Foreigners remain net sellers of domestic stock

MG News | September 24, 2021 at 06:15 PM GMT+05:00

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September 24, 2021 (MLN): Overseas investors sold net securities worth Rs645.05 million during the week ended September 17, 2021, which was around Rs13.54 billion higher 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.17.7 billion, which is around 54.1 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.17.1 billion, which is 30 percent lower than the prior week.

Over the week, the overall purchase of securities declined by Rs.7.34 billion while the net sale of securities tumbled by Rs.20.88 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.1.45 billion, while its outflow has been reported at Rs.6.43 billion.

The closing balance of SCRA was recorded at Rs.29.23 billion, which marks a decline of Rs.4.33 billion over the week.

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