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Sunday, October 10, 2021

KSE 100 - Week 40-2021 : Weekly Roundup & Uncertanity!

 Uncertainty remained at the bourse and there is nothing much to update. Weekly capitalization closed again after several weeks of hefty losses. With only twelve weeks to go for annual closing, the market has shown no signs of respite since July. On the fundamental front, the situation is likely to remain unpredictable as long as chaos persists in Afghanistan. Cental bank announcement to curb USD outflow should provide some support to PKR. If PKR devaluation is curtailed then we may see the outflow reverse and recovery possible in PSX. Overall, PSX has become an unattractive investment under the current government despite making tax reforms and reducing CGT, the bourse has failed to sustain above its benchmark of 8000+ Bn/PKR. There are no money market events (MTB, PIB & Sukuk auctions) that may impact the market in the week ahead, 




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