Inside Financial Markets

MAJOR NEWS TODAY: 13-8-2014

MAJOR NEWS TODAY: 13-8-2014

1. Government decides to form Supreme Court commission to investigate vote rigging allegations

2. Imran spurns NS gesture, asks PM to step down for fair probe

3. US Ambassador says CSF payments to be made as per schedule

4. Remittances rise by 17.45%YoY to US$1.65bn in July 2014

5. Government mops up Rs83.68bn in PIBs auction; cut off yields rise by an average 15bp

6. Government decides to cut subsidy on domestic consumers, impose an equalization surcharge on commercial and industrial users

7. 3-day ABAD Expo likely to initiate new construction projects in the housing sector worth Rs500bn

8. Auto sales down 34%YoY and 42%MoM

9. K-Electric allowed (KEL) to raise tariff by a cumulative Rs2.26/unit on account of fuel adjustment

10. Ministry of Finance suggests any revision in gas pricing formula for Mari Gas should be linked with distribution of the company’s profits among shareholders

PREVIOUS DAY FOREIGN FLOWS

Gross Buy USD6.4mn
Gross Sell USD12.5mn
Gross Buy & Sell USD18.9mn
Net Sell USD6.1mn

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Canadian Securities Institute

CANADIAN SECURITIES COURSE - Inside Financial Markets

CSI is part of Moody's Analytics Learning Solutions, which offers educational programs and credentials throughout the world.

Email Newsletter

Subscribe to receive inspiration, news, and ideas in your inbox.

Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)