Foreign investors take a step back from investing in local markets via SCRA

July 09, 2020 (MLN): The foreign investors took a step back from investing in local markets, as the total purchase of securities via Specially Convertible Rupee Accounts (SCRA) stood at Rs.11.1 billion, which is 45.9 percent lower than the prior week.

According to a weekly report on SCRA released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs.10.7 billion, which is around 23.5 percent lower than the figures recorded last week.

Consequently, the net purchase of securities for the week ended July 03, 2020, clocked in at Rs.477.68 million, i.e. around Rs.6.15 billion lower than last week's numbers.

Over the week, the overall purchase of securities declined by Rs.9.43 billion while the net sale of securities tumbled by Rs.3.28 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.5.55 billion, while its outflow has been reported at Rs.4.28 billion.

The closing balance of SCRA was recorded at Rs.30.76 billion, which marks a rise of Rs.840.14 million over the week.

Copyright Mettis Link News

Posted on: 2020-07-09T17:15:00+05:00

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