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on March 03, 2022

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📰 Oil (Brent) surges above $118 See live chart

Sanctions on Russia taking toll of the World Economy in terms of fears of supply disruptions. IEA members US and Japan have committed to release 60mn barrels of Crude from Emergency Reserves.

Oil

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KSE100 Index Technical Outlook

The KSE-100 Index has surged out of its consolidation phase, closing at 118,442 with a robust gain of 2,906 points (+2.52%). This breakout has propelled the index beyond its previous trading range, as it now tests higher resistance levels. Trading activity also saw a significant uptick, with volumes rising to 1,250 million shares, reflecting renewed investor confidence. The index continues to hold firmly above its 10-week EMA (113,678), underscoring the prevailing bullish momentum.

IPO: Secure Logistics Group Ltd

Offered by Book Building Method at a Floor Price of PKR 12.00/- per share A Brief Note on on Initial Public Offering (IPO) of Secure Logistics Group Ltd, [formerly Asia Capital Partners (Private) Limited] (the "Company" or "SLG"). PRINCIPAL PURPOSE OF THE EQUITY CAPITAL RAISING: The purpose of offering is primarily to build equity base and retire some debt in high interest rate environment.

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