Pakistan#Stock#Exchange

 Morning News (9th Oct'23)


Politics & Economy

1. IMF, World Bank meetings: Shamshad-led team leaves for Morocco

https://www.brecorder.com/news/40267124/imf-world-bank-meetings-shamshad-led-team-leaves-for-morocco

Neutral


2. SIFC seeks information from govts

https://epaper.brecorder.com/2023/10/07/1-page/973686-news.html

Neutral


3. Package for industry on the cards

https://epaper.brecorder.com/2023/10/09/1-page/973835-news.html

Neutral


4. SME Bank may stay as SIFC seeks a reactivation plan

https://epaper.brecorder.com/2023/10/09/1-page/973828-news.html

Neutral


5. SECP issues warning against illegal investment scheme

https://www.dawn.com/news/1779950/secp-issues-warning-against-illegal-investment-scheme

Neutral


6. Surge in Afghan transit cargo raises smuggling concerns

https://www.dawn.com/news/1779952/surge-in-afghan-transit-cargo-raises-smuggling-concerns

Neutral


7. Actions to continue with full force: COAS

https://epaper.brecorder.com/2023/10/07/1-page/973684-news.html

Neutral


8. Govt committed to fast-tracking CPEC projects

https://epaper.brecorder.com/2023/10/07/1-page/973685-news.html

Neutral


9. SC reserves judgement in levy of electricity duty case

https://epaper.brecorder.com/2023/10/07/1-page/973683-news.html

Neutral


10. Hydel power projects in KP

https://epaper.brecorder.com/2023/10/07/12-page/973746-news.html

Neutral


11. Negotiations with AIIB next week likely

https://epaper.brecorder.com/2023/10/08/1-page/973758-news.html

Neutral


12. WB rates $200m KP project progress unsatisfactory

https://epaper.brecorder.com/2023/10/08/1-page/973769-news.html

Neutral


https://www.highcpmrevenuegate.com/gkkgd5fspa?key=fef47e4fddbf3959ff495fc505ca59cf13. Imports from China, South Korea

https://epaper.brecorder.com/2023/10/08/1-page/973770-news.html

Neutral


14. Pakistan weighs early closure of some gas, diesel power plants under ADB scheme

https://www.thenews.com.pk/print/1117120-pakistan-weighs-early-closure-of-some-gas-diesel-power-plants-under-adb-scheme

Neutral


15. Cotton farmers claim govt rigs crop size to benefit millers

https://www.thenews.com.pk/print/1117123-cotton-farmers-claim-govt-rigs-crop-size-to-benefit-millers

Neutral


16. FBR tightens conditions for Afghan transit trade

https://e.thenews.com.pk/detail?id=244406

Neutral


17. Pakistan to discuss long-term deal for discounted crude oil import from Russia next week

https://e.thenews.com.pk/detail?id=244014

Neutral


18. Customs urged to scrap upfront payment for imports

https://e.thenews.com.pk/detail?id=244015

Neutral


19. Pakistan likely to get $3.4bn out of $10.9bn pledged in Geneva

https://e.thenews.com.pk/detail?id=244202

Neutral


20. Oil prices jump 4% in wake of Hamas attack on Israel

https://www.cnbc.com/2023/10/09/brent-wti-prices-jump-after-hamas-attack-on-israel.html

Neutral


Sector & Company Related

21. Power tariff for Karachi up by Rs4.45/unit

https://e.thenews.com.pk/detail?id=244192

Neutral for KEL


22. First petrochemical policy getting final touches

https://epaper.brecorder.com/2023/10/08/1-page/973768-news.html

Neutral for Chemicals


23. Import of used cars

https://epaper.brecorder.com/2023/10/07/12-page/973741-news.html

Neutral for Automobile Assemblers


24. PTCL ‘SHOQ’ to stream WC ‘23

https://e.thenews.com.pk/detail?id=244019

Neutral for PTC


25. Govt expects bumper cotton harvest of 12m bales

https://www.thenews.com.pk/print/1117122-govt-expects-bumper-cotton-harvest-of-12m-bales

Positive for Textiles


26. Minister vows to increase country’s IT exports

https://www.brecorder.com/news/40267066/minister-vows-to-increase-countrys-it-exports

Neutral for Technology


27. ‘Organic Meat’: First Pakistani firm to export meat to China

https://www.brecorder.com/news/40267094/organic-meat-first-pakistani-firm-to-export-meat-to-china

Positive for TOMCL


Board Meetings

SPL  11:00  AM

NRL  2:00   PM

APL  3:00    PM

ATRL 4:00   PM

POL  5:00   PM

ACPL 6:00  PM


Currency & Commodities

PKR/USD 282.69

Gold/USD 1,833.01/oz

Coal USD 126.40/ton

WTI USD 86.4/bbl

Cotton 16,800/maund

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