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Stocks soar as PM seen passing political litmus

Stocks soar as PM seen passing political litmus
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Energy stocks push PSX 1.24pc higher

Business
February 16, 2021
The capital market climbed 1.24 percent on Monday following fresh buying on positive vaccine developments, improving macroeconomic indicators and rising oil prices that spurred a rally in energy sector, dealers said.
Topline Securities in its market note said, “International oil prices continued with their uptrend as WTI stood above $60/barrel. Taking cue from international oil prices, the E&P sector closed up 2.4 percent, Oil Marketing Companies (OMCs) closed up 2.0 percent, while the refinery sector closed up 0.8 percent.”
Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 1.24 percent or 567.23 points to close at 46,375.59 points level. KSE-30 shares index gained 1.27 percent or 242.61 points to close at 19,347.11 points level. As many as 405 scrips were active of which 246 advanced, 141 declined and 18 remained unchanged. ....

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