Foreign investors via SCRA remain net buyers for fourth consecutive week

News Image

MG News | December 15, 2023 at 09:32 AM GMT+05:00

0:00

December 15, 2023 (MLN): Foreign investors remained net buyers for the fourth consecutive week as the net purchase of securities for the week ended December 08, 2023 clocked in at Rs3.45bn, as compared to a net purchase worth Rs4.33bn recorded last week.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, during the week, the gross sale of securities was recorded at Rs12bn, which is around 37.43% higher than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs15.44bn, which is 18.24% higher than the prior week, resulting in a net purchase of Rs3.45bn for the week.

Over the week, the overall purchase of securities increased by Rs2.38bn while the net sale of securities increased by Rs3.27bn.

Apart from this, the inflow of remittance into these accounts stood at Rs6.27bn, while its outflow has been reported at Rs3.5bn.

The closing balance of SCRA was recorded at Rs25.73bn, which marks a decline of Rs244.6m over the week.

Overseas investors' confidence remains uplifted amid hopes of improved economic conditions following the expected inflows from IMF and friendly countries, relatively stable currency amid government-backed administrative efforts, and a possible slash in the interest rates.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,208.32
209.95M
1.42%
1908.56
ALLSHR 85,010.65
675.77M
1.18%
992.49
KSE30 41,424.19
74.01M
1.49%
609.90
KMI30 193,351.68
68.30M
0.40%
762.52
KMIALLSHR 56,386.87
300.93M
0.56%
314.62
BKTi 38,253.14
25.39M
3.47%
1281.39
OGTi 28,165.84
4.30M
-0.26%
-74.43
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 122,900.00 123,615.00
118,675.00
4370.00
3.69%
BRENT CRUDE 70.92 71.29
70.35
0.56
0.80%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 108.75 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.03 69.39
68.41
0.58
0.85%
SUGAR #11 WORLD 16.58 16.67
16.53
0.01
0.06%

Chart of the Day


Latest News
July 14, 2025 at 02:33 PM GMT+05:00

BoE signals bigger rate cuts on jobs slowdown


July 14, 2025 at 02:16 PM GMT+05:00

Saudi Riyal available at PKR 76.8 in open market


July 14, 2025 at 01:06 PM GMT+05:00

OGDC leads State-Owned firms in H1 FY25 profits


July 14, 2025 at 12:24 PM GMT+05:00

NHA tops SOE losses with around Rs2tr accumulated deficit


July 14, 2025 at 12:11 PM GMT+05:00

IHC suspends earlier ruling against TRG Pakistan



Top 5 things to watch in this week

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