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KARACHI: The stock market continued northward drive on the first day of Ramazan as the benchmark KSE-100 index added 262.65 points, or 0.58 per cent, to overnight gains closing at 45,311.22 on Wednesday. The investor optimism was triggered by the positive numbers including the 7.45pc growth in large-scale manufacturing during the first eight months of the current fiscal year and 34pc jump in private sector’s borrowings from banks in 9MFY21 despite Covid-19 challenges suggesting the economic activities are picking up momentum. Also, according to Arif Habib Ltd (AHL), the proximity to announcement of quarterly corporate results made investors take a positive view on the market. Buying activity was observed in cyclical sectors such as autos, cement and steel. ....
Stocks gain as economy shows green shoots Business Stocks on Wednesday pressed ahead counting on upbeat economic numbers amid robust corporate earnings hopes, dealers said. Pakistan stock exchange (PSX) KSE-100 shares index gained 0.58 percent or 262.65 points to close at 45,311.22 points. Volumes reduced to 341.88 million shares from 473.433 million in the last trading session. Topline Securities in a note said encouraging large-scale manufacturing and auto sales numbers and decline in Pakistan Investment Bonds cutoff yields garnered investors interest, which led the market to make an intraday high of 298 points. TRG, FFC and HBL emerged as the major contributors by cumulatively adding 69 points to index, the brokerage said. ....
Market watch: Stocks advance 262 points on positive macros Benchmark KSE-100 index increases 0.58% to close at 45,311.22 PHOTO: ONLINE KARACHI: The stock market continued its advance for the second day on Wednesday as the benchmark KSE-100 index gained around 260 points, but trading remained mostly range bound. Investor optimism on the first day of Ramazan came on the back of approaching corporate earnings season, which sparked a rally and helped sustain the positive momentum. Upbeat automobile sales data, which showed a robust growth of 198% in March 2021, kept the investment climate buoyant. Encouraging numbers released by the Pakistan Bureau of Statistics (PBS) for the large-scale manufacturing (LSM) sector, which grew 7.45% in the first eight months (Jul-Feb) of current fiscal year despite the third wave of the Covid-19 pandemic, triggered optimism. ....
What’s open and closed on Christmas Eve and Christmas 2020 in the Lehigh Valley Updated Dec 24, 2020; Posted Dec 24, 2020 Many places will be closed Friday, Dec. 25, 2020 in celebration of the religious holiday and worldwide cultural and commercial phenomenon. Facebook Share Christmas is both a religious holiday and a worldwide cultural and commercial phenomenon. For two millennia, people worldwide have been observing it with a variety of traditions and practices, according to a history.com report. Christians celebrate the day as the anniversary of the birth of Jesus of Nazareth, a spiritual leader whose teachings form the basis of their religion. Pennsylvania is in a “precarious place” with the coronavirus, Gov. Tom Wolf last month began advising residents to stay home whenever possible during the holidays and moved forward with other measures to limit the spread of COVID-19. The governor, however, has not mandated residents stay-at-home as ord ....