Islamabad: According to recent data compiled by Bloomberg, Pakistan’s KSE-100 index fared as the second-best stock exchange meter performer, globally, in July, a news source reported on August 3. Although the index was seen to drop to its lowest point for 2020 in March, it thereafter recorded a 47% spike in total investments volume; with its listed stocks going on to recover all the losses accrued in the wake of the coronavirus situation incumbent within the country.
Sources have revealed that July 2020 was the best performing month in 17 years. The Arif Habib Ltd report indicated that KSE-100 index improved due to several reasons. These included the rate cuts by the State Bank of Pakistan (SBP), improvement in local coronavirus situation, stability of the PKR-USD parity, end of coronavirus lockdown, restoration of pre-corona market hours, and monetary support from multilateral institutions. The report added that these factors supported volumes and attracted investment to the market.
