Foreign investors flee with $52.17 mln net on April 1st

MG News | April 02, 2020 at 06:08 PM GMT+05:00

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April 2, 2020 (MLN): The first day of the new month witnessed 21% decline in the outflow of hot money from government debt securities, as the foreign investors extracted $47.63 million from T-bills on April 1, 2020, compared to $59.96 million in the previous session.

Country- wise, the highest withdrawal during the said day was made my UK investors, as they retracted $35 million from T-bills, followed by US investors with the withdrawal of $10 million.

On the other hand, Pakistan equities witnessed an outflow of $5.8 million, taking the total net outflow within the local market to clock in at $52.17 million during the day mentioned above.

Cumulatively from July to date, foreign investors have so far withdrawn $2.16 billion from Pakistan debt market against the injection of $3.49 billion, indicating that still $1.33 billion investment still parked in T-bills and PIBs.

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