Overseas investors inject Rs 45.12 million net in debt market over the week

November 26, 2020 (MLN): Overseas investors purchased net Rs 45.12 million worth of securities during the week ended November 20, 2020, i.e. around Rs.1.97 billion 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.7.2 billion, which is around 59.1 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.7.2 billion, which is 63.1 percent lower than the prior week.

Over the week, the overall purchase of securities declined by Rs.12.37 billion while the net sale of securities tumbled by Rs.10.4 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.3.43 billion, while its outflow has been reported at Rs.3.88 billion.

The closing balance of SCRA was recorded at Rs.28.63 billion, which marks a decline of Rs.168.28 million over the week.

Copyright Mettis Link News

Posted on: 2020-11-26T19:34:00+05:00

38262