Foreign investors'' interest in capital market has been continuing and an inflow of $36.646 million was recorded during ten days of the current month. According to National Clearing Company of Pakistan Limited (NCCPL) data, over $21.886 million of foreign investors'' portfolio investment (FIPI) came in the country during the week ended on April 9, 2010.
Individual investors and financial institutions were major sellers of shares worth $11.7 million and $17.1 million, respectively during the week. Analysts believe that stability on political front and positive reports of international rating agencies about the country''s economic growth encouraged the offshore investors to take fresh positions, despite security concerns.
The week started on a positive note with an inflow of $18,701,406 on Monday. This trend continued as another $7,275,366 came in the country on Tuesday. The offshore investors remained net buyers of shares worth $5,866,553 on Wednesday and $3,990,527 of this mode of investment came in the local equity market on Thursday and $812,779 on Friday.
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