Stock Watch-Stocks remains under pressure on inflation and political noise.

Summary

The KSE-100 Index is continuously under decline since week starting July 8 till close of August 2, 2019 coming down from 34,190 to 31,666 level. Investors are witnessing many economic and political events unfolding fast and continuous. It is difficult for stock investor to make a sense out of it and decision making of stock investors who prefer to look for stability and clarity. As such stock market is volatile with low participation. The stock index has hit its lowest level during the period. The foreigners remain positive and buyers during the period.

IMF loan approval and its impact, Budget approval, Monetary policy rate and exchange rate direction, Asset Declaration Scheme 2019, Tax matters, Political maneuvering by the Opposition to topple the Government, No-Trust resolution against the Senate Chairman and Successful visit of the Prime Minister to USA giving new hope for Kashmir solution while fast accountability process with more opposition leaders in jail and under investigation are the highlights of the week.

During the week KSE-100 Index shed 437 points to close at 31,666.41 points. The average volume declined to 57 million while market capitalization eroded by Rs.120 billion to close at Rs.6.345 trillion.

During Monday the market traded mostly in the negative zone after initial gain of 19...