PM says 70% Sukuk over-subscription shows strong market confidence

MG News | May 20, 2020 at 04:45 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 20, 2020: Prime Minister Imran Khan on Wednesday said over-subscription of Sukuk by 70% was reflective of a "strong market confidence in the government's policies".

"Landmark financial innovation with Rs 200 bln Sukuk issued through competitive book building at PSX," the prime minster tweeted as the government for the first time borrowed long term at less than the Kibor, saving Rs 18 billion over 10 years on debt servicing.

Imran Khan said the Rs18 billion savings could now be used for welfare of the people.

APP

Related News

SECP introduces global finance talk series

Key Pakistan Market Stats and Economic Indicators

Pakistan, Bangladesh boost civil service cooperation

Name	Price/Vol	%Chg/NChg
KSE100	167,844.25 170.38M	-0.40% -670.20
ALLSHR	101,190.46 479.24M	-0.24% -244.65
KSE30	50,308.01 73.54M	-0.54% -271.17
KMI30	241,041.17 72.56M	-0.54% -1308.61
KMIALLSHR	65,768.91 266.90M	-0.34% -227.18
BKTi	45,905.17 27.93M	-0.59% -271.56
OGTi	35,557.92 7.24M	-0.32% -112.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,915.00	77,940.00 75,590.00	-1780.00 -2.29%
BRENT CRUDE	104.25	106.36 101.34	1.67 1.63%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-9.00 -7.56%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.45 0.40%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	97.00	99.43 94.73	0.65 0.67%
SUGAR #11 WORLD	14.68	14.91 14.59	-0.22 -1.48%