US
Improvement in forex reserves and lower inflation aided the index’s growth.
Benchmark 100-share has gained 9,472 points or 58% since January.
Fertiliser and textile sectors help index reach greater heights.
The index breached 25,000 points before profit-taking clipped its gains.
Announcements of army chief and investment schemes were the highlights of the week.
Investors positively surprised after SBP raised rate by only 50 basis points.
Investors chose to book profits ahead of discount rate hike.
Strong foreign buying and positive sector-specific news contribute to market’s growth.
Foreign buying remains healthy, but inflation dampens investor sentiment.
Significant foreign investment leads to an increase of 3.9% in index.