March 15, 2021 (MLN): The net purchase of securities for the week ended March 05, 2021 clocked in at Rs.6.87 billion, i.e. around Rs.3.6 billion higher 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.44.1 billion, which is around 183.1 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.51 billion, which is 170.4 percent higher than the prior week.
Over the week, the overall purchase of securities rose by Rs.32.13 billion while the net sale of securities increased by Rs.28.53 billion.
Apart from this, the inflow of remittance into these accounts stood at Rs.11.94 billion, while its outflow has been reported at Rs.6.03 billion.
The closing balance of SCRA was recorded at Rs.32.59 billion, which marks a decline of Rs.825.28 million over the week.
