Foreign investors succumb to bearish sentiments after six weeks

News Image

By MG News | March 14, 2019 at 01:53 PM GMT+05:00

0:00

March 14, 2019 (MLN): Foreign investors in the domestic capital markets found themselves under the influence of bearish sentiments during the week ended March 8, 2019.

After marking a winning streak that lasted for six weeks, the investors observed a net sale of securities via Specially Convertible Rupee Accounts (SCRA) that is recorded at a worth of Rs.620 million.

However, if we look at the trend set in prior two weeks, there are no surprises since the previous week had recorded a rather steep nose dive in net purchase of securities, from Rs.1 billion to Rs.87 million. This indicated quite an obvious spread of negative pressure.

The overseas investors sold securities worth Rs.6.3 billion during the week and purchased securities worth Rs.5.7 billion.

Compared to previous week, the fall in purchase of securities was much significant (down by Rs.800 million) than the fall in sale which only dropped by Rs.78 million only.

Apart from this, the inflow of remittance this week was Rs.1.9 billion while the outflow was Rs.3.2 billion.

Coupled with Rs.15 million dividend inflow and Rs.4 million in tax payments, this brought the overall closing balance of SCRA during the week at Rs.27.5 billion, down from Rs.28.2 billion recorded in previous week.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,762.66
104.29M
-0.48%
-640.53
ALLSHR 83,051.47
589.74M
-0.16%
-136.58
KSE30 40,399.45
36.83M
-0.62%
-252.00
KMI30 191,031.30
42.00M
-0.55%
-1052.62
KMIALLSHR 55,756.12
302.63M
-0.16%
-91.57
BKTi 36,236.93
6.53M
-0.51%
-185.95
OGTi 28,281.57
7.40M
-0.55%
-156.04
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,155.00 109,545.00
108,625.00
-60.00
-0.05%
BRENT CRUDE 70.31 70.33
69.85
0.16
0.23%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.48 68.48
67.78
0.15
0.22%
SUGAR #11 WORLD 16.13 16.15
16.08
0.00
0.00%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg