By Hamid Mahmood ISLAMABAD, Nov 08 (INP-WealthPK): Trading activity remained shaken this week. The KSE 100 Index starts to decline and ends with recovery. The benchmark index closed at 44821.53 points, up by 487.85 points, or 1.08%. On Wednesday, it turned into a bloodbath and on Thursday, bulls dominated. After four weeks of bleeding, the benchmark Index closed in the green. Investors resorted to panic selling early in the week due to a lack of clarity on the IMF package's continuance, as well as other domestic and geopolitical problems. Following encouraging news from the finance minister that the IMF's extended financial facility will be resumed, the KSE-100 index had two quick back-to-back bull runs. Stocks plummeted on Monday, hitting a six-month low, as investors fretted about increasing oil and electricity prices, which are regarded as stoking inflationary flames down the road. The benchmark index on the Pakistan Stock Exchange (PSX) fell 647.89 points, or 1.46 per cent, to settle at 43829.35 points on the opening day of the week, as foreigners continued to sell equities uninterrupted. Investors were waiting for major security decisions as well as corporations to disclose their results this week, so stocks finished flat on Tuesday after a turbulent activity. The benchmark KSE 100 index managed to close in the green with a rise of 53.73 points, or 0.12 per cent, at 43883.08 points on Tuesday, after carnage in the first half. Because of broad-based value purchasing, this benchmark index mostly recovered its losses by the end of the day. Shares that were trading at a steep discount were picked up by investors. On Wednesday, stocks sank more than 1% as persistent foreign selling of blue chips and fears about slower economic growth dampened investor demand for risk assets. PSX suffered another massacre on Wednesday, with the benchmark index falling 661.30 points to 43221.78 points amid political turmoil. Stocks rose 2.57 per cent on Thursday as investors sought bargains in a damaged market as political concerns abated, but the outlook remained bleak owing to inflation and rising oil costs. The PSX was dominated by bulls, with the benchmark KSE-100 index rallying 1111.90 points to close at 44333.68 points. On Thursday, stocks climbed 2.57 per cent as investors sought bargains in a battered market as political concerns faded, but the outlook remained grim due to inflation and rising oil prices. Bulls dominated the PSX, with the benchmark KSE-100 index rising 1111.90 points to 44333.68 points. The KSE-100 index finished the day at 44821.53 points, up 487.85 points or 1.1 per cent. PSX Indices Weekly Performance

Index	Current	% Δ
KSE 100 Index	44821.53	1.08
All Shares Index	30,770.14	0.86
KSE 30 Index	17,521.47	1.01
KMI30	72,064.57	1.64

Source: PSX Source: PSX Because of the strengthening of the dollar, foreign investors who sold their shares made a profit of up to $9.38 million. This week, an overseas Pakistani purchased 21.96 million dollars’ worth of stock, which is exceptional. Insurance firms have purchased 9.83 million dollars’ worth of stock. Banks additionally provide S2.59 million in the form of buying. A massive sale of $31.26 million has been announced by a foreign firm. Individuals can sell up to $4.19 million worth of stock. This week, companies and brokers are selling up to 2.72 million and $0.68 million. It is anticipated that the market to be upbeat in the next week as a result of the completion of discussions with the IMF programme for the 1 billion-dollar sixth tranche. Furthermore, a decrease in the new coronavirus infection rate in Pakistan and a drop in world oil prices would relieve external account pressure. Current macroeconomic worries, such as increased imports, stronger inflationary readings as a result of rising petroleum costs, and currency pressure, may keep the market range-bound. In tandem, we expect the market to do nicely. While recent index selling has loosened up valuations once again, we encourage investors to cherry-pick blue-chip firms with a long-term view. Regional instability and the resulting security concerns, as well as PKR devaluation, are two key short-term threats.