Inside Financial Markets

First cements now OMC’s for Cartelization???

petrolFirst cements now OMC’s for cartelization???

In Pakistan trend of cartelization has been on a rise recently where we cartels being formed in industries like cement and telecom. Another industry is all set to lay down its foot and form a cartel after the GoP suggested to deregulate Oil Marketing Company margins which will shoot their profits through the roof. Cartel in the industry can be formed on two levels, one directly by OMC’s and second by the dealers. Talks are underway between OMC’s and GoP, where sources quote of these talks being materialized in coming days. Major beneficiaries of these would be companies listen on the bourse like Pakistan State Oil, Shell and Attock Petroleum.

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