Pakistan Market and Economic Indicators: KSE-100 Advances, Inflation Cools, Remittances Rise

Mettis Global’s November 14 compilation of Pakistan’s market and economic indicators showed that the KSE-100 reached 177,873.88 on November 13, compared with 173,886.69 a week earlier. Karachi gold was priced at Rs352,911 per 10 grams, down from Rs367,914, while the interbank rupee rate stood at 276.6036 per dollar versus 276.6609.

The data also recorded October year-on-year CPI inflation at 9.61%, below September’s 10.26%, while the trade deficit widened to USD3,877 million from USD3,515 million. Home remittances rose to USD3,891.93 million in October from USD3,587.81 million in September, and total foreign exchange reserves were USD26,838.70 million on November 6, compared with USD26,864.50 million a week earlier.

The compilation also recorded that six-month KIBOR eased to 12.44% from 12.57%, and the listed T-bill cutoff yields were lower across the 1-, 3-, 6-, and 12-month tenors than at the previous auction. The compilation further showed a 12.00% SBP policy rate, against 11.50% in the earlier comparison date.

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