TSL Announcements

MARKET ROUNDUP

KSE-100 lost 48 points yesterday, to close at 79,944 with 431Mn shares being traded. Top performance as per price change was witnessed in FFBL, HBL & MUREB. Top decliners PGLC, TRG & BNWM. Activity was mainly concentrated In Technology, Fertilizer & Power.

NEWS SNAPSHOT

• • • • • • Pakistan secures $7 billion EFF deal
          • New IMF deal to help Pakistan attain macroeconomic stability, says FM Aurangzeb
          • Petrol, diesel prices set to surge again in coming review
          • Sharp rupee depreciation feared after new IMF deal
          • FD unveils strategy for release of funds
          • FBR fails to achieve Rs9.4trn collection target
          • New revenue measures won’t be withdrawn
          • High food prices fuel short-term inflation
          • Pakistan could rake in Rs1.5tr as farm income tax
          • FBR to enforce retailers tax scheme in 42 cities
          • Residential electricity rates hiked by up to 51%
          • Nepra approves 11% hike in electricity tariff
          • Govt orders ‘audit’ of agreements with IPPs
          • Flour millers call off strike for 10 days
          • ‘Rising taxes, costly utilities are threatening survival of SMEs’
          • Cotton prices stay low amid grim outlook
          • Refineries to hold back $5bn investments over tax exemption dispute
          • Cement dealers announce strike to protest high taxes
          • PSO board approves up to $3m for market study
          • Govt shuns legal route for PTCL dues
          • 3rd production halt by Indus Motor this year
          • Meezan Bank becomes first market maker for GoP Ijarah Sukuk on PSX