News & Views

January 16, 2019

MARKET ROUNDUP

KSE-100 index gained 202 points yesterday, to close at 39614 with 122mn shares being traded. Top performance as per price change was witnessed in PPL, EFUG and NCL; top decliners were HGFA, UNITY and SCBPL. Activity was mainly concentrated in Chemical, Commercial Banks and Cable & Electrical Goods.

Inside: Banking Sector Update: Dated:01/11/19

NewsSnapshot

• May loses Brexit vote 432-202
• Import of cotton: Withdrawal of duties, sales tax approved by ECC
• Pakistan, China agree to make 2019 a year of economic cooperation
• PM Task Force proposes zero percent IT on internet
• TCP decides to discard urea import tender
• Ease of doing business: Amendments to policy order also accorded sanction
• PIA revival plan to be submitted to PM:
• PD, Nepra refuse to share details about IPPs
• ECC ties car imports to duty payment in foreign currency:
• China to check CPEC security arrangements
• Pharmaceutical exports to reach $2 billion mark in three years
• Auto development policy: Incentives for local auto parts manufacturers urged
• Govt pins hope on offshore Kekra-1 drilling
• Hi-Tech Alloy Wheels to issue 150m shares
• Aptma agrees to out-of-court settlement of GIDC issue
• Saudi minister 'very optimistic' about oil market