The KSE 100 receives battering owing to confluence of issues such - TopicsExpress

The KSE 100 receives battering owing to confluence of issues such as - Probable strikes by US air craft carries inside Syrian territory; this could induce oil prices since Straits of Hurmuz is the main oil supply route where conflict is to about brew; - Probable food inflation and now cost push inflation could induce SBP to reverse benchmark interest rates from 9% -Rupee is losing value against Dollar and is now at Rs 104 in open market; Rupee could exceed our forecast of Rs 110 which would again be instrumental in creating cost push inflation - Any probable reversal in interest rates means downgrading earnings forecast.

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