KSE-100 rose this week, amid reports of progress in talks between Pakistan and the IMF. PKR depreciated further this week, as concerns rose over rising inflation and the current account deficit. Local gold prices rose slightly this week, in line with increasing commodity prices internationally.
The annual change in Sensitive Price Index rose to 14.48% vs. 12.66% last week. The poorest of the country (Q1) continue to bear the brunt of increased prices, with a change of 15.72% vs. 14.70% for Q5. On a weekly basis, prices rose for all quintiles by 1.38%.
What Else We’re Reading (Local)
What Else We’re Reading (International)
- With the COP26 climate summit about to begin, countries such as Russia, Saudi Arabia and India are resisting attempts to set stronger targets on cutting emissions. (Bloomberg)
- The Turkish lira has been steadily losing value, as the central bank continues to cut interest rates despite rising inflation. (FT)