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 | 167,191.38 452.22M | 1.01% 1673.87 |
| ALLSHR | 99,572.56 854.13M | 1.14% 1123.80 |
| KSE30 | 50,589.37 258.13M | 0.84% 420.31 |
| KMI30 | 242,439.68 214.57M | 0.52% 1247.28 |
| KMIALLSHR | 65,152.10 464.27M | 0.90% 579.98 |
| BKTi | 45,989.68 77.65M | 1.01% 460.44 |
| OGTi | 34,428.33 15.83M | 0.36% 122.21 |
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|---|
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| BITCOIN FUTURES | 73,630.00 | 73,820.00 71,570.00 | 1340.00 1.85% |
| BRENT CRUDE | 94.26 | 98.26 94.20 | -1.66 -1.73% |
| RICHARDS BAY COAL MONTHLY | 105.00 | 0.00 0.00 | 0.10 0.10% |
| ROTTERDAM COAL MONTHLY | 104.00 | 105.70 104.00 | -2.70 -2.53% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 95.63 | 100.42 95.51 | -2.24 -2.29% |
| SUGAR #11 WORLD | 13.76 | 14.06 13.71 | -0.16 -1.15% |
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