Political turmoil in Pakistan weighs on bond prices

MG News | March 15, 2023 at 03:17 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 15, 2023 (MLN): The decline in Pakistan's 2024 bonds has been observed on the sixth consecutive day, investors monitoring developing-nation peers through Bloomberg have noted.

This drop is believed to be due to ongoing clashes between supporters of former Prime Minister Imran Khan and the police. The debt due in 2024 was down 5 cents, indicating 46 cents on the dollar.

Other maturities, including those due in 2025, 2026, 2027, and 2029, were also showing signs of weakening.

Meanwhile, Imran Khan's supporters have been battling the police, who are attempting to arrest him.

The political turmoil in Pakistan has left investors wary, leading to a decrease in bond prices.

However, Prime Minister Shehbaz Sharif has announced that the national polls scheduled for September and October will not be delayed, despite the ongoing unrest.

The situation in Pakistan remains uncertain, with investors keeping a close eye on any further developments that may impact the country's financial stability.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,043.20 125.46M	0.61% 1021.40
ALLSHR	102,244.62 384.35M	0.68% 687.69
KSE30	50,297.78 69.63M	0.61% 306.30
KMI30	240,616.56 58.52M	0.70% 1662.76
KMIALLSHR	66,324.04 212.30M	0.75% 491.93
BKTi	46,865.56 26.40M	0.56% 262.97
OGTi	34,899.40 10.33M	1.73% 593.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,690.00	77,195.00 75,655.00	605.00 0.80%
BRENT CRUDE	104.25	106.02 101.53	-1.58 -1.49%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	4.75 3.79%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.55 -0.40%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	101.30	102.47 99.10	-1.13 -1.10%
SUGAR #11 WORLD	18.32	18.96 18.27	-0.57 -3.02%