Inflow of $8.3 mn in Pakistani stocks by local investors

Local and foreign investors showed contrasting priorities in investing in Pakistani stock markets as foreign investment funds and institutions preferred selling while local funds and banks favored for buying. According to the State Bank of Pakistan (SBP), Foreigners collectively withdrew $0.6 million from Pakistani stock markets during last week. NBFC sold shares of worth $6.3 million. On the other hand, collectively, inflow of $8.3 million from banks, mutual funds and individual investors was recorded last week.