5 Aug 2022

• KSE100 Index closes at  42,096 up 1.62% adding 671 points. KSE100 Index gained 4.85% this week.
• KSE100 Trading up 450 pts. close to 42k level. (3pm)
• Saudi Aramco raises the official selling price (OSP) for its flagship Arab Light to a record of +$9.8 a barrel above the Asian benchmark. link
• Pakistan's total liquid foreign exchange reserves declined by $ 206 million during last week due to external debt servicing.
• KIBOR remains elevated 15.9%.
• The Bank of England raised its main rate by 50bps to 1.75% in its August 2022 meeting. It is the biggest rate increase since 1995.
• Gold moved higher to $1788. USD Index DXY declines to 105.86.
• Oil remained at a low level as of last night. WTI $88.8 Brent 94.4
• GeoPoliticking
• China taking step to reduce US interactions on various forum over Taiwan issue.
• China- Taiwan tensions continue, sparked by Pelosi's visit. read