Investment in equity markets via SCRA falls by Rs 1.4 billion

November 21, 2019 (MLN): Foreign Investors’ interest in local equity markets tumbled during the week ended November 15, 2019, as the net purchase of securities via Specially Convertible Rupee Account (SCRA) came down by Rs. 17.18 billion to Rs. 18.76 billion.

According to a weekly report on SCRA released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs. 21.2 billion, which is around 41.7 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs. 39.9 billion, which is 44.7 percent lower than the prior week.

Over the week, the overall purchase of securities declined by Rs. 32.31 billion while the net sale of securities tumbled by Rs. 15.13 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.19.88 billion, while its outflow has been reported at Rs. 2.92 billion.

The closing balance of SCRA was recorded at Rs. 27.79 billion, which marks a decline of Rs. 1.41 billion over the week.

Copyright Mettis Link News