The foreign investors withdrew another $4.396 million from the Pakistan equity market during the week ended on September 12. According to the data released by National Clearing Company of Pakistan Limited (NCCPL), the cumulative outflow of this mode of investment increased to $359.633 million in the current year from January 01, 2008 to date.

"The outflow of foreign portfolio investment continued during the week mainly due to the offshore investors concerns over the geo-political situation and weakening economic indicators of the country," analysts believe. A massive outflow of foreign investment was witnessed on the first day of the week as the foreign investor withdrew over $6.498 million on Monday.

The negative trend continued as an outflow of $1.021 million and $2.028 million was recorded on Tuesday and Wednesday respectively. However, a fresh inflow of $5.152 million of portfolio investment was recorded on the remaining two days of the week, as a net inflow of $1.680 million was recorded on Thursday and $3.472 million on Friday.

Copyright Business Recorder, 2008