Sale of securities by foreign investors rises by 3.6 percent

MG News | October 24, 2020 at 12:48 AM GMT+05:00

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October 24, 2020 (MLN): The gross sale of securities by overseas investors during the week ended October 16, 2020 was recorded at Rs.9.6 billion, which is only 3.6 percent higher than the figures recorded last week.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the total purchase of securities stood at Rs.6.8 billion, which is 13.5 percent lower than the prior week.

Consequently, the net sale of securities for the week clocked in at Rs.2.83 billion, i.e. around Rs.1.4 billion lower than last week's numbers.

Over the week, the overall purchase of securities declined by Rs.1.06 billion whereas the net sale of securities increased by Rs.330.83 million.

Apart from this, the inflow of remittance into these accounts stood at Rs.2.18 billion, while its outflow has been reported at Rs.6.14 billion.

The closing balance of SCRA was recorded at Rs.28.58 billion, which marks a decline of Rs.869.33 million over the week.

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