PSX starts 2020 on a positive note, gains 10% in 2019

Following two consecutive years of losses, the Pakistan Stock Exchange poised for growth in 2019.

  • The Pakistan Stock Exchange (PSX)  has performed well as compared to the two previous years.
  • The KSE-100 index ended 2019 on a positive note with a return of 9.9% after posting up to an 8% loss in 2018 and 15% in 2017.
  • The Arif Habib Limited, Head Research, SamiUllah Tariq said last year the market attracted $1.428 billion through Treasury Bills.

PSX

Following two consecutive years of losses, the Pakistan Stock Exchange (PSX) performed well in 2019.

The Pakistan Stock Exchange has gained 10% returns in 2019.

Ended on a positive note

The KSE-100 index has performed well as compared to the last two years. The KSE-100 index ended 2019 on a positive note with a return of 9.9% after posting up to an 8% loss in 2018 and 15% in the year 2017. The market has gained 42% after touching its low of 28,765 points on August 16, 2019.

The Arif Habib Limited, Head Research, SamiUllah Tariq said last year the market attracted $1.428 billion through Treasury Bills.

First inflow after 4 years of outflows

Tariq also added, “First net inflow of $58 million from foreign investors was recorded after 4 years of outflows. During 2015, outflows of $315 million were recorded, $339 million in 2016, $488 million in 2017, and $537 million in 2018.”

The Pakistani rupee has also stabilized now at 155 against the US dollar after hitting an all-time low of 164 during June 2019. Similarly, foreign exchange reserves also escalated by 50% from June 2019 to $10.9 billion.


Also See:

KSE-100 Index May Hit 60,000 By 2021- JS Global Capital

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