KARACHI: The foreign investors’ holding in the local bourse has reached 26.5 per cent of its free float, which is the highest level since July 2008, according to the data issued by the National Clearing Company Pakistan Limited (NCCPL) on Tuesday.
Foreigners with a net buying of $10.5 million worth of shares have taken their buying spree to $84 million for the month of April.
So far this year, offshore investors have bought shares worth $466 million and sold shares, valuing $242 million, resulting in a net buying of $224 million.
Foreign investors, whose combined holding was $1.9 billion at the beginning of the current year, now hold equities worth $2.3 billion, which constitutes 6.6 per cent of the total market capitalisation and a significant 26.5 per cent of its free float.
Source The News
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