Investors are likely to remain cautious over upcoming MSCI review, where Pakistan is expected to be downgraded from MSCI Emerging market to Frontier market where the final verdict is to be announced by Sep 7, 2021, with the reclassification reflected in Nov 2021 SAIR.

Cements are likely to remain under pressure over surging international coal prices with Richard Bay trading at US$150.95/ton. Moreover, refineries to remain in the limelight as the revised Oil Refining Policy draft is submitted to Cabinet Committee on Energy.

Courtesy – Intermarket Securities Limited.