News & Views

Jun 14, 2019

MARKET ROUNDUP

KSE-100 index gained 465 points yesterday, to close at 35403 with 154mn shares being traded. Top performance as per price change was witnessed in TRG, FCCL and FFBL top decliners were JLICL, IGIHL and PSMC. Activity was mainly concentrated in Cements, Chemical & Technoogy.

Inside: MPS Preview : Dated:05/20/19

NewsSnapshot

• Crude prices climb four percent: US blames Iran for tanker attacks
• OPEC demand outlook cut builds case to keep supply curbs
• PM meets Putin
• NAB issues arrest warrants for Faryal
• Rupee falls to all-time low of 153.50
• Gold hits new peak of Rs73,400/tola on weak rupee
• Commission to probe Rs 24 trillion loans
• PSDP releases: Budget documents contain glaring discrepancies
• Financing projection for five years
• $26 billion exports eyed against $24.65 billion projection
• Govt adds Rs3.9tr to public debt in 10 months of FY19
• SBP reserves down by $55 million to $7.807 billion
• Heated debate on Finance Bill 2019 likely in Senate today
• FBR may lose 200,000 returns filers on increase in income threshold
• Punjab budget today
• Rs 52.73 billion budgeted from 3G licences for FY-20
• Finance Bill, 2019: penalties for tax offences massively enhanced
• President removes FTO
• Car sales fall 18% to 17,891 units in May
• FED on tobacco: FBR facing political pressure to abolish Rs300 per kg levy
• Fertiliser makers demand release of Rs20bln in subsidy claims