Pakistan#Stock#Exchange

 Morning News (18th Aug’23)

Politics & Economy


1. ECP announces launch of fresh delimitation of constituencies

https://epaper.brecorder.com/2023/08/18/1-page/969923-news.html

Neutral


2. Kakar picks 24-member caretaker cabinet

https://www.thenews.com.pk/print/1101200-16-member-interim-federal-cabinet-takes-oath

Neutral


3. FY23 closes with Rs6.52 trillion deficit 

https://www.thenews.com.pk/print/1101325-fy23-closes-with-rs6-52tr-deficit

Neutral


4. Govt debt stocks hit all-time high

https://epaper.brecorder.com/2023/08/18/12-page/969990-news.html

Neutral

 

5. SBP’s reserves up by $12m 

https://epaper.brecorder.com/2023/08/18/12-page/969991-news.html

Neutral


6. Interim govt will ensure full use of SIFC forum: Kakar 

https://epaper.brecorder.com/2023/08/18/1-page/969931-news.html

Neutral


7. Historic water availability to boost agri, hydel production

https://www.dawn.com/news/1770772/historic-water-availability-to-boost-agri-hydel-production

Neutral


8. President’s power to pardon or remit conviction; Article 45 may land in SC for interpretation

https://epaper.brecorder.com/2023/08/18/1-page/969920-news.html

Neutral


9. Oil rises as dollar eases

https://epaper.brecorder.com/2023/08/18/5-page/969970-news.html

Neutral

Sector & Company Related


10. New refining policy to slash furnace oil output by 78pc

https://www.thenews.com.pk/print/1101221-new-refining-policy-to-slash-furnace-oil-output-by-78pc

Positive for Refineries


11. Facing continued losses, provincialization of DISCOs issue to go to caretaker cabinet

https://profit.pakistantoday.com.pk/2023/08/17/facing-continued-losses-provincialisation-of-discos-issue-to-go-to-caretaker-cabinet/

Neutral for Power


12. Tariq Glass Industries makes It to Forbes Asia’s Top 200 list 

https://mettisglobal.news/tariq-glass-industries-makes-it-to-forbes-asias-top-200-list/

Neutral for TGL


13. SPL seeks funds 

https://www.thenews.com.pk/print/1101230-spl-seeks-funds

Neutral for SPL


Board Meetings

PRL 9:00 AM

SHNI  10:00 AM

JSIL  10:30 AM

PKGP  11:00 AM

IBFL  11:30 AM

BWHL  11:30 AM


Currency & Commodities

PKR/USD 294.91

Gold/USD 1,889.4/oz

Coal USD 110.8/ton

WTI USD 80.6/bbl

Cotton 18,200/maund

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