Karachi, November 19, 2021 (PPI-OT): View from the desk

The KSE-100 Index remained in the positive trajectory due to the market consensus of an increase in interest rate by 100bps and investors’ interest mostly inclined to the banking sector. The KSE-100 index closed up by 379 points. The market will witness roll over week next week. Going forward, we believe participants will continue to await clarity on IMF program.