According to data released by the State Bank of Pakistan on Friday, foreign investors were seen to be net sellers in the capital markets for the week ending July 20, 2018, but with a marked reduction in net selling.
Even though foreign investors continue to be net sellers this week, the net selling witnessed a significant decline from last week as the net sale of securities has been reported at Rs 770 million against a net selling of Rs 2.478 billion recorded in the week before, a decrease of about 70%.
Overall sale of securities by foreign investors decreased by 8% over the previous week after being recorded at Rs 7.31 billion while the purchase of securities by foreign investors increased by 19.6% after being recorded at Rs 6.54 billion compared to Rs 5.469 billion in the week before.
This indicates a somewhat optimistic view on the part of foreign investors in our capital market.
Total Inflows by foreign investors in our capital markets increased by Rs 612 million over the week to reach Rs 10.211 billion against Rs 9.599 billion last week while total outflows increased by merely Rs 59 million to reach Rs 10.197 Billion from Rs 9.607 Billion in the prior week.
Remittances coming into the country rose by about 68.7% during the week ending July 20, 2018, as inward remittances were recorded at Rs 2.61 billion over last week’s Rs 1.547 billion. Outward remittances, on the other hand, witnessed a decrease of 12.1% after being recorded at Rs 3.634 billion compared to Rs 4.136 billion sent out from the country in the week before.
Consequently, closing Balance in the Special Convertible Rupee Accounts (SCRA) increased by Rs 14 million and was reported at Rs 26.731 billion against Rs 26.717 billion last week.
