AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Cement sector remained hot favorite of Foreigners during the month of May 2021

Foreigners enhanced position in cements by USD31.2 million despite net selling during the month

admin-augaf by admin-augaf
May 31, 2021
in Business, Finance, International, National
Reading Time: 2 mins read
0
Cement stocks to maintain upward momentum as Coal’s Slumps from Record high and Brightens LNG Supply

Cement stocks to maintain upward momentum as Coal’s Slumps from Record high and Brightens LNG Supply

Share on FacebookShare on TwitterWhatsapp

Karachi May 31’2021: Foreigners remain net seller of USD42.8 million during the month of May 2021 despite buyer of Cement and Technology stocks given selling in Oil and Gas Exploration and Production and Others segment because of exclusion of Oil and Gas Company Limited (OGDCL PA) and Indus Motor Limited (INDU PA) from MSCI Emerging Market Index and MSCI Small Cap Index respectively.

Cement sector witnessed Foreigners inflow of USD31.19 million given up gradation of Lucky Cement into MSCI EM Large Cap index from MSCI Small Cap index and SBP accommodative stance with respect to setting policy rate. Foreigners bought USD11.4 million worth of shares of Technology sector on the back of TRG Pakistan Limited (TRG PA).

Earlier, MSCI, a leading provider of research-based indexes and analytics, announced on May 12’2021 the result of the May 2021 Semi-Annual Index Review for MSCI Equity Indexes including MSCI Global Standard Index and MSCI Global Small Cap. All changes will be implemented by May 27’2021.

From Pakistan’s perspective, there is one addition and one deletion in MSCI EM Large Cap Index. Lucky Cement (LUCK PA) will be added to the Index in place of Oil and Gas Company (OGDC PA). TRG Pakistan Ltd (TRG PA) is added to small cap index while Lucky Cement (LUCK PA), Indus Motor Company (INDU PA), National Bank of Pakistan (NBP PA) and Packages (PKGS PA) are deleted.

Foreigners bought USD2.8 million worth of share today which is the last trading of the current month. Foreigners enhanced their exposure in Cements, Banks, FMCG and Technology by USD2.1 million, USD1.5 million, USD0.6 million and USD0.5 million during the day respectively.

Source: NCCPL
Tags: CementforeignerMay2021NCCPLPTI
admin-augaf

admin-augaf

Related Posts

Pakistan Witness 10% Increase In Companies Registration
Business

Pakistan Unveils New Measures to Strengthen Shariah-Compliant Market Intermediaries

May 19, 2025
S&P 500, Nasdaq eye weekly loss as rate-hike worries hit growth stocks
Business

‘Sell America’ Is Back as Moody’s Pushes 30-Year Yield to 5%

May 19, 2025
AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month
Business

AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

May 17, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

Pakistan Witness 10% Increase In Companies Registration

Pakistan Unveils New Measures to Strengthen Shariah-Compliant Market Intermediaries

May 19, 2025
S&P 500, Nasdaq eye weekly loss as rate-hike worries hit growth stocks

‘Sell America’ Is Back as Moody’s Pushes 30-Year Yield to 5%

May 19, 2025
AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

May 17, 2025
Pakistan New Budget Will Tax Cars on Prices

Pakistan to Reduce Customs Duty to 15% and Phase Out Regulatory Duty in Five Years

May 17, 2025
IT

Pakistan Central Development Body Approves PKR 143 Billion for Projects Including Tech Industry and Laptop Scheme

May 17, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Pakistan Unveils New Measures to Strengthen Shariah-Compliant Market Intermediaries
  • ‘Sell America’ Is Back as Moody’s Pushes 30-Year Yield to 5%
  • AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Pakistan Witness 10% Increase In Companies Registration

Pakistan Unveils New Measures to Strengthen Shariah-Compliant Market Intermediaries

May 19, 2025
S&P 500, Nasdaq eye weekly loss as rate-hike worries hit growth stocks

‘Sell America’ Is Back as Moody’s Pushes 30-Year Yield to 5%

May 19, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.