Foreign buying continued during this week, clocking in at $6.3 million compared to a net buy of $10.4 million last week. Scrip-wise positive contributors were DAWH (175 points), OGDC (164 points), PPL (89 points), HUBC (62 points) and NRL (46 points). The sectors which mainly contributed negatively were commercial banks (210 points), chemicals (23.11 points), and tobacco (18 points). Scrip-wise negative contributions came from MEBL (93 points), FFC (65 points), HBL (47 points), BAHL (44 points), and ENGRO (42 points). In addition to this, SBP reserves fell by $54 million week-on-week, reaching $7.9 billion.

Source: Ethiopian News March 09, 2024 21:16 UTC