FATF meeting amid results season may keep PSX range-bound this week - News Summed Up

FATF meeting amid results season may keep PSX range-bound this week


On the other hand, healthy financial earnings are expected as some major companies will announce their results this week. Analysts said that the market will remain positive in the upcoming week given the continuation of the result season. Foreign selling continued this week clocking-in at USD 0.6 million compared to a net sell of USD 3.2 million last week. Selling was witnessed in Commercial Banks (USD 5.1 million) and Technology and Communication (USD 1.4 million). On the domestic front, major buying was reported by Companies (USD 5.5 million and Individuals (USD 4.9 million).


Source: Pakistan Today February 21, 2021 17:15 UTC



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