daily check
Index experienced a subdued week, declining by xxpts (xx%WoW). Additionally, trading volumes also stood lower, reaching xxmn shares for the week (down xx%WoW). Overall, the incidence of futures rollover, coupled with it being the last week of the fiscal year contributed to the lack luster performance. Furthermore, several important data points came in during the week, including a CAD of US$270mn, below expectations of a slight positive balance. This was due to the SBP acting swiftly to clear the backlog of overdue outward dividend repatriations, impacting the balance negatively. Additionally, monthly FDI clocked in at US$271mn (up 95%YoY), taking 11MFY24 FDI to US$1.73bn (up 15%YoY). Moreover, the week saw news emerging about the IMF disapproving certain concessions not addressed in the Federal Budget. Additionally, the lending authority also disapproved the PM's scheme provided to the industrial sector. Friday saw the finance minister presenting the finance bill to the NA with sev