On Monday, for the first time ever, Pakistan Stock Exchange (PSX) 100-index crossed the 41,000 points mark as the index surged by 473.55 points.
As reported yesterday, the interest from Shanghai Stock Exchange in PSX also positively influenced the market and led to PSX’s price to rise up. The story was first made public by a Japanese-based newspaper, Nikkei. However, the Chinese are yet to make an official statement.
Moreover, 17 companies have shown interest in buying shares of Pakistan Stock Exchange, reported a PSX member, which could lead to further improvements.
During the month of September heavy participation continued in mid-tier stocks, with volumes for KSE-All share touching its decade high of 560 million shares.
Foreigners pulled out of the market and sold their equities which were worth $41.3 million compared to $20.4 million in August of this year. The total figure of equities withdrawn was $8.6 million for this week alone.
The AKD Securities claimed that, “going into October 2016, political risk is likely to come into play where any flare-up both at home and across the border can exert pressure.”