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Weekly SPI Increases by 0.76 Percent

Sep 16, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.76% during the week ended Sep 12, 2019 while the SPI increased by 17.26% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 125.25 compared to 124.3 on Sep 05, 2019 while the index was recorded at 106.81 a year ago, on Sep 13, 2018

Out of the 51 monitored items, the average price of 25 items increased, 5 items decreased whereas 21 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.69% and 0.89%.

The Lowest Income Group witnessed a weekly increase of 0.87% while the highest income group recorded an increase of 0.69%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 14.53% and 19.13%.

Yearly SPI for the Lowest Income Group increased by 14.53% while the highest income group recorded an increase of 17.96%.

The average price of Sona urea stood at Rs.1,962 per 50 kg bag which is 4.98% higher than last week’s price and 19.34% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.558 per 50 kg bag, which is 1.24% lower than the previous week and 1.93% lower than prices last year.


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SCRA observes net purchase for the eleventh consecutive week

September 16, 2019 (MLN): The overseas investors continued to display preference towards local equity markets for the week ended September 6, 2019, which is also entirely in line with the behavior being exhibited by local investors.

According to a weekly report on SCRA released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs.7.2 billion, which is around 40.1 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.7.3 billion, which is 59.8 percent lower than the prior week.

Consequently, the net purchase of securities for the week ended September 06, 2019 clocked in at Rs.45.95 million, i.e. around Rs.5.98 billion lower than last week's numbers.

Over the week, the overall purchase of securities declined by Rs.10.82 billion while the net sale of securities tumbled by Rs.4.84 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.2.75 billion, while its outflow has been reported at Rs.1.96 billion.

The closing balance of SCRA was recorded at Rs.28.4 billion, which marks a rise of Rs.840.3 million over the week.

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Private sector retires Rs 6.9 billion in a week

September 16, 2019 (MLN): The non-government sector has retired another net sum of Rs.6.9 billion during the week ended September 06, 2019, which brings the cumulative net retirment for ongoing fiscal year FY2020 to Rs.105.72 billion. The net retirement as of prior week was recorded at Rs.98.82 billion.

According to weekly data released by the State Bank of Pakistan, the sector has retired Rs.160.03 billion over the year since the borrowing as of corresponding period of last year was recorded at Rs.54.31 billion.

The non government sector is divided into three broad categories namely, the Private Sector, the Public Sector Enterprises and NBFI. Commercial banks are the main source of financing for the private sector, incuding conventional banks, islamic banks and islamic branches of conventional banks.

This fiscal year, the private sector retired a net sum of Rs.86.62 billion, whereas the PSE's have retired Rs.19.36 billion and NBFI has borrowed Rs.257.72 million.

As we disintegrate the inflows and outflows within the private sector, we see that Conventional Banks were retired a cumulative sum of Rs.83.95 billion, Islamic Banks were retired a net of Rs.17.52 billion and lastly the Islamic branches of Conventional Banks lent Rs.14.86 billion.


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Govt. accumulates another Rs.72 billion loan in a week

September 16, 2019 (MLN): The government of Pakistan has acquired an additional debt of Rs.72.41 billion during the week ended September 06, 2019, which brings its total net borrowing for ongoing fiscal year 2020 to Rs.84.83 billion. As of prior week, the government had borrowed a net sum of Rs.12.42 billion.

According to the State Bank of Pakistan's weekly estimates in this regard, the government had retired Rs.95.55 billion net, around the same time last year.

The government sector borrowings are divided into three broad categories based on the purpose of loan which are budgetary support, commodity operations and others.

Split three ways between these broad categories, the cumulative net borrowing for budgetary support was Rs.98.9 billion,whereas Rs.13.28 billion were retired off commodity operation and Rs.786.24 million were retired off other miscellaneous operations.

The two biggest source of financing for budgetary support are the State Bank of Pakistan and the Scheduled Banks. This fiscal year, the central bank has been retired a net sum of Rs.354.84 billion by the government, out of which the Federal Government retired Rs.203.53 billion, the Provincial Government retired Rs.139.23 billion, AJK Government retired Rs.9.36 billion, and the GB Government retired Rs.2.72 billion.

On the other hand, the Scheduled Banks have lent out a net total of Rs.453.73 billion out of which the Federal Government borrowed Rs.455.89 billion while the Provincial Government retired Rs.2.15 billion.

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Closing Bell :Oils well that ends well

Sep 16, 2019 (MNL): The domestic equity market closed on a positive note after gaining 447 points and closing at 31,928 points level, all thanks to jump in the international oil prices.

The Index traded in a range of 469.64 points or 1.49 percent of previous close, showing an intraday high of 31,950.57 and a low of 31,480.93.

Of the 92 traded companies in the KSE100 Index 57 closed up 30 closed down, while 5 remained unchanged. Total volume traded for the index was 81.68 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 225 points, Commercial Banks with 159 points, Oil & Gas Marketing Companies with 37 points, Fertilizer with 28 points and Pharmaceuticals with 16 points.

The most points added to the index was by OGDC which contributed 83 points followed by PPL with 75 points, UBL with 55 points, POL with 50 points and HBL with 43 points.

Sector wise, the index was let down by Cement with 23 points, Insurance with 10 points, Power Generation & Distribution with 6 points, Engineering with 5 points and Technology & Communication with 1 points.

The most points taken off the index was by HUBC which stripped the index of 25 points followed by LUCK with 23 points, MUREB with 8 points, AICL with 5 points and EFUG with 5 points.

All Share Volume increased by 1.51 Million to 104.61 Million Shares. Market Cap increased by Rs.74.38 Billion.

Total companies traded were 345 compared to 340 from the previous session. Of the scrips traded 184 closed up, 144 closed down while 17 remained unchanged.

Total trades increased by 1 to 47,651.

Value Traded increased by 0.31 Billion to Rs.4.98 Billion


Top Ten by Volume

D.G. Khan Cement Company6,719,000
Oil & Gas Development Company6,712,100
Hascol Petroleum5,695,500
Unity Foods5,693,500
Pak Elektron4,270,500
Maple Leaf Cement Factory3,799,500
Worldcall Telecom3,728,000
Lotte Chemical Pakistan3,683,000
Amreli Steels3,133,500



Top Sector by Volume

Oil & Gas Exploration Companies10,695,220
Oil & Gas Marketing Companies10,550,900
Power Generation & Distribution8,533,000
Commercial Banks8,424,900
Technology & Communication6,480,000
Vanaspati & Allied Industries5,693,500
Cable & Electrical Goods4,403,700



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