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News & Views

June 01, 2020

MARKET ROUNDUP

KSE-100 gained 236 points yesterday, to close at 33,931 with 233mn shares being traded. Top performance as per price change was witnessed in PSX, ABOT & ATLH. Top decliners were JDWS, PAKT and NATF. Activity was mainly concentrated In Technology, Cements & Vanaspati.

Inside: Fertilizer Sector Update : Dated:05/28/20

NewsSnapshot

• Pakistan's growth prospects bank on IMF-backed reforms
• Pakistan plans to raise $1.5bn in Eurobonds, officials say
• Petrol price reduced by Rs7.06, kerosene Rs11.88, LDO by Rs9.37/litre
• Pakistan seeks $15b loans in FY21
• July-April services trade deficit plunges 33pc YoY
• Pak fiscal deficit to be in range of 8 to 17pc of GDP
• Pakistan's inflow of remittances under threat
• FBR collection falls 31% in May
• FBR to release Rs10bln income tax refunds
• Govt releases Rs583.3bn
• Debt servicing, defence consume Rs2,700 bn in nine months
• In a first, ship with fertiliser for Afghanistan berths at Gwadar Port
• Govt focusing to attract FDI, transfer of technology in SEZs
• Rs200bn summary sent back to Power Division