MAJOR NEWS TODAY: 23-5-2014

Sanie Khan

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MAJOR NEWS TODAY:

1. LSM growth down 2.68% in March 2014

2. Textile exports grow by 6.5%YoY in 10MFY14

3. Rs250bn allocation proposed for 19 projects under Pak-China corridor

4. Forex reserves at US$13.12bn vs US$12.88bn last week

5. NBP led consortium releases Rs27.5bn to PSO

6. KEL demands NEPRA to increase fuel adjustment charges

7. Banks disburse 76% of annual agri-credit target

8. Textile sector to get relief in federal budget: Minister

PREVIOUS DAY FOREIGN FLOWS

Gross Buy	USD4.8mn
Gross Sell	USD5.7mn
Gross Buy & Sell	USD10.5mn
Net Sell	USD1mn

MAJOR CORPORATE ANNOUNCEMENTS TODAY:

Stock

Period

Expectations

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

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