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Stocks end flat with hopes pinned on spending budget


Stocks end flat with hopes pinned on spending budget
June 12, 2021
Stocks remained range-bound in Friday’s session, wherein the benchmark index opened on a positive note and closed in the green territory with investors’ optimism primarily fuelled by hopes of an investor friendly federal budget, dealers said.
Ahsan Mehanti at Arif Habib Corp said stocks closed higher led by selected scrips across the board as investors weighed IMF relaxations in federal budget FY22, GDP growth target of 4.8 percent for FY 22, progress in resolving Rs2.1 trillion circular debt and record remittances of $2.5 billion in May 2021.
“Higher global crude oil prices at over $70, surging foreign exchange reserves to $16.4 billion and rupee stability played a catalytic role in the positive close,” he added. ....

Maaz Mulla , Ahsan Mehanti , Pakistan Stock Exchange , Byco Petroleum , National Refinery , Worldcall Telecom , Ahsan Mehanti At Arif Habib Corp , Sitara Industries , Arif Habib Corp , Stock Exchange , Federal Budget , Attock Refinery , Pakistan Refinery , Ghani Glass , Agritech Limited , Engro Polymer , Gharibwal Cement , Pioneer Cement , Maple Leaf Cement , Lucky Cement , Unilever Foods , Sapphire Textile , Rafhan Maize , Wyeth Pakistan , மாஜ் முல்லா , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் ,

Stocks end higher on IPPs dues release hints


Stocks end higher on IPPs dues release hints
Business
May 6, 2021
Stocks on Wednesday barreled ahead for second day on reports that renegotiation of IMF program and release of private power producers’ dues were in the offing, dealers said.
Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index gained 0.85 percent or 380.02 points to close at 44,943.61 points. Participation improved to 259.86 million shares from 221.50 million on Tuesday.
Amreen Soorani at JS Global Capital said the government had reportedly decided to soon pay Rs90 billion to IPPs that fall under 1994 Policy (and before) under the first payment while the reported Rs60 billion payment to IPPs under the 2002 Policy might take time. ....

Kot Addu , Neelam Naz , Amreen Soorani , Hub Power Company , Pakistan Stock Exchange , Brokerage Arif Habib , Pakistan State Oil , Ahsan Mehanti At Arif Habib Corp , Kot Addu Power Company , Stock Exchange , Independent Power Producers , Arif Habib Limited , Arif Habib Corp , Sapphire Textile , Shield Corp , Telecard Limited , மையம் பவர் நிறுவனம் , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் , தரகு ஆரிப் ஹபீப் , பாக்கிஸ்தான் நிலை எண்ணெய் , ஸ்டாக் பரிமாற்றம் , சுயாதீனமான பவர் ப்ரொட்யூஸர்ஸ் , ஆரிப் ஹபீப் வரையறுக்கப்பட்டவை , ஆரிப் ஹபீப் கார்ப் , சபையர் ஜவுளி , கவசம் கார்ப் ,