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News & Views

August 12, 2020

MARKET ROUNDUP

KSE-100 gained 644 points yesterday, to close at 40,559 with 600Mn shares being traded. Top performance as per price change was witnessed in HUBC, PIOC & SSGC. Top decliners were TRG, IDYM and HCAR. Activity was mainly concentrated In OMCs, Power & Technology.

Inside: Auto Sector :Dated: 08/12/20

NewsSnapshot

• Cabinet briefed about state of economy-Pakistan is on the road to economic stability
• Two key FATF bills; Govt, opposition reach consensus
• FY20 sees fiscal deficit at 8.1pc
• PKR-linked ADB bonds-MoF 'accepts' SBP conditions
• Export responses to RER depreciations lower: WB
• Int'l imports and exports-FBR expands 'Single Window' project to whole country
• Live animals, meat & products-Govt all set to lift ban on import
• SC to announce its reserved judgment on GIDC tomorrow
• NBFCs draft amendments issued
• Car sales decline in July
• Moody's confirms 'B3' and 'Caa1' ratings-Five banks
• Senate body advises SSGC to revisit extraction deal with JJVL
• Gas companies directed to resolve public issues by August 20
• KE successfully closes Rs25bn sukuk
• Govt likely to extend $125m funding to PIA-IL-Roosevelt Hotel