KSE-100 index recorded a recovery of 795 points/2.7% during the week to close at 30,467 level.
Trading week started on a positive note as Index gained 1.3% on back of much awaited regulations pertaining to capital markets to enhance liquidity in stock exchange.
Weekly index return of 2.7% was boosted by lower CPI numbers (Aug 2019 at 10.5% at new base) after revision of weights by Pakistan Bureau of Statics (PBS) which has led market players to believe that interest rates have peaked.
Based on NCCPL data, foreigners remained net seller amounting to US$5.45mn. On the local’s side, Mutual Funds remained net seller of US$3.11mn, while individual remained net buyers of US$6.15mn.