Tightening Archives | The Biz Update

Economy

Monetary tightening drags index by 1,214 points

The Biz Update5 years ago03 mins

Karachi, July 20, 2019: During the outgoing week, the benchmark index lost 1,214 points; down by 3.60 percent WoW to close around 32,459 points. According to Topline, Market Weekly Data Equities remained under pressure during the first 2 sessions of the week owing to an expected hike in. While during the week, SBP raised the…

Business

Tightening to continue with 100bps hike expected

The Biz Update5 years ago1 year ago03 mins

Karachi, July 15, 2019: The State Bank of Pakistan (SBP) is scheduled to announce its monetary policy on Tuesday, July 16, 2019. Arif Habib Research is expecting the central bank to increase its policy rate by 100bps to 13.25 percent. The primary reason for this increase in the policy rate, in our view, is to…