Foreign investors sell securities worth Rs 11.4 billion during the week

February 26, 2021 (MLN): The gross sale of securities by foreign investors during the week ended February 19, 2021 was recorded at Rs.11.4 billion, which is around 11 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.10.7 billion, which is 14.8 percent lower than the prior week.

Consequently, the net sale of securities for the week clocked in at Rs.729.9 million, i.e. around Rs.452.37 million lower than last week's numbers.

Over the week, the overall purchase of securities declined by Rs.1.86 billion while the net sale of securities tumbled by Rs.1.41 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.6.77 billion, while its outflow has been reported at Rs.8.4 billion.

The closing balance of SCRA was recorded at Rs.29.33 billion, which marks a decline of Rs.905.42 million over the week.

Copyright Mettis Link News

Posted on: 2021-02-26T13:58:00+05:00

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