$3.811 Million Outflow Recorded In Equity Market
Saturday, August 9, 2008 at 1:58 pm
KARACHI :The outflow of portfolio investment from the country’s equity market continued and a net withdrawal of over $3.811 million was registered by the offshore investors during the week ended August 8, 2008. “The prevailing uncertainty on political front and weakening economic indicators forced the foreign investors to offload their holdings”, an analyst said.
Out of total five trading sessions, only one day witnessed net buying by foreign investors, while outflow was witnessed by them on the remaining four days. The week started with the outflow of portfolio investment as a net selling of $2,513,113 was witnessed by the foreign investors on Monday and a total of $3,409,022 was withdrew by the offshore investors on Tuesday.
On Wednesday the net foreign investment remained positive and a net inflow of $4,923,583 was recorded due to healthy buying by the foreign investors. A net outflow of $1,932,130 was witnessed on Thursday while the foreign investors net selling was recorded at $880,609 on Friday.
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