Inflow of $0.69m in Pakistani stocks by foreign investors

Local and foreign investors showed contrasting priorities in investing in Pakistani stock markets as foreign investment funds and institutions preferred buying while local funds and companies favored selling. According to the State Bank of Pakistan (SBP), foreigners collectively invested $0.65 million.The I&P sector remained the focus of foreign investors. Banks and financial institutions also bought shares of worth $45million. On the other hand, collectively, outflow of $1.29million from local companies, mutual funds and individual investors was recorded last week.