International investors further detach $94.7 million from T-bills on Tuesday

March 25, 2020 (MLN): International investors are constantly withdrawing their investment in the domestic sovereign debt Securities due to the growing concerns over COVID-19. On Tuesday, i.e. March 24, 2020, foreigners have pulled back further $94.7 million from T-bills.

This has led the total outflow of foreign currency to stand at $101.9 million on the day.

Spike in selling was also witnessed in Equities as according to SBP's daily SCRA data, $7.99 million had been withdrawn during the day compared to the inflows of $702 thousands, bringing the total net outflow to arrive at $7.29 million in Equities.

This month so far, international investors have retracted $1.5 billion (net) from T-bills, whereas, $72.2 and $40.4 million (net) have been withdrawn from equities and PIBs respectively, causing the total outflows to arrive at $1.6 billion.

Cumulatively, from July to date, foreigners have poured $3.43 billion in T-bills, out of which $1.83 billion has been withdrawn, indicating $1.6 billion still parked in T-bills.

With regards to PIBs, the total foreign inflow from July 2019 to date has been recorded at $60.5 million, out of which $40.4 million has been extracted so far.

Copyright Mettis Link News

Posted on: 2020-03-25T17:41:00+05:00

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