News Highlights Tuesday, July 30, 2024

Fitch upgrades Pakistan rating to ‘CCC+’ – Positive
https://www.brecorder.com/news/40314874/fitch-upgrades-pakistan-rating-to-ccc

SBP cuts rate by 100bps, raises inflation outlook – Positive
https://epaper.brecorder.com/2024/07/30/1-page/1001021-news.html

Foreign investors; Repatriation of profits, dividends hits 6-year high – Neutral
https://epaper.brecorder.com/2024/07/30/1-page/1001026-news.html

Business Confidence Index declines to 48.6 in July 2024 amid economic concerns – Negative
https://profit.pakistantoday.com.pk/2024/07/29/business-confidence-index-declines-to-48-6-in-july-2024-amid-economic-concerns/

POL announces discovery of oil & gas reserves in KP’s Kohat district – Positive
https://www.brecorder.com/news/40314844/pol-announces-discovery-of-oil-amp-gas-reserves-in-kps-kohat-district

Power sector; Work begins to remove major bottlenecks – Neutral
https://epaper.brecorder.com/2024/07/30/1-page/1001019-news.html

Global appliance maker eyes strategic alliance with Waves Home Appliances Limited – Positive
https://www.brecorder.com/news/40314863/global-appliance-maker-eyes-strategic-alliance-with-waves-home-appliances-limited

Stock market-linked Mutual Funds; SECP concerned about lack of investors’ interest – Negative
https://epaper.brecorder.com/2024/07/30/12-page/1001161-news.html

ECP notifies 93 returned MPAs as PTI lawmakers
https://epaper.brecorder.com/2024/07/30/1-page/1001027-news.html

Two ad hoc SC judges take oath
https://epaper.brecorder.com/2024/07/30/12-page/1001166-news.html

Oil prices slip on China demand concerns, waning Middle East worries
https://www.reuters.com/markets/commodities/oil-prices-slip-china-demand-concerns-waning-middle-east-worries-2024-07-30/

Asian Shares Decline as Markets Await Key Events: Markets Wrap
https://www.bloomberg.com/news/articles/2024-07-29/stock-market-today-dow-s-p-live-updates?srnd=phx-markets