KARACHI: Strong auto sales and increased remittances renewed investors’ interest in the equities market, leading to value-hunting that pushed the KSE 100 index above 112,000 in the outgoing week.

This marks a recovery after a three-week losing streak, despite bearish performances in the last three sessions due to political noise and reciprocal tariffs imposed by Donald Trump on US allies and competitors, which heightened concerns about a potential global trade war.

The market opened the week with a spectacular rally on Monday after the State Bank of Pakistan released remittances data, showing a surge of over a quarter to $3 billion in January. The total inflows rose by $5bn or 31.7pc to $20.8bn during July-January FY25 compared to $15.8bn in the same period last year.

According to Arif Habib Ltd (AHL), the market started positively as Pakistan successfully met three of the five key fiscal conditions set by the International Monetary Fund (IMF) for the first review of its 37-month $7bn Extended........

© Dawn Business