Sale of securities by overseas investors crash by 88.4%

November 06, 2020 (MLN): The gross sale of securities by foreign investors during the week ended October 29, 2020, was recorded at Rs.10.8 billion, which is around 88.4 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.7.6 billion, which is 86.5 percent lower than the prior week.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the net sale of securities for the week clocked in at Rs.3.27 billion, i.e. around Rs.33.79 billion higher than last week's numbers.

Over the week, the overall purchase of securities declined by Rs.48.53 billion while the net sale of securities tumbled by Rs.82.32 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.2.65 billion, while its outflow has been reported at Rs.5.48 billion.

The closing balance of SCRA was recorded at Rs.29.1 billion, which marks a rise of Rs.525.2 million over the week.

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