The indices slipped lower from the start of the day, as the benchmark KSE 100 index lost 1,206.20 pts to an intraday low of 44,315.43. It ended with a loss of 1,089.83 pts at 44,431.80 below the 45,000 mark.
NEPRA approved the Detailed Design and Implementation Plan of Competitive Trading Bilateral Contract Market (CTBCM) to make the competitive Wholesale Electricity Market (WEM) operational in Pakistan by April 2022.
The Authority will be conducting a webinar on the 22nd of December to discuss the future of WEM in Pakistan.
The S&P/ASX 200 index .AXJO gained 1.3% at 6,487.30, its highest since March 8. The index was riding high on vaccine optimism that offset worries about fresh lockdowns globally and helped most Asian markets start the week on firm ground.
A selloff in March wiped a third off the value of U.S. stock indexes over a three-week period and the premium for cash dollars hit multi-year highs as the pandemic slammed markets and locked down economies.