LAHORE: Preliminary data available from the International Institute ofFinance (IIF) reveals Pakistan had positive non-resident equity flows ofaround $14 million for January as per their daily tracker.
After evaluating IIF’s data, it showed January 2019 marked the first timein a year that equity flows were positive at $14.78 million compared to+$93.55 million in January 2018.Source: IIF
As the graph above indicates, Pakistan’s non-resident portfolio equityflows remained in negative territory starting January 2017, going into thepositive territory of around over $100 million in January 2018 beforesharply declining for the remainder of 2018.
Also, from February till December last year, cumulative equity flowsamounted to negative $642.76 million, indicative of the volatility andeconomic uncertainty the Pakistan Stock Exchange (PSX) encountered in 2018,data shared by IIF indicated.
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Furthermore, the turmoil can be gauged from data going back to January 2017when equity flows touched -$107.59 million and with May 2017 recording thehighest of -$173.35 million when the Pakistan Stock Exchange (PSX) toucheda record high of 52,876.46 points on 25th May.
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