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MSCI adds to its Pakistan Indices: Good news for PSX investors. Morgan Stanley Capital International (MSCI)  has announced in its August 2024 index review inclusion of  SEVEN PSX listed  companies in its constituents of the Frontier Market (FM) Index and FM Small Cap Indexes.
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The MSCI Pakistan Index (USD) is designed to track the performance of large and mid-cap segments within the Pakistan market. Comprising 21 constituents, this index covers approximately 85% of the Pakistan equity universe. It provides a comprehensive overview of the market's key players. For detailed information on the index's methodology, please refer to the official MSCI Index methodology. The Price to book of Pakistan is half that of MSCI Emerging Markets. https://www.msci.com/documents/10199/4e300cf1-78ba-409a-ba9c-68092c928396 Cumulative price returns of the MSCI Pakistan Index (USD) from July 2009 to July 2024  
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Lucky Cement Limited (PSX: LUCK) has released its annual financial results for the year ending June 30, 2024. The company achieved a net income of Rs. 95.9 per share and declared a total cash dividend of Rs. 15 per share, reflecting its robust performance throughout the year.
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Mari Petroleum Company Limited (PSX:MARI) - Annual Financial Results as of June 30, 2024 For the year ending June 2024, MARI earned a net income of Rs. 579.4 per share and declared a total cash dividend of Rs. 232 per share.
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The yield on the US 10-year Treasury bond has climbed back to nearly 3.9% on Wednesday, recovering from a recent low. This increase follows a weaker-than-expected jobs report that had initially raised concerns about a potential recession and fueled speculation of an emergency interest rate cut by the Federal Reserve. However, market sentiment has shifted as investors now believe the Fed may not need to intervene as aggressively.
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WTI crude oil futures climbed above $75 per barrel, extending their upward momentum following an EIA report that revealed a bigger-than-expected decline in US crude oil inventories. Crude stocks dropped for the sixth consecutive week, falling by 3.728 million barrels, significantly more than the anticipated 0.4 million barrel decrease.
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China's exports increased by 7% year-over-year in July, falling short of the expected 9.7% rise and slowing down from the 8.6% growth seen in June. Conversely, imports rose by 7.2%, exceeding the anticipated 3.5% and recovering from the previous 2.3% decline. Consequently, the trade surplus reached $84.7 billion, which, while lower than the forecasted $99 billion, was still higher than last year's $80 billion.
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