Data Analysis-Budget Eve 9June23
· Banks made sure no one can do mandi
· Poor souls got trapped in $MARI
· Foreigners went on holiday
· Funds are selling like no tomorrow
· Rent seeker are being dumped? 🤣
Stocks are risky-Be prepared to bleed when you come to market
· You can either work like legends (Wall Street) or you can lose money & learn from beatings of market
· I know one thing for sure
Good time is coming in Pakistan...So choose script wisely!
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How does this latest circular Impact my stocks? & why is this decision being taken in the first place?
A thread!
1/10
In the latest circular posted above, the markup rates for refinancing schemes have been increased by 200BPS which means effectively the exporters will now be paying 13% interest on their bank borrowing availed for export purposes instead of earlier 11% (2021: 3%)
2/10
Lets dig out one company September Qtr books for our answer!
This company has Stock-in-trade as Rs.7B+ & Trade debts. Rs. 750M