Monetary Side

Time To Be Greedy

The Karachi Stock Exchange (KSE-100) Index fell 3.94 percent to close at 34,519.77 points amid falling Asian currencies, record low oil prices and foreign fund manager’s outflow over the week end, and further shed 1,419 points to settle at 33,100 points on Monday, August 24th, 2015.

Despite better-than-expected results and dividend announcements for the quarter ended June 2015 by the blue-chip companies, market sentiments turned bearish amid uncertainty.

Given strong fundamentals of the companies, we remain optimistic about the stock market and are of the view that people who invest in Stock Funds now will be the biggest beneficiaries once this downward trend reverses.