Foreigners show interest in Pakistani stock markets

Inflow of $9.8 million was witnessed in SCRA as foreigners invested $24.8 million into Pakistani stock markets during last week. Selling in local funds caused the market to remain bearish, reported Dunya News.According to the State Bank of Pakistan (SBP) foreigners made a buying of $24.8 million in Special Convertible Rupee Account (SCRA) last week. During the same period, $15 million were taken out from the markets. In contrast, selling of $13.9 million worth shares by Pakistani mutual funds caused the market to remain under pressure.