KSE 100 up 244 points at mid-day

KSE 100 Index is currently trading at 41,222.06 points, positive by 244 points. Up till now the 44.037 million shares are traded in the market. Market has reached an intraday high of 41,526.57 and a low of 40,978.23.

The sectors that are at the lead today include Commercial Banks, E&P, Fertilizer and Cement Sectors.

Dr. Shamshad Akhtar reaches Paris to fight for Pakistan’s case Over ‘Grey List’. A meeting of Financial Action Task Force (FATF) is going on in Paris, attended by caretaker Finance Minister Dr. Shamshad Akhtar. Pakistan is expected to be placed on the FATF grey list during the crucial six-day meeting from June 24th to 29th in Paris. Caretaker Finance Minister Dr. Shamshad Akhtar had arrived in Paris on Monday along with officials of the financial monitoring unit to fight for Pakistan’s case over ‘grey list’.

Furthermore, Amnesty Schemes heading towards failure, Says Muffasar Malik. Urges Honorable CJP, PM & FM to take strict notice of FBR’s unlawful moves to derail Amnesty Schemes. President Karachi Chamber of Commerce & Industry (KCCI) Muffasar Atta Malik, while referring to abrupt changes including exclusion of income earned during the current fiscal year from the scope of tax amnesty scheme and revised formula for valuation of foreign assets, stated that both these steps have terribly shook the confidence of individuals who were keen to avail these schemes, besides triggering anxiety amongst those individuals who have already declared their assets under these schemes but are now fearing arm-twisting by tax authorities.

Currently oil benchmark WTI is trading at 68.24 per barrel up 0.22 percent whereas BRENT was also up by 0.1 percent to $74.81 per barrel.

The scripts that are at the bottom today in the first half of the current session include Attock Petroleum (APL), Hascol Petroleum (HASCOL) and Millat tractors (MTL).