Barometers hit day s high; NSE VIX drops 3 30%
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Benchmarks trade firm; breadth remains positive
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Consumer Price Index Rises 6 26% In June, Food Price Inflation Stays Elevated
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Daily Times
May 3, 2021
The Pakistan Stock Exchange (PSX) is unlikely to escape the bumpy ride this week and stocks are at a major risk of underperforming on back of rising coronavirus cases, lockdown fear, reduced business timing, and extended Eid holidays starting this weekend, besides political instability.
Another factor that can put pressure on stocks is an increase in the Consumer Price Index-based inflation, which surged by 11.1 percent on a year-on-year (YoY) basis in April 2021 as compared to an increase of 9.1 percent in the previous month. On a month-on-month basis, it increased by 1.3 percent in April as compared to an increase of 0.3 percent in March.