Weekly Review - Market sheds -884.71 points, falls by 1.82percent

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By MG News | July 16, 2017 at 06:19 PM GMT+05:00

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PSX Weekly Performance 10th July – 14th July

Points Change

-884.71

Percentage Change

-1.82%

Day to Day Position

Monday

+1051.66

Tuesday

-2153.23

Wednesday

-328.39

Thursday

-8.64

Friday

+553.89

The KSE-100 index is at -7.2% during the incumbent year since January, 2017. The markets have performed negatively despite the MSCI inclusion during the year. The performance has been affected by the ongoing political instability in the country resulting from Panamagate scandal that surfaced last year. The court proceedings and the delay thereof have caused a serious damage to the markets, which has resulted in an acute loss of confidence in the market by individual and foreign investor who are uncertain about the political future of the country.

The FIPI/LIPI numbers indicate a very bleak picture at the present moment as the markets continue to bleed from the political upheaval. The markets have yet to stabilize from onslaught which ironically started from the date of MSCI inclusion.

However, the market is very much undervalued. With a slight certainty, as to what the final verdict of the Supreme Court will be, the markets are at a very lucrative position.

PSX – Week

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WTI – Week

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USDPKR - Week

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Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,340.00 110,105.00
109,205.00
-945.00
-0.86%
BRENT CRUDE 68.54 69.00
68.41
-0.57
-0.82%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.91 67.50
66.78
-0.54
-0.80%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

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