KARACHI, May 1: Foreign portfolio investment in the capital market has been depleting as more than $30 million moved out of the market during the month of April.

Though the comparative performance of Karachi stock market was attractive compared to other options in the region and yield remained high, the overseas investor does not seem to be inclined to commit funds here.

During the month of April, total portfolio investment fell by $30.768 million to $355.593 million. The investment is largely dominated by the United States and Britain which collectively invested $325 million. This amount is over 91 per cent of the total investment. The concentration shows that the share market despite high yield has not been able to attract investors from other regions.

Hong Kong was another country which invested $30 million. No Muslim country, except Bahrain, has significant presence in the market. Bahrain invested $21 million.

The highest net outflow was noted from Switzerland. The country withdrew $16m. Saudi Arabia, which has been an investor, also withdrew its $4m.