KARACHI: The Pakistan Stock Market continued its yesterday bearish trend on Thursday.
Despite positive indicators and a 200 basis point reduction in the interest rate to 13% by the central bank, the KSE-100 index dropped by 1.07%, standing at 109,879.39 at 11:30am.
Earlier in the day, the market reached a high of 111,745.02 but later fell to a low of 108,398.42 during intra-day trading.
Trading volume reached 183,992,732, indicating a relatively active session.
Pakistan Stock Market’s bearish trend also continued on Tuesday. The previous day’s close was recorded at 111,070.29, and the market’s value stood at 18,542,601,570.
Although the market reached its peak earlier, the negative movement raised concerns among investors, with the overall decline amounting to 1,190.90 points.
The PSX had begun the week on a positive note, with the KSE-100 index briefly surpassing 117,000 points, marking a historic high for the market.
Also Read: Non-filers to be restricted from opening bank accounts, buying property
Meanwhile, Foreign Direct Investment (FDI) in Pakistan continued its upward trajectory in November 2024, with net inflows reaching $219 million, marking a 27 percent increase from $172 million in the same month of FY24.
The total FDI inflows for November 2024 amounted to $383 million, reflecting a significant 72 percent growth compared to $222 million in November 2023. However, outflows also saw a sharp rise, reaching $164 million, which is up 229% from the $50 million recorded in the same month last year.
The net FDI inflows increased 31 percent on the year to reach $1.12 billion during the five months of FY25 (5MFY25), compared with $856 million for the same period of FY24.
China was the top contributor, with FDI inflows of $469 million, followed by Hong Kong at $116 million, the United Kingdom at $113 million, Switzerland at $67 million, and Canada with a contribution of $65 million.
