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KSE index surges 12 percent in August due to foreign investment.
Byline: RECORDER REPORT
The KSE-100 index surged by 12 percent in August 2009 mainly on the back of strong interest of offshore investors as foreign buying increased to 17-month highest of $95 million. The month of August brought some good news for Pakistan stock exchanges as they witnessed foreign buying of $95 million.
An inflow of $24 million was recorded only on the last day of this month. Last time, in February 2008, KSE saw buying of $143 million when the market was trading in the band of 14000-15000 points, Muhammad Sohail, leading analyst and CEO of Topline Securities said.
"Thanks to the IMF release of pending instalment and approval of additional …
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