Stock Market Updates By Zeeshan Atta

31/10/2023

PSX applauds Systems Limited for their outstanding 9-month profit of Rs. 7.15 billion, showcasing their dedication to excellence and innovative strategies. Systems Limited has set a new standard for success.

Congratulations on this remarkable achievement!

18/10/2022

Darson Daily Technicals Outlook 18 Oct 2022

18/10/2022

NEWS UPDATE

Tuesday, October 18, 2022

Dar optimistic of Pakistan’s exit from FATF’s grey-list - Neutral
https://www.brecorder.com/news/40203538/dar-optimistic-of-pakistans-exit-from-fatfs-grey-list

Consumers to face gas load-shedding despite more RLNG cargoes - Negative
https://epaper.brecorder.com/2022/10/18/3-page/945251-news.html

Private investment in LNG sector; Govt introduces Ogra (amendment) bill - Neutral
https://epaper.brecorder.com/2022/10/18/12-page/945300-news.html

SUGS: Chinese firms to be invited to JVs - Neutral
https://epaper.brecorder.com/2022/10/18/12-page/945311-news.html

Gulpur hydropower project inaugurated - Positive
https://epaper.brecorder.com/2022/10/18/2-page/945250-news.html

Mohmand Dam project; Kuwaiti Fund mission arrives to seal loan deal - Positive
https://epaper.brecorder.com/2022/10/18/1-page/945232-news.html

Pakistan's power generation cost up nearly 46% YoY in Sep as production declines - Negative
https://www.brecorder.com/news/40203553/pakistans-power-generation-cost-up-nearly-46-yoy-in-sep-as-production-declines

LUCK announces buyback of another 35,000 shares - Neutral
https://mettisglobal.news/luck-announces-buyback-of-another-35000-shares/

Milk price increased by Rs20 per litre in Karachi - Negative
https://epaper.brecorder.com/2022/10/18/7-page/945294-news.html

ECC approves Rs17bn grant for SAP - Neutral
https://epaper.brecorder.com/2022/10/18/1-page/945239-news.html

Rejuvenated by win, IK gives govt ‘few more days’
https://epaper.brecorder.com/2022/10/18/1-page/945235-news.html

US 'confident' of Pakistan's ability to secure nukes after Biden uproar
https://tribune.com.pk/story/2382052/us-confident-of-pakistans-ability-to-secure-nukes-after-biden-uproar

‘Jihad and martyrdom’ if Saudi Arabia threatened
https://tribune.com.pk/story/2382068/jihad-and-martyrdom-if-saudi-arabia-threatened

Oil steady as recession woes counter positive Chinese signals
https://www.reuters.com/business/energy/oil-bounces-higher-us-dollars-strength-eases-2022-10-17/

Asian Stocks to Rise After UK Reversal, S&P Rally: Markets Wrap
https://www.bloomberg.com/news/articles/2022-10-17/asian-stocks-to-rise-after-uk-reversal-s-p-rally-markets-wrap?srnd=premium-asia

WTI (Nymex): 85.66 USD/bbl
BRENT (ICE): 91.84 USD/bbl
ARAB LIGHT: 94.48 USD/bbl
R BAY COAL: 241.75 USD/TON
USDPKR: 218.89

Stocks in Asia rebounded after the S&P 500 closed above a key technical level and the UK reversed more of its unfunded tax cuts, bolstering global market sentiment.

17/10/2022

Darson Daily Morning Outlook 17 Oct 2022.

17/10/2022

NEWS UPDATE

Monday, October 17, 2022

Finally, IMF MD feels some empathy - Positive
https://epaper.brecorder.com/2022/10/17/1-page/945120-news.html

Saudi Fund for Development team due today - Neutral
https://epaper.brecorder.com/2022/10/17/1-page/945112-news.html

Pakistan suffered climate-induced losses worth $29bn: World Bank - Negative
https://www.dawn.com/news/1715257/pakistan-suffered-climate-induced-losses-worth-29bn-world-bank

Floods spike Pakistan poverty rate: WB - Negative
https://www.dawn.com/news/1715252/floods-spike-pakistan-poverty-rate-wb

$730m loans face the axe - Negative
https://tribune.com.pk/story/2381830/730m-loans-face-the-axe

IMF censures ‘untargeted’ subsidy schemes - Negative
https://epaper.brecorder.com/2022/10/15/1-page/945010-news.html

World Bank urges focus on fiscal, energy reforms - Neutral
https://www.dawn.com/news/1715120/world-bank-urges-focus-on-fiscal-energy-reforms

Non-Paris Club; Pakistan seeks rescheduling of $27bn debt: Dar - Neutral
https://epaper.brecorder.com/2022/10/16/1-page/945051-news.html

MNA schemes to get record Rs87b - Neutral
https://tribune.com.pk/story/2381646/mna-schemes-to-get-record-rs87b

Govt keeps fuel prices unchanged for next 15 days - Neutral
https://tribune.com.pk/story/2381747/govt-keeps-fuel-prices-unchanged-for-next-15-days

Petroleum Levy on petrol raised, cut on diesel - Neutral
https://www.thenews.com.pk/print/1000730-petroleum-levy-on-petrol-raised-cut-on-diesel

LPG distribution deal inked - Neutral
https://tribune.com.pk/story/2381660/lpg-distribution-deal-inked

License to sell gas to private sector sought - Neutral
https://tribune.com.pk/story/2381837/licence-to-sell-gas-to-private-sector-sought

Gas sector circular debt bloats to Rs1.5 trillion - Negative
https://www.thenews.com.pk/print/1000328-gas-sector-circular-debt-bloats-to-rs1-5-trillion

Pakistan to tap Russia for fuel, energy imports in Jan 2023 - Neutral
https://www.thenews.com.pk/print/999986-pakistan-to-tap-russia-for-fuel-energy-imports-in-jan-2023

KEL AGM on 26th likely to discuss sale of KES stakes - Neutral
https://epaper.brecorder.com/2022/10/17/12-page/945208-news.html

K-Electric to refund over Rs4 per unit to consumers in Oct bills - Neutral
https://www.thenews.com.pk/print/1000079-k-electric-to-refund-over-rs4-per-unit-to-consumers-in-oct-bills

Govt decides not to increase power tariff: Secy Power Division - Neutral
https://epaper.brecorder.com/2022/10/16/1-page/945061-news.html

Discos’ tariffs increased - Neutral
https://epaper.brecorder.com/2022/10/15/8-page/945047-news.html

PPIB willing to revive 330MW SEL project - Neutral
https://epaper.brecorder.com/2022/10/16/1-page/945060-news.html

Private sector borrowings halve in 1QFY23 - Negative
https://www.dawn.com/news/1715253/private-sector-borrowings-halve-in-1qfy23

Bank deposits rise after govt crackdown - Neutral
https://tribune.com.pk/story/2381654/bank-deposits-rise-after-govt-crackdown

Fines will recoup banks’ profits from dollar speculation: Miftah - Neutral
https://www.dawn.com/news/1715263/fines-will-recoup-banks-profits-from-dollar-speculation-miftah

Tariff for zero-rated sectors; Subsidy issue may affect IMF’s ninth review - Negative
https://epaper.brecorder.com/2022/10/15/1-page/945012-news.html

Delay in refunds to make matters worse for industry - Neutral
https://tribune.com.pk/story/2381831/delay-in-refunds-to-make-matters-worse-for-industry

Historic decline in cotton output feared - Negative
https://tribune.com.pk/story/2381470/historic-decline-in-cotton-output-feared

Court Approved Merger of Ghani Chemical into GTECH with Ghani Chemical as a Surviving Entity - Positive
https://augaf.com/court-approved-merger-of-ghani-chemical-into-gtech-with-ghani-chemical-as-a-surviving-entity/

5G launch; 8 to 10 months would be required after govt policy directive - Neutral
https://epaper.brecorder.com/2022/10/16/8-page/945109-news.html

Trade Act 2022 welcomed - Neutral
https://tribune.com.pk/story/2381630/trade-act-2022-welcomed

President signs ‘Export-Import Bank Bill, 2022’ into law - Positive
https://www.brecorder.com/news/40203247/president-signs-export-import-bank-bill-2022-into-law

PTI sweeps by-elections
https://epaper.brecorder.com/2022/10/17/1-page/945114-news.html

US ambassador summoned over Biden N-remark
https://epaper.brecorder.com/2022/10/16/1-page/945055-news.html

Biden’s quip ‘won’t help US cause’
https://www.dawn.com/news/1715281/bidens-quip-wont-help-us-cause

Global leaders call China barrier to faster debt relief
https://tribune.com.pk/story/2381819/global-leaders-call-china-barrier-to-faster-debt-relief

Asian Stocks Drop, Dollar Slips Amid Wary Trading: Markets Wrap
https://www.bloomberg.com/news/articles/2022-10-16/stocks-set-to-extend-declines-currencies-on-edge-markets-wrap?srnd=premium-asia

Oil bounces higher as U.S. dollar's strength eases
https://www.reuters.com/business/energy/oil-bounces-higher-us-dollars-strength-eases-2022-10-17/

WTI (Nymex): 86.34 USD/bbl
BRENT (ICE): 92.43 USD/bbl
ARAB LIGHT: 96.87 USD/bbl
R BAY COAL: 246.00 USD/TON
USDPKR: 218.43

Oil prices rose in thin trade in early Asian hours on Monday as the U.S. dollar's strength eased while investors awaited data from China to gauge demand at the world's top crude oil importer.

11/10/2022

Darson Daily Technicals Outlook 11 Oct 2022.

11/10/2022

Darson Morning Update - 11Oct22

10/10/2022