Overseas investors expand their buying activity via SCRA

September 05, 2019 (MLN): The overseas investors continued to exhibit interest in local equity markets, as the total purchase of securities through Special Convertible Rupee Account (SCRA) for the week ended August 30, 2019, stood at Rs.18.1 billion, which is 22.6 percent higher than the prior week.

According to the weekly report on SCRA released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs.12.1 billion, which is only 1.8 percent higher than the figures recorded last week.

Consequently, the net purchase of securities for the week ended August 30, 2019 clocked in at Rs.6.03 billion, i.e. around Rs.3.13 billion higher than last week's numbers.

Over the week, the overall purchase of securities rose by Rs.3.34 billion while the net sale of securities increased by Rs.211.54 million.

Apart from this, the inflow of remittance into these accounts stood at Rs.8.64 billion, while its outflow has been reported at Rs.2.31 billion.

The closing balance of SCRA was recorded at Rs.27.56 billion, which marks a rise of Rs.586.73 million over the week.

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Posted on: 2019-09-05T17:19:00+05:00