KSB Pumps | Corporate Briefing Session Year 2024

• Promising Business Outlook for 2024/25.

• Government sector public spending is on the rise, especially considering the focus on infrastructure projects in Water and Waste Water for Punjab and Sindh.

• The decrease in interest rates has added stimulus for the industrial/manufacturing sectors, and growth is expected in the sugar and automobile sectors, which have some very good prospects in these market areas.

• The export business is growing exponentially, with special projects in Saudi Arabia, Chile, Germany, and the Americas.

• Expansion in KSB Pakistan's market share with sustainable growth in the future will remain the key focal point while relying on effective corporate communication for the key growth initiatives.

https://dps.psx.com.pk/download/document/247155.pdf

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.

A Snapshot of Exchange Traded Funds at PSX

PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.

PakStox Outlook

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