KSE-100 fell marginally this week, with equity markets around the world showing mixed trends. PKR appreciated this week, due to a dip in international oil prices earlier in the week. Local gold prices rose this week.
The annual change in the Sensitive Price Index rose to 15.86% vs. 15.42% last week. The poorest of the country (Q1) experienced a change of 13.29% vs. 17.02% for Q5. On a weekly basis, prices rose for all quintiles by 0.43%.Increase in prices of Tomatoes (+42.9%), Onions (+13.1%) and Chicken (+2.02%) contributed to weekly inflation. A fall in the price of Wheat (-9.96%) and Sugar (-1.04%) helped moderate inflation this week.
What Else We’re Reading (Local)
- Punjab’s sugar mills, which are owned by some of the most influential people in the country, owe cane growers more than PKR 21 billion. (Profit)
- The Federal Shariat Court issued a ruling this week that interest-based banking in the country must be eliminated by December 2027. Can they have a word with the IMF about our foreign interest payments too? (Dawn)
What Else We’re Reading (International)