•  Oil down 2%; WTI $92 Brent 98. Though physical market expected to be tight on lower increase by OPEC.
• OPEC+ agrees to increase oil output by 100,000 barrels a day for September. This is a lower increase than in recent months. Read. 
• KSE100 Index rises by 877 pts (2.2%)  to 41,069. Trading Value Rs 10bn.
• USD/PKR at 228, rising about  Rs 10 (4.2%).SBP 
• UBL announced Rs 4/- cash dividend for the quarter ending 30 Jun22. Read Ann. Closed at Rs 113.75, up 5.3%.
• A strong start by PSX. KSE100 Index up 400 pts.
• Upcoming OPEC meeting.
• KIBOR remains elevated at 15.88%
• Pakistan trade deficit for the month of July 2022 came down to $2.64 bn compared to $4.96bn in the May.
• July cement dispatches declined by 48% at 2mill tons against almost 4mill tons last year.
• Oil rose slightly overnight; WTI $96 Brent, $102+. Gold at $1764, had risen above 1781 on Taiwan tensions and the US Dollar coming off from its highs.
• US job openings fell to 10.7 million in June of 2022. This is the third consecutive drop, the lowest in nine months, and below market expectations of 11 million.