State Enterprise Fund fund buys shares

State Enterprise Fund fund buys shares - Tariq Iqbal Khan

The full amount of Rs20 billion Karachi Stock Exchange (KSE) support fund, which was set for rescuing KSE out of crisis, has now been received and the fund is buying all the selected shares.

Nation Investment Trust (NIT) Chairman and State Enterprise Fund CEO, Tariq Iqbal Khan told Geo News in program ‘Tezi Mandi’ that the fund was buying shares of the prescribed eight companies and added that those advising brisk buying, why they themselves were not buying in the market. He termed the news about the fund not having received the full amount baseless and said that the market support fund’s full amount existed in the bank with full guarantee. He further said that this was the best time for buying, as the shares prices were at low-levels.

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