By Hamid Mahmood ISLAMABAD, April 19 (INP-WealthPK): Pakistan’s stock market stormed back last week (April 11-15) as political clarity came after days of uncertainty. The new coalition administration started working on the economy after Prime Minister Shehbaz Sharif was sworn in. The rupee quickly rebounded against the dollar, finishing at 181.4, a 3.6% gain. In addition, the country received record-high remittances in March, totalling $2.8 billion, a 28% rise over the previous month. According to WealthPK analysis, the KSE 100 index finished at 46,601.54 points, up 2156.96 points, (about 4.85%). On a weekly basis, the All-share index rose by 1206.48 points, the KSE 30 Index rose by 892.07 points, and the KMI 30 Index rose by 4321.01 points.

Index	Week Start	Week-End	Change	% Δ
KSE 100 Index	44,444.58	46,601.54	2,156.96	4.853145198
All Shares Index	30,369.28	31,575.76	1,206.48	3.972698727
KSE 30 Index	17,014.13	17,906.20	892.07	5.243112636
KMI 30 Index	71,717.81	76,038.82	4,321.01	6.025016659

Source: PSX/WealthPK research Stocks rose to their highest level in a single day on Monday, April 11, celebrating the end of a political crisis that threatened to damage the country's economy, with the rupee's amazing rebound. Due to a political climate that is now considerably less unpredictable than before and without a doubt retains the key to unlocking mood, the benchmark KSE 100 Index gained a stunning 1,700.38 points or 3.83% to settle at 46,144.96 points after achieving an intraday high of 46,215.54. Stocks gained additional ground on April 12, anchored in the prospects of economic stability, undaunted by a major pullout by international investors, as sentiments remained strong following the political shift. The KSE 100 Index increased by 262.30 points, or 0.57%, to 46,407.26 points. The index hit a high of 46,459.26 points and a low of 45,895.26 points during the trading day. Patient investors collected capital gains that hurt the index but not significantly on April 13, despite fresh economic concerns, following recent fantastic runs that left the market teeming with inflated values. To 46,165.50 points, the KSE 100 Index lost 241.76 points or 0.52%. Stocks rose on April 14, spurred by refineries, which are expected to report robust results next week, while the rupee anchored market attitudes. After touching a high of 46,510.11 and a low of 46,053.66 points, the KSE 100 Index finished up by 318.93 points, or 0.69%, at 46,484.43 points. Stocks closed the day higher on Friday, April 15, with modest gains as late profit-taking reduced early gains, while the rupee's steady rebound fueled expectations that the economy was on the mend. After reaching a day high of 46,785.34 and a low of 46,484.43 points, the KSE 100 Index finished up by 117.11 points, or 0.25%, at 46,601.54 points. [caption id="attachment_66221" align="aligncenter" width="696"] Source: PSX/WealthPK research[/caption] Because of the rising PSX, the Foreign Investors Portfolio Investment (FIPI) went out and acquired a share for $1.29 million throughout the week. Individuals bought up to $18.93 million in shares last week, followed by overseas Pakistanis who spent $3.45 million, and companies that spent $2.12 million. Mutual funds, on the other hand, sold off up to $9.89 million in stock, followed by insurance companies, which sold $7.76 million in stock. Brokers sold up to $3.63 million worth of stock. According to WealthPK, Arif Habib Limited's financial analyst Muhammad Irfan predicted that the market will continue bullish in the following week. With the start of the election season and more clarity on the political front, some industries and stocks are anticipated to remain in the spotlight. He also stated that he expects the rollover of Chinese loans worth $2.3 billion and IMF discussions to help strengthen Pakistan’s foreign reserves. Any drop in oil prices should have a beneficial influence on the stock market. Irfan said the banking sector (United Bank, Habib Bank, Meezan Bank, Muslim Commercial Bank, and Faysal Bank), petroleum (Pakistan State Oil, Oil & Gas Development Company Limited), automobile (Indus Motor), and cement industry (Lucky Cement, Fauji Cement) are among the most popular stocks for the coming week.