Foreign investors withdraw another $8.63 million net from local market
MG News | May 21, 2020 at 05:20 PM GMT+05:00
May 21, 2020 (MLN): Another outflow of $5.12 million from government’s Treasury bills (T-bills) was recorded yesterday, bringing the total net extraction by the foreign investors from the local market to clock in at $8.63 million.
On equity front, foreign investors withdrew net sum of $3.5 million from local equities on the said day, as according to the latest data released by SBP.
This has led the net outflow in T-bills during the ongoing month to stand at $153 million as $800 worth of inflows were recorded so far against the outflows of $153.8 million.
Cumulatively from fiscal year to date, the data showed that foreigners have pulled out around $3.03 billion investment from T-bills against the inflows of $3.64 million, suggesting that only 17% ($609.8 million) of the inflows is left in T-bills.
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