Pakistan Weekly Market Review (Sep 06, 2019)
September 11, 20190
- 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.