Inflow of $2.90m 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 22 months, while the companies and mutual funds favoured selling. The foreigners collectively invested $2.90million in Special Convertible Rupee Accounts (SCRA), while banks and institutions also sold shares of around $1.10million.A 42% inflow is recorded on Sunday in the average volume of the market.