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 02 Nov 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 02 Nov 2026, foreign investors were net sellers of US$1.80mn (Rs 498.2mn); the largest local counterparty was Companies (+Rs 1.38bn). Foreign money bought Food and Personal Care Products (Rs 12.8mn) and sold Commercial Banks (-Rs 371.2mn). FY27 to date: net -US$53.42mn over 87 sessions (33 net-buy days, 54 net-sell).

1 trading session, 2026-11-02 · 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
Overseas Pak.1,2511,259-7.4-0.03-1.7-23.07.65.2-5.114.2-23.9-0.618.31.6—
Foreign Corp.12.7504-491-1.77-48.60.0—-376-23.5-1.4-0.40.1-40.5——
FIPI Total1,2641,762-498-1.80-50.4-23.07.6-371-28.612.8-24.3-0.5-22.21.6—

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
Companies1,9585741,3845.003142925.2436125-27.528.12.217434.8—
Individuals16.5bn15.4bn1,1324.09-19.813.235.01941,17432.9-19.81.0-391156-44.0
Other Orgs3313219.90.041.1-19539.78.6-68.91.06.6-2.751.613.1155
NBFCs6.87.9-1.2-0.00-0.5—-0.00.7-3.5———2.10.1—
Insurance104204-100-0.36-21.42.5-0.528.2-46.0—0.4-0.1-12.9-50.4—
Banks / DFIs674909-235-0.85-14.0-28.112.6-4.2-450-0.1——384-136-0.0
Mutual Funds1,6912,472-781-2.82131-52.4-104124-593-3.37.90.6-107-30.3-155
Broker Prop.2,1453,056-910-3.29-341-9.43.8-417-109-15.71.2-0.5-78.410.944.0
LIPI Total23.4bn22.9bn4981.8050.423.0-7.637128.6-12.824.30.522.2-1.60.0

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 02 Nov 2026, mutual funds were net sellers of Rs 780.7mn (US$2.82mn). FY27 to date: net -Rs 27.59bn over 87 sessions (30 net-buy days, 57 net-sell).

Net today
-Rs 780.7mn
-US$2.82mn · 02 Nov 2026
Net FY27 to date
-Rs 27.59bn
-US$99.39mn · 87 sessions
Current streak
2 selling
since 30 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 3.38bn
Commercial BanksRs 1.27bn
Food and Personal Care Products-Rs 1.51bn
Technology and Communication-Rs 1.91bn
Textile Composite-Rs 2.00bn
Power Generation and Distribution-Rs 4.36bn
Fertilizer-Rs 4.79bn
Oil and Gas Exploration Companies-Rs 7.46bn
Cement-Rs 7.78bn

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
Nov '26·MTD-50.4-23.07.6-371-28.612.8-24.3-0.5-22.21.6-498
Oct '26-78578.0224-5,906-7,1456.119765.185.7-338-13.5bn
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 337 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
9 selling
since 21 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
CompaniesRs 403.67bn · 08 Dec 2025-Rs 2.76bn · 09 Jul 20267 sessions buying02 Nov 202622 Oct 2026
IndividualsRs 5.51bn · 03 Dec 2025-Rs 15.05bn · 23 Jun 20265 sessions buying02 Nov 202626 Oct 2026
Mutual FundsRs 23.71bn · 24 Sep 2026-Rs 32.60bn · 07 Oct 20252 sessions selling29 Oct 202602 Nov 2026
Other OrganizationsRs 6.77bn · 30 Oct 2026-Rs 1.80bn · 22 Jul 20252 sessions buying02 Nov 202629 Oct 2026
Banks / DFIsRs 32.44bn · 07 Oct 2025-Rs 381.87bn · 08 Dec 20251 session selling30 Oct 202602 Nov 2026
Broker Proprietary TradingRs 2.27bn · 07 May 2026-Rs 3.06bn · 09 Feb 20261 session selling30 Oct 202602 Nov 2026
Insurance CompaniesRs 9.52bn · 21 Oct 2025-Rs 14.97bn · 15 Oct 20251 session selling30 Oct 202602 Nov 2026
NBFCsRs 386.1mn · 01 Dec 2025-Rs 112.8mn · 20 Aug 20261 session selling30 Oct 202602 Nov 2026

Who buys when foreigners sell?

Same-day counterparty analysis over the last 252 sessions

Foreign investors were net sellers on 176 of 252 sessions, offloading Rs 242.67bn in total on those days. Companies took the other side most, absorbing 66% 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 160.89bn66%Rs 410.37bn61% of sessions
IndividualsRs 43.09bn18%Rs 42.99bn52% of sessions
Mutual FundsRs 19.27bn8%-Rs 65.68bn57% of sessions
Other OrganizationsRs 19.10bn8%-Rs 2.05bn53% of sessions
Broker Proprietary TradingRs 4.02bn2%-Rs 8.39bn56% of sessions
Banks / DFIsRs 1.49bn1%-Rs 371.88bn56% of sessions
NBFCsRs 785.9mn0%Rs 396.4mn55% of sessions
Insurance Companies-Rs 6.00bn-2%-Rs 41.29bn52% 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 39.21bnUS$141.35mn5928
Other OrganizationsRs 16.94bnUS$61.13mn5829
CompaniesRs 15.50bnUS$55.95mn6423
NBFCsRs 345.3mnUS$1.24mn5334
Insurance Companies-Rs 2.13bn-US$7.67mn4839
Broker Proprietary Trading-Rs 4.71bn-US$16.98mn3552
Banks / DFIs-Rs 22.78bn-US$82.22mn3750
Mutual Funds-Rs 27.59bn-US$99.39mn3057

FIPI & LIPI FAQs

Quick answers, updated with the data

As of 02 Nov 2026, foreign investors (FIPI) were net sellers of US$1.80mn (Rs 498.2mn) across all market segments. FY27 to date they are net sellers of US$53.42mn over 87 sessions.

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