SBP-held forex reserves rise $17mn to $17.10bn
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $17 million on a weekly basis, clocking in at $17.10 billion as of August 21, data released on Thursday showe
Share
Desk Analysis
How This Affects the Exchange
Sector Effect
Negative · Do not buy
Cautious read for Banks, Economy — price/volume reaction may stay soft near-term.
Sectors & Direction
Desk read
Desk call: Do not buy · Negatively affected
- BanksNegatively affected
- EconomyNegatively affected
Companies
Mentions in This Briefing
Sectors: Banks, Economy — Negative · Do not buy. PSX tickers: MEBL, MCB, UBL, HBL, BAHL, FABL. Cautious read for Banks, Economy — price/volume reaction may stay soft near-term.
Full Story
Open on Business RecorderForeign exchange reserves held by the State Bank of Pakistan (SBP) increased by $17 million on a weekly basis, clocking in at $17.10 billion as of August 21, data released on Thursday showed.
Total liquid foreign reserves held by the country stood at $22.59 billion. Net foreign reserves held by commercial banks stood at $5.49 billion.
The central bank did not spec
Source: Business Recorder — https://www.brecorder.com/news/40436714/sbp-held-forex-reserves-rise-17mn-to-1710bn