Today, once again, 'foreign corporates' were the major net sellers at PSX, with a net sale of $15.9 million, which was absorbed by mutual funds. Since last Friday, the 'foreign corporates' have made a total net sale of nearly $28 million worth of shares at PSX, while local mutual funds have made a net purchase of $17.4 million. The KSE100 Index has risen to a record high, surpassing the 82k mark. Imagine how much higher the Index would have climbed if the 'foreign corporates' had not been selling, particularly as investors in local mutual funds began shifting from the money market to the equity market following a drop in the policy rate from the record high of 22%.