Foreign investors' interests continue in Pak equity market
Sunday, 25 July 2010
KARACHI, July 24 (Business Recorder): The foreign investors' interest continued in the local equity market with a net buying of $14.0 million during the outgoing week ended July 23, 2010.
The market was driven mainly by the foreign investors, as the index increased by 142.19 points during the week despite selling by local investors. During the week, companies and banks were net sellers of shares worth $2.9 million and $2.6 million respectively.
Analysts said that the foreign investors' interest was seen mainly in oil and gas, fertiliser and banking sector stocks. According to National Clearing Company of Pakistan Limited (NCCPL) data, the net inflow of this mode of investment has increased to $29.653 million during the current month to date.
The week started on a positive note with a net inflow of $851,560 Monday. This trend continued as the offshore investors remained net buyers of shares worth $2,693,624 Tuesday, $1,207,603 Wednesday and $915,407 Thursday.
A healthy single day inflow of $8,395,406 of this mode of investment was recorded Friday.
The market was driven mainly by the foreign investors, as the index increased by 142.19 points during the week despite selling by local investors. During the week, companies and banks were net sellers of shares worth $2.9 million and $2.6 million respectively.
Analysts said that the foreign investors' interest was seen mainly in oil and gas, fertiliser and banking sector stocks. According to National Clearing Company of Pakistan Limited (NCCPL) data, the net inflow of this mode of investment has increased to $29.653 million during the current month to date.
The week started on a positive note with a net inflow of $851,560 Monday. This trend continued as the offshore investors remained net buyers of shares worth $2,693,624 Tuesday, $1,207,603 Wednesday and $915,407 Thursday.
A healthy single day inflow of $8,395,406 of this mode of investment was recorded Friday.