menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Weekly review: KSE ends week, year with a bang

10 0
17.02.2025
The Karachi Stock Exchange (KSE) witnessed the traditional year-end rally to give a cheerful farewell to 2010. Despite late selling on the last trading day of the year, KSE-100 index registered an increase of 1.4 per cent to end the outgoing year at 12,022 points – its highest since July 2008. Overall, the benchmark index provided returns of about 28 per cent year-on-year. Foreign inflows for the week clocked in at higher levels with the net amount standing at $12.2 million, compared with just $5.5 million in the preceding week. The net inflow of foreign investments for the year tallied at an impressive $526 million. United Bank Limited (UBL) and Fauji Fertiliser Company (FFC) dominated discussions at the bourse during the week. Bestway Group’s acquisition of an additional 20 per cent stake in the bank encouraged positivity amongst investors, as did the disbursement of $633 million to the country as part of the Coalition Support Fund from the United States. FFC’s stock ticker continued to rise despite an explanation call........

© The Express Tribune Blog