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FOREIGN PORTFOLIO INVESTMENT IN PAKISTAN UP BY 55 PCT.
ISLAMABAD, May 1 Asia Pulse - Foreign portfolio investment in Pakistan stood at Rs18.91 billion (US$327.1 million) at the end of the July-March 2002/03 period, denoting an increase of 55.24 per cent over June 30, 2002, according to statistics from the Securities and Exchange Commission of Pakistan (SECP).
On July 1, 2002, an analysis of the data provided by the State Bank to the SECP shows the opening market value of shares/securities was Rs12.18 billion.
An official from the SECP told journalists here on Tuesday, had for the first time started sending the information about inflows and outflows of foreign portfolio investment at its request.
Previously unavailable to the general public, regular publication of this data, he said, would help in mitigating rumours and consequent speculative buying and selling in Pakistan's stock market.
This policy has already contributed to an increase in confidence in the viability of the stock market of Pakistan.
When the stock market witnessed a ...
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