Foreigners sell net $124 million worth of domestic securities in July’20

August 4, 2020 (MLN): The overseas investors have shied away from the local market as the net sell-off of $124.35 million has been recorded by them during the month of July’20.

During the month, the net sell-off in government’s backed securities particularly T-bills clocked in at $51.5 million as $12.68 million worth of fresh inflows were being recorded against the outflow of $64.19 million which had been made by UK investors.

According to the daily position of SCRA issued by SBP, the last session of the month observed a fresh inflow of $2.62 million in T-bills from UAE, against the outflow of $2.98 million from UK, bringing the net outflow of for the day to stand at 362 thousands USD.

With regards to equity, Pakistan Stock Exchange has also observed hefty outflow of $110.9 million against the inflow of $33 million during the month. This has brought the net outflow to settle at $77.89 million for July 2020.

Overall, the country observed a cumulative outflow of $175 million in domestic securities compared to the inflow of just $50.78 million.

Meanwhile, with regards to government’s long-term debt instrument (PIBs), international investors have poured $5 million in PIBs during the month with zero outflow recorded.

Copyright Mettis Link News

Posted on: 2020-08-04T19:08:00+05:00