Pakistan#Stock#Exchange

 Morning News (28th Aug’23)


Politics & Economy

1. Rising political ‘clamour’ may force earlier elections

https://www.brecorder.com/news/40259935/rising-political-clamour-may-force-earlier-elections

Neutral


2. West cautions Pakistan against delaying polls

https://tribune.com.pk/story/2432720/west-cautions-pakistan-against-delaying-polls

Neutral


3. Economy and development: Blome says US to help caretakers pursue agenda 

https://www.brecorder.com/news/40259938/economy-and-development-blome-says-us-to-help-caretakers-pursue-agenda

Neutral


4. In debut talk with IMF, Shamshad vows policy upkeep

https://www.dawn.com/news/1772270/in-debut-talk-with-imf-shamshad-vows-policy-upkeep

Neutral


5. FO explains country’s approach to BRICS bloc 

https://www.brecorder.com/news/40259925/fo-explains-countrys-approach-to-brics-bloc

Neutral


6. SBP says it can’t impose ban on import of any item 

https://epaper.brecorder.com/2023/08/28/1-page/970716-news.html

Neutral


7. Grey market, IMF blamed as rupee goes into free fall

https://www.dawn.com/news/1772465/grey-market-imf-blamed-as-rupee-goes-into-free-fall

Neutral

8. No immediate end to external account woes: Dollar outflows to outpace inflows till December

https://www.thenews.com.pk/print/1104199-no-immediate-end-to-external-account-woes-dollar-outflows-to-outpace-inflows-till-december

Neutral


9. Additional grants plugged, except for ‘severe disasters’

https://www.dawn.com/news/1772633/additional-grants-plugged-except-for-severe-disasters

Neutral


10. Rupee to continue downward trend, analysts expect off-cycle rate hike 

https://www.thenews.com.pk/print/1104050-rupee-to-continue-downward-trend-analysts-expect-off-cycle-rate-hike

Neutral


11. Pakistan’s weight in MSCI FM100 Index increases by 34bps to 2.93% 

https://mettisglobal.news/pakistans-weight-in-msci-fm100-index-increases-by-34bps-to-2-93/

Neutral


12. Govt borrowings rise at a rapid clip

https://www.dawn.com/news/1772272/govt-borrowings-rise-at-a-rapid-clip

Neutral


13. Citizens hit with additional Rs2.2tr burden: PTI 

https://tribune.com.pk/story/2432686/citizens-hit-with-additional-rs22tr-burden-pti

Neutral


14. LPG price hiked by another Rs10 per kg 

https://epaper.brecorder.com/2023/08/27/1-page/970639-news.html

Neutral


15. Countrywide protests against electricity tariff hike continue 

https://epaper.brecorder.com/2023/08/27/1-page/970646-news.html

Neutral


16. Businesses criticise ‘unaffordable’ tariff hike

https://www.dawn.com/news/1772461/businesses-criticise-unaffordable-tariff-hike

Neutral


17. Power tariffs: caretakers capitulate? 

https://epaper.brecorder.com/2023/08/28/1-page/970718-news.html

Neutral


18. Another increase in sugar, flour prices shocks consumers 

https://www.dawn.com/news/1772459/another-increase-in-sugar-flour-prices-shocks-consumers

Neutral


19. SECP issues first certificate of Shariah compliance 

https://www.brecorder.com/news/40259933/secp-issues-first-certificate-of-shariah-compliance

Neutral 


20. High flood in Sutlej River inundates villages, farmlands 

https://www.thenews.com.pk/print/1104476-high-flood-in-sutlej-river-inundates-villages-farmlands

Neutral


21. Not necessary to agree with US on every issue: PM

https://www.thenews.com.pk/print/1104200-not-necessary-to-agree-with-us-on-every-issue-pm

Neutral


Sector & Company Related

22. MPCL gets exploration licence in Chagai 

https://www.brecorder.com/news/40259918/mpcl-gets-exploration-licence-in-chagai

Neutral for MARI


23. SSGC to Shut Down Gas Supply to Most of Karachi for Up to 72 Hours 

https://propakistani.pk/2023/08/25/ssgc-to-shut-down-gas-supply-to-most-of-karachi-for-up-to-72-hours/

Neural for SSGC


24. Rupee crisis costs refinery Rs750m on crude import 

https://www.thenews.com.pk/print/1103776-rupee-crisis-costs-refinery-rs750m-on-crude-import

Neutral for Refinery


25. Power sector T&D losses surge to Rs520.3bn in FY2021-22 

https://www.thenews.com.pk/print/1104470-power-sector-t-d-losses-surge-to-rs520-3bn-in-fy2021-22

Neutral for Power


26. Authorities move to end free electricity for Discos officers 

https://www.thenews.com.pk/latest/1104229-authorities-move-to-end-free-electricity-for-discos-officers

Neutral for Power


27. PIA seeks Rs23b bailout from govt

https://tribune.com.pk/story/2432722/pia-seeks-rs23b-bailout-from-govt

Neutral for PIAA


28. JS Bank acquires 67.33pc ordinary shares of BankIslami

https://www.brecorder.com/news/40259922/js-bank-acquires-6733pc-ordinary-shares-of-bankislami

Neutral for JSBL


29. Sindh govt bans new housing projects 

https://www.brecorder.com/news/40259926/sindh-govt-bans-new-housing-projects

Neutral for Cements, Steel


Board Meetings

ATBA 9:00 AM

HIRAT 9:00 AM

AGL 10:30 AM

CPPL 11:00 AM

FATIMA 11:00 AM

ABOT 12:00 PM

UVIC 12:30 PM

PIAA 12:30 PM

PICT 1:00 PM

PABC 2:00 PM

SYS 5:00 PM


Currency & Commodities

PKR/USD 301.00

Gold/USD 1,915.0/oz

Coal USD 111.40/ton

WTI USD 79.8/bbl

Cotton 19,200/maund

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