Billion-Dollar Club Expands
โข The PSX continues to see a strong surge, with 11 stocks now sporting market caps above USD 1bn, up from just 6 in Decโ23, a clear sign of investor optimism.
โข Topping the chart, OGDC now commands a market cap of USD 3.35bn, nearly doubling in value since Decโ23.
โข Four stocks have crossed the USD 2bn mark, including OGDC, MARI, UBL, and MEBL, with two major banks (UBL and MEBL) making the cut, reflecting growing confidence in the financial sector.
#KSE100 #PSX #Equities #Pakistan
๐ #PAKISTAN SEES BIGGEST DROP ๐ปIN DEFAULT RISK๐ต๐ฐ
According to Bloomberg, Pakistanโs CDS-implied probability of default dropped by over 12% in the past 12 months โ the biggest improvement globally ๐
โ Ahead of #Argentina, #Tunisia, #Nigeria & South #Africa
โ Global confidence is #rising
โ Markets are reacting #positively
โ Stabilization post-IMF deal + economic reforms playing a role
๐ Risk sentiment is changing. Are your investments aligned with the recovery trend?
๐ฌ Comment โPAKISTAN RISINGโ if you believe the best is yet to come
๐ Share to spread some positive news for Pakistan ๐ต๐ฐ
#PakistanEconomy #InvestmentOpportunity #CDS #DefaultRisk #Bloomberg #TradeFlow #PSX #PakistanFinance #EmergingMarkets #BullishPakistan
There are speculations that the upcoming #Budget may not haunt the salaried class like it always did, in fact #Islamabad may reduce the tax by 2.5% for all the slabs in #June, providing some relief.
#Pakistan#Karachi
According to the proposed rationalisation plan, tariff for the industry will be slashed between Cents 8.5-11.75/kWh from cents 14 per unit through subsidy neutral proposal. However, protected categories of consumers will be...
https://t.co/p4YXpDAXyV
Elections in Pakistan:โ Pakistani govt has banned official website of former PM Imran Khan's PTI party.
โ Website, insaf(.)pk, was banned after party uploaded the evidences of elections being rigged against it .
๐ต๐ฐ Pakistan top 5 risks in 2024:
1. Economic downturn
2. Energy supply shortage
3. Extreme weather events
4. Inflation
5. Misinformation and disinformation
Note: top five risks identified by the Executive Opinion Survey, World Economic Forum 2024
๐ต๐ฐ Pakistan rupees per US Dollar
1st of January, 2018: 111
1st of January, 2019: 139
1st of January, 2020: 155
1st of January, 2021: 158
1st of January, 2022: 177
1st of January, 2023: 227
Now: 279