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Market watch: Range bound trading drags index in red

Market watch: Range bound trading drags index in red
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.

Byco Petrolem , Neelum Naz , National Refinery , Ghani Global Holdings , Cabinet Committee On Energy , Arif Habib , Attock Group , Meezan Bank , Pakistan Stock Exchange , Worldcall Telecom , National Clearing Company Of Pakistan , Arif Habib Limited , Refinery Policy , Cabinet Committee , Pakistan Refinery , National Clearing Company , தேசிய சுத்திகரிப்பு நிலையம் , கானி உலகளாவிய ஹோல்டிங்ஸ் , மந்திரி சபை குழு ஆன் ஆற்றல் , ஆரிப் ஹபீப் , மீசன் வங்கி , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் , தேசிய அழித்தல் நிறுவனம் ஆஃப் பாக்கிஸ்தான் , ஆரிப் ஹபீப் வரையறுக்கப்பட்டவை , மந்திரி சபை குழு , பாக்கிஸ்தான் சுத்திகரிப்பு நிலையம் ,

REFINERY NEWS ROUNDUP: Closures remain on the cards in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Closures remain on the cards in Asia-Pacific | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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REFINERY NEWS ROUNDUP: India's gasoline use rises, falls elsewhere in Asia-Pacific

REFINERY NEWS ROUNDUP: India’s gasoline use rises, falls elsewhere in Asia-Pacific
India’s consumption of gasoline in June saw the highest month-on-month increase in a year as a decline in COVID-19 cases and the easing of lockdown measures boosted driving activity.
Some states, such as the western state of Maharashtra, eased restrictions early June.
Indian gasoline demand totaled 2.41 million mt in June, up 21% from May, data from the Petroleum Planning and Analysis Cell showed. In May, gasoline demand hit a one-year low.
However, a new wave of coronavirus infections in Indonesia has dented the demand outlook for Asian gasoline, with participants anticipating a further decline in import demand as driving activity slows. The country, moreover, has already expanded its strict lockdown measures, with Bali, Java and the heavily populated cities in Sumatra having been placed under a lockdown since early July. ....

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Stocks close higher tracking budget approval

Stocks close higher tracking budget approval
July 1, 2021
Stocks closed higher on Wednesday as approval of federal budget and World Bank loan for power sector reforms had positive impact on investor sentiments, traders said.
The Pakistan Stock Exchange (PSX) benchmark KSE 100-shares index went up 0.46 percent or 218.25 points to close at 47,356.02 points, against 47,137.77 points recorded in the last session.
Intraday high was 47,460.31 points, while the lowest level of the day was recorded at 47,137.77 points.
Analyst Ahsan Mehanti at Arif Habib Corp said, “Stocks closed bullish at the year-end close as investors weighed higher global crude oil prices, National Assembly passing finance bill FY22, World Bank approval of $800 million for power sector reforms.” ....

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PSX wraps up FY21 with a 37% return

Daily Times
July 1, 2021
Pakistan Stock Exchange (PSX) concluded fiscal year 2021 on wednesday, posting a 37 per cent return as compared to a paltry 1.5% in FY20.
The index closed at 47,356 by gaining a mammoth 12,934 points during the fiscal year as against a minor gain of 520 points in FY20. However, on a monthly basis, the index posted a return of 0.5% in June’21.
On Wednesday, however, the trading activity remained cautious in a range bound session as balancing of portfolio positions by institutional investors continued on the last day of the fiscal year 21.
The trading kicked off on an upbeat note right after the opening bell, however, the earlier gains were pared briefly in the afternoon before strong investor sentiment triggered cherry-picking, which continued for the rest of the day, helping the market post moderate gains. ....

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