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PSX manages to remain in green

KSE100 Index closed at 44,111 up 0.42% adding 183 points. Another day of political limbo as the case of dissolution of the National Assembly drags on. This vacuum is seriously impacting the economy. Rupee today weakened further and now touching 187 to a dollar.

Another negative that might impact the market tomorrow is the rising rates in todays T Bills auction. In today's T-Bill auction, cut-off yields were up by 60-80bps. 6 Months T Bill cut off was 13.25%.

Today Crude dropped by 4% to $97 level on news that IEA would release 120 million barrels of oil to cool prices. Also demand appears to be weak.



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