Global Stock Exchanges - Volatile week at PSX closes in green.

Volatility marred the outgoing week at the Pakistan stock market as sharp ups and downs punctuated the daily trading sessions amid concerns over the rising Covid-19 cases and uncertainty stemming from the US presidential elections. The KSE-100 finished the week up 843.61 points or 2 percent to close at 40,731.61 points.

Taking cue from last week's close, trading kicked off on a negative note on Monday as fears over outcome of the second wave of the Covid pandemic dented sentiments. Expectations of another round of restrictions and lockdowns kept investors wary. However, bears took a break from the Pakistan Stock Exchange (PSX) as the index staged a remarkable comeback on Tuesday on back of encouraging inflation reading.

The Consumer Price Index (CPI) clocked-in at 8.91 percent for October 2020, which was far below market expectations. Moreover, recovery in international equity markets and global oil prices also helped snap a four-session losing streak. Unfortunately, by mid-week sentiments turned soar again and investors started offloading stocks, which dragged the market down. The upbeat cement and petroleum...