financial markets
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Business
October 2024: Indian Mutual Funds Attract a Whopping Rs 2.4 Lakh Crore Inflows
The Association of Mutual Funds in India (AMFI) has reported that monthly inflows into mutual fund Systematic Investment Plans (SIPs) breached the Rs 25,000 crore threshold for the first time in October 2024. SIP contributions for the month surged to Rs 25,323 crore, marking an all-time high compared to Rs 24,509 crore in September 2024. A year ago, in October…
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Business
Karachi Stock Exchange Witnesses 7.3% Weekly Surge
Karachi’s Stock Exchange, PSX, ended the week on a historic high, the KSE-100 index reaching an unprecedented 66,223.63, up 7.3% WoW. Caretaker Prime Minister Anwaarul Haq Kakar’s visit, launching a Rs 30 billion Ijara Sukuk, fueled the surge. Bullish sentiments prevailed, driven by factors like anticipation of IMF approval for a $700 million loan tranche and positive economic outlook. Throughout…
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