Net sale of securities by overseas investors jumps by Rs9.64bn over the week

May 07, 2021 (MLN): Foreign Investors during the week ended April 30, 2021, sold net Rs6.96 billion worth of securities against a net purchase of Rs2.07 billion recorded last 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.14.5 billion, which is around 199.4 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.7.5 billion, which is 8.7 percent higher than the prior week.

Over the week, the overall purchase of securities rose by Rs.601.88 million while the net sale of securities increased by Rs.9.64 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.2.32 billion, while its outflow has been reported at Rs.10.34 billion.

The closing balance of SCRA was recorded at Rs.29.55 billion, which marks a rise of Rs.540.03 million over the week.

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Posted on: 2021-05-07T23:26:00+05:00