KARACHI, Jan 3: The KSE recorded net inflow of Rs2.29 billion and outflow of Rs10 billion in foreign investment in securities during the year 2001.

According to latest progress report of KSE made available here on Thursday, the foreign investment had negative balance of Rs7.7bn 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 Rs26.8 billion in foreign investment, but also outflow of Rs24.2 billion during the same year.

During 1996-2000 period, the net foreign investment in capital market were positive as compared to the year 2001.

The listed capital of the securities surged from Rs202bn in 1996 to Rs234bn in 2001 with the number of listed companies decreasing to 748 in 2001 as against 782 in 1996.

The market capitalization also dropped from Rs471bn in 1996 to Rs329bn in 2001.

Report showed that the average daily turnover of the shares recorded significant surge of 94.7 million shares in 2001 as against 29.4 million shares in 1996.

Value of the daily turnover of shares also jumped from Rs684 million in 1996 to Rs 3.1bn in 2001.—APP