PakistanStockExchange

Morning News (16th Oct’23)


Politics & Economy

1. IMF countries to boost funding by year-end 

https://epaper.brecorder.com/2023/10/15/1-page/974392-news.html

Neutral


2. AIIB and World Bank approve $600m for Rise-II 

https://www.dawn.com/news/1781159/aiib-and-world-bank-approve-600m-for-rise-ii

Positive


3. All registered parties can take part in general elections: caretaker PM

https://www.dawn.com/news/1780944/all-registered-parties-can-take-part-in-general-elections-caretaker-pm

Neutral


4. Pakistan flood relief; $400m WB loan not in jeopardy, says ministry 

https://epaper.brecorder.com/2023/10/16/1-page/974457-news.html

Neutral


5. Pakistan set to meet key IMF targets: SBP 

https://www.thenews.com.pk/print/1118949-pakistan-set-to-meet-key-imf-targets-sbp

Neutral


6. Petrol price slashed by Rs40, HSD’s by Rs15 

https://epaper.brecorder.com/2023/10/16/1-page/974455-news.html

Neutral


7. Pakistan, China likely to ink more highway deals 

https://www.dawn.com/news/1781114/pakistan-china-likely-to-ink-more-highway-deals

Neutral


8. Capacity issues hinder uplift projects in flood-hit areas; Foreign states, donors ready to finance $7.4bn

https://epaper.brecorder.com/2023/10/14/10-page/974365-news.html

Neutral


9. Govt moves to reduce cash reliance further

https://www.dawn.com/news/1781153/govt-moves-to-reduce-cash-reliance-further

Neutral


10. Pakistan fails to realise CPEC potential 

https://tribune.com.pk/story/2440837/pakistan-fails-to-realise-cpec-potential

Neutral


11. Pakistan’s total public debt, liabilities: Govt wants to limit foreign debt to 40pc

https://www.thenews.com.pk/print/1118961-pakistan-s-total-public-debt-liabilities-govt-wants-to-limit-foreign-debt-to-40pc

Neutral


12. Q1FY24; $3.527bn borrowed from multiple financing sources 

https://epaper.brecorder.com/2023/10/14/1-page/974308-news.html

Neutral


13. Tax base widens to record 10m 

https://tribune.com.pk/story/2441214/tax-base-widens-to-record-10m

Neutral


14. High food, energy prices keep inflation elevated 

https://tribune.com.pk/story/2441013/high-food-energy-prices-keep-inflation-elevated

Neutral


15. Funding for energy efficiency project; EAD asked to get firm WB commitment 

https://epaper.brecorder.com/2023/10/16/1-page/974463-news.html

Neutral


16. Govt mulling slapping carbon tax on exports to EU 

https://epaper.brecorder.com/2023/10/16/1-page/974456-news.html

Neutral


17. New restrictions at ports threaten country’s wheat, flour supply

https://www.dawn.com/news/1780976/new-restrictions-at-ports-threaten-countrys-wheat-flour-supply

Neutral


Sector & Company Related

18. Saudi Aramco mulls bid for Shell’s Pakistan assets 

https://www.thenews.com.pk/print/1119457-saudi-aramco-mulls-bid-for-shell-s-pakistan-assets

Positive for SHEL


https://www.highcpmrevenuegate.com/gkkgd5fspa?key=fef47e4fddbf3959ff495fc505ca59cf19. KE seeks more electricity from national grid 

https://epaper.brecorder.com/2023/10/16/1-page/974462-news.html

Neutral for KEL


20. Two thermal plants hint at converting to Thar coal 

https://epaper.brecorder.com/2023/10/15/1-page/974389-news.html

Neutral for LPL and PKGP


21. Loss-making DISCOs struggle to avoid privatization 

https://tribune.com.pk/story/2441225/loss-making-discos-struggle-to-avoid-privatisation

Neutral for Power


22. Haleon Pakistan plans $10m upgrade of Jamshoro facility 

https://www.thenews.com.pk/print/1119002-haleon-pakistan-plans-10m-upgrade-of-jamshoro-facility

Neutral for HALEON


23. PSMC shareholders to receive Rs222 per share in delisting offer 

https://mettisglobal.news/psmc-shareholders-likely-to-receive-rs222-per-share-in-delisting-offer/

Positive for PSMC


Board Meetings

MACFL 12:15 PM

FCEPL 1:00 PM

SNBL  2:00 PM


Currency & Commodities

PKR/USD 277.60

Gold/USD 1,932.82/oz

Coal USD 134.00/ton

WTI USD 87.73/bbl

Cotton 16,600/maund 

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