Foreign investors withdraw investments from local equity market via SCRA

October 03, 2019 (MLN): Overseas investors retreated some of their investments from local equity markets, as the net purchase of securities for the week ended September 27, 2019 clocked in at Rs.15.4 billion, i.e. around Rs.6.35 billion lower than last week's numbers.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs.24.7 billion, which is only 6.6 percent higher than the figures recorded last week. Meanwhile, the total purchase of securities stood at Rs.40.1 billion, which is 10.7 percent lower than the prior week.

Over the week, the overall purchase of securities declined by Rs.4.83 billion whereas the net sale of securities increased by Rs.1.53 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.19.03 billion, while its outflow has been reported at Rs.3.56 billion.

The closing balance of SCRA was recorded at Rs.27.59 billion, which marks a rise of Rs.99.73 million over the week.

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