Good Evening from Mettis Global News!
- KSE – 100 had its ups and down throughout the week as investors weighed in on the ongoing political situation and macro imbalances
- Election was announced by the Election Commission of Pakistan (ECP) to be held during July 25 to July 27th of Pakistan as Mr. Nasir-ul-Mulk was sworn in as care-taker Prime Minister of Pakistan. Read more on how KSE – 100 Index performed during the last four caretaker governments.
- However, the turbulence ensued as Balochistan moved the case for delaying elections, PTI rejected care-taker agreed upon for Punjab and KPK. Meanwhile, Sindh’ PPP and MQM both agreed upon former Chief Secretary (2007 – 10) Mr. Fazlur Rehman as the caretaker Chief Minister for Sindh
KSE – 100 Index Performance
- Pakistan’s equity market during the outgoing week returned 2 percent to investors, where four out of five sessions closed positive.
- Investor sentiment was uplifted in the market after the finalization of care-taker Prime Minister. Furthermore, the recovery in global markets (especially Italy crisis) helped the market strengthen investor sentiment closing the market at 42,913 index level, gaining 839 points.
- Attock Refinery (ATRL) and National Refinery (NRL) remained among top performers during the week, where both gained around 24% and 17% respectively in their value.
Investors will keep their eyes on State Bank of Pakistan’s release on Forex Reserves, Trade Data, and weekly Sensitivity Price Index. Amongst other equity news, Murree Brewery is expected to approve and consider their annual budget.
What is happening in the world
Time |
Country |
Event |
Previous |
---|---|---|---|
Tuesday 05 June 2018 |
|||
9:30AM |
Australia |
RBA Interest Rate Decision |
1.5% |
7:00PM |
US |
ISM Non-Manufacturing PMI (MAY) |
56.8 |
Wednesday 06 June 2018 |
|||
6:30AM |
Australia |
GDP Growth Rate QoQ Q1 |
0.4% |
6:30AM |
Australia |
GDP Growth Rate Y0Y Q1 |
2.4% |
2:00PM |
India |
RBI Interest Rate Decision |
6% |
5:30PM |
Canada |
Balance of Trade APR |
C$ -4.14B |
5:30PM |
US |
Balance of Trade APR |
$ -49B |
7:00PM |
Canada |
IVEY PMI s.a MAY |
71.5 |
Thursday 07 June 2018 |
|||
6:30AM |
Australia |
Balance of Trade APR |
A$ 1.53B |
2:00PM |
Euro Area |
GDP Growth Rate QoQ 3rd Est Q1 |
0.7% |
2:00PM |
Euro Area |
GDP Growth Rate YoY 3rd Est Q1 |
2.8% |
Friday 08 June 2018 |
|||
8:00AM |
China |
Balance of Trade MAY |
$28.78B |
8:00AM |
China |
Exports YoY MAY |
12.9% |
8:00AM |
China |
Imports YoY MAY |
21.5% |
11:00AM |
Germany |
Balance of Trade APR |
€25.2B |
5:30PM |
Canada |
Employment Change MAY |
-1.1K |
5:30PM |
Canada |
Unemployment Rate MAY |
5.8% |
Saturday 09 June 2018 |
|||
6:30AM |
China |
Inflation Rate YoY MAY |
1.8% |