Stock market awaits monetary policy, investment announcements

KARACHI: The benchmark KSE-100 index showed a slight recovery, on Wednesday closing at 45,590.92 points, showing an increase of 82 points.

Thursday saw the index continue with the stable momentum from the day before, posting a 73 points increase by midday to hover around 45,664.68 points.

The index is stable, but the investors remain cautious. Trading volumes have stayed stagnant around 45 million shares for almost the entire current week.

PSX posts mild recovery

Upcoming monetary policy, expectations of an interest rate hike as well as an increase in petroleum prices is keeping the pressures on investors. On the other hand, the expectation of investment from the UAE, recovering rupee against the US Dollar and the likelihood of upcoming initial public offers at the stock exchange is offering strength to the investor sentiments.

Put together, the benchmark index continues to maintain position with mild fluctuations.