‘Investment led boom in local stock market’

KARACHI: The stock market has attracted about $225 million during one and a half month and more foreign investment will flow in to further push up KSE 100-Index in times to come, market sources said Thursday. They said that there is hardly any leverage buying in the market and trading was carried out purely on investment basis. Foreign and local investors have returned to Pakistani capital market as they see good return on their investment. “The rising foreign exchange reserves, and expected cut in interest rates and cash reserve ration (CRR) and positive expectations from Friends of Democratic Pakistan (FoDP) meeting are other attraction for them,” said the elected director, Karachi Stock Exchange Haji Ghani. app...link