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.

Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 178,198.07 119.42M | 0.04% 74.50 |
| ALLSHR | 107,833.26 296.20M | -0.08% -87.27 |
| KSE30 | 53,269.14 37.27M | 0.20% 105.54 |
| KMI30 | 251,262.45 58.00M | 0.21% 516.31 |
| KMIALLSHR | 69,174.61 186.13M | -0.13% -92.78 |
| BKTi | 50,605.68 9.73M | 0.15% 75.28 |
| OGTi | 35,229.36 2.73M | -0.38% -134.25 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 62,715.00 | 64,350.00 62,690.00 | -1670.00 -2.59% |
| BRENT CRUDE | 84.59 | 85.50 83.71 | 0.36 0.43% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -0.15 -0.14% |
| ROTTERDAM COAL MONTHLY | 118.60 | 0.00 0.00 | -1.20 -1.00% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 78.88 | 79.58 77.93 | 0.60 0.77% |
| SUGAR #11 WORLD | 14.52 | 14.54 14.39 | 0.08 0.55% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Real Effective Exchange Rates Indices