To that end, drawing such conclusions from only a limited sample of data is presumptuous. Copyright 2019 Pakistan Stock Exchange Limited. “There is a lot of liquidity too with funds shifting allocation from the fixed-income class to equities.”. Undoubtedly then, stocks will have their hands full in the coming months and. How Will the Election Affect the Stock Market? 1996, 2008 and 2020 are just three instances whereby external influences like the ballooning of the, Dot-Com Bubble, the Great Financial Crisis. Global stock markets have been on a wild ride in 2020 thus far, juggling the coronavirus and the various monetary and fiscal decisions central banks and governments have made in response. Negative Interest Rates - Can They Stimulate The Economy? PSX provides a reliable, orderly, liquid and efficient digitized market place where investors can buy and sell listed companies’ common stocks and other securities. Amtex Limited. A mixed trend was seen at the exchange on the second day of the week and trading continued to oscillate. volatility can be observed in the October VIX futures contract as it reflects the lead up to the election. The VIX Index tends to rise as the US presidential election approaches as investors hedge against potential downside risk that can arise from such a turbulent event. Dow Jones Forecast. Note: Low and High figures are for the trading day. Top 8 Forex Trading Strategies and their Pros and Cons. Data Source: Bloomberg. Find out more about the major currency pairs and what impacts price movements. it is difficult to say that Presidential elections are a positive development for equities. Gold: -0.38% Arif Habib, which has led two offerings this year, expects at least another five deals, Habib said. Silver: 0.15% Our guide explores the most traded commodities worldwide and how to start trading them. The KSE-100 Index plunged 2,375 points (6.59%) to 33,685 points against its recent high of 43,200 points on January 13, 2020. Karachi Stock Exchange Stock Forecast, Daily KSE Price Predictions of Stocks with Smart … After the index fell more than 4%, trading was halted on Monday and it was the fourth time it happened over the past two weeks. The appeal of momentum and valuation is luring companies to tap public funds. View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/gQnHmoLx2Q, Commodities Update: NYM WTI Crude 36.22 (-3.13%), ICE Brent Crude 37.79 (-3.35%), NYM NYH Gasoline 104.69 (-3.19%). FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365). The nation’s central bank has been among the most aggressive globally in cutting interest rates this year to cushion the economy amid the coronavirus pandemic. - policymakers favoured more bond purchases, others TLTRO and others a mix of both $EUR, Data from the last ten Presidential elections reveals the, Still, it is difficult to attribute any equity strength to an election singlehandedly as an infinite number of themes are at play in the market at any given time. U.S. Economy Expands at Record 33.1% Pace After Covid-19 Plu... Flashback to 2018 Lira Crisis Fuels Calls for Emergency Hike, ECB Signals December Stimulus Coming on New Virus Lockdowns, Bridging Finance Seeks to Raise Debt, Replace BlackRock Loan, Pakistan’s key index is up 36% since March after rate cuts, Tundra Fonder, FIM Partners boost allocation to Pakistan. Pakistan Stock Exchange Daily Market Summary and Tips « Prev. However, he appreciated the Sindh and federal governments' steps to contain the spread of coronavirus. Tundra Fonder AB, the Stockholm-based money manager known for its early bet on Pakistan, said the nation has the largest allocation in its frontier fund. By . Warren Buffett's reputation as an oracle of investing has taken quite a … Pakistan had two company listings in July. "It will be difficult for our economy to survive if SBP does not reduce policy rate today," he remarked, adding that like in other economies of scale, the Pakistani government should announce a stimulus package to strengthen the economy. Diversity in CEO's From The FTSE 100 Companies. Consequently, the saying that ‘past performance is not indicative of futures results’ is very apt for circumstances such as this where statistics cannot assure better equity performance than a non-election year. While it may feel like the election and its social implications can take over everyday life, what impact has it had on the stock market in the past? “There is a hanging sword of a second wave,” Haroon Ahmad Khan, Chief Executive Officer at Waves Singer Pakistan Ltd., a producer of fridges, washing machines and deep freezers, said at a briefing. Pakistan’s benchmark stock index has jumped 52% since March, beating runners-up Vietnam and India, and gaining twice as much as China. As displayed in the graph above, some years are dominated by themes other than the Presidential election. That being said, there are a few caveats for which we must account. Pakistan stock market slips 3.17% to close at 32,616 points despite policy rate cut forecast . With increased volatility to boot, these moves could see their magnitude increased regardless of direction, especially as trends in seasonality exacerbate election uncertainty. For over 60 years, the Exchange has facilitated capital formation, serving a wide spectrum of participants, including individual and institutional investors, the trading community and listed companies. It should give tax relief to the corporate sector for the long-term benefit of the country. The nation faces the risk for a resurgence in infections, which can stall economic recovery. Wall Street: 0.86% Record 200 Days With No Local Case Makes Taiwan World’s Envy, City Locked Down for Three Months Has Bleak Lessons for the World, S&P 500 Tumbles in Worst Stock Rout in Four Months: Markets Wrap, U.S. Economy’s Path Less Certain After Record Quarterly Growth, Stocks Rebound From Rout Ahead of Tech Earnings: Markets Wrap. Suffice it to say, 2020 has proven to be anything but ordinary and external factors like trade wars, monetary policy and the pace of the pandemic recovery may all have varying degrees of influence over the stock market. That has reduced the double-digit returns from fixed income and bolstered the bullish case for equities.