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Investment in local capital markets via SCRA takes a massive leap

November 01, 2019 (MLN): Investment in local equity markets by foreign investors took a massive leap, as the net purchase of securities for the week ended October 25, 2019 clocked in at Rs.14.91 billion, i.e. around Rs.13.06 billion higher than last week's numbers.

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.10.9 billion, which is around 32.4 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.25.8 billion, which is 156.1 percent higher than the prior week.

Over the week, the overall purchase of securities rose by Rs.15.73 billion while the net sale of securities increased by Rs.2.67 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.17.77 billion, while its outflow has been reported at Rs.3.55 billion.

The closing balance of SCRA was recorded at Rs.28.02 billion, which marks a rise of Rs.103.31 million over the week.

Copyright Mettis Link News

 

Posted on: 2019-11-01T12:35:00+05:00

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