Foreign investors retract net amount of Rs.1.57 billion via SCRA

December 03, 2020 (MLN): Foreign Investors during the week ended November 27, 2020, took out net amount of Rs. 1.57 billion by selling of local securities, whereas last week, the accounts observed a net purchase of Rs.45.12 million

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.6.6 billion, which is around 8.5 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.5 billion, which is 30.7 percent lower than the prior week.

Over the week, the overall purchase of securities declined by Rs.2.22 billion while the net sale of securities tumbled by Rs.611.64 million.

Apart from this, the inflow of remittance into these accounts stood at Rs.1.32 billion, while its outflow has been reported at Rs.2.8 billion.

The closing balance of SCRA was recorded at Rs.28.97 billion, which marks a rise of Rs.341.62 million over the week.

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