US
MSCI review, Moody’s rerating and IPOs pushed index near all-time high.
Banking and cement sectors led the gains while foreign buying picked up.
Proposed CGT hike and banking sector weighed on gains from the rate reduction
GIDC bill and proposed CGT hike also kept the market under pressure.
Terrorist attack in Karachi and budgetary concerns also dampened interest in market.
S&P’s upgrade of economy and CPI numbers failed to make too much of an impact on the bourse.
Landmark Chinese investment, banking sector rally fuel gains
Banking sector also performed strongly after HBL’s successful SPO.
Oil and cement sectors led the gains while HBL SPO received great response
Index fell 1,300 points before gaining 2,765 during eventful week.