News & Views

August 17, 2018

MARKET ROUNDUP

KSE-100 index lost 486 points yesterday, to close at 41961 with 142mn shares being traded. Top performance as per price change was witnessed in AKBL, JLICL and FHAM; top decliners were SHEL, EFUG and PAEL. Activity was mainly concentrated in Chemical, Cement and Commercial Banks.

Inside: MCB: Dated:08/15/18

NewsSnapshot

• China, US to resume trade talks in late August
• Imran set to become PM today
• Presidential election on September 4
• Elahi elected Speaker of Punjab Assembly
• PTI government faces tough economic task
• Forex reserves slip below $17 billion
• Ease of Doing Business Index
• Gas sale-purchase agreement delayed by SSGC
• Telecom sector contributed Rs 684bn to exchequer from fiscal year 2013-17
• Power sector receivables soar to Rs 896.36 billion
• Violation of regulatory framework
• Sindh, Summit banks merger expected in Sept
• Sindh Bank to apply for PSX listing in 2018
• Akzo Nobel Pakistan expands footprint