Despite selling on last two sessions, a net inflow of $5.88 million of foreign investors portfolio investment (FIPI) was witnessed at the local equity market during the week up to May 21, 2010. "Negative trend in global markets and declining oil prices invited foreign selling at the local bourse on last two sessions of the week", analysts said.
The week started on a positive note and the foreign investors remained net buyers of shares worth $476,165 on Monday. Healthy inflow of $3,173,387 was recorded on Tuesday, while $2,329,931 came on Wednesday. But the foreign investors turned net sellers of shares worth $61,268 on Thursday, and an outflow of $38,142 was witnessed on Friday.
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