TechLahore

The KSE has now beat its high three days running, and closed above 15,000 for the first time. Even at these levels, it remains one of Asia’s most attractive high-growth markets because of the comparatively conservative P/E multiples blue-chip companies on the bourse are trading at. This has not gone unnoticed by foreign portfolio fund managers. Foreign investment in the KSE is continuing to increase, as this quote from a News story indicates:

“According to the State Bank of Pakistan, foreign investors made new investments of $22,100,000 in Pakistani stock market on February 25, 2008″

More after the break.

Foreign investment increased in Pakistan stock market

Updated at: 0320 PST, Thursday, February 28, 2008

KARACHI: Trend of increase in foreign investment in Pakistan stock market after the elections continues.

According to the State Bank of Pakistan, foreign investors made new investments of $22,100,000 in Pakistani stock market on February 25, 2008 [...] An increase of $12,900,000 was recorded in the foreign investment at the stock market during one day. After this increase, volume of the foreign investment has become $151,900,000 during February 2008.

Share this: