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Karachi 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
 same year.
 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
 in 2001.
 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
 1996.
 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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