KSE-100 index falls, economic downturn continues

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Karachi Stock ExchangeKSE-1oo index dropped 3.36% and closed at 9247.78 today. Over the past month or two after the security situation became better in the country, 100-index was increasing significantly and lots of foreign investment was coming in seeing the improved security situation. But soon after the security situation in the country worsen again, the foreign investment again not coming in and 100-index fell significantly.

As there were serious attack threats all over the country and all education institutions were closed looking the bad security situation the foreign buyers’ trust jolted. As Pakistani security forces are at decisive war against the militants hiding in South Waziristan, on other hand these militants are targeting the normal public in the country to pressurize the security agencies and make them give-up on war. This situation have affected the economy of country significantly.

Foreign investment is back in Karachi Stock Exchange

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Rising 100 indexAs soon as government ensured the improvements in the energy sector, this have increased the confidence of foreign investors and Karachi stock exchange have observed good investment by foreigners. In last month, Aug 2009 the money foreign buyers bought shares of about $95.3 million and this month on alone 1st Sep, 2009 the investment of 21.29 million was observed from the foreign investors.

More over KSE-100 index was ended on its highest of the year at 8,878.64 today. This is big improvement and if the political parties and country’s leadership don’t come up with any other issue this confidence by foreign buyers will further strengthen and loads of foreign investment is expected. As this year KSE-100 index already gained 51.38% , let me remind you that it had lost about 58.3% in the last year.

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