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Market watch: Bears hold sway as political tensions weigh
Benchmark KSE-100 index drops 271.59 points to settle at 45,593.43
Overall trading volumes decreased to 368.4 million shares compared with Friday’s tally of 480 million. PHOTO: FILE
KARACHI:
Bears maintained their control over the Pakistan Stock Exchange (PSX) on Monday, in line with the preceding session, as political tensions fuelled selling pressure across the board ahead of Senate elections.
The Supreme Court said polls for the upper house would be held according to Article 226 of the Constitution and through secret ballot.
Uncertainty in international crude oil market coupled with projections of monthly inflation data also fuelled the bearish momentum.
Pakistani bank customers, already bearing various charges for using different services, may face another fee on account of receipts and balance inquiry
Pakistan Stock Exchange Announces Top 25 Companies Awards Recipients
National
February 10, 2021
Karachi: In a year full of events and developments, some positive and some challenging, Pakistan Stock Exchange has announced the recipients of the Top 25 Companies Awards for the year 2019. As per tradition, the criteria for selecting such companies was also updated and upgraded in 2019 in line with the evolving business environment and requirements.
The Top 25 Companies Award is a tradition at Pakistan Stock Exchange which goes back to 1978.
On the announcement of the Top 25 Companies Awards recipients, the MD & CEO of Pakistan Stock Exchange, Mr. Farrukh H. Khan, stated, “Top 25 Companies Award is the most prestigious recognition of overall corporate performance in Pakistan. I would like to congratulate all the companies that have achieved this distinction for 2019.’’