After last week's euphoria, the stock market remained declining this week. The KSE100 Index lost 1050 points and closed at 45,553 down 2.26% for the week ending 22April. Individuals remained on the sidelines after higher participation last week. Next week being roll over week was also a consideration for Individuals. PSX showed a massive rise of 4.8% last week; in view of which it was expected that market participants would assess the economic and political situation this week and concrete signs of progress. One negative development this week was higher cut off, of 3Months paper by 70 bps. See this . This increased Kibor to 13.84% today. 'Mutual Funds' consequently were net sellers this week. Their selling this week was higher than their trend in the last couple of weeks. Market was not under any selling pressure for several weeks now. This week on account of Mutual Funds was odd. Earnings season has started this week in full swing with several companies announcing good ...
Pakistan Investment Landscape | Markets | Securities