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Weekly Report – Index suffers amid political uncertainity

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Pakistan Stock Exchange – KSE100

KSE-100 witnessed a total fall of 1488 points during the week. After closing positive on Friday last week, the index opened the week with a substantial fall on Monday continuing the momentum throughout the week.

Pakistan Exchange suffered from a lack of any positive triggers throughout the week, as fundamentals continue to pose a serious problem to the economy.  

The KSE-100 lost a total of 1488 points during the week, with an open of 41334 at Monday and a close on 39846 points on Friday.

NCCPL Data

By Investor

Foreign Corporates, Insurance Cos and other organizations were the net buyers throughout the week whereas Brokers, Individuals, and Mutual Funds sold their positions in the market.

By Sector

Commercial Banks, Textile Composite, and Oil & Gas Exploration Cos. were the pick of Foreign Corporates and Insurance Cos. Meanwhile, Food & Personal Care and Technology & Communication were the net losers from the ongoing negative sentiment in the market.

Weekly Reserves

Reserves Position

Foreign reserves held by

Oct 06, 2017

Sep 29, 2017

Change

% Change

State Bank of Pakistan

13,787.90

13,857.00

-69.10

-0.50%

Net Foreign Reserves Held by Banks

5,884.10

5,906.20

-22.10

-0.37%

Total Liquid Foreign Reserves

19,672.00

19,763.20

-91.20

-0.46%

During the week ending 06 October 2017, SBP’s reserves decreased by US$ 69 million to US$ 13,788 million, due to payments on account of external debt servicing. 

Weekly SPI

Weekly Sensitive Price Indicator down by 0.72% from last week (05-10-17). Whereas, year-on-year change was +1.96% during the year.

Sensitive Price Indicator

Index

Oct 12, 2017

Oct 6, 2017 

% Change

SPI Combined

224.20

225.83

-0.72%

The weekly SPI is computed with base year of 2007-08=100 covers from 17 urban centers and 53 essential items for all income groups/quintiles. Of the items covered, average prices of 11 items registered an increase whereas average prices of the 12 items registered a decrease.

Weekly Oil Prices – WTI & BRENT

Prices for WTI have been hovering around the $ 50 mark throughout the last week, as investors eye the OPEC cuts and demand forecasts for the upcoming years.

Weekly WTI Prices

Benchmark

Oct 9, 2017

Oct 10, 2017

Oct 11, 2017

Oct 12, 2017 

Oct 13, 2017

WTI

49.58

50.92

51.30

50.60

51.58

BRENT

55.54

56.36

56.73

56.07

57.39

WTI Month

BRENT Last month

Posted on: 2017-10-13T18:42:00+05:00