Pakistan recorded non-resident equity flows of +$14 million in January

LAHORE: Preliminary data available from the International Institute of Finance (IIF) reveals Pakistan had positive non-resident equity flows of around $14 million for January as per their daily tracker.

After evaluating IIF’s data, it showed January 2019 marked the first time in a year that equity flows were positive at $14.78 million compared to +$93.55 million in January 2018.

As the graph above indicates, Pakistan’s non-resident portfolio equity flows remained in negative territory starting January 2017, going into the positive territory of around over $100 million in January 2018 before sharply declining for the remainder of 2018.

Also, from February till December last year, cumulative equity flows amounted to negative $642.76 million, indicative of the volatility and economic uncertainty the Pakistan Stock Exchange (PSX) encountered in 2018, data shared by IIF indicated.