Foreign Investment in the stock exchange is promising for the economy: Atif Ikram Sheikh Bilateral agreements expected after PM's visit to Saudi Arabia are a positive trend. President FPCCI

Bilateral agreements expected after PM’s visit to Saudi Arabia are a positive trend.

ISLAMABAD  (  Web News  )

President Federation of Pakistan Chambers of Commerce and Industry Atif Ikram Sheikh while reacting to the foreign historic investment in the stock exchange said that the investment of foreign investors in the stock exchange is welcome, Stock exchange has seen such a huge investment after seven years. The reason for the bullish trend in the market is the expectation of

bilateral agreements in the Prime Minister’s visit to Saudi Arabia and positive news of expected Saudi investment in Rekodak due to the efforts of the SIFC Forum.

Atif Ikram Sheikh, President Federation of Pakistan added that Foreign investors buying shares in the Pakistan Stock Exchange is a positive sign of confidence in our current government. In one day, non-resident investors purchased shares worth $234 million in the stock exchange, which is beneficial for the economy.

Atif Ikram said that in the nine months of the current financial year, foreign investors of $ 90 million have come to the Pakistani capital market, the KSC Hundred Index in the stock market reached 70,909 points, which is historic and shows that the confidence of local investors, including foreign investors, is also increasing in the stock exchange.