Oil price stabilization and news of oil tankers reaching the country allays fears for some investors.
MesoQuill Research
With an oil tanker reaching Pakistan and news that more are on the way the price for oil stabilized in the market which had some effect on investors as the benchmark index as the three main indices gained pretty heavily. Activity gained considerably, albeit still low relative to the last two years, but most of the volume was directed to large cap stocks.
The market delta was skewed positively but with very low liquidity - 30% more than 100k and 56% more then 10k implies there is little to extract from this.
Top News
Shahryar Chishty has been appointed as the effective CEO for the company.
The company reappointed its chairman and CEO.
Earnings
ADB will be providing $10bn in Financing to Pakistan in its CPS26-30 program.
