News & Views

July 16, 2018

MARKET ROUNDUP

KSE-100 index gained 396 points yesterday, to close at 40,271 with 118mn shares being traded. Top performance as per index points was witnessed in BOP, HBL and MCB; top decliners were JLICL, AGIL and IBFL. Activity was mainly concentrated in Cement, Commercial Banks and Cable & Electrical Goods.

Inside:Auto Sector Update : Dated:11/07/18

NewsSnapshot

• Nawaz, Maryam arrested, shifted to Adiala jail
• FIA issues red warrant against Dar
• SBP increases key interest rate by 100 basis points to 7.5%
• Major step being taken to curb imports
• Govt misses exports target by $1.7b
• Shamshad hopes economic growth at 5.8pc
• New govt may decide to proceed with IMF package
• No request, no discussion for bailout: IMF
• KPT to build $10bn freight corridor
• Pakistan, China review phase-1 of rail project
• Call for imposing anti-dumping duty on Iranian cement
• GST adjustment claim: FBR waives major condition for steel melters
• 3rd R-LNG-based IPP of 1223MW completed
• No civil penalty imposed, says UBL
• PSO stops fuel oil imports, awaits demand from power producers