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KSE100 index up by 9.9% during 2019

News Desk

Karachi: The KSE-100 index closed 2019 with a positive return of 9.9% after giving negative return for two consecutive years (-8% for 2018 & -15% for 2017)

The market displayed a spectacular performance of 42% after touching its low of 28,765 points on August 16, 2019. Average volumes during 2019 settled at 159mn shares (-14.0%) while average traded value clocked in at USD 39mn (-39.5%)

Key reasons for rebound include:

  1. Stability in Exchange rate parity after touching a low of PKR 164/USD during June-19, PKR is now stable at 155 level

 

  1. USD 1,428mn foreign inflow in Treasury Bills

 

  1. Pakistan Investment Bond Yield came down by 286bps to 11.00% since touching its high of 13.86% during Jul’19

 

  1. 50% increase (Since Jun’19) in Foreign Exchange Reserves to USD 10.9bn, USD 3bn reduction in short term liabilities of the SBP

 

  1. First net inflow of USD 58mn from foreign investors was recorded after 4 years of outflows. (Outflows of USD 315mn during 2015, USD 339mn during 2016, USD 488mn during 2017 and USD 537mn during 2018)

 

  1. 73% YoY improvement in 5MFY20 Current Account Deficit

 

  1. The IMF cleared the first review of Pakistan’s Extended Fund Facility

 

 

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