AGL 38.15 Decreased By ▼ -1.43 (-3.61%)
AIRLINK 125.07 Decreased By ▼ -6.15 (-4.69%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.91 Decreased By ▼ -0.53 (-6.28%)
DFML 37.34 Decreased By ▼ -4.13 (-9.96%)
DGKC 77.77 Decreased By ▼ -4.32 (-5.26%)
FCCL 30.58 Decreased By ▼ -2.52 (-7.61%)
FFBL 68.86 Decreased By ▼ -4.01 (-5.5%)
FFL 11.86 Decreased By ▼ -0.40 (-3.26%)
HUBC 104.50 Decreased By ▼ -6.24 (-5.63%)
HUMNL 13.49 Decreased By ▼ -1.02 (-7.03%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.44 Decreased By ▼ -2.46 (-6.32%)
NBP 65.92 Increased By ▲ 1.91 (2.98%)
OGDC 179.53 Decreased By ▼ -13.29 (-6.89%)
PAEL 24.43 Decreased By ▼ -1.25 (-4.87%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 143.70 Decreased By ▼ -10.37 (-6.73%)
PRL 24.32 Decreased By ▼ -1.51 (-5.85%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.57 Decreased By ▼ -3.73 (-4.53%)
TELE 7.22 Decreased By ▼ -0.54 (-6.96%)
TOMCL 31.97 Decreased By ▼ -1.49 (-4.45%)
TPLP 8.13 Decreased By ▼ -0.36 (-4.24%)
TREET 16.13 Decreased By ▼ -0.49 (-2.95%)
TRG 54.66 Decreased By ▼ -2.74 (-4.77%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,089 Decreased By -415.2 (-3.95%)
BR30 29,509 Decreased By -1717.6 (-5.5%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

Massive inflow of portfolio investment in the country''s stock market continued as $13.5 million foreign investment came in the country during the last week ending October 12.
According to the data released by the State Bank (SBP), a total of $214,514,415 has been brought into the market during the current fiscal year (from July 1, 2006 to October 12, 2006).
A huge sum of $6,456,745 portfolio investment was recorded on October 12, 2006. Investors from Hong Kong invested $2,273,709 in the country''s stock market while $21,435 was invested by investors from Switzerland; $775,491 from UK; and $3,386,110 from USA during a single session.
During the first three months of current fiscal year, almost half of the investment was made from Singapore. Investors from the island have more than $101.361 million in the Special Convertible Rupee Accounts (SCRAs) to their credit. Singapore is followed by $74.995 million investment from UK and $49.276 million from USA. A total of $16.352 million investment in the country''s stock market came from Hong Kong while an investment of $59,943 came from Liberia.
Whereas during the said period major outflow came from Switzerland. As Swiss investors withdrew $22.235 million from Pakistani stock markets, while investors from BV Islands took away $2.063 million and investors from the UAE took away $1.748 million from the country''s equity markets.
Others who took away their investment from the country''s equity market during the period under review included Bahrain ($70,641), Guernsey ($66,177), Kuwait ($848,626), Luxembourg ($34,184), Qatar ($40,546), Saudi Arabia ($423,696) and Germany ($52).
Faisal Shaji, head of research, Capital One Securities, said massive inflow of portfolio investment was witnessed due to growing banking, oil & gas and cement sector in the country. He said major share of the portfolio investment came in the banking sector and more investment is expected in this sector. Cement and E&P sectors also have much potential and these sectors could attract more investment from overseas investors in future.

Copyright Business Recorder, 2006

Comments

Comments are closed.