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Paradigm shift at KSE? KSE-100’s performance last week had a strange similarity with Afridi's World Cup 2011 squad: just when you expected the ground to cave in completely, the prices, as did Pakistani team, bounced back. After posting a nearly 7 percent decline in the preceding week, KSE-100 made a modest comeback of 65 points last Monday, as foreign portfolio investors poured in $2.2 million on a net basis. But the striking movement was seen on Tuesday when the index soared by 319 points. The fact that the biggest single day jump since April 2009, occurred on a day when FIPI outflow was also at a multi-month high – of $3.8 million – begs further scrutiny.   In the last 294 trading days – Jan-2010 to date – only 61 sessions saw FIPI outflows. Out of those 61 days, 31 sessions saw the market fall, with an average of 113 points. Of the remaining, 23 days saw the market ...

The rising popularity of Islamic banking in Pakistan is providing the necessary impetus for the development of Islamic sovereign instrument market. In light of the growing deposit base with Islamic banks amid limited Shariah compliant investment avenues, the third Ijara Sukuk auction of the current fiscal year remained well-covered. The government raised a total of Rs47.5 billion, compared to the pre-auction target of Rs45 billion. The auction drew a bid-to-cover ratio (the value of bids received divided ...


Index Closing Chg%
Arrow DJIA 17,698.18 0.44
Arrow Nasdaq 4,880.23 0.42
Arrow S&P 2,059.69 0.40
Arrow FTSE 6,809.50 0.54
Arrow DAX 12,001.38 0.2
Arrow CAC-40 5,062.22 0.57
Arrow Nikkei 19,034.84 0.90
Arrow H.Seng 25,082.75 0.73
Arrow Sensex 28,260.14 1.08

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln