Foreign selling continues

News Image

By Abdur Rahman | September 27, 2024 at 07:34 PM GMT+05:00

0:00

September 27, 2024 (MLN): Foreign investors remained net sellers for the fourth week in a row, dumping $12.44m worth of Pakistani equities.

Last week, foreigners sold a significant $23.2m stocks, their biggest selling on a net basis in almost three years.

The persistent selling is likely due to FTSE rebalancing, which demoted Pakistan from Secondary Emerging to Frontier Market in July.

The most substantial sales activity this week was in oil and gas exploration companies' stocks, as foreigners offloaded $6.22m worth of stocks, followed by fertilizer with net sales of $5.2m, and cement at $1.47m.

The leading sellers were Foreign Corporates as they offloaded $13.22m. While foreign individuals and overseas Pakistanis bought $0.77m on net basis.

Despite the recent heavy selling, foreign investors have been buying Pakistani stocks aggressively this year, with net investment of $52.96m so far this year as the country continues to experience growing confidence amidst improved economic conditions and a stable exchange rate.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,944.16
10.00M
0.28%
367.17
ALLSHR 83,203.48
58.25M
0.26%
219.80
KSE30 40,413.64
1.76M
0.14%
54.84
KMI30 190,867.98
2.06M
0.07%
140.66
KMIALLSHR 55,764.10
22.16M
0.12%
65.63
BKTi 36,329.50
0.21M
0.24%
87.44
OGTi 28,220.58
0.27M
-0.36%
-102.83
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,485.00 112,170.00
111,420.00
-760.00
-0.68%
BRENT CRUDE 70.23 70.24
69.91
0.04
0.06%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.38 68.41
68.04
0.00
0.00%
SUGAR #11 WORLD 16.54 16.61
16.08
0.41
2.54%

Chart of the Day


Latest News
July 10, 2025 at 09:26 AM GMT+05:00

NBP issues foreign exchange rates


July 10, 2025 at 06:22 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 09, 2025 at 11:58 PM GMT+05:00

Auction Result: Govt raises Rs1.5tr through T-bills



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg