September 27, 2019 (MLN): Investment by overseas shareholders in local equity markets saw a bumper growth, as the net purchase of securities for the week ended on September 20, 2019 stood at Rs. 21.7 billion, as compared to Rs. 1.1 billion recorded in the prior week.
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.23.2 billion, which is around 327.8 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.44.9 billion, which is 581.2 percent higher than the prior week.
Over the week, the overall purchase of securities rose by Rs.38.32 billion while the net sale of securities increased by Rs.17.75 billion.
Apart from this, the inflow of remittance into these accounts stood at Rs.20.99 billion, while its outflow has been reported at Rs.1.84 billion.
The closing balance of SCRA was recorded at Rs.27.49 billion, which marks a decline of Rs.2.61 billion over the week.
