Foreign investors dump securities worth Rs 12.8 billion during the week

February 22, 2021 (MLN): The gross sale of securities by overseas investors during the week ended February 12, 2021 was recorded at Rs. 12.8 billion, which is around 24.1 percent lower 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. 12.5 billion, which is 16.6 percent lower than the prior week.

Consequently, the net sale of securities for the week clocked in at Rs. 277.53 million, i.e. around Rs. 1.58 billion higher than last week's numbers.

Over the week, the overall purchase of securities declined by Rs. 2.49 billion while the net sale of securities tumbled by Rs. 4.07 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs. 5.56 billion, while its outflow has been reported at Rs. 5.42 billion.

The closing balance of SCRA was recorded at Rs. 30.23 billion, which marks a rise of Rs. 443.55 million over the week.

Copyright Mettis Link News

Posted on: 2021-02-22T13:32:00+05:00

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