Net selling via SCRA logs in at Rs 595 billion

June 13, 2019 (MLN): The overseas investors indulged in excessive selling in the local capital markets during the week ended June 13, 2019, as the weekly data on Specially Convertible Rupee Accounts (SCRA) revealed that the net sale of securities logged in at Rs. 595 million.

The gross sale of securities during the week was recorded at Rs. 2.8 billion, which is around 69.5 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.2.2 billion, which is 80.2 percent lower than the prior week.

Consequently, the net sale of securities for the week ended June 07, 2019 clocked in at Rs.595.01 million, whereas last week, the accounts observed a net purchase of Rs.1.94 billion.

Over the week, the overall purchase of securities declined by Rs.8.88 billion while the net sale of securities tumbled by Rs.6.35 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.754.94 million, while its outflow has been reported at Rs.1.37 billion.

The closing balance of SCRA was recorded at Rs.28.21 billion, which marks a rise of Rs.3.2 million over the week.

Copyright Mettis Link News

Posted on: 2019-06-13T17:56:00+05:00