Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

ASPI grew marginally during the week thanks to Friday rally

Stock MarketOct 22, 2023
ASPI grew marginally during the week thanks to Friday rally

ASPI was up by just 0.40% for the week ending 20th Oct 2023, where the first three days index fell by 2.4%. However, the index jumped by 2.5% Friday with positive news insight into the investment opportunities promised by Chinese companies.

Meantime, Pakistan’s key stock gauge rose to a six-year high on Friday amid optimism that the strengthening currency may help ease inflationary pressures. The rupee has rebounded about 10% from a record low in September and is the best-performing currency among those tracked by Bloomberg.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.