Thanks to Bulls led by foreign institutional investors, the KSE-100 index crossed the psychological barrier of 30,000 points, again, yesterday, gaining 186.52 points (0.62 per cent) to settle at 30,044.89.
“Flows have overcome floods and political concerns,” asserted an analyst at brokerage KASB Securities to which all of the market concurred.
On Friday, foreign investors bought $8.34 million worth stocks taking the week’s inflow to $18.6m.
Foreign investors seized the opportunity to pick up blue-chip stocks at dips after the index had plunged by over 1,500 points post July.
