08292016Mon
Last update: Mon, 29 Aug 2016 11pm

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Land reforms keep popping up in drawing room conversations. But for a host of reasons the impact of Pakistan's yesteryear land reforms still appears unclear, which makes it difficult to have an informed discourse on the subject.
How long will see this see-saw movement continue at the Karachi Stock Exchange? The short answer is: as long as it takes to build enough momentum for the benchmark index to break through its recent highs.
It would be a surprise if Pakistan where spending on health is miniscule is among the countries that the best ones to age in. Global AgeWatch Index has released its 2014 rankings for 96 countries studying the situation of older people on the world, and Pakistan stands at number 91.
In the oil world, geopolitical risks seem to have taken a backseat - at least for now - and the focus is shifting to the growing crude oil surplus. Crude oil prices have slithered to a multi-year low. In 2014 so far, West Texas Intermediate (WTI) is around four percent down, whereas Brent crude oil has slipped by 12 percent in the same period.
As expected, September inflation clocked in on the higher side, closing in at 7.68 percent year-on-year. Having touched a 14-month low in August, the low base effect was expected to push CPI slightly higher. CPI in the first quarter has averaged 7.6 percent, well within the FY15 estimations of 8-8.2 percent.
Taking cue from politics, even perception surveys seem to be protesting against the country's economic management.
Mutual funds are bouncing back. Keeping aside commodity funds, each mutual fund category landed in the greens in September 2014. Recall that the preceding month turned out to be a dull period, where all categories of mutual funds (excluding fixed income funds) yielded negative returns.