Friday, the equity market reached a new record, crossing the 154,000 mark for the first time, Friday, with a feeling fueled by sustained liquidity flows and selective selector gatherings.
Pakistan Pakistan Benchmark KSE-100 index of Pakistan Pakistan has climbed to an intrajournnal summit of 154,511.31, winning 1845.59 points, or 1.21%, while affecting a minimum of 153.129.78, up 464.06 points, or 0.3%, compared to the previous closure 152665.72.
“The net purchase continues according to the purchase of common funds, global positive liquidity hunting limited shares,” said Aah Soomro, independent investment and economic analyst.
“HUBC and Cement have experienced a good rally due to the right payment of HUBC and the potential relay of the cement sector according to the acquisition of a player,” he added.
Pakistan exchange reserves owned by the central bank increased from $ 28 million to $ 14.302 billion in the week ending on August 29, Pakistan’s State Bank (SBP) reported on Thursday.
The total foreign reserves abroad in the country increased $ 42 million to $ 19.66 billion, while commercial banks have increased $ 14 million to $ 5.357 billion. SBP reserves are now sufficient to cover 2.62 months of imports.
This marked the fourth weekly increase in the consecutive SBP reserves. The bank did not specify the reasons for the increase in its weekly declaration, but the improvement of the external account caused by solid funds, associated with continuous exchange purchases by the SBP, was a major factor.
On Wednesday, the yields of the Treasury bill (T-Bill) remained largely stable, indicating that investors do not expect an immediate interest rate due to the concerns about inflationary pressures after the sudden floods. The government has raised RS491 billion in the T -bills auction, exceeding its target of 400 billion rupees but below 824 billion rupes.
The T-Mont En T yield fell from 15 base points (BPS) to 10.75%, while yields on documents of three months and six months remained stable at 10.85%. The 12 -month yield also remained flat at 11%. In addition, the government raised RS36.7 billion thanks to an auction of Pakistani investment bonds with floating rate.
Thursday, KSE-100 increased by 463.85 points, or 0.3%, to 152,665.72 points from 152 201.88 points during the last session. The highest index of the day was 153,411.06 points, while the lowest level was 152,264.97 points.
