KSE-100 rose marginally this week due to positive news from SBP and OGRA.PKR again depreciated slightly this week in relation to USD. Local gold prices remain unchanged from last week. After a few weeks of anemic growth and decline, the KSE-100 rallied this week as the State Bank received USD 1 billion through Eurobond sales, taking foreign currency reserves to a four-and-a-half year high. The increase in fuel prices also led to greater stock buying in oil sectors. PKR depreciated again this week, as tensions in neighboring Afghanistan escalate. Local gold prices remained unchanged from last week.
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