Financial markets
Thatta Cement Company Limited's stock showed a fluctuating performance on the Pakistan Stock Exchange, with its price varying across different contracts. The company's last day close price in the regular market was 45.64, while in the futures market, its August and September contracts closed at
Financial markets
The Central Bank of Nigeria (CBN) is set to remove N220 billion from the financial system through its upcoming treasury bills auction, a move designed to curb inflationary pressures and support the naira. Analysts foresee an increase in interest rates across the money market as a result of this action.
Financial markets
Despite the sustained stability in the exchange rate and slowing core inflation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is unlikely to ease interest rates in the second half (H2) of 2025. According to Prof. Uche Uwaleke, President of the Capital Market Academics of Nigeria
Financial markets
As part of its strategic plan, El Taamir Securitization has made a significant move in the Egyptian bond market. In a letter from the Misr for Central Clearing, Depository, and Registry (MCDR) dated August 3, 2025, the company announced the periodic partial redemption of its listed bonds for the sixth
Financial markets
The Reserve Bank of India (RBI) recently conducted Liquidity Adjustment Facility (LAF) operations, which provide liquidity to the banking system through various instruments. These operations are crucial in maintaining the stability of the financial system and ensuring economic growth. The RBI's operations are conducted through various segments, including
Financial markets
The Federal Reserve Bank of New York has released a report titled "Can Redemption Fees Prevent Runs on Funds?" authored by Xuesong Huang and Todd Keister, which explores the effectiveness of imposing fees on investors who redeem shares, particularly in the context of money market mutual funds (MMFs)
Financial markets
The Alhamra Islamic Money Market Fund (ALHIMMF), managed by MCB Investment Management Limited, has announced a dividend distribution of Re. 0.0206 per unit to its unit holders. This financial decision is significant for investors seeking regular income distribution, aligning with the fund's objectives to provide consistent returns.
Financial markets
The DLM Money Market Fund, a newly introduced open-ended structure, aims to revolutionize savings and short-term investing for Nigerians. This innovative fund is designed to provide a platform for investors to earn attractive returns from low-risk instruments while ensuring capital preservation, safety, and liquidity. The fund's core philosophy
Financial markets
The reconnection process of unclaimed financial assets with their rightful owners in Kenya has been marred by slow progress, bureaucratic inefficiencies, and unfulfilled promises. Despite efforts to simplify the process, the Unclaimed Financial Assets Authority (UFAA) has only disbursed Sh2.7 billion out of Sh36.3 billion held in trust
Financial markets
Miami International Holdings, Inc., a technology-driven leader in building and operated regulated financial markets, announced the launch of the roadshow for its initial public offering of 15,000,000 shares of its common stock, with an option to purchase up to an additional 2,250,000 shares. The initial public
Financial markets
Sabaa International Company for Pharmaceutical and Chemical (SIPC.CA) has submitted a disclosure form to the Egyptian Exchange (EGX) in accordance with Article 29 of the EGX Listing Rules. This move underscores the company's commitment to regulatory compliance and transparency. The disclosure form, which was made public on
Financial markets
Brinley Partners, LP, a leading alternative asset manager specializing in private credit, has made a significant move in the industry by announcing a $4 billion commitment as part of a strategic partnership with a leading U.S. insurance company. This partnership marks a major milestone in Brinley's expansion
