Foreign investors partake in excessive purchase of securities during the week

MG News | January 08, 2021 at 12:02 PM GMT+05:00

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January 08, 2021 (MLN): The gross sale of securities during the week ended December 31, 2020 was recorded at Rs.2 billion, which is around 80.6 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.10.3 billion, which is 62.5 percent higher than the prior week.

Consequently, the net purchase of securities for the week clocked in at Rs.8.36 billion, whereas last week, the accounts observed a net sale of Rs.3.78 billion.

Over the week, the overall purchase of securities rose by Rs.3.97 billion whereas the net sale of securities tumbled by Rs.8.17 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.9.32 billion, while its outflow has been reported at Rs.893.2 million.

The closing balance of SCRA was recorded at Rs.29.68 billion, which marks a rise of Rs.292.75 million over the week.

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