Foreign investors fuel stock market recovery post-elections
MG News | March 01, 2024 at 03:19 PM GMT+05:00
March 01, 2024 (MLN): Pakistan stock market has staged a remarkable recovery after a post-election slump, thanks to strong foreign buying.
The benchmark KSE-100 index, which had dropped as much as 4,952 points or 7.7% in the aftermath of the national polls, has now erased all its losses and gained around 800 points since February 08, 2024.
Foreign investors acquired $19.89m worth of equities during this time.
Foreign corporates accounted for $18.46m of the net inflows, with a preference for commercial banks. They allocated the majority of their capital, $4.81m, in the sector, while divesting from the Technology and Communication sector, amounting to $2.36m in sales.
The foreign buying spree in February 2024 amounted to $25.76m. The cumulative net foreign investment in the equity market in the current fiscal year stood at $59.56m.

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|---|---|---|
| KSE100 | 186,739.46 310.23M | -0.38% -715.24 |
| ALLSHR | 112,831.49 768.65M | -0.32% -367.10 |
| KSE30 | 55,797.11 138.82M | -0.59% -333.29 |
| KMI30 | 263,642.82 94.93M | -0.77% -2045.94 |
| KMIALLSHR | 72,495.05 380.51M | -0.53% -383.04 |
| BKTi | 53,064.64 81.55M | 0.35% 186.00 |
| OGTi | 37,845.38 6.56M | -1.59% -611.15 |
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|---|
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| BITCOIN FUTURES | 63,245.00 | 64,770.00 62,925.00 | -640.00 -1.00% |
| BRENT CRUDE | 72.89 | 73.15 72.04 | 0.90 1.25% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -0.55 -0.52% |
| ROTTERDAM COAL MONTHLY | 119.15 | 0.00 0.00 | 0.15 0.13% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 69.35 | 69.63 68.58 | 0.80 1.17% |
| SUGAR #11 WORLD | 15.16 | 15.22 15.14 | -0.06 -0.39% |
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