Foreign investors continue buying via SCRA

February 07, 2020 (MLN): Foreign Investors continued to be net buyers during the week ended on January 31, 2020, as the total purchase of securities outweighed total sale by nearly Rs. 28.65 billion.

However, this amount was lower by Rs.19.30 when compared to the net buying by foreign investors during the week ended on January 24, 2020.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs.102.9 billion, which is around 176.4 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.131.6 billion, which is 54.4 percent higher than the prior week.

Consequently, the net purchase of securities for the week ended January 31, 2020 clocked in at Rs.28.65 billion, i.e. around Rs.19.31 billion lower than last week's numbers.

Over the week, the overall purchase of securities rose by Rs.46.37 billion while the net sale of securities increased by Rs.65.68 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.42.53 billion, while its outflow has been reported at Rs.7.09 billion.

The closing balance of SCRA was recorded at Rs.39.48 billion, which marks a rise of Rs.6.98 billion over the week.

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