KARACHI: After closing the week in green, with the benchmark KSE-100 Index gaining 567.2 points (+1.29 percent), Pakistan Stock Exchange (PSX) is likely to follow trend in global equity markets in the week starting today (Monday) amid geopolitical developments centring on Russia. The market staged a recovery last week after shedding over 2,100 points in the preceding fortnight mainly due to the government’s relief measures, including cut in petrol and diesel prices by Rs10 a litre and electricity tariff by Rs5 per unit until June, and announcement of another amnesty scheme to bolster industrial investment. However, tensions between Russia and Ukraine trimmed overall gains amid concerns over crude oil prices and supply chain disruption. Furthermore, the trade deficit rose to $32 billion, increasing 82 percent during July-February 2021-22 and inflation rose over 12 percent YoY, which kept the index under pressure as well. TLTP
