Stock market sustains 43,000 level.

Lahore -- The weekly performance of stock exchange remained largely subdued. The news flow also slowed down which was evident from the lower volumes. The market rested at 43,167 points slightly negative by 0.1 percent or 39 points. Some positives during the week on macro front included Fitch affirming Pakistan at 'B-' with stable outlook and increase in FDI by 68.3 percent in Jul-Dec19 but both failed to provide the impetus to continue momentum from previous weeks. Furthermore on last session of week, foreign investment in T-bills recorded largest single day inflow of $536.1 million taking total net foreign investment in T-bills and PIBs to $2.26 billion in FY20 which bodes well in terms of Forex reserves.

Based on NCCPL data, foreigners were net buyer of $2.81 million. On the local side, Banks were net buyer of $2.3 million and Mutual Funds were net seller of $1.7 million. Stock market experts said that the KSE took a breather in the outgoing week as investors likely opted to consolidate their positions in light of the rally. The market settled above the psychological level of 43,000 points. The uneventful week saw remittances recording at $11.4...