March 30, 2020 (MLN): The foreign net outflow continued to increase to $76.53 on March 27, 2020 from Pakistan’s sovereign debt securities and equity as fears of a global recession over COVID-19 spread heightened risk aversion.
According to the daily SCRA data published by SBP, the local market witnessed total inflows of $1.43 million on the said day whereas foreigners withdrew $74.65 million from T-bills and $3.31 million from local equities, aggregating the outflow of $77.96 million.
This month so far, international investors detached $1.65 billion (net) from T-bills, whereas, $81.37 million and $45.397 million (net) have been withdrawn from equities and PIBs respectively, bringing the total net outflows to arrive at $1.78 billion.
Cumulatively, from July to date, foreigners have poured $3.43 billion in T-bills, out of which $1.98 billion has been withdrawn, indicating $1.44 billion still parked in T-bills.
With regards to PIBs, the total foreign inflow from July 2019 to date has been recorded at $60.5 million, out of which $45.42 million has been extracted so far.
This suggests that since July, cumulatively foreigners invested $3.49 billion in Government Securities (T-bills and PIBs) out of which $2.03 billion has been withdrawn, bringing the total net inflows to settle at $1.46 billion.
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