News & Views

August 16, 2019

MARKET ROUNDUP

KSE-100 index lost 309 points yesterday, to close at 29,429 with 76mn shares being traded. Top performance as per price change was witnessed in SCBPL, BNWM and OLPL top decliners were FABL, FHAM and EPCL. Activity was mainly concentrated In Cements, Technology & Banks.

Inside: Fertilizer Sector Update : Dated:07/26/19

NewsSnapshot

• India's Kashmir moves: UNSC to meet today
• Global economic uncertainty threatens oil demand: IEA
• Major changes in govt financial management ushered in
• IMF conditionality: government repays Rs 1.3 trillion to SBP
• Unbelievable increase in govt debt
• Economy in right direction
• Exports to EU stagnate despite GSP+ status
• July remittances post nominal growth YoY
• 'Axle load regime to require $15bn investment'
• Cabinet approves appointment of Aamir as SECP chief
• Gold prices reach all-time high
• FBR collects Rs1bln in revenue from foreign fund transfers
• Balochistan announces first mineral policy
• Tax collection from new car registration falls 15.3pc
• Sale of gas: Ogra notifies up to 39pc hike in minimum charges
• Government fails to settle GIDC issue with fertilizer industry
• New policy rejected: Industry seeks dumping duty on import of oilseeds
• No GST invoice needed for products so shared between OMCs
• SBP imposes penalties on banks
• Govt lifts all bank liquidity as private credit offtake goes negative