| GEO Business|
| $28.559 million foreign investment in a week|
| Updated at: 0938 PST, Saturday, September 12, 2009|
KARACHI: The Karachi share market recorded an inflow of $28.559 million of foreign portfolio investment during the week ended on September 11, 2009.
According to National Clearing Company of Pakistan Limited (NCCPL), the net inflow of foreign portfolio investment at the local equity market increased to $90.829 million during 11 days of the current month.
An inflow of $94.635 million of this mode of investment was recorded in the preceding month. The offshore investors bought shares worth $51.0 million and sold shares worth $22.4 million, resulting in net buying of $28.6 million during the week.
The week started with a positive trend and $2,026,896 of foreign portfolio investment was seen on Monday. An inflow of $9,650,737 was recorded on Tuesday, while $3,007,925 came on Wednesday. An inflow of $11,850,059 of this mode of investment was recorded on Thursday and $2,023,902 came on Friday.