End of FATF uncertainty, LoC ceasefire, falling gold, strong rupee may move PSX north - News Summed Up

End of FATF uncertainty, LoC ceasefire, falling gold, strong rupee may move PSX north


The benchmark KSE-100 Index closed at 45,865.02 points last week against its closure at 46,227.65 points on the preceding week. Scrip-wise negative contributors were OGDC (92 points), PSO (42 points) and NBP (41 points) while positive contributors included LUCK (160 points), TRG (56 points) and MEBL (28 points). Foreign buying this week clocking-in at $0.3 million compared to a net sell of $0.6 million last week. The number of refunds disbursed was Rs152 billion compared to Rs79 billion paid last year, showing an increase of 97 per cent. The tax deposited with returns was Rs49.6 billion compared to only Rs31.0 billion, showing an increase of 60 per cent.


Source: Pakistan Today February 28, 2021 16:40 UTC



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