Foreign investors take out $56.25 million from local market on Tuesday
MG News | March 18, 2020 at 05:56 PM GMT+05:00
March 18, 2020 (MLN): Pakistan witnessed another net outflow of $56.25 million by foreigners from the local market via Special Convertible Rupee Account on March 17, 2020.
Most of the selling by foreign investors was witnessed in Government Securities as $47.24 has been withdrawn from T-bills in a single day session. While the outflow from equity markets totaled $10.489 million, causing the total outflow of foreign currency to reach $57.74 million.
Foreign investors seem unwilling to invest in Government securities as according to the data released by the State Bank of Pakistan, the inflow of foreign currency in T-bills amounted to $43 thousands only during the day under review. Whereas, inflows in Equities recorded at $1.43 million, bringing the total inflow of foreign currency to stand at $1.48 million.
Cumulatively, the inflow in T-Bills from July 2019 to date has been recorded at $3.43 billion, while the total outflow has been recorded at $1.454 billion
In the month of March alone, $37.75 has been invested by foreigners so far, out of which, $19.24 million was attributed to Equity, $18.49 was attributed to T-bills and $23 thousand was for PIBs.
On the other hand, the total outflow during the month amounted to $1.24 billion, wherein the equity accounted for $67.2 million and T-bills accounted for $1.14 billion.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 179,571.27 436.67M | 1.06% 1878.35 |
| ALLSHR | 108,600.94 844.23M | 1.00% 1073.54 |
| KSE30 | 53,548.42 162.02M | 0.99% 525.53 |
| KMI30 | 256,725.70 154.74M | 0.76% 1936.43 |
| KMIALLSHR | 70,620.69 563.61M | 0.98% 683.55 |
| BKTi | 48,625.03 36.31M | 1.37% 658.39 |
| OGTi | 37,179.52 8.29M | 0.94% 345.85 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 60,390.00 | 63,160.00 60,250.00 | -1975.00 -3.17% |
| BRENT CRUDE | 74.08 | 77.00 73.22 | -3.00 -3.89% |
| RICHARDS BAY COAL MONTHLY | 115.00 | 0.00 0.00 | 0.50 0.44% |
| ROTTERDAM COAL MONTHLY | 126.50 | 126.50 125.90 | 0.50 0.40% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.48 | 73.18 69.63 | -2.73 -3.73% |
| SUGAR #11 WORLD | 14.06 | 14.08 13.81 | 0.11 0.79% |
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 |
|---|
Monetary Aggregates (M3) - Monthly Profile