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FATF announcement weighs stocks down as index loses 1,105 points
FEBRUARY 25, 2020

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Stocks began the new week on a free fall, with the benchmark KSE-100 index losing over 1,105 points – down 2.82 per cent – to close at 39, 143, well below the 40,000 barrier.

The losses followed a lacklustre last week during which the market remained largely flat as bulls and bears managed to secure an upper hand in turns. The index had closed Friday almost flat with a minor uptick of just six points (0.01 per cent) at 40,249 from Monday (Feb 17).

Ali Asghar Poonawala, Deputy Head of Research at AKD Securities, reportedly said the predominant reason for the downslide was the “FATF statement maintaining Pakistan on the grey list”.

He said significant headwinds, partially flowing through from last week (macro weakness as government manages inflationary pressures while aiming to meet IMF’s performance criteria), were brought to light by the “relatively harshly worded FATF statement”. Poonawala said even though FATF had acknowledged significant progress being made by Pakistan, which was reflected by the body extending the timeline for implementing reforms, its strong statement did not bide well for investor sentiment.

He said to a significant extent market participants had “somewhat prematurely expected a more positive outcome from the FATF session”.

“We believe Pakistan’s exit from the ‘grey list’ appears unlikely in June 2020, as graduation from list would not only require completion of action plan but the country pass an on-site assessment which is some form of mutual evaluation similar to the one conducted in Oct 2018 as well,” he added.

Poonawala said at current levels, the KSE-100 index stood at levels last seen during late Nov 2019, reversing gains made since. The market is down close to 8pc since its peak of 43,219 points on Jan 14.

He also noted that despite the market being in the middle of its usually active earnings season, trading volumes at the bourse had tapered off significantly indicating investor apathy and reduced expectations of healthy profits or payouts.

Additionally, he said wider risks on the periphery such as possible repercussions at home from coronavirus deaths in neighbouring Iran and news of suspected patients in Afghanistan also dampened sentiments.

Head of Foreign Institutional Sales at Next Capital Limited Muhammad Faizan also echoed Poonawala’s comment that the downward trend was because of the FATF’s decision to keep Pakistan on the grey list.

Faizan also said the downward trajectory was influenced by world markets, which he said were also sliding because of the situation arising from the global spread of coronavirus.

https://dailytimes.com.pk/564353/fatf-announcement-weighs-stocks-down-as-index-loses-1105-points/
 
please please my uneducated Patwari friend leave the stock exchange aside. It goes up and down and will not always stay down like Patwaris IQ..
Its funny how Mr. @ejaz007 is always the first to post a news item when the stocks are down, but goes missing when the stocks are positive for weeks on end.
 
Its funny how Mr. @ejaz007 is always the first to post a news item when the stocks are down, but goes missing when the stocks are positive for weeks on end.

It is funny how Mr. @Syed1. only posts one liners without any sense and contributes to the community. Did you even read the post and understood why stock market went down.

It is my decision and choice what to post and what not. I don't care what you think.

please please my uneducated Patwari friend leave the stock exchange aside. It goes up and down and will not always stay down like Patwaris IQ..

Patwaris atleast have IQ. One needs brains to have IQ. Chaarsi's don't have that gift of God.
 
It is funny how Mr. @Syed1. only posts one liners without any sense and contributes to the community. Did you even read the post and understood why stock market went down.

It is my decision and choice what to post and what not. I don't care what you think.



Patwaris atleast have IQ. One needs brains to have IQ. Chaarsi's don't have that gift of God.

Patwaris just cant see beyond NS nutsack, that is in fact all they can see.
 
Chaarsi's can't see beyond niazi's ***.

Patwari monkeys love NS farts and do not love Pakistan, you should build a new country that officially worships that tind.
 
Patwari monkeys love NS farts and do not love Pakistan, you should build a new country that officially worships that tind.

Chaarsi's love Niazi's dick and can not see beyond that. Perhaps your Niazi shall handover the country to Indians like earlier Niazi then you shall suck Hindu dicks.
 
Chaarsi's love Niazi's dick and can not see beyond that. Perhaps your Niazi shall handover the country to Indians like earlier Niazi then you shall suck Hindu dicks.

NS is the biggest cok sucker there is, he would have sold Pakistan to india if it was up to him, and you patwaris would cheer for it.
 
NS is the biggest cok sucker there is, he would have sold Pakistan to india if it was up to him, and you patwaris would cheer for it.

He would have sold it but your Niazi has already sold Kashmir and would also sell Pakistan. Where would you go India or Afghanistan.
 
He would have sold it but your Niazi has already sold Kashmir and would also sell Pakistan. Where would you go India or Afghanistan.

I would want him to be hanged if he did that, but can you say the same for NS, you would still support him even if he sold Pakistan, or have I got you wrong.
 
I would want him to be hanged if he did that, but can you say the same for NS, you would still support him even if he sold Pakistan, or have I got you wrong.

He hasn't sold Pakistan so the question is wrong. IK has sold Kashmir and you are still supporting him.
 
He hasn't sold Pakistan so the question is wrong. IK has sold Kashmir and you are still supporting him.

Modi da yaar, says it all doesn't it, NS hates Pakistan and you still support him.
 
He hasn't sold Pakistan so the question is wrong. IK has sold Kashmir and you are still supporting him.
Except for few Youthia the whole country is missing NS. He brought stability in Pakistan's economy.

In mere 4 years he double the generation capacity of affordable power. Remember that time when power supply was one hour off and one hour on.

Business was thriving during NS tenure. Discounting rate was down at 6%, unlike 13.25 now. Large scale manufacturing was up. Dollar stable. Tax collection alost doubled in 4 years. LNG supply improved. Karachi law n order improved. No matter what you think a traitor will never do all this.

Than came Niazi who rattled everything and the businesses down. A master of u turns, never sticks to what ge says and has fooled all those who voted for him. A new crises every next day sometimes it us sugar than wheat etc etc

Cant figure out what the hell tiny minded youthia take pride on.
 
Except for few Youthia the whole country is missing NS. He brought stability in Pakistan's economy.

In mere 4 years he double the generation capacity of affordable power. Remember that time when power supply was one hour off and one hour on.

Business was thriving during NS tenure. Discounting rate was down at 6%, unlike 13.25 now. Large scale manufacturing was up. Dollar stable. Tax collection alost doubled in 4 years. LNG supply improved. Karachi law n order improved. No matter what you think a traitor will never do all this.

Than came Niazi who rattled everything and the businesses down. A master of u turns, never sticks to what ge says and has fooled all those who voted for him. A new crises every next day sometimes it us sugar than wheat etc etc

Cant figure out what the hell tiny minded youthia take pride on.

NS is a turd, but you will never see it.
 
Except for few Youthia the whole country is missing NS. He brought stability in Pakistan's economy.

This post is proof of the mentality of a typical patwari suwar who does sajda infront of Nawaz's portrait and does Haj to Jati Umra (Nausabillah)



Every single world economic agency is saying that Nawaz fucked up the economy to almost to the point of no return and here this patwari suwar is singing his praises


Pakistan will not progress till we have patwari suwars like this bat shit alive.
 

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