocks closed bullish led by selected scrips across the board amid speculations ahead of major earning announcements due next week.
He said mid-session pressure remained on falling global crude oil prices and foreign outflows.