Foreign investors pour in net Rs1.07bn in local debt market during a week

June 11, 2021 (MLN): Overseas Investors purchased net securities worth Rs.1.07 billion, for the week ended June 04, 2021, whihc is around Rs.6.28 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.34.1 billion, which is around 74.7 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.35.1 billion, which is 30.8 percent higher than the prior week.

Over the week, the overall purchase of securities rose by Rs.8.28 billion while the net sale of securities increased by Rs.14.56 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.3 billion, while its outflow has been reported at Rs.11.73 billion.

The closing balance of SCRA was recorded at Rs.30.65 billion, which marks a decline of Rs.8.82 billion over the week.

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Posted on: 2021-06-11T18:57:00+05:00