Pakistan#Stock#Exchange

 Morning News (4th Oct'23)

Politics & Economy


1. Govt tells illegal immigrants to leave by Nov 1

https://www.thenews.com.pk/print/1115715-govt-sets-nov-1-deadline-for-illegal-immigrants-to-leave-country

Neutral


2. 3rd Belt and Road Forum: Over 2 dozen pacts likely to be signed

https://epaper.brecorder.com/2023/10/04/1-page/973402-news.html

Neutral


3. Monetary easing likely in 2H of FY24 as inflation declines

https://www.thenews.com.pk/print/1115724-monetary-easing-likely-in-2h-of-fy24-as-inflation-declines

Neutral


4. Fiscal adjustment hamstrung by interest payments

https://epaper.brecorder.com/2023/10/04/1-page/973405-news.html

Neutral


5. WB revises growth downward to 1.7pc

https://epaper.brecorder.com/2023/10/04/1-page/973406-news.html

Neutral


6. Certain tax policies discourage investment in tradable sector: WB

https://epaper.brecorder.com/2023/10/04/1-page/973408-news.html

Neutral


7. WB projects primary balance at negative 0.4pc

https://epaper.brecorder.com/2023/10/04/1-page/973407-news.html

Neutral


8. Customs agents, transporters: FBR seeks bank guarantees for Afghan transit goods

https://epaper.brecorder.com/2023/10/04/1-page/973403-news.html

Neutral


9. Further tax on salaried class sought

https://tribune.com.pk/story/2439129/further-tax-on-salaried-class-sought

Neutral


Sector & Company Related

10. ECC approves telecom infrastructure- sharing framework

https://epaper.brecorder.com/2023/10/04/1-page/973404-news.html

Neutral for Technology


11. Pakistan expects $10bn refinery deal with S Arabia this year

https://www.thenews.com.pk/print/1115900-pakistan-expects-10bn-refinery-deal-with-s-arabia-this-year

Neutral for Refineries


12. Petroleum sales fall to 44-month low

https://tribune.com.pk/story/2439134/petroleum-sales-fall-to-44-month-low

Neutral for OMCs


13. Cement despatches fall 3.96pc in Sept, exports up 19.24pc

https://www.thenews.com.pk/print/1115723-cement-despatches-fall-3-96pc-in-sept-exports-up-19-24pc

Neutral for Cements


14. Special forensic audit of SSGCL, Pesco, Hesco ordered

https://epaper.brecorder.com/2023/10/04/18-page/973484-news.html

Neutral for SSGC and Power


15. Bank Alfalah to set up wholly-owned exchange firm

https://www.thenews.com.pk/print/1115727-bank-alfalah-to-set-up-wholly-owned-exchange-firm

Neutral for BAFL


16. Urea sales increased by 4% YoY in Pakistan

https://tradechronicle.com/urea-sales-increased-by-4-yoy-in-pakistan/

Neutral for Fertilizers


17. Rice exports likely to soar 40%

https://www.highcpmrevenuegate.com/gkkgd5fspa?key=fef47e4fddbf3959ff495fc505ca59cfhttps://tribune.com.pk/story/2439120/rice-exports-likely-to-soar-40

Neutral for MFL


Board Meetings

OBOY 10:30 AM

BFMOD 11:00 AM

JOPP 11:00 AM

GGGL 11:00 AM

REDCO 11:00 AM

SSOM 11:00 AM

MSCL 11:00 AM

ARPAK 11:00 AM

MSOT 11:00 AM

FLYNG 11:00 AM

RUBY 11:00 AM

SUTM 11:30 AM

DSL         11:30 AM

JUBS 12:00 PM

IDYM 12:00 PM

JUBS 12:00 PM

ESBL 1:00 PM

AIRLINK 1:30 PM

DSIL         2:00 PM

PASL 2:30 PM


Currency & Commodities

PKR/USD 285.72

Gold/USD 1,823.02/oz

Coal USD 125.40/ton

WTI USD 89.1/bbl

Cotton 17,700/maund

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