Web Desk
Karachi, July 06, 2022 (PPI-OT): Monetary Policy Statement – 125bps Rate Hike Expected, Extending the Current Tightening Cycle to 675bps We expect SBP to raise the policy rate by 125bps taking the key rate to 15%, which is close to historic high of 15% back in 2008. As per a market survey conducted by CFA…
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Karachi, July 06, 2022 (PPI-OT): KSE-100: Plummets by 245pts amidst low volumes The index opened on a positive note and a lackluster activity witnessed. The local bourse posted an intraday high of 110pts, a low of 281pts to settle at 41,103 pts level with a loss of 246pts. The volumes witnessed in the last trading…
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Karachi, July 06, 2022 (PPI-OT): DAILY STOCK MARKET REPORT Market Position as of July 06, 2022 Ready Market Companies Position Plus Minus Unchanged Total 173 115 20 308 Future Market Companies Position Plus Minus Unchanged Total 237 43 10 290 INDICES KSE30 KSE100 KSEALLSHR KMI30 KMIAllSHR BKTI OGTI Current 15,660.30 41,159.79 28,320.37 67,701.97 20,677.13 10,625.71…
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Karachi, July 06, 2022 (PPI-OT): View from the desk KSE-100 index closed at 41,160, gaining 57 points DoD. Overall traded volume stood at 98 million shares where AGL (6.2%), UNITY (0.5%), ANL (3.1%), LOTCHEM (0.3%) and SNGP (0.6%) were the prominent contributors. Going forward, investor sentiment will largely be driven by positive news on the…
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Karachi, July 06, 2022 (PPI-OT): Pakistan Edible: Palm Oil prices crash spectacularly In an astonishing move, palm oil prices have crashed to 9-month low and extended their longest losing streak to 10 days since Mar’22 to currently stand at US$1,065/ton, down 45% from its peak in Mar’22. This sharp decline is largely attributable to surging…
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Karachi, July 06, 2022 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has demanded that the federal government should decisively proceed towards enabling Sukkur airport for international flights; which happens to be a longstanding demand of the business community of the Sindh province. Mr. Irfan Iqbal Sheikh has apprised that Sukkur has geographical contiguity with eight big…
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Karachi, July 06, 2022 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has expressed his satisfaction over a high-profile, bilaterally well-attended and extensive session of Pakistan-Saudi Arabia Joint Business Council – aimed at enhancing trade volume and exploring avenues for joint ventures. The all-encompassing session was organized on Business-to-Business (B2B) format in the presence of trade officials…
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