As the KSE100 Index rose by 1,000 points today, Foreign Corporates bought a net amount of over $3 million, surpassing their recent activity at the PSX. Interestingly, Overseas Pakistanis were net sellers to a significant degree today, exceeding $2.46 million. Typically, their activity at the PSX is not very significant. On a weekly basis, Foreign Corporates' net buying was close to $8 million, as the KSE100 Index declined by 105 points. In 'Local Investors' Mutual Funds were net buyers today, but the amount was relatively small at $0.4 million. In contrast, individuals were major sellers, with net sales of $3 million. The activity of Mutual Funds is most significant when a clear trend emerges, which has not yet occurred. This week, they have sold more than in any other week of this year, with net sales close to $9 million. Another major seller this week was 'companies,' with net sales close to $8 million, nearly matching the sales by mutual funds. The most signific...
Pakistan Investment Landscape | Markets | Securities