Daily Market News 26 October 2023
Foreign investors 01 Repatriation of profit and dividends by foreign investors posted a healthy growth of 267 percent during the first quarter of this fiscal year (FY24) as restrictions on the outflow of foreign exchange eased.
02 First quarter of FY24: Aligned with IMF target, the fiscal deficit stands at Rs963bn. Ahead of the upcoming scheduled review talks with the IMF from November 2, Pakistan has shown a fiscal deficit of Rs963 billion, equivalent to 0.9 percent of GDP, for the first quarter (July-September) period of the current fiscal year.
03 Pakistan poised to secure $710m from IMF after meeting key economic targets Pakistan is likely to secure $710 million from the International Monetary Fund (IMF) since it has met almost all the fiscal and monetary targets agreed with the global lender that is scheduled to review its financial performance early next month, Arab News reported on Wednesday, quoting economic experts. Europe Stock Futures Slide, Dollar Edges Higher: Markets Wrap
04 European stock futures followed US peers lower as equities slumped in Asia following a batch of poor corporate earnings which soured sentiment. Oil falls after U.S. stockpiles climb, Middle East tensions in focus
05 SINGAPORE, Oct 26 (Reuters) – Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on Middle East tensions. DISCLAIMER: This information has been prepared solely for informational purposes and does not in any way create any binding obligation on any party and does not offer any advice for investment. No warranties or conditions of any kind, express or implied, are made in this report. Link International Exchange company is not liable for any damages.
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