Foreign Investors extracted Rs 10.52 bln net from local market over the week

MG News | July 23, 2020 at 06:09 PM GMT+05:00

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July 23, 2020 (MLN): The net sale of securities via Specially Convertible Rupee Accounts (SCRA) for the week ended July 17, 2020 clocked in at Rs. 10.52 billion, which is around Rs.8.72 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.20.4 billion, which is around 159.9 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.9.9 billion, which is 63.1 percent higher than the prior week.

Over the week, the overall purchase of securities rose by Rs.3.81 billion while the net sale of securities increased by Rs.12.53 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.1.26 billion, while its outflow has been reported at Rs.11.19 billion.

The closing balance of SCRA was recorded at Rs.31.5 billion, which marks a rise of Rs.1.18 billion over the week.

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