Overview
- KSE-100 rose 496.11 points, or 0.31%, to 159,592.90 on Nov. 7 after the SBP reported $3.4 billion in October remittances, up 7% month on month and about 12% year on year.
- Earlier in the week, the index dropped 1,703.58 points on Nov. 5 to 159,578.19 and slipped another 481.40 points on Nov. 6 to 159,096.79 as profit-taking persisted.
- Foreign investors were net sellers of Rs594.5 million on Friday, according to NCCPL, extending a streak of outflows.
- MSCI’s latest review adds Meezan Bank, Bank of Punjab and Askari Bank to the FM Standard Pakistan index effective Nov. 24.
- Friday turnover reached 768.8 million shares with Rs30.7 billion in value, led by First National Equities and Bank Makramah.