AGL 40.05 Increased By ▲ 0.05 (0.13%)
AIRLINK 127.05 Increased By ▲ 0.01 (0.01%)
BOP 6.57 Decreased By ▼ -0.10 (-1.5%)
CNERGY 4.53 Increased By ▲ 0.02 (0.44%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.59 Increased By ▲ 0.15 (0.36%)
DGKC 86.66 Decreased By ▼ -0.19 (-0.22%)
FCCL 32.20 Decreased By ▼ -0.08 (-0.25%)
FFBL 65.10 Increased By ▲ 0.30 (0.46%)
FFL 10.15 Decreased By ▼ -0.10 (-0.98%)
HUBC 110.49 Increased By ▲ 0.92 (0.84%)
HUMNL 14.69 Increased By ▲ 0.01 (0.07%)
KEL 5.16 Increased By ▲ 0.11 (2.18%)
KOSM 7.21 Decreased By ▼ -0.25 (-3.35%)
MLCF 41.45 Increased By ▲ 0.07 (0.17%)
NBP 59.81 Decreased By ▼ -0.60 (-0.99%)
OGDC 193.79 Increased By ▲ 3.69 (1.94%)
PAEL 28.00 Increased By ▲ 0.17 (0.61%)
PIBTL 7.90 Increased By ▲ 0.07 (0.89%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.72 Decreased By ▼ -0.16 (-0.6%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 78.00 Decreased By ▼ -8.00 (-9.3%)
TELE 7.38 Decreased By ▼ -0.33 (-4.28%)
TOMCL 35.40 Decreased By ▼ -0.01 (-0.03%)
TPLP 7.86 Decreased By ▼ -0.26 (-3.2%)
TREET 15.90 Decreased By ▼ -0.51 (-3.11%)
TRG 52.75 Decreased By ▼ -0.54 (-1.01%)
UNITY 26.50 Increased By ▲ 0.34 (1.3%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
BR100 9,949 Increased By 65.7 (0.66%)
BR30 30,910 Increased By 309.7 (1.01%)
KSE100 94,021 Increased By 665.8 (0.71%)
KSE30 29,143 Increased By 212 (0.73%)

The inflow of portfolio investment in the country''s equity market continued during the outgoing week as the special convertible rupee accounts (SCRAs) balances increased to new high level of 175.666 million dollars on October 19. A net inflow of 18.277 million dollars was witnessed only on the last trading day of the week.
The recent inflow was witnessed mainly from the US, Kuwait, Luxembourg and Singapore. American investors topped the list as 29.941 million dollars came from the US followed by 1.995 million dollars from Kuwait, 1.634 million dollars from Luxembourg and 107,873 dollars from Singapore.
On the other hand, profit taking was witnessed by the investors from the UK, Switzerland and Hong Kong, as they withdrew 14.364 million dollars, 755,911 dollars and 280,796 dollars respectively from the local equity market.
The recent inflow of portfolio investment at the country''s equity market shows the continuous interest of foreign investors, who are keen to invest more here for attractive returns, said Chief Operating Officer (COO) of JOV & Co Ahmed Nabeel.
He was of the view that a huge foreign investment was expected during the current fiscal year. The foreign investors are taking fresh positions mainly in banking, cement, energy and fertiliser sectors due to better expectations of attractive earnings of the relevant stocks.

Copyright Business Recorder, 2007

Comments

Comments are closed.