Stock Market Round up

Byline: SHABBIR H. KAZMI The week ended with a couple of positive news. Although Pakistan lost in the World Cup semi final against the arch-rival India, this is believed to have resumed long-halted significantly important bilateral talks between the two countries. This somehow has also been one of the factors forcing the index to cross the psychological level of 11,800 by the weekend. In addition to it, foreign reserves of the country have also touched new high of US$17.95 billion. Asian Development and World Bank collectively approved US$775 million loans for infrastructure development. More importantly, Asian Investment Conference held in Hong Kong provided the Government of Pakistan an opportunity to attract foreign investors by providing them real time information related to capital market transactions and investments.