Pakistan stock and money markets’ pundits, who are believed to be the heavyweights and trendsetters, appeared cautiously optimistic regarding extension in the slight recovery seen in closing hours at the domestic asset markets over the weekend — Friday. Earlier, the stock market crashed again and again and got temporarily suspended three times during the outgoing week as per the laws. This has never happened in the history. Similarly, the rupee lost against the US dollar for the first time in the past eight months. The outgoing week saw the KSE-100 dive 2,159 points or 5.65% to finish at 36,061. Arif Habib Limited Chairman Arif Habib and AKD Group Chairman Aqeel Karim Dhedhi said new cases of the virus-infected people could continue to emerge around the globe, including Pakistan. They, however, see return of positive trend on Monday and onward. “The stock market may see positive trend on Monday while rupee would fluctuate but maintain around the current level,” Habib anticipa...
Comments
Post a Comment