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Stocks rally as foreigners continue to cherry-pick
KARACHI: The spectacular rally induced by the foreign investors extended into the second day on Wednesday with the KSE-100 index recording another sharp spurt of 419.29 points (0.98 per cent) to settle at 43,358.97.
The index is slightly short of the current year’s highest level of 43,631 points.
Including the net purchases of equities worth $7.47m on Wednesday, foreign portfolio inflows in just the last 12 sessions of trading in 2018 amounts to $71.5m, which is quite in contrast to heavy foreign outflows seen the previous year.