Foreign investors sell securities worth Rs 31.3 billion via SCRA

MG News | January 25, 2021 at 07:28 PM GMT+05:00

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January 25, 2021 (MLN): The gross sale of securities during the week ended January 15, 2021 was recorded at Rs.31.3 billion, which is around 88.1 percent higher than the figures recorded last week.

On the other hand, the total purchase of securities stood at Rs.29 billion, which is 36.1 percent higher than the prior week.

Consequently, the net sale of securities for the week clocked in at Rs.2.28 billion, whereas last week, the accounts observed a net purchase of Rs.4.69 billion.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, over the week, the overall purchase of securities rose by Rs.7.68 billion while the net sale of securities increased by Rs.14.65 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.6.25 billion, while its outflow has been reported at Rs.6.7 billion.

The closing balance of SCRA was recorded at Rs.32.3 billion, which marks a rise of Rs.2.49 billion over the week.

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