MARKET CLOSING - 21ST OCT 2021

The Pakistan equity market continued its bull run as the index gained 321.94(0.71%), closed at 45,821.40pts . The index commenced on a positive note and the bull rally continued throughout the day. The index made an intraday high of 46,164.48 and a low of 45,481.99. The all share index volume stood at 338mln, showcasing investor caution towards taking new exposure. On the economic front, coal prices have started to settle down, however the global economies are still trouble by the rising energy prices. Meanwhile the local bourse is gaining momentum due to positive economic development. Pakistan FDI rose by 16% for the month of September and CAD narrowed to $1.11bn, on the back of decrease in Import bill. While the Currency depreciation is a serious threat to Pakistan Economic development, the government is positive about the IMF program, given the recent events