Portfolio investment down $1.202 million

Portfolio investment in the country's equity market declined by $1.202 million to $859.811 million on June 15, 2007 from $861.013 million recorded on June 13, 2007 due to outflow by USA and Singapore investors.
According to data released by the State Bank of Pakistan (SBP), major inflows were witnessed by Hong Kong investors of $730,383, Japan $956,727, Switzerland $1,094,319, United Kingdom $5,691,524 and USA $1,841,244 on June 15, 2007. On the outflows side, $243,246 were withdrawn by Hong Kong, $730,576 by Singapore, $3,840,423 by UK. and $13,044,495 by USA investors on the said date.