Markets ended lower on the last trading day of the week as turmoil in the international markets was reflected in KSE. Net outflow of $1.936 million was witnessed in the equities on Friday.
Further, increasing tensions with America on the issue of Haqqani network is a source of concern for investors, however, the army called an extraordinary corps commander meeting on Sunday where a source privy to discussions at the conference revealed that de-escalation efforts were afoot.
The government has lowered the GDP growth target for FY12 from 4.2% to 3.5% following an estimated loss of 2.5 million cotton bales in Sindh by recent floods
No comments:
Post a Comment