Hot Money: And the hits just keep on coming

News Image

By MG News | April 10, 2020 at 12:06 PM GMT+05:00

0:00

April 10, 2020 (MLN): International investors continued with their current tradition of escaping from local debt market as a withdrawal of another $81.5 million in T-bills has been recorded on Wednesday i.e. April 8, 2020.

Thus, the net outflow for the day has been logged at $91.42 billion, as foreign investors withdrew $12.46 from local equities, while inflows stood at $2.5 million only.

According to the SCRA data released by SBP, during fiscal year to date, from $3.43 billion of injection in T-bills, foreigners have pulled around $2.35 billion so far, indicating that only $1 billion investment is left.

With regards to foreign investment in long term instruments particularly PIBs, foreigners detached $45.4 million so far, against the inflows of $60.5 million.

So far this month, country did not witness any influx of hot money in government denominated securities as foreign investors are not willing to invest their money amid global COVID-19 pandemic, signifying that the flight of foreign currency from local debt market will continue.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,295.90
28.88M
0.47%
609.24
ALLSHR 81,673.01
144.21M
0.45%
367.76
KSE30 40,175.99
16.41M
0.58%
230.54
KMI30 191,725.09
17.03M
0.54%
1027.03
KMIALLSHR 55,271.76
70.99M
0.36%
197.61
BKTi 34,966.79
2.23M
1.15%
398.39
OGTi 28,722.71
1.54M
-0.06%
-16.64
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,790.00 110,525.00
109,735.00
-625.00
-0.57%
BRENT CRUDE 68.58 68.89
68.42
-0.22
-0.32%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.87 67.18
66.72
-0.13
-0.19%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 04, 2025 at 09:49 AM GMT+05:00

Lucky Cement achieves historic export milestone


July 04, 2025 at 09:40 AM GMT+05:00

NBP issues foreign exchange rates


July 04, 2025 at 09:34 AM GMT+05:00

TRG Pakistan plans appeal against IHC Order


July 04, 2025 at 09:30 AM GMT+05:00

Asia markets mixed ahead of U.S. tariff deadline


July 04, 2025 at 06:09 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg