PSX performances in last week

During the week, the KSE-100 Index increased by 411 points (1.30% WoW) and closed at 32,033 points. The market remained volatile during the week however some recovery in the market fueled by the government measures to tackle COVID19 pandemic in the country. In this regard the government has announced the stimulus package of PKR1.2trillion and started dialogite with IMF for an additional amount of USD 1.4bn under the rapid financing instrument (RFI) facility, the meeting for which has been scheduled on the 16th of April. It is highly anticipated that the request for the funds will be approved and to provide the financial support to combat the COVID-19. Moreover, IMF is also considering to defer the principal/interest amount collection from the worst effected countries by the COVID-19.

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