KSE sees $80.285m net inflow in April
Monday, 3 May 2010
KARACHI, May 2 (Business Recorder): The foreign investors' interest continued at the local equity market with a net inflow of $80.285 million witnessed in the month of April.
However, this inflow was slightly lower as compared to $109.428 million invested by the offshore investors here during the preceding month. "The improving law and order situation and stability on political front encouraged foreign investors to take fresh positions at the local bourse," analysts said.
The available attractive levels were also one of the major reasons that invited fresh foreign buying at the local share market, they added. The local share market is the cheapest in the region.
However, this inflow was slightly lower as compared to $109.428 million invested by the offshore investors here during the preceding month. "The improving law and order situation and stability on political front encouraged foreign investors to take fresh positions at the local bourse," analysts said.
The available attractive levels were also one of the major reasons that invited fresh foreign buying at the local share market, they added. The local share market is the cheapest in the region.