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Stocks rally on strong growth data Business May 25, 2021 Stocks started the week on a positive note as the government expects 3.94 percent growth for FY21 owing to the massive recovery in industrial activities, dealers said. Ahsan Mehanti at Arif Habib Corp said stocks closed higher amid higher trades as investors weighed strong estimated growth of 3.94 percent in FY21 and surging global crude oil prices. “Likely status quo in the upcoming monetary policy announcement this week and Finance Ministry outlook on 5.0 percent growth in FY22 and 6-7 percent on sustained basis played a catalytic role in bullish close,” Mehanti added. Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.40 percent or 182.13 points to close at 46,097.11 points. KSE-30 shares index gained 0.33 percent or 61.36 points to close at 18,780.51 points.

Neelam nazSummit bankColgate palmoliveSilk bankGas development companyArif habibAhsan mehanti at arif habib corpPakistan stock exchangeWorldcall telecomArif habib corpFinance ministryStock exchangePearl securitiesFederal energy minister hammad azharArif habib limitedWyeth pakistan