KSE-100 gains 3.9pc in July

KARACHI: The Karachi Stock Exchange (KSE) benchmark-100 Index gained 3.9 percent in July as compared to an average regional markets' return of negative 3.5 percent, a statement said on Monday.
Trading activity also clocked in 18.5 percent higher at 447 million shares per day, despite shorter trading hours because of Ramazan.
Foreigners were net sellers of equities worth $20.9 million in July as compared to the net buying of $7.5 million in June, a trend that started from the second half of the previous month, it said. Rounding up the market tally for July, the best performing key KSE-100 sectors were support services (+33.5 percent) and gas utilities (+29.1 percent), while oil and gas (-6.3 percent) and tobacco (-4.8 percent) were laggards.
Drilling down to stock performance, the best performing key stocks within the KSE-100 in July were TRG Pakistan, up 33 percent, SSGC gained 30 percent and Fatima Fertilizer surged by 23 percent, it added.