Foreign trade boosts local bourse

SIX local counters dominated foreign trade on the local bourse as the stock market reduced its year-to-date loss after a strong start to the week.

Foreign inflows at the beginning of the week were at $1,41 million as the country continues to have favourable frontier markets allocation, albeit at reduced trading levels as compared to the beginning of the year.

Foreigners were net buyers of 237 706 shares as the industrials index put on 1,24% cutting its year-to-date loss to 2,16% from the January 1 level of 202,12.

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