Finance

KSE decreases 606pts during this week

Karachi, October 19, 2019: During the week, the KSE-100 index decreased by 606 points (1.76 percent WoW) and closed at 33,870 points index level.

The declining trend in market was owing to Political instability in the country as opposition March call is gaining momentum as they are going to organize in the last week of October.

In the recent IMF publication, forecast of GDP growth and inflation remained same as last forecasted levels of 2.4 percent and 13 percent for FY20 respectively, indicating interest rate to be unchanged in short term.

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