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Weekly Roundup: Pakistan Stock Exchange Performance – By Shajar Research

  • By: Shajar Capital Pakistan (Private) Limited

  • - Published: Friday, 13 August 2021
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<ul><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Post COVID lockdown in Karachi revived business and commercial activities in the metropolis where the industrialist has started to improve their confidence in the construction sectors mainly on the higher Cement/bag prices along with the hike in steel prices in the midst of rising int'l coal and steel prices. Further, despite, approval of Refinery policy, later in the previous, we have not witnessed any improvement in the refinery sector.</span></li><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Additionally, the sector couldn&rsquo;t perform even on the better-than-expected FY21 financial results particularly NRL where the company has declared DPS of PKR10/sh. The slowdown in int'l crude oil pr...

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