🇵🇰#Pakistan's biggest shipment arrives in #Karachi as the Middle East crisis caused fuel price volatility boosts EV interest. It's in line of Pakistan's EV transition target and will accelerate the country's charging infrastructure building
@BYDCompany#HUBC#PSX#StockExchange
🇵🇰#Pakistan's biggest shipment arrives in #Karachi as the Middle East crisis caused fuel price volatility boosts EV interest. It's in line of Pakistan's EV transition target and will accelerate the country's charging infrastructure building
@BYDCompany#HUBC#PSX#StockExchange
Pakistan's monthly inflation (CPI) rate has come down from its recent peak of 38% in May 2023 to 23.1%. The first large spike came in June 2022 when it jumped from 13.8% to 21.3%, caused largely by food, utilities, & transport. It had ranged from 8-9% to 13% since July 2020.
Independent joining PTI - sahee kiya - apnay zameer ko follow kiya
Independent joins any party other than PTI - Zameer baich diya - horse trading - lota - jabri karaya gya hai ji
In a major development, all the hurdles between the government and local refineries regarding Implementation Agreements (IAs) for smooth upgrade of local refineries in 6 years were resolved with the decision to defer the finalization of IAs date till the next CCOE meeting.
#PRL
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جی ایس پی پلس گزشتہ 10 سال کے دوران معاشی لحاظ سے انتہائی مثبت اور مفید رہا ہے کیونکہ اس نے یورپی یونین کو پاکستان کی برآمدات میں 108 فیصد اضافہ کرنے میں مدد کی ہے جبکہ اس پروگرام کے آغاز سے یورپی یونین کی درآمدات میں بھی 40 فیصد اضافہ ہوا ہے۔
On the political front, the Care-taker Government, Judiciary and COAS all reiterated the plan of conducting General Elections on time i.e February 2024.
On the domestic front, SBP foreign exchange reserves fell below the US$7bn mark due to debt repayments. Oil imports and Textile exports reported 16%/6.5%YoY decline during 5MFY24.
With market undergoing corrective phase, investors largely ignored positive newsflow regarding ECC approval for disbursement of Rs262bn payables to IPPs, to contain energy sector circular debt levels.
On the international front, suspension of traffic by shippers post Red sea attacks and the subsequent shipment delays triggered a rise in freight costs which in turn caused Oil prices (WTI) to report 4% WoW increase to get to US$74.5/bbl.
Likewise, avg volumes registered a 27% WoW drop, standing at US$78mn at week's close. Margin financing trigger, profit taking by Foreigners and Local Institutions as the year-end approaches and rise in International Oil prices are key reasons behind the fall.