Despite security concerns, a healthy inflow of $27.25 million of foreign investors' portfolio investment (FIPI) was witnessed at the local equity market during May 2011 as compared to an outflow of $7.347 million in April 2011. According to National Clearing Company of Pakistan Limited (NCCPL) data, a net inflow of $1.670 million was seen during the outgoing week ended May 27, 2011 as compared to $2.019 million in the previous week.
On cumulative basis, the net inflow of this mode of investment was recorded at $72.282 million during the period from January 01, 2011 to May 27, 2011 as compared to an inflow of $237.743 million during the same period in 2010. After opting for profit taking during April, the offshore participants once again turned net buyers during the current month. "Despite deteriorating law and order situation in the country, the foreign investors' remained active and took fresh positions in selective stocks during the current month," analysts said.
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