Foreign investors see a 76% growth in securities purchased over the week

March 05, 2021 (MLN): The gross sale of securities by overseas investors during the week ended February 26, 2021 was recorded at Rs.15.6 billion, which is around 36.6 percent higher than the figures recorded last week.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the total purchase of securities stood at Rs.18.9 billion, which is 76.5 percent higher than the prior week.

Consequently, the net purchase of securities for the week clocked in at Rs.3.27 billion, whereas last week, the accounts observed a net sale of Rs.729.9 million.

Over the week, the overall purchase of securities rose by Rs.8.18 billion while the net sale of securities increased by Rs.4.17 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.11.14 billion, while its outflow has been reported at Rs.3.85 billion.

The closing balance of SCRA was recorded at Rs.33.41 billion, which marks a rise of Rs.4.09 billion over the week.

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