Foreign Net Selling edges up by 121 percent

By MG News | December 12, 2018 at 04:50 PM GMT+05:00

0:00

December 12, 2018 (MLN): Market participants positioned overseas indulged in excessive selling via Specially Convertible Rupee Accounts (SCRA) during the week ended December 07, 2018, as compared to the prior week.

These foreign investors also increased the purchase of securities during the week by a greater magnitude and thereby causing foreign net selling via SCRA to amplify by around 121% WoW, mainly due to the MSCI rebalancing that took place on November 30, 2018.

Net sale of securities during the week under assessment has been recorded at Rs.5.4 billion versus a net sale of Rs.2.5 billion recorded the week earlier.

Sale of securities for the week logged in at Rs.37.6 billion, up from Rs.11.6 billion during the previous week. Meanwhile, the purchase of securities stands in at Rs.32.2 billion, up from Rs.9.1 billion recorded for the week before.

On the other hand, inflow of remittances into these accounts have jumped to Rs.9.4 billion whereas outward remittances have logged in at Rs.15.2 billion.

The closing balance of SCRA has been recorded at Rs.28.5 billion.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	120,023.24 136.80M	0.02% 20.65
ALLSHR	74,956.95 415.25M	0.09% 64.82
KSE30	36,533.23 44.37M	0.25% 91.50
KMI30	177,648.07 53.46M	0.48% 854.02
KMIALLSHR	51,412.96 224.87M	0.22% 113.15
BKTi	30,161.85 6.28M	0.10% 29.54
OGTi	27,008.50 5.66M	0.59% 157.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	103,730.00	106,725.00 102,425.00	-235.00 -0.23%
BRENT CRUDE	77.32	77.67 75.51	-1.53 -1.94%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-3.70 -4.03%
ROTTERDAM COAL MONTHLY	103.85	0.00 0.00	0.35 0.34%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	74.04	75.74 72.32	0.54 0.73%
SUGAR #11 WORLD	16.53	16.73 16.44	0.22 1.35%