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News & Views

June 23, 2021

MARKET ROUNDUP

KSE-100 lost 25 points yesterday, to close at 47,987 with 611Mn shares being traded. Top performance as per price change was witnessed in GATM, ANL & FCEPL. Top decliners PSEL, YOUW & FCEPL. Activity was mainly concentrated In Technology, Banks & Textiles.

Inside:Textile Sector Update: Dated:06/23/21

NewsSnapshot

• 27 FATF points implemented: Qureshi
• Foreigners buy debt worth $925mln in FY21
• Sindh industrial production increases by 12.4pc
• Senate body for suspension of export development fund
• LPG prices hiked for third time in four days
• Preparatory work of 300MW Balakot hydropower project completed
• Steps under way to not let gas crisis hit power supply
• Erstwhile tribal areas: Steel units plan shutdown against FED removal plan
• Profit on Debt: Bankers' body approaches minister for reduction in tax rate
• New Oil Refining Policy 2021: Tarin calls for overcoming all hurdles
• Construction sector: FBR rules out new tax amnesty scheme for contractors
• Cement exports rise 90pc in a month
• Balochistan to construct 49 new dams at cost of Rs 6.4 billion
• Govt takes major step towards promoting IB
• Auto policy revs up
• Wholesale power market: CPPA-G putting finishing touches to rules
• KPD maintenance: SSGC facing shortage of 170mmcfd gas
• Closure of Engro LNG terminal