Foreign net selling via SCRA returns to the rising trend

MG News | January 03, 2019 at 04:46 PM GMT+05:00

0:00

January 3, 2019 (MLN): Overseas investors during the last week of the year that ended on December 28, 2018, not only indulged in excessive sale of securities yet again, but also pushed up the net sale via Specially Convertible Rupee Account (SCRA) by Rs.864 million from the prior week.

As per data maintained by the State Bank of Pakistan (SBP), the net sale of securities during the week increased to Rs.982 million whereas in the week before this, the net figure had crashed from Rs.1.5 billion to Rs.118 million.

Taking a flick through the pertinent document released by SBP, it can be seen that the total sale of securities has driven up by Rs.754 million to Rs.5.8 billion, while the total purchase of securities has dropped by Rs.110 million to Rs.4.8 billion.

Moreover the inflow of remittance in to these accounts dropped by over Rs.750 million.

The closing balance of SCRA for the week stands at Rs.27.97 billion, down from Rs.28.5 billion recorded a week before.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%