Volatility and uncertainity in the stock market can be unsettling, but it’s important to remember that short-term market fluctuations are normal and should be expected
This week, the market lost 881 points to close at 43,233 points. The market witnessed a bloodbath on Thursday, one of the highest intraday drop -4.71% in the history of PSX. Investors reacted to the widening trade gap, inflation hitting the double-digit figure of 11.5%, and rupee depreciation against the dollar.
This week, the market lost 2,375 points to close at 44,114 points. The market went into free fall because of the Policy Rate hike by SBP, widening of the current account deficit to an alarming level, and continuous foreign selling due to MSCI reclassification.
This week, the market gained 740 points to close at 46,489 points. The market became uncertain later in the week when SBP called an early meeting of monetary policy and the government agreed to pay PKR 190bn to Independent Power Producer and kept petroleum prices unchanged for the next 14 days.
This week, the market fell down by 1,547 points to close at 45,749 points. This week was full of negative triggers that sent investors on the back foot. The delay in the resumption of the IMF Programme, lower than expected weightage in the MSCI frontier market, Rupee losing its value against the dollar,
This week, the market witnessed a bull run, and the index increased by 1,111 points to close at 47,296 points. On the political front, the Government bowed down and reached an agreement with TLP. On the economic front, coal prices crashed providing respite to the cement & power industry.
This week, the market witnessed V shape recovery as Saudi Arabia committed a USD 4.2 bn support package to Pakistan. This week index increased by 641 points to close at 46,219 points. Trading during the week got disrupted because of the implementation of the new trading system
This week, the market continued its upward trend as oil & coal prices started decreasing in the international market. This week index increased by 756 points to close at 45,578 points. However, on Friday index fell by 243 points due to FATF retaining Pakistan in the gray list and political uncertainty in the capital.
After weeks of the downward trend on the KSE100 index, it made a comeback on Thursday, and the index gained 1,112 points. This week index increased by 345 points to close at 44,822. The possibility of successful negotiation with IMF,
The possibility of successful negotiation with IMF and exclusion of Pakistan from the FATF gray list drove the investor’s confidence. Analysts expect that the result season will provide support and the upward momentum will continue.
