Daily Report: 25 March 2022dev.admin
Pakistan Stock Exchange on the last trading day of the rollover week, depicted a roller coaster ride and finally surged +28.59 points, to close the index level at 43,551.14 .
On the economic front, the country’s total liquid foreign exchange reserves declined significantly by $844 million, or 3.8 percent WoW mainly due to higher external accounts payments. However, the PTI government is confident in obtaining the IMF’s on-going 7th review under Extended Fund Facility (EFF) On the other hand, the government has raised profit rates on almost all National Savings Schemes with effect from March 25, 2022. (NSSs). Regular Income Certificates (RICs) profit rates have increased by 84 basis points to 11.04 percent per year, up from 10.20 percent, and while defense Savings Certificates (DSCs) profit rates have increased by 60 basis points to 10.92 percent. Furthermore Intl. Oil prices also stayed above $110 in the last couple of weeks amid supply concerns on whether or not to impose an oil embargo on Russia, and the US and its allies considered releasing extra oil from storage to calm markets.
The weekly inflation, the Sensitive Price Index (SPI) also stayed higher and SPI increased by 15.67 percent YoY. Overall 161 million shares traded in KSE All Share Index today, where WTL,DSL,CNERGY and TELE remained among the top volume leaders.