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HomeEconomyOverseas investors inject net Rs775.5mn in local debt market

Overseas investors inject net Rs775.5mn in local debt market

August 14, 2021 (MLN): Foreign investors purchased net securities worth Rs.775.56 million, during the week ended August 06, 2021 which was around Rs.531.84 million lower than last week's numbers.

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.3.6 billion, which is around 54.1 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.4.4 billion, which is 52.2 percent lower than the prior week.

Over the week, the overall purchase of securities declined by Rs.4.76 billion while the net sale of securities tumbled by Rs.4.23 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.1.85 billion, while its outflow has been reported at Rs.1.34 billion.

The closing balance of SCRA was recorded at Rs.29.18 billion, which marks a decline of Rs.19.95 million over the week.

Copyright Mettis Link News

Posted on: 2021-08-14T13:07:00+05:00

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