MARKET CLOSING - 7TH OCT 2021

During today’s session the Pakistan bourse observed a rebound from the bearish momentum of previous days as the benchmark index gathered 212.81(0.48%), accumulating at 44,586.04. The key index commenced the day on a positive note, where the investor sentiment grew stronger during the day. The intraday index reached a low of 44,373.23 and high 44,947.38 during today’s session. The all share index stood at 295mln, depicting investor caution towards trading. On the economic front, Natural gas and coal prices take hit after touching record highs yesterday. Moreover, chines economy remained under hot water’s due to energy crises coupled with the mounting debt pressure. Meanwhile, on the local front, T-bill rates hiked by 21bps. KE and Federal Government are negotiating new PPA