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Energy scrips fuel index rally amid circular debt talks - Newspaper


Bullish fire continued to leap over the stock market in the outgoing week where the KSE-100 index gained 1,220 points. AFP/File
KARACHI: Bullish fire continued to leap over the stock market in the outgoing week where the KSE-100 index gained 1,220 points.
Together with the earlier week’s surge by 1,018 points, the benchmark index managed to show spectacular rise of 2,238 points or five per cent in first two weeks of 2021.
The index crossed the 45,000 barrier and closed at the end of Friday session at two-and-a-half-year high at 45,654 points.
The Pakistan equity market took cue from the run-up in global equity markets where the Nasdaq gained 2.5pc over the week. The domestic underlying events that helped lift investors’ sentiments were reports of the government’s negotiations with the independent power producers (IPPs) to resolve the perennial circular debt issue. ....

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