RT Securities

Daily Report: 04 August 2022

Spread the love

Pakistan Stock Exchange continued its positive momentum on the fourth trading day of this week, surged +356.50 points to close the KSE100 Index at 41,425.37 levels.

On the economic front, the statement of IMF’s residents regarding the completion of all prior actions for loan review has provided much-needed confidence in the local financial markets and boosted investors’ confidence. Substantial recovery in PKR along with more than 1300 points gains in KSE100 Index has improved investors’ sentiment. The local currency continued its appreciation by as much as 220 per USD in the interbank market today despite the highest single-day recovery against the USD in yesterday’s trade. On the fixed income front, the cut-off yield has also decreased and was recorded as 3-year and 5-year PIBs at 13.94% and 13.4% respectively. In addition to this, the Intl. Brent has also lost its steam on the back of weak manufacturing data which ignites recession fears in the global economy and Brent future recorded at $93.2/barrel.

Local stock market participation stayed healthy and overall 275 million shares traded in KSE All Share Index today, where WTL,TPLP,PAEL and PRL remained among the top Volume leaders.

Spread the love
Exit mobile version