Total investment in the local stock market by foreign portfolio investors as on March 25, 2008 was $4.4 billion, based on closing rates. This excludes physical shares of PTCL held against GDRs issued by the Company.
According to the data released by the Securities and Exchange Commission of Pakistan (SECP) on Wednesday, the Commission took initiative of disseminating daily net inflow/outflow of foreign investment based on actual trading by foreigners in the market. This was done to provide market participants and general investors with timely and relevant information regarding foreign portfolio investment. To further refine the process and add value to the information provided, cumulative trading activities of foreign investors since February 1, 2008 are being provided by the SECP.
Trading activities of foreign investors on March 25 showed that gross buying of $21,651,575 was made; gross selling of $14,409,990 and net buying/selling by foreign investors was $7,241,585.
The cumulative trading activities of foreign investors from March 1 to 25 showed that gross buying was of $267,446,119; gross selling of $428,036,722 and net buying and selling was $160,590,603.
The cumulative trading activities of foreign investors for the month of February 2008 showed that gross buying was $524,350,293; gross selling $383,763,575 and net buying and selling of $140,586,718 was observed during the period under review.
The SECP has specified that all rupee values have been converted into dollar using conversion rate of $Rs 62.50. The Commission has advised the general public to visit website of National Clearing Company of Pakistan Limited www.nccpl.com.pk for details concerning trading activities of foreign investors on daily basis.
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