'Strong stocks rally reflects investor confidence in stabilisation measures' - News Summed Up

'Strong stocks rally reflects investor confidence in stabilisation measures'


“The KSE-100 index is up by 14.9% in November 2019, highest one month return after May 2013. The KSE-100 index is up by 14.9% in November 2019, highest one month return after May 2013. The strong rally in Stock Market shows increasing investor confidence on stabilisation measures taken by the Govt. Stock-wise, major gainers were Hubco (up 132 points), Fauji Fertiliser Company (94 points), PSO (40 points), Lucky Cement (32 points) and National Foods (29 points). PSX rally – cautious optimism is warrantedForeigners offloaded stocks worth $8.06 million in the outgoing week compared to net buying of $8.46 million last week.


Source: The Express Tribune December 01, 2019 12:00 UTC



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