Foreign investors withdraw additional $59 mln net from T-bills

April 23, 2020 (MLN): International investors further withdrew $63 million from local debt market yesterday, bringing the total net outflow for the day in government securities to clock in at $59 million. as inflow of $4 million also witnessed in T-bills.

On the equity front, foreigners extracted $7.6 million against the inflow of $1.16, causing the total net outflow for the day to reach $65.52 million.

During the ongoing month, foreign investors so far have poured $204.54 million in government securities compared to the withdrawal of $693.3 million.

According to the SCRA data released by SBP, cumulatively from fiscal year to date, the country witnessed an inflow of $3.63 billion, out of which $2.76 billion has been withdrawn by foreigners so far from T-bills, indicating that only $873.1 million worth of investment is left in government’s short-term debt instrument (T-bills).

Copyright Mettis Link News