Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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What to watch this week

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By Muzzammil Aslam

1- It would be interesting to see how market will treat FATF news. FATF has given one more deadline to implement CFT (Counter Terrorism Financing). Simultaneously, appreciated government commitment to eliminate infrastructure of ML (Money Laundering). Importantly, FATF will decide to delist Pakistan from grey list, compared to its earlier stance of upgrading Pakistan name to Black list from Grey list. This is big success in such a short-time notice. Since the risk of getting into Black list is almost over, in my view, market in general and foreign participants in particular should work to increase their stakes in Equities

2- Rollover, week is over so locals should also price in FATF, improved CAD in January and forward earnings

3- We may start to hear more news flow from IMF side and fast convergence of agreed policy actions steps between Pakistan authorities and IMF

4- big break through  expected between China- US trade deal

5- Economic Reform Package is also likely to approve from Parliament in the upcoming week

6- Lastly, softness from across the border. Already Modi has changed his aggressive tone and offer to fight war against poverty to Pakistan Prime Minister.

 

Posted on: 2019-02-25T08:46:00+05:00

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