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News & Views

April 16, 2021

MARKET ROUNDUP

KSE-100 lost 81 points yesterday, to close at 45,230 with 347Mn shares being traded. Top performance as per price change was witnessed in SHEL, PSMC & KTML. Top decliners JLICL, AGIL & HGFA. Activity was mainly concentrated In Technology, Refinery & Chemicals.

Inside: Auto Sector Update: Dated:04/16/21

NewsSnapshot

• No room for armed gangs: Govt bans TLP
• France advises companies, citizens to leave Pakistan
• Additional SDRs to give 'meaningful' support: Moody's
• Eurobond inflows push up forex reserves to $23bn
• Personal income tax; FBR trying to reduce number of slabs to 5
• POL products' prices slashed
• 'PM to announce Rs446 bn package for Sindh today'
• Report on SBP bill to be presented in NA today
• Karrot Hydropower Project to be completed by April 2022
• CCoE extends flat tariff for industrial consumers till June 2022
• Private sector; Govt plan for handing over Discos finalized
• Local POL Production Increases 7.94% In 8 Months Of FY21
• PRGMEA seeks duty free yarn import till self sufficiency
• FBR assures documented steel sector of maximum relief
• Govt asked to prioritise offshore exploration