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Offshorers stock $11.9mn shares

KSE during last week
Local individuals eject $15mn
Ghulam Raja Rajani
KARACHI: With the growing confidence of offshore investors and new allocation of fund from abroad, $11.9 million worth of net portfolio investment was seen in Pakistan equity market in the first week of New Year, as per the National Clearing Company of Pakistan Limited (NCCPL) data.
During the week, foreign investors remained on the buying side as they bought shares worth $22.69 million and sold share valuing $10.8 million.
Furthermore, biggest buying was seen from banks which bought shares worth $22.3 million. Similarly, other organisations and NBFC remained on the buying side with shares worth $2.60 million and $0.27 million.
On the other hand, biggest weekly selling was witnessed from local individuals, which offloaded $253.31 million of shares in the local bourse against the buying of $238.3 million, thus turning the net selling worth of $15.01 million.Moreover, companies and mutual fund also joined local individual’s trend as they net ejected $11.21 million and $10.85 million respectively.


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