Inflow of $2.40m recorded in local stocks

Both local and foreign investors showed purchasing tendency in investing in Pakistani stock markets, pushing it to a high of the last five months, while the companies and mutual funds favoured selling. The foreigners collectively invested $2.40million in Special Convertible Rupee Accounts (SCRA) while banks and institutions also sold shares of around $37million.Friday inflow is recorded at Rs100million. On the other hand, the local companies bought shares of Rs1.50million. Average volume of the local market fell by 9 percent.