KSE-100 remained flat as investors booked profits after a short rally. PKR lost value slightly as trade deficit for FY 2021 rose by 34%. Local gold prices continued to fall marginally in line with international prices. KSE-100 rose during the week and then fell slightly as investors booked profits after a short rally. Foreign investors also remained net sellers in the market. PKR lost value slightly as the trade deficit for FY 2021 rose by 34% compared to last year’s low base. This is despite goods’ exports setting record monthly and annual highs. While exports were up 18% from last year’s low base, imports were up 26%, putting pressure on the exchange rate. Local gold prices continued to fall marginally in line with international prices.
Annual change in Sensitive Price Index fell to 13.31% vs. 15.29% last week. Poorest of country (Q1) were disproportionately affected with change of 16.7% .On a weekly basis, prices rose for all quintiles by 0.53%. The annual change in Sensitive Price Index fell to 13.31% vs. 15.29% last week. This was in line with changes in the Consumer Price Index (a measure of inflation), which fell below 10% for the month of June. However, the poorest of the country (Q1) continued to be disproportionately affected with change in prices of 16.70% vs. 12.53% for Q5. On a weekly basis, prices rose for all quintiles by 0.53%.
. What Else We’re Reading (Local)
What Else We’re Reading (International)