ISLAMABAD – The Pakistan Stock Exchange (PSX) witnessed an overall spike inits gains as local and foreign investors rampaged across the market toquickly hit upper circuits as soon as the war clouds hanging over theregion due to US-Iran hostilities dissipated.
The index was hit hard earlier in the week as tensions in the Middle Easthad escalated following the death of Iranian General Qassem Soliemani.
On a weekly basis, the benchmark KSE-100 Index accumulated 883.75 points,ending at 43,207.05 points (17-month high) as compared to last week’s closeat 42,323.30.
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Based on the National Clearing Company of Pakistan (NCCPL) data, foreignerinvestors remained net buyer of $7.02 million during the outgoing week. Onthe local side, mutual funds and individuals were net sellers of $5.78million and $4.11 million, respectively.
