Investor confidence soars: Pakistan Euro bonds rally
MG News | July 07, 2023 at 05:33 PM GMT+05:00
July 07, 2023 (MLN): Pakistan Euro Bonds worth $1 billion, maturing in April 2024, have appreciated by 55% since June 23 to 79.06 cents amid investors’ confidence gearing up following the IMF agreement.
This appreciation is attributed to the long-standing Staff Level Agreement (SLA) worth $3 billion finally being signed on June 29 between the International Monetary Fund (IMF) and Pakistan.
The IMF financing arrangement allows Pakistan breathing room and lowered the risk of a payment halt.
As a result, investors' confidence in Pakistani Euro bonds was restored.
Eurobonds worth $500 million, maturing in September 2025, rose 55% since June 23 to 61.03 cents.
Moreover, Eurobonds maturing in April 2026 improved by 40% since June 23 to 53 cents.
Copyright Mettis Link News
Related News
_20260101112329999_0153db_20260209062258909_9180ec.webp?width=280&height=140&format=Webp)
_20260119131255471_202c2a_20260420115538501_33734a.webp?width=280&height=140&format=Webp)
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 161,805.02 195.97M | -2.29% -3791.05 |
| ALLSHR | 97,831.99 495.75M | -2.19% -2185.72 |
| KSE30 | 48,340.67 77.02M | -2.27% -1124.26 |
| KMI30 | 232,680.60 78.39M | -2.62% -6271.80 |
| KMIALLSHR | 63,675.05 227.49M | -2.51% -1639.11 |
| BKTi | 43,875.66 32.84M | -2.04% -913.32 |
| OGTi | 33,979.39 8.60M | -3.21% -1127.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 76,450.00 | 78,495.00 76,020.00 | -2760.00 -3.48% |
| BRENT CRUDE | 110.87 | 112.00 106.87 | 1.61 1.47% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -7.25 -6.18% |
| ROTTERDAM COAL MONTHLY | 110.50 | 110.65 110.10 | 1.30 1.19% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 102.78 | 104.37 98.60 | 1.76 1.74% |
| SUGAR #11 WORLD | 14.73 | 14.95 14.57 | -0.07 -0.47% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|