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KSE last wk Offshorers shop $2.87mn shares

KARACHI: The buying momentum of offshore investors continued in first two trading day of the last week in the local bourses as it attracted fresh net inflow of

$2.87 million, as per the National Clearing Company of Pakistan Limited (NCCPL) data.
On the other hand, positive activities continued at local bourses as KSE 100-Index closed up 0.85 per cent or 91.98 points at 10,966. Weekly average volumes plunged 58.2 per cent to stand at 69.47 million shares versus  166.1 million shares traded a week before last mainly because investors preferred to stayed sidelines ahead of Eid holidays. As per details, foreign investors deciding for buying fresh positions bought shares worth $4.8 million and sold $1.93 million, resulting in net buying of $2.87 million during the last week.On daily basis, foreigners invested $1.6 million and $1.26 million on Monday and Tuesday. On the other hand, biggest weekly selling was witnessed from banks which sold $6.93 million of shares in the local bourse against the buying of $5.83 million, thus turning the net selling worth of $1.1 million.


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