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Daily Report: 12 August 2022

Daily Report: 12 August 2022

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Pakistan Stock Exchange (PSX) on the last trading day of this week resumed its bullish trend on the back of news that the country is likely to get a Letter of intent (LoI) soon. The benchmark KSE 100 Index climbed +614.24 points to close at 42,857.57 levels.

On the economic front, country’s forex reserve decreased by $648 million or 4.6% WoW from the prior week, due to heavy external payments, reserves declined to $13.56 billion levels. On the other hand, the Pakistani Rupee (PKR), maintained its bullish streak against the greenback for eight successive sessions and appreciated further to close near 218.88 levels. This increase is being fueled by the expectation of funding revival and dollar inflow in the country. 

Across the board, better participation was witnessed and more than 7 scrips closed at the upper circuit including GHNL, HASCOL, NRSL, and NCPL. Overall 373 million shares traded in KSE All Share Index today, where CNERGY,WTL,PRL and HASCOL remained among the top Volume leaders.


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