Pakistan#Stock#Exchange

 Morning News (24th Aug’23)


Politics & Economy

1. All eyes on ECP chief as president calls for confab over poll date

https://www.dawn.com/news/1771865/all-eyes-on-ecp-chief-as-president-calls-for-confab-over-poll-date

Neutral


2. PM reaches out to businesspeople representing SMEs

https://epaper.brecorder.com/2023/08/24/1-page/970411-news.html

Neutral


3. UNDP, EU, courts collaborate to improve legal aid in provinces

https://www.dawn.com/news/1771837/undp-eu-courts-collaborate-to-improve-legal-aid-in-provinces

Neutral


4. Iranian envoy for enhancing bilateral trade to $5bn

https://epaper.brecorder.com/2023/08/24/3-page/970434-news.html

Neutral


5. Pakistan to host 17th China-South Asia Business Forum in 2024, FPCCI says

https://www.thenews.com.pk/print/1103096-pakistan-to-host-17th-china-south-asia-business-forum-in-2024-fpcci-says

Neutral


6. Non-textile exports fall 9pc in July

https://www.dawn.com/news/1771829/non-textile-exports-fall-9pc-in-july

Neutral


7. Govt raises over Rs2tr through T-bills

https://www.dawn.com/news/1771824/govt-raises-over-rs2tr-through-t-bills

Neutral


8. RDA inflows hit $6.487bn, but face headwinds from global rates

https://www.thenews.com.pk/print/1103094-rda-inflows-hit-6-487bn-but-face-headwinds-from-global-rates

Neutral


Sector & Company Related


9. CPEC firms ask govt to ensure timely payments to operationalise powerhouses

https://www.thenews.com.pk/print/1103241-cpec-firms-ask-govt-to-ensure-timely-payments-to-operationalise-powerhouses

Neutral for HUBC and ENGRO


10. Govt seeks to raise power rate by Rs3.55 per unit

https://www.dawn.com/news/1771830/govt-seeks-to-raise-power-rate-by-rs355-per-unit

Neutral for IPPs


11. PSO receivables reach all-time high of Rs740bn

https://epaper.brecorder.com/2023/08/24/12-page/970485-news.html

Neutral for PSO


12. Pakistan, IMF hold virtual talks on energy sector

https://www.thenews.com.pk/print/1103244-pakistan-imf-hold-virtual-talks-on-energy-sector

Neutral for IPPs


13. Banking sector spread decreases by 64bps MoM in July

https://mettisglobal.news/banking-sector-spread-decreases-by-64bps-mom-in-july/

Neutral for Banks


14. GTYR firmly affirms adherence to regulatory compliance amid allegations

https://mettisglobal.news/gtyr-firmly-affirms-adherence-to-regulatory-compliance-amid-allegations/

Neutral for GTYR


Board Meetings

JLICL 10:00 AM

GTYR 11:00 AM

FABL 11:30 AM

UPFL 2:30 PM

HMB 03:00 PM

AGP 03:00 PM

BOP 04:00 PM


Currency & Commodities

PKR/USD 299.64

Gold/USD 1,915.5/oz

Coal USD 112.4/ton

WTI USD 78.6/bbl

Cotton 18,900/maund

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