Equities eke out modest gains amid dearth of triggers |
KARACHI: The Pakistan Stock Exchange (PSX) managed modest gains in the outgoing week, reflecting investor caution amid a lack of significant news flow and persistent macroeconomic uncertainties.
The week was marked by mixed economic indicators: a widening current account deficit and stable foreign exchange reserves, while key sectors such as Large-Scale Manufacturing (LSM) and technology exports posted positive growth.
The most notable development was the current account deficit (CAD) for October, which stood at $112 million, reversing from a surplus of $83m in September. The trade deficit for the month reached $3.28 billion, with a cumulative gap of $12.6bn for the first four months of the 2025-26, widening by 38.9pc year-on-year.
Foreign direct investment (FDI) fell by 26 per cent to $747.7m in 4MFY26, compared with $1.01bn in the same period of the previous fiscal year. However, the FDI showed some resilience, with October’s inflows reaching $179m, up 23pc YoY despite a slight month-on-month........