Home / Brokerage / Foreign investment falls by 59% to USD 305 million during Jul- Nov FY12 – Alfalah Securities Limited

Foreign investment falls by 59% to USD 305 million during Jul- Nov FY12 – Alfalah Securities Limited

Karachi: Net inflow of foreign investment fell by 59.2% to USD 305 million during the 5M (Jul-Nov) FY12 against USD748.7 million last year.

According to Alfalah Securities Limited, the foreign direct investment (FDI) declined by 27% to USD 418.8 million in (July- Nov) FY12 against USD 576.2 million in the corresponding period last year. Similarly, the portfolio investment depicted steep fall of 166% recording outflows of USD 114.5 million as against inflows of USD 172.5mn last year. Alfalah Securities Limited believes that low volumes in the stock, imposition of capital gain tax and steep devaluation of rupee have led foreign investors to take out their portfolio investment from the country.

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