However, the rising Covid-19 cases as well as oil prices are factors that could keep market performance in check. One of the other positive points for the PSX this week is that the benchmark KSE-100 Index shed 2.049.27 points last week due to political instability, as the market opened at 45,837.35 points on Monday last and closed at 43,788.08 points on Friday last. This huge difference of over 2,000 points is despite the fact that the PSX turned bullish on Friday last with the benchmark KSE-100 Index gaining 1,008.32 points. The banking sector, which is the largest sector in terms of market capitalisation in the PSX, will be in the limelight this week as the closing period for a dividend payment of many banks will occur this week. The benchmark KSE-100 index of the PSX is currently trading at a PER of 6.7x (2021) compared to the Asia Pacific regional average of 17.4x and while offering DY of 7.1 per cent versus 4.5 per cent offered by the region.

Source: Pakistan Today March 14, 2021 15:11 UTC