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bourse records net inflow of Rs 2.29b
KARACHI, Jan 4 (Internews): The Karachi
Stock Exchange (KSE) -
Pakistan's largest and most representative bourse - recorded a net
inflow of Rs 2.29b and an outflow of Rs 10b in foreign investment in
securities during the year 2001.
According to the latest progress report of KSE, made available here
Friday, foreign investment in Pakistan had a negative balance of Rs 7.7b
during the year due to volatility in the local capital market and other
bourses of the region.
Giving comparative statistics of last six years, the report showed that
1997 was good year for the stock market when it witnessed net inflow of
Rs 26.8b in foreign investment, but also outflow of Rs 24.2b during the
During the 1996-2000 period the net foreign investment in capital market
was positive as compared to the year 2001.
The listed capital of the securities surged from Rs 202b in 1996 to Rs
234b in 2001 with the number of listed companies decreasing to 748 in
2001 as against 782 in 1996.
The market capitalisation also dropped from Rs 471b in 1996 to Rs 329b
The report showed that the average daily turnover of the shares recorded
significant surge of 94.7m shares in 2001 as against 29.4m shares in
The value of the daily turnover of shares also jumped from Rs 684m in
1996 to Rs 3.1b in 2001. -Internews
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