The benchmark Index KSE-100 fell about 2% or -914 points to 44,461 points at the end of the month amid escalating tensions between Russia and Ukraine (Russian military entered Ukrainian territory) and rising commodity prices, especially energy, when oil prices rise to $100 per barrel.

For the first time since 2014, the dollar strengthened against the Pakistani rupee, scaring off investors from rising inflation and interest rates.

The country is already going through a difficult period due to increased import spending exacerbating the current account deficit, which has reached $11.6-7 million22. assuming that inflation will continue to rise in the future.

However, the circular debt reached 2.5 trillion Pakistani rupees and became a daunting task as it hampered the energy chain’s ability to pay cash dividends and exacerbated budget deficits, both of which had a significant impact on stock markets.

The increase in political temperature in the country also influenced investor sentiment during the month.

Foreign Investors remained net seller of $15.03mn while in Local Investors, Mutual funds were net seller of $19.76mn, Insurance companies $6.36mn, while banks were net buyer of $9mn, Corporates were net buyer of $13.5mn.

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