OMCs create man-made crisis after not receiving greater profit among fuel price hikes

Makes biggest gain of 11% against US dollar in August

Conducts OMOs to encourage banks to provide required financing to govt

Increase witnessed in wake of rising income of oil-exporting Arab countries

SSGC says Naimat Basal Gas Field developed technical fault which will take over a month to rectify

Drop came after reports IMF will revive $7b loan programme before weekend

Move will encourage stock investors to pour money into productive sectors

Current account gap likely to shrink to $8.7b against earlier forecast of $10-15b

Move came after income of CDNS surged from debt securities

Insists govt has steered country away from default on payments