KSE-100 fell this week because, in case you missed the news, we didn’t have a government for five days. PKR depreciated slightly this week, as the Supreme Court verdict and SBP policy rate increase stemmed a further drop. Local gold prices rose this week.
The annual change in Sensitive Price Index rose to 17.87% vs. 16.79% last week. The poorest of the country (Q1) experienced a change of 16.13% vs. 18.47% for Q5. On a weekly basis, prices rose for all quintiles by 1.53%.
What Else We’re Reading (Local)
What Else We’re Reading (International)
- If our currency survives, consider visiting Thailand, where the government has relaxed Covid-19 rules in an effort to boost tourism (Bloomberg)
- Ketanji Brown Jackson was confirmed this week as the first black woman to serve on the US Supreme Court. (FT)