$12.499m inflow recorded in share market
Monday, 10 May 2010
$12.499m inflow recorded in share market
KARACHI, May 9 (Business Recorder): Foreign investors' interest continued in Pakistan's stock market with a net inflow of $12.499 million during the week ended on May 8, 2010. However, the inflow of foreign investors' portfolio investment declined by 10 per cent as compared to previous week's net foreign buying of $13.9 million. On the domestic front, corporations were the major sellers with $6.67 million, followed by mutual funds with $4.1 million.
Though the foreign investors were net buyers for the 14th consecutive week, they were net sellers of $9.4mn on the last trading day of the week. The week started on a positive note and the foreign investors remained net buyers of shares worth $4,962,710 Monday.
This trend continued with healthy inflow of $9,247,013 on Tuesday and $11,507,646 Wednesday.
However, the Greece debt issue and meltdown in international markets forced the foreign investors to offload their holdings and they turned net sellers of shares worth $3,806,032 Thursday and a massive outflow of $9,412,167 of this mode of investment was recorded Friday.
KARACHI, May 9 (Business Recorder): Foreign investors' interest continued in Pakistan's stock market with a net inflow of $12.499 million during the week ended on May 8, 2010. However, the inflow of foreign investors' portfolio investment declined by 10 per cent as compared to previous week's net foreign buying of $13.9 million. On the domestic front, corporations were the major sellers with $6.67 million, followed by mutual funds with $4.1 million.
Though the foreign investors were net buyers for the 14th consecutive week, they were net sellers of $9.4mn on the last trading day of the week. The week started on a positive note and the foreign investors remained net buyers of shares worth $4,962,710 Monday.
This trend continued with healthy inflow of $9,247,013 on Tuesday and $11,507,646 Wednesday.
However, the Greece debt issue and meltdown in international markets forced the foreign investors to offload their holdings and they turned net sellers of shares worth $3,806,032 Thursday and a massive outflow of $9,412,167 of this mode of investment was recorded Friday.