Pakistan#Stock#Exchange

 Morning News (21st Aug’23)


Politics & Economy

1. Qureshi arrested by FIA in ‘missing cypher’ case

https://epaper.brecorder.com/2023/08/20/1-page/970054-news.html

Neutral


2. President denies signing bills amending Official Secrets Act, Army Act: Alvi’s belated tweet plunges country into constitutional controversy

https://www.thenews.com.pk/print/1102086-official-secrets-act-pakistan-army-amendment-act-president-denies-signing-bills-tenders-apology

Neutral


3. Question of energy sector reforms comes under interim govt’s focus

https://epaper.brecorder.com/2023/08/20/1-page/970059-news.html

Neutral


4. Business community welcomes caretaker federal cabinet

https://epaper.brecorder.com/2023/08/21/5-page/970154-news.html

Neutral


5. July C/A deficit stands at $809m

https://epaper.brecorder.com/2023/08/19/1-page/970011-news.html

Neutral


6. Foreign direct investment falls 23pc in July

https://www.dawn.com/news/1770966

Neutral


7. Upwards trend in rates of vegetables continues

https://www.thenews.com.pk/print/1102236-upwards-trend-in-rates-of-vegetables-continues

Neutral


8. Cotton arrivals underreported in Punjab, raising crop size doubts

https://e.thenews.com.pk/detail?id=229919

Neutral


Sector & Company Related

9. Share of smuggled cigarettes further increases

https://epaper.brecorder.com/2023/08/21/1-page/970132-news.html

Neutral for Tobacco


10. PMG, HSD sectors: OMAP says concerned at pricing mechanism

https://epaper.brecorder.com/2023/08/21/12-page/970215-news.html

Neutral for OMC


11. Power tariff may go up by another Rs4.37

https://tribune.com.pk/story/2431453/power-tariff-may-go-up-by-another-rs437

Neutral for IPP


12. July textile group exports decline 11.44pc YoY

https://epaper.brecorder.com/2023/08/19/1-page/970003-news.html

Neutral for Textiles


13. Telecom sector for tackling ‘digital emergency’

https://tribune.com.pk/story/2431385/telecom-sector-for-tackling-digital-emergency

Neutral for Telecom


14. Govt caps incentives for refinery upgrade projects

https://www.dawn.com/news/1771298/govt-caps-incentives-for-refinery-upgrade-projects

Neutral for Refineries


Board Meetings

AKBL 10:00 AM

NPL 11:00 AM

ISL 02:00 PM


Currency & Commodities

PKR/USD 295.78

Gold/USD 1,889.31/oz

Coal USD 111.25/ton

WTI USD 82.06/bbl

Cotton 18,300/maund

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