AGL 38.50 Increased By ▲ 0.93 (2.48%)
AIRLINK 131.40 Decreased By ▼ -1.10 (-0.83%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.83 Increased By ▲ 0.06 (1.59%)
DCL 8.68 Decreased By ▼ -0.19 (-2.14%)
DFML 40.75 Decreased By ▼ -0.25 (-0.61%)
DGKC 89.01 Decreased By ▼ -1.15 (-1.28%)
FCCL 35.21 Increased By ▲ 0.13 (0.37%)
FFBL 66.48 Decreased By ▼ -0.02 (-0.03%)
FFL 10.45 Increased By ▲ 0.30 (2.96%)
HUBC 109.63 Increased By ▲ 3.23 (3.04%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.83 Decreased By ▼ -0.03 (-0.62%)
KOSM 7.02 Increased By ▲ 0.17 (2.48%)
MLCF 42.40 Increased By ▲ 0.60 (1.44%)
NBP 59.25 Increased By ▲ 0.67 (1.14%)
OGDC 183.80 Increased By ▲ 2.55 (1.41%)
PAEL 25.55 Decreased By ▼ -0.15 (-0.58%)
PIBTL 5.91 Increased By ▲ 0.08 (1.37%)
PPL 147.50 Decreased By ▼ -0.90 (-0.61%)
PRL 23.50 Increased By ▲ 0.28 (1.21%)
PTC 16.58 Increased By ▲ 1.34 (8.79%)
SEARL 69.48 Increased By ▲ 0.69 (1%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.70 Decreased By ▼ -0.30 (-0.83%)
TPLP 7.50 Increased By ▲ 0.10 (1.35%)
TREET 14.13 Decreased By ▼ -0.11 (-0.77%)
TRG 50.80 Decreased By ▼ -0.05 (-0.1%)
UNITY 26.87 Increased By ▲ 0.47 (1.78%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,810 Increased By 42.5 (0.43%)
BR30 29,784 Increased By 384.5 (1.31%)
KSE100 92,322 Increased By 383.6 (0.42%)
KSE30 28,826 Increased By 82 (0.29%)

US fund investors edged into stocks for the first time in four weeks, treating concern over the Iranian nuclear deal and Chinese-US trade tensions as a buying opportunity, Investment Company Institute (ICI) data showed on Wednesday.
Stock funds took in $2 billion during the week ended May 9, according to the trade group's data, which covers mutual funds and exchange-traded funds (ETFs) based in the United States. During that week, investors grappled US President Donald Trump pulling out of an international nuclear deal with Iran, raising the risk of conflict in the Middle East and casting uncertainty over global oil supplies.
Meanwhile, China and the United States remained at odds over key aspects of their trade dispute. Talks between the countries are resuming this week. "This is becoming a very complicated market environment," said Kristina Hooper, global market strategist at Invesco Ltd. "We have all these geopolitical risks, and the geopolitical landscape continues to change almost daily."
Hooper said volatility is likely to persist through 2018 not merely because of the international political environment but also because of lingering questions about how the Federal Reserve will respond to inflation and whether rising US interest rates force investors to pull back from stocks.

Copyright Reuters, 2018

Comments

Comments are closed.