The Pakistan Stock Exchange remained range-bound during the week ended on September 6, 2024 as investors opted for wait and see policy and unfolding of the key events, including IMF executive board’s approval and the rebalancing of the FTSE. The market movement was largely influenced by corporate results. The benchmark index was up 410 points or 0.5%WoW to close at 78,898 points on Friday.
On the macro front, GoP kept on exploring every possible option to bridge the external financing gap, including approaching commercials banks.
The outflows related to FTSE rebalancing began as changes will become effective from September 23, 2024.
The inflation eased to a single digit after almost 3 years, to 9.6% for August 2024. Consequently, real positive interest rate was........