Arab Today, arab today foreign inflow in pakistan’s stocks amounts to 51m
Last Updated : GMT 09:48:29
Arab Today, arab today
Arab Today, arab today

Foreign inflow in Pakistan’s stocks amounts to $51m

Arab Today, arab today

Arab Today, arab today Foreign inflow in Pakistan’s stocks amounts to $51m

Karachi - Arabstoday

During the month of August, net foreign portfolio inflow into the Pakistani equity markets amounted to a tall order of $51 million. Much of that, however, was off market transactions in two companies: The first of around $6.0 million worth shares in Bata (Pakistan) and second, the $30 million equity in Colgate-Palmolive. While the shares in Bata (Pakistan) were purchased by the Parent Bata (Nederland), whose ultimate parent is Compass Limited; the buyer in Colgate-Palmolive stock was not identifiable except that it was an emerging market consumer fund. The market men are cherishing the deals as a good omen, for a foreign inflow in ‘blue chip’ companies suggests overseas investors’ confidence in the country’s ability to deliver high yields on investment and the prospects of good growth in corporate profitability. “While we lament the departure of foreign sponsors from Hub Power Company and ICI, the entry of overseas investors in other companies should be happy augury,” says a market participant. Analysts who track foreign portfolio trend in equity market say that the Bata’s parent has been continuously collecting shares from the market. On Dec.31, 2010, the Nederland-based shoe maker’s controlling stake in Pakistan subsidiary was 4.5 million shares, representing 60pc of the company’s paid-up shares of 7.56 million. By the close of financial year to Dec.31, 2011, Bata (Netherlands) N.V had scaled its stake to 5.10 million shares or 67 per cent of the total. In August this year, the parent bought another 0.588 million shares from the market in off-market transactions, adding 7.8 per cent to its controlling shares, which rose to 75 per cent. There is, however, some concern among market participants on the price of deals. A market watcher said that a brokerage house had acquired 0.578 million shares in the ‘off-market’ deal at Rs920 per share from NBP, the second biggest shareholder in Bata (Pakistan) with 1.77 million shares or 23 per cent of the paid-up capital. From the figures of ‘off-market transactions’ posted on the KSE site, it looks like the buyer (or intermediary) held on to the stocks for a couple of days and filled the overseas parent’s order in two separate ‘off-market’ transactions on Aug.29 and 30 at Rs1,000 per share. From gulftoday

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign inflow in pakistan’s stocks amounts to 51m Arab Today, arab today foreign inflow in pakistan’s stocks amounts to 51m

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign inflow in pakistan’s stocks amounts to 51m Arab Today, arab today foreign inflow in pakistan’s stocks amounts to 51m

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday