BSL — Bhayani Securities (Pvt) Ltd.

Market Flows

FIPI & LIPI — Investor Flows

Who bought and who sold on the Pakistan Stock Exchange — every investor category, sector by sector, from NCCPL daily data. As of 14 Oct 2026.

Flows by participant & sector

Every investor category crossed with every sector — pick any period

Every settled trade on the PSX belongs to an investor category, and NCCPL — the market’s clearing house — publishes the daily tally: FIPI nets all foreign activity, LIPI splits local activity across individuals, funds, banks, companies, brokers, and insurers. The tables below cross each participant with the sectors they traded — one side’s selling is the other side’s buying, so the two tables are mirror images of the same ledger.

As of 14 Oct 2026, foreign investors were net sellers of US$2.07mn (Rs 573.9mn); the largest local counterparty was Banks / DFIs (+Rs 9.44bn). Foreign money bought Power Generation and Distribution (Rs 43.2mn) and sold Commercial Banks (-Rs 171.3mn). FY27 to date: net -US$6.73mn over 74 sessions (32 net-buy days, 42 net-sell).

1 trading session, 2026-10-14 · figures in Rs mn (Net US$ in US$ mn) · sector columns are net values.

Foreign investors (FIPI) — by participant & sector

Bought/Sold/Net across all market segments · sector cells: net investment per industry

ParticipantBoughtSoldNetNet US$CementFertilizerPowerBanksOthersFMCGsTechTextileE&POMCDebt Mkt
Foreign Corp.224494-271-0.98-2.0——-2357.0-5.8-34.8—0.1——
Overseas Pak.1,9472,250-303-1.09-47.3-6.943.263.9-2711.4-52.02.95.8-42.9—
FIPI Total2,1702,744-574-2.07-49.3-6.943.2-171-264-4.4-86.82.95.9-42.9—

Local investors (LIPI) — by participant & sector

The local mirror of foreign flows — every column totals to the opposite of FIPI

ParticipantBoughtSoldNetNet US$CementFertilizerPowerBanksOthersFMCGsTechTextileE&POMCDebt Mkt
Banks / DFIs9,51468.69,44534.10150——91.554.34.362.1—31.6-11.99,063
Companies1,6458547912.8674820.728.2-5.530.4-1.012.67.318.113.5-81.6
Broker Prop.4,3064,0522540.92-6.8-5.9-0.374.312724.6-1.8-21.28.755.60.1
Other Orgs21111694.40.34-60.50.50.07.64.7-3.7-0.411.812.61.8120
NBFCs7.710.7-2.9-0.01-5.1—-0.0—-0.0——-0.03.3—-1.1
Individuals22.1bn22.3bn-265-0.96-135-6.628.931.7-58.218.362.0-0.5-135-71.91.2
Mutual Funds9,65710.4bn-709-2.56-65244.0-63.2-71.238.5-36.0-39.8-0.452.957.2-38.5
Insurance2369,270-9,034-32.6111.1-45.7-36.842.968.1-2.2-8.00.01.4-1.3-9,063
LIPI Total47.6bn47.1bn5742.0749.36.9-43.21712644.486.8-2.9-5.942.90.0

Foreign flows over time

Daily net FIPI with the fiscal-year running total — pick any window

Bars: daily net FIPI (US$ mn, green = net buying). Line: cumulative fiscal-year-to-date (right axis; resets every July 1). 252 sessions shown.

Mutual fund flows

What Pakistan's mutual funds are buying and selling on the PSX - daily net, fiscal-year-to-date, and by sector

Mutual funds are one of the largest local institutions on the PSX - the “Mutual Funds” category in NCCPL’s LIPI breakdown. Their net buying and selling tracks where domestic institutional money is rotating, and often the counterweight to the foreign (FIPI) flows above.

As of 14 Oct 2026, mutual funds were net sellers of Rs 708.7mn (US$2.56mn). FY27 to date: net Rs 401.3mn over 74 sessions (27 net-buy days, 47 net-sell).

Net today
-Rs 708.7mn
-US$2.56mn · 14 Oct 2026
Net FY27 to date
Rs 401.3mn
US$1.67mn · 74 sessions
Current streak
3 selling
since 12 Oct 2026
Biggest buy day
Rs 23.71bn
US$85.61mn · 24 Sep 2026

Bars: daily net mutual-fund flow (US$ mn, green = net buying). Line: cumulative fiscal-year-to-date (right axis; resets every July 1). 252 sessions shown.

FY27 mutual fund flows by sector

Net mutual-fund buying/selling per sector this fiscal year · green = net buying, red = net selling

SectorNet (Rs)
Oil and Gas Marketing CompaniesRs 2.61bn
Commercial Banks-Rs 746.4mn
Food and Personal Care Products-Rs 1.04bn
Technology and Communication-Rs 1.23bn
Textile Composite-Rs 1.81bn
Power Generation and Distribution-Rs 2.41bn
Fertilizer-Rs 4.47bn
Cement-Rs 8.43bn
Oil and Gas Exploration Companies-Rs 8.74bn

Sector rotation

Where foreign money moved, month by month — net FIPI per sector

Monthly foreign flows by sector

Net FIPI in Rs mn · green = net buying, red = net selling · the newest month is month-to-date

MonthCementFertilizerPowerBanksOthersFMCGsTechTextileE&POMCAll equity
Oct '26·MTD-33153.3136-91312.522.6-2009.3228-94.3-1,075
Sep '26-1,260346377-5,5662,772-24.2-240143-1,059-394-4,903
Aug '26-1,012-156-50.8-2,868-46.456.5-1,6171421,060-1,082-5,574
Jul '26-60.0480-7543,8334,91614.2-1,007-68.31,8603449,557
Jun '26-5,833-257-6172,493-979-43.8bn-99.1-1,885178192-50.6bn
May '26-1,489274-396-3,920-971-54.0427-2441,317278-4,778
Apr '26-927224959-1,001-294-4.8720-80.9-304497-211
Mar '26-8,443-812-313-8,531-6691,6501,113186961-51.3-14.9bn
Feb '26-64.0bn-646-934-1,993-2,274-343-3,78941.4-2,373-1,751-78.1bn
Jan '26-1,689-578-534-7,748-1,494-6,594-1,573-25.71,386230-18.6bn
Dec '25-2,110-532-3,775-7,316-1,301-19964182.8-343129-14.7bn
Nov '25-2,945-1,00840.5-4,225-63412.0-7333.6-2,002-206-11.7bn
Oct '25-5.6-2,505-929-1,183812-1,067708-341-2,245-392-7,148
Sep '251,095-2,593-1,718-5,979-1,019-544-852-674-2,311-1,672-16.3bn
Aug '25-538-1,191-620975-3,737-575-1,676-168-2,612-2,096-12.2bn
Jul '25146-192-136-1,900-1,621-1,607-350-55.0-2,937-353-9,006

Reading it: a column flipping from red to green marks foreign money rotating back into that industry. Equity segments only — debt-market flows excluded.

Records & streaks

Extremes and runs across 324 sessions since 01 Jul 2025

Biggest foreign buy day
Rs 2.53bn
US$9.10mn · 16 Jul 2026
Biggest foreign sell day
-Rs 55.39bn
-US$197.81mn · 20 Feb 2026
Longest foreign buying run
10 sessions
08 Jul 2026 → 21 Jul 2026
Current foreign streak
2 selling
since 13 Oct 2026

Local categories — records & current runs

Biggest single-session moves and active streaks per LIPI category

ParticipantBiggest buy dayBiggest sell dayCurrent streakLast net buyLast net sell
Other OrganizationsRs 3.54bn · 18 Sep 2026-Rs 1.80bn · 22 Jul 20257 sessions buying14 Oct 202605 Oct 2026
CompaniesRs 403.67bn · 08 Dec 2025-Rs 2.76bn · 09 Jul 20265 sessions buying14 Oct 202607 Oct 2026
Banks / DFIsRs 32.44bn · 07 Oct 2025-Rs 381.87bn · 08 Dec 20253 sessions buying14 Oct 202609 Oct 2026
Mutual FundsRs 23.71bn · 24 Sep 2026-Rs 32.60bn · 07 Oct 20253 sessions selling09 Oct 202614 Oct 2026
Broker Proprietary TradingRs 2.27bn · 07 May 2026-Rs 3.06bn · 09 Feb 20262 sessions buying14 Oct 202612 Oct 2026
Insurance CompaniesRs 9.52bn · 21 Oct 2025-Rs 14.97bn · 15 Oct 20252 sessions selling12 Oct 202614 Oct 2026
IndividualsRs 5.51bn · 03 Dec 2025-Rs 15.05bn · 23 Jun 20261 session selling13 Oct 202614 Oct 2026
NBFCsRs 386.1mn · 01 Dec 2025-Rs 112.8mn · 20 Aug 20261 session selling13 Oct 202614 Oct 2026

Who buys when foreigners sell?

Same-day counterparty analysis over the last 252 sessions

Foreign investors were net sellers on 173 of 252 sessions, offloading Rs 237.05bn in total on those days. Companies took the other side most, absorbing 68% of that selling. Absorption share is each category’s net buying on foreign sell-days as a share of total foreign selling — negative means the category sold alongside foreigners.

ParticipantNet on foreign sell-daysShare of foreign selling absorbedNet on foreign buy-daysMoves opposite foreigners
CompaniesRs 160.68bn68%Rs 413.32bn61% of sessions
IndividualsRs 38.04bn16%Rs 46.14bn50% of sessions
Banks / DFIsRs 25.09bn11%-Rs 377.20bn56% of sessions
Mutual FundsRs 23.21bn10%-Rs 77.31bn58% of sessions
Other OrganizationsRs 9.86bn4%-Rs 2.48bn51% of sessions
Broker Proprietary TradingRs 6.64bn3%-Rs 9.13bn56% of sessions
NBFCsRs 903.1mn0%Rs 384.1mn55% of sessions
Insurance Companies-Rs 27.37bn-12%-Rs 30.55bn52% of sessions

Local money in depth

Which investor categories are buying and selling FY27 — and how consistently

FY27 scoreboard — net local flows by category

Net buys/sells across all sessions this fiscal year · consistency = net-buy vs net-sell days

Investor typeNet (FY27)Net (US$)Net-buy daysNet-sell days
IndividualsRs 32.26bnUS$116.28mn4826
CompaniesRs 11.00bnUS$39.71mn5420
Other OrganizationsRs 8.48bnUS$30.62mn4826
Mutual FundsRs 401.3mnUS$1.67mn2747
NBFCsRs 375.0mnUS$1.35mn4331
Broker Proprietary Trading-Rs 3.16bn-US$11.39mn3044
Insurance Companies-Rs 9.28bn-US$33.48mn4331
Banks / DFIs-Rs 38.24bn-US$138.03mn2846

FIPI & LIPI FAQs

Quick answers, updated with the data

As of 14 Oct 2026, foreign investors (FIPI) were net sellers of US$2.07mn (Rs 573.9mn) across all market segments. FY27 to date they are net sellers of US$6.73mn over 74 sessions.

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