KSE sees outflow of $0.6 million
Sunday, 30 May 2010
KARACHI, May 29 (Business Recorder): Foreign investors turned net sellers of shares at the local equity market after 16 weeks with a net outflow of $0.6 million during the week ended May 28, 2010. Banks also remained net sellers of shares worth $8.6 million; however, companies were net buyers of $5.5 million during the week.
According to National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative net inflow of Foreign Investors' Portfolio Investment (FIPI) at the local equity market declined to $24.387 million during the current month as compared to $80.285 million recorded in April.
During the week, the KSE-100 index declined by 3.5pc on week-on-week basis to close at the level of 9,521 points.
According to National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative net inflow of Foreign Investors' Portfolio Investment (FIPI) at the local equity market declined to $24.387 million during the current month as compared to $80.285 million recorded in April.
During the week, the KSE-100 index declined by 3.5pc on week-on-week basis to close at the level of 9,521 points.