Good Morning,
In continuation of my previous posts, I would like to shed like on PSX briefly. Pakistan stock exchange (PSX) has been still going through worst days and the stock is being continuously on the downtrend and bears are dominating. Main reasons are:
- Country's ongoing worst political instability
- FATF grey list case
- Inflation
Source: psx.com.pk
However, during last couple of days, market has bounced back after some good news regarding FATF grey list and it is expected that country may be exempted and thus market gained points with good increasing volume as well.
Here is the current stats of the KSE100 Index.
Source: psx.com.pk
It is being predicted that market will continue its uptrend in the coming week but investors are advised to be extra vigilant and cautious as currently market is very volatile...
****Disclaimer: I am not a financial advisor. This post is for information purpose only and I will not be responsible for any kind of of capital loss on any investment.****
Regards,