First half of the year, positive for investments

Kosovo Pension Savings Trust (KPST) closed the first half of the year 2013 in positive values. Gross return from investment for this period is around 17 million Euro, or 2.1%. As a result, the share price in the end of the first half of the year was 1.1405 Euro, raising from 1.1170 Euro what was in the end of 2012.

Different from first quarter of the year, when the investments resulted with positive return each month, in the second quarter significant oscillations were experienced. Global financial markets continued to be mainly in positive values until the sixth month, when a series of negative events appeared.

While in developing countries the economic growth lost its rhythm of growth; in the European Union several countries showed again the need for financial support, just as the data for the economic growth and unemployment continued to be unsatisfactory, whereas in USA the statement of Chief of FED that the fiscal assistance are not expected to last for any longer, shocked the financial markets.

Nevertheless, the fact that the half of this year is closed positively is encouraging for investments of KPSF, same as the first signs of the second half which may be considered as first signs but not final of a positive trend of financial markets.