09262016Mon
Last update: Mon, 26 Sep 2016 10pm

Stocks and Bonds

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The Securities and Exchange Commission of Pakistan (SECP) has implemented various regulatory measures to facilitate Asset Management Companies (AMCs) for attracting retail investors through active coordination between SECP, Mutual Funds Association of Pakistan (MUFAP) and AMCs.

Canada's benchmark stock index will notch only minor gains by year-end, a Reuters poll found, as investors remain cautious about global growth, the US election in November, and whether oil prices will hold on to their recent strength.
Petrochemical shares were the main drag on Saudi Arabia's equity index after oil prices fell 4 percent at the end of last week, while Qatar's main index regained some ground. Riyadh's main index fell 0.6 percent to 5,913 points in low volumes, hitting a fresh 7-month low. Bellwether petrochemical producer Saudi Basic Industries declined 2.4 percent.
The government plans to raise $1 billion from the international debt market through issuance of Eurobonds in October 2016 with the objective of building foreign exchange reserves ahead of approaching debt repayments from next year onwards.
The futures spread increased by 8.12 percent during the week ended on September 22, 2016. During the outgoing week, average daily volumes at futures counter increased by 15.2 percent to 51.82 million shares.
Investors retreated from US-based funds as stocks and bonds slid, pulling the most cash in the latest week since the British vote to quit the European Union, Investment Company Institute data showed on Wednesday.
China Cinda Asset Management Co said on Sunday it would issue $3.2 billion of non-cumulative perpetual offshore preference shares to replenish its additional tier-1 capital.