KARACHI: The Pakistan Stock Exchange started new week on negative note after shedding 108 points to reach 41204 points level in early trading on Monday.
The benchmark KSE-100 index lost 1,948 points (-4.6 percent) during the first three days of the week; however, spurt of positive sectors-related news flows helped the index gain 844 points (+2.1 percent) on Friday.
Overall, the KSE-100 index closed 1,097 points WoW lower (-2.6 percent) at 41,312, with activity still reasonably low as average traded volumes and traded value clocked-in at 140 million shares per day and $71 million per day, respectively.
The market participation remained thin, with first day of the week (89 million shares) marked the dullest day since mid-2015. Overall, ADTO reduced 5 percent to clock-in at 140 million shares while ADTV inclined by 20 percent to reach $71 million, during the week.
Major inflows, amounting $14.38 million and $6.7 million were witnessed from banks and companies, while Insurance and Brokers remains net sellers worth $15.4 million and $6.6 million, respectively. Whereas, foreign investors off loaded $9.75 million worth of equities during the week.
On the macro front, inflation numbers of 3.9 percent came-in for the month of September 2017, largely in-line with the market expectations. Resultantly, the CPI for the 1QFY18 stood at 3.4 percent, well below SBP target of 6 percent. Furthermore, during the week, SBP’s currency reserves tapered-off by $276 million (-1.95 percent WoW) to $13.8 billion (two-year low).
