Overseas investors pull out $51.5 million net from local debt market

MG News | July 27, 2020 at 02:22 PM GMT+05:00

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July 27, 2020 (MLN): Risk-averse Foreign investors have extracted $4.5 million from government denominated T-bills in a single session on Friday, i.e. July 24, 2020.

According to the daily position of SCRA issued by SBP, the net outflow for the day clocked in at $8.55 million as overseas investors have also withdrawn $5.39 million from domestic equities against the inflow of $1.35 million.

Cumulatively from July’20 to date, Foreign investors have taken out $61.2 million from short-term debt instrument (T-bills), against the inflow of $10 million, bringing the net outflow to settle at $51.15 million.

With regards to equity, Pakistan Stock Exchange has also observed net outflow of $71.26 million foreign during the month so far, as international investors withdrew $94 million from local equities against the inflow of $22.87 million.

Meanwhile, it is worth mentioning that foreign investors also bought $5 million worth of Pakistan Investment Bonds (PIBs) during the month.

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