As of February 20, 2026, foreign investors have shown a significant shift in sentiment, offloading $197.81 million in equities at the Pakistan Stock Exchange (PSX) in a single day, according to data from Arif Habib Limited. This marked one of the largest single-day foreign outflows in recent months, with total gross selling reaching $204.17 million compared to just $6.36 million in gross buying. The bulk of the selling activity was concentrated in cement stocks, with additional selling observed in banking, technology, power, and oil and gas exploration sectors. This trend highlights the ongoing volatility in foreign investment, which remains sensitive to market conditions and global fund allocation shifts.