By Hamid Mehmood ISLAMABAD, April 05 (INP-WealthPK): The market had an exciting last week (March 28-April 1), as both the government and the opposition attempted to rally support in the wake of the vote of no-confidence against Prime Minister Imran Khan. Financial experts feel the market has essentially absorbed the aforementioned, which, together with a drop in international oil and coal prices has re-energized the bulls as inflation fears fade. Despite some swaying in the minority party support in the middle of the week, the market concluded at 45,152 points, up 1,600.97 points (or 3.67%) according to WealthPK research. The All-Shares Index (995.55), the KSE 30 Index (580.81), and the KMI 30 Index (3148.68) all rose in value on a week-on-week basis.
| Index | Week Start | Week-End | Change | % Δ |
| KSE 100 Index | 43,551.14 | 45,152.11 | 1,600.97 | 3.67607 |
| All Shares Index | 29,859.99 | 30,855.54 | 995.55 | 3.33406 |
| KSE 30 Index | 16,657.48 | 17,238.29 | 580.81 | 3.48678 |
| KMI 30 Index | 70,090.59 | 73,239.27 | 3,148.68 | 4.4923 |
Source: PSX/ WealthPK Research[/caption]
Last week, the Foreign Investors Portfolio Investment (FIPI) realized a profit of up to $15.55 million by selling its shares. Foreign corporations sold their shares for $15.38 million, the greatest amount of money made this week, followed by Mutual Fund with $5.22 million and insurance companies with $2.27 million. Banks bought up to $15.70 million worth of stock, followed by individuals who bought $7.49 million worth of stock. Other organizations bought shares worth up to $1.40 million.
According to financial experts, with the no-confidence vote against Prime Minister Khan on Sunday, political unrest is anticipated to subside. Furthermore, with the ongoing peace talks between Ukraine and Russia, commodities prices are projected to fall further.
The banking sector (United Bank, Habib Bank, Meezan Bank, Muslim Commercial Bank, and Faysal Bank), petroleum (Pakistan State Oil, Mari Gas, Oil & Gas Development Company Limited), automobile (Indus Motor), and cement (Lucky Cement, Fauji Cement) industries are among the most popular stocks for the next week.