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News & Views

July 10, 2020

MARKET ROUNDUP

KSE-100 gained 447 points yesterday, to close at 36,142 with 467mn shares being traded. Top performance as per price change was witnessed in UNITY, AKBL & BAFL. Top decliners were IDYM, HINOON and FCEPL. Activity was mainly concentrated In Technology, Banks & OMCs.

Inside: KAPCO Update: Dated:07/07/20

NewsSnapshot

• IMF predicts economic recovery next year
• World Bank to lend $200mln for Pakistan's locust control
• President FATF urged to remove Pakistan from Grey list
• Import duty collection slips 7.4pc to Rs453bln in FY2020
• SSGC announces load-shedding for industrial consumers
• FBR decides to allow importers to reclassify goods
• SBP reserves cross $12bn
• The foreign exchange reserves of the State Bank of Pakistan (SBP) crossed $12 billion
• Pak-Afghan trade: Islamabad, Kabul urged to remove bottlenecks
• Major locust swarms may reach Pakistan later this month
• LHC to constitute inquiry commission over petrol crisis
• RLNG plants' sell-off: PC arranges online meeting of potential buyers with stakeholders
• K-Electric to get more supply from national grid
• Gas companies to provide over 0.54 million new connections in FY21
• US too places ban on PIA flights
• Descon forms new division