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KSE100 index closed down 1466 points for the week at 39846. The index is now down around 8000 points or 16.5% since the start of the year. The market meltdown continues unabated bringing up the lowest closing for this year and more importantly below the crucial 40000 mark. Political risk has widened with civil military tensions coming to the fore. The Index has lost ground now for four consecutive weeks. Average turnover was 146 million shares while value traded was rupees 6.25 billion.
Foreign inflow during the week was USD 39 million compare to and outflow of USD 9.7 million last week.
1 Comment
10/27/2017 03:59:01 am
The market is a place where the society buys goods and avail services offered by the companies that contributes to the growth of one country's economy. Without a stable market, the people of the nation will suffer from poverty, hunger and famine. Investors will not choose to invest because they know that they will not earn. The best way to eliminate this thing and to prevent it is for its citizen to purchase and use their own products. In that way, the money will revive and will maintain its stability. Leave a Reply. |
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