News & Views

October 15, 2018

MARKET ROUNDUP

KSE-100 index lost 880 points yesterday, to close at 37518 with 135mn shares being traded. Top performance as per price change was witnessed in SML, SCBPL and GADT; top decliners were PSX, ASL and BYCO. Activity was mainly concentrated in Commercial Banks, Technology & Communication and Chemical.

Inside:Auto Sector Update: Dated:10/11/18

NewsSnapshot

• Window "narrowing" for global economy, IMF warns
• US to review Chinese debt before decision on Pakistan's loan request
• IMF package for Pakistan to be around $15 bn: IIF
• Whitening of black money: new amnesty scheme on the cards
• Incentives on anvil for raising foreign remittances
• Painful decisions ahead, warns Asad on return from Bali
• Finance minister trashes talk of discord with PM
• Dollar slips in interbank and open market
• FBR zeroes in on real estate transactions
• Razak assures of refunds from next month
• Government to arrange $2-3 bn stopgap financing from friends
• CPEC projects worth $28bln completed in 4 years
• Housing plan may take a hit: IMF sees 14% inflation rate by June 2019
• Pakistan seeks Azerbaijan investment in oil, gas
• Exporters seek release of Rs28bn cash subsidy
• Construction on all highways comes to a standstill for lack of funds
• New safety rules stir oil tanker owners
• Car prices to be raised by up to Rs 225,000
• Rules for urea import relaxed
• Power price hike looks inevitable
• Pakistan minister wonders why Paypal is ignoring such a big market
• Govt to unveil new tariff structure for industries next month
• Naya Pakistan builders to get legal cover
• 172m transactions of Rs9tr processed thru e-banking in 1Q