Fertilizer Offtake Numbers
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The SBP announced a further rate cut of 100bps on last Friday, but failed to inspire any excitement as the move met street expectations.
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The official fertilizer statistics for the month of Nov’19 released by NFDC wherein Urea sales have declined 12% Y/Y and in-creased 2.2x M/M due to lower base affect of last month,
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The market experienced a volatile session today, where it saw a high of 34,049 and a low of 33,757
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IMF’s executive board granted approval of an “Extended Fund Facility” (EFF) of USD6.2bn for Pakistan on July 3, 2019.
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