Auto rally drives stocks; IMF loan revival cheered
Business
January 13, 2021
Stocks stayed in top gear on Tuesday in record trade, driven mostly by autos, amid hopes Pakistanâs reentering the IMF programme will pave wave for fresh foreign investment, dealers said.
KSE-100 shares index gained 0.69 percent or 316.62 points to close at 45,922.04 points at Pakistan Stock Exchange (PSX). Volumes increased to 825.893 million shares, from 588.039 million shares on Tuesday. KSE-30 rose 0.61 percent or 116.08 points to end at 19,212.13 points level.
Topline Securities in a note said investor interest was witnessed in the auto sector after PAMA announced monthly sales numbers for the month of December.
Orient Electric eyes smaller towns and rural areas calcuttanews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calcuttanews.net Daily Mail and Mail on Sunday newspapers.
New Delhi [India], December 16 (ANI/NewsVoir): Orient Electric Limited, part of the diversified USD 2.4 billion CK Birla Group, has expanded its fans range with new variants in line with the robust demand coming in from Tier-3 & 4 markets and rural parts of the country.
The company has introduced two new fans namely Summer Breeze Pro and Rapid Air and has further plans to refresh an existing fan named Twister as well as augment the range in base, economy and decorative segments in the coming months. The launch is part of the company s plans to cash in on the positive rural sentiments to increase its fans market share in the next 12 months.