Foreign investors dump further Rs3.92 billion worth of securities via SCRA

MG News | December 11, 2020 at 02:46 PM GMT+05:00

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December 11, 2020 (MLN): Foreign Investors during the week ended December 4, 2020, took out net amount of Rs.3.92 billion by selling of local securities, which is around Rs.2.35 billion lower than last week's numbers

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.18 billion, which is around 173.9 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.14.1 billion, which is 181.5 percent higher than the prior week.

Over the week, the overall purchase of securities rose by Rs.9.1 billion while the net sale of securities increased by Rs.11.45 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.4.42 billion, while its outflow has been reported at Rs.8.19 billion.

The closing balance of SCRA was recorded at Rs.29.51 billion, which marks a rise of Rs.542.32 million over the week.

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