Pakistan’s debt market sees sixth straight week of foreign net selling

November 12, 2020 (MLN):  The pace of foreign selling from Pakistan’s debt market slowed down by Rs 208 million during the week ended November 06, 2020. The foreign investors pulled out Rs 3.06 billion from the local markets via SCRA.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA), this is the sixth straight week of foreign net selling.

The gross sale of securities during the week was recorded at Rs.7.3 billion, which is around 32.6 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.4.2 billion, which is 43.9 percent lower than the prior week.

Over the week, the overall purchase of securities declined by Rs.3.32 billion while the net sale of securities tumbled by Rs.3.53 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.727.28 million, while its outflow has been reported at Rs.4.47 billion.

The closing balance of SCRA was recorded at Rs.28.81 billion, which marks a decline of Rs.284.04 million over the week.

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