Cut in oil price can help to inflation down

Brent crude fell as much as $5 to $98.74 a barrel, the lowest intraday price since February 8. It recovered to $103.14 by 7:05 a.m. EDT in volatile trade, but was still nearly $25 off an April peak above $127.

US crude fell $1.35 to $79.96 after touching $75.71, its lowest since September 2010. US crude s discount to Brent reached its deepest level ever at $23.76.

The decrease in oil price will help to bring inflation down as Pakistan’s oil imports stands about 35 percent of its total import.

According to market experts, after cut in US rating Federal Reserve can increase interest rate as 19 percent of Pakistan export goes to US.
JS Research says that US will not stop US aid but it will delay it.

Spain-Netherlands could be classic final

JOHANNESBURG: A new champion will be crowned at the World Cup on Sunday, when Spain meets the Netherlands in a final which has the potential to be a classic.

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Spain-Netherlands could be classic final

Octopus Oracle to pick World Cup final

BERLIN: Prescient Paul, the octopus oracle who has correctly predicted the outcome of every World Cup match played by Germany, is branching out and will weigh in on the final between Spain and the Netherlands.

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Octopus Oracle to pick World Cup final

World stocks rise on global growth upgrade

LONDON: World markets climbed Thursday on hopes that the global economy will recover faster than expected and as investors prepared for a European Central Bank interest rate meeting.

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World stocks rise on global growth upgrade

Larkana: Couple found dead

A man and his wife were killed in Larkana. The dead bodies were recovered from their residence.
According to sources, Najeeb Allah Taniyo was a primary school teacher and small landlord. Najeeb contracted love marriage with Rehana Barohi a month ago. Police raided their house on indication of the neighbors and recovered the bullet sprayed dead bodies. The brother of the victim informed that Najeeb was already married and was father of seven children. He added that Najeeb married Rehana 30 days ago.

KSE: Rise in future contracts

Open interest rate in the future contracts in Karachi Stock Exchange has increased by 4.5% and stands at Rs 1.7 billion.
During the last trading week, an increase of Rs 70 million was recorded in the open interest in the future counter. The deliverable future contracts spread increased by 0.8 percent and stands at 2.08 percent.
Average future trading volume decreased by 5.6 percent to 8.5 million shares.
Volume leaders were ENGRO, POL, OGDCL, DGKC and DGKC, these companies have weight-age of 51 percent in the open interest.

SBP Provides Rs 60.05 Billion To Commercial Banks

The State Bank of Pakistan has provided Rs 60.05 billion to the commercial banks to inject liquidity into the Money Market.
The central bank had received offers of Rs 102.70 billion for re-buying T-bills and Pakistan Investment Bonds (PIBs). The bank accepted offers of Rs 60.05 billion. The central bank bought back PIBs and T-bills under 7-day reverse-repo at interest rate of 12.04 percent.

SBP Injects 10.15 Billion To Overcome Liquidity Crunch

The State Bank of Pakistan has provided Rs 10.15 billion to the commercial banks in order to inject liquidity into the Money Market.
The central bank carried out an open market operation, State Bank received offers of Rs 17.15 billion for re-purchasing T-bills and Pakistan Investment Bonds (PIBs). The central bank accepted offers of Rs 10.15 billion. The central bank bought back PIBs and T-bills under 5-day reverse-repo at interest rate of 11.99 percent.

KSE:Rise In Open Interest Future Contracts

Open interest rate in the future contracts in Karachi Stock Exchange has been increased by 171% and stands at Rs51.80million.
During the last week, the deliverable future contracts witnessed an increase of Rs32.70million. Future contract spread rose by -841 basis points and the average future trade volume increased by 11.7. Volume leaders were NBP, AICL, MCB, POL and PPL, these companies have a weightage of 83% in the open interest.

State Bank Of Pakistan Injects 51.8 Billion To Overcome Liquidity Crunch

The State Bank of Pakistan has provided Rs 51.8 billion to the commercial banks in order to inject liquidity into the Money Market.
The central bank carried out an open market operation, State Bank received offers of Rs 56.80 billion for re-purchasing T-bills and Pakistan Investment Bonds (PIBs). The central bank accepted offers of Rs 51.8 billion. The central bank bought back PIBs and T-bills under 7-day reverse-repo at interest rate of 11.99 percent.

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