Investment in equity markets via SCRA increases by Rs 1.13 billion

January 10, 2020 (MLN): Foreign Investors’ interest in local equity markets continued during the week ended January 03, 2020, as the net purchase of securities via Specially Convertible Rupee Account (SCRA) increased by Rs. 5.54 billion to Rs. 6.85 billion.

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.12 billion, which is around 37.1 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.18.9 billion, which is 87.4 percent higher than the prior week.

Consequently, the net purchase of securities for the week ended January 03, 2020 clocked in at Rs.6.85 billion, i.e. around Rs.5.54 billion higher than last week's numbers.

Over the week, the overall purchase of securities rose by Rs.8.79 billion while the net sale of securities increased by Rs.3.25 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.10.26 billion, while its outflow has been reported at Rs.2.94 billion.

The closing balance of SCRA was recorded at Rs.30.95 billion, which marks a rise of Rs.1.13 billion over the week.

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