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Auction Result: SBP Sells T-Bills worth Rs.497.62 Billion

January 27, 2021 (MLN): The State Bank fo Pakistan(SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs.497.62 billion for 3, 6 and 12 months.

Auction target was Rs.400.00 billion against a maturing amount of Rs.471.00 billion.

Cut off yield for 3, 6 and 12 months were 7.1597, 7.49 and 7.7989 percent.

Total amount offered was Rs.789.35 billion out of which the SBP accepted Rs.415.88 billion. The SBP received bids worth Rs.656.85 billion for 3 months, Rs.110.00 billion for 6 months and Rs.22.50 billion for 12 months out of which it accepted Rs.308.88 billion, Rs.101.00 billion and Rs.6.00 billion respectively.

In addition the SBP picked up Rs.81.73 billion from the non-competitive auction, making the total amount accepted Rs.497.62 billion.

 

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Enforcement Action: SBP imposes Rs 59.5 million penalty on...

January 27, 2021 (MLN): The State Bank of Pakistan (SBP) imposed a monetary penalty of Rs.59.516 Million on Habib Metropolitan Bank (HMB) on account of violation of its guidelines pertaining to AML/CFT.

In addition to penal action, the bank has been advised to conduct an internal inquiry on breaches of regulatory instructions and take disciplinary action against the delinquent officials.

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Gold remained under pressure amid weak global rates

January 27, 2021 (MLN): Gold prices remained under pressure in the domestic bullion market on Wednesday amid weak global rates, as the price of 24 karat gold declined by Rs 200 to Rs.113,000 per tola against the price of Rs 113,200 per tola reported in the previous session.

According to the data provided by the All Sindh Saraf Jewellers Association, the price of 10-gram of 24k gold also dipped by Rs 170 and was sold for Rs 96,880 at the closing of trade as opposed to Rs 97,050 reported yesterday.

However, silver rates remained unchanged at Rs1,300 per tola. The price of 10 grams of silver also stood the same at Rs1,114.54.

In the international markets, the gold prices also suffered a fall on concerns that the US stimulus package may get delayed, as it went down by USD 8 and traded at USD 1,846 per ounce against USD 1,854 per ounce recorded yesterday, while silver was valued at USD 25.35 an ounce.

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SBP to amend some AML, CFT and CPF laws...

January 27, 2021 (MLN): With a view to further align Anti-Money Laundering, Combating the Financing of Terrorism & Countering Proliferation Financing (AML/CFT/CPF) Regulations with the Financial Action Task Force (FATF) Recommendations, SBP has decided to amend some provisions of the Regulations.

These amendments will provide further clarity on the implementation of AML/CFT/CPF requirements by SBP REs, the notice said.

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PSX Closing Bell: The Green Mile

January 27, 2021 (MLN): Bulls continue two-day winning streak in today’s session, uplifts the benchmark to settle at 46,458 level with a gain of 170 points.

According to the closing note by Aba Ali Habib Securities, the bourse maintained low-key volatility during the session as investors remained focused on key sectors such as Technology, Refinery, Cement, and Commercial bank.

Encouraging earnings from BAHL, ACPL, ATRL, APL, and POL announced today also raised market momentum.

Furthermore, the ECC meeting today, which carried seven agenda items of Textile policy 2020-25 and review of OMCs and dealers margins on petroleum, further added to investors’ positive sentiments, the report added.

The Index remained positive throughout the session touching an intraday high of 46,698.53

Of the 99 traded companies in the KSE100 Index 57 closed up 41 closed down, while 1 remained unchanged. Total volume traded for the index was 373.95 million shares.

Sectors propping up the index were Technology & Communication with 84 points, Cement with 76 points, Pharmaceuticals with 23 points, Fertilizer with 22 points and Oil & Gas Exploration Companies with 17 points.

The most points added to the index was by TRG which contributed 80 points followed by MARI with 25 points, FFC with 23 points, LUCK with 22 points, and FCCL with 20 points.

Sector-wise, the index was let down by Commercial Banks with 43 points, Chemical with 27 points, Food & Personal Care Products with 13 points, Textile Composite with 9 points, and Tobacco with 5 points.

The most points taken off the index was by BAHL which stripped the index of 34 points followed by COLG with 17 points, UBL with 13 points, PPL with 11 points and PAKT with 10 points.

All Share Volume increased by 7.70 Million to 610.94 Million Shares. Market Cap increased by Rs.20.70 Billion.

Total companies traded were 421 compared to 413 from the previous session. Of the scrips traded 224 closed up, 187 closed down while 10 remained unchanged.

Total trades increased by 10,498 to 195,729.

Value Traded increased by 2.20 Billion to Rs.29.00 Billion

CompanyVolume

Top Ten by Volume

Azgard Nine40,212,000
Pakistan International Bulk Terminal39,649,000
TRG Pakistan37,006,500
Hascol Petroleum34,037,811
Fauji Cement Company31,578,500
Byco Petroleum Pakistan29,576,500
Pakistan Refinery26,278,000
Silkbank23,162,000
Unity Foods20,745,538
Avanceon15,150,500

 

SectorVolume

Top Sector by Volume

Technology & Communication83,726,000
Cement70,792,481
Refinery65,441,700
Commercial Banks60,317,160
Textile Composite49,804,540
Oil & Gas Marketing Companies45,356,403
Transport40,927,400
Chemical27,937,530
Power Generation & Distribution21,797,964
Vanaspati & Allied Industries20,763,938

 

 

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