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LNG at $25/MMBtu triggers fuel switching, stifles spot market activity in Asia | Hellenic Shipping News Worldwide

LNG at $25/MMBtu triggers fuel switching, stifles spot market activity in Asia | Hellenic Shipping News Worldwide
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Shares dip at PSX as benchmark loses 828 points

Shares dip at PSX as benchmark loses 828 points   Published On Valuations are attractive for medium term given current risk-free rate, currency stability KARACHI (Dunya News) – The KSE-100 index declined by 828 points the lowest since the beginning of 2021 below 45,000 level on concern of higher interest rate, income tax exemptions removal and government s move to pass autonomy bill for the central bank. The KSE index closed at 44,223 points, the lowest level during CY21TD). During last two sessions the index declined by 3.5% (-1,614 points) which is the highest decline for two consecutive days after 02-Nov-20 (-2,075 points). Muhammad Saeed Khalid, head of research at Shajar Capital said that plunging of the KSE100 index was mainly witnessed during on the asian equity sell off along with the enraging political turmoil in the country.

Stocks end flat on C/A deficit nerves

Stocks end flat on C/A deficit nerves Business February 10, 2021 Stocks flatlined on Tuesday after hitting a brick wall at around 47,000-mark because of profit-selling that mainly broke out owing to nerves over current account deficit numbers, upcoming FATF review, and political noise, dealers said. The capital market continued to face adjustments and profit taking as investors showed concern over the upcoming FATF meeting and political rallies called by the opposition, dealers said. KSE-100 shares index lost 0.1 percent or 47.1 points to close at 46,674.77 points at Pakistan Stock Exchange (PSX). Volumes increased to 664.033 million shares, from 428.626 million on Tuesday. KSE-30 shares index dipped 0.07 percent or 13.26 points to end at 19,486.59 points.

Index stays positive on good news in cyclical sectors

Index stays positive on good news in cyclical sectors Business February 4, 2021 The capital market on Wednesday surged sharply where activity mostly centred on cement, oil marketing companies and power sector stocks on the back of positive developments, which encouraged investors to place sizeable deals, dealers said. The benchmark KSE-100 shares index at one stage crossed the 47,000 barrier, and hit session high of 47,123 points. This barrier was crossed almost after 3.5 years. The last time it was broken in August 2017. However, selling in some blue chips and investment stocks clipped the gains, forcing the index to close below 47,000 points level. Pakistan Stock Exchange (PSX) KSE-100 index gained 0.76 percent or 353.29 points to close at 46,933.63 points. Volumes increased 616.309 million shares, from 468.062 million shares on Tuesday. KSE-30 shares index rose 0.88 percent or 170.19 points to end at 19,568.76 points level.

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