Thursday, 4 August 2022

 

  • WTI trading at $88.5 Brent 93.9 (8:25pm) Gold $1787
  • KSE100 Index rose 357 points to close at 41,425. Trading Value Rs 7.9 bn.
  • Rupee gaining strength against the USD after historic recovery yesterday. Gained Rs. 2.65 today. Pak Rupee was less than 210 to a USD in second week of July before the upset in Punjab provincial elections.
  • PSX opens positive. KSE100 Index +225. (9:45am)
  • Pakistan raises Rs298 bn in PIB Auction. Higher than the target  of Rs175 billion. The cut off yield on the three-year remained stable at  13.95%. 
  • Gold rose again to $1770+ level on weak DXY.
  • Oil remains weak. WTI $91.2 Brent $96.8 (9:20am). Yesterday, OPEC+ announced a lower level of production increase for Sept. Inventory data yesterday, however, was bearish.
          GeoPoliticking
Shippers are rerouting vessels as China begins largest-ever military exercise around Taiwan. The US gave China good reason to show its muscles.
Tokyo says five missiles fired by China's military landed in Japan's exclusive economic zone. (8.25pm)