Foreign investors withdraw net $50.3 million from local market

April 22, 2020 (MLN): International investors resumed their prevailing practice of escaping from local debt market as after witnessing an inflow of $200 million in government securities (T-bills) on April 20, 2020, the country again witnessed an outflow of $57.978 million in the subsequent two sessions.

In a single session yesterday, foreign investors withdrew $46.037 million from T-bills, bringing the net outflow to clock in at $45.9 million as $154 thousands of inflow has been witnessed on the said day.

On the equity front, foreigners extracted $4.9 million against the inflow of $473 thousand, causing the total net outflow for the day to reach $50.3 million.

During the ongoing month, foreign investors so far have poured $200.5 million in government securities compared to the withdrawal of $617.27 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from fiscal year to date, the country witnessed an inflow of $3.63 billion, out of which $2.68 billion has been withdrawn by foreigners so far from T-bills, indicating that only $947.14 million worth of investment is left in government’s short-term debt instrument (T-bills).

Copyright Mettis Link News

Posted on: 2020-04-22T18:01:00+05:00

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