Another $165.9 million withdrawn from local markets via SCRA
MG News | March 13, 2020 at 06:10 PM GMT+05:00
March 13, 2020 (MLN): There was a net outflow of $165.9 million from the local markets via Special Convertible Rupee Account on March 12, 2020, where majority of the selling by foreign investors was witnessed in T-bills.
According to the data released by the State Bank of Pakistan, the outflow of foreign currency from T-bills amounted to $165.7 million, while the outflow from equity markets totaled $$3.4 million, causing the total outflow of foreign currency to reach $169.2 million.
On the other hand, the total inflow of foreign currency into local markets amounted to $3.29 million.
Is it pertinent to note that the inflow in T-Bills from July 2019 to date has been recorded at $3.43 billion, while the total outflow has been recorded at $1.104 billion.
The inflow of foreign currency in March 2020 alone stood at $31.4 million, out of which, $12.9 million was attributed to Equity and $18.4 was attributed to T-bills.
On the other hand, the total outflow during the month amounted to $868.6 million, wherein the equity accounted for $44.5 million and T-bills accounted for $790.7 million.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 179,571.27 436.67M | 1.06% 1878.35 |
| ALLSHR | 108,600.94 844.23M | 1.00% 1073.54 |
| KSE30 | 53,548.42 162.02M | 0.99% 525.53 |
| KMI30 | 256,725.70 154.74M | 0.76% 1936.43 |
| KMIALLSHR | 70,620.69 563.61M | 0.98% 683.55 |
| BKTi | 48,625.03 36.31M | 1.37% 658.39 |
| OGTi | 37,179.52 8.29M | 0.94% 345.85 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 60,080.00 | 60,230.00 59,790.00 | 85.00 0.14% |
| BRENT CRUDE | 73.08 | 75.13 71.38 | -2.18 -2.90% |
| RICHARDS BAY COAL MONTHLY | 115.00 | 0.00 0.00 | 1.65 1.46% |
| ROTTERDAM COAL MONTHLY | 126.25 | 0.00 0.00 | 0.15 0.12% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.24 | 71.86 68.56 | -1.68 -2.34% |
| SUGAR #11 WORLD | 14.55 | 14.68 14.02 | 0.45 3.19% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Monetary Aggregates (M3) - Monthly Profile