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Published 13 days ago

Stocks turn in depressed performance

Summary by Dawn

KARACHI: After scaling an all-time high overnight, the benchmark KSE 100 index faltered despite a positive start on Tuesday amid reports of oil refining units shutting down and Shanghai Electric Power’s withdrawal of an offer to buy K-Electric. Ahsan Mehanti of Arif Habib Corporation attributed the depressed market performance to the expectations of prudent SBP monetary policy announcement next week ahead of new IMF loan talks and strong opposi…

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Stocks turn in depressed performance

KARACHI: After scaling an all-time high overnight, the benchmark KSE 100 index faltered despite a positive start on Tuesday amid reports of oil refining units shutting down and Shanghai Electric Power’s withdrawal of an offer to buy K-Electric. Ahsan Mehanti of Arif Habib Corporation attributed the depressed market performance to the expectations of prudent SBP monetary policy announcement next week ahead of new IMF loan talks and strong opposi…

13 days ago·Pakistan

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