Inflow of $830m in local stocks

Both local and foreign investors showed purchasing tendency in investing in Pakistani stock markets while the companies and mutual funds favoured selling. The foreigners collectively invested $480million in Special Convertible Rupee Accounts (SCRA) while banks and institutions also bought shares of around $830million. On the other hand, collectively, outflow of $1.22million from local companies, mutual funds and individual investors was recorded last week. Average volume of the local market was risen by 15 percent.