Overview
- The KSE-100 closed at 161,538.41, rising 1,945 points (1.22%) on Monday after recent weakness.
- Analysts said drivers included the 27th Constitutional Amendment’s approval, expectations for the next IMF tranche and easing regional tensions.
- Index leaders included Engro Corporation, Fauji Fertiliser, Engro Fertiliser, OGDCL, Pakistan Petroleum and Systems Limited, with 783 million shares traded worth Rs36.3 billion.
- The prior week ended at 159,593 (-1.3% WoW) as CPI accelerated to 6.2% YoY for October, the trade deficit widened 56% YoY to $3.2 billion and foreign corporates plus mutual funds booked profits.
- Macro signals remained mixed, with remittances up about 12% YoY to $3.4 billion, cement dispatches up 7.3% YoY, and fertiliser offtake weaker, underscoring a volatile market shaped by shallow liquidity and flow-sensitive sentiment.