The KSE100 Index closed at 70,657 losing 445 points, down -0.63%. (02 May 2024)
The KSE100 Index had lost 445 points today. In the last 4 trading sessions, it has lost over 2000 points, primarily on policy rates remaining elevated at 22%.
Despite that, or because of that, a good amount of ‘foreign corporates’ buying continues at PSX. Today, their net buying was over $2.4 million. Even ‘oversea Pakistanis’ were net buyers.
In the local investor category, all sold except insurance companies, but their net buying was less than $0.5 million.
The Market is generally pressured in its recovery mode when even mutual funds tend to be net sellers.
‘Other organizations’ (whoever they are) were major net sellers in the ‘local’ category with $1.6 million in net sale.
See Major gainers and losers today. Also table of Local Investors activity.
