KARACHI: Lack of triggers, status-quo on key macro indicators, mixed trend in corporate earnings announcements, kept the Pakistan Stock Exchange rangebound in February, which closed with negligible MoM loss of 0.9 percent in KSE-100 index.
On CYTD basis, PSX is down 2 percent and 4 percent from its high recorded on the first trading day of the year. Trading activity dropped24 percent MoM in terms of shares traded.
Foreigners remained net sellers without flow of $28 million, which was partially off-set by Insurance companies and mutual funds during the month.
The MSCI quarterly review remained a non-event for PSX, with minor adjustment in Pakistan weight in MSCI FM, 2 stocks (ABOT & SEARLE) were added to MSCIFM, taking Pak total stocks included in MSCI FM (incl. small caps) to 89.
Copyright Business Recorder, 2025