Foreigners dump most stocks in four months last week

By Abdur Rahman | September 14, 2024 at 06:23 PM GMT+05:00
September 14, 2024 (MLN): Foreign investors dumped $7.54 million of Pakistani equities last week, their biggest selling on a net basis in almost four months, according to National Clearing Company of Pakistan (NCCPL) data.
The second weekly net selling in a row came despite the benchmark KSE100 Index notching up two consecutive weekly gains in USD terms.
The most substantial sales activity this week was in fertilizer stocks, as foreigners dumped $3.65m worth of equities, followed by commercial banks with net sales of $2.92m, and cement stocks at $1.02m.
Despite the recent heavy selling, foreign investors have been buying Pakistani stocks aggressively this year, with net investment of $88.6m so far this year as the country continues to experience growing confidence amidst improved economic conditions and a stable exchange rate.
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---|---|---|
KSE100 | 132,576.99 161.03M |
-0.62% -826.20 |
ALLSHR | 82,983.68 903.36M |
-0.25% -204.38 |
KSE30 | 40,358.80 56.86M |
-0.72% -292.66 |
KMI30 | 190,727.32 67.92M |
-0.71% -1356.60 |
KMIALLSHR | 55,698.48 457.08M |
-0.27% -149.22 |
BKTi | 36,242.06 11.15M |
-0.50% -180.82 |
OGTi | 28,323.42 10.71M |
-0.40% -114.19 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 111,525.00 | 112,170.00 111,420.00 |
-720.00 -0.64% |
BRENT CRUDE | 70.15 | 70.22 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 | 68.32 | 68.39 68.04 |
-0.06 -0.09% |
SUGAR #11 WORLD | 16.54 | 16.61 16.08 |
0.41 2.54% |
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