Foreign Investors remain net buyers for fifth straight weeks

July 2, 2021 (MLN): Foreign investors remained net buyers for straight five weeks as they pumped in Rs5.32 billion net in debt market during the week ended June 25, 2021.

However, this is Rs1.75 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.12.6 billion, which is around 27.6 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.17.9 billion, which is 26.7 percent lower than the prior week.

Over the week, the overall purchase of securities declined by Rs.6.53 billion while the net sale of securities tumbled by Rs.4.78 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.8.2 billion, while its outflow has been reported at Rs.3.59 billion.

The closing balance of SCRA was recorded at Rs.29.68 billion, which marks a decline of Rs.255.34 million over the week.

Copyright Mettis Link News

Posted on: 2021-07-02T17:08:00+05:00

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