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 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

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