Foreign investors buy another Rs9.35bn in a week

MG News | May 27, 2024 at 09:43 AM GMT+05:00

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May 27, 2024 (MLN): The net purchase of securities for the week ended May 17, 2024 clocked in at Rs9.35bn, as compared to a net purchase worth Rs8.64bn recorded last week, according to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan.

During the week, the gross sale of securities was recorded at Rs21.01bn, which is around 97.17% higher than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs30.37bn, which is 57.31% higher than the prior week, resulting in a net purchase of Rs9.35bn for the week.

Over the week, the overall purchase of securities increased by Rs11.06bn while the net sale of securities increased by Rs10.36bn.

Apart from this, the inflow of remittance into these accounts stood at Rs19.37bn, while its outflow has been reported at Rs6.37bn.

The closing balance of SCRA was recorded at Rs30.83bn, which marks a rise of Rs4.02bn over the week.

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